MTUM vs. AGTHX
MTUM (iShares MSCI USA Momentum Factor ETF) and AGTHX (American Funds The Growth Fund of America Class A) are both funds - MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index, while AGTHX is a Large Cap Growth Equities fund actively managed by Capital Group. MTUM is passively managed, while AGTHX is actively managed. Over the past 10 years, MTUM returned 17.54%/yr vs 15.79%/yr for AGTHX. Their correlation of 0.87 suggests significant overlap in exposure. MTUM charges 0.15%/yr vs 0.59%/yr for AGTHX.
Performance
MTUM vs. AGTHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MTUM achieves a 33.55% return, which is significantly higher than AGTHX's 6.60% return. Over the past 10 years, MTUM has outperformed AGTHX with an annualized return of 17.54%, while AGTHX has yielded a comparatively lower 15.79% annualized return.
MTUM
- 1D
- 2.96%
- 1M
- 11.98%
- YTD
- 33.55%
- 6M
- 34.98%
- 1Y
- 46.22%
- 3Y*
- 33.86%
- 5Y*
- 15.90%
- 10Y*
- 17.54%
AGTHX
- 1D
- 0.27%
- 1M
- 0.45%
- YTD
- 6.60%
- 6M
- 7.72%
- 1Y
- 21.49%
- 3Y*
- 22.87%
- 5Y*
- 11.31%
- 10Y*
- 15.79%
MTUM vs. AGTHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 33.55% | 22.15% | 32.89% | 9.15% | -18.27% | 13.36% | 29.86% | 27.25% | -1.67% | 37.50% |
AGTHX American Funds The Growth Fund of America Class A | 6.60% | 19.73% | 28.02% | 37.22% | -30.75% | 19.32% | 37.83% | 28.16% | -3.15% | 26.14% |
Correlation
The correlation between MTUM and AGTHX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013 | 0.87 |
The correlation between MTUM and AGTHX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MTUM vs. AGTHX — Risk / Return Rank
MTUM
AGTHX
MTUM vs. AGTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) and American Funds The Growth Fund of America Class A (AGTHX). 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.
| MTUM | AGTHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 1.46 | +2.56 |
| Martin ratioReturn relative to average drawdown | 15.48 | 5.60 | +9.88 |
Loading charts...
Drawdowns
MTUM vs. AGTHX - Drawdown Comparison
The maximum MTUM drawdown since its inception was -34.08%, smaller than the maximum AGTHX drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for MTUM and AGTHX.
Loading charts...
Drawdown Indicators
| MTUM | AGTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -51.91% | +17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -13.76% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -20.99% | -21.57% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -32.28% | -36.38% | +4.10% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -36.38% | +2.30% |
Current DrawdownCurrent decline from peak | 0.00% | -3.49% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -9.19% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.59% | -0.60% |
Volatility
MTUM vs. AGTHX - Volatility Comparison
iShares MSCI USA Momentum Factor ETF (MTUM) has a higher volatility of 11.20% compared to American Funds The Growth Fund of America Class A (AGTHX) at 6.25%. This indicates that MTUM's price experiences larger fluctuations and is considered to be riskier than AGTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MTUM | AGTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 6.25% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 18.83% | 12.77% | +6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.08% | 16.00% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 20.37% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 19.75% | +1.48% |
MTUM vs. AGTHX - Expense Ratio Comparison
MTUM has a 0.15% expense ratio, which is lower than AGTHX's 0.59% expense ratio.
Dividends
MTUM vs. AGTHX - Dividend Comparison
MTUM's dividend yield for the trailing twelve months is around 0.70%, less than AGTHX's 10.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGTHX American Funds The Growth Fund of America Class A | 10.03% | 10.69% | 8.99% | 7.40% | 4.05% | 8.18% | 4.30% | 7.15% | 11.99% | 7.03% | 6.61% | 8.87% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.70% | 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
MTUM and AGTHX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (11.20%) compared to AGTHX (6.25%). In terms of maximum drawdown, MTUM dropped -34.08% vs AGTHX's -51.91%.
MTUM currently has the higher Sharpe Ratio (2.21 vs 1.26), 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.
Find the right allocation for MTUM and AGTHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer