WZRD vs. MTUM

Last updated Jun 5, 2026

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. At a correlation of -0.05, they often move in opposite directions. WZRD charges 1.07%/yr vs 0.15%/yr for MTUM.

Performance

WZRD vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opportunistic Trader ETF (WZRD) 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, WZRD achieves a -61.76% return, which is significantly lower than MTUM's 22.55% return.

WZRD

• 1D: -1.41%
• 1M: -15.05%
• YTD: -61.76%
• 6M: -65.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MTUM

• 1D: -5.95%
• 1M: 2.44%
• YTD: 22.55%
• 6M: 21.67%
• 1Y: 33.50%
• 3Y*: 31.72%
• 5Y*: 13.56%
• 10Y*: 16.47%

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

WZRD vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025
WZRD Opportunistic Trader ETF	-61.76%	-10.73%
MTUM iShares MSCI USA Momentum Factor ETF	22.55%	6.97%

Correlation

The correlation between WZRD and MTUM is -0.05, 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 (All Time) Calculated using the full available price history since Jun 26, 2025	-0.05

Return for Risk

WZRD vs. MTUM — Risk / Return Rank

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

MTUM

MTUM Risk / Return Rank: 54
MTUM Sharpe Ratio Rank: 50
MTUM Sortino Ratio Rank: 47
MTUM Omega Ratio Rank: 51
MTUM Calmar Ratio Rank: 60
MTUM Martin Ratio Rank: 64

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.

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.

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

Sharpe Ratios by Period

	WZRD	MTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.35	0.81	-2.16

Drawdowns

WZRD vs. MTUM - Drawdown Comparison

The maximum WZRD drawdown since its inception was -71.81%, 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.

Drawdown Indicators

	WZRD	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-71.81%	-34.08%	-37.73%
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	-68.95%	-6.99%	-61.96%
Average Drawdown Average peak-to-trough decline	-23.50%	-6.21%	-17.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.92%	—

Volatility

Volatility by Period

	WZRD	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.62%	20.03%	+30.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.62%	20.77%	+29.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.62%	21.12%	+29.50%

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 3.37%, more than MTUM's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTUM iShares MSCI USA Momentum Factor ETF	0.64%	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	3.37%	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

Can I hold both WZRD and MTUM in my portfolio?

WZRD and MTUM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WZRD or MTUM?

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.

Which ETF is cheaper, WZRD or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 1.07% for WZRD.

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

WZRD has the higher dividend yield at 3.37%, compared with 0.64% for MTUM.

What is the main difference between WZRD and 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.