Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs XLG: how they differ
MTUM and XLG hold 28% 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 Top 50 ETF.
What they hold in common
By the books each fund has filed, MTUM and XLG hold 28% of their money in the same securities at the same weight.
| Holding | MTUM | XLG |
|---|---|---|
| BROADCOM INC. | 5.41% | 4.85% |
| NVIDIA CORPORATION | 4.65% | 13.10% |
| ALPHABET INC. | 2.95% | 6.05% |
| ALPHABET INC. | 2.39% | 4.82% |
| JPMORGAN CHASE & CO. | 2.87% | 2.28% |
| EXXON MOBIL CORPORATION | 3.44% | 1.74% |
| WALMART INC. | 2.76% | 1.56% |
| ADVANCED MICRO DEVICES, INC. | 4.04% | 1.56% |
| JOHNSON & JOHNSON | 3.76% | 1.50% |
| CATERPILLAR INC. | 3.21% | 1.12% |
| PALANTIR TECHNOLOGIES INC. | 1.52% | 0.86% |
| GENERAL ELECTRIC COMPANY | 1.90% | 0.82% |
| Only in MTUM | Only in XLG |
|---|---|
| MICRON TECHNOLOGY, INC. 5.57% | Apple Inc. 10.76% |
| INTEL CORPORATION 3.84% | Microsoft Corp. 8.18% |
| LAM RESEARCH CORPORATION 3.62% | Amazon.com, Inc. 6.99% |
| GE VERNOVA INC. 2.54% | Meta Platforms, Inc. 3.61% |
| APPLIED MATERIALS, INC. 2.36% | Tesla, Inc. 2.90% |
| KLA CORPORATION 1.61% | Berkshire Hathaway Inc. 2.35% |
| AMPHENOL CORPORATION 1.55% | Eli Lilly and Co. 2.00% |
| WESTERN DIGITAL CORPORATION 1.54% | Visa Inc. 1.50% |
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 | XLG Invesco S&P 500 Top 50 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | MSCI USA Momentum Factor | S&P 500 top 50 |
| Total return, 1 year | +21.8% | +12.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | −5.3 pts |
| Expense ratio | 0.15% | 0.20% |
| Already in the S&P 500 | 98.2% | 100.0% |
| Holdings | 125 | 51 |
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.
XLG in plain words
XLG is an index equity fund tracking the S&P 500 top 50. Over the year to Sep 11, 2026 it returned +12.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 51 positions, with the top ten at 63.6%.
Questions people ask
- Which returned more over the last year, MTUM or XLG?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and XLG returned +12.2%, so MTUM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or XLG?
- MTUM charges 0.15% a year and XLG charges 0.20%, so MTUM is cheaper. Fees come from each fund's prospectus.
- How much do MTUM and XLG overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 100% of XLG by weight is stocks the S&P 500 already holds. Between the two funds, 28% 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 XLG, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-XLG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources