MTUM vs QQQE: Differences, Returns & Fees
MTUM and QQQE hold 21% 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 $1.5bn on Oct 8, 2026 for Direxion NASDAQ-100 Equal Weighted Index ETF.
MTUM costs 0.20 points a year less; their one-year returns differ by 6.6 points; MTUM is 13.8 times larger.
| MTUM | QQQE | |
|---|---|---|
| Expense ratio | 0.15% | 0.35% |
| Net assets, as of Oct 8, 2026 | $20.1bn | $1.5bn |
| Total return, 1 year | +25.8% | +19.2% |
| What it tracks | MSCI USA Momentum SR Variant Index | not read by ETFIQ |
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 36.3% | 12.4% |
| Below its high | 7.1%, high on Jun 22, 2026 | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.
What they hold in common
By the books each fund has filed, MTUM and QQQE hold 21% 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 8, 2026.
half
21% in common
On the same fields
MTUM and QQQE 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.
QQQE in plain words
QQQE tracks an index. Over the year to Oct 9, 2026 it returned +19.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 12.4%.
Questions people ask
- Which returned more over the last year, MTUM or QQQE?
- In the year to Oct 9, 2026, with distributions reinvested, MTUM returned +25.8% and QQQE +19.2%.
- Which is cheaper, MTUM or QQQE?
- 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.
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 QQQE, data as of Oct 9, 2026. https://etfiq.com/compare/any/mtum-vs-qqqe
ETFIQ. (Oct 9, 2026). MTUM against QQQE. Retrieved from https://etfiq.com/compare/any/mtum-vs-qqqe
[MTUM against QQQE (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/mtum-vs-qqqe)
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