AMOM vs. MEIAX

Last updated Jun 23, 2026

AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) and MEIAX (MFS Value Fund) are both funds - AMOM is a Momentum fund actively managed by Exchange Traded Concepts, while MEIAX is a Large Cap Value Equities fund managed by MFS. Over the past 5 years, AMOM returned 12.75%/yr vs 8.76%/yr for MEIAX. A 0.55 correlation means they provide meaningful diversification when combined. AMOM charges 0.75%/yr vs 0.80%/yr for MEIAX.

Performance

AMOM vs. MEIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and MFS Value Fund (MEIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMOM achieves a 32.52% return, which is significantly higher than MEIAX's 6.36% return.

AMOM

• 1D: 2.30%
• 1M: 10.77%
• YTD: 32.52%
• 6M: 30.51%
• 1Y: 48.40%
• 3Y*: 28.43%
• 5Y*: 12.75%
• 10Y*: —

MEIAX

• 1D: -0.26%
• 1M: 1.30%
• YTD: 6.36%
• 6M: 5.64%
• 1Y: 15.73%
• 3Y*: 12.65%
• 5Y*: 8.76%
• 10Y*: 9.88%

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

AMOM vs. MEIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	32.52%	7.69%	35.79%	27.06%	-26.29%	13.08%	53.81%	9.64%
MEIAX MFS Value Fund	6.36%	12.97%	11.60%	7.92%	-6.25%	25.11%	3.71%	13.51%

Correlation

The correlation between AMOM and MEIAX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 21, 2019	0.55

Over the past year, the correlation between AMOM and MEIAX has dropped to 0.34 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

AMOM vs. MEIAX — Risk / Return Rank

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

AMOM

AMOM Risk / Return Rank: 65
AMOM Sharpe Ratio Rank: 64
AMOM Sortino Ratio Rank: 57
AMOM Omega Ratio Rank: 60
AMOM Calmar Ratio Rank: 75
AMOM Martin Ratio Rank: 71

MEIAX

MEIAX Risk / Return Rank: 34
MEIAX Sharpe Ratio Rank: 31
MEIAX Sortino Ratio Rank: 32
MEIAX Omega Ratio Rank: 28
MEIAX Calmar Ratio Rank: 42
MEIAX Martin Ratio Rank: 39

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.

AMOM vs. MEIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and MFS Value Fund (MEIAX). 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.

	AMOM	MEIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.49	+0.55
Sortino ratio: Return per unit of downside risk	2.63	2.17	+0.46
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	3.71	2.34	+1.37
Martin ratio: Return relative to average drawdown	12.88	8.04	+4.84

AMOM vs. MEIAX - Sharpe Ratio Comparison

The current AMOM Sharpe Ratio is 2.04, which is higher than the MEIAX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of AMOM and MEIAX, 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

AMOM vs. MEIAX - Drawdown Comparison

The maximum AMOM drawdown since its inception was -39.68%, smaller than the maximum MEIAX drawdown of -52.85%. Use the drawdown chart below to compare losses from any high point for AMOM and MEIAX.

Drawdown Indicators

	AMOM	MEIAX	Difference
Max Drawdown Largest peak-to-trough decline	-39.68%	-52.85%	+13.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.10%	-6.78%	-6.32%
Max Drawdown (3Y) Largest decline over 3 years	-30.26%	-13.26%	-17.00%
Max Drawdown (5Y) Largest decline over 5 years	-39.68%	-17.72%	-21.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.71%	—
Current Drawdown Current decline from peak	0.00%	-1.42%	+1.42%
Average Drawdown Average peak-to-trough decline	-10.75%	-6.53%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	1.97%	+1.80%

Volatility

AMOM vs. MEIAX - Volatility Comparison

QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a higher volatility of 11.18% compared to MFS Value Fund (MEIAX) at 3.21%. This indicates that AMOM's price experiences larger fluctuations and is considered to be riskier than MEIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMOM	MEIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.18%	3.21%	+7.97%
Volatility (6M) Calculated over the trailing 6-month period	19.18%	7.89%	+11.29%
Volatility (1Y) Calculated over the trailing 1-year period	23.92%	10.65%	+13.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.18%	13.94%	+10.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.17%	16.56%	+8.61%

AMOM vs. MEIAX - Expense Ratio Comparison

AMOM has a 0.75% expense ratio, which is lower than MEIAX's 0.80% expense ratio.

Dividends

AMOM vs. MEIAX - Dividend Comparison

AMOM's dividend yield for the trailing twelve months is around 0.07%, less than MEIAX's 8.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.07%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%	0.00%	0.00%	0.00%	0.00%
MEIAX MFS Value Fund	8.96%	9.34%	9.10%	8.21%	7.36%	3.10%	2.42%	2.97%	3.36%	3.87%	2.84%	5.73%

Frequently Asked Questions

Can I hold both AMOM and MEIAX in my portfolio?

AMOM and MEIAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMOM or MEIAX?

AMOM has higher volatility (11.18%) compared to MEIAX (3.21%). In terms of maximum drawdown, AMOM dropped -39.68% vs MEIAX's -52.85%.

Which has better risk-adjusted returns?

AMOM currently has the higher Sharpe Ratio (2.04 vs 1.49), 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.