DSI vs. MTUM

Last updated Jul 15, 2026

DSI (iShares MSCI KLD 400 Social ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - DSI is a Large Cap Growth Equities fund tracking the MSCI KLD 400 Social Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 10 years, DSI returned 15.03%/yr vs 16.52%/yr for MTUM. Their correlation of 0.85 suggests significant overlap in exposure. DSI charges 0.25%/yr vs 0.15%/yr for MTUM.

Performance

DSI vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI KLD 400 Social ETF (DSI) 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, DSI achieves a 10.94% return, which is significantly lower than MTUM's 28.00% return. Over the past 10 years, DSI has underperformed MTUM with an annualized return of 15.03%, while MTUM has yielded a comparatively higher 16.52% annualized return.

DSI

• 1D: 0.59%
• 1M: 0.97%
• 6M: 8.91%
• YTD: 10.94%
• 1Y: 22.17%
• 3Y*: 19.61%
• 5Y*: 12.44%
• 10Y*: 15.03%

MTUM

• 1D: 1.63%
• 1M: -1.32%
• 6M: 23.75%
• YTD: 28.00%
• 1Y: 34.62%
• 3Y*: 31.08%
• 5Y*: 14.59%
• 10Y*: 16.52%

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

DSI vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSI iShares MSCI KLD 400 Social ETF	10.94%	18.03%	22.38%	28.51%	-21.71%	31.32%	20.94%	31.15%	-3.90%	20.89%
MTUM iShares MSCI USA Momentum Factor ETF	28.00%	22.15%	32.89%	9.15%	-18.27%	13.36%	29.86%	27.25%	-1.67%	37.50%

Correlation

The correlation between DSI and MTUM is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013	0.85

The correlation between DSI and MTUM has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

DSI vs. MTUM - Sectors Allocation Comparison

Sectors	DSI	MTUM
Technology	43.1%	50.2%
Communication Services	12.8%	5.1%
Financial Services	10.1%	5.0%
Industrials	8.0%	15.0%
Consumer Cyclical	8.0%	2.9%
Healthcare	7.0%	3.5%
Consumer Defensive	4.0%	3.7%
Real Estate	2.6%	1.3%
Basic Materials	2.2%	2.3%
Energy	1.5%	10.5%
Utilities	0.9%	0.6%

Return for Risk

DSI vs. MTUM — Risk / Return Rank

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

DSI

DSI Risk / Return Rank: 57
DSI Sharpe Ratio Rank: 60
DSI Sortino Ratio Rank: 59
DSI Omega Ratio Rank: 59
DSI Calmar Ratio Rank: 50
DSI Martin Ratio Rank: 58

MTUM

MTUM Risk / Return Rank: 60
MTUM Sharpe Ratio Rank: 53
MTUM Sortino Ratio Rank: 49
MTUM Omega Ratio Rank: 55
MTUM Calmar Ratio Rank: 74
MTUM Martin Ratio Rank: 71

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.

DSI vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI KLD 400 Social ETF (DSI) 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.

	DSI	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.46	+0.14
Sortino ratio: Return per unit of downside risk	2.23	1.97	+0.26
Omega ratio: Gain probability vs. loss probability	1.29	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.01	3.01	-1.00
Martin ratio: Return relative to average drawdown	8.13	10.29	-2.15

DSI vs. MTUM - Sharpe Ratio Comparison

The current DSI Sharpe Ratio is 1.60, which is comparable to the MTUM Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of DSI 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

DSI vs. MTUM - Drawdown Comparison

The maximum DSI drawdown since its inception was -54.23%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for DSI and MTUM.

Drawdown Indicators

	DSI	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-54.23%	-34.08%	-20.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-11.54%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-20.58%	-20.99%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-28.36%	-32.28%	+3.92%
Max Drawdown (10Y) Largest decline over 10 years	-34.10%	-34.08%	-0.02%
Current Drawdown Current decline from peak	-1.30%	-7.38%	+6.08%
Average Drawdown Average peak-to-trough decline	-7.49%	-6.19%	-1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.37%	-0.64%

Volatility

DSI vs. MTUM - Volatility Comparison

The current volatility for iShares MSCI KLD 400 Social ETF (DSI) is 4.39%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.47%. This indicates that DSI 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

	DSI	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	12.47%	-8.08%
Volatility (6M) Calculated over the trailing 6-month period	11.29%	21.55%	-10.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	23.81%	-9.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.07%	21.55%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.70%	21.52%	-2.82%

DSI vs. MTUM - Expense Ratio Comparison

DSI 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

DSI vs. MTUM - Dividend Comparison

DSI's dividend yield for the trailing twelve months is around 0.87%, more than MTUM's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSI iShares MSCI KLD 400 Social ETF	0.87%	0.92%	1.03%	1.19%	1.39%	0.99%	1.22%	1.40%	1.63%	1.28%	1.51%	1.46%
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 DSI and MTUM in my portfolio?

DSI and MTUM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSI or MTUM?

MTUM has higher volatility (12.47%) compared to DSI (4.39%). In terms of maximum drawdown, DSI dropped -54.23% vs MTUM's -34.08%.

Which ETF is better, DSI or MTUM?

On 10-year performance, MTUM leads with 16.52% vs 15.03% for DSI. On fees, MTUM is cheaper at 0.15% per year. On volatility, DSI has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSI or MTUM?

Over the 10-year period, MTUM has performed better with a 16.52% return vs 15.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSI or MTUM?

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

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

DSI has the higher dividend yield at 0.87%, compared with 0.58% for MTUM.

What is the main difference between DSI and MTUM?

DSI is categorized as Large Cap Growth Equities, while MTUM is Momentum. DSI tracks MSCI KLD 400 Social Index, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.25% for DSI and 0.15% for MTUM.

Which has better risk-adjusted returns?

DSI currently has the higher Sharpe Ratio (1.60 vs 1.46), 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.