MTUM vs QQQ: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (MTUM: 2026-04-30, QQQ: 2026-03-31). 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 QQQ?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 27 holdings in common, and by portfolio weight the two funds are 32.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 32.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 27MTUM holds 125 · QQQ holds 101
- Weight in Shared Holdings
- MTUM 49%·QQQ 40%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
98 of 125 positions (50.6% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | MTUM | QQQ |
|---|---|---|
| Information Technology | 44.3% | 49.7% |
| Communication Services | 7.4% | 16.0% |
| Industrials | 15.6% | 4.2% |
| Consumer Discretionary | 3.6% | 12.6% |
| Financials | 10.3% | 0.2% |
| Other Sectors | 18.7% | 17.2% |
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% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
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 QQQ →
Shared Holdings(27)
The top 10 shared positions account for 74% of the overlap, led by NVDA, AVGO and GOOGL.
 NVDANVIDIA Corp. COM | 4.64% | 8.68% | 4.64% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 5.40% | 3.01% | 3.01% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.94% | 3.43% | 2.94% |
 WMTWalmart Inc COM | 2.75% | 3.43% | 2.75% |
 GOOGAlphabet Inc. CAP STK CL C | 2.39% | 3.20% | 2.39% |
 MUMicron Technology Inc. COM | 5.56% | 2.15% | 2.15% |
 AMDAdvanced Micro Devices Inc. COM | 4.03% | 1.88% | 1.88% |
 AMATApplied Materials Inc. COM | 2.36% | 1.53% | 1.53% |
 PLTRPalantir Technologies, Inc., Class A | 1.52% | 1.90% | 1.52% |
 LRCXLam Research Corporation COM NEW | 3.61% | 1.51% | 1.51% |
 INTCIntel Corporation COM | 3.83% | 1.25% | 1.25% |
 KLACKLA Corp. COM NEW | 1.61% | 1.09% | 1.09% |
 GILDGilead Sciences Inc. COM | 1.03% | 0.98% | 0.98% |
 ADIAnalog Devices Inc. COM | 1.02% | 0.88% | 0.88% |
 APPAppLovin Corp., Class A | 0.87% | 0.69% | 0.69% |
 WDCWestern Digital Corp. COM | 1.54% | 0.52% | 0.52% |
 STXSeagate Technology Holdings PLC ORD SHS | 1.51% | 0.48% | 0.48% |
 ORLYO'Reilly Automotive Inc. COM | 0.40% | 0.44% | 0.40% |
 WBDWarner Bros. Discovery Inc. COM SER A | 0.44% | 0.39% | 0.39% |
 MNSTMonster Beverage Corp COM | 0.35% | 0.40% | 0.35% |
 ROSTRoss Stores Inc COM | 0.31% | 0.40% | 0.31% |
 MPWRMonolithic Power Systems Inc. COM | 0.31% | 0.30% | 0.30% |
 EAElectronic Arts Inc. COM | 0.25% | 0.29% | 0.25% |
 TTWOTake-Two Interactive Software Inc. COM | 0.18% | 0.21% | 0.18% |
 AEPAmerican Electric Power Co, Inc. COM | 0.17% | 0.40% | 0.17% |
Frequently Asked Questions
How much do MTUM and QQQ overlap?
MTUM and QQQ overlap by 32.8% of portfolio weight. They share 27 holdings (MTUM holds 125 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and QQQ?
The two portfolios are 32.8% 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 QQQ?
The largest positions held by both funds are NVDA, AVGO, GOOGL, WMT and GOOG. Together the top 10 shared positions account for 74% of the total overlap.
What does MTUM own that QQQ doesn't?
98 positions (50.6% of MTUM) are unique to MTUM, led by JNJ, XOM and CAT. In the other direction, 74 positions (60.0% of QQQ) are unique to QQQ.