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PAGS vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PAGS vs. MTUM

Last updated Jun 25, 2026

PAGS (PagSeguro Digital Ltd.) is a stock, while MTUM (iShares MSCI USA Momentum Factor ETF) is Momentum fund tracking the MSCI USA Momentum SR Variant Index. Over the past 5 years, PAGS returned -30.02%/yr vs 15.03%/yr for MTUM. At a 0.48 correlation, their price movements are largely independent.

Performance

PAGS vs. MTUM - Performance Comparison

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

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Returns By Period

In the year-to-date period, PAGS achieves a -5.89% return, which is significantly lower than MTUM's 31.46% return.

PAGS

1D
0.11%
1M
-4.05%
YTD
-5.89%
6M
-6.95%
1Y
-6.42%
3Y*
-2.06%
5Y*
-30.02%
10Y*
—

MTUM

1D
-0.41%
1M
8.29%
YTD
31.46%
6M
28.81%
1Y
39.62%
3Y*
33.68%
5Y*
15.03%
10Y*
17.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PAGS vs. MTUM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PAGS
PagSeguro Digital Ltd.		-5.89%60.75%-49.80%42.68%-66.67%-53.90%66.51%82.38%-33.58%
MTUM
iShares MSCI USA Momentum Factor ETF		31.46%22.15%32.89%9.15%-18.27%13.36%29.86%27.25%-9.44%

Correlation

The correlation between PAGS and MTUM is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

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

0.40

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

0.44

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2018

0.48

Compare stocks, funds, or ETFs

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PagSeguro Digital Ltd.

iShares MSCI USA Momentum Factor ETF

Often compared with PAGS:
PAGS vs. STNEPAGS vs. NUPAGS vs. PYPLPAGS vs. SPYPAGS vs. IBKRPAGS vs. BLKPAGS vs. VOO
Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

PAGS vs. MTUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PAGS
PAGS Risk / Return Rank: 3636
Overall Rank
PAGS Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
PAGS Sortino Ratio Rank: 3535
Sortino Ratio Rank
PAGS Omega Ratio Rank: 3434
Omega Ratio Rank
PAGS Calmar Ratio Rank: 3636
Calmar Ratio Rank
PAGS Martin Ratio Rank: 3535
Martin Ratio Rank
MTUM
MTUM Risk / Return Rank: 6666
Overall Rank
MTUM Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 5656
Sortino Ratio Rank
MTUM Omega Ratio Rank: 6161
Omega Ratio Rank
MTUM Calmar Ratio Rank: 7575
Calmar Ratio Rank
MTUM Martin Ratio Rank: 7676
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.

PAGS vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PagSeguro Digital Ltd. (PAGS) 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.

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.

PAGSMTUMDifference
Sharpe ratioReturn per unit of total volatility
-0.14
1.82

-1.96

Sortino ratioReturn per unit of downside risk
0.12
2.43

-2.31

Omega ratioGain probability vs. loss probability

1.01

1.33

-0.32

Calmar ratioReturn relative to maximum drawdown

-0.24

3.45

-3.68

Martin ratioReturn relative to average drawdown

-0.49

13.13

-13.61

PAGS vs. MTUM - Sharpe Ratio Comparison

The current PAGS Sharpe Ratio is -0.14, which is lower than the MTUM Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PAGS and MTUM, 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

PAGS vs. MTUM - Drawdown Comparison

The maximum PAGS drawdown since its inception was -90.00%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for PAGS and MTUM.

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Drawdown Indicators

PAGSMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-90.00%

-34.08%

-55.92%

Max Drawdown (1Y)

Largest decline over 1 year

-27.21%

-11.54%

-15.67%

Max Drawdown (3Y)

Largest decline over 3 years

-57.60%

-20.99%

-36.61%

Max Drawdown (5Y)

Largest decline over 5 years

-89.84%

-32.28%

-57.56%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.08%

—

Current Drawdown

Current decline from peak

-84.71%

-4.87%

-79.84%

Average Drawdown

Average peak-to-trough decline

-55.57%

-6.19%

-49.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.65%

3.03%

+10.62%

Volatility

PAGS vs. MTUM - Volatility Comparison

The current volatility for PagSeguro Digital Ltd. (PAGS) is 9.01%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.23%. This indicates that PAGS experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PAGSMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.01%

12.23%

-3.22%

Volatility (6M)

Calculated over the trailing 6-month period

33.26%

19.36%

+13.90%

Volatility (1Y)

Calculated over the trailing 1-year period

46.84%

21.89%

+24.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

61.40%

21.15%

+40.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.98%

21.31%

+39.67%

Dividends

PAGS vs. MTUM - Dividend Comparison

PAGS's dividend yield for the trailing twelve months is around 7.07%, more than MTUM's 0.56% yield.

PositionTTM20252024202320222021202020192018201720162015
MTUM
iShares MSCI USA Momentum Factor ETF		0.56%0.91%0.75%1.35%1.80%0.55%0.83%1.48%1.27%1.02%1.43%1.12%
PAGS
PagSeguro Digital Ltd.		7.07%3.94%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PAGS and MTUM have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTUM has higher volatility (12.23%) compared to PAGS (9.01%). In terms of maximum drawdown, PAGS dropped -90.00% vs MTUM's -34.08%.

MTUM currently has the higher Sharpe Ratio (1.82 vs -0.14), 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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