- ISIN
- US46432F3964
- CUSIP
- 46432F396
- Issuer
- iShares
- Inception Date
- Apr 16, 2013
- Region
- North America (U.S.)
- Category
- Momentum, Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI USA Momentum SR Variant Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $25B
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $637.73M
Share Price Chart
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Performance
MTUM Performance Chart
iShares MSCI USA Momentum Factor ETF (MTUM) is up 19.9% since the beginning of the year. MTUM is currently trading at $300 per share. Investors who bought $1,000 worth of MTUM shares 5 years ago would now be looking at an investment worth $1,812.
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Returns By Period
iShares MSCI USA Momentum Factor ETF (MTUM) has returned 19.93% so far this year and 26.36% over the past 12 months. Looking at the last ten years, MTUM has achieved an annualized return of 15.71%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
iShares MSCI USA Momentum Factor ETF
- 1D
- 0.27%
- 1M
- -5.35%
- 6M
- 17.31%
- YTD
- 19.93%
- 1Y
- 26.36%
- 3Y*
- 27.89%
- 5Y*
- 12.62%
- 10Y*
- 15.71%
- ALL TIME*
- 15.62%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MTUM Monthly Returns History
Based on dividend-adjusted daily data since Apr 18, 2013, MTUM's average daily return is +0.07%, while the average monthly return is +1.33%. At this rate, an investment would double in approximately 4.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +18.3%, while the worst month was Apr 2022 at -12.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MTUM closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.23% | -1.15% | -5.04% | 18.33% | 11.21% | 8.68% | -12.61% | 19.93% | |||||
| 2025 | 5.90% | -0.32% | -7.22% | 3.71% | 10.45% | 4.00% | 0.40% | 1.01% | 5.47% | -0.87% | -1.56% | 0.29% | 22.15% |
| 2024 | 5.58% | 10.00% | 2.91% | -5.47% | 5.36% | 4.54% | -2.00% | 3.35% | 2.95% | -0.17% | 6.97% | -4.10% | 32.89% |
| 2023 | -0.55% | -4.04% | 0.43% | 2.39% | -4.83% | 6.88% | 1.73% | 0.31% | -4.82% | -1.62% | 9.23% | 4.76% | 9.15% |
| 2022 | -9.03% | -2.68% | 4.77% | -12.68% | -0.60% | -6.39% | 5.17% | -1.99% | -5.96% | 12.55% | 3.47% | -3.93% | -18.27% |
| 2021 | 1.59% | -0.59% | -1.19% | 7.06% | -1.06% | 1.86% | 0.92% | 4.12% | -3.47% | 8.59% | -3.95% | -0.48% | 13.36% |
Benchmark Metrics
iShares MSCI USA Momentum Factor ETF has an annualized alpha of 2.67%, beta of 1.05, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since April 18, 2013.
- This ETF captured 103.26% of S&P 500 Index gains but only 88.44% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 2.67% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.05 and R2 of 0.78, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.67%
- Beta
- 1.05
- R²
- 0.78
- Upside Capture
- 103.26%
- Downside Capture
- 88.44%
Expense Ratio
MTUM has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
MTUM ranks 41 for risk / return — above 41% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) and compare them to S&P 500 Index.
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.
| MTUM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.00 | -0.61 |
| Martin ratioReturn relative to average drawdown | 5.72 | 8.49 | -2.77 |
Dividends
Dividend History
iShares MSCI USA Momentum Factor ETF provided a 0.62% dividend yield over the last twelve months, with an annual payout of $1.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.85 | $2.27 | $1.55 | $2.11 | $2.62 | $1.00 | $1.34 | $1.85 | $1.27 | $1.05 | $1.08 | $0.82 |
Dividend yield | 0.62% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI USA Momentum Factor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.36 | $0.00 | $0.58 | |||||
| 2025 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.67 | $2.27 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.75 | $1.55 |
| 2023 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.36 | $2.11 |
| 2022 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $0.84 | $2.62 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.44 | $1.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI USA Momentum Factor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI USA Momentum Factor ETF was 34.08%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.
The current iShares MSCI USA Momentum Factor ETF drawdown is 13.22%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-34.08%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 | COVID crash2020 |
-32.28%Jun 2022 | 7mo 15d | 1y 8mo | 2y 4moNov 2021 - Mar 2024 | Bear market2022 |
-22.12%Dec 2018 | 2mo 23d | 5mo 26d | 8mo 19dOct 2018 - Jun 2019 | Rate-hike selloffLate 2018 |
-20.99%Apr 2025 | 1mo 18d | 1mo 7d | 2mo 25dFeb 2025 - May 2025 | 2025 selloff2025 |
-17.99%Jul 2026 | 1mo 6d | — | 1mo 11dJun 2026 - now | — |
Drawdown Indicators
| MTUM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -56.78% | +22.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -9.10% | -8.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.99% | -18.90% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -32.28% | -25.43% | -6.85% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -33.92% | -0.16% |
Current DrawdownCurrent decline from peak | -13.22% | -1.58% | -11.64% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -10.70% | +4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 2.14% | +2.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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