iShares MSCI USA Momentum Factor ETF (MTUM) is a momentum-factor ETF. As of October 28, 2026, ETF Copilot scores MTUM 6.8 out of 10 — highest on Growth (9.0), lowest on Risk (2.4). It trades at 25.7 times earnings, against its own median of 28.2. Its ten largest holdings are 36% of the fund.
What stands out in MTUM's data
Tracks U.S. stocks selected for price trends in a cap-weighted index.
Has delivered stronger returns than most momentum peers over the past three years — the strategy has been working.
An annualized 3-year return of 32% sits ahead of the 23% category median. Return on equity of 24.1% also tops the 18.1% norm, pairing momentum with profitable companies.
Functions as a focused U.S. momentum allocation for a portfolio already holding broad equities.
Why did MTUM move this week? It rose 1.3% in the week to October 28, 2026 — Palo Alto Networks and Micron Technology drove it
MTUM rose 1.3% in the week to October 28, 2026. The holdings that moved it most were Palo Alto Networks (+13.6%), Micron Technology (+7.6%) and Advanced Micro Devices (+4.7%); Valero Energy (−11.1%) pushed the other way.
How is MTUM rated? ETF Copilot scores iShares MSCI USA Momentum Factor ETF (MTUM) 6.8 out of 10
As of October 28, 2026, ETF Copilot scores iShares MSCI USA Momentum Factor ETF (MTUM) 6.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.8 / 10
- Growth: 9.0 / 10
- Value: 5.9 / 10
- Risk: 2.4 / 10
- Quality: 6.9 / 10
- Return: 8.2 / 10
Is MTUM expensive right now? It trades at 25.7 times earnings, against its own median of 28.2
As of October 28, 2026, MTUM is cheaper than 63% of its own last 9 years.
Trailing 12 months, built from MTUM's holdings. How we calculate this →
What's inside MTUM? 54% Tech
What's inside MTUM: Size (Large 97%, Mid 3%, Small 0%); Geography (International 3%, US 97%); Tech 53.5%; Magnificent 7 4.7%; AI 16.7%; Semiconductors 26.2%; Memory 20.2%.
What are MTUM's top holdings? The ten largest are 36% of the fund
Advanced Micro Devices, Micron Technology, Intel, Cisco Systems, Johnson & Johnson, Exxonmobil, Palo Alto Networks, Alphabet, Applied Material and Sandisk are MTUM's largest holdings, in that order.
More concentrated than 53% of Momentum ETFs.
Half of MTUM's weight sits in its 18 largest positions, and once those weights are taken into account it behaves like 48 equally weighted holdings.
What is MTUM's expense ratio? 0.15% a year
As of October 28, 2026, MTUM charges 0.15% a year, yields 0.61% and holds $18.7B in assets across 128 positions.
| Measure | MTUM |
|---|---|
| Expense ratio | 0.15% |
| Dividend yield | 0.61% |
| Assets under management | $18.7B |
| Holdings | 128 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “iShares MSCI USA Momentum Factor ETF (MTUM) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/mtum
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