XOUT vs. FMTM

Last updated Jun 4, 2026

XOUT (GraniteShares XOUT U.S. Large Cap ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - XOUT is a Large Cap Growth Equities fund tracking the XOUT U.S. Large Cap Index, while FMTM is a Momentum fund. XOUT is passively managed, while FMTM is actively managed. Over the past year, XOUT returned 8.51% vs 63.62% for FMTM. At a 0.46 correlation, their price movements are largely independent. XOUT charges 0.60%/yr vs 0.45%/yr for FMTM.

Performance

XOUT vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares XOUT U.S. Large Cap ETF (XOUT) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOUT achieves a -3.24% return, which is significantly lower than FMTM's 31.75% return.

XOUT

• 1D: -2.27%
• 1M: 9.28%
• YTD: -3.24%
• 6M: -4.85%
• 1Y: 8.51%
• 3Y*: 18.88%
• 5Y*: 10.93%
• 10Y*: —

FMTM

• 1D: 0.50%
• 1M: 6.28%
• YTD: 31.75%
• 6M: 34.74%
• 1Y: 63.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XOUT vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
XOUT GraniteShares XOUT U.S. Large Cap ETF	-3.24%	24.46%
FMTM MarketDesk Focused U.S. Momentum ETF	31.75%	27.90%

Correlation

The correlation between XOUT and FMTM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.46

Return for Risk

XOUT vs. FMTM — Risk / Return Rank

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

XOUT

XOUT Risk / Return Rank: 14
XOUT Sharpe Ratio Rank: 15
XOUT Sortino Ratio Rank: 15
XOUT Omega Ratio Rank: 15
XOUT Calmar Ratio Rank: 13
XOUT Martin Ratio Rank: 13

FMTM

FMTM Risk / Return Rank: 82
FMTM Sharpe Ratio Rank: 84
FMTM Sortino Ratio Rank: 74
FMTM Omega Ratio Rank: 76
FMTM Calmar Ratio Rank: 88
FMTM Martin Ratio Rank: 89

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.

XOUT vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares XOUT U.S. Large Cap ETF (XOUT) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	XOUT	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	0.44	2.80	-2.36
Sortino ratio: Return per unit of downside risk	0.72	3.43	-2.71
Omega ratio: Gain probability vs. loss probability	1.09	1.46	-0.37
Calmar ratio: Return relative to maximum drawdown	0.37	5.28	-4.91
Martin ratio: Return relative to average drawdown	0.92	20.62	-19.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XOUT vs. FMTM - Sharpe Ratio Comparison

The current XOUT Sharpe Ratio is 0.44, which is lower than the FMTM Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of XOUT and FMTM, 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

	XOUT	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	2.80	-2.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	2.38	-1.72

Drawdowns

XOUT vs. FMTM - Drawdown Comparison

The maximum XOUT drawdown since its inception was -31.29%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for XOUT and FMTM.

Drawdown Indicators

	XOUT	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-31.29%	-12.12%	-19.17%
Max Drawdown (1Y) Largest decline over 1 year	-23.21%	-12.12%	-11.09%
Max Drawdown (3Y) Largest decline over 3 years	-23.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.29%	—	—
Current Drawdown Current decline from peak	-6.09%	0.00%	-6.09%
Average Drawdown Average peak-to-trough decline	-8.41%	-1.89%	-6.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	3.10%	+6.15%

Volatility

XOUT vs. FMTM - Volatility Comparison

GraniteShares XOUT U.S. Large Cap ETF (XOUT) has a higher volatility of 7.48% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 6.52%. This indicates that XOUT's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOUT	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.48%	6.52%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	16.17%	17.83%	-1.66%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	22.82%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.78%	22.94%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	22.94%	+0.29%

XOUT vs. FMTM - Expense Ratio Comparison

XOUT has a 0.60% expense ratio, which is higher than FMTM's 0.45% expense ratio.

Dividends

XOUT vs. FMTM - Dividend Comparison

XOUT has not paid dividends to shareholders, while FMTM's dividend yield for the trailing twelve months is around 0.22%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FMTM MarketDesk Focused U.S. Momentum ETF	0.22%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOUT GraniteShares XOUT U.S. Large Cap ETF	0.00%	0.00%	0.00%	0.40%	0.51%	0.28%	0.53%	0.19%

Frequently Asked Questions

Can I hold both XOUT and FMTM in my portfolio?

XOUT and FMTM have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOUT or FMTM?

XOUT has higher volatility (7.48%) compared to FMTM (6.52%). In terms of maximum drawdown, XOUT dropped -31.29% vs FMTM's -12.12%.

Which ETF is better, XOUT or FMTM?

On 1-year performance, FMTM leads with 63.62% vs 8.51% for XOUT. On fees, FMTM is cheaper at 0.45% per year. On volatility, FMTM has been the lower-risk option at 6.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOUT or FMTM?

Over the 1-year period, FMTM has performed better with a 63.62% return vs 8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOUT or FMTM?

FMTM is cheaper with a 0.45% expense ratio, compared with 0.60% for XOUT.

Which ETF pays a higher dividend yield, XOUT or FMTM?

FMTM has the higher dividend yield at 0.22%, compared with 0.00% for XOUT.

What is the main difference between XOUT and FMTM?

XOUT is categorized as Large Cap Growth Equities, while FMTM is Momentum. Their fees differ too: 0.60% for XOUT and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.80 vs 0.44), 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.