PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XPND vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XPND vs. MTUM

Last updated Aug 2, 2026
Documentation

XPND (First Trust Expanded Technology ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - XPND is a Technology Equities fund actively managed by First Trust, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. XPND is actively managed, while MTUM is passively managed. Over the past 5 years, XPND returned 12.26%/yr vs 12.62%/yr for MTUM. Their correlation of 0.84 means they have usually moved in the same direction. XPND charges 0.65%/yr vs 0.15%/yr for MTUM.

Performance

XPND vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Expanded Technology ETF (XPND) and iShares MSCI USA Momentum Factor ETF (MTUM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XPND achieves a 4.78% return, which is significantly lower than MTUM's 19.93% return.

XPND

1D
0.88%
1M
-4.98%
6M
7.11%
YTD
4.78%
1Y
13.64%
3Y*
20.04%
5Y*
12.26%
10Y*
—
ALL TIME*
13.44%

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

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

MTUM

iShares MSCI USA Momentum Factor ETF
$558.09M$637.73M$538.11M

XPND

First Trust Expanded Technology ETF
$81.00K$154.54K$148.99K

XPND vs. MTUM - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XPND
First Trust Expanded Technology ETF		4.78%18.82%29.61%46.13%-29.66%15.05%
MTUM
iShares MSCI USA Momentum Factor ETF		19.93%22.15%32.89%9.15%-18.27%7.32%

Correlation

The correlation between XPND and MTUM is 0.88, 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.

0.88

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.84

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2021

0.84

The correlation between XPND and MTUM has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

XPND vs. MTUM - Sectors Allocation Comparison

Sectors
XPND
MTUM

Technology

77.5%
48.3%

Communication Services

13.3%
4.4%

Financial Services

9.2%
5.2%

Basic Materials

-

2.2%

Consumer Cyclical

-

3.0%

Consumer Defensive

-

3.7%

Energy

-

11.5%

Healthcare

-

4.2%

Industrials

-

12.1%

Real Estate

-

1.5%

Utilities

-

3.7%

Technology

XPND
77.5%
MTUM
48.3%

Communication Services

XPND
13.3%
MTUM
4.4%

Financial Services

XPND
9.2%
MTUM
5.2%

Basic Materials

XPND

-

MTUM
2.2%

Consumer Cyclical

XPND

-

MTUM
3.0%

Consumer Defensive

XPND

-

MTUM
3.7%

Energy

XPND

-

MTUM
11.5%

Healthcare

XPND

-

MTUM
4.2%

Industrials

XPND

-

MTUM
12.1%

Real Estate

XPND

-

MTUM
1.5%

Utilities

XPND

-

MTUM
3.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Expanded Technology ETF

iShares MSCI USA Momentum Factor ETF

Often compared with XPND:
XPND vs. FFNDXPND vs. SPRXXPND vs. IETCXPND vs. XLKXPND vs. GFOFXPND vs. FNGSXPND vs. XT
Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

XPND vs. MTUM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XPND
XPND Risk / Return Rank: 2424
Overall Rank
XPND Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
XPND Sortino Ratio Rank: 2424
Sortino Ratio Rank
XPND Omega Ratio Rank: 2323
Omega Ratio Rank
XPND Calmar Ratio Rank: 2323
Calmar Ratio Rank
XPND Martin Ratio Rank: 2424
Martin Ratio Rank
MTUM
MTUM Risk / Return Rank: 4242
Overall Rank
MTUM Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 3939
Sortino Ratio Rank
MTUM Omega Ratio Rank: 4141
Omega Ratio Rank
MTUM Calmar Ratio Rank: 4040
Calmar Ratio Rank
MTUM Martin Ratio Rank: 4949
Martin Ratio Rank
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.

XPND vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) 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.

XPNDMTUMDifference
Sharpe ratioReturn per unit of total volatility
0.55
0.99

-0.44

Sortino ratioReturn per unit of downside risk
0.87
1.45

-0.57

Omega ratioGain probability vs. loss probability

1.11

1.19

-0.08

Calmar ratioReturn relative to maximum drawdown

0.68

1.40

-0.72

Martin ratioReturn relative to average drawdown

1.80

5.72

-3.93

XPND vs. MTUM - Sharpe Ratio Comparison

The current XPND Sharpe Ratio is 0.55, which is lower than the MTUM Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of XPND 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.

Loading charts...

Drawdowns

XPND vs. MTUM - Drawdown Comparison

The maximum XPND drawdown since its inception was -38.00%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for XPND and MTUM.

Loading charts...

Drawdown Indicators

XPNDMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-38.00%

-34.08%

-3.92%

Max Drawdown (1Y)

Largest decline over 1 year

-17.38%

-17.99%

+0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-23.37%

-20.99%

-2.38%

Max Drawdown (5Y)

Largest decline over 5 years

-38.00%

-32.28%

-5.72%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.08%

—

Current Drawdown

Current decline from peak

-10.67%

-13.22%

+2.55%

Average Drawdown

Average peak-to-trough decline

-9.95%

-6.22%

-3.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.57%

4.39%

+2.18%

Volatility

XPND vs. MTUM - Volatility Comparison

The current volatility for First Trust Expanded Technology ETF (XPND) is 7.76%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 11.22%. This indicates that XPND 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.

Loading charts...

Volatility by Period

XPNDMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.76%

11.22%

-3.46%

Volatility (6M)

Calculated over the trailing 6-month period

18.31%

23.33%

-5.02%

Volatility (1Y)

Calculated over the trailing 1-year period

21.61%

25.53%

-3.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.41%

21.89%

+2.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.20%

21.72%

+2.48%

XPND vs. MTUM - Expense Ratio Comparison

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

Dividends

XPND vs. MTUM - Dividend Comparison

XPND's dividend yield for the trailing twelve months is around 0.08%, less than MTUM's 0.62% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XPND
First Trust Expanded Technology ETF		0.08%0.08%0.12%0.18%0.34%0.02%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XPND and MTUM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTUM has higher volatility (11.22%) compared to XPND (7.76%). In terms of maximum drawdown, XPND dropped -38.00% vs MTUM's -34.08%.

On 5-year performance, MTUM leads with 12.62% vs 12.26% for XPND. On fees, MTUM is cheaper at 0.15% per year. On volatility, XPND has been the lower-risk option at 7.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, MTUM has performed better with a 12.62% return vs 12.26%. 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 0.65% for XPND.

MTUM has the higher dividend yield at 0.62%, compared with 0.08% for XPND.

XPND is categorized as Technology Equities, while MTUM is Momentum. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for XPND and 0.15% for MTUM.

MTUM currently has the higher Sharpe Ratio (0.99 vs 0.55), 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.

Portfolio Optimizer

Find the right allocation for XPND and MTUM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer