Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs QQQ: how they differ
MTUM and QQQ hold 40% of their weight in the same names, and QQQ returned more over the year.
iShares MSCI USA Momentum Factor ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, MTUM and QQQ hold 40% of their money in the same securities at the same weight.
| Holding | MTUM | QQQ |
|---|---|---|
| MICRON TECHNOLOGY, INC. | 5.57% | 4.80% |
| NVIDIA CORPORATION | 4.65% | 8.16% |
| ADVANCED MICRO DEVICES, INC. | 4.04% | 3.70% |
| BROADCOM INC. | 5.41% | 3.37% |
| ALPHABET INC. | 2.95% | 3.52% |
| INTEL CORPORATION | 3.84% | 2.52% |
| WALMART INC. | 2.76% | 2.48% |
| ALPHABET INC. | 2.39% | 3.26% |
| LAM RESEARCH CORPORATION | 3.62% | 1.75% |
| APPLIED MATERIALS, INC. | 2.36% | 1.57% |
| PALANTIR TECHNOLOGIES INC. | 1.52% | 1.58% |
| KLA CORPORATION | 1.61% | 1.11% |
| Only in MTUM | Only in QQQ |
|---|---|
| JOHNSON & JOHNSON 3.76% | Apple Inc. 7.29% |
| EXXON MOBIL CORPORATION 3.44% | Microsoft Corp. 5.32% |
| CATERPILLAR INC. 3.21% | Amazon.com, Inc. 4.62% |
| JPMORGAN CHASE & CO. 2.87% | Tesla, Inc. 3.46% |
| GE VERNOVA INC. 2.54% | Meta Platforms, Inc. 2.97% |
| GENERAL ELECTRIC COMPANY 1.90% | Cisco Systems, Inc. 2.09% |
| THE GOLDMAN SACHS GROUP, INC. 1.69% | Costco Wholesale Corp. 1.86% |
| AMPHENOL CORPORATION 1.55% | Netflix, Inc. 1.59% |
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 and May 31, 2026.
| MTUM iShares MSCI USA Momentum Factor ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | MSCI USA Momentum Factor | Nasdaq-100, book from QQQM |
| Total return, 1 year | +21.8% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | +5.5 pts |
| Expense ratio | 0.15% | 0.18% |
| Already in the S&P 500 | 98.2% | 96.7% |
| Holdings | 125 | 101 |
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.
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, MTUM or QQQ?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and QQQ returned +23.0%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or QQQ?
- MTUM charges 0.15% a year and QQQ charges 0.18%, so MTUM is cheaper. Fees come from each fund's prospectus.
- How much do MTUM and QQQ overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 40% of their books are the same securities at the same weight.
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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, MTUM against QQQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-QQQ Free to use with attribution; the underlying files are at Open data.
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