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ETFs

iShares MSCI USA Momentum Factor ETF

MTUM
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Apr 16, 2013
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$51,590,923
AUM
$8,334,978,860
Associated Index
MSCI USA Momentum SR Variant Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with MTUM
Trade MTUM Options

What is MTUM?

The Fund seeks to track the investment results of the MSCI USA Momentum SR Variant Index (the Underlying Index ), which consists of stocks exhibiting relatively higher momentum characteristics from the traditional market capitalization-weighted parent index, the MSCI USA Index (the Parent Index ), as determined by MSCI Inc. (the Index Provider or MSCI ). The Parent Index includes U.S. large- and mid-capitalization stocks, as defined by MSCI. The Underlying Index is designed to measure the performance of an equity momentum strategy by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index turnover, each as determined by the Index Provider. The Underlying Index is a variant of the MSCI USA Momentum Index that employs a different reconstitution process. All constituent changes due to the semi-annual reconstitution of the Underlying Index are distributed over multiple days leading into the reconstitution effective date with an aim of facilitating easier implementation of the changes resulting from the reconstitution.

1M
3M
6M
YTD
1Y
3Y
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MTUM
Performance Measures**

for the time period Apr 18, 2013 to Dec 5, 2025

Returns

1M Trailing Return: 1.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 3.7%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -34.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.81

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.44

The annualized return divided by the max drawdown for the selected time period.

ETFs related toMTUM

ETFs correlated to MTUM include GAUG, LGRO, AUGW

MTUM
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
SPMO
Invesco Capital Management LLC - Invesco S&P 500 Momentum ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toMTUM

Factor Alpha

Category

Trend-following, factor rotation, ETF, US equities, growth tilt, defensive tilt

OOS Cumulative Return

98.55%

The Enigma of the Financial Universe 3.4 (K-1 free)

Category

Tactical asset allocation, regime switching, volatility targeting, mean reversion, trend following, leveraged ETFs, hedging, multi-asset

OOS Cumulative Return

75.75%

Create your own algorithmic trading strategy with MTUM using Composer

FAQ

MTUM is a US Equities ETF. The Fund seeks to track the investment results of the MSCI USA Momentum SR Variant Index (the Underlying Index ), which consists of stocks exhibiting relatively higher momentum characteristics from the traditional market capitalization-weighted parent index, the MSCI USA Index (the Parent Index ), as determined by MSCI Inc. (the Index Provider or MSCI ). The Parent Index includes U.S. large- and mid-capitalization stocks, as defined by MSCI. The Underlying Index is designed to measure the performance of an equity momentum strategy by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index turnover, each as determined by the Index Provider. The Underlying Index is a variant of the MSCI USA Momentum Index that employs a different reconstitution process. All constituent changes due to the semi-annual reconstitution of the Underlying Index are distributed over multiple days leading into the reconstitution effective date with an aim of facilitating easier implementation of the changes resulting from the reconstitution.

MTUM tracks the MSCI USA Momentum SR Variant Index.

No, MTUM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MTUM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MTUM is -0.0103%. This is the percent change in the value of MTUM over the most recent 1-month period. The 3-month return on MTUM is 0.0061%. This is the percent change in the value of MTUM over the most recent 3-month period.

The standard deviation of MTUM for the past year is 0.1544%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MTUM include SPHQ, DSI, and QUAL.

ETFs correlated to MTUM include GAUG, LGRO, and AUGW.

ETFs that are inversely correlated to MTUM include DOG, SDOW, and DXD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.