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.
Fund Basics
Fund sponsor | iShares/USA |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Apr 16, 2013 |
Assets (mns) | $7,953 |
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 +
NVIDIA CORP | 7.0 % |
META PLATFORMS INC | 6.2 % |
MICROSOFT CORP | 5.3 % |
ELI LILLY & CO | 4.9 % |
BROADCOM INC. | 4.7 % |
EXXON MOBIL CORP | 3.9 % |
MERCK & CO. INC. | 3.0 % |
NETFLIX INC | 2.5 % |
GENERAL ELECTRIC COMPANY | 2.5 % |
LINDE PLC | 2.3 % |
Constituent Breakdown
Number of holdings | 124 |
Herfindahl-Hirschman Index | 263 |
Wgt avg mkt cap (mns) | $383,611 |
Large cap (>$10bn) | 99.1% |
Mid cap ($2-10bn) | 0.9% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.4% |
Emerging mkts. | 0.6% |
Country Exposure
UNITED STATES | 95.1 % | |
BRITAIN | 2.4 % | |
BERMUDA | 0.7 % | |
ARGENTINA | 0.7 % | |
IRELAND | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
4.5% | 0.4% | -7.8% | 0.1% | 8.1% | 11.3% | 12.0% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.88 | 73% |
MSCI EAFE | 0.77 | 52% |
MSCI Emg Mkts | 0.47 | 22% |
Liquidity Measures
Avg. volume (000) | 402 |
Turnover | 0.8% |
Avg. Bid/Ask (% of price) | 0.03% |
ADV of underlying (mns) | $53,946 |
Technical Indicators
Recent close | $147.41 |
30d moving avg. | $139.75 |
Annualized volatility | 18.1% |
Relative strength (RSI) | 55 |
Short interest (ETF) | 0.5% |
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 | 59.3% | -2 bp | -0.3% |
FDMO | Fidelity Momentum Factor ETF | 43.5% | +14 bp | -0.8% |
PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 41.6% | +45 bp | -0.2% |
FLQL | Franklin LibertyQ U.S. Equity ETF | 39.4% | 0 bp | +1.8% |
CACG | ClearBridge All Cap Growth ETF | 38.1% | +39 bp | -1.3% |
DGRW | WisdomTree U.S. Quality Dividend Growth Fund | 37.7% | +13 bp | +1.1% |
JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 37.6% | 0 bp | +0.2% |
SPHQ | Invesco S&P 500 Quality ETF | 35.5% | 0 bp | +0.9% |
PWB | Invesco Dynamic Large Cap Growth ETF | 35.4% | +41 bp | -1.6% |
SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 35.3% | +34 bp | 0.0% |
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
2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
---|---|---|---|---|---|---|---|---|
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
2022 | 2023E | Fwd Est | 2024E | |
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 12/6/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
MTUM
4.9%
Cat. Avg
6.1%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 4.9% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. MTUM's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places MTUM in the 34th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
MTUM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
MTUM | 15.0 | 2.5 | 17.5 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .