MTUM vs. IBIT
MTUM (iShares MSCI USA Momentum Factor ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, MTUM returned 40.55% vs -39.60% for IBIT. At a 0.40 correlation, their price movements are largely independent. MTUM charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
MTUM vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MTUM achieves a 30.30% return, which is significantly higher than IBIT's -27.45% return.
MTUM
- 1D
- -1.10%
- 1M
- 11.94%
- YTD
- 30.30%
- 6M
- 29.99%
- 1Y
- 40.55%
- 3Y*
- 34.34%
- 5Y*
- 14.96%
- 10Y*
- 17.19%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 30.30% | 22.15% | 30.94% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between MTUM and IBIT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.40 |
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. IBIT — Risk / Return Rank
MTUM
IBIT
MTUM vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.86 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | -0.80 | +4.33 |
| Martin ratioReturn relative to average drawdown | 14.10 | -1.39 | +15.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MTUM | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | -0.91 | +3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.27 | +0.57 |
Drawdowns
MTUM vs. IBIT - Drawdown Comparison
The maximum MTUM drawdown since its inception was -34.08%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for MTUM and IBIT.
Loading charts...
Drawdown Indicators
| MTUM | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -49.47% | +15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -49.47% | +37.93% |
Max Drawdown (3Y)Largest decline over 3 years | -20.99% | — | — |
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 | -1.10% | -49.47% | +48.37% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -16.07% | +9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 28.61% | -25.72% |
Volatility
MTUM vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI USA Momentum Factor ETF (MTUM) is 7.67%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that MTUM experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MTUM | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 9.14% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 33.89% | -17.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.08% | 43.76% | -24.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 50.18% | -29.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 50.18% | -29.15% |
MTUM vs. IBIT - Expense Ratio Comparison
MTUM has a 0.15% expense ratio, which is lower than IBIT'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%.
Dividends
MTUM vs. IBIT - Dividend Comparison
MTUM's dividend yield for the trailing twelve months is around 0.60%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.60% | 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 IBIT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to MTUM (7.67%). In terms of maximum drawdown, MTUM dropped -34.08% vs IBIT's -49.47%.
On 1-year performance, MTUM leads with 40.55% vs -39.60% for IBIT. On fees, MTUM is cheaper at 0.15% per year. On volatility, MTUM has been the lower-risk option at 7.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MTUM has performed better with a 40.55% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTUM is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
MTUM has the higher dividend yield at 0.60%, compared with 0.00% for IBIT.
MTUM is categorized as Momentum, while IBIT is Cryptocurrency. MTUM tracks MSCI USA Momentum SR Variant Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for MTUM and 0.25% for IBIT.
MTUM currently has the higher Sharpe Ratio (2.14 vs -0.91), 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 IBIT
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