ACVF vs. MTUM

Last updated Jun 24, 2026

ACVF (American Conservative Values ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - ACVF is a Large Cap Blend Equities fund actively managed by Ridgeline Research LLC, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. ACVF is actively managed, while MTUM is passively managed. Over the past 5 years, ACVF returned 11.76%/yr vs 15.18%/yr for MTUM. Their correlation of 0.84 suggests significant overlap in exposure. ACVF charges 0.75%/yr vs 0.15%/yr for MTUM.

Performance

ACVF vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Conservative Values ETF (ACVF) 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, ACVF achieves a 8.21% return, which is significantly lower than MTUM's 32.00% return.

ACVF

• 1D: -1.39%
• 1M: -0.01%
• YTD: 8.21%
• 6M: 7.25%
• 1Y: 16.84%
• 3Y*: 18.14%
• 5Y*: 11.76%
• 10Y*: —

MTUM

• 1D: -4.48%
• 1M: 8.74%
• YTD: 32.00%
• 6M: 29.92%
• 1Y: 41.78%
• 3Y*: 33.87%
• 5Y*: 15.18%
• 10Y*: 17.49%

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

ACVF vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ACVF American Conservative Values ETF	8.21%	13.67%	20.56%	23.81%	-15.74%	28.84%	14.93%
MTUM iShares MSCI USA Momentum Factor ETF	32.00%	22.15%	32.89%	9.15%	-18.27%	13.36%	13.01%

Correlation

The correlation between ACVF 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	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.84

The correlation between ACVF and MTUM has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

ACVF vs. MTUM - Sectors Allocation Comparison

Sectors	ACVF	MTUM
Technology	43.0%	50.2%
Financial Services	10.9%	5.0%
Industrials	10.4%	15.0%
Consumer Cyclical	10.2%	2.9%
Healthcare	7.9%	3.5%
Consumer Defensive	5.4%	3.7%
Communication Services	4.0%	5.1%
Energy	3.1%	10.5%
Utilities	1.9%	0.6%
Real Estate	1.6%	1.3%
Basic Materials	1.5%	2.3%

Return for Risk

ACVF vs. MTUM — Risk / Return Rank

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

ACVF

ACVF Risk / Return Rank: 45
ACVF Sharpe Ratio Rank: 42
ACVF Sortino Ratio Rank: 41
ACVF Omega Ratio Rank: 40
ACVF Calmar Ratio Rank: 47
ACVF Martin Ratio Rank: 53

MTUM

MTUM Risk / Return Rank: 64
MTUM Sharpe Ratio Rank: 59
MTUM Sortino Ratio Rank: 54
MTUM Omega Ratio Rank: 59
MTUM Calmar Ratio Rank: 74
MTUM Martin Ratio Rank: 76

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.

ACVF vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Conservative Values ETF (ACVF) 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.

	ACVF	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.92	-0.52
Sortino ratio: Return per unit of downside risk	1.97	2.53	-0.57
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratio: Return relative to maximum drawdown	2.20	3.64	-1.44
Martin ratio: Return relative to average drawdown	8.61	13.91	-5.30

ACVF vs. MTUM - Sharpe Ratio Comparison

The current ACVF Sharpe Ratio is 1.40, which is comparable to the MTUM Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of ACVF 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.

Drawdowns

ACVF vs. MTUM - Drawdown Comparison

The maximum ACVF drawdown since its inception was -24.39%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for ACVF and MTUM.

Drawdown Indicators

	ACVF	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-24.39%	-34.08%	+9.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-11.54%	+3.84%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-20.99%	+4.17%
Max Drawdown (5Y) Largest decline over 5 years	-24.39%	-32.28%	+7.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	-2.67%	-4.48%	+1.81%
Average Drawdown Average peak-to-trough decline	-4.72%	-6.19%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	3.01%	-1.05%

Volatility

ACVF vs. MTUM - Volatility Comparison

The current volatility for American Conservative Values ETF (ACVF) is 4.97%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.20%. This indicates that ACVF 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

	ACVF	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	12.20%	-7.23%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	19.44%	-9.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	21.93%	-9.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	21.15%	-4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	21.31%	-5.30%

ACVF vs. MTUM - Expense Ratio Comparison

ACVF has a 0.75% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

ACVF vs. MTUM - Dividend Comparison

ACVF's dividend yield for the trailing twelve months is around 0.55%, less than MTUM's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACVF American Conservative Values ETF	0.55%	0.59%	0.59%	0.82%	0.93%	0.61%	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%
MTUM iShares MSCI USA Momentum Factor ETF	0.56%	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 ACVF and MTUM in my portfolio?

ACVF 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, ACVF or MTUM?

MTUM has higher volatility (12.20%) compared to ACVF (4.97%). In terms of maximum drawdown, ACVF dropped -24.39% vs MTUM's -34.08%.

Which ETF is better, ACVF or MTUM?

On 5-year performance, MTUM leads with 15.18% vs 11.76% for ACVF. On fees, MTUM is cheaper at 0.15% per year. On volatility, ACVF has been the lower-risk option at 4.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACVF or MTUM?

Over the 5-year period, MTUM has performed better with a 15.18% return vs 11.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACVF or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.75% for ACVF.

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

MTUM has the higher dividend yield at 0.56%, compared with 0.55% for ACVF.

What is the main difference between ACVF and MTUM?

ACVF is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Ridgeline Research LLC and iShares. Their fees differ too: 0.75% for ACVF and 0.15% for MTUM.

Which has better risk-adjusted returns?

MTUM currently has the higher Sharpe Ratio (1.92 vs 1.40), 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.