IBIT vs. MTUM
IBIT (iShares Bitcoin Trust ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past year, IBIT returned -44.19% vs 30.22% for MTUM. Their 0.39 correlation means their historical movements had little consistent relationship. IBIT charges 0.25%/yr vs 0.15%/yr for MTUM.
Performance
IBIT vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -26.71% return, which is significantly lower than MTUM's 25.44% return.
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
MTUM
- 1D
- 3.83%
- 1M
- -1.00%
- 6M
- 22.43%
- YTD
- 25.44%
- 1Y
- 30.22%
- 3Y*
- 30.59%
- 5Y*
- 13.16%
- 10Y*
- 16.22%
- ALL TIME*
- 15.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $597.51M | $632.59M | $554.70M |
IBIT vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
MTUM iShares MSCI USA Momentum Factor ETF | 25.44% | 22.15% | 31.70% |
Correlation
The correlation between IBIT and MTUM is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.39 |
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Return for Risk
IBIT vs. MTUM — Risk / Return Rank
IBIT
MTUM
IBIT vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.22 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 1.69 | -2.52 |
| Martin ratioReturn relative to average drawdown | -1.27 | 6.74 | -8.01 |
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Drawdowns
IBIT vs. MTUM - Drawdown Comparison
The maximum IBIT drawdown since its inception was -53.30%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IBIT and MTUM.
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Drawdown Indicators
| IBIT | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -34.08% | -19.22% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -17.99% | -35.31% |
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 | -48.95% | -9.23% | -39.72% |
Average DrawdownAverage peak-to-trough decline | -18.34% | -6.22% | -12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.94% | 4.49% | +30.45% |
Volatility
IBIT vs. MTUM - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 8.29%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 11.35%. This indicates that IBIT 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
| IBIT | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 11.35% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 33.07% | 23.51% | +9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 25.79% | +18.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.53% | 21.96% | +27.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.53% | 21.76% | +27.77% |
IBIT vs. MTUM - Expense Ratio Comparison
IBIT 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
IBIT vs. MTUM - Dividend Comparison
IBIT has not paid dividends to shareholders, while MTUM's dividend yield for the trailing twelve months is around 0.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 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 | 0.59% | 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
IBIT and MTUM have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (11.35%) compared to IBIT (8.29%). In terms of maximum drawdown, IBIT dropped -53.30% vs MTUM's -34.08%.
On 1-year performance, MTUM leads with 30.22% vs -44.19% for IBIT. On fees, MTUM is cheaper at 0.15% per year. On volatility, IBIT has been the lower-risk option at 8.29%. 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 30.22% return vs -44.19%. 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 0.25% for IBIT.
MTUM has the higher dividend yield at 0.59%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while MTUM is Momentum. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.25% for IBIT and 0.15% for MTUM.
MTUM currently has the higher Sharpe Ratio (1.18 vs -1.00), 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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