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Data as of Oct 28, 2026.

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MTUM vs XLF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, MTUM returned +18.4% to XLF's +7.6%; 6% of their weight is in the same names.

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Net assets on Oct 27, 2026: $18.7bn for iShares MSCI USA Momentum Factor ETF and $51.6bn for State Street Financial Select Sector SPDR ETF.

MTUM on its own →XLF on its own →
At a glance
+18.4%
MTUM total return, 1 year
+7.6%
XLF total return, 1 year
0.15%
MTUM expense ratio
0.08%
XLF expense ratio

Pair scorecard

XLF costs 0.07 points a year less; their one-year returns differ by 10.8 points; XLF is 2.8 times larger.

MTUM vs XLF: Differences, Returns & Fees
MeasureMTUMXLF
Return
Total return, 1 year+18.4%+7.6%
Drawdown
Below its high11.9%, high on Jun 22, 20263.8%, high on Sep 3, 2026
Benchmark
What it tracksMSCI USA Momentum SR Variant IndexFinancial Select Sector Index
Cost and size
Expense ratio0.15%0.08%
Net assets, as of Oct 27, 2026$18.7bn$51.6bn
Holdings
Holdings in common6%
Top ten holdings, share of the fund35.5%57.4%

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

What they share

6%

By the books each fund has filed, MTUM and XLF hold 6% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

6% in common

Positions both hold · largest shared weight first MTUM XLF
GOLDMAN SACHS GROUP 1.00% 3.37%
MORGAN STANLEY 0.96% 2.83%
CITIGROUP 0.85% 2.61%
BANK OF NEW YORK MELLON CORP 0.73% 1.27%
TRAVELERS COMPANIES 0.58% 1.05%
ALLSTATE CORP 0.43% 0.81%
STATE STREET 0.38% 0.60%
NORTHERN TRUST 0.16% 0.40%
CBOE GLOBAL MARKETS 0.15% 0.43%
INTERACTIVE BROKERS GROUP INC CLAS 0.14% 0.47%
PRINCIPAL FINANCIAL GROUP INC 0.13% 0.28%
CITIZENS FINANCIAL GROUP INC 0.11% 0.35%
Only in one fund ↓
Only in MTUM
ADVANCED MICRO DEVICES 6.06%
MICRON TECHNOLOGY 5.00%
INTEL CORPORATION 3.92%
CISCO SYSTEMS INC 3.64%
JOHNSON & JOHNSON 3.45%
EXXONMOBIL HOLDINGS CORP 2.96%
PALO ALTO NETWORKS 2.88%
ALPHABET CLASS A 2.62%
Only in XLF
BERKSHIRE HATHAWAY INC CL B 12.84%
JPMORGAN CHASE + CO 11.33%
VISA INC CLASS A SHARES 8.69%
MASTERCARD INC A 6.26%
BANK OF AMERICA CORP 4.18%
WELLS FARGO + CO 3.17%
AMERICAN EXPRESS CO 2.09%
BLACKROCK INC 2.08%
Check overlap with more funds →

Side by side

MTUM iShares MSCI USA Momentum Factor ETF XLF State Street Financial Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
Issuer iShares State Street
What it is Tracks the MSCI USA Momentum Factor Tracks an index of Financials
Total return, 1 year +18.4% +7.6%
Its benchmark over the same days +13.6% (MLRG) not measured
Gap to its benchmark +4.8 pts vs MLRG not measured
Expense ratio 0.15% 0.08%
Already in the S&P 500 93.2% 99.8%
Holdings 126 77
Net assets, as of Oct 27, 2026 $18.7bn $51.6bn

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

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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.

XLF

XLF tracks an index of Financials. Over the year to Oct 28, 2026 it returned +7.6% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 57.4%. It sat 3.8% below its high of Sep 3, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, MTUM or XLF?
In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and XLF +7.6%.
Which is cheaper, MTUM or XLF?
XLF 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.
How much do MTUM and XLF overlap with the S&P 500?
By their latest filed holdings, 93% of MTUM and 100% of XLF by weight is stocks the S&P 500 already holds.
Other comparisons
KRE vs MTUMMTUM vs XLEMTUM vs VNQMTUM vs XLISPHQ vs XLFSPMO vs XLFUSMV vs XLFRDVY vs XLF
Where to next
MTUM on its own →XLF on its own →Hold both: look the portfolio through →Rankings →MTUM dividend history →MTUM holdings →XLF dividend history →XLF holdings →Standards and sources →
Sources and dates
MTUM filings on SEC EDGAR ↗
MTUM prospectus with the expense ratio (SEC) ↗
iShares page for MTUM ↗
XLF filings on SEC EDGAR ↗
XLF prospectus with the expense ratio (SEC) ↗
State Street website ↗

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.

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ETFIQ, MTUM against XLF, data as of Oct 28, 2026. https://etfiq.com/compare/any/mtum-vs-xlf

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