Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs USMV: how they differ
MTUM and USMV hold 24% of their weight in the same names, and MTUM returned more over the year.
iShares MSCI USA Momentum Factor ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, MTUM and USMV hold 24% of their money in the same securities at the same weight.
| Holding | MTUM | USMV |
|---|---|---|
| JOHNSON & JOHNSON | 3.38% | 1.49% |
| EXXONMOBIL HOLDINGS CORP | 2.69% | 1.48% |
| MERCK & CO INC | 1.83% | 1.46% |
| CISCO SYSTEMS INC | 3.48% | 1.36% |
| COCA-COLA | 1.89% | 1.28% |
| WELLTOWER | 0.98% | 1.53% |
| BANK OF NEW YORK MELLON CORP | 0.79% | 1.04% |
| FORTINET | 0.89% | 0.79% |
| MICRON TECHNOLOGY | 5.20% | 0.76% |
| AMPHENOL CORP CLASS A | 0.75% | 1.58% |
| ADVANCED MICRO DEVICES | 5.39% | 0.73% |
| ANALOG DEVICES | 0.81% | 0.70% |
| Only in MTUM | Only in USMV |
|---|---|
| INTEL CORPORATION 4.14% | MICROSOFT 1.56% |
| ALPHABET CLASS A 2.69% | NVIDIA 1.54% |
| CATERPILLAR INC 2.14% | CHUBB 1.49% |
| DELL TECHNOLOGIES INC CLASS C 1.88% | VERIZON COMMUNICATIONS INC 1.49% |
| KLA 1.18% | MOTOROLA SOLUTIONS INC 1.48% |
| GOLDMAN SACHS GROUP 1.10% | BERKSHIRE HATHAWAY INC CLASS B 1.46% |
| VALERO ENERGY CORP 1.10% | VERTEX PHARMACEUTICALS 1.39% |
| MORGAN STANLEY 1.08% | DUKE ENERGY CORP 1.38% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| MTUM iShares MSCI USA Momentum Factor ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Momentum Factor | MSCI USA Min Vol Factor |
| Total return, 1 year | +21.8% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | −10.9 pts |
| Expense ratio | 0.15% | 0.15% |
| Already in the S&P 500 | 98.2% | 94.8% |
| Holdings | 128 | 175 |
MTUM in plain words
MTUM is an index equity fund tracking the MSCI USA Momentum Factor. Over the year to Sep 11, 2026 it returned +21.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 128 positions, with the top ten at 35.3%. It sat 11.1% below its high of Jun 22, 2026 on Sep 11, 2026.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, MTUM or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, MTUM returned +21.8% and USMV returned +6.6%, so MTUM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MTUM or USMV?
- MTUM charges 0.15% a year and USMV charges 0.15%, so MTUM is cheaper. Fees come from each fund's prospectus.
- How much do MTUM and USMV overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 24% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MTUM against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/mtum-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources