QMOM vs. IWMO.L

Last updated Apr 2, 2026

Compare and contrast key facts about Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L).

QMOM and IWMO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QMOM is an actively managed fund by Alpha Architect. It was launched on Dec 2, 2015. IWMO.L is a passively managed fund by iShares that tracks the performance of the MSCI World Momentum Index. It was launched on Oct 3, 2014.

Performance

QMOM vs. IWMO.L - Performance Comparison

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

QMOM vs. IWMO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QMOM Alpha Architect U.S. Quantitative Momentum ETF	6.82%	2.36%	30.43%	9.50%	-6.99%	-4.06%	61.94%	28.39%	-11.75%	15.92%
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)	-1.25%	21.04%	30.50%	11.96%	-17.97%	14.13%	28.58%	27.14%	-3.85%	32.09%

Returns By Period

In the year-to-date period, QMOM achieves a 6.82% return, which is significantly higher than IWMO.L's -1.25% return. Over the past 10 years, QMOM has underperformed IWMO.L with an annualized return of 12.39%, while IWMO.L has yielded a comparatively higher 13.58% annualized return.

QMOM

• 1D: 2.11%
• 1M: -5.53%
• YTD: 6.82%
• 6M: 9.12%
• 1Y: 17.89%
• 3Y*: 16.74%
• 5Y*: 6.54%
• 10Y*: 12.39%

IWMO.L

• 1D: 5.12%
• 1M: -3.55%
• YTD: -1.25%
• 6M: 0.27%
• 1Y: 20.87%
• 3Y*: 20.92%
• 5Y*: 9.92%
• 10Y*: 13.58%

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

QMOM vs. IWMO.L - Expense Ratio Comparison

QMOM has a 0.28% expense ratio, which is higher than IWMO.L's 0.25% expense ratio.

QMOM

Alpha Architect U.S. Quantitative Momentum ETF

IWMO.L

iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)

Return for Risk

QMOM vs. IWMO.L — Risk / Return Rank

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

QMOM

QMOM Risk / Return Rank: 40
QMOM Sharpe Ratio Rank: 35
QMOM Sortino Ratio Rank: 36
QMOM Omega Ratio Rank: 35
QMOM Calmar Ratio Rank: 49
QMOM Martin Ratio Rank: 46

IWMO.L

IWMO.L Risk / Return Rank: 61
IWMO.L Sharpe Ratio Rank: 57
IWMO.L Sortino Ratio Rank: 59
IWMO.L Omega Ratio Rank: 55
IWMO.L Calmar Ratio Rank: 65
IWMO.L Martin Ratio Rank: 68

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.

QMOM vs. IWMO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Momentum ETF (QMOM) 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.

	QMOM	IWMO.L	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.05	-0.35
Sortino ratio Return per unit of downside risk	1.08	1.58	-0.49
Omega ratio Gain probability vs. loss probability	1.15	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	1.33	1.71	-0.38
Martin ratio Return relative to average drawdown	4.59	7.30	-2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QMOM vs. IWMO.L - Sharpe Ratio Comparison

The current QMOM Sharpe Ratio is 0.70, which is lower than the IWMO.L Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of QMOM and IWMO.L, 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

	QMOM	IWMO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.05	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.54	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.76	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.70	-0.24

Correlation

The correlation between QMOM and IWMO.L is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QMOM vs. IWMO.L - Dividend Comparison

QMOM's dividend yield for the trailing twelve months is around 0.51%, while IWMO.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QMOM Alpha Architect U.S. Quantitative Momentum ETF	0.51%	0.54%	1.40%	0.87%	1.59%	0.12%	0.08%	0.01%	0.05%	0.13%	0.34%
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%

Drawdowns

QMOM vs. IWMO.L - Drawdown Comparison

The maximum QMOM drawdown since its inception was -39.13%, which is greater than IWMO.L's maximum drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for QMOM and IWMO.L.

Drawdown Indicators

	QMOM	IWMO.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.13%	-31.52%	-7.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.55%	-12.37%	-1.18%
Max Drawdown (5Y) Largest decline over 5 years	-27.00%	-29.63%	+2.63%
Max Drawdown (10Y) Largest decline over 10 years	-39.13%	-31.52%	-7.61%
Current Drawdown Current decline from peak	-5.53%	-5.97%	+0.44%
Average Drawdown Average peak-to-trough decline	-13.11%	-6.11%	-7.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	2.73%	+1.20%

Volatility

QMOM vs. IWMO.L - Volatility Comparison

Alpha Architect U.S. Quantitative Momentum ETF (QMOM) has a higher volatility of 11.62% compared to iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) at 8.97%. This indicates that QMOM's price experiences larger fluctuations and is considered to be riskier than IWMO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMOM	IWMO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.62%	8.97%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	19.19%	14.10%	+5.09%
Volatility (1Y) Calculated over the trailing 1-year period	25.76%	19.91%	+5.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.73%	18.29%	+6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.28%	17.77%	+8.51%