ROE vs. MTUM
Compare and contrast key facts about Astoria US Equal Weight Quality Kings ETF (ROE) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
ROE and MTUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROE is an actively managed fund by Astoria. It was launched on Jul 31, 2023. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROE or MTUM.
Correlation
The correlation between ROE and MTUM is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ROE vs. MTUM - Performance Comparison
Key characteristics
ROE:
1.46
MTUM:
1.46
ROE:
2.05
MTUM:
2.00
ROE:
1.26
MTUM:
1.26
ROE:
2.68
MTUM:
2.15
ROE:
7.22
MTUM:
8.35
ROE:
2.64%
MTUM:
3.34%
ROE:
13.06%
MTUM:
19.10%
ROE:
-11.48%
MTUM:
-34.08%
ROE:
-0.91%
MTUM:
-1.88%
Returns By Period
In the year-to-date period, ROE achieves a 5.03% return, which is significantly lower than MTUM's 8.82% return.
ROE
5.03%
0.31%
7.04%
19.37%
N/A
N/A
MTUM
8.82%
1.99%
15.54%
30.71%
12.05%
13.56%
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ROE vs. MTUM - Expense Ratio Comparison
ROE has a 0.49% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Risk-Adjusted Performance
ROE vs. MTUM — Risk-Adjusted Performance Rank
ROE
MTUM
ROE vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Astoria US Equal Weight Quality Kings ETF (ROE) and iShares Edge 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.
Dividends
ROE vs. MTUM - Dividend Comparison
ROE's dividend yield for the trailing twelve months is around 1.12%, more than MTUM's 0.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE Astoria US Equal Weight Quality Kings ETF | 1.12% | 1.18% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.69% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% |
Drawdowns
ROE vs. MTUM - Drawdown Comparison
The maximum ROE drawdown since its inception was -11.48%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for ROE and MTUM. For additional features, visit the drawdowns tool.
Volatility
ROE vs. MTUM - Volatility Comparison
The current volatility for Astoria US Equal Weight Quality Kings ETF (ROE) is 3.26%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 5.79%. This indicates that ROE 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.