EVTMX vs. MTUM
EVTMX (Eaton Vance Dividend Builder Fund) and MTUM (iShares MSCI USA Momentum Factor ETF) are both funds - EVTMX is a Large Cap Blend Equities fund managed by Eaton Vance, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Over the past 10 years, EVTMX returned 12.07%/yr vs 17.49%/yr for MTUM. A 0.80 correlation means they provide meaningful diversification when combined. EVTMX charges 0.99%/yr vs 0.15%/yr for MTUM.
Performance
EVTMX vs. MTUM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EVTMX achieves a 9.39% return, which is significantly lower than MTUM's 32.00% return. Over the past 10 years, EVTMX has underperformed MTUM with an annualized return of 12.07%, while MTUM has yielded a comparatively higher 17.49% annualized return.
EVTMX
- 1D
- 0.41%
- 1M
- 0.53%
- YTD
- 9.39%
- 6M
- 8.77%
- 1Y
- 14.51%
- 3Y*
- 14.19%
- 5Y*
- 8.53%
- 10Y*
- 12.07%
MTUM
- 1D
- -4.48%
- 1M
- 8.74%
- YTD
- 32.00%
- 6M
- 29.92%
- 1Y
- 41.78%
- 3Y*
- 33.87%
- 5Y*
- 15.18%
- 10Y*
- 17.49%
EVTMX vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVTMX Eaton Vance Dividend Builder Fund | 9.39% | 8.33% | 14.27% | 11.16% | -9.94% | 24.40% | 12.33% | 36.21% | -5.39% | 18.90% |
MTUM iShares MSCI USA Momentum Factor ETF | 32.00% | 22.15% | 32.89% | 9.15% | -18.27% | 13.36% | 29.86% | 27.25% | -1.67% | 37.50% |
Correlation
The correlation between EVTMX and MTUM is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013 | 0.80 |
The correlation between EVTMX and MTUM shifts across timeframes, from 0.68 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EVTMX vs. MTUM — Risk / Return Rank
EVTMX
MTUM
EVTMX vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Dividend Builder Fund (EVTMX) 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.
| EVTMX | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.64 | -1.39 |
| Martin ratioReturn relative to average drawdown | 7.87 | 13.91 | -6.05 |
Loading charts...
Drawdowns
EVTMX vs. MTUM - Drawdown Comparison
The maximum EVTMX drawdown since its inception was -53.74%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for EVTMX and MTUM.
Loading charts...
Drawdown Indicators
| EVTMX | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -34.08% | -19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -11.54% | +4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -20.99% | +6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -32.28% | +11.89% |
Max Drawdown (10Y)Largest decline over 10 years | -34.93% | -34.08% | -0.85% |
Current DrawdownCurrent decline from peak | -0.64% | -4.48% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -6.19% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 3.01% | -1.03% |
Volatility
EVTMX vs. MTUM - Volatility Comparison
The current volatility for Eaton Vance Dividend Builder Fund (EVTMX) is 3.49%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.20%. This indicates that EVTMX 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.
Loading charts...
Volatility by Period
| EVTMX | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 12.20% | -8.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 19.44% | -11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 21.93% | -11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 21.15% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 21.31% | -4.89% |
EVTMX vs. MTUM - Expense Ratio Comparison
EVTMX has a 0.99% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
EVTMX vs. MTUM - Dividend Comparison
EVTMX's dividend yield for the trailing twelve months is around 8.49%, more than MTUM's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVTMX Eaton Vance Dividend Builder Fund | 8.49% | 9.07% | 7.40% | 3.25% | 29.74% | 6.44% | 2.62% | 8.36% | 10.71% | 9.99% | 5.81% | 11.41% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.56% | 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
EVTMX and MTUM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (12.20%) compared to EVTMX (3.49%). In terms of maximum drawdown, EVTMX dropped -53.74% vs MTUM's -34.08%.
MTUM currently has the higher Sharpe Ratio (1.92 vs 1.50), 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.
Find the right allocation for EVTMX and MTUM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer