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MTUM vs QVML: Differences, Returns & Fees

MTUM and QVML 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 $1.7bn for Invesco S&P 500 QVM Multi-factor ETF.

QVML costs 0.04 points a year less; their one-year returns differ by 8.0 points; MTUM is 11.8 times larger.

MTUM vs QVML: Differences, Returns & Fees
MTUMQVML
Expense ratio0.15%0.11%
Net assets$20.3bn$1.7bn
Total return, 1 year+25.8%+17.8%
What it tracksMSCI USA Momentum SR Variant IndexS&P 500 Quality, Value & Momentum Top 90% Multi-Factor Index
Holdings in common28%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund36.1%42.2%
Below its high7.1%, high on Jun 22, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+25.8%
MTUM total return, 1 year
+17.8%
QVML total return, 1 year
0.15%
MTUM expense ratio
0.11%
QVML expense ratio

What they hold in common

By the books each fund has filed, MTUM and QVML 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 9, 2026.

half

28% in common

Positions both hold, largest shared weight first
Holding MTUM QVML
ALPHABET CLASS A 2.69% 4.57%
MICRON TECHNOLOGY 5.19% 1.79%
ADVANCED MICRO DEVICES 6.16% 1.48%
EXXONMOBIL HOLDINGS CORP 2.60% 1.14%
JOHNSON & JOHNSON 3.14% 1.04%
CISCO SYSTEMS INC 3.63% 0.79%
INTEL CORPORATION 4.09% 0.72%
APPLIED MATERIAL INC 3.03% 0.66%
PALO ALTO NETWORKS 2.81% 0.65%
LAM RESEARCH 2.34% 0.65%
CHEVRON 1.43% 0.64%
CATERPILLAR INC 2.02% 0.61%
Only in MTUM
ALPHABET CLASS C 2.12%
DATADOG INC CLASS A 0.71%
CLOUDFLARE CLASS A 0.56%
BLOOM ENERGY CLASS A 0.48%
ASTERA LABS 0.43%
MARRIOTT INTERNATIONAL CLASS A 0.36%
REVOLUTION MEDICINES 0.29%
TWILIO CLASS A 0.24%
Only in QVML
NVIDIA Corp 8.97%
Apple Inc 8.12%
Microsoft Corp 6.74%
Amazon.com Inc 4.43%
Broadcom Inc 2.87%
Berkshire Hathaway Inc 1.59%
Eli Lilly & Co 1.59%
JPMorgan Chase & Co 1.48%

Check overlap with more funds →

On the same fields

MTUM
iShares MSCI USA Momentum Factor ETF
QVML
Invesco S&P 500 QVM Multi-factor ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Invesco
What it is Tracks the MSCI USA Momentum Factor Tracks an index
Total return, 1 year +25.8% +17.8%
Expense ratio 0.15% 0.11%
Already in the S&P 500 93.2% 99.6%
Holdings 126 438
Net assets $20.3bn $1.7bn

MTUM and QVML 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 QVML

QVML tracks an index. Over the year to Oct 9, 2026 it returned +17.8% with distributions reinvested. The prospectus expense ratio is 0.11% a year. By its holdings published by its issuer for Oct 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 438 positions, with the top ten at 42.2%.

Questions people ask

Which returned more over the last year, MTUM or QVML?
In the year to Oct 9, 2026, with distributions reinvested, MTUM returned +25.8% and QVML +17.8%.
Which is cheaper, MTUM or QVML?
QVML is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MTUM and QVML overlap with the S&P 500?
By their latest filed holdings, 93% of MTUM and 100% of QVML by weight is stocks the S&P 500 already holds.
Other comparisons
BAFE vs MTUMMTUM vs QDPLMTUM vs QUSEUSA vs MTUMDGRW vs QVMLCGDV vs QVMLOEF vs QVMLDFUS vs QVML
MTUM on its own →QVML 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 ↗QVML filings on SEC EDGAR ↗QVML prospectus with the expense ratio (SEC) ↗Invesco page for QVML ↗

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 QVML, data as of Oct 9, 2026. https://etfiq.com/compare/any/mtum-vs-qvml

Open data

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