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SZNE vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SZNE vs. MTUM

Last updated Jul 12, 2026
Documentation

SZNE (Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - SZNE is a Large Cap Blend Equities fund tracking the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. SZNE charges 0.60%/yr vs 0.15%/yr for MTUM.

Performance

SZNE vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) 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

SZNE

1D
—
1M
—
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

MTUM

1D
0.18%
1M
-0.70%
6M
25.46%
YTD
28.81%
1Y
37.17%
3Y*
32.02%
5Y*
14.53%
10Y*
16.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SZNE vs. MTUM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SZNE
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF		9.68%-3.44%2.05%6.53%-12.33%26.36%4.03%35.75%-7.01%
MTUM
iShares MSCI USA Momentum Factor ETF		28.81%22.15%32.89%9.15%-18.27%13.36%29.86%27.25%-11.44%

Correlation

The correlation between SZNE and MTUM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.40

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

0.52

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

0.62

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

0.62

Over the past year, the correlation between SZNE and MTUM has dropped to 0.40 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

SZNE vs. MTUM - Sectors Allocation Comparison

Sectors
SZNE
MTUM

Financial Services

38.7%
5.0%

Industrials

13.0%
15.0%

Energy

9.3%
10.5%

Technology

5.6%
50.2%

Healthcare

5.1%
3.5%

Utilities

5.0%
0.6%

Consumer Cyclical

3.7%
2.9%

Communication Services

2.9%
5.1%

Real Estate

2.2%
1.3%

Basic Materials

1.6%
2.3%

Consumer Defensive

1.3%
3.7%

Financial Services

SZNE
38.7%
MTUM
5.0%

Industrials

SZNE
13.0%
MTUM
15.0%

Energy

SZNE
9.3%
MTUM
10.5%

Technology

SZNE
5.6%
MTUM
50.2%

Healthcare

SZNE
5.1%
MTUM
3.5%

Utilities

SZNE
5.0%
MTUM
0.6%

Consumer Cyclical

SZNE
3.7%
MTUM
2.9%

Communication Services

SZNE
2.9%
MTUM
5.1%

Real Estate

SZNE
2.2%
MTUM
1.3%

Basic Materials

SZNE
1.6%
MTUM
2.3%

Consumer Defensive

SZNE
1.3%
MTUM
3.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

iShares MSCI USA Momentum Factor ETF

Often compared with SZNE:
SZNE vs. RSPSZNE vs. QQQASZNE vs. VOOSZNE vs. SPYSZNE vs. BDGSSZNE vs. EQLSZNE vs. FMTM
Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

SZNE vs. MTUM — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MTUM
MTUM Risk / Return Rank: 6464
Overall Rank
MTUM Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 5252
Sortino Ratio Rank
MTUM Omega Ratio Rank: 5858
Omega Ratio Rank
MTUM Calmar Ratio Rank: 7777
Calmar Ratio Rank
MTUM Martin Ratio Rank: 7575
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.

SZNE vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) 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.

SZNEMTUMDifference
Sharpe ratioReturn per unit of total volatility

—

1.55

—

Sortino ratioReturn per unit of downside risk

—

2.06

—

Omega ratioGain probability vs. loss probability

—

1.29

—

Calmar ratioReturn relative to maximum drawdown

—

3.17

—

Martin ratioReturn relative to average drawdown

—

11.07

—

SZNE vs. MTUM - Sharpe Ratio Comparison

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Drawdowns

SZNE vs. MTUM - Drawdown Comparison

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Drawdown Indicators

SZNEMTUMDifference

Max Drawdown

Largest peak-to-trough decline

—

-34.08%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.54%

—

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

—

-6.79%

—

Average Drawdown

Average peak-to-trough decline

—

-6.19%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.30%

—

Volatility

SZNE vs. MTUM - Volatility Comparison

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Volatility by Period

SZNEMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

13.16%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

21.45%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

23.66%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

21.52%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

21.50%

—

SZNE vs. MTUM - Expense Ratio Comparison

SZNE has a 0.60% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

SZNE vs. MTUM - Dividend Comparison

SZNE's dividend yield for the trailing twelve months is around 1.23%, more than MTUM's 0.58% yield.

PositionTTM20252024202320222021202020192018201720162015
MTUM
iShares MSCI USA Momentum Factor ETF		0.58%0.91%0.75%1.35%1.80%0.55%0.83%1.48%1.27%1.02%1.43%1.12%
SZNE
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF		1.23%1.47%1.20%1.21%1.11%0.79%1.37%0.90%0.68%0.00%0.00%0.00%

Frequently Asked Questions

SZNE and MTUM have a correlation of 0.40, 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 0.60% for SZNE.

SZNE has the higher dividend yield at 1.23%, compared with 0.58% for MTUM.

SZNE is categorized as Large Cap Blend Equities, while MTUM is Momentum. SZNE tracks Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for SZNE and 0.15% for MTUM.

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