MTUM vs. AVIE
Compare and contrast key facts about iShares MSCI USA Momentum Factor ETF (MTUM) and Avantis Inflation Focused Equity ETF (AVIE).
MTUM and AVIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum SR Variant Index. It was launched on Apr 16, 2013. AVIE is an actively managed fund by Avantis. It was launched on Sep 27, 2022.
Performance
MTUM vs. AVIE - Performance Comparison
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MTUM vs. AVIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | -1.69% | 22.15% | 32.89% | 9.15% | 10.54% |
AVIE Avantis Inflation Focused Equity ETF | 10.72% | 11.37% | 6.17% | 4.19% | 14.70% |
Returns By Period
In the year-to-date period, MTUM achieves a -1.69% return, which is significantly lower than AVIE's 10.72% return.
MTUM
- 1D
- 0.25%
- 1M
- -0.38%
- YTD
- -1.69%
- 6M
- -3.55%
- 1Y
- 20.25%
- 3Y*
- 21.22%
- 5Y*
- 9.74%
- 10Y*
- 14.17%
AVIE
- 1D
- 0.12%
- 1M
- -0.99%
- YTD
- 10.72%
- 6M
- 15.68%
- 1Y
- 14.41%
- 3Y*
- 11.37%
- 5Y*
- —
- 10Y*
- —
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MTUM vs. AVIE - Expense Ratio Comparison
MTUM has a 0.15% expense ratio, which is lower than AVIE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MTUM vs. AVIE — Risk / Return Rank
MTUM
AVIE
MTUM vs. AVIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) and Avantis Inflation Focused Equity ETF (AVIE). 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.
| MTUM | AVIE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.99 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.38 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.30 | +0.48 |
Martin ratioReturn relative to average drawdown | 6.63 | 3.72 | +2.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MTUM | AVIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.99 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.05 | -0.32 |
Correlation
The correlation between MTUM and AVIE is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MTUM vs. AVIE - Dividend Comparison
MTUM's dividend yield for the trailing twelve months is around 0.80%, less than AVIE's 1.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 0.80% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
AVIE Avantis Inflation Focused Equity ETF | 1.48% | 1.75% | 1.89% | 3.72% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MTUM vs. AVIE - Drawdown Comparison
The maximum MTUM drawdown since its inception was -34.08%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for MTUM and AVIE.
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Drawdown Indicators
| MTUM | AVIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -12.39% | -21.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -9.01% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -32.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | — | — |
Current DrawdownCurrent decline from peak | -5.76% | -2.59% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -3.09% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 4.03% | -0.75% |
Volatility
MTUM vs. AVIE - Volatility Comparison
iShares MSCI USA Momentum Factor ETF (MTUM) has a higher volatility of 8.34% compared to Avantis Inflation Focused Equity ETF (AVIE) at 2.69%. This indicates that MTUM's price experiences larger fluctuations and is considered to be riskier than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTUM | AVIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 2.69% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 7.35% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.01% | 14.65% | +8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 13.09% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 13.09% | +7.73% |