Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs SPMO: how they differ
MTUM and SPMO hold 72% of their weight in the same names, and SPMO returned more over the year.
iShares MSCI USA Momentum Factor ETF and Invesco S&P 500 Momentum ETF.
What they hold in common
By the books each fund has filed, MTUM and SPMO hold 72% of their money in the same securities at the same weight.
| Holding | MTUM | SPMO |
|---|---|---|
| MICRON TECHNOLOGY, INC. | 5.57% | 10.72% |
| BROADCOM INC. | 5.41% | 7.58% |
| NVIDIA CORPORATION | 4.65% | 8.46% |
| ADVANCED MICRO DEVICES, INC. | 4.04% | 4.14% |
| JOHNSON & JOHNSON | 3.76% | 3.85% |
| LAM RESEARCH CORPORATION | 3.62% | 3.54% |
| INTEL CORPORATION | 3.84% | 2.95% |
| ALPHABET INC. | 2.95% | 4.81% |
| EXXON MOBIL CORPORATION | 3.44% | 2.78% |
| CATERPILLAR INC. | 3.21% | 2.60% |
| ALPHABET INC. | 2.39% | 3.81% |
| APPLIED MATERIALS, INC. | 2.36% | 1.77% |
| Only in MTUM | Only in SPMO |
|---|---|
| JPMORGAN CHASE & CO. 2.87% | Sandisk Corp. 2.46% |
| WALMART INC. 2.76% | Cisco Systems, Inc. 2.02% |
| WELLS FARGO & COMPANY 1.26% | Philip Morris International Inc. 1.29% |
| INTERNATIONAL BUSINESS MACHINES CORPORAT 1.20% | Coca-Cola Co. (The) 1.21% |
| THE TJX COMPANIES, INC. 0.90% | Charles Schwab Corp. (The) 0.55% |
| APPLOVIN CORPORATION 0.87% | Altria Group, Inc. 0.47% |
| ARISTA NETWORKS, INC. 0.82% | General Dynamics Corp. 0.45% |
| CARVANA CO. 0.62% | CME Group Inc. 0.41% |
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 | SPMO Invesco S&P 500 Momentum ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | MSCI USA Momentum Factor | S&P 500 Momentum |
| Total return, 1 year | +21.8% | +24.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | +7.0 pts |
| Expense ratio | 0.15% | 0.13% |
| Already in the S&P 500 | 98.2% | 100.0% |
| Holdings | 125 | 99 |
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.
SPMO in plain words
SPMO is an index equity fund tracking the S&P 500 Momentum. Over the year to Sep 11, 2026 it returned +24.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for May 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 52.6%. It sat 8.3% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, MTUM or SPMO?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and SPMO returned +24.5%, so SPMO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or SPMO?
- MTUM charges 0.15% a year and SPMO charges 0.13%, so SPMO is cheaper. Fees come from each fund's prospectus.
- How much do MTUM and SPMO overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 100% of SPMO by weight is stocks the S&P 500 already holds. Between the two funds, 72% 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 SPMO, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-SPMO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources