MTUM vs PBUS: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
Invesco · 537 holdings · $11.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (MTUM: 2026-04-30, PBUS: 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 PBUS?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 125 holdings in common, and by portfolio weight the two funds are 35.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 35.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 125MTUM holds 125 · PBUS holds 537
- Weight in Shared Holdings
- MTUM 100%·PBUS 39%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
Every position in MTUM is also held by PBUS, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | MTUM | PBUS |
|---|---|---|
| Information Technology | 44.3% | 38.0% |
| Industrials | 15.6% | 8.5% |
| Financials | 10.3% | 11.1% |
| Communication Services | 7.4% | 10.7% |
| Consumer Discretionary | 3.6% | 9.7% |
| Other Sectors | 18.7% | 21.6% |
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.
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% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
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 PBUS →
Shared Holdings(125)
The top 10 shared positions account for 56% of the overlap, led by NVDA, AVGO and GOOGL.
 NVDANVIDIA Corp. COM | 4.64% | 7.77% | 4.64% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 5.40% | 3.05% | 3.05% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.94% | 3.35% | 2.94% |
 GOOGAlphabet Inc. CAP STK CL C | 2.39% | 2.77% | 2.39% |
 MUMicron Technology Inc. COM | 5.56% | 1.65% | 1.65% |
 AMDAdvanced Micro Devices Inc. COM | 4.03% | 1.27% | 1.27% |
 JPMJPMorgan Chase & Co. COM | 2.87% | 1.23% | 1.23% |
 XOMExxon Mobil Corp. COM | 3.43% | 0.93% | 0.93% |
 JNJJohnson & Johnson COM | 3.76% | 0.82% | 0.82% |
 INTCIntel Corporation COM | 3.83% | 0.78% | 0.78% |
 WMTWalmart Inc COM | 2.75% | 0.77% | 0.77% |
 CATCaterpillar Inc COM | 3.21% | 0.62% | 0.62% |
 LRCXLam Research Corporation COM NEW | 3.61% | 0.60% | 0.60% |
 PLTRPalantir Technologies, Inc., Class A | 1.52% | 0.54% | 0.54% |
 AMATApplied Materials Inc. COM | 2.36% | 0.54% | 0.54% |
 GEGeneral Electric Co. | 1.90% | 0.52% | 0.52% |
 GSGoldman Sachs Group, Inc. (The) | 1.69% | 0.47% | 0.47% |
 IBMInternational Business Machines Corp. COM | 1.20% | 0.42% | 0.42% |
 GEVGE Vernova Inc. COM | 2.53% | 0.40% | 0.40% |
 KLACKLA Corp. COM NEW | 1.61% | 0.38% | 0.38% |
 MSMorgan Stanley COM NEW | 1.32% | 0.37% | 0.37% |
 WFCWells Fargo & Co. COM | 1.26% | 0.37% | 0.37% |
 RTXRTX Corp. COM | 1.46% | 0.36% | 0.36% |
 CCitigroup Inc. COM NEW | 1.13% | 0.34% | 0.34% |
 ADIAnalog Devices Inc. COM | 1.02% | 0.31% | 0.31% |
Frequently Asked Questions
How much do MTUM and PBUS overlap?
MTUM and PBUS overlap by 35.4% of portfolio weight. They share 125 holdings (MTUM holds 125 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and PBUS?
The two portfolios are 35.4% 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 PBUS?
The largest positions held by both funds are NVDA, AVGO, GOOGL, GOOG and MU. Together the top 10 shared positions account for 56% of the total overlap.
What does MTUM own that PBUS doesn't?
Nothing. Every position in MTUM is also held by PBUS. In the other direction, 412 positions (60.3% of PBUS) are unique to PBUS.