AVUV vs. MTUM

Last updated Jun 13, 2026

AVUV (Avantis US Small Cap Value ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. AVUV is actively managed, while MTUM is passively managed. Over the past 5 years, AVUV returned 11.57%/yr vs 14.96%/yr for MTUM. A 0.58 correlation means they provide meaningful diversification when combined. AVUV charges 0.25%/yr vs 0.15%/yr for MTUM.

Performance

AVUV vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Value ETF (AVUV) 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, AVUV achieves a 22.73% return, which is significantly lower than MTUM's 29.72% return.

AVUV

• 1D: 0.96%
• 1M: 5.11%
• YTD: 22.73%
• 6M: 19.51%
• 1Y: 42.12%
• 3Y*: 19.24%
• 5Y*: 11.57%
• 10Y*: —

MTUM

• 1D: 1.69%
• 1M: 5.58%
• YTD: 29.72%
• 6M: 30.51%
• 1Y: 42.02%
• 3Y*: 33.16%
• 5Y*: 14.96%
• 10Y*: 17.15%

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

AVUV vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	22.73%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%
MTUM iShares MSCI USA Momentum Factor ETF	29.72%	22.15%	32.89%	9.15%	-18.27%	13.36%	29.86%	5.46%

Correlation

The correlation between AVUV and MTUM is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.58

The correlation between AVUV and MTUM shifts across timeframes, from 0.52 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

AVUV vs. MTUM - Sectors Allocation Comparison

Sectors	AVUV	MTUM
Financial Services	25.8%	10.4%
Energy	18.2%	3.5%
Consumer Cyclical	18.0%	3.6%
Industrials	13.9%	15.6%
Technology	7.0%	44.4%
Basic Materials	4.9%	1.7%
Consumer Defensive	4.5%	3.3%
Healthcare	4.2%	6.9%
Communication Services	2.8%	7.4%
Real Estate	0.7%	1.8%
Utilities	0.1%	1.6%

Return for Risk

AVUV vs. MTUM — Risk / Return Rank

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

AVUV

AVUV Risk / Return Rank: 84
AVUV Sharpe Ratio Rank: 83
AVUV Sortino Ratio Rank: 84
AVUV Omega Ratio Rank: 77
AVUV Calmar Ratio Rank: 91
AVUV Martin Ratio Rank: 85

MTUM

MTUM Risk / Return Rank: 73
MTUM Sharpe Ratio Rank: 70
MTUM Sortino Ratio Rank: 66
MTUM Omega Ratio Rank: 70
MTUM Calmar Ratio Rank: 78
MTUM Martin Ratio Rank: 81

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.

AVUV vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) 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.

	AVUV	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.96	+0.32
Sortino ratio: Return per unit of downside risk	3.24	2.62	+0.62
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	5.06	3.55	+1.52
Martin ratio: Return relative to average drawdown	15.09	13.66	+1.43

AVUV vs. MTUM - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.28, which is comparable to the MTUM Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of AVUV 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

AVUV vs. MTUM - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for AVUV and MTUM.

Drawdown Indicators

	AVUV	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-34.08%	-15.34%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-11.54%	+3.59%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-20.99%	-7.80%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-32.28%	+3.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	0.00%	-1.55%	+1.55%
Average Drawdown Average peak-to-trough decline	-7.91%	-6.20%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.99%	-0.32%

Volatility

AVUV vs. MTUM - Volatility Comparison

The current volatility for Avantis US Small Cap Value ETF (AVUV) is 4.53%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 10.89%. This indicates that AVUV 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

	AVUV	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	10.89%	-6.36%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	18.63%	-7.29%
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	20.87%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	20.94%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.26%	21.20%	+7.06%

AVUV vs. MTUM - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is higher than MTUM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVUV vs. MTUM - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.61%, more than MTUM's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.61%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
MTUM iShares MSCI USA Momentum Factor ETF	0.61%	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 AVUV and MTUM in my portfolio?

AVUV and MTUM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVUV or MTUM?

MTUM has higher volatility (10.89%) compared to AVUV (4.53%). In terms of maximum drawdown, AVUV dropped -49.42% vs MTUM's -34.08%.

Which ETF is better, AVUV or MTUM?

On 5-year performance, MTUM leads with 14.96% vs 11.57% for AVUV. On fees, MTUM is cheaper at 0.15% per year. On volatility, AVUV has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUV or MTUM?

Over the 5-year period, MTUM has performed better with a 14.96% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUV or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.25% for AVUV.

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

AVUV has the higher dividend yield at 1.61%, compared with 0.61% for MTUM.

What is the main difference between AVUV and MTUM?

AVUV is categorized as Small Cap Value Equities, while MTUM is Momentum. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.25% for AVUV and 0.15% for MTUM.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.28 vs 1.96), 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.