IWMO.MI vs. IUSQ.DE
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, IWMO.MI returned 15.31%/yr vs 12.55%/yr for IUSQ.DE. Their correlation of 0.81 suggests significant overlap in exposure. IWMO.MI charges 0.25%/yr vs 0.20%/yr for IUSQ.DE.
Performance
IWMO.MI vs. IUSQ.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 IUSQ.DE's 11.73% return. Over the past 10 years, IWMO.MI has outperformed IUSQ.DE with an annualized return of 15.31%, while IUSQ.DE has yielded a comparatively lower 12.55% annualized 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%
IUSQ.DE
- 1D
- 1.86%
- 1M
- 0.87%
- YTD
- 11.73%
- 6M
- 13.44%
- 1Y
- 26.48%
- 3Y*
- 17.12%
- 5Y*
- 12.02%
- 10Y*
- 12.55%
IWMO.MI vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.40% | 16.05% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 11.73% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between IWMO.MI and IUSQ.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.81 |
The correlation between IWMO.MI and IUSQ.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
IWMO.MI vs. IUSQ.DE — Risk / Return Rank
IWMO.MI
IUSQ.DE
IWMO.MI vs. IUSQ.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 ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.97 | -0.48 |
| Martin ratioReturn relative to average drawdown | 13.36 | 16.29 | -2.93 |
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Drawdowns
IWMO.MI vs. IUSQ.DE - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and IUSQ.DE.
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Drawdown Indicators
| IWMO.MI | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -33.60% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -6.48% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -21.25% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -21.25% | -2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -33.60% | +2.57% |
Current DrawdownCurrent decline from peak | -0.90% | -1.37% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -4.18% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.58% | +0.79% |
Volatility
IWMO.MI vs. IUSQ.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 ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.41%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 3.41% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 8.53% | +5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 11.69% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 13.97% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 15.03% | +2.57% |
IWMO.MI vs. IUSQ.DE - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IWMO.MI vs. IUSQ.DE - Dividend Comparison
Neither IWMO.MI nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IWMO.MI and IUSQ.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IWMO.MI.
IWMO.MI is categorized as Momentum, while IUSQ.DE is Global Equities. IWMO.MI tracks MSCI World Momentum Index, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.25% for IWMO.MI and 0.20% for IUSQ.DE.
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