MTUM vs. EDV
MTUM (iShares MSCI USA Momentum Factor ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index, while EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past 10 years, MTUM returned 17.15%/yr vs -3.49%/yr for EDV. At a correlation of -0.11, they often move in opposite directions. MTUM charges 0.15%/yr vs 0.05%/yr for EDV.
Performance
MTUM vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, MTUM achieves a 29.72% return, which is significantly higher than EDV's 0.01% return. Over the past 10 years, MTUM has outperformed EDV with an annualized return of 17.15%, while EDV has yielded a comparatively lower -3.49% annualized return.
MTUM
- 1D
- 1.69%
- 1M
- 5.58%
- YTD
- 29.72%
- 6M
- 30.51%
- 1Y
- 42.02%
- 3Y*
- 33.16%
- 5Y*
- 14.96%
- 10Y*
- 17.15%
EDV
- 1D
- -0.39%
- 1M
- 2.28%
- YTD
- 0.01%
- 6M
- 0.03%
- 1Y
- 3.37%
- 3Y*
- -4.76%
- 5Y*
- -10.27%
- 10Y*
- -3.49%
MTUM vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 29.72% | 22.15% | 32.89% | 9.15% | -18.27% | 13.36% | 29.86% | 27.25% | -1.67% | 37.50% |
EDV Vanguard Extended Duration Treasury ETF | 0.01% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between MTUM and EDV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013 | -0.11 |
The correlation between MTUM and EDV shifts across timeframes, from -0.11 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MTUM vs. EDV — Risk / Return Rank
MTUM
EDV
MTUM vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) and Vanguard Extended Duration Treasury ETF (EDV). 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 | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.03 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 0.14 | +3.41 |
| Martin ratioReturn relative to average drawdown | 13.66 | 0.31 | +13.35 |
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Drawdowns
MTUM vs. EDV - Drawdown Comparison
The maximum MTUM drawdown since its inception was -34.08%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for MTUM and EDV.
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Drawdown Indicators
| MTUM | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -59.96% | +25.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -12.54% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -20.99% | -26.99% | +6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -32.28% | -55.03% | +22.75% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -59.96% | +25.88% |
Current DrawdownCurrent decline from peak | -1.55% | -54.12% | +52.57% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -23.48% | +17.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 5.55% | -2.56% |
Volatility
MTUM vs. EDV - Volatility Comparison
iShares MSCI USA Momentum Factor ETF (MTUM) has a higher volatility of 10.89% compared to Vanguard Extended Duration Treasury ETF (EDV) at 4.21%. This indicates that MTUM's price experiences larger fluctuations and is considered to be riskier than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTUM | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.89% | 4.21% | +6.68% |
Volatility (6M)Calculated over the trailing 6-month period | 18.63% | 9.89% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 14.54% | +6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 21.62% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 19.82% | +1.38% |
MTUM vs. EDV - Expense Ratio Comparison
MTUM has a 0.15% expense ratio, which is higher than EDV's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MTUM vs. EDV - Dividend Comparison
MTUM's dividend yield for the trailing twelve months is around 0.61%, less than EDV's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.95% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.61% | 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 EDV have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (10.89%) compared to EDV (4.21%). In terms of maximum drawdown, MTUM dropped -34.08% vs EDV's -59.96%.
On 10-year performance, MTUM leads with 17.15% vs -3.49% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, EDV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MTUM has performed better with a 17.15% return vs -3.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.15% for MTUM.
EDV has the higher dividend yield at 4.95%, compared with 0.61% for MTUM.
MTUM is categorized as Momentum, while EDV is Government Bonds. MTUM tracks MSCI USA Momentum SR Variant Index, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for MTUM and 0.05% for EDV.
MTUM currently has the higher Sharpe Ratio (1.96 vs 0.12), 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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