Which returned more over the last year, FQAL or MTUM?

In the year to Oct 9, 2026, with distributions reinvested, FQAL returned +15.2% and MTUM +25.8%.

Which is cheaper, FQAL or MTUM?

Neither: FQAL and MTUM both charge 0.15% a year. Fees come from each fund's prospectus.

How much do FQAL and MTUM overlap with the S&P 500?

By their latest filed holdings, 94% of FQAL and 93% of MTUM by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

FQAL vs MTUM: Differences, Returns & Fees

FQAL and MTUM hold 14% of their weight in the same names, and MTUM returned +25.8% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Quality Factor ETF, and $20.3bn on Oct 9, 2026 for iShares MSCI USA Momentum Factor ETF.

Both cost 0.15% a year; their one-year returns differ by 10.6 points; MTUM is 14.5 times larger.

FQAL vs MTUM: Differences, Returns & Fees
	FQAL	MTUM
Expense ratio	0.15%	0.15%
Net assets, as of Sep 30, 2026	$1.4bn	$20.4bn
Total return, 1 year	+15.2%	+25.8%
What it tracks	Fidelity U.S. Quality Factor Index	MSCI USA Momentum SR Variant Index
Holdings in common	14%
Top ten holdings, share of the fund	38.1%	36.1%
Below its high		7.1%, high on Jun 22, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+15.2%

FQAL total return, 1 year

+25.8%

MTUM total return, 1 year

0.15%

FQAL expense ratio

0.15%

MTUM expense ratio

What they hold in common

By the books each fund has filed, FQAL and MTUM hold 14% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 9, 2026.

50%

half

14% in common

Positions both hold, largest shared weight first

Holding FQAL MTUM

ALPHABET INC 5.58% 2.69%

CISCO SYSTEMS INC 1.46% 3.63%

SEAGATE TECHNOLOGY HOLDINGS PLC 1.42% 2.02%

LAM RESEARCH CORP 1.31% 2.34%

KLA CORP 1.13% 1.24%

EXXONMOBIL HOLDINGS CORP 1.12% 2.60%

FORTINET INC 1.27% 1.03%

CATERPILLAR INC 0.97% 2.02%

COCA COLA CO 0.81% 1.79%

UNION PACIFIC CORP 0.67% 0.90%

CONOCOPHILLIPS INC 0.40% 0.60%

COMFORT SYSTEMS USA INC 0.64% 0.39%

Only in FQAL

NVIDIA CORP 7.69%

APPLE INC 7.22%

MICROSOFT CORP 5.62%

BROADCOM INC 3.36%

JPMORGAN CHASE and CO 1.97%

META PLATFORMS INC 1.90%

ELI LILLY and CO 1.77%

APPLIED MATERIALS INC 1.54%

Only in MTUM

ADVANCED MICRO DEVICES 6.16%

MICRON TECHNOLOGY 5.19%

INTEL CORPORATION 4.09%

JOHNSON & JOHNSON 3.14%

APPLIED MATERIAL INC 3.03%

PALO ALTO NETWORKS 2.81%

SANDISK 2.74%

MARVELL TECHNOLOGY 2.13%

Check overlap with more funds →

On the same fields

FQAL

Fidelity Quality Factor ETF

MTUM

iShares MSCI USA Momentum Factor ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity iShares

What it is Tracks an index Tracks the MSCI USA Momentum Factor

Total return, 1 year +15.2% +25.8%

Expense ratio 0.15% 0.15%

Already in the S&P 500 94.0% 93.2%

Holdings 124 126

Net assets, FQAL as of Sep 30, 2026 and MTUM as of Oct 9, 2026 $1.4bn $20.3bn

FQAL and MTUM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About FQAL

FQAL tracks an index. Over the year to Oct 9, 2026 it returned +15.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 124 positions, with the top ten at 38.1%.

About MTUM

MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 9, 2026 it returned +25.8% with distributions reinvested. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 36.1%. It sat 7.1% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FQAL or MTUM?: In the year to Oct 9, 2026, with distributions reinvested, FQAL returned +15.2% and MTUM +25.8%.
Which is cheaper, FQAL or MTUM?: Neither: FQAL and MTUM both charge 0.15% a year. Fees come from each fund's prospectus.
How much do FQAL and MTUM overlap with the S&P 500?: By their latest filed holdings, 94% of FQAL and 93% of MTUM by weight is stocks the S&P 500 already holds.

Other comparisons

FQAL vs IWV FQAL vs IWB FQAL vs IVV FQAL vs OEF MTUM vs QQQE LRGC vs MTUM FVAL vs MTUM MTUM vs USXF

FQAL on its own →MTUM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FQAL filings on SEC EDGAR ↗FQAL prospectus with the expense ratio (SEC) ↗Fidelity website ↗MTUM filings on SEC EDGAR ↗MTUM prospectus with the expense ratio (SEC) ↗iShares page for MTUM ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FQAL against MTUM, data as of Oct 9, 2026. https://etfiq.com/compare/any/fqal-vs-mtum

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.