PQUS vs. MTUM
PQUS (Pictet AI Enhanced US Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - PQUS is a Large Cap Blend Equities fund actively managed by Pictet, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. PQUS is actively managed, while MTUM is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. PQUS charges 0.30%/yr vs 0.15%/yr for MTUM.
Performance
PQUS vs. MTUM - Performance Comparison
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Returns By Period
PQUS
- 1D
- -1.25%
- 1M
- 0.34%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MTUM
- 1D
- -0.08%
- 1M
- -4.79%
- 6M
- 22.86%
- YTD
- 25.69%
- 1Y
- 31.56%
- 3Y*
- 30.36%
- 5Y*
- 13.70%
- 10Y*
- 16.25%
- ALL TIME*
- 16.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $615.43M | $623.72M | $497.28M | |
| $263.35K | $1.17M | $490.77K |
PQUS vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PQUS Pictet AI Enhanced US Equity ETF | 8.52% |
MTUM iShares MSCI USA Momentum Factor ETF | 22.71% |
Correlation
The correlation between PQUS 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 Feb 26, 2026 | 0.75 |
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Return for Risk
PQUS vs. MTUM — Risk / Return Rank
PQUS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MTUM
PQUS vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced US Equity ETF (PQUS) 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.
| PQUS | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.54 | — |
| Martin ratioReturn relative to average drawdown | — | 8.31 | — |
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Drawdowns
PQUS vs. MTUM - Drawdown Comparison
The maximum PQUS drawdown since its inception was -7.19%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for PQUS and MTUM.
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Drawdown Indicators
| PQUS | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.19% | -34.08% | +26.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.49% | — |
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 | -2.30% | -9.05% | +6.75% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -6.20% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.81% | — |
Volatility
PQUS vs. MTUM - Volatility Comparison
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Volatility by Period
| PQUS | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 24.36% | -9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 21.63% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 21.58% | -7.16% |
PQUS vs. MTUM - Expense Ratio Comparison
PQUS has a 0.30% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
PQUS vs. MTUM - Dividend Comparison
PQUS has not paid dividends to shareholders, while MTUM's dividend yield for the trailing twelve months is around 0.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 0.59% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
PQUS Pictet AI Enhanced US 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
PQUS 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.
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 0.30% for PQUS.
MTUM has the higher dividend yield at 0.59%, compared with 0.00% for PQUS.
PQUS is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Pictet and iShares. Their fees differ too: 0.30% for PQUS and 0.15% for MTUM.
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