VNSE vs. MTUM

Last updated Jun 4, 2026

VNSE (Natixis Vaughan Nelson Select ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - VNSE is a Large Cap Blend Equities fund tracking the Actively Managed, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 5 years, VNSE returned 10.71%/yr vs 15.21%/yr for MTUM. Their correlation of 0.81 suggests significant overlap in exposure. VNSE charges 0.80%/yr vs 0.15%/yr for MTUM.

Performance

VNSE vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Vaughan Nelson Select ETF (VNSE) 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, VNSE achieves a 8.88% return, which is significantly lower than MTUM's 31.75% return.

VNSE

• 1D: -0.16%
• 1M: 2.88%
• YTD: 8.88%
• 6M: 8.63%
• 1Y: 23.60%
• 3Y*: 13.73%
• 5Y*: 10.71%
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VNSE vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VNSE Natixis Vaughan Nelson Select ETF	8.88%	13.72%	10.19%	22.52%	-16.74%	39.90%	11.22%
MTUM iShares MSCI USA Momentum Factor ETF	31.75%	22.15%	32.89%	9.15%	-18.27%	13.36%	12.74%

Correlation

The correlation between VNSE and MTUM is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020	0.81

The correlation between VNSE and MTUM has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

VNSE vs. MTUM - Sectors Allocation Comparison

Sectors	VNSE	MTUM
Technology	30.0%	44.4%
Industrials	17.7%	15.6%
Financial Services	13.1%	10.4%
Communication Services	9.7%	7.4%
Healthcare	7.8%	6.9%
Consumer Cyclical	7.8%	3.6%
Basic Materials	5.8%	1.7%
Energy	5.4%	3.5%
Utilities	2.6%	1.6%
Consumer Defensive	-	3.3%
Real Estate	-	1.8%

Return for Risk

VNSE vs. MTUM — Risk / Return Rank

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

VNSE

VNSE Risk / Return Rank: 49
VNSE Sharpe Ratio Rank: 51
VNSE Sortino Ratio Rank: 51
VNSE Omega Ratio Rank: 50
VNSE Calmar Ratio Rank: 41
VNSE Martin Ratio Rank: 49

MTUM

MTUM Risk / Return Rank: 67
MTUM Sharpe Ratio Rank: 64
MTUM Sortino Ratio Rank: 62
MTUM Omega Ratio Rank: 63
MTUM Calmar Ratio Rank: 71
MTUM Martin Ratio Rank: 75

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.

VNSE vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Vaughan Nelson Select ETF (VNSE) 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.

	VNSE	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.20	-0.48
Sortino ratio: Return per unit of downside risk	2.45	2.98	-0.52
Omega ratio: Gain probability vs. loss probability	1.31	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	1.99	3.64	-1.64
Martin ratio: Return relative to average drawdown	8.05	14.50	-6.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNSE vs. MTUM - Sharpe Ratio Comparison

The current VNSE Sharpe Ratio is 1.72, which is comparable to the MTUM Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of VNSE 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.

Sharpe Ratios by Period

	VNSE	MTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.20	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.74	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.85	0.00

Drawdowns

VNSE vs. MTUM - Drawdown Comparison

The maximum VNSE drawdown since its inception was -24.21%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for VNSE and MTUM.

Drawdown Indicators

	VNSE	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-24.21%	-34.08%	+9.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.89%	-11.54%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-20.99%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-24.21%	-32.28%	+8.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	-0.29%	0.00%	-0.29%
Average Drawdown Average peak-to-trough decline	-5.52%	-6.21%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.89%	+0.05%

Volatility

VNSE vs. MTUM - Volatility Comparison

The current volatility for Natixis Vaughan Nelson Select ETF (VNSE) is 3.34%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.68%. This indicates that VNSE 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

	VNSE	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	7.68%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	16.46%	-5.74%
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	19.04%	-5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	20.60%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	21.03%	-3.89%

VNSE vs. MTUM - Expense Ratio Comparison

VNSE has a 0.80% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

VNSE vs. MTUM - Dividend Comparison

VNSE's dividend yield for the trailing twelve months is around 0.20%, less 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%
VNSE Natixis Vaughan Nelson Select ETF	0.20%	0.21%	0.00%	0.21%	7.01%	19.65%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VNSE and MTUM in my portfolio?

VNSE and MTUM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNSE or MTUM?

MTUM has higher volatility (7.68%) compared to VNSE (3.34%). In terms of maximum drawdown, VNSE dropped -24.21% vs MTUM's -34.08%.

Which ETF is better, VNSE or MTUM?

On 5-year performance, MTUM leads with 15.21% vs 10.71% for VNSE. On fees, MTUM is cheaper at 0.15% per year. On volatility, VNSE has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VNSE or MTUM?

Over the 5-year period, MTUM has performed better with a 15.21% return vs 10.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VNSE or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.80% for VNSE.

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

MTUM has the higher dividend yield at 0.60%, compared with 0.20% for VNSE.

What is the main difference between VNSE and MTUM?

VNSE is categorized as Large Cap Blend Equities, while MTUM is Momentum. VNSE tracks Actively Managed, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.80% for VNSE and 0.15% for MTUM.

Which has better risk-adjusted returns?

MTUM currently has the higher Sharpe Ratio (2.20 vs 1.72), 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.