PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ILCB vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ILCB vs. MTUM

Last updated Aug 4, 2026
Documentation

ILCB (iShares Morningstar U.S. Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 10 years, ILCB returned 14.42%/yr vs 15.78%/yr for MTUM. Their correlation of 0.84 means they have usually moved in the same direction. ILCB charges 0.03%/yr vs 0.15%/yr for MTUM.

Performance

ILCB vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar U.S. Equity ETF (ILCB) and iShares MSCI USA Momentum Factor ETF (MTUM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ILCB achieves a 11.73% return, which is significantly lower than MTUM's 20.80% return. Over the past 10 years, ILCB has underperformed MTUM with an annualized return of 14.42%, while MTUM has yielded a comparatively higher 15.78% annualized return.

ILCB

1D
1.54%
1M
1.56%
6M
9.71%
YTD
11.73%
1Y
23.00%
3Y*
20.96%
5Y*
12.54%
10Y*
14.42%
ALL TIME*
11.23%

MTUM

1D
0.73%
1M
-4.66%
6M
17.04%
YTD
20.80%
1Y
27.28%
3Y*
28.96%
5Y*
12.59%
10Y*
15.78%
ALL TIME*
15.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ILCB

iShares Morningstar U.S. Equity ETF
$1.31M$1.30M$1.40M

MTUM

iShares MSCI USA Momentum Factor ETF
$578.91M$630.18M$548.65M

ILCB vs. MTUM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ILCB
iShares Morningstar U.S. Equity ETF		11.73%17.70%24.96%26.91%-19.48%24.07%19.40%32.68%-8.51%22.09%
MTUM
iShares MSCI USA Momentum Factor ETF		20.80%22.15%32.89%9.15%-18.27%13.36%29.86%27.25%-1.67%37.50%

Correlation

The correlation between ILCB and MTUM is 0.81, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.81

Correlation (3Y)
Balances recent behavior with more history.

0.87

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.86

Correlation (10Y)
Provides a long-term view across more market conditions.

0.83

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2013

0.84

The correlation between ILCB and MTUM has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

ILCB vs. MTUM - Sectors Allocation Comparison

Sectors
ILCB
MTUM

Technology

38.4%
48.3%

Financial Services

11.4%
5.2%

Communication Services

9.8%
4.4%

Consumer Cyclical

9.4%
3.0%

Healthcare

9.0%
4.2%

Industrials

8.9%
12.1%

Consumer Defensive

4.4%
3.7%

Energy

3.1%
11.5%

Utilities

2.2%
3.7%

Basic Materials

1.8%
2.2%

Real Estate

1.7%
1.5%

Technology

ILCB
38.4%
MTUM
48.3%

Financial Services

ILCB
11.4%
MTUM
5.2%

Communication Services

ILCB
9.8%
MTUM
4.4%

Consumer Cyclical

ILCB
9.4%
MTUM
3.0%

Healthcare

ILCB
9.0%
MTUM
4.2%

Industrials

ILCB
8.9%
MTUM
12.1%

Consumer Defensive

ILCB
4.4%
MTUM
3.7%

Energy

ILCB
3.1%
MTUM
11.5%

Utilities

ILCB
2.2%
MTUM
3.7%

Basic Materials

ILCB
1.8%
MTUM
2.2%

Real Estate

ILCB
1.7%
MTUM
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Morningstar U.S. Equity ETF

iShares MSCI USA Momentum Factor ETF

Often compared with ILCB:
ILCB vs. ILCGILCB vs. VOOILCB vs. IVVILCB vs. SPYILCB vs. SCHBILCB vs. VTIILCB vs. BBUS
Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

ILCB vs. MTUM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ILCB
ILCB Risk / Return Rank: 7575
Overall Rank
ILCB Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ILCB Sortino Ratio Rank: 7474
Sortino Ratio Rank
ILCB Omega Ratio Rank: 7474
Omega Ratio Rank
ILCB Calmar Ratio Rank: 7070
Calmar Ratio Rank
ILCB Martin Ratio Rank: 8080
Martin Ratio Rank
MTUM
MTUM Risk / Return Rank: 4444
Overall Rank
MTUM Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 4242
Sortino Ratio Rank
MTUM Omega Ratio Rank: 4343
Omega Ratio Rank
MTUM Calmar Ratio Rank: 4343
Calmar Ratio Rank
MTUM Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ILCB vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) 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.

ILCBMTUMDifference
Sharpe ratioReturn per unit of total volatility
1.78
1.07

+0.71

Sortino ratioReturn per unit of downside risk
2.47
1.55

+0.92

Omega ratioGain probability vs. loss probability

1.32

1.21

+0.11

Calmar ratioReturn relative to maximum drawdown

2.54

1.52

+1.02

Martin ratioReturn relative to average drawdown

10.74

6.14

+4.60

ILCB vs. MTUM - Sharpe Ratio Comparison

The current ILCB Sharpe Ratio is 1.78, which is higher than the MTUM Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of ILCB 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.

Loading charts...

Drawdowns

ILCB vs. MTUM - Drawdown Comparison

The maximum ILCB drawdown since its inception was -51.53%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for ILCB and MTUM.

Loading charts...

Drawdown Indicators

ILCBMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-51.53%

-34.08%

-17.45%

Max Drawdown (1Y)

Largest decline over 1 year

-9.09%

-17.99%

+8.90%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-20.99%

+1.94%

Max Drawdown (5Y)

Largest decline over 5 years

-25.47%

-32.28%

+6.81%

Max Drawdown (10Y)

Largest decline over 10 years

-35.30%

-34.08%

-1.22%

Current Drawdown

Current decline from peak

-0.12%

-12.58%

+12.46%

Average Drawdown

Average peak-to-trough decline

-6.20%

-6.22%

+0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

4.46%

-2.31%

Volatility

ILCB vs. MTUM - Volatility Comparison

The current volatility for iShares Morningstar U.S. Equity ETF (ILCB) is 3.90%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 10.76%. This indicates that ILCB 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

ILCBMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.90%

10.76%

-6.86%

Volatility (6M)

Calculated over the trailing 6-month period

10.31%

23.24%

-12.93%

Volatility (1Y)

Calculated over the trailing 1-year period

12.99%

25.57%

-12.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.25%

21.89%

-4.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.20%

21.73%

-3.53%

ILCB vs. MTUM - Expense Ratio Comparison

ILCB has a 0.03% expense ratio, which is lower than MTUM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ILCB vs. MTUM - Dividend Comparison

ILCB's dividend yield for the trailing twelve months is around 0.97%, more than MTUM's 0.61% yield.

PositionTTM20252024202320222021202020192018201720162015
ILCB
iShares Morningstar U.S. Equity ETF		0.97%1.11%1.19%1.43%1.65%1.16%1.26%2.25%2.17%1.81%1.97%2.44%
MTUM
iShares MSCI USA Momentum Factor ETF		0.61%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

ILCB and MTUM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTUM has higher volatility (10.76%) compared to ILCB (3.90%). In terms of maximum drawdown, ILCB dropped -51.53% vs MTUM's -34.08%.

On 10-year performance, MTUM leads with 15.78% vs 14.42% for ILCB. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MTUM has performed better with a 15.78% return vs 14.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ILCB is cheaper with a 0.03% expense ratio, compared with 0.15% for MTUM.

ILCB has the higher dividend yield at 0.97%, compared with 0.61% for MTUM.

ILCB is categorized as Large Cap Growth Equities, while MTUM is Momentum. ILCB tracks Morningstar US Large-Mid Cap Index, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.03% for ILCB and 0.15% for MTUM.

ILCB currently has the higher Sharpe Ratio (1.78 vs 1.07), 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.

Portfolio Optimizer

Find the right allocation for ILCB 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