iShares MSCI USA Momentum Factor Index ETF (XMTM.TO)

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The chart shows the growth of an initial investment of CA$10,000 in iShares MSCI USA Momentum Factor Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) has returned -4.57% so far this year and 11.33% over the past 12 months.

Based on dividend-adjusted daily data since Sep 17, 2019, XMTM.TO's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, your investment would double in approximately 5.5 years.

Historically, 53% of months were positive and 47% were negative. The best month was May 2025 with a return of +10.6%, while the worst month was Jan 2022 at -11.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.

On a daily basis, XMTM.TO closed higher 42% of trading days. The best single day was Apr 9, 2025 with a return of +9.4%, while the worst single day was Mar 12, 2020 at -12.7%.

iShares MSCI USA Momentum Factor Index ETF has an annualized alpha of 8.03%, beta of 0.47, and R² of 0.19 versus S&P 500 Index. Calculated based on daily prices since September 18, 2019.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.28%) than losses (93.11%) — typical of diversified or defensive assets.
• Beta of 0.47 may look defensive, but with R² of 0.19 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.19 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

XMTM.TO has an expense ratio of 0.31%, placing it in the medium range.

XMTM.TO ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) and compare them to a chosen benchmark (S&P 500 Index).

iShares MSCI USA Momentum Factor Index ETF provided a 0.64% dividend yield over the last twelve months, with an annual payout of CA$0.26 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for iShares MSCI USA Momentum Factor Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the iShares MSCI USA Momentum Factor Index 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 Index ETF was 29.01%, occurring on Jun 20, 2022. Recovery took 409 trading sessions.

The current iShares MSCI USA Momentum Factor Index ETF drawdown is 10.71%.

The chart below shows the rolling one-month volatility.