XWEM.L vs. IUMO.L
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and IUMO.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc) are both exchange-traded funds - XWEM.L is a Global Equities fund tracking the MSCI World Momentum Low Carbon SRI Screened Select, while IUMO.L is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past year, XWEM.L returned 35.25% vs 42.47% for IUMO.L. Their correlation of 0.92 suggests significant overlap in exposure. XWEM.L charges 0.25%/yr vs 0.20%/yr for IUMO.L.
Performance
XWEM.L vs. IUMO.L - Performance Comparison
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Returns By Period
In the year-to-date period, XWEM.L achieves a 21.64% return, which is significantly lower than IUMO.L's 33.14% return.
XWEM.L
- 1D
- -2.50%
- 1M
- 4.24%
- YTD
- 21.64%
- 6M
- 20.97%
- 1Y
- 35.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUMO.L
- 1D
- 0.30%
- 1M
- 8.67%
- YTD
- 33.14%
- 6M
- 31.41%
- 1Y
- 42.47%
- 3Y*
- 32.57%
- 5Y*
- 14.43%
- 10Y*
- —
XWEM.L vs. IUMO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 21.64% | 21.57% | 28.83% | 9.50% |
IUMO.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc | 33.14% | 17.16% | 32.56% | 10.23% |
Correlation
The correlation between XWEM.L and IUMO.L is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.92 |
The correlation between XWEM.L and IUMO.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
XWEM.L vs. IUMO.L — Risk / Return Rank
XWEM.L
IUMO.L
XWEM.L vs. IUMO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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.
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.
| XWEM.L | IUMO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.98 | -0.77 |
| Martin ratioReturn relative to average drawdown | 13.78 | 14.91 | -1.14 |
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Drawdowns
XWEM.L vs. IUMO.L - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, smaller than the maximum IUMO.L drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for XWEM.L and IUMO.L.
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Drawdown Indicators
| XWEM.L | IUMO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -33.75% | +14.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -10.63% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.90% | — |
Current DrawdownCurrent decline from peak | -2.50% | -3.13% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -7.58% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.84% | -0.09% |
Volatility
XWEM.L vs. IUMO.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) is 6.03%, while iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) has a volatility of 8.86%. This indicates that XWEM.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
| XWEM.L | IUMO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 8.86% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 18.08% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 20.74% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 19.87% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 19.39% | -1.98% |
XWEM.L vs. IUMO.L - Expense Ratio Comparison
XWEM.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
XWEM.L vs. IUMO.L - Dividend Comparison
Neither XWEM.L nor IUMO.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, XWEM.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 XWEM.L.
XWEM.L is categorized as Global Equities, while IUMO.L is Momentum. XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select, while IUMO.L tracks MSCI USA Momentum Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWEM.L and 0.20% for IUMO.L.
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