MTUM vs SMH: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
VanEck · 25 holdings · $71.5B · as of 2026-03-31
Holdings snapshots are 30 days apart (MTUM: 2026-04-30, SMH: 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 SMH?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 12 holdings in common, and by portfolio weight the two funds are 31.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12MTUM holds 125 · SMH holds 25
- Weight in Shared Holdings
- MTUM 33%·SMH 62%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
113 of 125 positions (67.0% of the fund) are not held by SMH. Showing the top 30 by weight.
Sector Breakdown
| Sector | MTUM | SMH |
|---|---|---|
| Information Technology | 44.3% | 99.9% |
| Industrials | 15.6% | 0.0% |
| Financials | 10.3% | 0.0% |
| Communication Services | 7.4% | 0.0% |
| Health Care | 6.9% | 0.0% |
| Other Sectors | 15.4% | 0.0% |
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% |
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
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 SMH →
Shared Holdings(12)
The top 10 shared positions account for 99% of the overlap, led by AVGO, NVDA and MU.
 AVGOBroadcom Inc COM | 5.40% | 7.79% | 5.40% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 4.64% | 19.64% | 4.64% |
 MUMicron Technology Inc. COM | 5.56% | 4.23% | 4.23% |
 AMDAdvanced Micro Devices Inc. COM | 4.03% | 4.68% | 4.03% |
 INTCIntel Corporation COM | 3.83% | 4.34% | 3.83% |
 LRCXLam Research Corporation COM NEW | 3.61% | 4.60% | 3.61% |
 AMATApplied Materials Inc. COM | 2.36% | 4.59% | 2.36% |
 KLACKLA Corp. COM NEW | 1.61% | 4.74% | 1.61% |
 ADIAnalog Devices Inc. COM | 1.02% | 4.70% | 1.02% |
 TERTeradyne Inc. COM | 0.39% | 1.41% | 0.39% |
 MPWRMonolithic Power Systems Inc. COM | 0.31% | 1.23% | 0.31% |
 ALABAstera Labs Inc COM | 0.07% | 0.44% | 0.07% |
Frequently Asked Questions
How much do MTUM and SMH overlap?
MTUM and SMH overlap by 31.5% of portfolio weight. They share 12 holdings (MTUM holds 125 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and SMH?
The two portfolios are 31.5% 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 SMH?
The largest positions held by both funds are AVGO, NVDA, MU, AMD and INTC. Together the top 10 shared positions account for 99% of the total overlap.
What does MTUM own that SMH doesn't?
113 positions (67.0% of MTUM) are unique to MTUM, led by JNJ, XOM and CAT. In the other direction, 13 positions (37.5% of SMH) are unique to SMH.