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 50 ETFs in the Momentum category with lower expense ratios, going as low as 0.12%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan U.S. Momentum Factor ETF | 0.12% | 2.50B | Nov 2017 | MTUL vs JMOM | |
| State Street SPDR S&P 1500 Momentum Tilt ETF | 0.12% | 158.22M | Oct 2012 | MTUL vs MMTM | |
| Invesco S&P 500 Momentum ETF | 0.13% | 21.05B | Oct 2015 | MTUL vs SPMO | |
| Vanguard U.S. Momentum Factor ETF | 0.13% | 2.00B | Feb 2018 | MTUL vs VFMO | |
| SEI QiM U.S. Large Cap Momentum Active ETF | 0.15% | 989.57M | May 2022 | MTUL vs SEIM |
Best Risk-Adjusted Alternatives to MTUL
MTUL has a PortfoliosLab risk / return rank of 43. There are 32 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 95 | 266.04M | Oct 2017 | MTUL vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | 94 | 130.46M | Jun 2011 | MTUL vs SPVM | |
| VictoryShares US Small Mid Cap Value Momentum ETF | 93 | 1.77B | Oct 2017 | MTUL vs USVM | |
| Invesco S&P MidCap Value with Momentum ETF | 92 | 505.02M | Mar 2005 | MTUL vs XMVM | |
| Invesco S&P SmallCap Value with Momentum ETF | 91 | 673.30M | Mar 2005 | MTUL vs XSVM |
Top Performing MTUL Alternatives (YTD)
MTUL is at 39.46% YTD. There is 1 ETF in the Momentum category with a higher YTD return, going as high as 44.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 44.44% | 69.09M | May 2021 | MTUL vs QQQA | |
| Invesco Dorsey Wright Technology Momentum ETF | 32.93% | 596.23M | Oct 2006 | MTUL vs PTF | |
| Invesco DWA Energy Momentum ETF | 30.24% | 52.45M | Oct 2006 | MTUL vs PXI | |
| Invesco DWA Emerging Markets Momentum ETF | 29.63% | 228.29M | Dec 2007 | MTUL vs PIE | |
| Invesco S&P SmallCap Value with Momentum ETF | 27.31% | 673.30M | Mar 2005 | MTUL vs XSVM |
Lowest Volatility Alternatives to MTUL
MTUL has 56.35% 1-year volatility. There are 52 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 10.77% | 266.04M | Oct 2017 | MTUL vs ULVM | |
| Cambria Value and Momentum ETF | 10.97% | 108.69M | Sep 2015 | MTUL vs VAMO | |
| Invesco S&P 500 Value with Momentum ETF | 11.35% | 130.46M | Jun 2011 | MTUL vs SPVM | |
| First Trust Dorsey Wright Momentum & Low Volatilit... | 11.84% | 73.54M | Sep 2018 | MTUL vs DVOL | |
| Symmetry Panoramic Sector Momentum ETF | 12.40% | 43.72M | Sep 2025 | MTUL vs SMOM |
Lowest Drawdown Alternatives to MTUL
MTUL has a 1-year max drawdown of -32.27%. 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% | 108.69M | Sep 2015 | MTUL vs VAMO | |
| VictoryShares US Value Momentum ETF | -6.47% | 266.04M | Oct 2017 | MTUL vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | -6.57% | 130.46M | Jun 2011 | MTUL vs SPVM | |
| SPDR Russell 1000 Momentum Focus ETF | -7.37% | 29.12M | Dec 2015 | MTUL vs ONEO | |
| JPMorgan U.S. Momentum Factor ETF | -8.02% | 2.50B | Nov 2017 | MTUL vs JMOM |
Other ETFs from UBS
The 10 most viewed UBS ETFs shown here include GLDI, SLVO, MLPR and span 10 categories. AUM among these funds goes as high as $392M.
Often Compared With MTUL
Investors most often compare MTUL with ITB, FTEC, SMH. These 20 comparison targets span 17 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