EZMO vs. MTUL
EZMO (AlphaDroid Broad Markets Momentum ETF) and MTUL (ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN) are both Momentum funds. EZMO is actively managed, while MTUL is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. EZMO charges 0.94%/yr vs 0.95%/yr for MTUL.
Performance
EZMO vs. MTUL - Performance Comparison
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Returns By Period
In the year-to-date period, EZMO achieves a 1.61% return, which is significantly lower than MTUL's 61.40% return.
EZMO
- 1D
- -0.36%
- 1M
- -0.11%
- YTD
- 1.61%
- 6M
- 1.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUL
- 1D
- 0.74%
- 1M
- 23.35%
- YTD
- 61.40%
- 6M
- 63.02%
- 1Y
- 78.14%
- 3Y*
- 60.02%
- 5Y*
- 20.13%
- 10Y*
- —
EZMO vs. MTUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EZMO AlphaDroid Broad Markets Momentum ETF | 1.61% | 5.20% |
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 61.40% | -2.08% |
Correlation
The correlation between EZMO and MTUL is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025 | 0.61 |
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Return for Risk
EZMO vs. MTUL — Risk / Return Rank
EZMO
MTUL
EZMO vs. MTUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaDroid Broad Markets Momentum ETF (EZMO) and ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| EZMO | MTUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.79 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.41 | +0.33 |
Drawdowns
EZMO vs. MTUL - Drawdown Comparison
The maximum EZMO drawdown since its inception was -9.23%, smaller than the maximum MTUL drawdown of -56.83%. Use the drawdown chart below to compare losses from any high point for EZMO and MTUL.
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Drawdown Indicators
| EZMO | MTUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.23% | -56.83% | +47.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -23.86% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.83% | — |
Current DrawdownCurrent decline from peak | -7.93% | -0.01% | -7.92% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -22.66% | +18.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.95% | — |
Volatility
EZMO vs. MTUL - Volatility Comparison
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Volatility by Period
| EZMO | MTUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 43.98% | -28.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 42.80% | -27.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 43.63% | -28.46% |
EZMO vs. MTUL - Expense Ratio Comparison
EZMO has a 0.94% expense ratio, which is lower than MTUL's 0.95% expense ratio.
Dividends
EZMO vs. MTUL - Dividend Comparison
Neither EZMO nor MTUL has paid dividends to shareholders.
Frequently Asked Questions
EZMO and MTUL have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EZMO is cheaper at 0.94% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZMO is cheaper with a 0.94% expense ratio, compared with 0.95% for MTUL.
EZMO and MTUL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: AlphaDroid and UBS. Their fees differ too: 0.94% for EZMO and 0.95% for MTUL.
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