IWMO.MI vs. VEUR.MI
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while VEUR.MI is a Europe Equities fund tracking the FTSE Developed Europe Index. Both are passively managed. Over the past 5 years, IWMO.MI returned 15.53%/yr vs 10.50%/yr for VEUR.MI. A 0.67 correlation means they provide meaningful diversification when combined. IWMO.MI charges 0.25%/yr vs 0.10%/yr for VEUR.MI.
Performance
IWMO.MI vs. VEUR.MI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWMO.MI achieves a 26.32% return, which is significantly higher than VEUR.MI's 9.95% return.
IWMO.MI
- 1D
- 0.00%
- 1M
- 11.18%
- YTD
- 26.32%
- 6M
- 29.37%
- 1Y
- 38.11%
- 3Y*
- 26.92%
- 5Y*
- 15.53%
- 10Y*
- 15.62%
VEUR.MI
- 1D
- 0.00%
- 1M
- 5.02%
- YTD
- 9.95%
- 6M
- 11.50%
- 1Y
- 21.66%
- 3Y*
- 14.85%
- 5Y*
- 10.50%
- 10Y*
- —
IWMO.MI vs. VEUR.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 26.32% | 8.04% | 39.23% | 7.91% | -13.96% | 24.82% | 17.08% | 22.65% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 9.95% | 20.77% | 9.08% | 16.29% | -10.23% | 25.16% | -2.48% | 19.57% |
Correlation
The correlation between IWMO.MI and VEUR.MI is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.67 |
The correlation between IWMO.MI and VEUR.MI has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWMO.MI vs. VEUR.MI — Risk / Return Rank
IWMO.MI
VEUR.MI
IWMO.MI vs. VEUR.MI - 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 Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI). 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 | VEUR.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 2.28 | +1.97 |
| Martin ratioReturn relative to average drawdown | 16.34 | 8.69 | +7.66 |
Loading charts...
Drawdowns
IWMO.MI vs. VEUR.MI - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, smaller than the maximum VEUR.MI drawdown of -35.22%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and VEUR.MI.
Loading charts...
Drawdown Indicators
| IWMO.MI | VEUR.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -35.22% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -9.58% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -16.36% | -7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -20.33% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -4.72% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.51% | -0.17% |
Volatility
IWMO.MI vs. VEUR.MI - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a higher volatility of 6.03% compared to Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) at 3.45%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than VEUR.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWMO.MI | VEUR.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 3.45% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 15.01% | 10.76% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 12.94% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 14.51% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 16.42% | +1.20% |
IWMO.MI vs. VEUR.MI - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is higher than VEUR.MI's 0.10% 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. VEUR.MI - Dividend Comparison
IWMO.MI has not paid dividends to shareholders, while VEUR.MI's dividend yield for the trailing twelve months is around 4.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 4.10% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% |
Frequently Asked Questions
IWMO.MI and VEUR.MI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.MI is cheaper with a 0.10% expense ratio, compared with 0.25% for IWMO.MI.
IWMO.MI is categorized as Momentum, while VEUR.MI is Europe Equities. IWMO.MI tracks MSCI World Momentum Index, while VEUR.MI tracks FTSE Developed Europe Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IWMO.MI and 0.10% for VEUR.MI.
Find the right allocation for IWMO.MI and VEUR.MI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer