Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs QUAL: how they differ
MTUM and QUAL hold 28% of their weight in the same names, and MTUM returned more over the year.
iShares MSCI USA Momentum Factor ETF and iShares MSCI USA Quality Factor ETF.
What they hold in common
By the books each fund has filed, MTUM and QUAL hold 28% of their money in the same securities at the same weight.
| Holding | MTUM | QUAL |
|---|---|---|
| NVIDIA CORPORATION | 4.65% | 6.52% |
| LAM RESEARCH CORPORATION | 3.62% | 3.23% |
| ALPHABET INC. | 2.95% | 2.54% |
| CATERPILLAR INC. | 3.21% | 2.52% |
| APPLIED MATERIALS, INC. | 2.36% | 2.45% |
| ALPHABET INC. | 2.39% | 2.12% |
| JOHNSON & JOHNSON | 3.76% | 1.92% |
| KLA CORPORATION | 1.61% | 2.79% |
| WALMART INC. | 2.76% | 1.23% |
| THE TJX COMPANIES, INC. | 0.90% | 3.19% |
| ARISTA NETWORKS, INC. | 0.82% | 1.49% |
| LOCKHEED MARTIN CORPORATION | 0.75% | 0.88% |
| Only in MTUM | Only in QUAL |
|---|---|
| MICRON TECHNOLOGY, INC. 5.57% | APPLE INC. 6.28% |
| BROADCOM INC. 5.41% | MICROSOFT CORPORATION 5.05% |
| ADVANCED MICRO DEVICES, INC. 4.04% | META PLATFORMS, INC. 3.50% |
| INTEL CORPORATION 3.84% | VISA INC. 3.09% |
| EXXON MOBIL CORPORATION 3.44% | ELI LILLY AND COMPANY 2.92% |
| JPMORGAN CHASE & CO. 2.87% | MASTERCARD INCORPORATED 2.30% |
| GE VERNOVA INC. 2.54% | BERKSHIRE HATHAWAY INC. 2.12% |
| GENERAL ELECTRIC COMPANY 1.90% | NETFLIX, INC. 2.00% |
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.
| MTUM iShares MSCI USA Momentum Factor ETF | QUAL iShares MSCI USA Quality Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Momentum Factor | MSCI USA Quality Factor |
| Total return, 1 year | +21.8% | +16.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | −1.5 pts |
| Expense ratio | 0.15% | 0.15% |
| Already in the S&P 500 | 98.2% | 98.9% |
| Holdings | 125 | 121 |
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.
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, MTUM or QUAL?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and QUAL returned +16.0%, so MTUM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or QUAL?
- MTUM charges 0.15% a year and QUAL charges 0.15%, so MTUM is cheaper. Fees come from each fund's prospectus.
- How much do MTUM and QUAL overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 99% of QUAL by weight is stocks the S&P 500 already holds. Between the two funds, 28% 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, MTUM against QUAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-QUAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources