NPFE vs. MTUM

Last updated Jun 6, 2026

NPFE (NPF Core Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - NPFE is a Large Cap Blend Equities fund actively managed by NPF Investment Advisors, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. NPFE is actively managed, while MTUM is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. NPFE charges 0.40%/yr vs 0.15%/yr for MTUM.

Performance

NPFE vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NPF Core Equity ETF (NPFE) and iShares MSCI USA Momentum Factor ETF (MTUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NPFE

• 1D: -1.98%
• 1M: 0.05%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MTUM

• 1D: -5.95%
• 1M: 2.44%
• YTD: 22.55%
• 6M: 21.67%
• 1Y: 33.50%
• 3Y*: 31.72%
• 5Y*: 13.56%
• 10Y*: 16.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NPFE vs. MTUM - Yearly Performance Comparison

	2026 (YTD)
NPFE NPF Core Equity ETF	6.29%
MTUM iShares MSCI USA Momentum Factor ETF	23.29%

Correlation

The correlation between NPFE and MTUM is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	0.75

Return for Risk

NPFE vs. MTUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTUM

MTUM Risk / Return Rank: 54
MTUM Sharpe Ratio Rank: 50
MTUM Sortino Ratio Rank: 47
MTUM Omega Ratio Rank: 51
MTUM Calmar Ratio Rank: 60
MTUM Martin Ratio Rank: 64

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.

NPFE vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NPF Core Equity ETF (NPFE) and iShares MSCI USA Momentum Factor ETF (MTUM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NPFE	MTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	0.81	+1.09

Drawdowns

NPFE vs. MTUM - Drawdown Comparison

The maximum NPFE drawdown since its inception was -5.36%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for NPFE and MTUM.

Drawdown Indicators

	NPFE	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-5.36%	-34.08%	+28.72%
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 Drawdown Current decline from peak	-1.98%	-6.99%	+5.01%
Average Drawdown Average peak-to-trough decline	-0.98%	-6.21%	+5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.92%	—

Volatility

Volatility by Period

	NPFE	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	20.03%	-4.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	20.77%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	21.12%	-5.67%

NPFE vs. MTUM - Expense Ratio Comparison

NPFE has a 0.40% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

NPFE vs. MTUM - Dividend Comparison

NPFE has not paid dividends to shareholders, while MTUM's dividend yield for the trailing twelve months is around 0.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTUM iShares MSCI USA Momentum Factor ETF	0.64%	0.91%	0.75%	1.35%	1.80%	0.55%	0.83%	1.48%	1.27%	1.02%	1.43%	1.12%
NPFE NPF Core Equity 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%

Frequently Asked Questions

Can I hold both NPFE and MTUM in my portfolio?

NPFE and MTUM have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NPFE or MTUM?

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.

Which ETF is cheaper, NPFE or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.40% for NPFE.

Which ETF pays a higher dividend yield, NPFE or MTUM?

MTUM has the higher dividend yield at 0.64%, compared with 0.00% for NPFE.

What is the main difference between NPFE and MTUM?

NPFE is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: NPF Investment Advisors and iShares. Their fees differ too: 0.40% for NPFE and 0.15% for MTUM.