XVV vs. MTUM

Last updated Jul 18, 2026

XVV (iShares ESG Screened S&P 500 ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - XVV is a S&P 500 fund tracking the S&P 500 Sustainablility Screened Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 5 years, XVV returned 12.64%/yr vs 13.55%/yr for MTUM. Their correlation of 0.83 suggests significant overlap in exposure. XVV charges 0.08%/yr vs 0.15%/yr for MTUM.

Performance

XVV vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Screened S&P 500 ETF (XVV) 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, XVV achieves a 8.33% return, which is significantly lower than MTUM's 20.93% return.

XVV

• 1D: -1.22%
• 1M: 1.01%
• 6M: 7.41%
• YTD: 8.33%
• 1Y: 18.63%
• 3Y*: 19.23%
• 5Y*: 12.64%
• 10Y*: —

MTUM

• 1D: -0.44%
• 1M: -7.98%
• 6M: 17.15%
• YTD: 20.93%
• 1Y: 27.15%
• 3Y*: 28.06%
• 5Y*: 13.55%
• 10Y*: 15.81%

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

XVV vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XVV iShares ESG Screened S&P 500 ETF	8.33%	17.53%	25.87%	29.78%	-21.46%	29.19%	16.13%
MTUM iShares MSCI USA Momentum Factor ETF	20.93%	22.15%	32.89%	9.15%	-18.27%	13.36%	15.09%

Correlation

The correlation between XVV and MTUM is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020	0.83

The correlation between XVV and MTUM has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

XVV vs. MTUM - Sectors Allocation Comparison

Sectors	XVV	MTUM
Technology	39.4%	50.2%
Financial Services	13.3%	5.0%
Communication Services	11.1%	5.1%
Consumer Cyclical	10.6%	2.9%
Healthcare	8.9%	3.5%
Industrials	6.8%	15.0%
Consumer Defensive	3.5%	3.7%
Real Estate	2.0%	1.3%
Basic Materials	1.9%	2.3%
Utilities	1.2%	0.6%
Energy	1.1%	10.5%

Return for Risk

XVV vs. MTUM — Risk / Return Rank

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

XVV

XVV Risk / Return Rank: 49
XVV Sharpe Ratio Rank: 51
XVV Sortino Ratio Rank: 49
XVV Omega Ratio Rank: 49
XVV Calmar Ratio Rank: 42
XVV Martin Ratio Rank: 55

MTUM

MTUM Risk / Return Rank: 45
MTUM Sharpe Ratio Rank: 38
MTUM Sortino Ratio Rank: 36
MTUM Omega Ratio Rank: 39
MTUM Calmar Ratio Rank: 54
MTUM Martin Ratio Rank: 55

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.

XVV vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Screened S&P 500 ETF (XVV) 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.

	XVV	MTUM	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.13	+0.27
Sortino ratio: Return per unit of downside risk	1.97	1.59	+0.38
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.04
Calmar ratio: Return relative to maximum drawdown	1.77	2.18	-0.42
Martin ratio: Return relative to average drawdown	7.42	7.57	-0.15

XVV vs. MTUM - Sharpe Ratio Comparison

The current XVV Sharpe Ratio is 1.40, which is comparable to the MTUM Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of XVV 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.

Drawdowns

XVV vs. MTUM - Drawdown Comparison

The maximum XVV drawdown since its inception was -27.20%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for XVV and MTUM.

Drawdown Indicators

	XVV	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-27.20%	-34.08%	+6.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-12.49%	+1.90%
Max Drawdown (3Y) Largest decline over 3 years	-19.59%	-20.99%	+1.40%
Max Drawdown (5Y) Largest decline over 5 years	-27.20%	-32.28%	+5.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.08%	—
Current Drawdown Current decline from peak	-1.81%	-12.49%	+10.68%
Average Drawdown Average peak-to-trough decline	-5.79%	-6.20%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	3.60%	-1.08%

Volatility

XVV vs. MTUM - Volatility Comparison

The current volatility for iShares ESG Screened S&P 500 ETF (XVV) is 3.77%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.25%. This indicates that XVV 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

	XVV	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	12.25%	-8.48%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	21.87%	-11.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	24.08%	-10.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	21.60%	-3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	21.55%	-4.24%

XVV vs. MTUM - Expense Ratio Comparison

XVV has a 0.08% expense ratio, which is lower than MTUM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XVV vs. MTUM - Dividend Comparison

XVV's dividend yield for the trailing twelve months is around 0.94%, more than MTUM's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTUM iShares MSCI USA Momentum Factor ETF	0.61%	0.91%	0.75%	1.35%	1.80%	0.55%	0.83%	1.48%	1.27%	1.02%	1.43%	1.12%
XVV iShares ESG Screened S&P 500 ETF	0.94%	0.94%	1.05%	1.25%	1.57%	0.81%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XVV and MTUM in my portfolio?

XVV and MTUM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XVV or MTUM?

MTUM has higher volatility (12.25%) compared to XVV (3.77%). In terms of maximum drawdown, XVV dropped -27.20% vs MTUM's -34.08%.

Which ETF is better, XVV or MTUM?

On 5-year performance, MTUM leads with 13.55% vs 12.64% for XVV. On fees, XVV is cheaper at 0.08% per year. On volatility, XVV has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XVV or MTUM?

Over the 5-year period, MTUM has performed better with a 13.55% return vs 12.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XVV or MTUM?

XVV is cheaper with a 0.08% expense ratio, compared with 0.15% for MTUM.

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

XVV has the higher dividend yield at 0.94%, compared with 0.61% for MTUM.

What is the main difference between XVV and MTUM?

XVV is categorized as S&P 500, while MTUM is Momentum. XVV tracks S&P 500 Sustainablility Screened Index, while MTUM tracks MSCI USA Momentum SR Variant Index. Their fees differ too: 0.08% for XVV and 0.15% for MTUM.

Which has better risk-adjusted returns?

XVV currently has the higher Sharpe Ratio (1.40 vs 1.13), 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.