Data as of Oct 28, 2026.
MTUM vs ONEQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, MTUM returned +18.4% to ONEQ's +12.7%; 17% 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 $10.9bn on Sep 30, 2026 for Fidelity Nasdaq Composite Index ETF.
Pair scorecard
MTUM costs 0.06 points a year less; their one-year returns differ by 5.7 points; MTUM is 1.9 times larger.
| Measure | MTUM | ONEQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.4% | +12.7% |
| Drawdown | ||
| Below its high | 11.9%, high on Jun 22, 2026 | 3.8%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | MSCI USA Momentum SR Variant Index | Nasdaq Composite Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.21% |
| Net assets, as of Sep 30, 2026 | $20.4bn | $10.9bn |
| Holdings | ||
| Holdings in common | 17% | |
| Top ten holdings, share of the fund | 35.5% | 56.0% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, MTUM and ONEQ hold 17% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
17% in common
Only in one fund ↓
Side by side
MTUM and ONEQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MTUM and ONEQ do different jobs. What does each one do in a portfolio?
- What each follows. MTUM follows MSCI USA Momentum SR Variant Index and ONEQ follows Nasdaq Composite Index.
- Holdings in common. 17% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MTUM returned +18.4% and ONEQ +12.7% with distributions reinvested, a gap of 5.7 points.
Data as of Oct 28, 2026.
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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.
ONEQ
ONEQ tracks the Nasdaq Composite. Over the year to Oct 28, 2026 it returned +12.7% with distributions reinvested. The prospectus expense ratio is 0.21% a year. By its holdings filed for Aug 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 1,026 positions, with the top ten at 56.0%. It sat 3.8% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, MTUM or ONEQ?
- In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and ONEQ +12.7%.
- Which is cheaper, MTUM or ONEQ?
- MTUM is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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 ONEQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/mtum-vs-oneq
ETFIQ. (Oct 28, 2026). MTUM against ONEQ. Retrieved from https://etfiq.com/compare/any/mtum-vs-oneq
[MTUM against ONEQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mtum-vs-oneq)
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