Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs SPHD: how they differ
MTUM and SPHD hold 2% of their weight in the same names, and MTUM returned more over the year.
iShares MSCI USA Momentum Factor ETF and Invesco S&P 500 High Dividend Low Volatility ETF.
What they hold in common
By the books each fund has filed, MTUM and SPHD hold 2% of their money in the same securities at the same weight.
| Holding | MTUM | SPHD |
|---|---|---|
| EXXON MOBIL CORPORATION | 3.44% | 1.55% |
| Evergy, Inc. | 0.05% | 1.70% |
| Only in MTUM | Only in SPHD |
|---|---|
| MICRON TECHNOLOGY, INC. 5.57% | Verizon Communications Inc. 3.49% |
| BROADCOM INC. 5.41% | Altria Group, Inc. 3.45% |
| NVIDIA CORPORATION 4.65% | Healthpeak Properties, Inc. 3.24% |
| ADVANCED MICRO DEVICES, INC. 4.04% | Kraft Heinz Co. (The) 3.03% |
| INTEL CORPORATION 3.84% | Pfizer Inc. 2.99% |
| JOHNSON & JOHNSON 3.76% | Franklin Resources, Inc. 2.82% |
| LAM RESEARCH CORPORATION 3.62% | VICI Properties Inc. 2.68% |
| CATERPILLAR INC. 3.21% | ONEOK, Inc. 2.66% |
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 and May 31, 2026.
| MTUM iShares MSCI USA Momentum Factor ETF | SPHD Invesco S&P 500 High Dividend Low Volatility ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | MSCI USA Momentum Factor | S&P 500 High Dividend Low Volatility |
| Total return, 1 year | +21.8% | +8.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | −8.9 pts |
| Expense ratio | 0.15% | 0.30% |
| Already in the S&P 500 | 98.2% | 95.7% |
| Holdings | 125 | 49 |
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.
SPHD in plain words
SPHD is an index equity fund tracking the S&P 500 High Dividend Low Volatility. Over the year to Sep 11, 2026 it returned +8.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.30% a year. By its holdings filed for May 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 49 positions, with the top ten at 29.3%. It sat 4.1% below its high of Aug 24, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, MTUM or SPHD?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and SPHD returned +8.6%, so MTUM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or SPHD?
- MTUM charges 0.15% a year and SPHD charges 0.30%, so MTUM is cheaper. Fees come from each fund's prospectus.
- How much do MTUM and SPHD overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 96% of SPHD by weight is stocks the S&P 500 already holds. Between the two funds, 2% 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 SPHD, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-SPHD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources