MTUM
iShares MSCI USA Momentum Factor ETF
The iShares MSCI USA Momentum Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
14.1 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares/USA |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 16, 2013 |
| Assets (mns) | $14,143 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WAL-MART STORES INC | 5.4 % |
| JPMORGAN CHASE & CO | 4.9 % |
| BROADCOM INC. | 4.5 % |
| VISA INC. CLASS A | 4.0 % |
| NVIDIA CORP | 3.9 % |
| META PLATFORMS INC | 3.8 % |
| TESLA MOTORS INC | 3.7 % |
| COSTCO WHOLESALE CORP | 3.4 % |
| NETFLIX INC | 3.2 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 2.9 % |
Constituent Breakdown
| Number of holdings | 124 |
| Herfindahl-Hirschman Index | 228 |
| Wgt avg mkt cap (mns) | $453,695 |
| Large cap (>$10bn) | 98.4% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.9 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.6% | 19.9% | 25.2% | 10.7% | 12.6% | 11.9% | -- | 13.1% |
| Dividend Yield | -7.9% | -11.6% | -3.7% | -3.1% | 2.3% | 0.6% | -- | 0.4% |
| Total Returns | -2.3% | 8.2% | 21.5% | 7.7% | 14.9% | 12.5% | -- | 13.5% | Ann. Volatility | 20.2% | 19.4% | 17.1% | 19.4% | 24.2% | 20.1% | -- | 19.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 77% |
| MSCI EAFE | 0.74 | 46% |
| MSCI Emg Mkts | 0.46 | 17% |
Liquidity Measures
| Avg. volume (000) | 1,022 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $72,191 |
Technical Indicators
| Recent close | $204.82 |
| 30d moving avg. | $199.16 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 4.2% |
| Short interest (underlying) | 2.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MTUM |
Expenses vs. MTUM |
ALTAR Score™ vs. MTUM |
|---|---|---|---|---|
| SPMO | Invesco S&P 500 Momentum ETF | 72.0% | -2 bp | +0.3% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 48.0% | +60 bp | -0.5% |
| PWB | Invesco Large Cap Growth ETF | 44.8% | +41 bp | -0.8% |
| FDMO | Fidelity Momentum Factor ETF | 43.3% | 0 bp | +0.3% |
| IVW | iShares S&P 500 Growth ETF | 40.3% | +3 bp | +0.6% |
| VOOG | Vanguard S&P 500 Growth ETF | 40.3% | -5 bp | +0.7% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 40.3% | -11 bp | +0.7% |
| MMTM | SPDR S&P 1500 Momentum Tilt ETF | 39.2% | -3 bp | +1.0% |
| IUSG | iShares Core S&P U.S. Growth ETF | 38.7% | -11 bp | +0.8% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 36.9% | -3 bp | +1.0% |
Risk and Returns: MTUM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MTUM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
MTUM
4.1%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. MTUM's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places MTUM in the 17th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MTUMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| MTUM (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MTUM | 15.0 | 2.4 | 17.4 |
| Peer Avg. | 36.6 | 15.2 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .