MJMT.DE vs. IS3R.DE
MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) and IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both Momentum funds - MJMT.DE tracks the MSCI Europe Momentum Index while IS3R.DE tracks the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, MJMT.DE returned 11.41%/yr vs 14.66%/yr for IS3R.DE. A 0.78 correlation means they provide meaningful diversification when combined. MJMT.DE charges 0.23%/yr vs 0.25%/yr for IS3R.DE.
Performance
MJMT.DE vs. IS3R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MJMT.DE achieves a 8.02% return, which is significantly lower than IS3R.DE's 22.51% return.
MJMT.DE
- 1D
- 0.03%
- 1M
- 2.82%
- YTD
- 8.02%
- 6M
- 11.57%
- 1Y
- 17.54%
- 3Y*
- 20.41%
- 5Y*
- 11.41%
- 10Y*
- —
IS3R.DE
- 1D
- -1.01%
- 1M
- 8.60%
- YTD
- 22.51%
- 6M
- 23.56%
- 1Y
- 31.46%
- 3Y*
- 26.05%
- 5Y*
- 14.66%
- 10Y*
- 15.31%
MJMT.DE vs. IS3R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 8.02% | 27.24% | 19.93% | 13.04% | -15.57% | 22.09% | 10.97% | 31.75% | -10.54% | 11.30% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 8.37% | 37.95% | 8.09% | -13.60% | 24.50% | 16.41% | 31.50% | 0.27% | 16.07% |
Correlation
The correlation between MJMT.DE and IS3R.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.78 |
The correlation between MJMT.DE and IS3R.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
MJMT.DE vs. IS3R.DE — Risk / Return Rank
MJMT.DE
IS3R.DE
MJMT.DE vs. IS3R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE). 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.
| MJMT.DE | IS3R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.48 | -1.97 |
| Martin ratioReturn relative to average drawdown | 5.64 | 13.30 | -7.66 |
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
| MJMT.DE | IS3R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.84 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.84 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.85 | -0.15 |
Drawdowns
MJMT.DE vs. IS3R.DE - Drawdown Comparison
The maximum MJMT.DE drawdown since its inception was -31.35%, roughly equal to the maximum IS3R.DE drawdown of -30.77%. Use the drawdown chart below to compare losses from any high point for MJMT.DE and IS3R.DE.
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Drawdown Indicators
| MJMT.DE | IS3R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.35% | -30.77% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -9.01% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -23.57% | +7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | -23.57% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.77% | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.01% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -5.67% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.36% | +0.74% |
Volatility
MJMT.DE vs. IS3R.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) is 4.49%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a volatility of 5.96%. This indicates that MJMT.DE experiences smaller price fluctuations and is considered to be less risky than IS3R.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MJMT.DE | IS3R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 5.96% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 14.33% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 17.01% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 17.32% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 17.23% | -0.99% |
MJMT.DE vs. IS3R.DE - Expense Ratio Comparison
MJMT.DE has a 0.23% expense ratio, which is lower than IS3R.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MJMT.DE vs. IS3R.DE - Dividend Comparison
Neither MJMT.DE nor IS3R.DE has paid dividends to shareholders.
Frequently Asked Questions
MJMT.DE and IS3R.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MJMT.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MJMT.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for IS3R.DE.
MJMT.DE tracks MSCI Europe Momentum Index, while IS3R.DE tracks MSCI World Momentum Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.23% for MJMT.DE and 0.25% for IS3R.DE.
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