INFO vs. MTUM

Last updated Jun 24, 2026

INFO (Harbor PanAgora Dynamic Large Cap Core ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - INFO is a Large Cap Blend Equities fund actively managed by Harbor, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. INFO is actively managed, while MTUM is passively managed. Over the past year, INFO returned 26.46% vs 41.78% for MTUM. Their correlation of 0.86 suggests significant overlap in exposure. INFO charges 0.35%/yr vs 0.15%/yr for MTUM.

Performance

INFO vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor PanAgora Dynamic Large Cap Core ETF (INFO) 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, INFO achieves a 9.15% return, which is significantly lower than MTUM's 32.00% return.

INFO

• 1D: -1.20%
• 1M: -0.51%
• YTD: 9.15%
• 6M: 8.17%
• 1Y: 26.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INFO vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INFO Harbor PanAgora Dynamic Large Cap Core ETF	9.15%	19.75%	2.05%
MTUM iShares MSCI USA Momentum Factor ETF	32.00%	22.15%	0.82%

Correlation

The correlation between INFO and MTUM is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.86

The correlation between INFO and MTUM has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

INFO vs. MTUM - Sectors Allocation Comparison

Sectors	INFO	MTUM
Technology	40.6%	50.2%
Financial Services	11.2%	5.0%
Communication Services	10.1%	5.1%
Consumer Cyclical	9.7%	2.9%
Healthcare	7.9%	3.5%
Industrials	7.6%	15.0%
Consumer Defensive	5.0%	3.7%
Energy	2.8%	10.5%
Utilities	1.8%	0.6%
Basic Materials	1.7%	2.3%
Real Estate	1.7%	1.3%

Return for Risk

INFO vs. MTUM — Risk / Return Rank

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

INFO

INFO Risk / Return Rank: 69
INFO Sharpe Ratio Rank: 70
INFO Sortino Ratio Rank: 68
INFO Omega Ratio Rank: 67
INFO Calmar Ratio Rank: 66
INFO Martin Ratio Rank: 76

MTUM

MTUM Risk / Return Rank: 64
MTUM Sharpe Ratio Rank: 59
MTUM Sortino Ratio Rank: 54
MTUM Omega Ratio Rank: 59
MTUM Calmar Ratio Rank: 74
MTUM Martin Ratio Rank: 76

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.

INFO vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor PanAgora Dynamic Large Cap Core ETF (INFO) 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.

	INFO	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.92	+0.12
Sortino ratio: Return per unit of downside risk	2.81	2.53	+0.28
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	2.96	3.64	-0.68
Martin ratio: Return relative to average drawdown	13.01	13.91	-0.90

INFO vs. MTUM - Sharpe Ratio Comparison

The current INFO Sharpe Ratio is 2.04, which is comparable to the MTUM Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of INFO 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

INFO vs. MTUM - Drawdown Comparison

The maximum INFO drawdown since its inception was -19.60%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for INFO and MTUM.

Drawdown Indicators

	INFO	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-19.60%	-34.08%	+14.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-11.54%	+2.56%
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 Drawdown Current decline from peak	-2.75%	-4.48%	+1.73%
Average Drawdown Average peak-to-trough decline	-2.32%	-6.19%	+3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	3.01%	-0.97%

Volatility

INFO vs. MTUM - Volatility Comparison

The current volatility for Harbor PanAgora Dynamic Large Cap Core ETF (INFO) is 4.82%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.20%. This indicates that INFO 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

	INFO	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	12.20%	-7.38%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	19.44%	-9.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.09%	21.93%	-8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	21.15%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	21.31%	-3.80%

INFO vs. MTUM - Expense Ratio Comparison

INFO has a 0.35% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

INFO vs. MTUM - Dividend Comparison

INFO's dividend yield for the trailing twelve months is around 0.32%, less than MTUM's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INFO Harbor PanAgora Dynamic Large Cap Core ETF	0.32%	0.35%	0.16%	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	0.56%	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

Can I hold both INFO and MTUM in my portfolio?

INFO and MTUM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INFO or MTUM?

MTUM has higher volatility (12.20%) compared to INFO (4.82%). In terms of maximum drawdown, INFO dropped -19.60% vs MTUM's -34.08%.

Which ETF is better, INFO or MTUM?

On 1-year performance, MTUM leads with 41.78% vs 26.46% for INFO. On fees, MTUM is cheaper at 0.15% per year. On volatility, INFO has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INFO or MTUM?

Over the 1-year period, MTUM has performed better with a 41.78% return vs 26.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INFO or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.35% for INFO.

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

MTUM has the higher dividend yield at 0.56%, compared with 0.32% for INFO.

What is the main difference between INFO and MTUM?

INFO is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Harbor and iShares. Their fees differ too: 0.35% for INFO and 0.15% for MTUM.

Which has better risk-adjusted returns?

INFO currently has the higher Sharpe Ratio (2.04 vs 1.92), 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.