MTUM vs ONEQ: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (MTUM: 2026-04-30, ONEQ: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are MTUM and ONEQ?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022. They have 56 holdings in common, and by portfolio weight the two funds are 30.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 30.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 56MTUM holds 125 · ONEQ holds 1022
- Weight in Shared Holdings
- MTUM 53%·ONEQ 41%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in MTUM
69 of 125 positions (46.9% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | MTUM | ONEQ |
|---|---|---|
| Information Technology | 44.3% | 53.0% |
| Industrials | 15.6% | 3.1% |
| Communication Services | 7.4% | 15.2% |
| Consumer Discretionary | 3.6% | 12.5% |
| Financials | 10.3% | 2.8% |
| Other Sectors | 18.7% | 11.3% |
| Unclassified | 0.0% | 1.6% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of MTUM, 2% of ONEQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MTUM | -1.0% | +23.8% | +27.7% | +29.4% | +12.8% | +16.1% | 0.60% |
| ONEQ | +3.3% | +15.4% | +26.6% | +25.1% | +13.6% | +18.8% | 0.51% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in MTUM vs ONEQ →
Shared Holdings(56)
The top 10 shared positions account for 78% of the overlap, led by NVDA, AVGO and GOOGL.
 NVDANVIDIA Corp. COM | 4.64% | 11.18% | 4.64% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 5.40% | 4.61% | 4.61% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.94% | 4.83% | 2.94% |
 GOOGAlphabet Inc. CAP STK CL C | 2.39% | 4.46% | 2.39% |
 MUMicron Technology Inc. COM | 5.56% | 2.37% | 2.37% |
 WMTWalmart Inc COM | 2.75% | 2.01% | 2.01% |
 AMDAdvanced Micro Devices Inc. COM | 4.03% | 1.83% | 1.83% |
 INTCIntel Corporation COM | 3.83% | 1.24% | 1.24% |
 LRCXLam Research Corporation COM NEW | 3.61% | 0.86% | 0.86% |
 PLTRPalantir Technologies, Inc., Class A | 1.52% | 0.78% | 0.78% |
 AMATApplied Materials Inc. COM | 2.36% | 0.77% | 0.77% |
 KLACKLA Corp. COM NEW | 1.61% | 0.55% | 0.55% |
 ADIAnalog Devices Inc. COM | 1.02% | 0.44% | 0.44% |
 STXSeagate Technology Holdings PLC ORD SHS | 1.51% | 0.42% | 0.42% |
 APPAppLovin Corp., Class A | 0.87% | 0.41% | 0.41% |
 WDCWestern Digital Corp. COM | 1.54% | 0.39% | 0.39% |
 GILDGilead Sciences Inc. COM | 1.03% | 0.36% | 0.36% |
 MNSTMonster Beverage Corp COM | 0.35% | 0.18% | 0.18% |
 MPWRMonolithic Power Systems Inc. COM | 0.31% | 0.16% | 0.16% |
 ROSTRoss Stores Inc COM | 0.31% | 0.16% | 0.16% |
 HOODRobinhood Markets, Inc., Class A | 0.57% | 0.16% | 0.16% |
 ORLYO'Reilly Automotive Inc. COM | 0.40% | 0.16% | 0.16% |
 AEPAmerican Electric Power Co, Inc. COM | 0.17% | 0.15% | 0.15% |
 WBDWarner Bros. Discovery Inc. COM SER A | 0.44% | 0.14% | 0.14% |
 LITELumentum Holdings Inc. COM | 0.56% | 0.13% | 0.13% |
Frequently Asked Questions
How much do MTUM and ONEQ overlap?
MTUM and ONEQ overlap by 30.3% of portfolio weight. They share 56 holdings (MTUM holds 125 positions and ONEQ holds 1022), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and ONEQ?
The two portfolios are 30.3% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of MTUM and ONEQ?
The largest positions held by both funds are NVDA, AVGO, GOOGL, GOOG and MU. Together the top 10 shared positions account for 78% of the total overlap.
What does MTUM own that ONEQ doesn't?
69 positions (46.9% of MTUM) are unique to MTUM, led by JNJ, XOM and CAT. In the other direction, 966 positions (58.5% of ONEQ) are unique to ONEQ.