IYR vs. MTUM
IYR (iShares U.S. Real Estate ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - IYR is a REIT fund tracking the Dow Jones U.S. Real Estate Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 10 years, IYR returned 5.75%/yr vs 17.54%/yr for MTUM. At a 0.49 correlation, their price movements are largely independent. IYR charges 0.42%/yr vs 0.15%/yr for MTUM.
Performance
IYR vs. MTUM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IYR achieves a 10.64% return, which is significantly lower than MTUM's 33.55% return. Over the past 10 years, IYR has underperformed MTUM with an annualized return of 5.75%, while MTUM has yielded a comparatively higher 17.54% annualized return.
IYR
- 1D
- -0.75%
- 1M
- 3.79%
- YTD
- 10.64%
- 6M
- 10.25%
- 1Y
- 11.55%
- 3Y*
- 9.07%
- 5Y*
- 2.62%
- 10Y*
- 5.75%
MTUM
- 1D
- 2.96%
- 1M
- 11.98%
- YTD
- 33.55%
- 6M
- 34.98%
- 1Y
- 46.22%
- 3Y*
- 33.86%
- 5Y*
- 15.90%
- 10Y*
- 17.54%
IYR vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 10.64% | 3.38% | 4.41% | 11.89% | -25.51% | 38.74% | -5.23% | 28.21% | -4.33% | 9.31% |
MTUM iShares MSCI USA Momentum Factor ETF | 33.55% | 22.15% | 32.89% | 9.15% | -18.27% | 13.36% | 29.86% | 27.25% | -1.67% | 37.50% |
Correlation
The correlation between IYR and MTUM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013 | 0.49 |
Over the past year, the correlation between IYR and MTUM has dropped to 0.19 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IYR vs. MTUM — Risk / Return Rank
IYR
MTUM
IYR vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) 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.
| IYR | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 4.02 | -2.66 |
| Martin ratioReturn relative to average drawdown | 4.24 | 15.48 | -11.24 |
Loading charts...
Drawdowns
IYR vs. MTUM - Drawdown Comparison
The maximum IYR drawdown since its inception was -74.13%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IYR and MTUM.
Loading charts...
Drawdown Indicators
| IYR | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.13% | -34.08% | -40.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -11.54% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | -20.99% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -32.28% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | -34.08% | -8.24% |
Current DrawdownCurrent decline from peak | -0.75% | 0.00% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -6.20% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.99% | -0.26% |
Volatility
IYR vs. MTUM - Volatility Comparison
The current volatility for iShares U.S. Real Estate ETF (IYR) is 4.82%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 11.20%. This indicates that IYR 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
| IYR | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 11.20% | -6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 18.83% | -8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 21.08% | -7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 20.99% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 21.23% | -0.89% |
IYR vs. MTUM - Expense Ratio Comparison
IYR has a 0.42% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
IYR vs. MTUM - Dividend Comparison
IYR's dividend yield for the trailing twelve months is around 2.67%, more than MTUM's 0.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 2.67% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.70% | 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
IYR and MTUM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (11.20%) compared to IYR (4.82%). In terms of maximum drawdown, IYR dropped -74.13% vs MTUM's -34.08%.
On 10-year performance, MTUM leads with 17.54% vs 5.75% for IYR. On fees, MTUM is cheaper at 0.15% per year. On volatility, IYR has been the lower-risk option at 4.82%. 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 17.54% return vs 5.75%. 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 0.42% for IYR.
IYR has the higher dividend yield at 2.67%, compared with 0.70% for MTUM.
IYR is categorized as REIT, while MTUM is Momentum. IYR tracks Dow Jones U.S. Real Estate Index, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.42% for IYR and 0.15% for MTUM.
MTUM currently has the higher Sharpe Ratio (2.21 vs 0.86), 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.
Find the right allocation for IYR 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