AVUS vs. MTUM

Last updated Jul 11, 2026

AVUS (Avantis U.S. Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - AVUS is a Large Cap Blend Equities fund actively managed by Avantis, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. AVUS is actively managed, while MTUM is passively managed. Over the past 5 years, AVUS returned 12.93%/yr vs 14.53%/yr for MTUM. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

AVUS vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Equity ETF (AVUS) 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, AVUS achieves a 15.52% return, which is significantly lower than MTUM's 28.81% return.

AVUS

• 1D: 0.45%
• 1M: 4.10%
• 6M: 12.24%
• YTD: 15.52%
• 1Y: 26.34%
• 3Y*: 20.86%
• 5Y*: 12.93%
• 10Y*: —

MTUM

• 1D: 0.18%
• 1M: 5.64%
• 6M: 25.46%
• YTD: 28.81%
• 1Y: 36.38%
• 3Y*: 32.02%
• 5Y*: 14.53%
• 10Y*: 16.62%

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

AVUS vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUS Avantis U.S. Equity ETF	15.52%	16.68%	20.43%	21.77%	-13.82%	28.73%	17.58%	8.55%
MTUM iShares MSCI USA Momentum Factor ETF	28.81%	22.15%	32.89%	9.15%	-18.27%	13.36%	29.86%	5.46%

Correlation

The correlation between AVUS and MTUM is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.82

The correlation between AVUS and MTUM has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

AVUS vs. MTUM - Sectors Allocation Comparison

Sectors	AVUS	MTUM
Technology	30.5%	50.2%
Financial Services	14.5%	5.0%
Consumer Cyclical	11.4%	2.9%
Industrials	11.2%	15.0%
Communication Services	9.3%	5.1%
Healthcare	7.0%	3.5%
Energy	6.8%	10.5%
Consumer Defensive	4.2%	3.7%
Basic Materials	2.6%	2.3%
Utilities	2.3%	0.6%
Real Estate	0.1%	1.3%

Return for Risk

AVUS vs. MTUM — Risk / Return Rank

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

AVUS

AVUS Risk / Return Rank: 82
AVUS Sharpe Ratio Rank: 82
AVUS Sortino Ratio Rank: 81
AVUS Omega Ratio Rank: 80
AVUS Calmar Ratio Rank: 80
AVUS Martin Ratio Rank: 88

MTUM

MTUM Risk / Return Rank: 64
MTUM Sharpe Ratio Rank: 57
MTUM Sortino Ratio Rank: 52
MTUM Omega Ratio Rank: 58
MTUM Calmar Ratio Rank: 77
MTUM Martin Ratio Rank: 75

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.

AVUS vs. MTUM - Risk-Adjusted Trends Comparison

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

	AVUS	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.55	+0.54
Sortino ratio: Return per unit of downside risk	2.86	2.06	+0.80
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.09
Calmar ratio: Return relative to maximum drawdown	3.37	3.17	+0.20
Martin ratio: Return relative to average drawdown	14.91	11.07	+3.84

AVUS vs. MTUM - Sharpe Ratio Comparison

The current AVUS Sharpe Ratio is 2.08, which is higher than the MTUM Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of AVUS 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

AVUS vs. MTUM - Drawdown Comparison

The maximum AVUS drawdown since its inception was -37.04%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for AVUS and MTUM.

Drawdown Indicators

	AVUS	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-34.08%	-2.96%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-11.54%	+3.69%
Max Drawdown (3Y) Largest decline over 3 years	-19.74%	-20.99%	+1.25%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-32.28%	+10.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	0.00%	-6.79%	+6.79%
Average Drawdown Average peak-to-trough decline	-5.03%	-6.19%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	3.30%	-1.53%

Volatility

AVUS vs. MTUM - Volatility Comparison

The current volatility for Avantis U.S. Equity ETF (AVUS) is 4.19%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 13.16%. This indicates that AVUS 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

	AVUS	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	13.16%	-8.97%
Volatility (6M) Calculated over the trailing 6-month period	9.81%	21.45%	-11.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	23.66%	-10.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	21.52%	-4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.77%	21.50%	-0.73%

AVUS vs. MTUM - Expense Ratio Comparison

Both AVUS 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

AVUS vs. MTUM - Dividend Comparison

AVUS's dividend yield for the trailing twelve months is around 0.92%, more than MTUM's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUS Avantis U.S. Equity ETF	0.92%	1.08%	1.27%	1.41%	1.59%	1.08%	1.19%	0.35%	0.00%	0.00%	0.00%	0.00%
MTUM iShares MSCI USA Momentum Factor ETF	0.58%	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 AVUS and MTUM in my portfolio?

AVUS and MTUM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVUS or MTUM?

MTUM has higher volatility (13.16%) compared to AVUS (4.19%). In terms of maximum drawdown, AVUS dropped -37.04% vs MTUM's -34.08%.

Which ETF is better, AVUS or MTUM?

On 5-year performance, MTUM leads with 14.53% vs 12.93% for AVUS. Both ETFs have the same 0.15% expense ratio. On volatility, AVUS has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUS or MTUM?

Over the 5-year period, MTUM has performed better with a 14.53% return vs 12.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUS or MTUM?

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

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

AVUS has the higher dividend yield at 0.92%, compared with 0.58% for MTUM.

What is the main difference between AVUS and MTUM?

AVUS is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Avantis and iShares.

Which has better risk-adjusted returns?

AVUS currently has the higher Sharpe Ratio (2.08 vs 1.55), 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.