MTUM Stock: iShares MSCI USA Momentum Factor ETF Profile & Analysis (2026)
A premier factor-based ETF targeting large- and mid-cap U.S. equities with the strongest risk-adjusted price trends. — Updated May 2026 with current AUM, expense ratio, holdings, and performance data.
The iShares MSCI USA Momentum Factor ETF (MTUM) is a strategic investment tool designed to capture the “momentum factor”—the empirical tendency for stocks that have performed well in the recent past to continue performing well in the near future. By tracking the MSCI USA Momentum SR Variant Index, MTUM focuses on stocks with high risk-adjusted price increases over 6- and 12-month periods. This strategy often leads to significant sector shifts; for example, the fund may rotate heavily into financials, similar to those found in the XLF Stock Profile, when that sector leads the market.
MTUM is widely regarded as a core “smart beta” holding for investors who want to outperform the broader S&P 500 without picking individual stocks. While it primarily holds technology and industrial giants, the fund’s semi-annual rebalancing ensures it stays aligned with the market’s current leaders. Some investors pair this aggressive equity strategy with defensive assets like the GLD Stock Profile to balance the inherent volatility of momentum-chasing during market reversals.
Key Takeaways — MTUM Stock
MTUM uses a rules-based methodology to identify stocks with the strongest 6-month and 12-month price momentum, adjusted for volatility.
The fund undergoes major reconstitutions twice a year, allowing it to exit “stale” leaders and enter new trending sectors or themes.
At 0.15%, MTUM offers a highly cost-effective way to access a sophisticated factor-investing strategy compared to active mutual funds.
The momentum factor has historically outperformed the broad market during long bull runs, though it remains susceptible to “momentum crashes.”
MTUM — Live Price Chart
Real-time chart from TradingView.
MTUM ETF Vitals & Key Statistics
Core data as of May 2026.
| Data Point | Value | Data Point | Value |
|---|---|---|---|
| Full Name | iShares MSCI USA Momentum Factor ETF | Ticker | MTUM |
| Issuer | BlackRock (iShares) | Asset Class | U.S. Equity Large Blend / Factor |
| Index Tracked | MSCI USA Momentum SR Variant Index | Structure | ETF |
| Expense Ratio | 0.15% | AUM | $19.35B |
| Inception Date | April 16, 2013 | Exchange | AMEX |
| No. of Holdings | ~130 | Dividend Yield | 0.28% |
| 52-Week High | $262.10 | 52-Week Low | $171.52 |
| Avg Daily Volume | 925K Shares | YTD Return | 21.00% |
| 1-Year Return | 32.18% | 5-Year Return | 16.00% |
| Category | Factor (Momentum) | Dividend Frequency | Quarterly |
MTUM Top 10 Holdings (May 2026)
Largest positions by weight. Click columns to sort.
| Rank | Ticker | Company Name | Sector | Weight % |
|---|---|---|---|---|
| 1 | MU | Micron Technology | Technology | 6.98% |
| 2 | AVGO | Broadcom Inc. | Technology | 5.27% |
| 3 | AMD | Advanced Micro Devices | Technology | 5.17% |
| 4 | INTC | Intel Corporation | Technology | 4.65% |
| 5 | CAT | Caterpillar Inc. | Industrials | 3.66% |
| 6 | NVDA | NVIDIA Corp | Technology | 3.50% |
| 7 | META | Meta Platforms | Communication Services | 3.20% |
| 8 | AMZN | Amazon.com Inc. | Consumer Cyclical | 3.00% |
| 9 | JPM | JPMorgan Chase & Co | Financial Services | 2.80% |
| 10 | XOM | Exxon Mobil Corp | Energy | 2.50% |
MTUM — Pros & Cons
✓ Proven Alpha Generation
The momentum factor is one of the most well-documented anomalies in finance, often leading to market outperformance during sustained trends.
✗ Rebalance Lag
Because the fund only rebalances semi-annually, it may hold onto “crashing” stocks for several months before the next scheduled reconstitution.
✓ Institutional Grade Management
Managed by BlackRock, the fund offers high liquidity and tight spreads, making it easy for large investors to enter and exit.
✗ Sector Concentration
The fund can become heavily overweight in a single sector, such as Technology (~39%), increasing its vulnerability to industry-specific shocks.
✓ Rules-Based Discipline
The fund removes human emotion from the equation, strictly following a quantitative model to buy high and sell higher.
✗ Low Dividend Income
The strategy prioritizes price appreciation over yield, resulting in a very low dividend yield that is unsuitable for income-focused investors.
Who Should Consider MTUM?
Aggressive growth investors who believe in “trend following” and want to systematic exposure to the market’s strongest performers.
Value investors or those seeking capital preservation, as MTUM often trades at high P/E ratios and has higher volatility.
You are looking to complement a core portfolio with a factor that excels in bull markets and during low-interest-rate environments.
Tax-advantaged accounts like IRAs or 401(k)s are best, as the fund’s higher turnover can occasionally lead to capital gains distributions.
MTUM vs Similar ETFs
Key metrics comparison.
| ETF | Full Name | Expense Ratio | AUM | Holdings | Div Yield | YTD | Best For |
|---|---|---|---|---|---|---|---|
| MTUM ★ | iShares MSCI USA Momentum Factor ETF | 0.15% | $19.35B | 130 | 0.28% | 21.00% | Balanced Momentum |
| SPMO | Invesco S&P 500 Momentum ETF | 0.13% | $1.5B | 100 | 0.65% | 19.50% | Pure S&P 500 Exposure |
| QMOM | Alpha Architect Quantitative Momentum ETF | 0.29% | $500M | 50 | 0.15% | 23.10% | Concentrated Alpha |
| PDP | Invesco DWA Momentum ETF | 0.62% | $1.2B | 100 | 0.45% | 15.80% | Technical Analysis |
MTUM Technical Analysis
Real-time buy/sell signals.
MTUM — Risks & Considerations
Momentum Crashes
The most significant risk for MTUM is a sharp market reversal where previous “winners” become the biggest “losers” overnight.
High Turnover
While rules-based, the frequent rebalancing can lead to higher transaction costs and potential tax inefficiencies compared to total market funds.
Sector Crowding
Because the fund follows popular trends, it can end up in “crowded” trades that are susceptible to rapid deleveraging by institutional players.
Style Drift
During periods of market indecision, the fund may rotate into sectors that traditionally lack growth, such as utilities or consumer staples, dampening returns.