ZECP vs. MTUM

Last updated Jun 4, 2026

ZECP (Zacks Earnings Consistent Portfolio ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - ZECP is a Large Cap Blend Equities fund actively managed by Zacks, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. ZECP is actively managed, while MTUM is passively managed. Over the past 3 years, ZECP returned 15.85%/yr vs 34.75%/yr for MTUM. A 0.77 correlation means they provide meaningful diversification when combined. ZECP charges 0.55%/yr vs 0.15%/yr for MTUM.

Performance

ZECP vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Earnings Consistent Portfolio ETF (ZECP) 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, ZECP achieves a 6.36% return, which is significantly lower than MTUM's 31.75% return.

ZECP

• 1D: -0.48%
• 1M: 2.51%
• YTD: 6.36%
• 6M: 5.67%
• 1Y: 20.73%
• 3Y*: 15.85%
• 5Y*: —
• 10Y*: —

MTUM

• 1D: 1.06%
• 1M: 15.90%
• YTD: 31.75%
• 6M: 32.38%
• 1Y: 41.76%
• 3Y*: 34.75%
• 5Y*: 15.21%
• 10Y*: 17.31%

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

ZECP vs. MTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ZECP Zacks Earnings Consistent Portfolio ETF	6.36%	15.03%	17.32%	13.88%	-13.41%	7.75%
MTUM iShares MSCI USA Momentum Factor ETF	31.75%	22.15%	32.89%	9.15%	-18.27%	1.17%

Correlation

The correlation between ZECP and MTUM is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021	0.77

The correlation between ZECP and MTUM shifts across timeframes, from 0.66 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

ZECP vs. MTUM - Sectors Allocation Comparison

Sectors	ZECP	MTUM
Technology	25.3%	44.4%
Financial Services	16.1%	10.4%
Industrials	14.8%	15.6%
Healthcare	13.3%	6.9%
Communication Services	10.7%	7.4%
Consumer Defensive	8.3%	3.3%
Consumer Cyclical	5.9%	3.6%
Utilities	3.9%	1.6%
Energy	1.0%	3.5%
Real Estate	0.7%	1.8%
Basic Materials	-	1.7%

Return for Risk

ZECP vs. MTUM — Risk / Return Rank

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

ZECP

ZECP Risk / Return Rank: 59
ZECP Sharpe Ratio Rank: 59
ZECP Sortino Ratio Rank: 63
ZECP Omega Ratio Rank: 56
ZECP Calmar Ratio Rank: 51
ZECP Martin Ratio Rank: 64

MTUM

MTUM Risk / Return Rank: 67
MTUM Sharpe Ratio Rank: 64
MTUM Sortino Ratio Rank: 62
MTUM Omega Ratio Rank: 63
MTUM Calmar Ratio Rank: 71
MTUM Martin Ratio Rank: 75

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.

ZECP vs. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Earnings Consistent Portfolio ETF (ZECP) 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.

	ZECP	MTUM	Difference
Sharpe ratio Return per unit of total volatility	1.98	2.20	-0.22
Sortino ratio Return per unit of downside risk	2.94	2.98	-0.04
Omega ratio Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio Return relative to maximum drawdown	2.50	3.64	-1.13
Martin ratio Return relative to average drawdown	11.46	14.50	-3.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZECP vs. MTUM - Sharpe Ratio Comparison

The current ZECP Sharpe Ratio is 1.98, which is comparable to the MTUM Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of ZECP 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.

Sharpe Ratios by Period

	ZECP	MTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.20	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.85	-0.21

Drawdowns

ZECP vs. MTUM - Drawdown Comparison

The maximum ZECP drawdown since its inception was -21.86%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for ZECP and MTUM.

Drawdown Indicators

	ZECP	MTUM	Difference
Max Drawdown Largest peak-to-trough decline	-21.86%	-34.08%	+12.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-11.54%	+3.22%
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	-20.99%	+5.52%
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	-0.51%	0.00%	-0.51%
Average Drawdown Average peak-to-trough decline	-5.51%	-6.21%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.89%	-1.08%

Volatility

ZECP vs. MTUM - Volatility Comparison

The current volatility for Zacks Earnings Consistent Portfolio ETF (ZECP) is 2.14%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.68%. This indicates that ZECP 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

	ZECP	MTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	7.68%	-5.54%
Volatility (6M) Calculated over the trailing 6-month period	8.08%	16.46%	-8.38%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	19.04%	-8.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	20.60%	-5.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	21.03%	-6.38%

ZECP vs. MTUM - Expense Ratio Comparison

ZECP has a 0.55% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

ZECP vs. MTUM - Dividend Comparison

ZECP's dividend yield for the trailing twelve months is around 0.74%, more than MTUM's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTUM iShares MSCI USA Momentum Factor ETF	0.60%	0.91%	0.75%	1.35%	1.80%	0.55%	0.83%	1.48%	1.27%	1.02%	1.43%	1.12%
ZECP Zacks Earnings Consistent Portfolio ETF	0.74%	0.79%	0.63%	0.73%	0.91%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZECP and MTUM in my portfolio?

ZECP and MTUM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZECP or MTUM?

MTUM has higher volatility (7.68%) compared to ZECP (2.14%). In terms of maximum drawdown, ZECP dropped -21.86% vs MTUM's -34.08%.

Which ETF is better, ZECP or MTUM?

On 3-year performance, MTUM leads with 34.75% vs 15.85% for ZECP. On fees, MTUM is cheaper at 0.15% per year. On volatility, ZECP has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZECP or MTUM?

Over the 3-year period, MTUM has performed better with a 34.75% return vs 15.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZECP or MTUM?

MTUM is cheaper with a 0.15% expense ratio, compared with 0.55% for ZECP.

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

ZECP has the higher dividend yield at 0.74%, compared with 0.60% for MTUM.

What is the main difference between ZECP and MTUM?

ZECP is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Zacks and iShares. Their fees differ too: 0.55% for ZECP and 0.15% for MTUM.

Which has better risk-adjusted returns?

MTUM currently has the higher Sharpe Ratio (2.20 vs 1.98), 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.