DAK vs. MTUM
DAK (Dakota Active Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - DAK is a Large Cap Blend Equities fund actively managed by Dakota Wealth, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. DAK is actively managed, while MTUM is passively managed. Over the past year, DAK returned 20.52% vs 26.36% for MTUM. Their 0.73 correlation means they have sometimes moved together and sometimes differently. DAK charges 0.43%/yr vs 0.15%/yr for MTUM.
Performance
DAK vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, DAK achieves a 10.36% return, which is significantly lower than MTUM's 19.93% return.
DAK
- 1D
- 0.74%
- 1M
- 0.91%
- 6M
- 9.09%
- YTD
- 10.36%
- 1Y
- 20.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.77%
MTUM
- 1D
- 0.27%
- 1M
- -5.35%
- 6M
- 17.31%
- YTD
- 19.93%
- 1Y
- 26.36%
- 3Y*
- 27.89%
- 5Y*
- 12.62%
- 10Y*
- 15.71%
- ALL TIME*
- 15.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.23K | $2.63K | $4.01K | |
| $558.09M | $637.73M | $538.11M |
DAK vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAK Dakota Active Equity ETF | 10.36% | 6.75% |
MTUM iShares MSCI USA Momentum Factor ETF | 19.93% | 4.53% |
Correlation
The correlation between DAK and MTUM is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.73 |
The correlation between DAK and MTUM has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.
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Return for Risk
DAK vs. MTUM — Risk / Return Rank
DAK
MTUM
DAK vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dakota Active Equity ETF (DAK) 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.
| DAK | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.40 | +1.02 |
| Martin ratioReturn relative to average drawdown | 10.16 | 5.72 | +4.44 |
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Drawdowns
DAK vs. MTUM - Drawdown Comparison
The maximum DAK drawdown since its inception was -7.87%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for DAK and MTUM.
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Drawdown Indicators
| DAK | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.87% | -34.08% | +26.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -17.99% | +10.12% |
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 | -0.55% | -13.22% | +12.67% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -6.22% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 4.39% | -2.52% |
Volatility
DAK vs. MTUM - Volatility Comparison
The current volatility for Dakota Active Equity ETF (DAK) is 2.91%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 11.22%. This indicates that DAK 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.
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Volatility by Period
| DAK | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 11.22% | -8.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 23.33% | -14.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 25.53% | -14.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 21.89% | -10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 21.72% | -10.33% |
DAK vs. MTUM - Expense Ratio Comparison
DAK has a 0.43% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
DAK vs. MTUM - Dividend Comparison
DAK's dividend yield for the trailing twelve months is around 0.75%, more than MTUM's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAK Dakota Active Equity ETF | 0.75% | 0.42% | 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 | 0.62% | 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
DAK and MTUM have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (11.22%) compared to DAK (2.91%). In terms of maximum drawdown, DAK dropped -7.87% vs MTUM's -34.08%.
On 1-year performance, MTUM leads with 26.36% vs 20.52% for DAK. On fees, MTUM is cheaper at 0.15% per year. On volatility, DAK has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MTUM has performed better with a 26.36% return vs 20.52%. 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 0.43% for DAK.
DAK has the higher dividend yield at 0.75%, compared with 0.62% for MTUM.
DAK is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Dakota Wealth and iShares. Their fees differ too: 0.43% for DAK and 0.15% for MTUM.
DAK currently has the higher Sharpe Ratio (1.68 vs 0.99), 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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