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XDEM.L vs. IUMO.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDEM.L vs. IUMO.L

Last updated Jun 4, 2026

XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and IUMO.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc) are both Momentum funds - XDEM.L tracks the MSCI World Momentum Index while IUMO.L tracks the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, XDEM.L returned 15.08%/yr vs 15.77%/yr for IUMO.L. Their correlation of 0.85 suggests significant overlap in exposure. XDEM.L charges 0.25%/yr vs 0.20%/yr for IUMO.L.

Performance

XDEM.L vs. IUMO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) and iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XDEM.L is traded in GBp, while IUMO.L is traded in USD. To make them comparable, the IUMO.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDEM.L achieves a 23.18% return, which is significantly lower than IUMO.L's 32.57% return.

XDEM.L

1D
1.40%
1M
11.96%
YTD
23.18%
6M
24.68%
1Y
36.45%
3Y*
26.71%
5Y*
15.08%
10Y*
17.01%

IUMO.L

1D
2.00%
1M
18.30%
YTD
32.57%
6M
32.95%
1Y
43.91%
3Y*
29.84%
5Y*
15.77%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEM.L vs. IUMO.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDEM.L
Xtrackers MSCI World Momentum Factor UCITS ETF 1C		23.18%12.52%32.87%5.88%-8.06%15.61%24.14%23.37%2.28%20.40%
IUMO.L
iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc		32.57%9.75%33.79%4.34%-8.42%13.67%24.39%24.43%1.91%25.04%

Correlation

The correlation between XDEM.L and IUMO.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

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

0.93

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

0.92

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2016

0.85

The correlation between XDEM.L and IUMO.L has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

XDEM.L vs. IUMO.L - Sectors Allocation Comparison

Sectors
XDEM.L
IUMO.L

Technology

34.6%
42.9%

Industrials

20.5%
19.2%

Financial Services

18.9%
7.3%

Communication Services

7.2%
6.7%

Healthcare

6.0%
9.6%

Basic Materials

4.9%
1.9%

Utilities

2.6%
1.5%

Energy

1.8%
2.5%

Consumer Defensive

1.2%
2.2%

Consumer Cyclical

1.2%
5.1%

Real Estate

1.0%
1.1%

Technology

XDEM.L
34.6%
IUMO.L
42.9%

Industrials

XDEM.L
20.5%
IUMO.L
19.2%

Financial Services

XDEM.L
18.9%
IUMO.L
7.3%

Communication Services

XDEM.L
7.2%
IUMO.L
6.7%

Healthcare

XDEM.L
6.0%
IUMO.L
9.6%

Basic Materials

XDEM.L
4.9%
IUMO.L
1.9%

Utilities

XDEM.L
2.6%
IUMO.L
1.5%

Energy

XDEM.L
1.8%
IUMO.L
2.5%

Consumer Defensive

XDEM.L
1.2%
IUMO.L
2.2%

Consumer Cyclical

XDEM.L
1.2%
IUMO.L
5.1%

Real Estate

XDEM.L
1.0%
IUMO.L
1.1%

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Xtrackers MSCI World Momentum Factor UCITS ETF 1C

iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc

Often compared with XDEM.L:
XDEM.L vs. XDEV.LXDEM.L vs. XDEM.DEXDEM.L vs. VHVG.LXDEM.L vs. MVOL.LXDEM.L vs. XDEB.LXDEM.L vs. EXCS.LXDEM.L vs. IUMF.L
Often compared with IUMO.L:
IUMO.L vs. SPMOIUMO.L vs. IWMO.LIUMO.L vs. CSPX.LIUMO.L vs. CSKR.LIUMO.L vs. SWRD.LIUMO.L vs. R1GB.LIUMO.L vs. VOO

Return for Risk

XDEM.L vs. IUMO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDEM.L
XDEM.L Risk / Return Rank: 7373
Overall Rank
XDEM.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XDEM.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
XDEM.L Omega Ratio Rank: 6767
Omega Ratio Rank
XDEM.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
XDEM.L Martin Ratio Rank: 7979
Martin Ratio Rank
IUMO.L
IUMO.L Risk / Return Rank: 7272
Overall Rank
IUMO.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IUMO.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
IUMO.L Omega Ratio Rank: 6666
Omega Ratio Rank
IUMO.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
IUMO.L Martin Ratio Rank: 8080
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.

XDEM.L vs. IUMO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) and iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.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.

XDEM.LIUMO.LDifference
Sharpe ratioReturn per unit of total volatility
2.25
2.31

-0.06

Sortino ratioReturn per unit of downside risk
3.31
3.26

+0.06

Omega ratioGain probability vs. loss probability

1.41

1.41

-0.01

Calmar ratioReturn relative to maximum drawdown

4.03

4.70

-0.67

Martin ratioReturn relative to average drawdown

15.69

14.71

+0.98

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

XDEM.L vs. IUMO.L - Sharpe Ratio Comparison

The current XDEM.L Sharpe Ratio is 2.25, which is comparable to the IUMO.L Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of XDEM.L and IUMO.L, 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

XDEM.LIUMO.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.25

2.31

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.92

0.82

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.01

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.97

0.93

+0.04

Drawdowns

XDEM.L vs. IUMO.L - Drawdown Comparison

The maximum XDEM.L drawdown since its inception was -22.42%, smaller than the maximum IUMO.L drawdown of -25.81%. Use the drawdown chart below to compare losses from any high point for XDEM.L and IUMO.L.

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Drawdown Indicators

XDEM.LIUMO.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.42%

-25.81%

+3.39%

Max Drawdown (1Y)

Largest decline over 1 year

-9.01%

-9.26%

+0.25%

Max Drawdown (3Y)

Largest decline over 3 years

-19.99%

-22.10%

+2.11%

Max Drawdown (5Y)

Largest decline over 5 years

-20.13%

-24.52%

+4.39%

Max Drawdown (10Y)

Largest decline over 10 years

-22.42%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.99%

-7.01%

+2.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.32%

2.97%

-0.65%

Volatility

XDEM.L vs. IUMO.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) is 5.92%, while iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) has a volatility of 8.08%. This indicates that XDEM.L experiences smaller price fluctuations and is considered to be less risky than IUMO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDEM.LIUMO.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.92%

8.08%

-2.16%

Volatility (6M)

Calculated over the trailing 6-month period

13.77%

15.92%

-2.15%

Volatility (1Y)

Calculated over the trailing 1-year period

16.16%

18.83%

-2.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.41%

19.16%

-2.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.80%

20.35%

-3.55%

XDEM.L vs. IUMO.L - Expense Ratio Comparison

XDEM.L has a 0.25% expense ratio, which is higher than IUMO.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XDEM.L vs. IUMO.L - Dividend Comparison

Neither XDEM.L nor IUMO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.93, XDEM.L and IUMO.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, IUMO.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUMO.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XDEM.L.

XDEM.L tracks MSCI World Momentum Index, while IUMO.L tracks MSCI USA Momentum Index. They also come from different issuers: DWS and iShares. Their fees differ too: 0.25% for XDEM.L and 0.20% for IUMO.L.

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