MEU.MI vs. IWMO.L
MEU.MI (Amundi MSCI Europe II UCITS ETF) and IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) are both exchange-traded funds - MEU.MI is a Europe Equities fund tracking the MSCI Europe index, while IWMO.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, MEU.MI returned 9.00%/yr vs 15.32%/yr for IWMO.L. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
MEU.MI vs. IWMO.L - Performance Comparison
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Different Trading Currencies
MEU.MI is traded in EUR, while IWMO.L is traded in USD. To make them comparable, the IWMO.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, MEU.MI achieves a 6.91% return, which is significantly lower than IWMO.L's 23.28% return. Over the past 10 years, MEU.MI has underperformed IWMO.L with an annualized return of 9.00%, while IWMO.L has yielded a comparatively higher 15.32% annualized return.
MEU.MI
- 1D
- 0.32%
- 1M
- 3.24%
- YTD
- 6.91%
- 6M
- 9.45%
- 1Y
- 15.94%
- 3Y*
- 13.53%
- 5Y*
- 9.78%
- 10Y*
- 9.00%
IWMO.L
- 1D
- -0.91%
- 1M
- 8.64%
- YTD
- 23.28%
- 6M
- 23.71%
- 1Y
- 31.62%
- 3Y*
- 26.13%
- 5Y*
- 14.68%
- 10Y*
- 15.32%
MEU.MI vs. IWMO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEU.MI Amundi MSCI Europe II UCITS ETF | 6.91% | 20.93% | 8.17% | 15.92% | -9.82% | 25.20% | -3.35% | 26.91% | -10.49% | 10.19% |
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) | 23.29% | 6.67% | 39.11% | 8.60% | -12.89% | 22.67% | 17.98% | 30.01% | 0.66% | 15.86% |
Correlation
The correlation between MEU.MI and IWMO.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.68 |
The correlation between MEU.MI and IWMO.L has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
MEU.MI vs. IWMO.L — Risk / Return Rank
MEU.MI
IWMO.L
MEU.MI vs. IWMO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe II UCITS ETF (MEU.MI) and iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L). 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.
| MEU.MI | IWMO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.33 | -1.67 |
| Martin ratioReturn relative to average drawdown | 6.05 | 13.02 | -6.97 |
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
| MEU.MI | IWMO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.77 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.82 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.85 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.82 | -0.50 |
Drawdowns
MEU.MI vs. IWMO.L - Drawdown Comparison
The maximum MEU.MI drawdown since its inception was -58.23%, which is greater than IWMO.L's maximum drawdown of -31.00%. Use the drawdown chart below to compare losses from any high point for MEU.MI and IWMO.L.
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Drawdown Indicators
| MEU.MI | IWMO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.23% | -31.00% | -27.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.46% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -22.71% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -22.71% | +3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -31.00% | -4.18% |
Current DrawdownCurrent decline from peak | -1.84% | -0.91% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -5.69% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.42% | +0.21% |
Volatility
MEU.MI vs. IWMO.L - Volatility Comparison
The current volatility for Amundi MSCI Europe II UCITS ETF (MEU.MI) is 4.18%, while iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) has a volatility of 6.14%. This indicates that MEU.MI experiences smaller price fluctuations and is considered to be less risky than IWMO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEU.MI | IWMO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 6.14% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 15.12% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 17.78% | -4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 17.95% | -3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 17.99% | -2.41% |
MEU.MI vs. IWMO.L - Expense Ratio Comparison
Both MEU.MI and IWMO.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MEU.MI vs. IWMO.L - Dividend Comparison
Neither MEU.MI nor IWMO.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEU.MI Amundi MSCI Europe II UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.70% | 3.28% | 3.78% | 3.10% | 3.37% | 3.53% |
Frequently Asked Questions
MEU.MI and IWMO.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MEU.MI and IWMO.L have the same expense ratio: 0.25% per year.
MEU.MI is categorized as Europe Equities, while IWMO.L is Momentum. MEU.MI tracks MSCI Europe index, while IWMO.L tracks MSCI World Momentum Index. They also come from different issuers: Amundi and iShares.
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