SP5.PA vs. IWMO.MI
SP5.PA (Amundi S&P 500 UCITS ETF - Dist EUR) and IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - SP5.PA is a S&P 500 fund tracking the S&P 500 Index, while IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, SP5.PA returned 15.18%/yr vs 15.31%/yr for IWMO.MI. Their correlation of 0.80 suggests significant overlap in exposure. SP5.PA charges 0.05%/yr vs 0.25%/yr for IWMO.MI.
Performance
SP5.PA vs. IWMO.MI - Performance Comparison
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Returns By Period
In the year-to-date period, SP5.PA achieves a 11.61% return, which is significantly lower than IWMO.MI's 22.51% return. Both investments have delivered pretty close results over the past 10 years, with SP5.PA having a 15.18% annualized return and IWMO.MI not far ahead at 15.31%.
SP5.PA
- 1D
- -0.13%
- 1M
- 5.23%
- YTD
- 11.61%
- 6M
- 11.49%
- 1Y
- 25.83%
- 3Y*
- 19.03%
- 5Y*
- 14.95%
- 10Y*
- 15.18%
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%
SP5.PA vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR | 11.61% | 4.06% | 34.08% | 22.28% | -13.91% | 40.50% | 7.97% | 33.38% | -0.25% | 7.00% |
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 SP5.PA and IWMO.MI is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.80 |
The correlation between SP5.PA and IWMO.MI has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
SP5.PA vs. IWMO.MI — Risk / Return Rank
SP5.PA
IWMO.MI
SP5.PA vs. IWMO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) 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.
| SP5.PA | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.34 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.50 | +0.10 |
| Martin ratioReturn relative to average drawdown | 12.87 | 13.36 | -0.48 |
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
| SP5.PA | IWMO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 1.87 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.84 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.90 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.80 | +0.12 |
Drawdowns
SP5.PA vs. IWMO.MI - Drawdown Comparison
The maximum SP5.PA drawdown since its inception was -33.67%, 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 SP5.PA and IWMO.MI.
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Drawdown Indicators
| SP5.PA | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -31.03% | -2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -9.04% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -23.28% | -23.45% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.28% | -23.45% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -31.03% | -2.64% |
Current DrawdownCurrent decline from peak | -0.44% | -0.90% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -5.88% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.37% | -0.38% |
Volatility
SP5.PA vs. IWMO.MI - Volatility Comparison
The current volatility for Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) is 2.64%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 5.79%. This indicates that SP5.PA experiences smaller price fluctuations and is considered to be less risky 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
| SP5.PA | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 5.79% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 14.18% | -6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 16.87% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 17.29% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 17.60% | -1.53% |
SP5.PA vs. IWMO.MI - Expense Ratio Comparison
SP5.PA has a 0.05% expense ratio, which is lower than IWMO.MI'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
SP5.PA vs. IWMO.MI - Dividend Comparison
SP5.PA's dividend yield for the trailing twelve months is around 0.89%, while IWMO.MI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR | 0.89% | 1.00% | 1.20% | 1.05% | 2.12% | 1.09% | 1.55% | 1.64% | 1.93% | 1.76% | 1.89% | 2.03% |
Frequently Asked Questions
SP5.PA and IWMO.MI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SP5.PA is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SP5.PA is cheaper with a 0.05% expense ratio, compared with 0.25% for IWMO.MI.
SP5.PA is categorized as S&P 500, while IWMO.MI is Momentum. SP5.PA tracks S&P 500 Index, while IWMO.MI tracks MSCI World Momentum Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for SP5.PA and 0.25% for IWMO.MI.
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