MTUM vs SPLV: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (MTUM: 2026-04-30, SPLV: 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 SPLV?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100. They have 21 holdings in common, and by portfolio weight the two funds are 8.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21MTUM holds 125 · SPLV holds 100
- Weight in Shared Holdings
- MTUM 15%·SPLV 22%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
104 of 125 positions (85.1% of the fund) are not held by SPLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | MTUM | SPLV |
|---|---|---|
| Information Technology | 44.3% | 0.8% |
| Utilities | 1.6% | 25.0% |
| Financials | 10.3% | 21.0% |
| Real Estate | 1.8% | 17.7% |
| Industrials | 15.6% | 12.2% |
| Other Sectors | 26.3% | 22.9% |
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% |
| SPLV | -0.7% | +8.1% | +6.1% | +9.1% | +6.0% | +8.3% | 2.12% |
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 SPLV →
Shared Holdings(21)
The top 10 shared positions account for 89% of the overlap, led by JNJ, TJX and WELL.
 JNJJohnson & Johnson COM | 3.76% | 1.15% | 1.15% |
|---|---|---|---|
 TJXThe TJX Companies Inc. COM | 0.90% | 1.13% | 0.90% |
 WELLWelltower Inc. COM | 1.04% | 0.89% | 0.89% |
 BNYThe Bank of New York Mellon Corp. COM | 0.88% | 1.03% | 0.88% |
 JPMJPMorgan Chase & Co. COM | 2.87% | 0.87% | 0.87% |
 WMTWalmart Inc COM | 2.75% | 0.78% | 0.78% |
 ETREntergy Corporation COM | 0.58% | 0.97% | 0.58% |
 ORLYO'Reilly Automotive Inc. COM | 0.40% | 0.80% | 0.40% |
 MNSTMonster Beverage Corp COM | 0.35% | 0.98% | 0.35% |
 VTRVentas Inc. COM | 0.33% | 0.99% | 0.33% |
 AEPAmerican Electric Power Co, Inc. COM | 0.17% | 1.05% | 0.17% |
 NINiSource Inc. COM | 0.15% | 1.03% | 0.15% |
 LNTAlliant Energy Corporation COM | 0.10% | 1.23% | 0.10% |
 CBOECboe Global Markets Inc COM | 0.06% | 0.86% | 0.06% |
 CNPCenterpoint Energy Inc COM | 0.06% | 1.23% | 0.06% |
 AEEAmeren Corp. COM | 0.05% | 1.24% | 0.05% |
 ATOAtmos Energy Corp. COM | 0.05% | 1.14% | 0.05% |
 EVRGEvergy Inc COM | 0.05% | 1.22% | 0.05% |
 WECWEC Energy Group Inc. COM | 0.05% | 1.24% | 0.05% |
 HIGThe Hartford Insurance Group Inc. COM | 0.05% | 0.99% | 0.05% |
 WRBW.R. Berkley Corporation COM | 0.04% | 0.90% | 0.04% |
Frequently Asked Questions
How much do MTUM and SPLV overlap?
MTUM and SPLV overlap by 8.0% of portfolio weight. They share 21 holdings (MTUM holds 125 positions and SPLV holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and SPLV?
The two portfolios are 8.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of MTUM and SPLV?
The largest positions held by both funds are JNJ, TJX, WELL, BNY and JPM. Together the top 10 shared positions account for 89% of the total overlap.
What does MTUM own that SPLV doesn't?
104 positions (85.1% of MTUM) are unique to MTUM, led by MU, AVGO and NVDA. In the other direction, 79 positions (78.0% of SPLV) are unique to SPLV.