MAGA vs. MTUM

Last updated Jun 4, 2026

MAGA (Point Bridge GOP Stock Tracker ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - MAGA is a Large Cap Blend Equities fund tracking the Point Bridge GOP Stock Tracker Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 5 years, MAGA returned 9.20%/yr vs 15.21%/yr for MTUM. A 0.61 correlation means they provide meaningful diversification when combined. MAGA charges 0.72%/yr vs 0.15%/yr for MTUM.

Performance

MAGA vs. MTUM - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGA achieves a 5.76% return, which is significantly lower than MTUM's 31.75% return.

MAGA

• 1D: -0.02%
• 1M: -0.59%
• YTD: 5.76%
• 6M: 4.95%
• 1Y: 12.22%
• 3Y*: 15.10%
• 5Y*: 9.20%
• 10Y*: —

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)

MAGA vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAGA Point Bridge GOP Stock Tracker ETF	5.76%	10.31%	14.69%	10.37%	-1.01%	33.60%	5.93%	26.08%	-14.82%	12.12%
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%	12.54%

Correlation

The correlation between MAGA and MTUM is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017	0.61

The correlation between MAGA and MTUM shifts across timeframes, from 0.45 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

MAGA vs. MTUM - Sectors Allocation Comparison

Sectors	MAGA	MTUM
Industrials	22.4%	15.6%
Consumer Cyclical	16.5%	3.6%
Energy	14.0%	3.5%
Basic Materials	10.4%	1.7%
Utilities	9.8%	1.6%
Financial Services	8.5%	10.4%
Healthcare	6.8%	6.9%
Consumer Defensive	4.9%	3.3%
Technology	3.0%	44.4%
Real Estate	2.8%	1.8%
Communication Services	-	7.4%

Return for Risk

MAGA vs. MTUM — Risk / Return Rank

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

MAGA

MAGA Risk / Return Rank: 32
MAGA Sharpe Ratio Rank: 30
MAGA Sortino Ratio Rank: 31
MAGA Omega Ratio Rank: 28
MAGA Calmar Ratio Rank: 35
MAGA Martin Ratio Rank: 35

MTUM

MTUM Risk / Return Rank: 67
MTUM Sharpe Ratio Rank: 64
MTUM Sortino Ratio Rank: 62
MTUM Omega Ratio Rank: 63
MTUM Calmar Ratio Rank: 71
MTUM Martin Ratio Rank: 75

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.

MAGA vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Point Bridge GOP Stock Tracker ETF (MAGA) 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.

	MAGA	MTUM	Difference
Sharpe ratio Return per unit of total volatility	1.10	2.20	-1.10
Sortino ratio Return per unit of downside risk	1.67	2.98	-1.30
Omega ratio Gain probability vs. loss probability	1.19	1.39	-0.20
Calmar ratio Return relative to maximum drawdown	1.75	3.64	-1.89
Martin ratio Return relative to average drawdown	5.42	14.50	-9.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGA vs. MTUM - Sharpe Ratio Comparison

The current MAGA Sharpe Ratio is 1.10, which is lower than the MTUM Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of MAGA 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.

Sharpe Ratios by Period

	MAGA	MTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	2.20	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.74	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.85	-0.30

Drawdowns

MAGA vs. MTUM - Drawdown Comparison

The maximum MAGA drawdown since its inception was -43.17%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for MAGA and MTUM.

Drawdown Indicators

	MAGA	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-43.17%	-34.08%	-9.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-11.54%	+4.52%
Max Drawdown (3Y) Largest decline over 3 years	-17.80%	-20.99%	+3.19%
Max Drawdown (5Y) Largest decline over 5 years	-18.02%	-32.28%	+14.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	-3.32%	0.00%	-3.32%
Average Drawdown Average peak-to-trough decline	-5.73%	-6.21%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.89%	-0.63%

Volatility

MAGA vs. MTUM - Volatility Comparison

The current volatility for Point Bridge GOP Stock Tracker ETF (MAGA) is 2.64%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.68%. This indicates that MAGA 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.

Volatility by Period

	MAGA	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	7.68%	-5.04%
Volatility (6M) Calculated over the trailing 6-month period	7.96%	16.46%	-8.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	19.04%	-7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	20.60%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	21.03%	-0.73%

MAGA vs. MTUM - Expense Ratio Comparison

MAGA has a 0.72% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

MAGA vs. MTUM - Dividend Comparison

MAGA's dividend yield for the trailing twelve months is around 1.52%, more than MTUM's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGA Point Bridge GOP Stock Tracker ETF	1.52%	1.61%	1.18%	1.60%	1.33%	0.69%	2.59%	2.19%	2.14%	0.43%	0.00%	0.00%
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

Can I hold both MAGA and MTUM in my portfolio?

MAGA and MTUM have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGA or MTUM?

MTUM has higher volatility (7.68%) compared to MAGA (2.64%). In terms of maximum drawdown, MAGA dropped -43.17% vs MTUM's -34.08%.

Which ETF is better, MAGA or MTUM?

On 5-year performance, MTUM leads with 15.21% vs 9.20% for MAGA. On fees, MTUM is cheaper at 0.15% per year. On volatility, MAGA has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGA or MTUM?

Over the 5-year period, MTUM has performed better with a 15.21% return vs 9.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGA or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.72% for MAGA.

Which ETF pays a higher dividend yield, MAGA or MTUM?

MAGA has the higher dividend yield at 1.52%, compared with 0.60% for MTUM.

What is the main difference between MAGA and MTUM?

MAGA is categorized as Large Cap Blend Equities, while MTUM is Momentum. MAGA tracks Point Bridge GOP Stock Tracker Index, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Point Bridge Capital and iShares. Their fees differ too: 0.72% for MAGA and 0.15% for MTUM.

Which has better risk-adjusted returns?

MTUM currently has the higher Sharpe Ratio (2.20 vs 1.10), 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.