ABFL vs. MTUM

Last updated Jun 4, 2026

ABFL (Abacus FCF Leaders ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - ABFL is a Large Cap Blend Equities fund actively managed by Abacus, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. ABFL is actively managed, while MTUM is passively managed. Over the past 5 years, ABFL returned 12.77%/yr vs 15.21%/yr for MTUM. Their correlation of 0.86 suggests significant overlap in exposure. ABFL charges 0.49%/yr vs 0.15%/yr for MTUM.

Performance

ABFL vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abacus FCF Leaders ETF (ABFL) and iShares MSCI USA Momentum Factor ETF (MTUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABFL achieves a 17.63% return, which is significantly lower than MTUM's 31.75% return.

ABFL

• 1D: 0.02%
• 1M: 6.04%
• YTD: 17.63%
• 6M: 17.18%
• 1Y: 20.72%
• 3Y*: 19.01%
• 5Y*: 12.77%
• 10Y*: —

MTUM

• 1D: 1.06%
• 1M: 15.90%
• YTD: 31.75%
• 6M: 32.38%
• 1Y: 41.76%
• 3Y*: 34.75%
• 5Y*: 15.21%
• 10Y*: 17.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABFL vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABFL Abacus FCF Leaders ETF	17.63%	8.07%	18.26%	22.97%	-14.60%	30.66%	18.30%	26.03%	-6.26%	15.23%
MTUM iShares MSCI USA Momentum Factor ETF	31.75%	22.15%	32.89%	9.15%	-18.27%	13.36%	29.86%	27.25%	-1.67%	12.68%

Correlation

The correlation between ABFL and MTUM is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Aug 25, 2017	0.86

The correlation between ABFL and MTUM has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

ABFL vs. MTUM - Sectors Allocation Comparison

Sectors	ABFL	MTUM
Technology	35.2%	44.4%
Industrials	20.9%	15.6%
Healthcare	12.5%	6.9%
Energy	7.9%	3.5%
Consumer Defensive	7.3%	3.3%
Consumer Cyclical	6.3%	3.6%
Basic Materials	4.3%	1.7%
Communication Services	2.9%	7.4%
Financial Services	2.8%	10.4%
Real Estate	-	1.8%
Utilities	-	1.6%

Return for Risk

ABFL vs. MTUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABFL

ABFL Risk / Return Rank: 45
ABFL Sharpe Ratio Rank: 38
ABFL Sortino Ratio Rank: 37
ABFL Omega Ratio Rank: 36
ABFL Calmar Ratio Rank: 59
ABFL Martin Ratio Rank: 55

MTUM

MTUM Risk / Return Rank: 67
MTUM Sharpe Ratio Rank: 64
MTUM Sortino Ratio Rank: 62
MTUM Omega Ratio Rank: 63
MTUM Calmar Ratio Rank: 71
MTUM Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABFL vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Leaders ETF (ABFL) 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.

	ABFL	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.20	-0.84
Sortino ratio: Return per unit of downside risk	1.91	2.98	-1.06
Omega ratio: Gain probability vs. loss probability	1.24	1.39	-0.16
Calmar ratio: Return relative to maximum drawdown	2.90	3.64	-0.73
Martin ratio: Return relative to average drawdown	9.41	14.50	-5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABFL vs. MTUM - Sharpe Ratio Comparison

The current ABFL Sharpe Ratio is 1.36, which is lower than the MTUM Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of ABFL and MTUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABFL	MTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	2.20	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.74	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.85	-0.06

Drawdowns

ABFL vs. MTUM - Drawdown Comparison

The maximum ABFL drawdown since its inception was -34.95%, roughly equal to the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for ABFL and MTUM.

Drawdown Indicators

	ABFL	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-34.08%	-0.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-11.54%	+4.37%
Max Drawdown (3Y) Largest decline over 3 years	-19.92%	-20.99%	+1.07%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-32.28%	+10.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.99%	-6.21%	+1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.89%	-0.68%

Volatility

ABFL vs. MTUM - Volatility Comparison

The current volatility for Abacus FCF Leaders ETF (ABFL) is 4.48%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.68%. This indicates that ABFL experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABFL	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	7.68%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	16.46%	-4.76%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	19.04%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	20.60%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	21.03%	-2.32%

ABFL vs. MTUM - Expense Ratio Comparison

ABFL has a 0.49% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

ABFL vs. MTUM - Dividend Comparison

ABFL's dividend yield for the trailing twelve months is around 0.53%, less than MTUM's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABFL Abacus FCF Leaders ETF	0.53%	0.62%	0.70%	0.94%	1.36%	9.63%	0.41%	0.72%	0.62%	0.40%	0.00%	0.00%
MTUM iShares MSCI USA Momentum Factor ETF	0.60%	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

Can I hold both ABFL and MTUM in my portfolio?

ABFL and MTUM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABFL or MTUM?

MTUM has higher volatility (7.68%) compared to ABFL (4.48%). In terms of maximum drawdown, ABFL dropped -34.95% vs MTUM's -34.08%.

Which ETF is better, ABFL or MTUM?

On 5-year performance, MTUM leads with 15.21% vs 12.77% for ABFL. On fees, MTUM is cheaper at 0.15% per year. On volatility, ABFL has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ABFL or MTUM?

Over the 5-year period, MTUM has performed better with a 15.21% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ABFL or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.49% for ABFL.

Which ETF pays a higher dividend yield, ABFL or MTUM?

MTUM has the higher dividend yield at 0.60%, compared with 0.53% for ABFL.

What is the main difference between ABFL and MTUM?

ABFL is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Abacus and iShares. Their fees differ too: 0.49% for ABFL and 0.15% for MTUM.

Which has better risk-adjusted returns?

MTUM currently has the higher Sharpe Ratio (2.20 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.