DUSA vs. MTUM

Last updated Jun 5, 2026

DUSA (Davis Select U.S. Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - DUSA is a Large Cap Blend Equities fund actively managed by Davis Advisers, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. DUSA is actively managed, while MTUM is passively managed. Over the past 5 years, DUSA returned 10.99%/yr vs 14.96%/yr for MTUM. A 0.68 correlation means they provide meaningful diversification when combined. DUSA charges 0.62%/yr vs 0.15%/yr for MTUM.

Performance

DUSA vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Select U.S. Equity ETF (DUSA) 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, DUSA achieves a 9.23% return, which is significantly lower than MTUM's 30.30% return.

DUSA

• 1D: 1.42%
• 1M: 0.63%
• YTD: 9.23%
• 6M: 11.10%
• 1Y: 28.52%
• 3Y*: 24.15%
• 5Y*: 10.99%
• 10Y*: —

MTUM

• 1D: -1.10%
• 1M: 11.94%
• YTD: 30.30%
• 6M: 29.99%
• 1Y: 40.55%
• 3Y*: 34.34%
• 5Y*: 14.96%
• 10Y*: 17.19%

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

DUSA vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSA Davis Select U.S. Equity ETF	9.23%	22.57%	20.43%	34.17%	-19.57%	17.71%	14.22%	30.54%	-11.93%	16.91%
MTUM iShares MSCI USA Momentum Factor ETF	30.30%	22.15%	32.89%	9.15%	-18.27%	13.36%	29.86%	27.25%	-1.67%	34.92%

Correlation

The correlation between DUSA and MTUM is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jan 13, 2017	0.68

The correlation between DUSA and MTUM shifts across timeframes, from 0.51 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.

DUSA vs. MTUM - Sectors Allocation Comparison

Sectors	DUSA	MTUM
Financial Services	24.8%	10.4%
Healthcare	17.6%	6.9%
Communication Services	13.3%	7.4%
Consumer Cyclical	12.9%	3.6%
Energy	10.9%	3.5%
Technology	7.9%	44.4%
Consumer Defensive	7.1%	3.3%
Basic Materials	3.1%	1.7%
Industrials	2.4%	15.6%
Real Estate	-	1.8%
Utilities	-	1.6%

Return for Risk

DUSA vs. MTUM — Risk / Return Rank

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

DUSA

DUSA Risk / Return Rank: 70
DUSA Sharpe Ratio Rank: 69
DUSA Sortino Ratio Rank: 69
DUSA Omega Ratio Rank: 66
DUSA Calmar Ratio Rank: 76
DUSA Martin Ratio Rank: 70

MTUM

MTUM Risk / Return Rank: 68
MTUM Sharpe Ratio Rank: 65
MTUM Sortino Ratio Rank: 64
MTUM Omega Ratio Rank: 64
MTUM Calmar Ratio Rank: 72
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.

DUSA vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select U.S. Equity ETF (DUSA) 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.

	DUSA	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.14	+0.09
Sortino ratio: Return per unit of downside risk	3.07	2.90	+0.18
Omega ratio: Gain probability vs. loss probability	1.39	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	3.77	3.53	+0.25
Martin ratio: Return relative to average drawdown	12.90	14.10	-1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUSA vs. MTUM - Sharpe Ratio Comparison

The current DUSA Sharpe Ratio is 2.23, which is comparable to the MTUM Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of DUSA 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.

Sharpe Ratios by Period

	DUSA	MTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.14	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.73	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.84	-0.19

Drawdowns

DUSA vs. MTUM - Drawdown Comparison

The maximum DUSA drawdown since its inception was -36.71%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for DUSA and MTUM.

Drawdown Indicators

	DUSA	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-36.71%	-34.08%	-2.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-11.54%	+3.95%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-20.99%	+4.17%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-32.28%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	-0.78%	-1.10%	+0.32%
Average Drawdown Average peak-to-trough decline	-6.72%	-6.21%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.89%	-0.67%

Volatility

DUSA vs. MTUM - Volatility Comparison

The current volatility for Davis Select U.S. Equity ETF (DUSA) is 2.59%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.67%. This indicates that DUSA 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

	DUSA	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	7.67%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	16.51%	-8.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	19.08%	-6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.63%	20.60%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.85%	21.03%	-1.18%

DUSA vs. MTUM - Expense Ratio Comparison

DUSA has a 0.62% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

DUSA vs. MTUM - Dividend Comparison

DUSA's dividend yield for the trailing twelve months is around 0.88%, more than MTUM's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUSA Davis Select U.S. Equity ETF	0.88%	0.96%	0.85%	3.38%	1.21%	1.12%	0.51%	1.12%	2.77%	0.68%	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

Can I hold both DUSA and MTUM in my portfolio?

DUSA and MTUM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSA or MTUM?

MTUM has higher volatility (7.67%) compared to DUSA (2.59%). In terms of maximum drawdown, DUSA dropped -36.71% vs MTUM's -34.08%.

Which ETF is better, DUSA or MTUM?

On 5-year performance, MTUM leads with 14.96% vs 10.99% for DUSA. On fees, MTUM is cheaper at 0.15% per year. On volatility, DUSA has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUSA or MTUM?

Over the 5-year period, MTUM has performed better with a 14.96% return vs 10.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSA or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.62% for DUSA.

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

DUSA has the higher dividend yield at 0.88%, compared with 0.60% for MTUM.

What is the main difference between DUSA and MTUM?

DUSA is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Davis Advisers and iShares. Their fees differ too: 0.62% for DUSA and 0.15% for MTUM.

Which has better risk-adjusted returns?

DUSA currently has the higher Sharpe Ratio (2.23 vs 2.14), 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.