Get the weekly note

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

MTUM vs VTWO: how they differ

MTUM and VTWO hold 1% of their weight in the same names.

iShares MSCI USA Momentum Factor ETF and Vanguard Russell 2000 Index Fund.

What they hold in common

By the books each fund has filed, MTUM and VTWO hold 1% of their money in the same securities at the same weight.

Positions MTUM and VTWO both hold, largest shared weight first
HoldingMTUMVTWO
BLOOM ENERGY CORPORATION0.51%1.83%
Credo Technology Group Holding Ltd0.12%1.12%
ECHOSTAR CORPORATION0.09%0.52%
Oklo Inc0.05%0.24%
Largest positions each one holds and the other does not
Only in MTUMOnly in VTWO
MICRON TECHNOLOGY, INC. 5.57%Sterling Infrastructure Inc 0.76%
BROADCOM INC. 5.41%Fabrinet 0.69%
NVIDIA CORPORATION 4.65%Nextpower Inc 0.67%
ADVANCED MICRO DEVICES, INC. 4.04%IonQ Inc 0.63%
INTEL CORPORATION 3.84%Coeur Mining Inc 0.58%
JOHNSON & JOHNSON 3.76%TTM Technologies Inc 0.52%
LAM RESEARCH CORPORATION 3.62%Guardant Health Inc 0.47%
EXXON MOBIL CORPORATION 3.44%SiTime Corp 0.47%

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 and VTWO on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
MTUM
iShares MSCI USA Momentum Factor ETF
VTWO
Vanguard Russell 2000 Index Fund
Where it sitsCore index fundCore index fund
IssueriSharesVanguard
What it isMSCI USA Momentum FactorRussell 2000
Total return, 1 year+21.8%+21.4%
S&P 500 over the same days+17.5%+17.5%
Gap to the S&P 500+4.3 pts+3.9 pts
Expense ratio0.15%0.07%
Already in the S&P 50098.2%0.5%
Holdings1251951

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.

VTWO in plain words

VTWO is an index equity fund tracking the Russell 2000. Over the year to Sep 11, 2026 it returned +21.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.07% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1951 positions, with the top ten at 7.8%. It sat 5.3% below its high of Aug 14, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, MTUM or VTWO?
In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and VTWO returned +21.4%, so MTUM returned more. One year is one year; the longer windows are in the table.
Which is cheaper, MTUM or VTWO?
MTUM charges 0.15% a year and VTWO charges 0.07%, so VTWO is cheaper. Fees come from each fund's prospectus.
How much do MTUM and VTWO overlap with the S&P 500?
By their latest filed holdings, 98% of MTUM and 0% of VTWO by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.

Other comparisons

Where to next

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.

MTUM against VTWO, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, MTUM against VTWO, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-VTWO Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources