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IYY vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYY vs. MTUM

Last updated Jun 4, 2026

IYY (iShares Dow Jones U.S. ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - IYY is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 10 years, IYY returned 15.01%/yr vs 17.31%/yr for MTUM. Their correlation of 0.86 suggests significant overlap in exposure. IYY charges 0.20%/yr vs 0.15%/yr for MTUM.

Performance

IYY vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Dow Jones U.S. ETF (IYY) 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, IYY achieves a 10.92% return, which is significantly lower than MTUM's 31.75% return. Over the past 10 years, IYY has underperformed MTUM with an annualized return of 15.01%, while MTUM has yielded a comparatively higher 17.31% annualized return.

IYY

1D
-0.73%
1M
5.06%
YTD
10.92%
6M
10.83%
1Y
27.47%
3Y*
22.10%
5Y*
12.92%
10Y*
15.01%

MTUM

1D
1.06%
1M
15.90%
YTD
31.75%
6M
32.38%
1Y
41.76%
3Y*
34.75%
5Y*
15.21%
10Y*
17.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYY vs. MTUM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYY
iShares Dow Jones U.S. ETF		10.92%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%
MTUM
iShares MSCI USA Momentum Factor ETF		31.75%22.15%32.89%9.15%-18.27%13.36%29.86%27.25%-1.67%37.50%

Correlation

The correlation between IYY and MTUM is 0.85, 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

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2013

0.86

The correlation between IYY and MTUM has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

IYY vs. MTUM - Sectors Allocation Comparison

Sectors
IYY
MTUM

Technology

34.8%
44.4%

Financial Services

12.0%
10.4%

Communication Services

10.7%
7.4%

Consumer Cyclical

10.2%
3.6%

Industrials

9.0%
15.6%

Healthcare

8.6%
6.9%

Consumer Defensive

4.8%
3.3%

Energy

3.6%
3.5%

Utilities

2.3%
1.6%

Real Estate

2.2%
1.8%

Basic Materials

2.0%
1.7%

Technology

IYY
34.8%
MTUM
44.4%

Financial Services

IYY
12.0%
MTUM
10.4%

Communication Services

IYY
10.7%
MTUM
7.4%

Consumer Cyclical

IYY
10.2%
MTUM
3.6%

Industrials

IYY
9.0%
MTUM
15.6%

Healthcare

IYY
8.6%
MTUM
6.9%

Consumer Defensive

IYY
4.8%
MTUM
3.3%

Energy

IYY
3.6%
MTUM
3.5%

Utilities

IYY
2.3%
MTUM
1.6%

Real Estate

IYY
2.2%
MTUM
1.8%

Basic Materials

IYY
2.0%
MTUM
1.7%

Compare stocks, funds, or ETFs

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

iShares Dow Jones U.S. ETF

iShares MSCI USA Momentum Factor ETF

Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHB
Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VOOMTUM vs. VFMOMTUM vs. QMOM

Return for Risk

IYY vs. MTUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYY
IYY Risk / Return Rank: 6868
Overall Rank
IYY Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6868
Sortino Ratio Rank
IYY Omega Ratio Rank: 6868
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7474
Martin Ratio Rank
MTUM
MTUM Risk / Return Rank: 6767
Overall Rank
MTUM Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 6262
Sortino Ratio Rank
MTUM Omega Ratio Rank: 6363
Omega Ratio Rank
MTUM Calmar Ratio Rank: 7171
Calmar Ratio Rank
MTUM Martin Ratio Rank: 7575
Martin Ratio Rank
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.

IYY vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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.

IYYMTUMDifference
Sharpe ratioReturn per unit of total volatility
2.30
2.20

+0.10

Sortino ratioReturn per unit of downside risk
3.16
2.98

+0.18

Omega ratioGain probability vs. loss probability

1.42

1.39

+0.02

Calmar ratioReturn relative to maximum drawdown

3.09

3.64

-0.55

Martin ratioReturn relative to average drawdown

14.19

14.50

-0.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYY vs. MTUM - Sharpe Ratio Comparison

The current IYY Sharpe Ratio is 2.30, which is comparable to the MTUM Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of IYY 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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Sharpe Ratios by Period

IYYMTUMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

2.20

+0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.74

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.83

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.85

-0.41

Drawdowns

IYY vs. MTUM - Drawdown Comparison

The maximum IYY drawdown since its inception was -55.17%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IYY and MTUM.

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Drawdown Indicators

IYYMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-55.17%

-34.08%

-21.09%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-11.54%

+2.60%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-20.99%

+1.93%

Max Drawdown (5Y)

Largest decline over 5 years

-25.46%

-32.28%

+6.82%

Max Drawdown (10Y)

Largest decline over 10 years

-34.90%

-34.08%

-0.82%

Current Drawdown

Current decline from peak

-0.73%

0.00%

-0.73%

Average Drawdown

Average peak-to-trough decline

-10.84%

-6.21%

-4.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

2.89%

-0.95%

Volatility

IYY vs. MTUM - Volatility Comparison

The current volatility for iShares Dow Jones U.S. ETF (IYY) is 2.93%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.68%. This indicates that IYY 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

IYYMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

7.68%

-4.75%

Volatility (6M)

Calculated over the trailing 6-month period

9.04%

16.46%

-7.42%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

19.04%

-7.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

20.60%

-3.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.16%

21.03%

-2.87%

IYY vs. MTUM - Expense Ratio Comparison

IYY has a 0.20% expense ratio, which is higher than MTUM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IYY vs. MTUM - Dividend Comparison

IYY's dividend yield for the trailing twelve months is around 0.87%, more than MTUM's 0.60% yield.

PositionTTM20252024202320222021202020192018201720162015
IYY
iShares Dow Jones U.S. ETF		0.87%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%
MTUM
iShares MSCI USA Momentum Factor ETF		0.60%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

IYY and MTUM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTUM has higher volatility (7.68%) compared to IYY (2.93%). In terms of maximum drawdown, IYY dropped -55.17% vs MTUM's -34.08%.

On 10-year performance, MTUM leads with 17.31% vs 15.01% for IYY. On fees, MTUM is cheaper at 0.15% per year. On volatility, IYY has been the lower-risk option at 2.93%. 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 17.31% return vs 15.01%. 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 0.20% for IYY.

IYY has the higher dividend yield at 0.87%, compared with 0.60% for MTUM.

IYY is categorized as Large Cap Blend Equities, while MTUM is Momentum. IYY tracks Dow Jones U.S. Index, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.20% for IYY and 0.15% for MTUM.

IYY currently has the higher Sharpe Ratio (2.30 vs 2.20), 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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