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 is a US Quality / Factor fund issued by iShares, managing $20.4 billion in assets. It holds an ETFValuer grade of B, reflecting a score of 75.0 out of 100, and ranks 4th among 16 peers in its category while sitting at #60 overall across all tracked ETFs. The fund’s expense ratio of 0.15% aligns with the category median, though its dividend yield of 0.57% trails the peer average of 1.23%. Concentration is notable, with the top 10 holdings comprising 40.0% of assets, led by a 5.9% position in Micron Technology, Inc.

The fund’s price of $322.42 places it at 80.1% of its 52-week range, indicating a position near the upper end of recent trading levels. Short-term momentum is evident with a 1-month return of +4.66% and a 1-week gain of +1.60%, contrasting with a slight 1-day decline of -0.63%. Longer-term performance shows significant acceleration, with a 1-year return of +27.69% substantially outpacing the category median of +17.20%. Over a 3-year horizon, the fund has delivered a cumulative return of +132.88%, supported by a 6-month gain of +24.57%. The B grade has remained unchanged over the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 1.29, the fund exhibits higher sensitivity to market movements compared to the broader index. Annualized volatility stands at 26.53%, which is labeled as High, suggesting significant price fluctuations. The Sharpe ratio of 0.86 indicates the risk-adjusted return profile, while the maximum drawdown of -20.99% highlights the peak-to-trough decline experienced during the measurement period. Liquidity is supported by an average daily volume of 1,557,685 shares, facilitating trading activity. These metrics collectively describe a fund that has delivered strong returns but with elevated volatility and market correlation.

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

MTUM Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 40.0% 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 6 of the same companies as MTUM's top 10 (26.4% 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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MTUM Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.6M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $20.4B 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