Data as of Oct 28, 2026.
MTUM vs VEU: Differences, Returns & Fees
Over the year to Oct 28, 2026, MTUM returned +18.4% to VEU's +14.4%; 0% of their weight is in the same names.
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Net assets: $18.7bn on Oct 27, 2026 for iShares MSCI USA Momentum Factor ETF, and $68.1bn on Sep 30, 2026 for Vanguard FTSE All World Ex US ETF.
Pair scorecard
VEU costs 0.11 points a year less; their one-year returns differ by 4.0 points; VEU is 3.3 times larger.
| Measure | MTUM | VEU |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.4% | +14.4% |
| Drawdown | ||
| Below its high | 11.9%, high on Jun 22, 2026 | 5.0%, high on Sep 4, 2026 |
| Benchmark | ||
| What it tracks | MSCI USA Momentum SR Variant Index | FTSE All-World ex US Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.04% |
| Net assets, as of Sep 30, 2026 | $20.4bn | $68.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 35.5% | 15.2% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, MTUM and VEU hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
MTUM and VEU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
VEU
VEU tracks the FTSE All-World ex-US. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,816 positions, with the top ten at 15.2%. It sat 5.0% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, MTUM or VEU?
- In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and VEU +14.4%.
- Which is cheaper, MTUM or VEU?
- VEU is cheaper, by 0.11 percentage points a year. That is about $11 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.
Cite this pageCitation, APA and Markdown
ETFIQ, MTUM against VEU, data as of Oct 28, 2026. https://etfiq.com/compare/any/mtum-vs-veu
ETFIQ. (Oct 28, 2026). MTUM against VEU. Retrieved from https://etfiq.com/compare/any/mtum-vs-veu
[MTUM against VEU (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mtum-vs-veu)
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