IWMO.MI vs. IWFQ.L
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and IWFQ.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while IWFQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IWMO.MI returned 15.31%/yr vs 12.37%/yr for IWFQ.L. A 0.75 correlation means they provide meaningful diversification when combined. IWMO.MI charges 0.25%/yr vs 0.30%/yr for IWFQ.L.
Performance
IWMO.MI vs. IWFQ.L - Performance Comparison
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Different Trading Currencies
IWMO.MI is traded in EUR, while IWFQ.L is traded in GBp. To make them comparable, the IWFQ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWMO.MI achieves a 22.51% return, which is significantly higher than IWFQ.L's 10.28% return. Over the past 10 years, IWMO.MI has outperformed IWFQ.L with an annualized return of 15.31%, while IWFQ.L has yielded a comparatively lower 12.37% 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%
IWFQ.L
- 1D
- 1.18%
- 1M
- 2.78%
- YTD
- 10.28%
- 6M
- 11.32%
- 1Y
- 21.29%
- 3Y*
- 15.02%
- 5Y*
- 11.27%
- 10Y*
- 12.37%
IWMO.MI vs. IWFQ.L - 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% |
IWFQ.L iShares MSCI World Quality Factor UCITS | 10.28% | 1.80% | 24.66% | 21.68% | -14.21% | 33.31% | 4.90% | 33.87% | -3.54% | 8.03% |
Correlation
The correlation between IWMO.MI and IWFQ.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.75 |
The correlation between IWMO.MI and IWFQ.L shifts across timeframes, from 0.68 (1 year) to 0.80 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IWMO.MI vs. IWFQ.L — Risk / Return Rank
IWMO.MI
IWFQ.L
IWMO.MI vs. IWFQ.L - 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 Quality Factor UCITS (IWFQ.L). 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 | IWFQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.10 | +0.39 |
| Martin ratioReturn relative to average drawdown | 13.36 | 13.11 | +0.25 |
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Drawdowns
IWMO.MI vs. IWFQ.L - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, smaller than the maximum IWFQ.L drawdown of -41.48%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and IWFQ.L.
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Drawdown Indicators
| IWMO.MI | IWFQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -41.48% | +10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -6.51% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -20.22% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -20.22% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -31.50% | +0.47% |
Current DrawdownCurrent decline from peak | -0.90% | 0.00% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -10.55% | +4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.54% | +0.83% |
Volatility
IWMO.MI vs. IWFQ.L - 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 Quality Factor UCITS (IWFQ.L) at 2.28%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than IWFQ.L 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 | IWFQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 2.28% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 7.42% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 10.46% | +6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 19.75% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 17.86% | -0.26% |
IWMO.MI vs. IWFQ.L - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is lower than IWFQ.L's 0.30% expense ratio.
Dividends
IWMO.MI vs. IWFQ.L - Dividend Comparison
Neither IWMO.MI nor IWFQ.L has paid dividends to shareholders.
Frequently Asked Questions
IWMO.MI and IWFQ.L have a correlation of 0.68, 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 0.30% for IWFQ.L.
IWMO.MI is categorized as Momentum, while IWFQ.L is Global Equities. IWMO.MI tracks MSCI World Momentum Index, while IWFQ.L tracks MSCI ACWI NR USD. Their fees differ too: 0.25% for IWMO.MI and 0.30% for IWFQ.L.
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