IWMO.MI vs. SCHK
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and SCHK (Schwab 1000 Index ETF) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while SCHK is a Large Cap Growth Equities fund tracking the Schwab 1000 Index. Both are passively managed. Over the past 5 years, IWMO.MI returned 14.68%/yr vs 14.30%/yr for SCHK. A 0.52 correlation means they provide meaningful diversification when combined. IWMO.MI charges 0.25%/yr vs 0.05%/yr for SCHK.
Performance
IWMO.MI vs. SCHK - Performance Comparison
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Different Trading Currencies
IWMO.MI is traded in EUR, while SCHK is traded in USD. To make them comparable, the SCHK 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 SCHK's 12.87% return.
IWMO.MI
- 1D
- -0.90%
- 1M
- 8.73%
- YTD
- 22.51%
- 6M
- 23.74%
- 1Y
- 31.60%
- 3Y*
- 26.15%
- 5Y*
- 14.68%
- 10Y*
- 15.31%
SCHK
- 1D
- 0.36%
- 1M
- 5.43%
- YTD
- 12.87%
- 6M
- 11.69%
- 1Y
- 26.20%
- 3Y*
- 19.31%
- 5Y*
- 14.30%
- 10Y*
- —
IWMO.MI vs. SCHK - 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% | 4.28% |
SCHK Schwab 1000 Index ETF | 12.87% | 3.31% | 32.70% | 22.83% | -14.52% | 35.61% | 10.79% | 34.28% | -0.64% | 3.83% |
Correlation
The correlation between IWMO.MI and SCHK is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017 | 0.52 |
The correlation between IWMO.MI and SCHK has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
IWMO.MI vs. SCHK — Risk / Return Rank
IWMO.MI
SCHK
IWMO.MI vs. SCHK - 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 Schwab 1000 Index ETF (SCHK). 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.
| IWMO.MI | SCHK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.51 | -0.02 |
| Martin ratioReturn relative to average drawdown | 13.36 | 13.10 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWMO.MI | SCHK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.11 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.84 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.78 | +0.02 |
Drawdowns
IWMO.MI vs. SCHK - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, smaller than the maximum SCHK drawdown of -34.30%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and SCHK.
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Drawdown Indicators
| IWMO.MI | SCHK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -34.30% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -7.49% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -24.16% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -24.16% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.11% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -4.58% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.01% | +0.36% |
Volatility
IWMO.MI vs. SCHK - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a higher volatility of 5.79% compared to Schwab 1000 Index ETF (SCHK) at 2.31%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than SCHK 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 | SCHK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 2.31% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 8.77% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 12.49% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 17.06% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 19.38% | -1.78% |
IWMO.MI vs. SCHK - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is higher than SCHK's 0.05% 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. SCHK - Dividend Comparison
IWMO.MI has not paid dividends to shareholders, while SCHK's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHK Schwab 1000 Index ETF | 1.00% | 1.09% | 1.20% | 1.38% | 1.57% | 1.17% | 1.58% | 1.82% | 1.80% | 0.31% |
Frequently Asked Questions
IWMO.MI and SCHK have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCHK is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHK is cheaper with a 0.05% expense ratio, compared with 0.25% for IWMO.MI.
IWMO.MI is categorized as Momentum, while SCHK is Large Cap Growth Equities. IWMO.MI tracks MSCI World Momentum Index, while SCHK tracks Schwab 1000 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.25% for IWMO.MI and 0.05% for SCHK.
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