iShares MSCI USA Momentum Factor ETF (MTUM) Performance
MTUM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.1% since Dec 31, 2025
- 1 year
- +15.2% total return
- 5 years
- +10.4% a year
- 10 years
- +15.6% a year
- Since first price
- +15.1% a year since 2013
MTUM trailing returns vs SPY, QQQ, AGG
| Period | MTUM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.7% | −8.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.6% | −7.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.2% | +4.9% | +7.8% | +8.4% | −1.5% |
| YTD | +16.1% | +15.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.2% | +14.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +114.0%+28.9%/yr | +109.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +64.0%+10.4%/yr | +55.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +326.4%+15.6%/yr | +280.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionApr 18, 2013 | +565.3%+15.1%/yr | +468.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MTUM vs SPY
From Apr 18, 2013: MTUM grew to $66,531, SPY to $61,963.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MTUM returns by calendar year
10 of 12 full years positive. Best 2017 (+37.5%), worst 2022 (−18.3%). 2026 is year to date.
MTUM annual returns table
| Year | MTUM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.1% | −18.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +22.1% | −21.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +32.9% | −13.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.1% | −9.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.3% | −28.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +13.4% | −15.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +29.9% | −34.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.3% | −6.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −1.7% | −22.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +37.5% | −2.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +5.0% | −10.1% | +12.0% | +7.1% | +2.4% |
| 2015 | +8.9% | −10.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +14.6% | −8.9% | +13.5% | +19.2% | +6.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MTUM largest drawdowns
Now 16.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −34.1% | Mar 23, 2020 | Jul 6, 2020 | 33 days | 5 months |
| Nov 3, 2021 | −32.3% | Jun 17, 2022 | Mar 4, 2024 | 7 months | 2.3 years |
| Oct 1, 2018 | −22.1% | Dec 24, 2018 | Jun 18, 2019 | 3 months | 9 months |
| Feb 18, 2025 | −21.0% | Apr 8, 2025 | May 15, 2025 | 49 days | 3 months |
| Jun 22, 2026 | −18.0% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Feb 12, 2021 | −15.8% | Mar 8, 2021 | Aug 5, 2021 | 24 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MTUM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +32.5% | +13.9% | +16.5% | +15.8% |
| Volatility (annualized) | 20.4% | 20.8% | 18.2% | 16.6% |
| Sharpe ratio | 1.28 | 0.56 | 0.81 | 0.87 |
| Sortino ratio | 2.50 | 0.93 | 1.35 | 1.47 |
| Best month | +18.3% | +18.3% | +18.3% | +18.3% |
| Worst month | −12.6% | −12.7% | −12.7% | −12.7% |
| Best 12 months | +48.2% | +48.2% | +52.1% | +52.1% |
| Worst 12 months | +8.9% | −24.2% | −24.2% | −24.2% |
| Positive months | 67% | 57% | 64% | 61% |
| Beta vs S&P 500 | 1.28 | 1.06 | 0.99 | — |
| Correlation with S&P 500 | 0.78 | 0.80 | 0.84 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MTUM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 151 | −24.2% | +17.8% | +52.1% | 87% |
| 3-year (a year) | 127 | −0.5% | +15.3% | +34.5% | 98% |
| 5-year (a year) | 103 | +4.7% | +13.3% | +21.6% | 100% |
| 10-year (a year) | 43 | +10.6% | +13.4% | +17.6% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
MTUM performance overview
iShares MSCI USA Momentum Factor ETF (MTUM) returned +15.2% over the past year and +15.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +15.1% a year, turning $10,000 into about $66,531. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.1%, from Feb 19, 2020 to Mar 23, 2020, and it took 3 months to get back to the old high. MTUM finished 10 of its 12 full calendar years with a gain; the best year was 2017 (+37.5%) and the worst 2022 (−18.3%). Volatility has been 16.6% a year.
Related: MTUM chart, MTUM holdings, MTUM dividends, MTUM valuation. See the MTUM overview for the latest quote and fund facts.
MTUM performance FAQ
What is the MTUM return over the past year?
MTUM returned +15.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.4%.
What is the average annual return of MTUM?
MTUM has returned +10.4% a year over 5 years, +15.6% a year over 10 years, +15.1% a year since April 18, 2013 (total return, distributions reinvested).
How much would $10,000 invested in MTUM be worth?
$10,000 invested in MTUM at its first recorded close on April 18, 2013 would be worth about $66,531 on October 23, 2026 with distributions reinvested.
What was the worst year for MTUM?
The worst calendar year was 2022, with a total return of −18.3%. The best was 2017 at +37.5%.
What is the biggest drawdown of MTUM?
The largest peak-to-trough decline was −34.1% between February 19, 2020 and March 23, 2020. It recovered to the old high on July 6, 2020, 3 months after the bottom.
How volatile is MTUM?
Over the past 3 years MTUM had an annualized volatility of 20.4% and a Sharpe ratio of 1.28 (excess return over 1–3 month T-bills per unit of risk).