USSE vs. MTUM

Last updated Aug 2, 2026

USSE (Segall Bryant & Hamill Select Equity ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - USSE is a Large Cap Blend Equities fund actively managed by Segall Bryant & Hamill, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. USSE is actively managed, while MTUM is passively managed. Over the past year, USSE returned 26.51% vs 26.36% for MTUM. Their correlation of 0.82 means they have usually moved in the same direction. USSE charges 0.65%/yr vs 0.15%/yr for MTUM.

Performance

USSE vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Segall Bryant & Hamill Select Equity ETF (USSE) 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, USSE achieves a 18.60% return, which is significantly lower than MTUM's 19.93% return.

USSE

• 1D: 2.44%
• 1M: 0.84%
• 6M: 15.94%
• YTD: 18.60%
• 1Y: 26.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.18%

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

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MTUM iShares MSCI USA Momentum Factor ETF	$558.09M	$637.73M	$538.11M
USSE Segall Bryant & Hamill Select Equity ETF	$1.27M	$1.17M	$1.07M

USSE vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USSE Segall Bryant & Hamill Select Equity ETF	18.60%	2.50%	24.49%	4.94%
MTUM iShares MSCI USA Momentum Factor ETF	19.93%	22.15%	32.89%	7.44%

Correlation

The correlation between USSE and MTUM is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since Aug 30, 2023	0.82

The correlation between USSE and MTUM has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

USSE vs. MTUM - Sectors Allocation Comparison

Sectors	USSE	MTUM
Technology	53.1%	48.3%
Financial Services	13.6%	5.2%
Industrials	12.2%	12.1%
Communication Services	7.1%	4.4%
Consumer Cyclical	5.7%	3.0%
Healthcare	4.8%	4.2%
Energy	3.6%	11.5%
Basic Materials	-	2.2%
Consumer Defensive	-	3.7%
Real Estate	-	1.5%
Utilities	-	3.7%

Return for Risk

USSE vs. MTUM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USSE

USSE Risk / Return Rank: 60
USSE Sharpe Ratio Rank: 56
USSE Sortino Ratio Rank: 55
USSE Omega Ratio Rank: 52
USSE Calmar Ratio Rank: 71
USSE Martin Ratio Rank: 67

MTUM

MTUM Risk / Return Rank: 42
MTUM Sharpe Ratio Rank: 40
MTUM Sortino Ratio Rank: 39
MTUM Omega Ratio Rank: 41
MTUM Calmar Ratio Rank: 40
MTUM Martin Ratio Rank: 49

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.

USSE vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Select Equity ETF (USSE) 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.

	USSE	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	1.36	0.99	+0.38
Sortino ratio: Return per unit of downside risk	1.96	1.45	+0.51
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.05
Calmar ratio: Return relative to maximum drawdown	2.52	1.40	+1.12
Martin ratio: Return relative to average drawdown	8.18	5.72	+2.46

USSE vs. MTUM - Sharpe Ratio Comparison

The current USSE Sharpe Ratio is 1.36, which is higher than the MTUM Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of USSE 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.

Drawdowns

USSE vs. MTUM - Drawdown Comparison

The maximum USSE drawdown since its inception was -22.36%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for USSE and MTUM.

Drawdown Indicators

	USSE	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-34.08%	+11.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-17.99%	+8.88%
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	-2.40%	-13.22%	+10.82%
Average Drawdown Average peak-to-trough decline	-3.58%	-6.22%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	4.39%	-1.58%

Volatility

USSE vs. MTUM - Volatility Comparison

The current volatility for Segall Bryant & Hamill Select Equity ETF (USSE) is 6.19%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 11.22%. This indicates that USSE 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

	USSE	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	11.22%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	13.57%	23.33%	-9.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.86%	25.53%	-8.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	21.89%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	21.72%	-5.01%

USSE vs. MTUM - Expense Ratio Comparison

USSE has a 0.65% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

USSE vs. MTUM - Dividend Comparison

USSE has not paid dividends to shareholders, while MTUM's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
USSE Segall Bryant & Hamill Select Equity ETF	0.00%	0.00%	0.11%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USSE and MTUM in my portfolio?

USSE and MTUM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USSE or MTUM?

MTUM has higher volatility (11.22%) compared to USSE (6.19%). In terms of maximum drawdown, USSE dropped -22.36% vs MTUM's -34.08%.

Which ETF is better, USSE or MTUM?

On 1-year performance, USSE leads with 26.51% vs 26.36% for MTUM. On fees, MTUM is cheaper at 0.15% per year. On volatility, USSE has been the lower-risk option at 6.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USSE or MTUM?

Over the 1-year period, USSE has performed better with a 26.51% return vs 26.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USSE or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.65% for USSE.

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

MTUM has the higher dividend yield at 0.62%, compared with 0.00% for USSE.

What is the main difference between USSE and MTUM?

USSE is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Segall Bryant & Hamill and iShares. Their fees differ too: 0.65% for USSE and 0.15% for MTUM.

Which has better risk-adjusted returns?

USSE currently has the higher Sharpe Ratio (1.36 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.