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MTUM vs QLC: Differences, Returns & Fees

MTUM and QLC hold 24% of their weight in the same names, and MTUM returned +25.8% over the year. Net assets: $20.3bn on Oct 9, 2026 for iShares MSCI USA Momentum Factor ETF, and $1.0bn on Jul 31, 2026 for Northern Trust US Quality Large Cap ETF.

MTUM costs 0.10 points a year less; their one-year returns differ by 6.0 points; MTUM is far larger, $25.3bn against $1.0bn.

MTUM vs QLC: Differences, Returns & Fees
MTUMQLC
Expense ratio0.15%0.25%
Net assets, as of Jul 31, 2026$25.3bn$1.0bn
Total return, 1 year+25.8%+19.8%
What it tracksMSCI USA Momentum SR Variant IndexNorthern Trust Quality Large Cap Index
Holdings in common24%
Top ten holdings, share of the fund36.1%37.6%
Below its high7.1%, high on Jun 22, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+25.8%
MTUM total return, 1 year
+19.8%
QLC total return, 1 year
0.15%
MTUM expense ratio
0.25%
QLC expense ratio

What they hold in common

By the books each fund has filed, MTUM and QLC 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 Jul 31, 2026 and Oct 9, 2026.

half

24% in common

Positions both hold, largest shared weight first
Holding MTUM QLC
ALPHABET CLASS A 2.69% 4.09%
ALPHABET CLASS C 2.12% 3.66%
CISCO SYSTEMS INC 3.63% 1.85%
JOHNSON & JOHNSON 3.14% 1.81%
MICRON TECHNOLOGY 5.19% 1.09%
KLA 1.24% 1.08%
GOLDMAN SACHS GROUP 0.92% 1.17%
CITIGROUP 0.84% 1.66%
LAM RESEARCH 2.34% 0.80%
MORGAN STANLEY 0.92% 0.78%
DELL TECHNOLOGIES INC CLASS C 2.06% 0.75%
VALERO ENERGY CORP 1.17% 0.73%
Only in MTUM
APPLIED MATERIAL INC 3.03%
PALO ALTO NETWORKS 2.81%
SANDISK 2.74%
EXXONMOBIL HOLDINGS CORP 2.60%
MARVELL TECHNOLOGY 2.13%
UNITEDHEALTH GROUP 1.92%
COCA-COLA 1.79%
CROWDSTRIKE HOLDINGS CLASS A 1.75%
Only in QLC
Apple, Inc. 7.33%
NVIDIA Corp. 7.10%
Microsoft Corp. 4.25%
Broadcom, Inc. 2.94%
Amazon.com, Inc. 2.59%
JPMorgan Chase & Co. 1.98%
Bank of America Corp. 1.46%
Meta Platforms, Inc. 1.40%

Check overlap with more funds →

On the same fields

MTUM
iShares MSCI USA Momentum Factor ETF
QLC
Northern Trust US Quality Large Cap ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Northern Trust
What it is Tracks the MSCI USA Momentum Factor Tracks an index
Total return, 1 year +25.8% +19.8%
Expense ratio 0.15% 0.25%
Already in the S&P 500 93.2% 96.4%
Holdings 126 177
Net assets, MTUM as of Oct 9, 2026 and QLC as of Jul 31, 2026 $20.3bn $1.0bn

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

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.

About QLC

QLC tracks an index. Over the year to Oct 9, 2026 it returned +19.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings filed for Jul 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 177 positions, with the top ten at 37.6%.

Questions people ask

Which returned more over the last year, MTUM or QLC?
In the year to Oct 9, 2026, with distributions reinvested, MTUM returned +25.8% and QLC +19.8%.
Which is cheaper, MTUM or QLC?
MTUM is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MTUM and QLC overlap with the S&P 500?
By their latest filed holdings, 93% of MTUM and 96% of QLC by weight is stocks the S&P 500 already holds.
Other comparisons
DGRW vs MTUMMTUM vs OEFMTUM vs USMVMTUM vs RDVYDFUS vs QLCDGRW vs QLCCGDV vs QLCESGU vs QLC
MTUM on its own →QLC on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
MTUM filings on SEC EDGAR ↗MTUM prospectus with the expense ratio (SEC) ↗iShares page for MTUM ↗QLC filings on SEC EDGAR ↗QLC prospectus with the expense ratio (SEC) ↗

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, MTUM against QLC, data as of Oct 9, 2026. https://etfiq.com/compare/any/mtum-vs-qlc

Open data

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