Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs VOE: how they differ
MTUM and VOE hold 8% of their weight in the same names, and MTUM returned more over the year.
iShares MSCI USA Momentum Factor ETF and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, MTUM and VOE hold 8% of their money in the same securities at the same weight.
| Holding | MTUM | VOE |
|---|---|---|
| NEWMONT CORPORATION | 1.17% | 0.86% |
| CUMMINS INC. | 0.67% | 1.71% |
| ENTERGY CORPORATION | 0.58% | 0.95% |
| JOHNSON CONTROLS INTERNATIONAL PUBLIC LI | 0.50% | 0.77% |
| WARNER BROS. DISCOVERY, INC. | 0.45% | 1.10% |
| GENERAL MOTORS COMPANY | 0.42% | 1.21% |
| CBRE GROUP, INC. | 0.42% | 0.68% |
| FEDEX CORPORATION | 0.36% | 0.58% |
| L3HARRIS TECHNOLOGIES, INC. | 0.33% | 0.94% |
| TE CONNECTIVITY PUBLIC LIMITED COMPANY | 0.32% | 1.02% |
| CARDINAL HEALTH, INC. | 0.29% | 0.96% |
| CENCORA, INC. | 0.28% | 0.91% |
| Only in MTUM | Only in VOE |
|---|---|
| MICRON TECHNOLOGY, INC. 5.57% | Valero Energy Corp 1.34% |
| BROADCOM INC. 5.41% | Marathon Petroleum Corp 1.29% |
| NVIDIA CORPORATION 4.65% | CRH PLC 1.24% |
| ADVANCED MICRO DEVICES, INC. 4.04% | United Rentals Inc 1.23% |
| INTEL CORPORATION 3.84% | SLB Ltd 1.21% |
| JOHNSON & JOHNSON 3.76% | Simon Property Group Inc 1.20% |
| LAM RESEARCH CORPORATION 3.62% | Phillips 66 1.18% |
| EXXON MOBIL CORPORATION 3.44% | PACCAR Inc 1.10% |
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 Jun 30, 2026.
| MTUM iShares MSCI USA Momentum Factor ETF | VOE Vanguard Mid-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Momentum Factor | Mid-Cap Value |
| Total return, 1 year | +21.8% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | +2.7 pts |
| Expense ratio | 0.15% | 0.05% |
| Already in the S&P 500 | 98.2% | 96.6% |
| Holdings | 125 | 170 |
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.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, MTUM or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and VOE returned +20.2%, so MTUM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or VOE?
- MTUM charges 0.15% a year and VOE charges 0.05%, so VOE is cheaper. Fees come from each fund's prospectus.
- How much do MTUM and VOE overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 8% 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 VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources