Data as of Oct 28, 2026.
MTUM vs SDY: Differences, Returns & Fees
Over the year to Oct 28, 2026, MTUM returned +18.4% to SDY's +16.5%; 10% of their weight is in the same names.
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Net assets on Oct 27, 2026: $18.7bn for iShares MSCI USA Momentum Factor ETF and $21.9bn for State Street SPDR S&P Dividend ETF.
Pair scorecard
MTUM costs 0.20 points a year less; their one-year returns differ by 1.9 points; SDY is 1.2 times larger.
| Measure | MTUM | SDY |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.4% | +16.5% |
| Drawdown | ||
| Below its high | 11.9%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Momentum SR Variant Index | S&P High Yield Dividend Aristocrats Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.35% |
| Net assets, as of Oct 27, 2026 | $18.7bn | $21.9bn |
| Holdings | ||
| Holdings in common | 10% | |
| Top ten holdings, share of the fund | 35.5% | 20.4% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 26, 2013 to Oct 23, 2026 · 704 weekly returnsMTUM returned more: +554.7% to +276.0%. SDY swung less: 15.3% to 19.0%. MTUM and SDY fell about the same at their worst: −31.9% and −32.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | MTUM | SDY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +554.7% | +276.0% | MTUM | Price change plus distributions, reinvested. |
| Annualized | +14.9% | +10.3% | MTUM | Total return as a yearly rate. |
| Price return | +459.1% | +136.8% | MTUM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.0% | 15.3% | SDY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.0% | 10.7% | SDY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.9% | −32.4% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.73 | 0.59 | MTUM | Return above Treasury bills per unit of volatility. |
| Sortino | 1.07 | 0.85 | MTUM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.47 | 0.32 | MTUM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 704 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MTUM and SDY hold 10% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
10% in common
Only in one fund ↓
Side by side
MTUM and SDY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MTUM and SDY do different jobs. What does each one do in a portfolio?
- What each follows. MTUM follows MSCI USA Momentum SR Variant Index and SDY follows S&P High Yield Dividend Aristocrats Index.
- Holdings in common. 10% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. MTUM charges 0.15% of assets a year and SDY 0.35%, a gap of 0.20 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.
SDY
SDY tracks the S&P Dividend. Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 156 positions, with the top ten at 20.4%.
Questions people ask
- Which returned more over the last year, MTUM or SDY?
- In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and SDY +16.5%.
- Which is cheaper, MTUM or SDY?
- 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.
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 SDY, data as of Oct 28, 2026. https://etfiq.com/compare/any/mtum-vs-sdy
ETFIQ. (Oct 28, 2026). MTUM against SDY. Retrieved from https://etfiq.com/compare/any/mtum-vs-sdy
[MTUM against SDY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mtum-vs-sdy)
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