MARFX vs. MTUM
MARFX (BlackRock Mid-Cap Value Fund) and MTUM (iShares MSCI USA Momentum Factor ETF) are both funds - MARFX is a Mid Cap Value Equities fund managed by BlackRock, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Over the past 10 years, MARFX returned 11.28%/yr vs 15.71%/yr for MTUM. Their 0.65 correlation means they have sometimes moved together and sometimes differently. MARFX charges 0.74%/yr vs 0.15%/yr for MTUM.
Performance
MARFX vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, MARFX achieves a 16.41% return, which is significantly lower than MTUM's 19.93% return. Over the past 10 years, MARFX has underperformed MTUM with an annualized return of 11.28%, while MTUM has yielded a comparatively higher 15.71% annualized return.
MARFX
- 1D
- -0.34%
- 1M
- 2.02%
- 6M
- 12.75%
- YTD
- 16.41%
- 1Y
- 26.06%
- 3Y*
- 13.00%
- 5Y*
- 9.86%
- 10Y*
- 11.28%
- ALL TIME*
- 9.58%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $558.09M | $637.73M | $538.11M |
MARFX vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARFX BlackRock Mid-Cap Value Fund | 16.41% | 13.68% | 6.71% | 12.58% | -4.06% | 26.43% | 7.21% | 29.57% | -9.55% | 8.79% |
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 MARFX and MTUM is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013 | 0.65 |
The correlation between MARFX and MTUM shifts across timeframes, from 0.47 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MARFX vs. MTUM — Risk / Return Rank
MARFX
MTUM
MARFX vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Mid-Cap Value Fund (MARFX) 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.
| MARFX | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.40 | +1.14 |
| Martin ratioReturn relative to average drawdown | 9.83 | 5.72 | +4.11 |
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Drawdowns
MARFX vs. MTUM - Drawdown Comparison
The maximum MARFX drawdown since its inception was -55.39%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for MARFX and MTUM.
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Drawdown Indicators
| MARFX | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.39% | -34.08% | -21.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -17.99% | +8.49% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -20.99% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -32.28% | +12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -34.08% | -8.01% |
Current DrawdownCurrent decline from peak | -0.76% | -13.22% | +12.46% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -6.22% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 4.39% | -1.94% |
Volatility
MARFX vs. MTUM - Volatility Comparison
The current volatility for BlackRock Mid-Cap Value Fund (MARFX) is 3.26%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 11.22%. This indicates that MARFX 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
| MARFX | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 11.22% | -7.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 23.33% | -13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 25.53% | -12.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 21.89% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 21.72% | -2.83% |
MARFX vs. MTUM - Expense Ratio Comparison
MARFX has a 0.74% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
MARFX vs. MTUM - Dividend Comparison
MARFX's dividend yield for the trailing twelve months is around 9.17%, more than MTUM's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MARFX BlackRock Mid-Cap Value Fund | 9.17% | 11.33% | 7.46% | 3.70% | 4.50% | 11.16% | 2.13% | 3.95% | 8.41% | 22.19% | 5.43% | 15.72% |
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
MARFX and MTUM have a correlation of 0.47, 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 MARFX (3.26%). In terms of maximum drawdown, MARFX dropped -55.39% vs MTUM's -34.08%.
MARFX currently has the higher Sharpe Ratio (1.83 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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