ANEW vs. FMTM

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares MSCI Transformational Changes ETF (ANEW) and MarketDesk Focused U.S. Momentum ETF (FMTM).

ANEW and FMTM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ANEW is a passively managed fund by ProShares that tracks the performance of the MSCI Global Transformational Changes Index. It was launched on Oct 14, 2020.

Performance

ANEW vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Transformational Changes ETF (ANEW) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

ANEW vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
ANEW ProShares MSCI Transformational Changes ETF	-9.00%	9.85%
FMTM MarketDesk Focused U.S. Momentum ETF	10.10%	27.90%

Returns By Period

In the year-to-date period, ANEW achieves a -9.00% return, which is significantly lower than FMTM's 10.10% return.

ANEW

• 1D: 0.63%
• 1M: -6.94%
• YTD: -9.00%
• 6M: -11.62%
• 1Y: 2.04%
• 3Y*: 10.33%
• 5Y*: 1.88%
• 10Y*: —

FMTM

• 1D: 1.78%
• 1M: -6.27%
• YTD: 10.10%
• 6M: 17.46%
• 1Y: 39.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ANEW vs. FMTM - Expense Ratio Comparison

Both ANEW and FMTM have an expense ratio of 0.45%.

ANEW

ProShares MSCI Transformational Changes ETF

FMTM

MarketDesk Focused U.S. Momentum ETF

Return for Risk

ANEW vs. FMTM — Risk / Return Rank

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

ANEW

ANEW Risk / Return Rank: 14
ANEW Sharpe Ratio Rank: 14
ANEW Sortino Ratio Rank: 14
ANEW Omega Ratio Rank: 14
ANEW Calmar Ratio Rank: 14
ANEW Martin Ratio Rank: 15

FMTM

FMTM Risk / Return Rank: 84
FMTM Sharpe Ratio Rank: 83
FMTM Sortino Ratio Rank: 82
FMTM Omega Ratio Rank: 76
FMTM Calmar Ratio Rank: 90
FMTM Martin Ratio Rank: 90

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.

ANEW vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Transformational Changes ETF (ANEW) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	ANEW	FMTM	Difference
Sharpe ratio Return per unit of total volatility	0.11	1.68	-1.57
Sortino ratio Return per unit of downside risk	0.30	2.20	-1.90
Omega ratio Gain probability vs. loss probability	1.04	1.30	-0.26
Calmar ratio Return relative to maximum drawdown	0.14	3.23	-3.09
Martin ratio Return relative to average drawdown	0.47	12.18	-11.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANEW vs. FMTM - Sharpe Ratio Comparison

The current ANEW Sharpe Ratio is 0.11, which is lower than the FMTM Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of ANEW and FMTM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ANEW	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	1.68	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	1.71	-1.54

Correlation

The correlation between ANEW and FMTM is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ANEW vs. FMTM - Dividend Comparison

ANEW's dividend yield for the trailing twelve months is around 0.69%, more than FMTM's 0.27% yield.

	TTM	2025	2024	2023	2022	2021	2020
ANEW ProShares MSCI Transformational Changes ETF	0.69%	0.54%	1.08%	0.87%	1.05%	0.24%	0.04%
FMTM MarketDesk Focused U.S. Momentum ETF	0.27%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ANEW vs. FMTM - Drawdown Comparison

The maximum ANEW drawdown since its inception was -39.87%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for ANEW and FMTM.

Drawdown Indicators

	ANEW	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-39.87%	-12.12%	-27.75%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-12.12%	-4.00%
Max Drawdown (5Y) Largest decline over 5 years	-39.87%	—	—
Current Drawdown Current decline from peak	-13.44%	-6.27%	-7.17%
Average Drawdown Average peak-to-trough decline	-13.56%	-1.89%	-11.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	3.21%	+1.70%

Volatility

ANEW vs. FMTM - Volatility Comparison

The current volatility for ProShares MSCI Transformational Changes ETF (ANEW) is 5.44%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 10.78%. This indicates that ANEW experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANEW	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	10.78%	-5.34%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	19.28%	-8.98%
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	23.38%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.83%	23.19%	-4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	23.19%	-4.25%