LDO.MI vs. IWMO.MI
LDO.MI (Leonardo S.p.A.) is a stock, while IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) is Momentum fund tracking the MSCI World Momentum Index. Over the past 10 years, LDO.MI returned 19.15%/yr vs 15.31%/yr for IWMO.MI. At a 0.33 correlation, their price movements are largely independent.
Performance
LDO.MI vs. IWMO.MI - Performance Comparison
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Returns By Period
In the year-to-date period, LDO.MI achieves a 4.27% return, which is significantly lower than IWMO.MI's 22.51% return. Over the past 10 years, LDO.MI has outperformed IWMO.MI with an annualized return of 19.15%, while IWMO.MI has yielded a comparatively lower 15.31% annualized return.
LDO.MI
- 1D
- 0.77%
- 1M
- -3.79%
- YTD
- 4.27%
- 6M
- 8.26%
- 1Y
- -2.46%
- 3Y*
- 72.08%
- 5Y*
- 49.78%
- 10Y*
- 19.15%
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%
LDO.MI vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDO.MI Leonardo S.p.A. | 4.27% | 91.71% | 75.81% | 87.64% | 29.81% | 6.60% | -42.19% | 38.03% | -21.39% | -24.95% |
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% |
Correlation
The correlation between LDO.MI and IWMO.MI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.33 |
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Return for Risk
LDO.MI vs. IWMO.MI — Risk / Return Rank
LDO.MI
IWMO.MI
LDO.MI vs. IWMO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leonardo S.p.A. (LDO.MI) 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.
| LDO.MI | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.50 | -3.60 |
| Martin ratioReturn relative to average drawdown | -0.21 | 13.36 | -13.57 |
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
| LDO.MI | IWMO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 1.87 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.38 | 0.84 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.90 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.80 | -0.62 |
Drawdowns
LDO.MI vs. IWMO.MI - Drawdown Comparison
The maximum LDO.MI drawdown since its inception was -90.12%, which is greater than IWMO.MI's maximum drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for LDO.MI and IWMO.MI.
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Drawdown Indicators
| LDO.MI | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.12% | -31.03% | -59.09% |
Max Drawdown (1Y)Largest decline over 1 year | -23.76% | -9.04% | -14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -23.76% | -23.45% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -33.70% | -23.45% | -10.25% |
Max Drawdown (10Y)Largest decline over 10 years | -73.16% | -31.03% | -42.13% |
Current DrawdownCurrent decline from peak | -20.23% | -0.90% | -19.33% |
Average DrawdownAverage peak-to-trough decline | -52.87% | -5.88% | -46.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.58% | 2.37% | +9.21% |
Volatility
LDO.MI vs. IWMO.MI - Volatility Comparison
Leonardo S.p.A. (LDO.MI) has a higher volatility of 10.58% compared to iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) at 5.79%. This indicates that LDO.MI's price experiences larger fluctuations and is considered to be riskier than IWMO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDO.MI | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 5.79% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 29.75% | 14.18% | +15.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.24% | 16.87% | +24.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.63% | 17.29% | +18.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.73% | 17.60% | +20.13% |
Dividends
LDO.MI vs. IWMO.MI - Dividend Comparison
LDO.MI's dividend yield for the trailing twelve months is around 1.01%, while IWMO.MI has not paid dividends to shareholders.
| 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% |
LDO.MI Leonardo S.p.A. | 1.01% | 1.06% | 1.08% | 0.94% | 1.74% | 0.00% | 2.37% | 1.34% | 1.82% | 1.41% |
Frequently Asked Questions
LDO.MI and IWMO.MI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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