The iShares MSCI USA Momentum Factor ETF (MTUM) is a $20.59 billion fund that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. With an expense ratio of 0.15%, MTUM offers exposure to U.S. equities with a focus on companies demonstrating strong upward price trends. The fund's momentum-driven strategy differentiates it from broad market ETFs, potentially offering higher growth but also increased volatility. Past performance does not guarantee future results.
The iShares MSCI USA Momentum Factor ETF (MTUM) is a $20.59 billion fund that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. With an expense ratio of 0.15%, MTUM offers exposure to U.S. equities with a focus on companies demonstrating strong upward price trends. The fund's momentum-driven strategy differentiates it from broad market ETFs, potentially offering higher growth but also increased volatility. Past performance does not guarantee future results.
ETF Overview
The iShares MSCI USA Momentum Factor ETF seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum.
MTUM aims to capture the performance of U.S. companies exhibiting high momentum characteristics. The ETF tracks an index that identifies stocks with strong recent price appreciation. This strategy leads to a portfolio that is rebalanced periodically to maintain exposure to the current leaders in momentum. As of 2026-03-15, MTUM's top holdings include Micron Technology Inc (4.95%), Broadcom Inc (4.61%), and NVIDIA Corp (4.59%), reflecting a significant allocation to the technology sector. The fund's sector allocation is heavily weighted towards Technology (40.7%), followed by Industrials (14.3%) and Financial Services (10.7%). This concentration reflects the sectors where momentum has been strongest. MTUM is designed for investors seeking to outperform the broad market by focusing on stocks with upward price trends, accepting the potential for higher volatility associated with momentum investing. Past performance does not guarantee future results.
Risk Metrics
MTUM's focus on momentum stocks introduces specific risks. Momentum strategies can be volatile, as stocks that have performed well may not continue to do so. The ETF's beta of 1.14 indicates that it is more volatile than the overall market. The significant allocation to the Technology sector (40.7%) exposes the fund to sector-specific risks. A downturn in the technology sector could disproportionately impact MTUM's performance. While the expense ratio of 0.15% is relatively low, it still represents a cost that can slightly detract from returns over time. The fund's concentration in its top holdings, with Micron Technology Inc at 4.95%, also introduces concentration risk. Investors should be aware of these factors when considering MTUM. Past performance does not guarantee future results.
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Risk Metrics
Beta: 1.14
Questions & Answers
What is MTUM and what does it track?
The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that aims to track the investment results of the MSCI USA Momentum Factor Index. This index is composed of U.S. large- and mid-capitalization stocks that exhibit relatively higher price momentum. In practice, MTUM invests in a portfolio of approximately 125 U.S. stocks identified as having strong recent upward price trends. The fund's objective is to provide investors with exposure to the momentum factor, which has historically been associated with periods of outperformance relative to the broader market. Past performance does not guarantee future results.
What is the expense ratio for MTUM?
The expense ratio for the iShares MSCI USA Momentum Factor ETF (MTUM) is 0.15%. This means that for every $10,000 invested in the fund, the annual cost is $15. This expense ratio covers the fund's operating expenses, including management fees and administrative costs. The 0.15% expense ratio is relatively low compared to the category average for equity ETFs, which is approximately 0.44%. This lower expense ratio can make MTUM a more cost-effective option for investors seeking exposure to U.S. momentum stocks.
What are the top holdings in MTUM?
As of 2026-03-15, the top holdings in the iShares MSCI USA Momentum Factor ETF (MTUM) include Micron Technology Inc (4.95%), Broadcom Inc (4.61%), NVIDIA Corp (4.59%), Johnson & Johnson (4.53%), and Exxon Mobil Corp (3.78%). These holdings represent a significant portion of the fund's total assets. The fund's top holdings are subject to change as the underlying index is rebalanced to reflect changes in stock price momentum. Investors should consult the fund's website for the most up-to-date information on its holdings.
Is MTUM a good long-term investment?
Whether MTUM is a suitable long-term investment depends on an individual investor's goals, risk tolerance, and investment horizon. MTUM offers exposure to the momentum factor, which can lead to periods of outperformance but also increased volatility. The fund's expense ratio of 0.15% is relatively low, which can benefit long-term returns. However, investors should be aware of the fund's sector concentration, particularly in technology (40.7%), which could impact performance. With a beta of 1.14, MTUM is more volatile than the broader market. Past performance does not guarantee future results.
How does MTUM compare to similar ETFs?
MTUM competes with other momentum-focused ETFs in the market. MTUM has $20.59 billion in assets under management, making it one of the largest ETFs in its category. Its expense ratio of 0.15% is competitive with other momentum ETFs. MTUM's strategy focuses on U.S. large- and mid-cap stocks exhibiting high price momentum, while other ETFs may use different methodologies or focus on different market segments. Investors should compare the specific index tracked, expense ratios, and historical performance of different momentum ETFs to determine which is most suitable for their needs. Past performance does not guarantee future results.
Does MTUM pay dividends?
The iShares MSCI USA Momentum Factor ETF (MTUM) has a dividend yield of 0.00% as of 2026-03-15. This indicates that the fund does not currently distribute dividends to its shareholders. The fund's focus on growth stocks, which tend to reinvest earnings rather than pay dividends, contributes to its low dividend yield. Investors seeking dividend income may want to consider other ETFs with a higher dividend yield. However, MTUM's potential for capital appreciation may be attractive to investors with a growth-oriented investment strategy.