YOKE vs. MTUM
YOKE (Yoke Core ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - YOKE is a Large Cap Blend Equities fund actively managed by Yoke, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. YOKE is actively managed, while MTUM is passively managed. Over the past year, YOKE returned 23.04% vs 32.74% for MTUM. Their correlation of 0.87 suggests significant overlap in exposure. YOKE charges 0.30%/yr vs 0.15%/yr for MTUM.
Performance
YOKE vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, YOKE achieves a 15.00% return, which is significantly lower than MTUM's 22.55% return.
YOKE
- 1D
- -2.62%
- 1M
- 0.79%
- YTD
- 15.00%
- 6M
- 14.85%
- 1Y
- 23.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- -5.95%
- 1M
- 4.27%
- YTD
- 22.55%
- 6M
- 21.67%
- 1Y
- 32.74%
- 3Y*
- 31.72%
- 5Y*
- 13.56%
- 10Y*
- 16.47%
YOKE vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YOKE Yoke Core ETF | 15.00% | 9.95% |
MTUM iShares MSCI USA Momentum Factor ETF | 22.55% | 16.12% |
Correlation
The correlation between YOKE and MTUM is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | 0.87 |
The correlation between YOKE and MTUM has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.
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Return for Risk
YOKE vs. MTUM — Risk / Return Rank
YOKE
MTUM
YOKE vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Yoke Core ETF (YOKE) 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.
| YOKE | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.92 | -0.07 |
| Martin ratioReturn relative to average drawdown | 12.40 | 11.51 | +0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YOKE | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.68 | +0.15 |
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 | 1.18 | 0.81 | +0.37 |
Drawdowns
YOKE vs. MTUM - Drawdown Comparison
The maximum YOKE drawdown since its inception was -14.35%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for YOKE and MTUM.
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Drawdown Indicators
| YOKE | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.35% | -34.08% | +19.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -11.54% | +2.97% |
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 | -2.62% | -6.99% | +4.37% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -6.21% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.92% | -0.96% |
Volatility
YOKE vs. MTUM - Volatility Comparison
The current volatility for Yoke Core ETF (YOKE) is 4.43%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 9.83%. This indicates that YOKE 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.
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Volatility by Period
| YOKE | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 9.83% | -5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 17.69% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 20.03% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 20.77% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 21.12% | -4.02% |
YOKE vs. MTUM - Expense Ratio Comparison
YOKE has a 0.30% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
YOKE vs. MTUM - Dividend Comparison
YOKE's dividend yield for the trailing twelve months is around 0.81%, 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% |
YOKE Yoke Core ETF | 0.81% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YOKE and MTUM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (9.83%) compared to YOKE (4.43%). In terms of maximum drawdown, YOKE dropped -14.35% vs MTUM's -34.08%.
On 1-year performance, MTUM leads with 32.74% vs 23.04% for YOKE. On fees, MTUM is cheaper at 0.15% per year. On volatility, YOKE has been the lower-risk option at 4.43%. 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 32.74% return vs 23.04%. 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 0.30% for YOKE.
YOKE has the higher dividend yield at 0.81%, compared with 0.64% for MTUM.
YOKE is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Yoke and iShares. Their fees differ too: 0.30% for YOKE and 0.15% for MTUM.
YOKE currently has the higher Sharpe Ratio (1.84 vs 1.68), 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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