AMOM vs. MTUL
AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) and MTUL (ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN) are both Momentum funds. AMOM is actively managed, while MTUL is passively managed. Over the past 5 years, AMOM returned 9.25%/yr vs 15.55%/yr for MTUL. Their correlation of 0.86 means they have usually moved in the same direction. AMOM charges 0.75%/yr vs 0.95%/yr for MTUL.
Performance
AMOM vs. MTUL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMOM achieves a 15.87% return, which is significantly lower than MTUL's 38.03% return.
AMOM
- 1D
- 0.94%
- 1M
- -4.25%
- 6M
- 11.05%
- YTD
- 15.87%
- 1Y
- 23.53%
- 3Y*
- 20.81%
- 5Y*
- 9.25%
- 10Y*
- —
- ALL TIME*
- 16.64%
MTUL
- 1D
- 1.89%
- 1M
- -13.31%
- 6M
- 35.38%
- YTD
- 38.03%
- 1Y
- 49.92%
- 3Y*
- 45.94%
- 5Y*
- 15.55%
- 10Y*
- —
- ALL TIME*
- 14.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $150.21K | $582.70K | $376.87K | |
| $228.72K | $153.30K | $113.30K |
AMOM vs. MTUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 15.87% | 7.69% | 35.79% | 27.06% | -26.29% | 8.98% |
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 38.03% | 27.42% | 58.70% | 10.66% | -37.97% | 8.34% |
Correlation
The correlation between AMOM and MTUL is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021 | 0.86 |
The correlation between AMOM and MTUL has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMOM vs. MTUL — Risk / Return Rank
AMOM
MTUL
AMOM vs. MTUL - 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 ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL). 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 | MTUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.49 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.62 | 6.15 | -1.54 |
Loading charts...
Drawdowns
AMOM vs. MTUL - Drawdown Comparison
The maximum AMOM drawdown since its inception was -39.68%, smaller than the maximum MTUL drawdown of -56.83%. Use the drawdown chart below to compare losses from any high point for AMOM and MTUL.
Loading charts...
Drawdown Indicators
| AMOM | MTUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.68% | -56.83% | +17.15% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -32.27% | +14.24% |
Max Drawdown (3Y)Largest decline over 3 years | -30.26% | -39.15% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -39.68% | -56.83% | +17.15% |
Current DrawdownCurrent decline from peak | -12.57% | -22.74% | +10.17% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -22.29% | +11.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 7.79% | -2.89% |
Volatility
AMOM vs. MTUL - Volatility Comparison
The current volatility for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) is 11.89%, while ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) has a volatility of 26.81%. This indicates that AMOM experiences smaller price fluctuations and is considered to be less risky than MTUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMOM | MTUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.89% | 26.81% | -14.92% |
Volatility (6M)Calculated over the trailing 6-month period | 23.74% | 50.13% | -26.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.91% | 56.27% | -28.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.99% | 45.40% | -20.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 45.65% | -20.06% |
AMOM vs. MTUL - Expense Ratio Comparison
AMOM has a 0.75% expense ratio, which is lower than MTUL's 0.95% expense ratio.
Dividends
AMOM vs. MTUL - Dividend Comparison
AMOM's dividend yield for the trailing twelve months is around 0.04%, while MTUL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 0.04% | 0.09% | 0.00% | 0.47% | 0.72% | 0.74% | 24.31% | 5.51% |
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMOM and MTUL have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUL has higher volatility (26.81%) compared to AMOM (11.89%). In terms of maximum drawdown, AMOM dropped -39.68% vs MTUL's -56.83%.
On 5-year performance, MTUL leads with 15.55% vs 9.25% for AMOM. On fees, AMOM is cheaper at 0.75% per year. On volatility, AMOM has been the lower-risk option at 11.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MTUL has performed better with a 15.55% return vs 9.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMOM is cheaper with a 0.75% expense ratio, compared with 0.95% for MTUL.
AMOM has the higher dividend yield at 0.04%, compared with 0.00% for MTUL.
They also come from different issuers: Exchange Traded Concepts and UBS. Their fees differ too: 0.75% for AMOM and 0.95% for MTUL.
MTUL currently has the higher Sharpe Ratio (0.85 vs 0.81), 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.
Find the right allocation for AMOM and MTUL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer