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Data as of Oct 28, 2026.

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MTUM vs NOBL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, MTUM returned +18.4% to NOBL's +15.5%; 9% of their weight is in the same names.

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Net assets: $18.7bn on Oct 27, 2026 for iShares MSCI USA Momentum Factor ETF, and $11.6bn on Oct 28, 2026 for ProShares S&P 500 Dividend Aristocrats ETF.

MTUM on its own →NOBL on its own →
At a glance
+18.4%
MTUM total return, 1 year
+15.5%
NOBL total return, 1 year
0.15%
MTUM expense ratio
0.35%
NOBL expense ratio

Pair scorecard

MTUM costs 0.20 points a year less; their one-year returns differ by 2.9 points; MTUM is 1.6 times larger.

MTUM vs NOBL: Differences, Returns & Fees
MeasureMTUMNOBL
Return
Total return, 1 year+18.4%+15.5%
Drawdown
Below its high11.9%, high on Jun 22, 2026
Benchmark
What it tracksMSCI USA Momentum SR Variant IndexS&P 500 Dividend Aristocrats Index
Cost and size
Expense ratio0.15%0.35%
Net assets, as of Oct 27, 2026$18.7bn$11.7bn
Holdings
Holdings in common9%
Top ten holdings, share of the fund35.5%17.0%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

9%

By the books each fund has filed, MTUM and NOBL hold 9% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

9% in common

Positions both hold · largest shared weight first MTUM NOBL
CHEVRON 1.65% 1.66%
EXXONMOBIL HOLDINGS CORP 2.96% 1.63%
COCA-COLA 1.98% 1.55%
JOHNSON & JOHNSON 3.45% 1.47%
CATERPILLAR INC 1.92% 1.12%
NUCOR 0.42% 1.61%
TARGET CORP 0.39% 1.50%
WW GRAINGER INC 0.35% 1.39%
ARCHER DANIELS MIDLAND 0.17% 1.25%
WEST PHARMACEUTICAL SERVICES 0.17% 1.56%
NORDSON 0.06% 1.56%
Only in one fund ↓
Only in MTUM
ADVANCED MICRO DEVICES 6.06%
MICRON TECHNOLOGY 5.00%
INTEL CORPORATION 3.92%
CISCO SYSTEMS INC 3.64%
PALO ALTO NETWORKS 2.88%
ALPHABET CLASS A 2.62%
APPLIED MATERIAL INC 2.53%
SANDISK 2.42%
Only in NOBL
ROPER TECHNOLOGIES INC 1.81%
BECTON DICKINSON AND CO 1.78%
FACTSET RESEARCH SYSTEMS INC 1.77%
INTL BUSINESS MACHINES CORP 1.70%
AUTOMATIC DATA PROCESSING 1.69%
EMERSON ELECTRIC CO 1.67%
ERIE INDEMNITY COMPANY-CL A 1.64%
MEDTRONIC PLC 1.61%
Check overlap with more funds →

Side by side

MTUM iShares MSCI USA Momentum Factor ETF NOBL ProShares S&P 500 Dividend Aristocrats ETF
Where it sits Stock ETF Stock ETF
Issuer iShares ProShares
What it is Tracks the MSCI USA Momentum Factor Tracks the S&P 500 Dividend Aristocrats
Total return, 1 year +18.4% +15.5%
Its benchmark over the same days +13.6% (MLRG) not measured
Gap to its benchmark +4.8 pts vs MLRG not measured
Expense ratio 0.15% 0.35%
Already in the S&P 500 93.2% 98.3%
Holdings 126 69
Net assets, MTUM as of Oct 27, 2026 and NOBL as of Oct 28, 2026 $18.7bn $11.6bn

MTUM and NOBL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
MTUM

MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 35.5%. It sat 11.9% below its high of Jun 22, 2026 on Oct 28, 2026.

NOBL

NOBL tracks the S&P 500 Dividend Aristocrats. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 17.0%.

Questions people ask

Which returned more over the last year, MTUM or NOBL?
In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and NOBL +15.5%.
Which is cheaper, MTUM or NOBL?
MTUM is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MTUM and NOBL overlap with the S&P 500?
By their latest filed holdings, 93% of MTUM and 98% of NOBL by weight is stocks the S&P 500 already holds.
Other comparisons
MTUM vs RSPMTUM vs SDYMTUM vs VOECOWZ vs MTUMNOBL vs SPHQNOBL vs SPMOAVUS vs NOBLNOBL vs USMV
Where to next
MTUM on its own →NOBL on its own →Hold both: look the portfolio through →Rankings →MTUM dividend history →MTUM holdings →NOBL dividend history →NOBL holdings →Standards and sources →
Sources and dates
MTUM filings on SEC EDGAR ↗
MTUM prospectus with the expense ratio (SEC) ↗
iShares page for MTUM ↗
NOBL filings on SEC EDGAR ↗
NOBL prospectus with the expense ratio (SEC) ↗
ProShares page for NOBL ↗

Links are sources, not endorsements. 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.

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ETFIQ, MTUM against NOBL, data as of Oct 28, 2026. https://etfiq.com/compare/any/mtum-vs-nobl

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