WZRD vs. MTUM
WZRD (Opportunistic Trader ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - WZRD is a Large Cap Blend Equities fund managed by Opportunistic Trader, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Over the past year, WZRD returned -90.52% vs 37.17% for MTUM. At a correlation of -0.06, they often move in opposite directions. WZRD charges 1.07%/yr vs 0.15%/yr for MTUM.
Performance
WZRD vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, WZRD achieves a -89.20% return, which is significantly lower than MTUM's 28.81% return.
WZRD
- 1D
- -6.30%
- 1M
- -58.43%
- 6M
- -88.82%
- YTD
- -89.20%
- 1Y
- -90.52%
- 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%
WZRD vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WZRD Opportunistic Trader ETF | -89.20% | -18.13% |
MTUM iShares MSCI USA Momentum Factor ETF | 28.81% | 6.20% |
Correlation
The correlation between WZRD and MTUM is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | -0.06 |
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Return for Risk
WZRD vs. MTUM — Risk / Return Rank
WZRD
MTUM
WZRD vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opportunistic Trader ETF (WZRD) 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.
| WZRD | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -5.22 | ||
| Omega ratioGain probability vs. loss probability | 0.55 | 1.29 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 3.17 | -4.16 |
| Martin ratioReturn relative to average drawdown | -2.24 | 11.07 | -13.31 |
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Drawdowns
WZRD vs. MTUM - Drawdown Comparison
The maximum WZRD drawdown since its inception was -91.23%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for WZRD and MTUM.
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Drawdown Indicators
| WZRD | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.23% | -34.08% | -57.15% |
Max Drawdown (1Y)Largest decline over 1 year | -91.23% | -11.54% | -79.69% |
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 DrawdownCurrent decline from peak | -91.23% | -6.79% | -84.44% |
Average DrawdownAverage peak-to-trough decline | -29.79% | -6.19% | -23.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.28% | 3.30% | +36.98% |
Volatility
WZRD vs. MTUM - Volatility Comparison
Opportunistic Trader ETF (WZRD) has a higher volatility of 55.27% compared to iShares MSCI USA Momentum Factor ETF (MTUM) at 13.16%. This indicates that WZRD's price experiences larger fluctuations and is considered to be riskier 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
| WZRD | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.27% | 13.16% | +42.11% |
Volatility (6M)Calculated over the trailing 6-month period | 71.03% | 21.45% | +49.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.62% | 23.66% | +47.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.67% | 21.52% | +49.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.67% | 21.50% | +49.17% |
WZRD vs. MTUM - Expense Ratio Comparison
WZRD has a 1.07% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
WZRD vs. MTUM - Dividend Comparison
WZRD's dividend yield for the trailing twelve months is around 11.92%, more than MTUM's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WZRD Opportunistic Trader ETF | 11.92% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WZRD and MTUM have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WZRD has higher volatility (55.27%) compared to MTUM (13.16%). In terms of maximum drawdown, WZRD dropped -91.23% vs MTUM's -34.08%.
On 1-year performance, MTUM leads with 37.17% vs -90.52% for WZRD. On fees, MTUM is cheaper at 0.15% per year. On volatility, MTUM has been the lower-risk option at 13.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MTUM has performed better with a 37.17% return vs -90.52%. 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 1.07% for WZRD.
WZRD has the higher dividend yield at 11.92%, compared with 0.58% for MTUM.
WZRD is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Opportunistic Trader and iShares. Their fees differ too: 1.07% for WZRD and 0.15% for MTUM.
MTUM currently has the higher Sharpe Ratio (1.55 vs -1.26), 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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