Data as of Oct 28, 2026.
MTUM vs PABU: Differences, Returns & Fees
Over the year to Oct 28, 2026, MTUM returned +18.4% to PABU's +8.2%; 14% of their weight is in the same names.
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Net assets on Oct 27, 2026: $18.7bn for iShares MSCI USA Momentum Factor ETF and $2.5bn for iShares Paris-Aligned Climate Optimized MSCI USA ETF.
Pair scorecard
PABU costs 0.05 points a year less; their one-year returns differ by 10.2 points; MTUM is 7.5 times larger.
| Measure | MTUM | PABU |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.4% | +8.2% |
| Drawdown | ||
| Below its high | 11.9%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Momentum SR Variant Index | MSCI USA Climate Paris Aligned Benchmark Extended Select Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.10% |
| Net assets, as of Oct 27, 2026 | $18.7bn | $2.5bn |
| Holdings | ||
| Holdings in common | 14% | |
| Top ten holdings, share of the fund | 35.5% | 49.1% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 29, 2022 to Oct 23, 2026 · 234 weekly returnsEach against its own benchmark: MTUM against MLRG, Apr 26, 2013 to Oct 23, 2026; PABU against PBUS, Apr 29, 2022 to Oct 23, 2026.
MTUM returned more: +107.6% to +81.9%. PABU swung less: 17.7% to 20.2%. PABU fell slightly less at its worst: −19.0% to −20.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | MTUM | PABU | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +107.6% | +81.9% | MTUM | Price change plus distributions, reinvested. |
| Annualized | +17.6% | +14.2% | MTUM | Total return as a yearly rate. |
| Price return | +97.0% | +73.3% | MTUM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.2% | 17.7% | PABU | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.3% | 11.6% | PABU | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −20.4% | −19.0% | PABU (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 106.2% | 108.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 101.7% | 107.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.02 | 1.07 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.76 | 0.96 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 0.60 | MTUM | Return above Treasury bills per unit of volatility. |
| Sortino | 1.05 | 0.91 | MTUM | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.135 | 0.099 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.86 | 0.75 | MTUM | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | MLRG | PBUS | The ETF each fund is measured against. | |
| Alpha | +1.3% a year | −2.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.53 | −1.42 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.7% to +6.3% | −5.4% to +0.9% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.17 | −0.41 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 9.3% | 3.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 234 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MTUM and PABU hold 14% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
14% in common
Only in one fund ↓
Side by side
MTUM and PABU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MTUM and PABU are built for the same job. How do they differ in cost, holdings and results?
- What each follows. MTUM follows MSCI USA Momentum SR Variant Index and PABU follows MSCI USA Climate Paris Aligned Benchmark Extended Select Index.
- Holdings in common. 14% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MTUM returned +18.4% and PABU +8.2% with distributions reinvested, a gap of 10.2 points.
Data as of Oct 28, 2026.
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MTUM
MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 35.5%. It sat 11.9% below its high of Jun 22, 2026 on Oct 28, 2026.
PABU
PABU tracks an index. Over the year to Oct 28, 2026 it returned +8.2% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.10% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 88 positions, with the top ten at 49.1%.
Questions people ask
- Which returned more over the last year, MTUM or PABU?
- In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and PABU +8.2%.
- Which is cheaper, MTUM or PABU?
- PABU is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, MTUM against PABU, data as of Oct 28, 2026. https://etfiq.com/compare/any/mtum-vs-pabu
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[MTUM against PABU (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mtum-vs-pabu)
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