UCG.MI vs. IWMO.MI
UCG.MI (UniCredit S.p.A.) is a stock, while IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) is Momentum fund tracking the MSCI World Momentum Index. Over the past 10 years, UCG.MI returned 24.07%/yr vs 15.31%/yr for IWMO.MI. At a 0.29 correlation, their price movements are largely independent.
Performance
UCG.MI vs. IWMO.MI - Performance Comparison
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Returns By Period
In the year-to-date period, UCG.MI achieves a 7.15% return, which is significantly lower than IWMO.MI's 22.51% return. Over the past 10 years, UCG.MI has outperformed IWMO.MI with an annualized return of 24.07%, while IWMO.MI has yielded a comparatively lower 15.31% annualized return.
UCG.MI
- 1D
- 0.91%
- 1M
- 4.55%
- YTD
- 7.15%
- 6M
- 16.82%
- 1Y
- 34.51%
- 3Y*
- 67.41%
- 5Y*
- 55.82%
- 10Y*
- 24.07%
IWMO.MI
- 1D
- -0.90%
- 1M
- 6.80%
- YTD
- 22.51%
- 6M
- 23.59%
- 1Y
- 31.43%
- 3Y*
- 26.15%
- 5Y*
- 14.68%
- 10Y*
- 15.31%
UCG.MI vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCG.MI UniCredit S.p.A. | 7.15% | 94.11% | 69.12% | 94.94% | 3.81% | 79.62% | -35.32% | 34.44% | -35.34% | 13.71% |
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 UCG.MI and IWMO.MI is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.29 |
Over the past year, UCG.MI and IWMO.MI have become more correlated (0.53) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
UCG.MI vs. IWMO.MI — Risk / Return Rank
UCG.MI
IWMO.MI
UCG.MI vs. IWMO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UniCredit S.p.A. (UCG.MI) 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.
| UCG.MI | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.50 | -1.94 |
| Martin ratioReturn relative to average drawdown | 4.35 | 13.36 | -9.00 |
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
| UCG.MI | IWMO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.87 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.54 | 0.84 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.90 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.80 | -0.71 |
Drawdowns
UCG.MI vs. IWMO.MI - Drawdown Comparison
The maximum UCG.MI drawdown since its inception was -96.01%, 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 UCG.MI and IWMO.MI.
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Drawdown Indicators
| UCG.MI | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.01% | -31.03% | -64.98% |
Max Drawdown (1Y)Largest decline over 1 year | -24.17% | -9.04% | -15.13% |
Max Drawdown (3Y)Largest decline over 3 years | -24.17% | -23.45% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -46.39% | -23.45% | -22.94% |
Max Drawdown (10Y)Largest decline over 10 years | -63.31% | -31.03% | -32.28% |
Current DrawdownCurrent decline from peak | -34.27% | -0.90% | -33.37% |
Average DrawdownAverage peak-to-trough decline | -52.51% | -5.88% | -46.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.61% | 2.37% | +6.24% |
Volatility
UCG.MI vs. IWMO.MI - Volatility Comparison
UniCredit S.p.A. (UCG.MI) has a higher volatility of 6.95% compared to iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) at 5.79%. This indicates that UCG.MI's price experiences larger fluctuations and is considered to be riskier 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
| UCG.MI | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 5.79% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 24.38% | 14.18% | +10.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.01% | 16.87% | +14.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.80% | 17.29% | +18.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.07% | 17.60% | +22.47% |
Dividends
UCG.MI vs. IWMO.MI - Dividend Comparison
UCG.MI's dividend yield for the trailing twelve months is around 4.25%, 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% |
UCG.MI UniCredit S.p.A. | 4.25% | 4.10% | 7.08% | 4.02% | 4.05% | 0.89% | 8.24% | 2.07% | 3.23% | 0.00% | 4.39% | 2.34% |
Frequently Asked Questions
UCG.MI and IWMO.MI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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