AAUS vs. MTUM
AAUS (Alpha Architect US Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - AAUS is a Large Cap Blend Equities fund actively managed by Alpha Architect, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. AAUS is actively managed, while MTUM is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
AAUS vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, AAUS achieves a 9.11% return, which is significantly lower than MTUM's 21.46% return.
AAUS
- 1D
- -0.60%
- 1M
- 0.35%
- 6M
- 8.07%
- YTD
- 9.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- -2.96%
- 1M
- -6.94%
- 6M
- 18.20%
- YTD
- 21.46%
- 1Y
- 28.30%
- 3Y*
- 28.55%
- 5Y*
- 13.65%
- 10Y*
- 15.89%
AAUS vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAUS Alpha Architect US Equity ETF | 9.11% | 10.11% |
MTUM iShares MSCI USA Momentum Factor ETF | 21.46% | 5.90% |
Correlation
The correlation between AAUS and MTUM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.79 |
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Return for Risk
AAUS vs. MTUM — Risk / Return Rank
AAUS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MTUM
AAUS vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect US Equity ETF (AAUS) and iShares MSCI USA Momentum Factor ETF (MTUM). 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.
| AAUS | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.35 | — |
| Martin ratioReturn relative to average drawdown | — | 8.08 | — |
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Drawdowns
AAUS vs. MTUM - Drawdown Comparison
The maximum AAUS drawdown since its inception was -9.13%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for AAUS and MTUM.
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Drawdown Indicators
| AAUS | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.13% | -34.08% | +24.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -1.08% | -12.11% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -6.20% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.51% | — |
Volatility
AAUS vs. MTUM - Volatility Comparison
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Volatility by Period
| AAUS | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 24.08% | -11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 21.61% | -8.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 21.55% | -8.88% |
AAUS vs. MTUM - Expense Ratio Comparison
Both AAUS and MTUM have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AAUS vs. MTUM - Dividend Comparison
AAUS's dividend yield for the trailing twelve months is around 0.34%, less than MTUM's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAUS Alpha Architect US Equity ETF | 0.34% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.61% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
Frequently Asked Questions
AAUS and MTUM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AAUS and MTUM have the same expense ratio: 0.15% per year.
MTUM has the higher dividend yield at 0.61%, compared with 0.34% for AAUS.
AAUS is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Alpha Architect and iShares.
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