MTUM vs. SMOM
MTUM (iShares MSCI USA Momentum Factor ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. MTUM is passively managed, while SMOM is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. MTUM charges 0.15%/yr vs 0.63%/yr for SMOM.
Performance
MTUM vs. SMOM - Performance Comparison
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Returns By Period
In the year-to-date period, MTUM achieves a 30.30% return, which is significantly higher than SMOM's 9.82% 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%
SMOM
- 1D
- 0.27%
- 1M
- 5.93%
- YTD
- 9.82%
- 6M
- 10.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM vs. SMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 30.30% | -1.10% |
SMOM Symmetry Panoramic Sector Momentum ETF | 9.82% | 2.81% |
Correlation
The correlation between MTUM and SMOM is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.83 |
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Return for Risk
MTUM vs. SMOM — Risk / Return Rank
MTUM
SMOM
MTUM vs. SMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) and Symmetry Panoramic Sector Momentum ETF (SMOM). 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 | SMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | — | — |
| Martin ratioReturn relative to average drawdown | 14.10 | — | — |
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 | SMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | — | — |
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 | 1.45 | -0.60 |
Drawdowns
MTUM vs. SMOM - Drawdown Comparison
The maximum MTUM drawdown since its inception was -34.08%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for MTUM and SMOM.
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Drawdown Indicators
| MTUM | SMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -7.45% | -26.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | — | — |
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% | 0.00% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -1.48% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | — | — |
Volatility
MTUM vs. SMOM - Volatility Comparison
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Volatility by Period
| MTUM | SMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.08% | 12.62% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 12.62% | +7.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 12.62% | +8.41% |
MTUM vs. SMOM - Expense Ratio Comparison
MTUM has a 0.15% expense ratio, which is lower than SMOM's 0.63% expense ratio.
Dividends
MTUM vs. SMOM - Dividend Comparison
MTUM's dividend yield for the trailing twelve months is around 0.60%, more than SMOM's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SMOM Symmetry Panoramic Sector Momentum ETF | 0.15% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MTUM and SMOM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MTUM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MTUM is cheaper with a 0.15% expense ratio, compared with 0.63% for SMOM.
MTUM has the higher dividend yield at 0.60%, compared with 0.15% for SMOM.
MTUM is categorized as Momentum, while SMOM is Large Cap Blend Equities. They also come from different issuers: iShares and Symmetry Partners. Their fees differ too: 0.15% for MTUM and 0.63% for SMOM.
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