IWQU.L vs. IWMO.MI

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI World Quality Factor UCITS (IWQU.L) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI).

IWQU.L and IWMO.MI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWQU.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 3, 2014. IWMO.MI is a passively managed fund by iShares that tracks the performance of the MSCI World Momentum Index. It was launched on Oct 3, 2014. Both IWQU.L and IWMO.MI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IWQU.L vs. IWMO.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Quality Factor UCITS (IWQU.L) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI). The values are adjusted to include any dividend payments, if applicable.

IWQU.L vs. IWMO.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWQU.L iShares MSCI World Quality Factor UCITS	-1.72%	15.28%	17.38%	25.66%	-19.26%	23.70%	14.95%	29.64%	-7.53%	23.57%
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	-2.68%	21.97%	31.27%	11.32%	-18.70%	14.97%	28.52%	28.37%	-4.32%	32.46%

Different Trading Currencies

IWQU.L is traded in USD, while IWMO.MI is traded in EUR. To make them comparable, the IWMO.MI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWQU.L achieves a -1.72% return, which is significantly higher than IWMO.MI's -2.68% return. Over the past 10 years, IWQU.L has underperformed IWMO.MI with an annualized return of 11.42%, while IWMO.MI has yielded a comparatively higher 13.45% annualized return.

IWQU.L

• 1D: -0.43%
• 1M: -3.30%
• YTD: -1.72%
• 6M: 1.37%
• 1Y: 15.39%
• 3Y*: 15.75%
• 5Y*: 9.59%
• 10Y*: 11.42%

IWMO.MI

• 1D: -0.84%
• 1M: -1.24%
• YTD: -2.68%
• 6M: -0.49%
• 1Y: 18.81%
• 3Y*: 19.84%
• 5Y*: 9.72%
• 10Y*: 13.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWQU.L vs. IWMO.MI - Expense Ratio Comparison

IWQU.L has a 0.30% expense ratio, which is higher than IWMO.MI's 0.25% expense ratio.

IWQU.L

iShares MSCI World Quality Factor UCITS

IWMO.MI

iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)

Return for Risk

IWQU.L vs. IWMO.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWQU.L

IWQU.L Risk / Return Rank: 62
IWQU.L Sharpe Ratio Rank: 55
IWQU.L Sortino Ratio Rank: 54
IWQU.L Omega Ratio Rank: 54
IWQU.L Calmar Ratio Rank: 72
IWQU.L Martin Ratio Rank: 75

IWMO.MI

IWMO.MI Risk / Return Rank: 34
IWMO.MI Sharpe Ratio Rank: 29
IWMO.MI Sortino Ratio Rank: 29
IWMO.MI Omega Ratio Rank: 29
IWMO.MI Calmar Ratio Rank: 41
IWMO.MI Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWQU.L vs. IWMO.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWQU.L) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.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.

	IWQU.L	IWMO.MI	Difference
Sharpe ratio Return per unit of total volatility	1.05	0.91	+0.14
Sortino ratio Return per unit of downside risk	1.52	1.41	+0.12
Omega ratio Gain probability vs. loss probability	1.22	1.19	+0.02
Calmar ratio Return relative to maximum drawdown	2.17	1.63	+0.54
Martin ratio Return relative to average drawdown	9.12	6.54	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWQU.L vs. IWMO.MI - Sharpe Ratio Comparison

The current IWQU.L Sharpe Ratio is 1.05, which is comparable to the IWMO.MI Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of IWQU.L and IWMO.MI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IWQU.L	IWMO.MI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	0.91	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.53	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.78	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.70	+0.03

Correlation

The correlation between IWQU.L and IWMO.MI is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IWQU.L vs. IWMO.MI - Dividend Comparison

Neither IWQU.L nor IWMO.MI has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IWQU.L vs. IWMO.MI - Drawdown Comparison

The maximum IWQU.L drawdown since its inception was -33.05%, roughly equal to the maximum IWMO.MI drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for IWQU.L and IWMO.MI.

Drawdown Indicators

	IWQU.L	IWMO.MI	Difference
Max Drawdown Largest peak-to-trough decline	-33.05%	-31.03%	-2.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.56%	-9.04%	+0.48%
Max Drawdown (5Y) Largest decline over 5 years	-27.70%	-23.45%	-4.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.05%	-31.03%	-2.02%
Current Drawdown Current decline from peak	-6.09%	-5.14%	-0.95%
Average Drawdown Average peak-to-trough decline	-4.75%	-5.96%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.57%	-0.54%

Volatility

IWQU.L vs. IWMO.MI - Volatility Comparison

The current volatility for iShares MSCI World Quality Factor UCITS (IWQU.L) is 5.01%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 7.99%. This indicates that IWQU.L experiences smaller price fluctuations and is considered to be less risky than IWMO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWQU.L	IWMO.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	7.99%	-2.98%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	13.86%	-5.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.59%	20.70%	-6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	18.25%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	18.09%	-2.28%