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 US Quality / Factor fund issued by iShares that currently holds $29.0 billion in assets under management. Trading at a price of $292.32, the fund carries an expense ratio of 0.15% and offers a dividend yield of 0.54%. ETFValuer ranks this fund #147 out of 458 tracked ETFs across all categories, assigning it an overall grade of B with a score of 67.2/100. Within its specific category of US Quality / Factor, the fund is one of 16 ETFs monitored by the platform. The substantial asset size and specific factor focus suggest significant investor adoption relative to the broader universe of tracked funds. Its positioning as a momentum-focused vehicle aligns with the broader category characteristics while maintaining a moderate cost structure. The combination of high assets and a mid-tier rank indicates a mature product with established market presence.

Short-term performance shows significant recent weakness, with the fund down -3.31% over one day and -3.41% over one week. This decline extended into the monthly horizon, where the ETF recorded a -13.85% return over the last month. However, the trend reversed over longer periods, posting a +4.18% gain over three months and accelerating to +14.64% over six months. Year-to-date returns stand at +15.90%, while the one-year return reached +22.87%. The long-term trajectory is particularly pronounced, with a three-year return of +104.10% indicating strong cumulative growth over the full period. This pattern illustrates a divergence where recent short-term losses contrast sharply with robust multi-year and annual gains.

The fund is assigned a High volatility label and exhibits a beta of 1.24, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 0.72 suggests the fund has generated a moderate amount of excess return per unit of risk taken over the measured period. Despite the high volatility, the maximum drawdown recorded was -20.99%, representing the largest peak-to-trough decline experienced by the fund. This combination of a beta above 1.0 and a high volatility label implies the ETF amplifies market swings in both directions. The Sharpe ratio and drawdown figures together suggest that while the fund experiences significant price fluctuations, it has historically delivered returns that compensate for a portion of that risk. Investors should expect behavior that is more aggressive than the average market index during both up and down market cycles.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — 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 5.49% and average daily volume is 1.6M/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 $29.0B 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