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IXP vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXP vs. MTUM

Last updated Aug 4, 2026
Documentation

IXP (iShares Global Comm Services ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - IXP is a Large Cap Growth Equities fund tracking the S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 10 years, IXP returned 8.78%/yr vs 15.78%/yr for MTUM. Their 0.65 correlation means they have sometimes moved together and sometimes differently. IXP charges 0.43%/yr vs 0.15%/yr for MTUM.

Performance

IXP vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Comm Services ETF (IXP) 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, IXP achieves a -1.64% return, which is significantly lower than MTUM's 20.80% return. Over the past 10 years, IXP has underperformed MTUM with an annualized return of 8.78%, while MTUM has yielded a comparatively higher 15.78% annualized return.

IXP

1D
2.99%
1M
3.30%
6M
-5.05%
YTD
-1.64%
1Y
9.01%
3Y*
21.46%
5Y*
8.32%
10Y*
8.78%
ALL TIME*
6.65%

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)

IXP

iShares Global Comm Services ETF
$6.29M$4.27M$3.74M

MTUM

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

IXP vs. MTUM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXP
iShares Global Comm Services ETF		-1.64%29.27%31.33%38.80%-33.40%12.77%22.16%25.23%-13.67%6.65%
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 IXP and MTUM is 0.41, which is low. Their historical price movements had little consistent relationship.

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

0.41

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

0.60

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

0.63

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

0.65

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

0.65

Over the past year, the correlation between IXP and MTUM has dropped to 0.41 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

IXP vs. MTUM - Sectors Allocation Comparison

Sectors
IXP
MTUM

Communication Services

99.4%
4.4%

Technology

2.0%
48.3%

Real Estate

0.5%
1.5%

Consumer Cyclical

0.2%
3.0%

Basic Materials

-

2.2%

Consumer Defensive

-

3.7%

Energy

-

11.5%

Financial Services

-

5.2%

Healthcare

-

4.2%

Industrials

-

12.1%

Utilities

-

3.7%

Communication Services

IXP
99.4%
MTUM
4.4%

Technology

IXP
2.0%
MTUM
48.3%

Real Estate

IXP
0.5%
MTUM
1.5%

Consumer Cyclical

IXP
0.2%
MTUM
3.0%

Basic Materials

IXP

-

MTUM
2.2%

Consumer Defensive

IXP

-

MTUM
3.7%

Energy

IXP

-

MTUM
11.5%

Financial Services

IXP

-

MTUM
5.2%

Healthcare

IXP

-

MTUM
4.2%

Industrials

IXP

-

MTUM
12.1%

Utilities

IXP

-

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 Comm Services ETF

iShares MSCI USA Momentum Factor ETF

Often compared with IXP:
IXP vs. XLCIXP vs. FCOMIXP vs. IYZIXP vs. VOOIXP vs. QQQIXP vs. RSPNIXP vs. IYW
Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

IXP vs. MTUM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IXP
IXP Risk / Return Rank: 2424
Overall Rank
IXP Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IXP Sortino Ratio Rank: 2525
Sortino Ratio Rank
IXP Omega Ratio Rank: 2424
Omega Ratio Rank
IXP Calmar Ratio Rank: 2424
Calmar Ratio Rank
IXP Martin Ratio Rank: 2525
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.

IXP vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) 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.

IXPMTUMDifference
Sharpe ratioReturn per unit of total volatility
0.56
1.07

-0.51

Sortino ratioReturn per unit of downside risk
0.93
1.55

-0.62

Omega ratioGain probability vs. loss probability

1.11

1.21

-0.10

Calmar ratioReturn relative to maximum drawdown

0.74

1.52

-0.79

Martin ratioReturn relative to average drawdown

1.92

6.14

-4.22

IXP vs. MTUM - Sharpe Ratio Comparison

The current IXP Sharpe Ratio is 0.56, which is lower than the MTUM Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of IXP 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

IXP vs. MTUM - Drawdown Comparison

The maximum IXP drawdown since its inception was -50.11%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IXP and MTUM.

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Drawdown Indicators

IXPMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-50.11%

-34.08%

-16.03%

Max Drawdown (1Y)

Largest decline over 1 year

-12.26%

-17.99%

+5.73%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-20.99%

+3.45%

Max Drawdown (5Y)

Largest decline over 5 years

-44.30%

-32.28%

-12.02%

Max Drawdown (10Y)

Largest decline over 10 years

-44.30%

-34.08%

-10.22%

Current Drawdown

Current decline from peak

-5.75%

-12.58%

+6.83%

Average Drawdown

Average peak-to-trough decline

-11.89%

-6.22%

-5.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.70%

4.46%

+0.24%

Volatility

IXP vs. MTUM - Volatility Comparison

The current volatility for iShares Global Comm Services ETF (IXP) is 6.73%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 10.76%. This indicates that IXP 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

IXPMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.73%

10.76%

-4.03%

Volatility (6M)

Calculated over the trailing 6-month period

12.41%

23.24%

-10.83%

Volatility (1Y)

Calculated over the trailing 1-year period

16.10%

25.57%

-9.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.26%

21.89%

-2.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.59%

21.73%

-3.14%

IXP vs. MTUM - Expense Ratio Comparison

IXP has a 0.43% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

IXP vs. MTUM - Dividend Comparison

IXP's dividend yield for the trailing twelve months is around 3.32%, more than MTUM's 0.61% yield.

PositionTTM20252024202320222021202020192018201720162015
IXP
iShares Global Comm Services ETF		3.32%2.98%1.35%1.24%0.62%1.80%0.95%2.18%4.32%3.41%4.02%3.89%
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

IXP and MTUM have a correlation of 0.41, 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 IXP (6.73%). In terms of maximum drawdown, IXP dropped -50.11% vs MTUM's -34.08%.

On 10-year performance, MTUM leads with 15.78% vs 8.78% for IXP. On fees, MTUM is cheaper at 0.15% per year. On volatility, IXP has been the lower-risk option at 6.73%. 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 8.78%. 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 0.43% for IXP.

IXP has the higher dividend yield at 3.32%, compared with 0.61% for MTUM.

IXP is categorized as Large Cap Growth Equities, while MTUM is Momentum. IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.43% for IXP and 0.15% for MTUM.

MTUM currently has the higher Sharpe Ratio (1.07 vs 0.56), 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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