MTUM vs USCL: Differences, Returns & Fees
MTUM and USCL hold 25% 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 $2.9bn for iShares Climate Conscious & Transition MSCI USA ETF.
USCL costs 0.07 points a year less; their one-year returns differ by 12.9 points; MTUM is 6.9 times larger.
| MTUM | USCL | |
|---|---|---|
| Expense ratio | 0.15% | 0.08% |
| Net assets | $20.3bn | $2.9bn |
| Total return, 1 year | +25.8% | +12.9% |
| What it tracks | MSCI USA Momentum SR Variant Index | MSCI USA Extended Climate Action Index |
| Holdings in common | 25% | |
| Top ten holdings, share of the fund | 36.1% | 46.3% |
| Below its high | 7.1%, high on Jun 22, 2026 | |
Holdings in common uses holdings dated Oct 9, 2026.
What they hold in common
By the books each fund has filed, MTUM and USCL hold 25% 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
25% in common
On the same fields
MTUM and USCL 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 USCL
USCL tracks an index. Over the year to Oct 9, 2026 it returned +12.9% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 9, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 392 positions, with the top ten at 46.3%.
Questions people ask
- Which returned more over the last year, MTUM or USCL?
- In the year to Oct 9, 2026, with distributions reinvested, MTUM returned +25.8% and USCL +12.9%.
- Which is cheaper, MTUM or USCL?
- USCL is cheaper, by 0.07 percentage points a year. That is about $7 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 USCL, data as of Oct 9, 2026. https://etfiq.com/compare/any/mtum-vs-uscl
ETFIQ. (Oct 9, 2026). MTUM against USCL. Retrieved from https://etfiq.com/compare/any/mtum-vs-uscl
[MTUM against USCL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/mtum-vs-uscl)
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