IWLG vs. FMTM

Last updated Apr 15, 2026

IWLG (NYLI Winslow Large Cap Growth ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds — IWLG is a Large Cap Growth Equities fund actively managed by NYLI, while FMTM is a Momentum fund. Both are actively managed. Over the past year, IWLG returned 24.45% vs 50.28% for FMTM. A 0.66 correlation means they provide meaningful diversification when combined. IWLG charges 0.50%/yr vs 0.45%/yr for FMTM.

Performance

IWLG vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Winslow Large Cap Growth ETF (IWLG) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWLG achieves a -3.87% return, which is significantly lower than FMTM's 15.60% return.

IWLG

• 1D: 1.84%
• 1M: 5.77%
• YTD: -3.87%
• 6M: -2.71%
• 1Y: 24.45%
• 3Y*: 23.06%
• 5Y*: —
• 10Y*: —

FMTM

• 1D: 0.36%
• 1M: 9.81%
• YTD: 15.60%
• 6M: 24.94%
• 1Y: 50.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWLG vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
IWLG NYLI Winslow Large Cap Growth ETF	-3.87%	22.49%
FMTM MarketDesk Focused U.S. Momentum ETF	15.60%	27.90%

Correlation

The correlation between IWLG and FMTM is 0.66, 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	0.66
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.66

The correlation between IWLG and FMTM has been stable across timeframes, ranging from 0.66 to 0.66 — a consistent structural relationship.

Return for Risk

IWLG vs. FMTM — Risk / Return Rank

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

IWLG

IWLG Risk / Return Rank: 25
IWLG Sharpe Ratio Rank: 28
IWLG Sortino Ratio Rank: 28
IWLG Omega Ratio Rank: 28
IWLG Calmar Ratio Rank: 20
IWLG Martin Ratio Rank: 21

FMTM

FMTM Risk / Return Rank: 65
FMTM Sharpe Ratio Rank: 61
FMTM Sortino Ratio Rank: 50
FMTM Omega Ratio Rank: 54
FMTM Calmar Ratio Rank: 79
FMTM Martin Ratio Rank: 82

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.

IWLG vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Winslow Large Cap Growth ETF (IWLG) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	IWLG	FMTM	Difference
Sharpe ratio Return per unit of total volatility	1.40	2.30	-0.89
Sortino ratio Return per unit of downside risk	2.00	2.93	-0.93
Omega ratio Gain probability vs. loss probability	1.26	1.39	-0.14
Calmar ratio Return relative to maximum drawdown	1.38	4.49	-3.11
Martin ratio Return relative to average drawdown	4.34	18.06	-13.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWLG vs. FMTM - Sharpe Ratio Comparison

The current IWLG Sharpe Ratio is 1.40, which is lower than the FMTM Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of IWLG and FMTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWLG	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	2.30	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.94	-0.93

Drawdowns

IWLG vs. FMTM - Drawdown Comparison

The maximum IWLG drawdown since its inception was -23.19%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for IWLG and FMTM.

Drawdown Indicators

	IWLG	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-23.19%	-12.12%	-11.07%
Max Drawdown (1Y) Largest decline over 1 year	-19.45%	-12.12%	-7.33%
Current Drawdown Current decline from peak	-8.69%	-1.58%	-7.11%
Average Drawdown Average peak-to-trough decline	-4.61%	-1.94%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	3.01%	+3.19%

Volatility

IWLG vs. FMTM - Volatility Comparison

The current volatility for NYLI Winslow Large Cap Growth ETF (IWLG) is 7.44%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 9.06%. This indicates that IWLG experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWLG	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	9.06%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	18.91%	-6.07%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	22.13%	-4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.13%	23.09%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.13%	23.09%	-1.96%

IWLG vs. FMTM - Expense Ratio Comparison

IWLG has a 0.50% expense ratio, which is higher than FMTM's 0.45% expense ratio.

Dividends

IWLG vs. FMTM - Dividend Comparison

IWLG has not paid dividends to shareholders, while FMTM's dividend yield for the trailing twelve months is around 0.26%.

	TTM	2025	2024	2023	2022
IWLG NYLI Winslow Large Cap Growth ETF	0.00%	0.00%	1.34%	0.01%	0.05%
FMTM MarketDesk Focused U.S. Momentum ETF	0.26%	0.30%	0.00%	0.00%	0.00%