IWMO.MI vs. IUSN.DE
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while IUSN.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 5 years, IWMO.MI returned 14.68%/yr vs 7.95%/yr for IUSN.DE. A 0.72 correlation means they provide meaningful diversification when combined. IWMO.MI charges 0.25%/yr vs 0.35%/yr for IUSN.DE.
Performance
IWMO.MI vs. IUSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWMO.MI achieves a 22.51% return, which is significantly higher than IUSN.DE's 16.07% return.
IWMO.MI
- 1D
- -0.90%
- 1M
- 3.43%
- YTD
- 22.51%
- 6M
- 25.06%
- 1Y
- 34.28%
- 3Y*
- 26.15%
- 5Y*
- 14.68%
- 10Y*
- 15.31%
IUSN.DE
- 1D
- 2.38%
- 1M
- 3.44%
- YTD
- 16.07%
- 6M
- 16.37%
- 1Y
- 32.21%
- 3Y*
- 14.22%
- 5Y*
- 7.95%
- 10Y*
- —
IWMO.MI vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 8.04% | 39.23% | 7.91% | -13.96% | 24.82% | 17.08% | 31.14% | -1.96% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 16.07% | 7.76% | 13.17% | 13.12% | -13.76% | 25.29% | 5.24% | 29.17% | -8.13% |
Correlation
The correlation between IWMO.MI and IUSN.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.72 |
The correlation between IWMO.MI and IUSN.DE has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
IWMO.MI vs. IUSN.DE — Risk / Return Rank
IWMO.MI
IUSN.DE
IWMO.MI vs. IUSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) and iShares MSCI World Small Cap UCITS ETF (IUSN.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWMO.MI | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 4.42 | -0.93 |
| Martin ratioReturn relative to average drawdown | 13.36 | 16.61 | -3.25 |
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Drawdowns
IWMO.MI vs. IUSN.DE - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, smaller than the maximum IUSN.DE drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and IUSN.DE.
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Drawdown Indicators
| IWMO.MI | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -40.27% | +9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -7.12% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -24.25% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -24.25% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | 0.00% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -7.00% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.90% | +0.47% |
Volatility
IWMO.MI vs. IUSN.DE - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a higher volatility of 5.79% compared to iShares MSCI World Small Cap UCITS ETF (IUSN.DE) at 3.90%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than IUSN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWMO.MI | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 3.90% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 9.79% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 13.88% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 16.56% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 18.31% | -0.71% |
IWMO.MI vs. IUSN.DE - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
IWMO.MI vs. IUSN.DE - Dividend Comparison
Neither IWMO.MI nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
IWMO.MI and IUSN.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMO.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMO.MI is cheaper with a 0.25% expense ratio, compared with 0.35% for IUSN.DE.
IWMO.MI is categorized as Momentum, while IUSN.DE is Global Equities. IWMO.MI tracks MSCI World Momentum Index, while IUSN.DE tracks MSCI World Small Cap. Their fees differ too: 0.25% for IWMO.MI and 0.35% for IUSN.DE.
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