MTUM vs. PONPX
MTUM (iShares MSCI USA Momentum Factor ETF) and PONPX (PIMCO Income Fund Class I-2) are both funds - MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index, while PONPX is a Total Bond Market fund managed by PIMCO. Over the past 10 years, MTUM returned 17.15%/yr vs 4.60%/yr for PONPX. At a 0.24 correlation, their price movements are largely independent. MTUM charges 0.15%/yr vs 0.72%/yr for PONPX.
Performance
MTUM vs. PONPX - 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 PONPX's 0.86% return. Over the past 10 years, MTUM has outperformed PONPX with an annualized return of 17.15%, while PONPX has yielded a comparatively lower 4.60% 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%
PONPX
- 1D
- 0.56%
- 1M
- 0.90%
- YTD
- 0.86%
- 6M
- 1.73%
- 1Y
- 7.78%
- 3Y*
- 7.58%
- 5Y*
- 3.34%
- 10Y*
- 4.60%
MTUM vs. PONPX - 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% |
PONPX PIMCO Income Fund Class I-2 | 0.86% | 10.96% | 5.33% | 9.24% | -9.14% | 2.51% | 5.73% | 7.99% | 0.53% | 8.52% |
Correlation
The correlation between MTUM and PONPX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013 | 0.24 |
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Return for Risk
MTUM vs. PONPX — Risk / Return Rank
MTUM
PONPX
MTUM vs. PONPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) and PIMCO Income Fund Class I-2 (PONPX). 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 | PONPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.10 | +1.45 |
| Martin ratioReturn relative to average drawdown | 13.66 | 7.08 | +6.57 |
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Drawdowns
MTUM vs. PONPX - Drawdown Comparison
The maximum MTUM drawdown since its inception was -34.08%, which is greater than PONPX's maximum drawdown of -13.41%. Use the drawdown chart below to compare losses from any high point for MTUM and PONPX.
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Drawdown Indicators
| MTUM | PONPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -13.41% | -20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -3.69% | -7.85% |
Max Drawdown (3Y)Largest decline over 3 years | -20.99% | -3.86% | -17.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.28% | -13.41% | -18.87% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -13.41% | -20.67% |
Current DrawdownCurrent decline from peak | -1.55% | -1.05% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -1.45% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 1.09% | +1.90% |
Volatility
MTUM vs. PONPX - Volatility Comparison
iShares MSCI USA Momentum Factor ETF (MTUM) has a higher volatility of 10.89% compared to PIMCO Income Fund Class I-2 (PONPX) at 1.67%. This indicates that MTUM's price experiences larger fluctuations and is considered to be riskier than PONPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTUM | PONPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.89% | 1.67% | +9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 18.63% | 3.36% | +15.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 4.16% | +16.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 4.85% | +16.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 4.25% | +16.95% |
MTUM vs. PONPX - Expense Ratio Comparison
MTUM has a 0.15% expense ratio, which is lower than PONPX's 0.72% expense ratio.
Dividends
MTUM vs. PONPX - Dividend Comparison
MTUM's dividend yield for the trailing twelve months is around 0.61%, less than PONPX's 5.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PONPX PIMCO Income Fund Class I-2 | 5.73% | 5.91% | 6.16% | 6.11% | 4.89% | 3.92% | 4.78% | 5.73% | 5.56% | 5.27% | 5.42% | 7.77% |
Frequently Asked Questions
MTUM and PONPX have a correlation of 0.30, 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 PONPX (1.67%). In terms of maximum drawdown, MTUM dropped -34.08% vs PONPX's -13.41%.
MTUM currently has the higher Sharpe Ratio (1.96 vs 1.86), 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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