MFMO vs. MTUL

Last updated Jun 24, 2026

MFMO (Motley Fool Momentum Factor ETF) and MTUL (ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN) are both Momentum funds. MFMO is actively managed, while MTUL is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. MFMO charges 0.50%/yr vs 0.95%/yr for MTUL.

Performance

MFMO vs. MTUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Motley Fool Momentum Factor ETF (MFMO) and ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFMO achieves a 24.12% return, which is significantly lower than MTUL's 66.24% return.

MFMO

• 1D: -3.40%
• 1M: 1.24%
• YTD: 24.12%
• 6M: 22.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MTUL

• 1D: -6.87%
• 1M: 15.33%
• YTD: 66.24%
• 6M: 59.30%
• 1Y: 84.36%
• 3Y*: 59.11%
• 5Y*: 20.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MFMO vs. MTUL - Yearly Performance Comparison

	2026 (YTD)	2025
MFMO Motley Fool Momentum Factor ETF	24.12%	-1.80%
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN	66.24%	-2.53%

Correlation

The correlation between MFMO and MTUL is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.88

Return for Risk

MFMO vs. MTUL — Risk / Return Rank

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

MFMO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MTUL

MTUL Risk / Return Rank: 63
MTUL Sharpe Ratio Rank: 57
MTUL Sortino Ratio Rank: 51
MTUL Omega Ratio Rank: 54
MTUL Calmar Ratio Rank: 74
MTUL Martin Ratio Rank: 77

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.

MFMO vs. MTUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Motley Fool Momentum Factor ETF (MFMO) and ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL). 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.

	MFMO	MTUL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.79	—
Sortino ratio: Return per unit of downside risk	—	2.33	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	3.55	—
Martin ratio: Return relative to average drawdown	—	13.96	—

Drawdowns

MFMO vs. MTUL - Drawdown Comparison

The maximum MFMO drawdown since its inception was -12.05%, smaller than the maximum MTUL drawdown of -56.83%. Use the drawdown chart below to compare losses from any high point for MFMO and MTUL.

Drawdown Indicators

	MFMO	MTUL	Difference
Max Drawdown Largest peak-to-trough decline	-12.05%	-56.83%	+44.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-23.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-56.83%	—
Current Drawdown Current decline from peak	-3.40%	-6.87%	+3.47%
Average Drawdown Average peak-to-trough decline	-2.41%	-22.48%	+20.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.06%	—

Volatility

Volatility by Period

	MFMO	MTUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.66%	47.37%	-20.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.66%	43.49%	-16.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.66%	44.11%	-17.45%

MFMO vs. MTUL - Expense Ratio Comparison

MFMO has a 0.50% expense ratio, which is lower than MTUL's 0.95% expense ratio.

Dividends

MFMO vs. MTUL - Dividend Comparison

Neither MFMO nor MTUL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MFMO and MTUL in my portfolio?

MFMO and MTUL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MFMO or MTUL?

On fees, MFMO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFMO or MTUL?

MFMO is cheaper with a 0.50% expense ratio, compared with 0.95% for MTUL.

Which ETF pays a higher dividend yield, MFMO or MTUL?

MFMO and MTUL have nearly identical dividend yields, around 0.00%.

What is the main difference between MFMO and MTUL?

They also come from different issuers: Motley Fool and UBS. Their fees differ too: 0.50% for MFMO and 0.95% for MTUL.