MPTI vs MTUM: Correlation
M-tron Industries, Inc. (MPTI) and iShares MSCI USA Momentum Factor ETF (MTUM) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPTI and MTUM?
Across a 3-year window, the weekly returns of MPTI and MTUM correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 525.2 %².
By 3-year correlation, MTUM places #4 of the 11 assets tracked against MPTI. Their recent paths diverged sharply: over the last 12 months MPTI outperformed by 48.7 percentage points (+73.9% for MPTI against +25.2% for MTUM). Risk is not evenly split, since MPTI carries 3.3 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MPTI vs MTUM: side by side
| MPTI (M-tron Industries, Inc.) | MTUM (iShares MSCI USA Momentum Factor ETF) | |
|---|---|---|
| 1-year return | +73.9% | +25.2% |
| 5-year return | n/a | +76.1% |
| Volatility (ann.) | 68.5% | 20.6% |
| Beta vs S&P 500 | 1.51 | 1.25 |
| Max drawdown (3Y) | -50.0% | -21.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | 31.1 | – |
| Dividend yield | 0.00% | 0.62% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $25.3B |
| Sector / category | US Listed | ETF · US Style |
MTUM is a Large Blend fund from iShares: $25.3B under management, 126 holdings, a 0.15% expense ratio, a 0.62% trailing dividend yield.
Year-by-year returns
| Year | MPTI | MTUM |
|---|---|---|
| 2022 | – | -18.3% |
| 2023 | +308.0% | +9.1% |
| 2024 | +35.7% | +32.9% |
| 2025 | +9.9% | +22.1% |
| 2026 | +47.0% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPTI and MTUM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MPTI and MTUM?
The MPTI/MTUM correlation stands at 0.37 on a 3-year window (1 year: 0.47, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is MTUM a good diversifier for MPTI?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mpti-vs-mtum.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mpti-vs-mtum/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MPTI correlations · MTUM correlations
