XWEM.L vs. IWFM.L
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - XWEM.L is a Global Equities fund tracking the MSCI World Momentum Low Carbon SRI Screened Select, while IWFM.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past year, XWEM.L returned 36.83% vs 36.78% for IWFM.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
XWEM.L vs. IWFM.L - Performance Comparison
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Different Trading Currencies
XWEM.L is traded in USD, while IWFM.L is traded in GBp. To make them comparable, the IWFM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XWEM.L achieves a 22.01% return, which is significantly lower than IWFM.L's 24.35% return.
XWEM.L
- 1D
- -0.15%
- 1M
- 5.82%
- YTD
- 22.01%
- 6M
- 24.55%
- 1Y
- 36.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWFM.L
- 1D
- -0.31%
- 1M
- 7.31%
- YTD
- 24.35%
- 6M
- 27.11%
- 1Y
- 36.78%
- 3Y*
- 28.69%
- 5Y*
- 14.39%
- 10Y*
- 15.94%
XWEM.L vs. IWFM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 22.01% | 21.57% | 28.83% | 9.50% |
IWFM.L iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 24.35% | 21.23% | 30.41% | 9.20% |
Correlation
The correlation between XWEM.L and IWFM.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 | 0.90 |
The correlation between XWEM.L and IWFM.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
XWEM.L vs. IWFM.L — Risk / Return Rank
XWEM.L
IWFM.L
XWEM.L vs. IWFM.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 World Momentum Factor UCITS ETF (Acc) (IWFM.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 | IWFM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.13 | -0.02 |
| Martin ratioReturn relative to average drawdown | 13.39 | 13.06 | +0.34 |
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Drawdowns
XWEM.L vs. IWFM.L - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, smaller than the maximum IWFM.L drawdown of -42.09%. Use the drawdown chart below to compare losses from any high point for XWEM.L and IWFM.L.
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Drawdown Indicators
| XWEM.L | IWFM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -42.09% | +22.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -11.70% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.82% | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.31% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -13.35% | +11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.81% | -0.07% |
Volatility
XWEM.L vs. IWFM.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) is 6.17%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a volatility of 7.28%. This indicates that XWEM.L experiences smaller price fluctuations and is considered to be less risky than IWFM.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 | IWFM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 7.28% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 16.23% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 18.50% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 23.01% | -5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 20.32% | -2.93% |
XWEM.L vs. IWFM.L - Expense Ratio Comparison
Both XWEM.L and IWFM.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XWEM.L vs. IWFM.L - Dividend Comparison
Neither XWEM.L nor IWFM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, XWEM.L and IWFM.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XWEM.L and IWFM.L have the same expense ratio: 0.25% per year.
XWEM.L is categorized as Global Equities, while IWFM.L is Momentum. XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select, while IWFM.L tracks MSCI World Momentum Index. They also come from different issuers: Xtrackers and iShares.
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