MTUM vs PDP: Differences, Returns & Fees
MTUM and PDP hold 28% of their weight in the same names, and MTUM returned +25.8% over the year. Net assets on Oct 9, 2026: $20.3bn for iShares MSCI USA Momentum Factor ETF and $1.5bn for Invesco Dorsey Wright Momentum ETF.
MTUM costs 0.47 points a year less; their one-year returns differ by 8.6 points; MTUM is 13.5 times larger.
| MTUM | PDP | |
|---|---|---|
| Expense ratio | 0.15% | 0.62% |
| Net assets | $20.3bn | $1.5bn |
| Total return, 1 year | +25.8% | +17.2% |
| What it tracks | MSCI USA Momentum SR Variant Index | Dorsey Wright Technical Leaders Index |
| Holdings in common | 28% | |
| Holdings dated | Oct 8, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 36.3% | 24.1% |
| Below its high | 7.1%, high on Jun 22, 2026 | 8.2%, high on Jun 22, 2026 |
Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, MTUM and PDP hold 28% 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 8, 2026 and Oct 9, 2026.
half
28% in common
On the same fields
MTUM and PDP on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
MTUM in plain words
MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 9, 2026 it returned +25.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 8, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 36.3%. It sat 7.1% below its high of Jun 22, 2026 on Oct 9, 2026.
PDP in plain words
PDP tracks an index. Over the year to Oct 9, 2026 it returned +17.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.62% a year. By its holdings published by its issuer for Oct 10, 2026, 66% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 24.1%. It sat 8.2% below its high of Jun 22, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, MTUM or PDP?
- In the year to Oct 9, 2026, with distributions reinvested, MTUM returned +25.8% and PDP +17.2%.
- Which is cheaper, MTUM or PDP?
- MTUM is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, MTUM against PDP, data as of Oct 9, 2026. https://etfiq.com/compare/any/mtum-vs-pdp
ETFIQ. (Oct 9, 2026). MTUM against PDP. Retrieved from https://etfiq.com/compare/any/mtum-vs-pdp
[MTUM against PDP (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/mtum-vs-pdp)
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