QQLV vs. MTUM
QQLV (Invesco QQQ Low Volatility ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - QQLV is a Large Cap Blend Equities fund tracking the Nasdaq Low Volatility Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past year, QQLV returned -1.95% vs 41.76% for MTUM. At a 0.30 correlation, their price movements are largely independent. QQLV charges 0.25%/yr vs 0.15%/yr for MTUM.
Performance
QQLV vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, QQLV achieves a 1.94% return, which is significantly lower than MTUM's 31.75% return.
QQLV
- 1D
- -0.03%
- 1M
- -0.15%
- YTD
- 1.94%
- 6M
- 1.06%
- 1Y
- -1.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- 1.06%
- 1M
- 15.90%
- YTD
- 31.75%
- 6M
- 32.38%
- 1Y
- 41.76%
- 3Y*
- 34.75%
- 5Y*
- 15.21%
- 10Y*
- 17.31%
QQLV vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 1.94% | 4.19% | -5.60% |
MTUM iShares MSCI USA Momentum Factor ETF | 31.75% | 22.15% | -4.16% |
Correlation
The correlation between QQLV and MTUM is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.30 |
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Return for Risk
QQLV vs. MTUM — Risk / Return Rank
QQLV
MTUM
QQLV vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) 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.
| QQLV | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.39 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 3.64 | -3.90 |
| Martin ratioReturn relative to average drawdown | -0.52 | 14.50 | -15.02 |
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
| QQLV | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 2.20 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.85 | -0.83 |
Drawdowns
QQLV vs. MTUM - Drawdown Comparison
The maximum QQLV drawdown since its inception was -9.54%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for QQLV and MTUM.
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Drawdown Indicators
| QQLV | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -34.08% | +24.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -11.54% | +4.19% |
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 | -3.61% | 0.00% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -6.21% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.89% | +0.84% |
Volatility
QQLV vs. MTUM - Volatility Comparison
The current volatility for Invesco QQQ Low Volatility ETF (QQLV) is 2.66%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.68%. This indicates that QQLV 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
| QQLV | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 7.68% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 16.46% | -9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 19.04% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 20.60% | -7.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.70% | 21.03% | -8.33% |
QQLV vs. MTUM - Expense Ratio Comparison
QQLV has a 0.25% expense ratio, which is higher than MTUM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QQLV vs. MTUM - Dividend Comparison
QQLV's dividend yield for the trailing twelve months is around 2.06%, 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% |
QQLV Invesco QQQ Low Volatility ETF | 2.06% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQLV and MTUM have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (7.68%) compared to QQLV (2.66%). In terms of maximum drawdown, QQLV dropped -9.54% vs MTUM's -34.08%.
On 1-year performance, MTUM leads with 41.76% vs -1.95% for QQLV. On fees, MTUM is cheaper at 0.15% per year. On volatility, QQLV has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MTUM has performed better with a 41.76% return vs -1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTUM is cheaper with a 0.15% expense ratio, compared with 0.25% for QQLV.
QQLV has the higher dividend yield at 2.06%, compared with 0.60% for MTUM.
QQLV is categorized as Large Cap Blend Equities, while MTUM is Momentum. QQLV tracks Nasdaq Low Volatility Index, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for QQLV and 0.15% for MTUM.
MTUM currently has the higher Sharpe Ratio (2.20 vs -0.19), 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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