AVSU vs. MTUM

Last updated Jun 26, 2026

AVSU (Avantis Responsible U.S. Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - AVSU is a Large Cap Blend Equities fund tracking the Russell 3000 Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 3 years, AVSU returned 21.68%/yr vs 35.42%/yr for MTUM. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

AVSU vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Responsible U.S. Equity ETF (AVSU) 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, AVSU achieves a 14.88% return, which is significantly lower than MTUM's 35.82% return.

AVSU

• 1D: 0.64%
• 1M: 0.92%
• YTD: 14.88%
• 6M: 13.40%
• 1Y: 31.03%
• 3Y*: 21.68%
• 5Y*: —
• 10Y*: —

MTUM

• 1D: 3.32%
• 1M: 8.16%
• YTD: 35.82%
• 6M: 33.08%
• 1Y: 45.28%
• 3Y*: 35.42%
• 5Y*: 15.79%
• 10Y*: 17.88%

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

AVSU vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVSU Avantis Responsible U.S. Equity ETF	14.88%	16.69%	19.16%	24.50%	-10.86%
MTUM iShares MSCI USA Momentum Factor ETF	35.82%	22.15%	32.89%	9.15%	-7.01%

Correlation

The correlation between AVSU and MTUM is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	0.82

The correlation between AVSU and MTUM has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

AVSU vs. MTUM - Sectors Allocation Comparison

Sectors	AVSU	MTUM
Technology	34.8%	50.2%
Financial Services	17.9%	5.0%
Consumer Cyclical	12.0%	2.9%
Communication Services	11.1%	5.1%
Healthcare	8.7%	3.5%
Industrials	8.4%	15.0%
Consumer Defensive	5.1%	3.7%
Basic Materials	1.2%	2.3%
Utilities	0.4%	0.6%
Real Estate	0.2%	1.3%
Energy	0.1%	10.5%

Return for Risk

AVSU vs. MTUM — Risk / Return Rank

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

AVSU

AVSU Risk / Return Rank: 78
AVSU Sharpe Ratio Rank: 80
AVSU Sortino Ratio Rank: 80
AVSU Omega Ratio Rank: 78
AVSU Calmar Ratio Rank: 70
AVSU Martin Ratio Rank: 81

MTUM

MTUM Risk / Return Rank: 77
MTUM Sharpe Ratio Rank: 75
MTUM Sortino Ratio Rank: 69
MTUM Omega Ratio Rank: 73
MTUM Calmar Ratio Rank: 84
MTUM Martin Ratio Rank: 84

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.

AVSU vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Responsible U.S. Equity ETF (AVSU) 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.

	AVSU	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.06	+0.17
Sortino ratio: Return per unit of downside risk	3.12	2.70	+0.42
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	3.10	3.94	-0.84
Martin ratio: Return relative to average drawdown	13.86	14.99	-1.13

AVSU vs. MTUM - Sharpe Ratio Comparison

The current AVSU Sharpe Ratio is 2.23, which is comparable to the MTUM Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of AVSU 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

AVSU vs. MTUM - Drawdown Comparison

The maximum AVSU drawdown since its inception was -21.67%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for AVSU and MTUM.

Drawdown Indicators

	AVSU	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-21.67%	-34.08%	+12.41%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-11.54%	+1.48%
Max Drawdown (3Y) Largest decline over 3 years	-20.16%	-20.99%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	-1.23%	-1.71%	+0.48%
Average Drawdown Average peak-to-trough decline	-5.41%	-6.19%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	3.03%	-0.79%

Volatility

AVSU vs. MTUM - Volatility Comparison

The current volatility for Avantis Responsible U.S. Equity ETF (AVSU) is 5.21%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.20%. This indicates that AVSU 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

	AVSU	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	12.20%	-6.99%
Volatility (6M) Calculated over the trailing 6-month period	11.21%	19.59%	-8.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	22.09%	-8.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	21.20%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	21.33%	-3.43%

AVSU vs. MTUM - Expense Ratio Comparison

Both AVSU and MTUM have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVSU vs. MTUM - Dividend Comparison

AVSU's dividend yield for the trailing twelve months is around 0.90%, more than MTUM's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVSU Avantis Responsible U.S. Equity ETF	0.90%	1.03%	1.22%	1.22%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MTUM iShares MSCI USA Momentum Factor ETF	0.55%	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 AVSU and MTUM in my portfolio?

AVSU and MTUM 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.

Which is riskier, AVSU or MTUM?

MTUM has higher volatility (12.20%) compared to AVSU (5.21%). In terms of maximum drawdown, AVSU dropped -21.67% vs MTUM's -34.08%.

Which ETF is better, AVSU or MTUM?

On 3-year performance, MTUM leads with 35.42% vs 21.68% for AVSU. Both ETFs have the same 0.15% expense ratio. On volatility, AVSU has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSU or MTUM?

Over the 3-year period, MTUM has performed better with a 35.42% return vs 21.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSU or MTUM?

AVSU and MTUM have the same expense ratio: 0.15% per year.

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

AVSU has the higher dividend yield at 0.90%, compared with 0.55% for MTUM.

What is the main difference between AVSU and MTUM?

AVSU is categorized as Large Cap Blend Equities, while MTUM is Momentum. AVSU tracks Russell 3000 Index, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Avantis and iShares.

Which has better risk-adjusted returns?

AVSU currently has the higher Sharpe Ratio (2.23 vs 2.06), 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.