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

In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and MTUM +25.8%.

Which is cheaper, IWL or MTUM?

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

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

By their latest filed holdings, 99% of IWL and 93% of MTUM by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

IWL vs MTUM: Differences, Returns & Fees

IWL and MTUM hold 27% of their weight in the same names, and MTUM returned +25.8% over the year. Net assets on Oct 9, 2026: $2.3bn for iShares Russell Top 200 ETF and $20.3bn for iShares MSCI USA Momentum Factor ETF.

Both cost 0.15% a year; their one-year returns differ by 9.0 points; MTUM is 8.9 times larger.

IWL vs MTUM: Differences, Returns & Fees
	IWL	MTUM
Expense ratio	0.15%	0.15%
Net assets	$2.3bn	$20.3bn
Total return, 1 year	+16.8%	+25.8%
What it tracks	Russell Top 200 Index	MSCI USA Momentum SR Variant Index
Holdings in common	27%
Top ten holdings, share of the fund	44.6%	36.1%
Below its high		7.1%, high on Jun 22, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+16.8%

IWL total return, 1 year

+25.8%

MTUM total return, 1 year

0.15%

IWL expense ratio

0.15%

MTUM expense ratio

What they hold in common

By the books each fund has filed, IWL and MTUM hold 27% 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 Oct 9, 2026.

50%

half

27% in common

Positions both hold, largest shared weight first

Holding IWL MTUM

ALPHABET CLASS A 3.52% 2.69%

ALPHABET CLASS C 2.84% 2.12%

MICRON TECHNOLOGY 1.99% 5.19%

ADVANCED MICRO DEVICES 1.70% 6.16%

EXXONMOBIL HOLDINGS CORP 1.19% 2.60%

JOHNSON & JOHNSON 1.08% 3.14%

INTEL CORPORATION 0.82% 4.09%

CISCO SYSTEMS INC 0.80% 3.63%

APPLIED MATERIAL INC 0.69% 3.03%

LAM RESEARCH 0.68% 2.34%

CHEVRON 0.67% 1.43%

CATERPILLAR INC 0.62% 2.02%

Only in IWL

NVIDIA 9.18%

APPLE 8.35%

MICROSOFT 6.82%

AMAZON.COM INC 4.37%

BROADCOM INC 2.89%

META PLATFORMS CLASS A 2.71%

TESLA INC 1.92%

BERKSHIRE HATHAWAY INC CLASS B 1.65%

Only in MTUM

SEAGATE TECHNOLOGY HOLDINGS PLC 2.02%

MARATHON PETROLEUM 1.22%

HEWLETT PACKARD ENTERPRISE 1.03%

LUMENTUM HOLDINGS 0.86%

PHILLIPS 66 0.74%

DATADOG INC CLASS A 0.71%

CLOUDFLARE CLASS A 0.56%

TERADYNE 0.45%

Check overlap with more funds →

On the same fields

IWL

iShares Russell Top 200 ETF

MTUM

iShares MSCI USA Momentum Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

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

Total return, 1 year +16.8% +25.8%

Expense ratio 0.15% 0.15%

Already in the S&P 500 99.2% 93.2%

Holdings 202 126

Net assets $2.3bn $20.3bn

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

About IWL

IWL tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 44.6%.

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, IWL or MTUM?: In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and MTUM +25.8%.
Which is cheaper, IWL or MTUM?: Neither: IWL and MTUM both charge 0.15% a year. Fees come from each fund's prospectus.
How much do IWL and MTUM overlap with the S&P 500?: By their latest filed holdings, 99% of IWL and 93% of MTUM by weight is stocks the S&P 500 already holds.

Other comparisons

IWL vs IWV IWL vs SPMO IWL vs USMV IWL vs RDVY LCAP vs MTUM MTUM vs QDPL MTUM vs USCL MTUM vs SNPE

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

Where these figures came from

IWL and MTUM filings on SEC EDGAR ↗IWL prospectus with the expense ratio (SEC) ↗iShares page for IWL ↗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, IWL against MTUM, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwl-vs-mtum

Open data

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