MTUM vs SPMO: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
SPMOInvesco S&P 500 Momentum ETF
Invesco · 99 holdings · $21.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (MTUM: 2026-04-30, SPMO: 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 SPMO?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; Invesco S&P 500 Momentum ETF (SPMO, by Invesco) holds 99. They have 73 holdings in common, and by portfolio weight the two funds are 72.1% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 72.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 73MTUM holds 125 · SPMO holds 99
- Weight in Shared Holdings
- MTUM 82%·SPMO 89%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
52 of 125 positions (18.2% of the fund) are not held by SPMO. Showing the top 30 by weight.
Sector Breakdown
| Sector | MTUM | SPMO |
|---|---|---|
| Information Technology | 44.3% | 54.9% |
| Industrials | 15.6% | 12.4% |
| Financials | 10.3% | 5.7% |
| Communication Services | 7.4% | 8.8% |
| Health Care | 6.9% | 6.2% |
| Other Sectors | 15.4% | 12.1% |
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% |
| SPMO | +0.2% | +26.0% | +29.7% | +39.1% | +20.9% | +20.0% | 0.70% |
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 SPMO →
Shared Holdings(73)
The top 10 shared positions account for 53% of the overlap, led by MU, AVGO and NVDA.
 MUMicron Technology Inc. COM | 5.56% | 10.73% | 5.56% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 5.40% | 7.58% | 5.40% |
 NVDANVIDIA Corp. COM | 4.64% | 8.46% | 4.64% |
 AMDAdvanced Micro Devices Inc. COM | 4.03% | 4.14% | 4.03% |
 JNJJohnson & Johnson COM | 3.76% | 3.85% | 3.76% |
 LRCXLam Research Corporation COM NEW | 3.61% | 3.54% | 3.54% |
 INTCIntel Corporation COM | 3.83% | 2.95% | 2.95% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.94% | 4.81% | 2.94% |
 XOMExxon Mobil Corp. COM | 3.43% | 2.78% | 2.78% |
 CATCaterpillar Inc COM | 3.21% | 2.60% | 2.60% |
 GOOGAlphabet Inc. CAP STK CL C | 2.39% | 3.82% | 2.39% |
 AMATApplied Materials Inc. COM | 2.36% | 1.77% | 1.77% |
 GEGeneral Electric Co. | 1.90% | 1.64% | 1.64% |
 WDCWestern Digital Corp. COM | 1.54% | 1.77% | 1.54% |
 STXSeagate Technology Holdings PLC ORD SHS | 1.51% | 1.88% | 1.51% |
 GSGoldman Sachs Group, Inc. (The) | 1.69% | 1.43% | 1.43% |
 RTXRTX Corp. COM | 1.46% | 1.40% | 1.40% |
 KLACKLA Corp. COM NEW | 1.61% | 1.39% | 1.39% |
 PLTRPalantir Technologies, Inc., Class A | 1.52% | 1.39% | 1.39% |
 GEVGE Vernova Inc. COM | 2.53% | 1.33% | 1.33% |
 APHAmphenol Corporation CL A | 1.55% | 1.30% | 1.30% |
 NEMNewmont Corporation COM | 1.17% | 1.10% | 1.10% |
 CCitigroup Inc. COM NEW | 1.13% | 0.97% | 0.97% |
 MSMorgan Stanley COM NEW | 1.32% | 0.96% | 0.96% |
 GLWCorning Incorporated COM | 1.22% | 0.95% | 0.95% |
Frequently Asked Questions
How much do MTUM and SPMO overlap?
MTUM and SPMO overlap by 72.1% of portfolio weight. They share 73 holdings (MTUM holds 125 positions and SPMO holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and SPMO?
The two portfolios are 72.1% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of MTUM and SPMO?
The largest positions held by both funds are MU, AVGO, NVDA, AMD and JNJ. Together the top 10 shared positions account for 53% of the total overlap.
What does MTUM own that SPMO doesn't?
52 positions (18.2% of MTUM) are unique to MTUM, led by JPM, WMT and WFC. In the other direction, 26 positions (11.2% of SPMO) are unique to SPMO.