TIPA.L vs. IWMO.MI
TIPA.L (Lyxor Core US TIPS (DR) UCITS ETF - Acc) and IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - TIPA.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, TIPA.L returned 0.58%/yr vs 13.74%/yr for IWMO.MI. At a 0.08 correlation, their price movements are largely independent. TIPA.L charges 0.09%/yr vs 0.25%/yr for IWMO.MI.
Performance
TIPA.L vs. IWMO.MI - Performance Comparison
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Different Trading Currencies
TIPA.L is traded in USD, while IWMO.MI is traded in EUR. To make them comparable, the IWMO.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TIPA.L achieves a 0.90% return, which is significantly lower than IWMO.MI's 21.99% return.
TIPA.L
- 1D
- 0.13%
- 1M
- -0.08%
- 6M
- 1.16%
- YTD
- 0.90%
- 1Y
- 3.52%
- 3Y*
- 4.14%
- 5Y*
- 0.58%
- 10Y*
- —
IWMO.MI
- 1D
- 0.00%
- 1M
- 3.39%
- 6M
- 20.22%
- YTD
- 21.99%
- 1Y
- 32.96%
- 3Y*
- 29.03%
- 5Y*
- 13.74%
- 10Y*
- 15.34%
TIPA.L vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TIPA.L Lyxor Core US TIPS (DR) UCITS ETF - Acc | 0.90% | 6.82% | 2.10% | 3.51% | -12.83% | 6.36% | 11.05% | 0.36% |
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 21.99% | 21.97% | 31.27% | 11.32% | -18.70% | 14.97% | 28.52% | 4.93% |
Correlation
The correlation between TIPA.L and IWMO.MI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2019 | 0.08 |
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Return for Risk
TIPA.L vs. IWMO.MI — Risk / Return Rank
TIPA.L
IWMO.MI
TIPA.L vs. IWMO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIPA.L | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.87 | -0.99 |
| Martin ratioReturn relative to average drawdown | 5.17 | 11.71 | -6.54 |
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Drawdowns
TIPA.L vs. IWMO.MI - Drawdown Comparison
The maximum TIPA.L drawdown since its inception was -15.13%, smaller than the maximum IWMO.MI drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for TIPA.L and IWMO.MI.
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Drawdown Indicators
| TIPA.L | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -31.52% | +16.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.86% | -11.57% | +9.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.63% | -19.85% | +15.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -29.89% | +14.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.52% | — |
Current DrawdownCurrent decline from peak | -1.09% | -3.73% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -6.40% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 2.83% | -2.15% |
Volatility
TIPA.L vs. IWMO.MI - Volatility Comparison
The current volatility for Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) is 0.92%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 8.11%. This indicates that TIPA.L 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
| TIPA.L | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 8.11% | -7.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 16.99% | -14.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 19.65% | -16.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.94% | 18.76% | -12.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 18.34% | -12.11% |
TIPA.L vs. IWMO.MI - Expense Ratio Comparison
TIPA.L has a 0.09% 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
TIPA.L vs. IWMO.MI - Dividend Comparison
Neither TIPA.L nor IWMO.MI has paid dividends to shareholders.
Frequently Asked Questions
TIPA.L and IWMO.MI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIPA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPA.L is cheaper with a 0.09% expense ratio, compared with 0.25% for IWMO.MI.
TIPA.L is categorized as Inflation-Protected Bonds, while IWMO.MI is Momentum. TIPA.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IWMO.MI tracks MSCI World Momentum Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.09% for TIPA.L and 0.25% for IWMO.MI.
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