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MTUM vs. QMOM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MTUM vs. QMOM

Last updated Jun 23, 2026

MTUM (iShares MSCI USA Momentum Factor ETF) and QMOM (Alpha Architect U.S. Quantitative Momentum ETF) are both Momentum funds. MTUM is passively managed, while QMOM is actively managed. Over the past 10 years, MTUM returned 18.03%/yr vs 13.88%/yr for QMOM. A 0.79 correlation means they provide meaningful diversification when combined. MTUM charges 0.15%/yr vs 0.28%/yr for QMOM.

Performance

MTUM vs. QMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Momentum Factor ETF (MTUM) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MTUM achieves a 38.19% return, which is significantly higher than QMOM's 23.08% return. Over the past 10 years, MTUM has outperformed QMOM with an annualized return of 18.03%, while QMOM has yielded a comparatively lower 13.88% annualized return.

MTUM

1D
1.98%
1M
13.83%
YTD
38.19%
6M
36.52%
1Y
50.96%
3Y*
35.93%
5Y*
16.53%
10Y*
18.03%

QMOM

1D
1.96%
1M
3.69%
YTD
23.08%
6M
20.63%
1Y
29.20%
3Y*
22.52%
5Y*
11.01%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MTUM vs. QMOM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MTUM
iShares MSCI USA Momentum Factor ETF		38.19%22.15%32.89%9.15%-18.27%13.36%29.86%27.25%-1.67%37.50%
QMOM
Alpha Architect U.S. Quantitative Momentum ETF		23.08%2.36%30.43%9.50%-6.99%-4.06%61.94%28.39%-11.75%15.92%

Correlation

The correlation between MTUM and QMOM is 0.84, 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

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2016

0.79

The correlation between MTUM and QMOM has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

MTUM vs. QMOM - Sectors Allocation Comparison

Sectors
MTUM
QMOM

Technology

50.2%
24.6%

Industrials

15.0%
25.6%

Energy

10.5%
16.0%

Communication Services

5.1%
2.0%

Financial Services

5.0%
1.9%

Consumer Defensive

3.7%
2.0%

Healthcare

3.5%
8.0%

Consumer Cyclical

2.9%
6.0%

Basic Materials

2.3%
15.9%

Real Estate

1.3%

-

Utilities

0.6%
2.0%

Technology

MTUM
50.2%
QMOM
24.6%

Industrials

MTUM
15.0%
QMOM
25.6%

Energy

MTUM
10.5%
QMOM
16.0%

Communication Services

MTUM
5.1%
QMOM
2.0%

Financial Services

MTUM
5.0%
QMOM
1.9%

Consumer Defensive

MTUM
3.7%
QMOM
2.0%

Healthcare

MTUM
3.5%
QMOM
8.0%

Consumer Cyclical

MTUM
2.9%
QMOM
6.0%

Basic Materials

MTUM
2.3%
QMOM
15.9%

Real Estate

MTUM
1.3%
QMOM

-

Utilities

MTUM
0.6%
QMOM
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Momentum Factor ETF

Alpha Architect U.S. Quantitative Momentum ETF

Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. IDMO
Often compared with QMOM:
QMOM vs. SPMOQMOM vs. IWMO.LQMOM vs. VFMOQMOM vs. VOOQMOM vs. AVUVQMOM vs. XMMOQMOM vs. AMOM

Return for Risk

MTUM vs. QMOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MTUM
MTUM Risk / Return Rank: 7979
Overall Rank
MTUM Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 7272
Sortino Ratio Rank
MTUM Omega Ratio Rank: 7575
Omega Ratio Rank
MTUM Calmar Ratio Rank: 8585
Calmar Ratio Rank
MTUM Martin Ratio Rank: 8585
Martin Ratio Rank
QMOM
QMOM Risk / Return Rank: 4040
Overall Rank
QMOM Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
QMOM Sortino Ratio Rank: 3333
Sortino Ratio Rank
QMOM Omega Ratio Rank: 3434
Omega Ratio Rank
QMOM Calmar Ratio Rank: 4848
Calmar Ratio Rank
QMOM Martin Ratio Rank: 4949
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MTUM vs. QMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM). 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.

MTUMQMOMDifference
Sharpe ratioReturn per unit of total volatility
2.39
1.19

+1.19

Sortino ratioReturn per unit of downside risk
3.10
1.70

+1.40

Omega ratioGain probability vs. loss probability

1.43

1.22

+0.20

Calmar ratioReturn relative to maximum drawdown

4.44

2.32

+2.12

Martin ratioReturn relative to average drawdown

17.05

8.16

+8.89

MTUM vs. QMOM - Sharpe Ratio Comparison

The current MTUM Sharpe Ratio is 2.39, which is higher than the QMOM Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of MTUM and QMOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MTUM vs. QMOM - Drawdown Comparison

The maximum MTUM drawdown since its inception was -34.08%, smaller than the maximum QMOM drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for MTUM and QMOM.

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Drawdown Indicators

MTUMQMOMDifference

Max Drawdown

Largest peak-to-trough decline

-34.08%

-39.13%

+5.05%

Max Drawdown (1Y)

Largest decline over 1 year

-11.54%

-12.65%

+1.11%

Max Drawdown (3Y)

Largest decline over 3 years

-20.99%

-26.46%

+5.47%

Max Drawdown (5Y)

Largest decline over 5 years

-32.28%

-26.82%

-5.46%

Max Drawdown (10Y)

Largest decline over 10 years

-34.08%

-39.13%

+5.05%

Current Drawdown

Current decline from peak

0.00%

-1.63%

+1.63%

Average Drawdown

Average peak-to-trough decline

-6.19%

-12.89%

+6.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

3.59%

-0.59%

Volatility

MTUM vs. QMOM - Volatility Comparison

iShares MSCI USA Momentum Factor ETF (MTUM) has a higher volatility of 11.02% compared to Alpha Architect U.S. Quantitative Momentum ETF (QMOM) at 9.10%. This indicates that MTUM's price experiences larger fluctuations and is considered to be riskier than QMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MTUMQMOMDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.02%

9.10%

+1.92%

Volatility (6M)

Calculated over the trailing 6-month period

18.88%

21.01%

-2.13%

Volatility (1Y)

Calculated over the trailing 1-year period

21.48%

24.60%

-3.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.06%

24.40%

-3.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.28%

26.61%

-5.33%

MTUM vs. QMOM - Expense Ratio Comparison

MTUM has a 0.15% expense ratio, which is lower than QMOM's 0.28% expense ratio.

Dividends

MTUM vs. QMOM - Dividend Comparison

MTUM's dividend yield for the trailing twelve months is around 0.54%, more than QMOM's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
MTUM
iShares MSCI USA Momentum Factor ETF		0.54%0.91%0.75%1.35%1.80%0.55%0.83%1.48%1.27%1.02%1.43%1.12%
QMOM
Alpha Architect U.S. Quantitative Momentum ETF		0.44%0.54%1.40%0.87%1.59%0.12%0.08%0.01%0.05%0.13%0.34%0.00%

Frequently Asked Questions

MTUM and QMOM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTUM has higher volatility (11.02%) compared to QMOM (9.10%). In terms of maximum drawdown, MTUM dropped -34.08% vs QMOM's -39.13%.

On 10-year performance, MTUM leads with 18.03% vs 13.88% for QMOM. On fees, MTUM is cheaper at 0.15% per year. On volatility, QMOM has been the lower-risk option at 9.10%. 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 18.03% return vs 13.88%. 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 0.28% for QMOM.

MTUM has the higher dividend yield at 0.54%, compared with 0.44% for QMOM.

They also come from different issuers: iShares and Alpha Architect. Their fees differ too: 0.15% for MTUM and 0.28% for QMOM.

MTUM currently has the higher Sharpe Ratio (2.39 vs 1.19), 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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