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IXN vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXN vs. MTUM

Last updated Aug 2, 2026
Documentation

IXN (iShares Global Tech ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 10 years, IXN returned 23.45%/yr vs 15.71%/yr for MTUM. Their correlation of 0.82 means they have usually moved in the same direction. IXN charges 0.46%/yr vs 0.15%/yr for MTUM.

Performance

IXN vs. MTUM - Performance Comparison

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

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Returns By Period

In the year-to-date period, IXN achieves a 26.51% return, which is significantly higher than MTUM's 19.93% return. Over the past 10 years, IXN has outperformed MTUM with an annualized return of 23.45%, while MTUM has yielded a comparatively lower 15.71% annualized return.

IXN

1D
-0.21%
1M
-2.80%
6M
24.00%
YTD
26.51%
1Y
42.54%
3Y*
28.76%
5Y*
18.70%
10Y*
23.45%
ALL TIME*
12.22%

MTUM

1D
0.27%
1M
-5.35%
6M
17.31%
YTD
19.93%
1Y
26.36%
3Y*
27.89%
5Y*
12.62%
10Y*
15.71%
ALL TIME*
15.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

IXN

iShares Global Tech ETF
$45.45M$52.86M$65.01M

MTUM

iShares MSCI USA Momentum Factor ETF
$558.09M$637.73M$538.11M

IXN vs. MTUM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXN
iShares Global Tech ETF		26.51%25.25%24.84%52.98%-29.86%29.58%43.62%47.88%-5.44%41.23%
MTUM
iShares MSCI USA Momentum Factor ETF		19.93%22.15%32.89%9.15%-18.27%13.36%29.86%27.25%-1.67%37.50%

Correlation

The correlation between IXN and MTUM is 0.88, 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.

0.88

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

0.86

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

0.82

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

0.82

The correlation between IXN and MTUM has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

IXN vs. MTUM - Sectors Allocation Comparison

Sectors
IXN
MTUM

Technology

99.4%
48.3%

Industrials

0.3%
12.1%

Healthcare

0.1%
4.2%

Energy

0.1%
11.5%

Real Estate

0.0%
1.5%

Basic Materials

-

2.2%

Communication Services

-

4.4%

Consumer Cyclical

-

3.0%

Consumer Defensive

-

3.7%

Financial Services

-

5.2%

Utilities

-

3.7%

Technology

IXN
99.4%
MTUM
48.3%

Industrials

IXN
0.3%
MTUM
12.1%

Healthcare

IXN
0.1%
MTUM
4.2%

Energy

IXN
0.1%
MTUM
11.5%

Real Estate

IXN
0.0%
MTUM
1.5%

Basic Materials

IXN

-

MTUM
2.2%

Communication Services

IXN

-

MTUM
4.4%

Consumer Cyclical

IXN

-

MTUM
3.0%

Consumer Defensive

IXN

-

MTUM
3.7%

Financial Services

IXN

-

MTUM
5.2%

Utilities

IXN

-

MTUM
3.7%

Compare stocks, funds, or ETFs

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

iShares Global Tech ETF

iShares MSCI USA Momentum Factor ETF

Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC
Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

IXN vs. MTUM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IXN
IXN Risk / Return Rank: 6363
Overall Rank
IXN Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 5959
Sortino Ratio Rank
IXN Omega Ratio Rank: 5959
Omega Ratio Rank
IXN Calmar Ratio Rank: 7272
Calmar Ratio Rank
IXN Martin Ratio Rank: 6464
Martin Ratio Rank
MTUM
MTUM Risk / Return Rank: 4242
Overall Rank
MTUM Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 3939
Sortino Ratio Rank
MTUM Omega Ratio Rank: 4141
Omega Ratio Rank
MTUM Calmar Ratio Rank: 4040
Calmar Ratio Rank
MTUM Martin Ratio Rank: 4949
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.

IXN vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.

IXNMTUMDifference
Sharpe ratioReturn per unit of total volatility
1.46
0.99

+0.47

Sortino ratioReturn per unit of downside risk
1.99
1.45

+0.55

Omega ratioGain probability vs. loss probability

1.25

1.19

+0.06

Calmar ratioReturn relative to maximum drawdown

2.49

1.40

+1.09

Martin ratioReturn relative to average drawdown

7.63

5.72

+1.91

IXN vs. MTUM - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 1.46, which is higher than the MTUM Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of IXN 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.

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Drawdowns

IXN vs. MTUM - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IXN and MTUM.

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Drawdown Indicators

IXNMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-55.67%

-34.08%

-21.59%

Max Drawdown (1Y)

Largest decline over 1 year

-16.09%

-17.99%

+1.90%

Max Drawdown (3Y)

Largest decline over 3 years

-25.55%

-20.99%

-4.56%

Max Drawdown (5Y)

Largest decline over 5 years

-36.30%

-32.28%

-4.02%

Max Drawdown (10Y)

Largest decline over 10 years

-36.30%

-34.08%

-2.22%

Current Drawdown

Current decline from peak

-11.29%

-13.22%

+1.93%

Average Drawdown

Average peak-to-trough decline

-11.24%

-6.22%

-5.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.23%

4.39%

+0.84%

Volatility

IXN vs. MTUM - Volatility Comparison

The current volatility for iShares Global Tech ETF (IXN) is 10.37%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 11.22%. This indicates that IXN 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

IXNMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.37%

11.22%

-0.85%

Volatility (6M)

Calculated over the trailing 6-month period

23.76%

23.33%

+0.43%

Volatility (1Y)

Calculated over the trailing 1-year period

27.43%

25.53%

+1.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.89%

21.89%

+4.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.88%

21.72%

+3.16%

IXN vs. MTUM - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

IXN vs. MTUM - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.83%, more than MTUM's 0.62% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.83%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
MTUM
iShares MSCI USA Momentum Factor ETF		0.62%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

IXN and MTUM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTUM has higher volatility (11.22%) compared to IXN (10.37%). In terms of maximum drawdown, IXN dropped -55.67% vs MTUM's -34.08%.

On 10-year performance, IXN leads with 23.45% vs 15.71% for MTUM. On fees, MTUM is cheaper at 0.15% per year. On volatility, IXN has been the lower-risk option at 10.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IXN has performed better with a 23.45% return vs 15.71%. 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 0.46% for IXN.

IXN has the higher dividend yield at 0.83%, compared with 0.62% for MTUM.

IXN is categorized as Technology Equities, while MTUM is Momentum. IXN tracks S&P Global Information Technology Sector Index, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.46% for IXN and 0.15% for MTUM.

IXN currently has the higher Sharpe Ratio (1.46 vs 0.99), 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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