Data as of Oct 28, 2026.

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MTUM vs VGT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, MTUM returned +18.4% to VGT's +24.7%; 31% 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 $154.5bn on Sep 30, 2026 for Vanguard Information Tech ETF.

At a glance
+18.4%
MTUM total return, 1 year
+24.7%
VGT total return, 1 year
0.15%
MTUM expense ratio
0.09%
VGT expense ratio

Pair scorecard

VGT costs 0.06 points a year less; their one-year returns differ by 6.3 points; VGT is 7.6 times larger.

MTUM vs VGT: Differences, Returns & Fees
MeasureMTUMVGT
Return
Total return, 1 year+18.4%+24.7%
Drawdown
Below its high11.9%, high on Jun 22, 20264.8%, high on Oct 6, 2026
Benchmark
What it tracksMSCI USA Momentum SR Variant IndexMSCI US Investable Market Index (IMI)/Information Technology 25/50
Cost and size
Expense ratio0.15%0.09%
Net assets, as of Sep 30, 2026$20.4bn$154.5bn
Holdings
Holdings in common31%
Top ten holdings, share of the fund35.5%63.6%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Apr 26, 2013 to Oct 23, 2026 · 704 weekly returns
MTUM VGT
Return
Total return edge VGT +554.7% +1,422.7%
Annualized edge VGT +14.9% +22.3%
Price return edge VGT +459.1% +1,234.3%
Risk
Volatility edge MTUM (slight) 19.0% 21.0%
Max drawdown edge MTUM (slight) −31.9% −34.1%
Downside capture 101.7% 99.9%
Beta 1.02 1.00
Risk-adjusted
Sharpe edge VGT 0.73 0.98
Sortino edge VGT 1.07 1.48
Treynor 0.135 0.201
Calmar edge VGT 0.47 0.65
Against the benchmark
Alpha +1.3% a year +0.1% a year
Alpha t-stat 0.53 0.80
Information ratio 0.17 0.19
Tracking error 9.3% 0.7%

Each against its own benchmark: MTUM against MLRG, Apr 26, 2013 to Oct 23, 2026; VGT against FTEC, Nov 1, 2013 to Oct 23, 2026.

Reading

VGT returned more: +1,422.7% to +554.7%. MTUM swung slightly less: 19.0% to 21.0%. MTUM fell slightly less at its worst: −31.9% to −34.1%.

Full scorecard

19 measures, with how each is measured
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Risk and return: MTUM vs VGT: Differences, Returns & Fees
MeasureMTUMVGTEdgeHow it is measured
Return
Total return+554.7%+1,422.7%VGTPrice change plus distributions, reinvested.
Annualized+14.9%+22.3%VGTTotal return as a yearly rate.
Price return+459.1%+1,234.3%VGTPrice change alone, distributions left out.
Risk
Volatility19.0%21.0%MTUM (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.0%13.9%MTUM (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−31.9%−34.1%MTUM (slight)Deepest fall from a high to the low after it.
Upside capture106.2%100.0%Share of its benchmark's rise caught in the weeks it rose.
Downside capture101.7%99.9%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.021.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.761.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.730.98VGTReturn above Treasury bills per unit of volatility.
Sortino1.071.48VGTReturn above Treasury bills per unit of downside deviation.
Treynor0.1350.201Return above Treasury bills per unit of beta.
Calmar0.470.65VGTAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkMLRGFTECThe ETF each fund is measured against.
Alpha+1.3% a year+0.1% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.530.80Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−3.7% to +6.3%−0.2% to +0.5%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.170.19Return against its benchmark per unit of tracking error.
Tracking error9.3%0.7%Not an edgeHow far weekly returns stray from the benchmark, annualized.

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

31%

By the books each fund has filed, MTUM and VGT hold 31% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

31% in common

Positions both hold · largest shared weight first MTUM VGT
MICRON TECHNOLOGY 5.00% 4.45%
ADVANCED MICRO DEVICES 6.06% 3.67%
INTEL CORPORATION 3.92% 1.98%
CISCO SYSTEMS INC 3.64% 1.60%
LAM RESEARCH 1.89% 1.55%
APPLIED MATERIAL INC 2.53% 1.53%
PALO ALTO NETWORKS 2.88% 1.24%
CROWDSTRIKE HOLDINGS CLASS A 1.83% 1.02%
KLA 1.04% 0.98%
TEXAS INSTRUMENT 1.43% 0.98%
SANDISK 2.42% 0.97%
MARVELL TECHNOLOGY 2.02% 0.88%
Only in one fund ↓
Only in MTUM
JOHNSON & JOHNSON 3.45%
EXXONMOBIL HOLDINGS CORP 2.96%
ALPHABET CLASS A 2.62%
UNITEDHEALTH GROUP 2.22%
ALPHABET CLASS C 2.07%
COCA-COLA 1.98%
CATERPILLAR INC 1.92%
MERCK & CO INC 1.81%
Only in VGT
NVIDIA Corp 17.58%
Apple Inc 15.91%
Microsoft Corp 11.16%
Broadcom Inc 4.11%
Palantir Technologies Inc 1.55%
Oracle Corp 0.85%
International Business Machines Corp 0.77%
QUALCOMM Inc 0.76%
Check overlap with more funds →

Side by side

MTUM iShares MSCI USA Momentum Factor ETF VGT Vanguard Information Tech ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI USA Momentum Factor Tracks an index of Information technology
Total return, 1 year +18.4% +24.7%
Its benchmark over the same days +13.6% (MLRG) +25.0% (FTEC)
Gap to its benchmark +4.8 pts vs MLRG −0.3 pts vs FTEC
Expense ratio 0.15% 0.09%
Already in the S&P 500 93.2% 86.8%
Holdings 126 320
Net assets, MTUM as of Oct 27, 2026 and VGT as of Sep 30, 2026 $18.7bn $154.5bn

MTUM and VGT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-FA9FB03AB8

MTUM and VGT do different jobs. What does each one do in a portfolio?

  1. What each follows. MTUM follows MSCI USA Momentum SR Variant Index and VGT follows MSCI US Investable Market Index (IMI)/Information Technology 25/50.
  2. Holdings in common. 31% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 MTUM returned +18.4% and VGT +24.7% with distributions reinvested, a gap of 6.3 points.

Data as of Oct 28, 2026.

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About each fund
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.

VGT

VGT tracks an index of Information technology. Over the year to Oct 28, 2026 it returned +24.7% with distributions reinvested, against +25.0% for its benchmark, the MSCI US Investable Market Index (IMI)/Information Technology 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 320 positions, with the top ten at 63.6%. It sat 4.8% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, MTUM or VGT?
In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and VGT +24.7%.
Which is cheaper, MTUM or VGT?
VGT is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MTUM and VGT overlap with the S&P 500?
By their latest filed holdings, 93% of MTUM and 87% of VGT by weight is stocks the S&P 500 already holds.
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ETFIQ, MTUM against VGT, data as of Oct 28, 2026. https://etfiq.com/compare/any/mtum-vs-vgt

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