IETC vs. MTUM

Last updated Jul 15, 2026

IETC (iShares U.S. Tech Independence Focused ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - IETC is a Technology Equities fund actively managed by iShares, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. IETC is actively managed, while MTUM is passively managed. Over the past 5 years, IETC returned 14.41%/yr vs 14.59%/yr for MTUM. Their correlation of 0.83 suggests significant overlap in exposure. IETC charges 0.18%/yr vs 0.15%/yr for MTUM.

Performance

IETC vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Tech Independence Focused ETF (IETC) 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, IETC achieves a 4.72% return, which is significantly lower than MTUM's 28.00% return.

IETC

• 1D: 0.78%
• 1M: 0.23%
• 6M: 3.30%
• YTD: 4.72%
• 1Y: 12.20%
• 3Y*: 24.14%
• 5Y*: 14.41%
• 10Y*: —

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)

IETC vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IETC iShares U.S. Tech Independence Focused ETF	4.72%	19.56%	37.57%	54.35%	-32.78%	29.73%	46.59%	43.09%	-3.75%
MTUM iShares MSCI USA Momentum Factor ETF	28.00%	22.15%	32.89%	9.15%	-18.27%	13.36%	29.86%	27.25%	-5.36%

Correlation

The correlation between IETC and MTUM is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018	0.83

The correlation between IETC and MTUM has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

IETC vs. MTUM - Sectors Allocation Comparison

Sectors	IETC	MTUM
Technology	79.0%	50.2%
Communication Services	8.5%	5.1%
Consumer Cyclical	4.3%	2.9%
Industrials	4.3%	15.0%
Financial Services	3.0%	5.0%
Real Estate	0.6%	1.3%
Healthcare	0.1%	3.5%
Basic Materials	-	2.3%
Consumer Defensive	-	3.7%
Energy	-	10.5%
Utilities	-	0.6%

Return for Risk

IETC vs. MTUM — Risk / Return Rank

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

IETC

IETC Risk / Return Rank: 18
IETC Sharpe Ratio Rank: 19
IETC Sortino Ratio Rank: 19
IETC Omega Ratio Rank: 19
IETC Calmar Ratio Rank: 18
IETC Martin Ratio Rank: 18

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.

IETC vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Independence Focused ETF (IETC) 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.

	IETC	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	0.53	1.46	-0.94
Sortino ratio: Return per unit of downside risk	0.85	1.97	-1.12
Omega ratio: Gain probability vs. loss probability	1.10	1.27	-0.17
Calmar ratio: Return relative to maximum drawdown	0.58	3.01	-2.43
Martin ratio: Return relative to average drawdown	1.49	10.29	-8.80

IETC vs. MTUM - Sharpe Ratio Comparison

The current IETC Sharpe Ratio is 0.53, which is lower than the MTUM Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of IETC 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

IETC vs. MTUM - Drawdown Comparison

The maximum IETC drawdown since its inception was -38.48%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IETC and MTUM.

Drawdown Indicators

	IETC	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-34.08%	-4.40%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	-11.54%	-9.65%
Max Drawdown (3Y) Largest decline over 3 years	-25.17%	-20.99%	-4.18%
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	-32.28%	-6.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	-10.11%	-7.38%	-2.73%
Average Drawdown Average peak-to-trough decline	-8.16%	-6.19%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.20%	3.37%	+4.83%

Volatility

IETC vs. MTUM - Volatility Comparison

The current volatility for iShares U.S. Tech Independence Focused ETF (IETC) is 8.77%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.47%. This indicates that IETC 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

	IETC	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	12.47%	-3.70%
Volatility (6M) Calculated over the trailing 6-month period	18.88%	21.55%	-2.67%
Volatility (1Y) Calculated over the trailing 1-year period	23.30%	23.81%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.98%	21.55%	+3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.49%	21.52%	+3.97%

IETC vs. MTUM - Expense Ratio Comparison

IETC has a 0.18% 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

IETC vs. MTUM - Dividend Comparison

IETC's dividend yield for the trailing twelve months is around 0.39%, less than MTUM's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IETC iShares U.S. Tech Independence Focused ETF	0.39%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%	0.00%	0.00%	0.00%
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 IETC and MTUM in my portfolio?

IETC and MTUM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IETC or MTUM?

MTUM has higher volatility (12.47%) compared to IETC (8.77%). In terms of maximum drawdown, IETC dropped -38.48% vs MTUM's -34.08%.

Which ETF is better, IETC or MTUM?

On 5-year performance, MTUM leads with 14.59% vs 14.41% for IETC. On fees, MTUM is cheaper at 0.15% per year. On volatility, IETC has been the lower-risk option at 8.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IETC or MTUM?

Over the 5-year period, MTUM has performed better with a 14.59% return vs 14.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IETC or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.18% for IETC.

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

MTUM has the higher dividend yield at 0.58%, compared with 0.39% for IETC.

What is the main difference between IETC and MTUM?

IETC is categorized as Technology Equities, while MTUM is Momentum. Their fees differ too: 0.18% for IETC and 0.15% for MTUM.

Which has better risk-adjusted returns?

MTUM currently has the higher Sharpe Ratio (1.46 vs 0.53), 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.