MIGO vs. AMOM

Last updated Jul 12, 2026

MIGO (MIG Core ETF) and AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) are both exchange-traded funds - MIGO is a Large Cap Blend Equities fund actively managed by Exchange Traded Concepts, while AMOM is a Momentum fund actively managed by Exchange Traded Concepts. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. MIGO charges 0.45%/yr vs 0.75%/yr for AMOM.

Performance

MIGO vs. AMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MIG Core ETF (MIGO) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MIGO

• 1D: 0.17%
• 1M: 3.26%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMOM

• 1D: -0.23%
• 1M: -1.43%
• 6M: 20.03%
• YTD: 23.47%
• 1Y: 32.11%
• 3Y*: 24.11%
• 5Y*: 10.69%
• 10Y*: —

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

MIGO vs. AMOM - Yearly Performance Comparison

	2026 (YTD)
MIGO MIG Core ETF	22.06%
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	16.29%

Correlation

The correlation between MIGO and AMOM is 0.90, 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 Feb 23, 2026	0.90

Return for Risk

MIGO vs. AMOM — Risk / Return Rank

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

MIGO

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

AMOM

AMOM Risk / Return Rank: 49
AMOM Sharpe Ratio Rank: 44
AMOM Sortino Ratio Rank: 41
AMOM Omega Ratio Rank: 43
AMOM Calmar Ratio Rank: 62
AMOM Martin Ratio Rank: 58

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.

MIGO vs. AMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MIG Core ETF (MIGO) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM). 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.

	MIGO	AMOM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.24	—
Sortino ratio: Return per unit of downside risk	—	1.71	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	8.03	—

Drawdowns

MIGO vs. AMOM - Drawdown Comparison

The maximum MIGO drawdown since its inception was -13.39%, smaller than the maximum AMOM drawdown of -39.68%. Use the drawdown chart below to compare losses from any high point for MIGO and AMOM.

Drawdown Indicators

	MIGO	AMOM	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-39.68%	+26.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.68%	—
Current Drawdown Current decline from peak	-1.78%	-6.83%	+5.05%
Average Drawdown Average peak-to-trough decline	-2.77%	-10.71%	+7.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.02%	—

Volatility

Volatility by Period

	MIGO	AMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.48%	26.09%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.48%	24.64%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.48%	25.42%	+0.06%

MIGO vs. AMOM - Expense Ratio Comparison

MIGO has a 0.45% expense ratio, which is lower than AMOM's 0.75% expense ratio.

Dividends

MIGO vs. AMOM - Dividend Comparison

MIGO has not paid dividends to shareholders, while AMOM's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.03%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%
MIGO MIG Core ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MIGO and AMOM in my portfolio?

With a correlation of 0.90, MIGO and AMOM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MIGO or AMOM?

On fees, MIGO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MIGO or AMOM?

MIGO is cheaper with a 0.45% expense ratio, compared with 0.75% for AMOM.

Which ETF pays a higher dividend yield, MIGO or AMOM?

AMOM has the higher dividend yield at 0.03%, compared with 0.00% for MIGO.

What is the main difference between MIGO and AMOM?

MIGO is categorized as Large Cap Blend Equities, while AMOM is Momentum. Their fees differ too: 0.45% for MIGO and 0.75% for AMOM.