Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs SLV: how they differ
MTUM is an equity index fund and SLV a commodity fund, and over the year SLV returned more, +53.8% against +21.8%.
iShares MSCI USA Momentum Factor ETF and iShares Silver Trust.
| MTUM iShares MSCI USA Momentum Factor ETF | SLV iShares Silver Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Momentum Factor | Silver |
| Total return, 1 year | +21.8% | +53.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | +36.3 pts |
| Expense ratio | 0.15% | 0.50% |
| Holdings | 125 | not filed |
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.
SLV in plain words
SLV is a commodity fund tracking the Silver. Over the year to Sep 11, 2026 it returned +53.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.50% a year. It sat 45.0% below its high of Jan 28, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, MTUM or SLV?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and SLV returned +53.8%, so SLV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or SLV?
- MTUM charges 0.15% a year and SLV charges 0.50%, so MTUM is cheaper. Fees come from each fund's prospectus.
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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 SLV, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-SLV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources