Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
IWO vs MTUM: how they differ
IWO and MTUM hold 0% of their weight in the same names, and MTUM returned more over the year.
iShares Russell 2000 Growth ETF and iShares MSCI USA Momentum Factor ETF.
What they hold in common
By the books each fund has filed, IWO and MTUM hold 0% of their money in the same securities at the same weight.
| Holding | IWO | MTUM |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | 0.11% | 0.09% |
| USD CASH | 0.14% | 0.07% |
| Only in IWO | Only in MTUM |
|---|---|
| MOOG INC CLASS A 0.69% | ADVANCED MICRO DEVICES 5.39% |
| GLAUKOS 0.65% | MICRON TECHNOLOGY 5.20% |
| JFROG 0.64% | INTEL CORPORATION 4.14% |
| BRIGHTSPRING HEALTH SERVICES INC 0.62% | CISCO SYSTEMS INC 3.48% |
| FIRSTCASH HOLDINGS INC 0.62% | JOHNSON & JOHNSON 3.38% |
| BRINKER INTERNATIONAL INC 0.61% | SANDISK 3.10% |
| INTERDIGITAL INC 0.60% | APPLIED MATERIAL INC 2.87% |
| KRYSTAL BIOTECH 0.59% | ALPHABET CLASS A 2.69% |
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 Sep 10, 2026.
| IWO iShares Russell 2000 Growth ETF | MTUM iShares MSCI USA Momentum Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Russell 2000 Growth | MSCI USA Momentum Factor |
| Total return, 1 year | +17.0% | +21.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.5 pts | +4.3 pts |
| Expense ratio | 0.24% | 0.15% |
| Already in the S&P 500 | 0.0% | 98.2% |
| Holdings | 970 | 128 |
IWO in plain words
IWO is an index equity fund tracking the Russell 2000 Growth. Over the year to Sep 11, 2026 it returned +17.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.24% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 970 positions, with the top ten at 6.2%. It sat 7.1% below its high of Aug 14, 2026 on Sep 11, 2026.
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 Sep 10, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 128 positions, with the top ten at 35.3%. It sat 11.1% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IWO or MTUM?
- In the year to Sep 13, 2026, with distributions reinvested, IWO returned +17.0% and MTUM returned +21.8%, so MTUM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWO or MTUM?
- IWO charges 0.24% a year and MTUM charges 0.15%, so MTUM is cheaper. Fees come from each fund's prospectus.
- How much do IWO and MTUM overlap with the S&P 500?
- By their latest filed holdings, 0% of IWO and 98% of MTUM 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, IWO against MTUM, data as of Sep 13, 2026. https://etfiq.com/compare/any/iwo-vs-mtum Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources