ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) belongs to the Momentum category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MTUL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MTUL
MTUL charges 0.95% annually. There are 48 ETFs in the Momentum category with lower expense ratios, going as low as 0.12%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P 1500 Momentum Tilt ETF | 0.12% | 190.72M | Oct 2012 | MTUL vs MMTM | |
| JPMorgan U.S. Momentum Factor ETF | 0.12% | 2.51B | Nov 2017 | MTUL vs JMOM | |
| Invesco S&P 500 Momentum ETF | 0.13% | 21.99B | Oct 2015 | MTUL vs SPMO | |
| Vanguard U.S. Momentum Factor ETF | 0.13% | 1.70B | Feb 2018 | MTUL vs VFMO | |
| SEI Enhanced US Large Cap Momentum Factor ETF | 0.15% | 989.57M | May 2022 | MTUL vs SEIM |
Best Risk-Adjusted Alternatives to MTUL
MTUL has a PortfoliosLab risk / return rank of 63. There are 22 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 88.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 88 | 265.83M | Oct 2017 | MTUL vs ULVM | |
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 88 | 78.15M | May 2021 | MTUL vs QQQA | |
| Invesco S&P 500 Value with Momentum ETF | 85 | 110.21M | Jun 2011 | MTUL vs SPVM | |
| Invesco DWA Emerging Markets Momentum ETF | 84 | 257.92M | Dec 2007 | MTUL vs PIE | |
| MarketDesk Focused U.S. Momentum ETF | 84 | 170.29M | Mar 2025 | MTUL vs FMTM |
Top Performing MTUL Alternatives (YTD)
MTUL is at 66.24% YTD. No ETFs in the Momentum category have higher YTD returns; the top-performing alternatives shown here go as high as 65.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dorsey Wright Technology Momentum ETF | 65.59% | 851.02M | Oct 2006 | MTUL vs PTF | |
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 62.20% | 78.15M | May 2021 | MTUL vs QQQA | |
| Invesco DWA Industrials Momentum ETF | 44.48% | 472.08M | Oct 2006 | MTUL vs PRN | |
| Invesco DWA Emerging Markets Momentum ETF | 37.41% | 257.92M | Dec 2007 | MTUL vs PIE | |
| Invesco S&P Emerging Markets Momentum ETF | 35.95% | 21.60M | Feb 2012 | MTUL vs EEMO |
Lowest Volatility Alternatives to MTUL
MTUL has 47.32% 1-year volatility. There are 50 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.87%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 10.87% | 265.83M | Oct 2017 | MTUL vs ULVM | |
| Cambria Value and Momentum ETF | 11.20% | 104.56M | Sep 2015 | MTUL vs VAMO | |
| Invesco S&P 500 Value with Momentum ETF | 11.58% | 110.21M | Jun 2011 | MTUL vs SPVM | |
| First Trust Dorsey Wright Momentum & Low Volatilit... | 11.81% | 70.53M | Sep 2018 | MTUL vs DVOL | |
| Symmetry Panoramic Sector Momentum ETF | 12.77% | 43.72M | Sep 2025 | MTUL vs SMOM |
Lowest Drawdown Alternatives to MTUL
MTUL has a 1-year max drawdown of -23.86%. There are 47 ETFs in the Momentum category with shallower 1-year drawdowns, going as shallow as -5.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cambria Value and Momentum ETF | -5.55% | 104.56M | Sep 2015 | MTUL vs VAMO | |
| VictoryShares US Value Momentum ETF | -6.47% | 265.83M | Oct 2017 | MTUL vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | -6.57% | 110.21M | Jun 2011 | MTUL vs SPVM | |
| SPDR Russell 1000 Momentum Focus ETF | -7.37% | 28.67M | Dec 2015 | MTUL vs ONEO | |
| JPMorgan U.S. Momentum Factor ETF | -7.87% | 2.51B | Nov 2017 | MTUL vs JMOM |
Other ETFs from UBS
The 10 most viewed UBS ETFs shown here include GLDI, SLVO, MLPR and span 8 categories. AUM among these funds goes as high as $413M.
Often Compared With MTUL
Investors most often compare MTUL with ITB, FTEC, SMH. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare MTUL with Any Fund or Stock
Compare MTUL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MTUL with funds that move differently
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MTUL.
Explore MTUL Diversifiers