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TECB vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TECB vs. MTUM

Last updated Aug 2, 2026
Documentation

TECB (iShares U.S. Tech Breakthrough Multisector ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - TECB is a Technology Equities fund tracking the NYSE FactSet U.S. Tech Breakthrough Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 5 years, TECB returned 11.65%/yr vs 12.62%/yr for MTUM. Their correlation of 0.82 means they have usually moved in the same direction. TECB charges 0.40%/yr vs 0.15%/yr for MTUM.

Performance

TECB vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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

In the year-to-date period, TECB achieves a 15.36% return, which is significantly lower than MTUM's 19.93% return.

TECB

1D
0.91%
1M
-2.28%
6M
17.32%
YTD
15.36%
1Y
24.28%
3Y*
21.60%
5Y*
11.65%
10Y*
—
ALL TIME*
17.33%

MTUM

1D
0.27%
1M
-5.35%
6M
17.31%
YTD
19.93%
1Y
26.36%
3Y*
27.89%
5Y*
12.62%
10Y*
15.71%
ALL TIME*
15.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

MTUM

iShares MSCI USA Momentum Factor ETF
$558.09M$637.73M$538.11M

TECB

iShares U.S. Tech Breakthrough Multisector ETF
$520.91K$676.45K$1.08M

TECB vs. MTUM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TECB
iShares U.S. Tech Breakthrough Multisector ETF		15.36%14.86%24.38%57.53%-34.39%19.60%39.90%
MTUM
iShares MSCI USA Momentum Factor ETF		19.93%22.15%32.89%9.15%-18.27%13.36%27.83%

Correlation

The correlation between TECB and MTUM is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.74

Correlation (3Y)
Balances recent behavior with more history.

0.83

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.79

Correlation (All Time)
Calculated using the full available price history since Jan 10, 2020

0.82

The correlation between TECB and MTUM has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

TECB vs. MTUM - Sectors Allocation Comparison

Sectors
TECB
MTUM

Technology

58.6%
48.3%

Healthcare

12.4%
4.2%

Communication Services

11.6%
4.4%

Financial Services

8.7%
5.2%

Consumer Cyclical

5.2%
3.0%

Real Estate

1.7%
1.5%

Industrials

1.0%
12.1%

Energy

0.6%
11.5%

Basic Materials

-

2.2%

Consumer Defensive

-

3.7%

Utilities

-

3.7%

Technology

TECB
58.6%
MTUM
48.3%

Healthcare

TECB
12.4%
MTUM
4.2%

Communication Services

TECB
11.6%
MTUM
4.4%

Financial Services

TECB
8.7%
MTUM
5.2%

Consumer Cyclical

TECB
5.2%
MTUM
3.0%

Real Estate

TECB
1.7%
MTUM
1.5%

Industrials

TECB
1.0%
MTUM
12.1%

Energy

TECB
0.6%
MTUM
11.5%

Basic Materials

TECB

-

MTUM
2.2%

Consumer Defensive

TECB

-

MTUM
3.7%

Utilities

TECB

-

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.

iShares U.S. Tech Breakthrough Multisector ETF

iShares MSCI USA Momentum Factor ETF

Often compared with TECB:
TECB vs. AIQTECB vs. BTEKTECB vs. IETCTECB vs. QQQMTECB vs. VGTTECB vs. XLKTECB vs. IHAK
Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

TECB vs. MTUM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
TECB
TECB Risk / Return Rank: 4242
Overall Rank
TECB Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
TECB Sortino Ratio Rank: 4545
Sortino Ratio Rank
TECB Omega Ratio Rank: 4343
Omega Ratio Rank
TECB Calmar Ratio Rank: 3838
Calmar Ratio Rank
TECB Martin Ratio Rank: 3737
Martin Ratio Rank
MTUM
MTUM Risk / Return Rank: 4242
Overall Rank
MTUM Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 3939
Sortino Ratio Rank
MTUM Omega Ratio Rank: 4141
Omega Ratio Rank
MTUM Calmar Ratio Rank: 4040
Calmar Ratio Rank
MTUM Martin Ratio Rank: 4949
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TECB vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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.

TECBMTUMDifference
Sharpe ratioReturn per unit of total volatility
1.16
0.99

+0.17

Sortino ratioReturn per unit of downside risk
1.66
1.45

+0.21

Omega ratioGain probability vs. loss probability

1.20

1.19

+0.01

Calmar ratioReturn relative to maximum drawdown

1.35

1.40

-0.05

Martin ratioReturn relative to average drawdown

3.70

5.72

-2.03

TECB vs. MTUM - Sharpe Ratio Comparison

The current TECB Sharpe Ratio is 1.16, which is comparable to the MTUM Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of TECB 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.

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Drawdowns

TECB vs. MTUM - Drawdown Comparison

The maximum TECB drawdown since its inception was -41.62%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for TECB and MTUM.

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Drawdown Indicators

TECBMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-41.62%

-34.08%

-7.54%

Max Drawdown (1Y)

Largest decline over 1 year

-16.24%

-17.99%

+1.75%

Max Drawdown (3Y)

Largest decline over 3 years

-23.91%

-20.99%

-2.92%

Max Drawdown (5Y)

Largest decline over 5 years

-41.62%

-32.28%

-9.34%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.08%

—

Current Drawdown

Current decline from peak

-5.33%

-13.22%

+7.89%

Average Drawdown

Average peak-to-trough decline

-10.05%

-6.22%

-3.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.90%

4.39%

+1.51%

Volatility

TECB vs. MTUM - Volatility Comparison

The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 5.14%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 11.22%. This indicates that TECB 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

TECBMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.14%

11.22%

-6.08%

Volatility (6M)

Calculated over the trailing 6-month period

15.24%

23.33%

-8.09%

Volatility (1Y)

Calculated over the trailing 1-year period

18.89%

25.53%

-6.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.77%

21.89%

+1.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.31%

21.72%

+3.59%

TECB vs. MTUM - Expense Ratio Comparison

TECB has a 0.40% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

TECB vs. MTUM - Dividend Comparison

TECB's dividend yield for the trailing twelve months is around 0.31%, less than MTUM's 0.62% yield.

PositionTTM20252024202320222021202020192018201720162015
MTUM
iShares MSCI USA Momentum Factor ETF		0.62%0.91%0.75%1.35%1.80%0.55%0.83%1.48%1.27%1.02%1.43%1.12%
TECB
iShares U.S. Tech Breakthrough Multisector ETF		0.31%0.33%0.35%0.23%0.61%0.35%0.77%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TECB and MTUM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTUM has higher volatility (11.22%) compared to TECB (5.14%). In terms of maximum drawdown, TECB dropped -41.62% vs MTUM's -34.08%.

On 5-year performance, MTUM leads with 12.62% vs 11.65% for TECB. On fees, MTUM is cheaper at 0.15% per year. On volatility, TECB has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, MTUM has performed better with a 12.62% return vs 11.65%. 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 0.40% for TECB.

MTUM has the higher dividend yield at 0.62%, compared with 0.31% for TECB.

TECB is categorized as Technology Equities, while MTUM is Momentum. TECB tracks NYSE FactSet U.S. Tech Breakthrough Index, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.40% for TECB and 0.15% for MTUM.

TECB currently has the higher Sharpe Ratio (1.16 vs 0.99), 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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