PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IWSZ.L vs. XMMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWSZ.L vs. XMMO

Last updated Jun 5, 2026

IWSZ.L (iShares MSCI World Mid-Cap Equal Weight UCITS ETF) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - IWSZ.L is a Mid Cap Blend Equities fund tracking the MSCI World Mid-Cap Equal Weighted Index, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past 10 years, IWSZ.L returned 8.20%/yr vs 19.68%/yr for XMMO. A 0.51 correlation means they provide meaningful diversification when combined. IWSZ.L charges 0.30%/yr vs 0.35%/yr for XMMO.

Performance

IWSZ.L vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Mid-Cap Equal Weight UCITS ETF (IWSZ.L) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IWSZ.L achieves a 6.23% return, which is significantly lower than XMMO's 24.24% return. Over the past 10 years, IWSZ.L has underperformed XMMO with an annualized return of 8.20%, while XMMO has yielded a comparatively higher 19.68% annualized return.

IWSZ.L

1D
0.37%
1M
1.26%
YTD
6.23%
6M
8.11%
1Y
16.93%
3Y*
14.68%
5Y*
5.43%
10Y*
8.20%

XMMO

1D
0.42%
1M
5.53%
YTD
24.24%
6M
24.41%
1Y
38.04%
3Y*
32.57%
5Y*
16.79%
10Y*
19.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWSZ.L vs. XMMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWSZ.L
iShares MSCI World Mid-Cap Equal Weight UCITS ETF		6.23%21.40%5.93%16.04%-17.96%12.56%10.79%23.39%-14.41%24.35%
XMMO
Invesco S&P MidCap Momentum ETF		24.24%13.04%38.03%20.39%-16.02%16.69%29.17%36.78%6.12%37.18%

Correlation

The correlation between IWSZ.L and XMMO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.51

The correlation between IWSZ.L and XMMO has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.

IWSZ.L vs. XMMO - Sectors Allocation Comparison

Sectors
IWSZ.L
XMMO

Industrials

21.7%
41.1%

Financial Services

14.1%
2.4%

Technology

11.5%
16.7%

Consumer Cyclical

9.8%
4.6%

Healthcare

7.2%
6.3%

Basic Materials

7.1%
7.2%

Real Estate

6.9%
6.1%

Consumer Defensive

6.6%
0.5%

Utilities

6.5%
5.8%

Communication Services

4.7%
1.6%

Energy

3.8%
7.7%

Industrials

IWSZ.L
21.7%
XMMO
41.1%

Financial Services

IWSZ.L
14.1%
XMMO
2.4%

Technology

IWSZ.L
11.5%
XMMO
16.7%

Consumer Cyclical

IWSZ.L
9.8%
XMMO
4.6%

Healthcare

IWSZ.L
7.2%
XMMO
6.3%

Basic Materials

IWSZ.L
7.1%
XMMO
7.2%

Real Estate

IWSZ.L
6.9%
XMMO
6.1%

Consumer Defensive

IWSZ.L
6.6%
XMMO
0.5%

Utilities

IWSZ.L
6.5%
XMMO
5.8%

Communication Services

IWSZ.L
4.7%
XMMO
1.6%

Energy

IWSZ.L
3.8%
XMMO
7.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Mid-Cap Equal Weight UCITS ETF

Invesco S&P MidCap Momentum ETF

Often compared with IWSZ.L:
IWSZ.L vs. IWMO.LIWSZ.L vs. JEPQ.LIWSZ.L vs. IWQU.LIWSZ.L vs. IWVL.LIWSZ.L vs. SGLN.LIWSZ.L vs. CNDX.LIWSZ.L vs. MVOL.L
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. MTUMXMMO vs. QMOMXMMO vs. SPGPXMMO vs. RFV

Return for Risk

IWSZ.L vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWSZ.L
IWSZ.L Risk / Return Rank: 4141
Overall Rank
IWSZ.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IWSZ.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
IWSZ.L Omega Ratio Rank: 4141
Omega Ratio Rank
IWSZ.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
IWSZ.L Martin Ratio Rank: 4242
Martin Ratio Rank
XMMO
XMMO Risk / Return Rank: 7171
Overall Rank
XMMO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 6262
Sortino Ratio Rank
XMMO Omega Ratio Rank: 5959
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8585
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8787
Martin Ratio Rank
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.

IWSZ.L vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Mid-Cap Equal Weight UCITS ETF (IWSZ.L) and Invesco S&P MidCap Momentum ETF (XMMO). 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.

IWSZ.LXMMODifference
Sharpe ratioReturn per unit of total volatility
1.45
2.04

-0.59

Sortino ratioReturn per unit of downside risk
2.16
2.84

-0.68

Omega ratioGain probability vs. loss probability

1.26

1.36

-0.09

Calmar ratioReturn relative to maximum drawdown

1.76

4.58

-2.83

Martin ratioReturn relative to average drawdown

6.67

18.73

-12.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWSZ.L vs. XMMO - Sharpe Ratio Comparison

The current IWSZ.L Sharpe Ratio is 1.45, which is comparable to the XMMO Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of IWSZ.L and XMMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IWSZ.LXMMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.45

2.04

-0.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.79

-0.45

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.89

-0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.58

-0.11

Drawdowns

IWSZ.L vs. XMMO - Drawdown Comparison

The maximum IWSZ.L drawdown since its inception was -38.11%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for IWSZ.L and XMMO.

Loading charts...

Drawdown Indicators

IWSZ.LXMMODifference

Max Drawdown

Largest peak-to-trough decline

-38.11%

-55.37%

+17.26%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-8.34%

-1.25%

Max Drawdown (3Y)

Largest decline over 3 years

-14.12%

-24.93%

+10.81%

Max Drawdown (5Y)

Largest decline over 5 years

-30.13%

-27.91%

-2.22%

Max Drawdown (10Y)

Largest decline over 10 years

-38.11%

-36.74%

-1.37%

Current Drawdown

Current decline from peak

-0.96%

0.00%

-0.96%

Average Drawdown

Average peak-to-trough decline

-6.93%

-9.45%

+2.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

2.04%

+0.49%

Volatility

IWSZ.L vs. XMMO - Volatility Comparison

The current volatility for iShares MSCI World Mid-Cap Equal Weight UCITS ETF (IWSZ.L) is 3.55%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 7.69%. This indicates that IWSZ.L experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IWSZ.LXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.55%

7.69%

-4.14%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

15.51%

-6.60%

Volatility (1Y)

Calculated over the trailing 1-year period

11.61%

18.70%

-7.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.01%

21.44%

-5.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.53%

22.26%

-5.73%

IWSZ.L vs. XMMO - Expense Ratio Comparison

IWSZ.L has a 0.30% expense ratio, which is lower than XMMO's 0.35% expense ratio.

Dividends

IWSZ.L vs. XMMO - Dividend Comparison

IWSZ.L has not paid dividends to shareholders, while XMMO's dividend yield for the trailing twelve months is around 0.60%.

PositionTTM20252024202320222021202020192018201720162015
IWSZ.L
iShares MSCI World Mid-Cap Equal Weight UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XMMO
Invesco S&P MidCap Momentum ETF		0.60%0.78%0.34%0.80%1.43%0.41%0.61%0.60%0.19%0.21%0.22%0.64%

Frequently Asked Questions

IWSZ.L and XMMO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWSZ.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWSZ.L is cheaper with a 0.30% expense ratio, compared with 0.35% for XMMO.

IWSZ.L is categorized as Mid Cap Blend Equities, while XMMO is Momentum. IWSZ.L tracks MSCI World Mid-Cap Equal Weighted Index, while XMMO tracks S&P MidCap 400 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for IWSZ.L and 0.35% for XMMO.

Portfolio Optimizer

Find the right allocation for IWSZ.L and XMMO

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