Which returned more over the last year, MTUM or USPX?

In the year to Oct 9, 2026, with distributions reinvested, MTUM returned +25.8% and USPX +16.9%.

Which is cheaper, MTUM or USPX?

USPX is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do MTUM and USPX overlap with the S&P 500?

By their latest filed holdings, 93% of MTUM and 98% of USPX by weight is stocks the S&P 500 already holds.

Share on X Download as PDF

Compare their flows Ask IQ about these two funds

MTUM vs USPX: Differences, Returns & Fees

MTUM and USPX hold 30% 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 $2.1bn for Franklin U.S. Equity Index ETF.

USPX costs 0.12 points a year less; their one-year returns differ by 8.9 points; MTUM is 9.7 times larger.

	MTUM	USPX
Expense ratio	0.15%	0.03%
Net assets	$20.3bn	$2.1bn
Total return, 1 year	+25.8%	+16.9%
What it tracks	MSCI USA Momentum SR Variant Index	Linked Morningstar US Target Market Exposure Index ††
Holdings in common	30%
Top ten holdings, share of the fund	36.3%	36.2%
Below its high	7.1%, high on Jun 22, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 8, 2026.

+25.8%

MTUM total return, 1 year

+16.9%

USPX total return, 1 year

0.15%

MTUM expense ratio

0.03%

USPX expense ratio

What they hold in common

By the books each fund has filed, MTUM and USPX hold 30% 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 Jun 30, 2026 and Oct 8, 2026.

50%

half

30% in common

Positions both hold, largest shared weight first

Holding MTUM USPX

ALPHABET CLASS A 2.69% 3.25%

ALPHABET CLASS C 2.12% 2.59%

MICRON TECHNOLOGY 5.26% 2.02%

ADVANCED MICRO DEVICES 6.33% 1.48%

JOHNSON & JOHNSON 3.10% 0.95%

INTEL CORPORATION 4.22% 0.94%

APPLIED MATERIAL INC 3.07% 0.89%

EXXONMOBIL HOLDINGS CORP 2.61% 0.88%

LAM RESEARCH 2.37% 0.85%

CATERPILLAR INC 2.02% 0.76%

CISCO SYSTEMS INC 3.54% 0.72%

KLA 1.25% 0.61%

Only in MTUM

REVOLUTION MEDICINES 0.29%

OKTA CLASS A 0.21%

ATI 0.18%

CASEYS GENERAL STORES INC 0.16%

NVENT ELECTRIC PLC 0.16%

ROIVANT SCIENCES LTD 0.16%

QNITY ELECTRONICS 0.15%

TECHNIPFMC PLC 0.15%

Only in USPX

NVIDIA CORP 7.29%

APPLE INC 6.59%

MICROSOFT CORP 4.31%

AMAZON.COM INC 3.64%

BROADCOM INC 2.73%

META PLATFORMS INC 1.92%

TESLA INC 1.84%

ELI LILLY & COMPANY 1.50%

Check overlap with more funds →

On the same fields

MTUM

iShares MSCI USA Momentum Factor ETF

USPX

Franklin U.S. Equity Index ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Franklin

What it is Tracks the MSCI USA Momentum Factor Tracks an index

Total return, 1 year +25.8% +16.9%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +8.6 pts −0.3 pts

Expense ratio 0.15% 0.03%

Already in the S&P 500 93.2% 97.9%

Holdings 126 468

Net assets $20.3bn $2.1bn

MTUM and USPX 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.

USPX in plain words

USPX tracks an index. Over the year to Oct 9, 2026 it returned +16.9% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 468 positions, with the top ten at 36.2%.

Questions people ask

Which returned more over the last year, MTUM or USPX?: In the year to Oct 9, 2026, with distributions reinvested, MTUM returned +25.8% and USPX +16.9%.
Which is cheaper, MTUM or USPX?: USPX is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MTUM and USPX overlap with the S&P 500?: By their latest filed holdings, 93% of MTUM and 98% of USPX by weight is stocks the S&P 500 already holds.

Other comparisons

MTUM vs TMFC CGCV vs MTUM LCAP vs MTUM DFSU vs MTUM CGDV vs USPX OEF vs USPX DFUS vs USPX SPHQ vs USPX

MTUM on its own →USPX 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 ↗USPX filings on SEC EDGAR ↗USPX prospectus with the expense ratio (SEC) ↗Franklin website ↗

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

Open data

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