CNAV vs. MTUM
CNAV (Mohr Company Nav ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - CNAV is a Large Cap Blend Equities fund actively managed by Mohr, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. CNAV is actively managed, while MTUM is passively managed. Over the past year, CNAV returned 72.64% vs 41.76% for MTUM. Their correlation of 0.88 suggests significant overlap in exposure. CNAV charges 1.31%/yr vs 0.15%/yr for MTUM.
Performance
CNAV vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, CNAV achieves a 47.26% return, which is significantly higher than MTUM's 31.75% return.
CNAV
- 1D
- 1.11%
- 1M
- 21.60%
- YTD
- 47.26%
- 6M
- 48.02%
- 1Y
- 72.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- 1.06%
- 1M
- 15.90%
- YTD
- 31.75%
- 6M
- 32.38%
- 1Y
- 41.76%
- 3Y*
- 34.75%
- 5Y*
- 15.21%
- 10Y*
- 17.31%
CNAV vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CNAV Mohr Company Nav ETF | 47.26% | 16.80% | 6.34% |
MTUM iShares MSCI USA Momentum Factor ETF | 31.75% | 22.15% | 2.98% |
Correlation
The correlation between CNAV and MTUM is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.88 |
The correlation between CNAV and MTUM has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
CNAV vs. MTUM — Risk / Return Rank
CNAV
MTUM
CNAV vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mohr Company Nav ETF (CNAV) 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.
| CNAV | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.39 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.63 | 3.64 | +1.99 |
| Martin ratioReturn relative to average drawdown | 24.09 | 14.50 | +9.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNAV | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 2.20 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.85 | +0.77 |
Drawdowns
CNAV vs. MTUM - Drawdown Comparison
The maximum CNAV drawdown since its inception was -30.06%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for CNAV and MTUM.
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Drawdown Indicators
| CNAV | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.06% | -34.08% | +4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -11.54% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -6.21% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.89% | +0.13% |
Volatility
CNAV vs. MTUM - Volatility Comparison
Mohr Company Nav ETF (CNAV) has a higher volatility of 12.28% compared to iShares MSCI USA Momentum Factor ETF (MTUM) at 7.68%. This indicates that CNAV's price experiences larger fluctuations and is considered to be riskier than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNAV | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.28% | 7.68% | +4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 21.02% | 16.46% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.08% | 19.04% | +6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 20.60% | +6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.16% | 21.03% | +6.13% |
CNAV vs. MTUM - Expense Ratio Comparison
CNAV has a 1.31% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
CNAV vs. MTUM - Dividend Comparison
CNAV has not paid dividends to shareholders, while MTUM's dividend yield for the trailing twelve months is around 0.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNAV Mohr Company Nav ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.60% | 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
CNAV and MTUM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNAV has higher volatility (12.28%) compared to MTUM (7.68%). In terms of maximum drawdown, CNAV dropped -30.06% vs MTUM's -34.08%.
On 1-year performance, CNAV leads with 72.64% vs 41.76% for MTUM. On fees, MTUM is cheaper at 0.15% per year. On volatility, MTUM has been the lower-risk option at 7.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CNAV has performed better with a 72.64% return vs 41.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTUM is cheaper with a 0.15% expense ratio, compared with 1.31% for CNAV.
MTUM has the higher dividend yield at 0.60%, compared with 0.00% for CNAV.
CNAV is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Mohr and iShares. Their fees differ too: 1.31% for CNAV and 0.15% for MTUM.
CNAV currently has the higher Sharpe Ratio (2.91 vs 2.20), 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.
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