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WXM.TO vs. IDMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WXM.TO vs. IDMO

Last updated Jun 4, 2026

WXM.TO (CI Morningstar Canada Momentum Index ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both Momentum funds - WXM.TO tracks the Morningstar Canada Target Momentum Index while IDMO tracks the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, WXM.TO returned 15.24%/yr vs 12.90%/yr for IDMO. At a 0.37 correlation, their price movements are largely independent. WXM.TO charges 0.65%/yr vs 0.25%/yr for IDMO.

Performance

WXM.TO vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Morningstar Canada Momentum Index ETF (WXM.TO) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WXM.TO is traded in CAD, while IDMO is traded in USD. To make them comparable, the IDMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WXM.TO achieves a 18.83% return, which is significantly higher than IDMO's 9.11% return. Over the past 10 years, WXM.TO has outperformed IDMO with an annualized return of 15.24%, while IDMO has yielded a comparatively lower 12.90% annualized return.

WXM.TO

1D
-0.33%
1M
4.70%
YTD
18.83%
6M
22.68%
1Y
46.31%
3Y*
29.82%
5Y*
18.57%
10Y*
15.24%

IDMO

1D
-0.76%
1M
4.24%
YTD
9.11%
6M
11.78%
1Y
24.68%
3Y*
27.16%
5Y*
18.83%
10Y*
12.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WXM.TO vs. IDMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WXM.TO
CI Morningstar Canada Momentum Index ETF		18.83%38.16%33.93%3.35%-0.42%20.98%4.61%31.48%-4.88%10.06%
IDMO
Invesco S&P International Developed Momentum ETF		9.11%35.65%22.48%17.51%-5.76%13.28%19.95%19.89%-9.59%20.99%

Correlation

The correlation between WXM.TO and IDMO is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.55

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2012

0.37

The correlation between WXM.TO and IDMO shifts across timeframes, from 0.37 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.

WXM.TO vs. IDMO - Sectors Allocation Comparison

Sectors
WXM.TO
IDMO

Energy

18.5%
1.9%

Industrials

18.2%
22.6%

Financial Services

17.3%
42.4%

Basic Materials

13.5%
10.2%

Utilities

8.6%
8.4%

Consumer Cyclical

6.9%
1.4%

Consumer Defensive

6.1%
2.5%

Communication Services

6.0%
2.2%

Technology

4.9%
5.3%

Healthcare

-

1.2%

Real Estate

-

2.0%

Energy

WXM.TO
18.5%
IDMO
1.9%

Industrials

WXM.TO
18.2%
IDMO
22.6%

Financial Services

WXM.TO
17.3%
IDMO
42.4%

Basic Materials

WXM.TO
13.5%
IDMO
10.2%

Utilities

WXM.TO
8.6%
IDMO
8.4%

Consumer Cyclical

WXM.TO
6.9%
IDMO
1.4%

Consumer Defensive

WXM.TO
6.1%
IDMO
2.5%

Communication Services

WXM.TO
6.0%
IDMO
2.2%

Technology

WXM.TO
4.9%
IDMO
5.3%

Healthcare

WXM.TO

-

IDMO
1.2%

Real Estate

WXM.TO

-

IDMO
2.0%

Compare stocks, funds, or ETFs

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CI Morningstar Canada Momentum Index ETF

Invesco S&P International Developed Momentum ETF

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Often compared with IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. EFGIDMO vs. AVDSIDMO vs. AVDV

Return for Risk

WXM.TO vs. IDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WXM.TO
WXM.TO Risk / Return Rank: 8888
Overall Rank
WXM.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
WXM.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
WXM.TO Omega Ratio Rank: 8787
Omega Ratio Rank
WXM.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
WXM.TO Martin Ratio Rank: 9191
Martin Ratio Rank
IDMO
IDMO Risk / Return Rank: 4040
Overall Rank
IDMO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 3939
Sortino Ratio Rank
IDMO Omega Ratio Rank: 3838
Omega Ratio Rank
IDMO Calmar Ratio Rank: 3737
Calmar Ratio Rank
IDMO Martin Ratio Rank: 4747
Martin Ratio Rank
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.

WXM.TO vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Morningstar Canada Momentum Index ETF (WXM.TO) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

WXM.TOIDMODifference
Sharpe ratioReturn per unit of total volatility
3.10
1.55

+1.55

Sortino ratioReturn per unit of downside risk
4.00
2.25

+1.75

Omega ratioGain probability vs. loss probability

1.55

1.29

+0.26

Calmar ratioReturn relative to maximum drawdown

4.90

2.05

+2.85

Martin ratioReturn relative to average drawdown

21.82

8.81

+13.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WXM.TO vs. IDMO - Sharpe Ratio Comparison

The current WXM.TO Sharpe Ratio is 3.10, which is higher than the IDMO Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of WXM.TO and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

WXM.TOIDMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.10

1.55

+1.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.18

1.25

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.91

0.79

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.62

+0.29

Drawdowns

WXM.TO vs. IDMO - Drawdown Comparison

The maximum WXM.TO drawdown since its inception was -40.45%, which is greater than IDMO's maximum drawdown of -30.74%. Use the drawdown chart below to compare losses from any high point for WXM.TO and IDMO.

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Drawdown Indicators

WXM.TOIDMODifference

Max Drawdown

Largest peak-to-trough decline

-40.45%

-30.74%

-9.71%

Max Drawdown (1Y)

Largest decline over 1 year

-9.49%

-12.07%

+2.58%

Max Drawdown (3Y)

Largest decline over 3 years

-12.13%

-12.72%

+0.59%

Max Drawdown (5Y)

Largest decline over 5 years

-15.87%

-20.76%

+4.89%

Max Drawdown (10Y)

Largest decline over 10 years

-40.45%

-24.72%

-15.73%

Current Drawdown

Current decline from peak

-0.33%

-1.70%

+1.37%

Average Drawdown

Average peak-to-trough decline

-4.48%

-6.94%

+2.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

2.81%

-0.68%

Volatility

WXM.TO vs. IDMO - Volatility Comparison

The current volatility for CI Morningstar Canada Momentum Index ETF (WXM.TO) is 4.06%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 6.28%. This indicates that WXM.TO experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WXM.TOIDMODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

6.28%

-2.22%

Volatility (6M)

Calculated over the trailing 6-month period

11.86%

14.16%

-2.30%

Volatility (1Y)

Calculated over the trailing 1-year period

15.02%

16.02%

-1.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.85%

15.18%

+0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.78%

16.32%

+0.46%

WXM.TO vs. IDMO - Expense Ratio Comparison

WXM.TO has a 0.65% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

WXM.TO vs. IDMO - Dividend Comparison

WXM.TO's dividend yield for the trailing twelve months is around 1.15%, less than IDMO's 3.53% yield.

PositionTTM20252024202320222021202020192018201720162015
IDMO
Invesco S&P International Developed Momentum ETF		3.53%3.71%2.24%2.89%3.66%1.81%1.63%2.78%3.27%3.08%2.18%2.52%
WXM.TO
CI Morningstar Canada Momentum Index ETF		1.15%1.25%1.27%1.38%2.25%1.04%0.78%0.94%1.44%1.38%1.58%1.51%

Frequently Asked Questions

WXM.TO and IDMO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDMO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDMO is cheaper with a 0.25% expense ratio, compared with 0.65% for WXM.TO.

WXM.TO tracks Morningstar Canada Target Momentum Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: CI Global Asset Management and Invesco. Their fees differ too: 0.65% for WXM.TO and 0.25% for IDMO.

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