PTL vs. MTUM

Last updated Jun 5, 2026

PTL (Inspire 500 ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - PTL is a Large Cap Blend Equities fund tracking the Inspire 500 Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past year, PTL returned 30.21% vs 40.55% for MTUM. Their correlation of 0.85 suggests significant overlap in exposure. PTL charges 0.09%/yr vs 0.15%/yr for MTUM.

Performance

PTL vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire 500 ETF (PTL) and iShares MSCI USA Momentum Factor ETF (MTUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTL achieves a 16.18% return, which is significantly lower than MTUM's 30.30% return.

PTL

• 1D: -1.46%
• 1M: 2.80%
• YTD: 16.18%
• 6M: 13.82%
• 1Y: 30.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

PTL vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTL Inspire 500 ETF	16.18%	17.92%	7.90%
MTUM iShares MSCI USA Momentum Factor ETF	30.30%	22.15%	10.96%

Correlation

The correlation between PTL and MTUM 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 (All Time) Calculated using the full available price history since Mar 27, 2024	0.85

The correlation between PTL and MTUM has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

PTL vs. MTUM - Sectors Allocation Comparison

Sectors	PTL	MTUM
Technology	30.5%	44.4%
Industrials	19.5%	15.6%
Energy	10.0%	3.5%
Financial Services	7.9%	10.4%
Consumer Cyclical	7.0%	3.6%
Basic Materials	6.2%	1.7%
Real Estate	6.1%	1.8%
Healthcare	5.1%	6.9%
Utilities	4.7%	1.6%
Consumer Defensive	2.2%	3.3%
Communication Services	1.0%	7.4%

Return for Risk

PTL vs. MTUM — Risk / Return Rank

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

PTL

PTL Risk / Return Rank: 68
PTL Sharpe Ratio Rank: 62
PTL Sortino Ratio Rank: 61
PTL Omega Ratio Rank: 60
PTL Calmar Ratio Rank: 79
PTL Martin Ratio Rank: 78

MTUM

MTUM Risk / Return Rank: 68
MTUM Sharpe Ratio Rank: 65
MTUM Sortino Ratio Rank: 64
MTUM Omega Ratio Rank: 64
MTUM Calmar Ratio Rank: 72
MTUM Martin Ratio Rank: 75

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.

PTL vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire 500 ETF (PTL) 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.

	PTL	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.14	-0.08
Sortino ratio: Return per unit of downside risk	2.82	2.90	-0.07
Omega ratio: Gain probability vs. loss probability	1.36	1.38	-0.02
Calmar ratio: Return relative to maximum drawdown	4.01	3.53	+0.48
Martin ratio: Return relative to average drawdown	14.92	14.10	+0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTL vs. MTUM - Sharpe Ratio Comparison

The current PTL Sharpe Ratio is 2.06, which is comparable to the MTUM Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PTL 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.

Sharpe Ratios by Period

	PTL	MTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.14	-0.08
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	1.11	0.84	+0.27

Drawdowns

PTL vs. MTUM - Drawdown Comparison

The maximum PTL drawdown since its inception was -19.72%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for PTL and MTUM.

Drawdown Indicators

	PTL	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-34.08%	+14.36%
Max Drawdown (1Y) Largest decline over 1 year	-7.57%	-11.54%	+3.97%
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	-1.58%	-1.10%	-0.48%
Average Drawdown Average peak-to-trough decline	-2.46%	-6.21%	+3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.89%	-0.86%

Volatility

PTL vs. MTUM - Volatility Comparison

The current volatility for Inspire 500 ETF (PTL) is 4.37%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.67%. This indicates that PTL 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.

Volatility by Period

	PTL	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	7.67%	-3.30%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	16.51%	-5.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.73%	19.08%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	20.60%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.70%	21.03%	-3.33%

PTL vs. MTUM - Expense Ratio Comparison

PTL has a 0.09% expense ratio, which is lower than MTUM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PTL vs. MTUM - Dividend Comparison

PTL's dividend yield for the trailing twelve months is around 1.11%, more than MTUM's 0.60% 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%
PTL Inspire 500 ETF	1.11%	1.24%	0.92%	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 PTL and MTUM in my portfolio?

PTL and MTUM 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.

Which is riskier, PTL or MTUM?

MTUM has higher volatility (7.67%) compared to PTL (4.37%). In terms of maximum drawdown, PTL dropped -19.72% vs MTUM's -34.08%.

Which ETF is better, PTL or MTUM?

On 1-year performance, MTUM leads with 40.55% vs 30.21% for PTL. On fees, PTL is cheaper at 0.09% per year. On volatility, PTL has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTL or MTUM?

Over the 1-year period, MTUM has performed better with a 40.55% return vs 30.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTL or MTUM?

PTL is cheaper with a 0.09% expense ratio, compared with 0.15% for MTUM.

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

PTL has the higher dividend yield at 1.11%, compared with 0.60% for MTUM.

What is the main difference between PTL and MTUM?

PTL is categorized as Large Cap Blend Equities, while MTUM is Momentum. PTL tracks Inspire 500 Index, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Inspire and iShares. Their fees differ too: 0.09% for PTL and 0.15% for MTUM.

Which has better risk-adjusted returns?

MTUM currently has the higher Sharpe Ratio (2.14 vs 2.06), 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.