Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs VWO: how they differ
MTUM and VWO hold 0% of their weight in the same names, and MTUM returned more over the year.
iShares MSCI USA Momentum Factor ETF and Vanguard Emerging Markets Stock Index Fund.
What they hold in common
By the books each fund has filed, MTUM and VWO hold 0% of their money in the same securities at the same weight.
| Only in MTUM | Only in VWO |
|---|---|
| MICRON TECHNOLOGY, INC. 5.57% | Taiwan Semiconductor Manufacturing Co Lt 14.73% |
| BROADCOM INC. 5.41% | Tencent Holdings Ltd 3.28% |
| NVIDIA CORPORATION 4.65% | Alibaba Group Holding Ltd 2.57% |
| ADVANCED MICRO DEVICES, INC. 4.04% | Delta Electronics Inc 1.18% |
| INTEL CORPORATION 3.84% | MediaTek Inc 1.07% |
| JOHNSON & JOHNSON 3.76% | Reliance Industries Ltd 0.90% |
| LAM RESEARCH CORPORATION 3.62% | HDFC Bank Ltd 0.81% |
| EXXON MOBIL CORPORATION 3.44% | Hon Hai Precision Industry Co Ltd 0.75% |
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.
| MTUM iShares MSCI USA Momentum Factor ETF | VWO Vanguard Emerging Markets Stock Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Momentum Factor | Emerging markets |
| Total return, 1 year | +21.8% | +15.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | −1.9 pts |
| Expense ratio | 0.15% | 0.06% |
| Already in the S&P 500 | 98.2% | 0.0% |
| Holdings | 125 | 6355 |
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.
VWO in plain words
VWO is an index equity fund tracking the Emerging markets. Over the year to Sep 11, 2026 it returned +15.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6355 positions, with the top ten at 26.8%.
Questions people ask
- Which returned more over the last year, MTUM or VWO?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and VWO returned +15.6%, so MTUM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or VWO?
- MTUM charges 0.15% a year and VWO charges 0.06%, so VWO is cheaper. Fees come from each fund's prospectus.
- How much do MTUM and VWO overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 0% of VWO by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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 VWO, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-VWO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources