MTUM — iShares MSCI USA Momentum Factor ETF

MTUM Price Performance — Growth of $10,000

Value of a $10,000 investment in MTUM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

MTUM Drawdown

The "underwater" chart: MTUM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI USA Momentum Factor ETF (MTUM) is a factor-based investment that focuses on the US market, tracking the performance of stocks with strong momentum. Issued by iShares, it is positioned within a category of 16 US Quality / Factor ETFs. With an overall rank of #169 out of 458 tracked ETFs across all categories, MTUM holds a modest position. The ETFValuer grade of B (score 65.9/100) suggests a satisfactory performance. Its expense ratio of 0.15% is relatively low, indicating efficient management, while the dividend yield of 0.62% provides a modest income stream. The price of $305.17 and an AUM of $25.3B reflect a high level of investor interest, positioning it as a significant player in its category.

MTUM's performance shows a mixed pattern across different time horizons. Over the past year, the fund gained 26.55%, which is strong, but the 1-month return of -2.81% and the 1-week return of -3.80% indicate some volatility. However, the 3-month return of +1.11% and the 6-month return of +20.02% suggest a recovery trend. The year-to-date (YTD) return of +20.99% and the 3-year return of +116.58% show a robust long-term performance. This pattern suggests that while the fund has experienced short-term fluctuations, it has generally performed well over the longer term, with a notable acceleration in the 6-month period.

MTUM is labeled as having high volatility, indicated by its beta of 1.29, which means it is more sensitive to market movements than the overall market. Its Sharpe ratio of 0.83 suggests that it offers a good risk-adjusted return, meaning that the fund provides a reasonable return for the level of risk taken. The maximum drawdown of -20.99% highlights that the fund has experienced significant declines, which could be concerning for risk-averse investors. However, the combination of high beta, a Sharpe ratio above 0.8, and a relatively low expense ratio suggests that MTUM is designed to capture momentum-driven returns, which can be more volatile but potentially more rewarding in up markets. This fund is suitable for investors who are comfortable with higher risk in exchange for the potential for higher returns.

AI-generated summary based on the data on this page.

MTUM Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 40.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how MTUM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With MTUM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with MTUM's top 10 — SPMO overlaps most, holding 9 of the same companies as MTUM's top 10 (37.2% of MTUM's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MTUM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.07% and average daily volume is 1.8M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $25.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: MTUM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

MTUM Performance History

How MTUM Compares to Other US Quality / Factor ETFs