Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs MTUM: how they differ
ACWI and MTUM hold 24% of their weight in the same names, and MTUM returned more over the year.
iShares MSCI ACWI ETF and iShares MSCI USA Momentum Factor ETF.
What they hold in common
By the books each fund has filed, ACWI and MTUM hold 24% of their money in the same securities at the same weight.
| Holding | ACWI | MTUM |
|---|---|---|
| NVIDIA CORPORATION | 4.89% | 4.65% |
| ALPHABET INC. | 2.26% | 2.95% |
| BROADCOM INC. | 1.90% | 5.41% |
| ALPHABET INC. | 1.87% | 2.39% |
| JPMORGAN CHASE & CO. | 0.86% | 2.87% |
| EXXON MOBIL CORPORATION | 0.66% | 3.44% |
| MICRON TECHNOLOGY, INC. | 0.59% | 5.57% |
| ADVANCED MICRO DEVICES, INC. | 0.58% | 4.04% |
| WALMART INC. | 0.58% | 2.76% |
| JOHNSON & JOHNSON | 0.56% | 3.76% |
| INTEL CORPORATION | 0.43% | 3.84% |
| CATERPILLAR INC. | 0.42% | 3.21% |
| Only in ACWI | Only in MTUM |
|---|---|
| APPLE INC. 4.02% | |
| MICROSOFT CORPORATION 2.90% | |
| AMAZON.COM, INC. 2.58% | |
| Taiwan Semiconductor Manufacturing Compa 1.73% | |
| META PLATFORMS, INC. 1.34% | |
| TESLA, INC. 1.09% | |
| ELI LILLY AND COMPANY 0.76% | |
| BERKSHIRE HATHAWAY INC. 0.66% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026.
| ACWI iShares MSCI ACWI ETF | MTUM iShares MSCI USA Momentum Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI | MSCI USA Momentum Factor |
| Total return, 1 year | +19.1% | +21.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | +4.3 pts |
| Expense ratio | 0.32% | 0.15% |
| Already in the S&P 500 | 61.4% | 98.2% |
| Holdings | 2307 | 125 |
ACWI in plain words
ACWI is an index equity fund tracking the MSCI ACWI. Over the year to Sep 11, 2026 it returned +19.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Apr 30, 2026, 61% of the fund by weight is stocks the S&P 500 also holds, across 2307 positions, with the top ten at 24.6%.
MTUM in plain words
MTUM is an index equity fund tracking the MSCI USA Momentum Factor. Over the year to Sep 11, 2026 it returned +21.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 125 positions, with the top ten at 40.5%. It sat 11.1% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or MTUM?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and MTUM returned +21.8%, so MTUM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or MTUM?
- ACWI charges 0.32% a year and MTUM charges 0.15%, so MTUM is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and MTUM overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 98% of MTUM by weight is stocks the S&P 500 already holds. Between the two funds, 24% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ACWI against MTUM, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-MTUM Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources