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MODL vs MTUM: Differences, Returns & Fees

MODL and MTUM hold 24% of their weight in the same names, and MTUM returned +25.8% over the year. Net assets: $1.0bn on Jun 30, 2026 for VictoryShares WestEnd U.S. Sector ETF, and $20.3bn on Oct 9, 2026 for iShares MSCI USA Momentum Factor ETF.

MTUM costs 0.31 points a year less; their one-year returns differ by 10.5 points; MTUM is far larger, $29.0bn against $1.0bn.

MODL vs MTUM: Differences, Returns & Fees
MODLMTUM
Expense ratio0.46%0.15%
Net assets, as of Jun 30, 2026$1.0bn$29.0bn
Total return, 1 year+15.3%+25.8%
What it tracksNo index, actively managedMSCI USA Momentum SR Variant Index
Holdings in common24%
Top ten holdings, share of the fund32.6%36.1%
Below its high7.1%, high on Jun 22, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+15.3%
MODL total return, 1 year
+25.8%
MTUM total return, 1 year
0.46%
MODL expense ratio
0.15%
MTUM expense ratio

What they hold in common

By the books each fund has filed, MODL and MTUM hold 24% 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 Jun 30, 2026 and Oct 9, 2026.

half

24% in common

Positions both hold, largest shared weight first
Holding MODL MTUM
ALPHABET INC. 3.36% 2.69%
ALPHABET INC. 2.90% 2.12%
MICRON TECHNOLOGY, INC. 1.69% 5.19%
JOHNSON & JOHNSON 1.31% 3.14%
ADVANCED MICRO DEVICES, INC. 1.22% 6.16%
UNION PACIFIC CORPORATION 0.97% 0.90%
UNITEDHEALTH GROUP INCORPORATED 0.81% 1.92%
INTEL CORPORATION 0.78% 4.09%
THE GOLDMAN SACHS GROUP, INC. 0.73% 0.92%
LAM RESEARCH CORPORATION 0.70% 2.34%
MERCK & CO., INC. 0.69% 1.74%
MORGAN STANLEY 0.62% 0.92%
Only in MODL
NVIDIA CORPORATION 6.04%
APPLE INC. 5.48%
MICROSOFT CORPORATION 3.52%
ABBVIE INC. 2.69%
BROADCOM INC. 2.31%
ELI LILLY AND COMPANY 2.21%
JPMORGAN CHASE & CO. 2.16%
META PLATFORMS, INC. 1.97%
Only in MTUM
APPLIED MATERIAL INC 3.03%
EXXONMOBIL HOLDINGS CORP 2.60%
CATERPILLAR INC 2.02%
SEAGATE TECHNOLOGY HOLDINGS PLC 2.02%
COCA-COLA 1.79%
GE VERNOVA 1.53%
CHEVRON 1.43%
TEXAS INSTRUMENT INC 1.23%

Check overlap with more funds →

On the same fields

MODL
VictoryShares WestEnd U.S. Sector ETF
MTUM
iShares MSCI USA Momentum Factor ETF
Where it sits Stock ETF Stock ETF
Issuer VictoryShares iShares
What it is Actively managed Tracks the MSCI USA Momentum Factor
Total return, 1 year +15.3% +25.8%
Expense ratio 0.46% 0.15%
Already in the S&P 500 95.6% 93.2%
Holdings 363 126
Net assets, MODL as of Jun 30, 2026 and MTUM as of Oct 9, 2026 $1.0bn $20.3bn

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

About MODL

MODL is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.46% a year. By its holdings filed for Jun 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 363 positions, with the top ten at 32.6%.

About MTUM

MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 9, 2026 it returned +25.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. 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, MODL or MTUM?
In the year to Oct 9, 2026, with distributions reinvested, MODL returned +15.3% and MTUM +25.8%.
Which is cheaper, MODL or MTUM?
MTUM is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MODL and MTUM overlap with the S&P 500?
By their latest filed holdings, 96% of MODL and 93% of MTUM by weight is stocks the S&P 500 already holds.
Other comparisons
MODL vs OEFDFUS vs MODLMODL vs SPHQMODL vs SPMOMTUM vs SEIMDFAL vs MTUMEPS vs MTUMMTUM vs QUS
MODL on its own →MTUM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
MODL filings on SEC EDGAR ↗MODL prospectus with the expense ratio (SEC) ↗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, MODL against MTUM, data as of Oct 9, 2026. https://etfiq.com/compare/any/modl-vs-mtum

Open data

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