MTUM vs USMC: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
USMCPrincipal U.S. Mega-Cap ETF
Principal · 26 holdings · $3.6B · as of 2026-03-31
Holdings snapshots are 30 days apart (MTUM: 2026-04-30, USMC: 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 USMC?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; Principal U.S. Mega-Cap ETF (USMC, by Principal) holds 26. They have 10 holdings in common, and by portfolio weight the two funds are 31.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10MTUM holds 125 · USMC holds 26
- Weight in Shared Holdings
- MTUM 36%·USMC 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
115 of 125 positions (63.4% of the fund) are not held by USMC. Showing the top 30 by weight.
Sector Breakdown
| Sector | MTUM | USMC |
|---|---|---|
| Information Technology | 44.3% | 26.6% |
| Financials | 10.3% | 20.4% |
| Industrials | 15.6% | 5.4% |
| Communication Services | 7.4% | 14.1% |
| Consumer Staples | 3.3% | 10.2% |
| Other Sectors | 19.0% | 23.0% |
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% |
| USMC | +2.9% | +11.9% | +21.9% | +20.8% | +14.5% | — | 0.74% |
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 USMC →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by NVDA, AVGO and JNJ.
 NVDANVIDIA Corp. COM | 4.64% | 7.57% | 4.64% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 5.40% | 4.50% | 4.50% |
 JNJJohnson & Johnson COM | 3.76% | 3.54% | 3.54% |
 MUMicron Technology Inc. COM | 5.56% | 2.95% | 2.95% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.94% | 5.37% | 2.94% |
 JPMJPMorgan Chase & Co. COM | 2.87% | 4.56% | 2.87% |
 XOMExxon Mobil Corp. COM | 3.43% | 2.84% | 2.84% |
 WMTWalmart Inc COM | 2.75% | 2.48% | 2.48% |
 CATCaterpillar Inc COM | 3.21% | 2.43% | 2.43% |
 GEGeneral Electric Co. | 1.90% | 2.99% | 1.90% |
Frequently Asked Questions
How much do MTUM and USMC overlap?
MTUM and USMC overlap by 31.1% of portfolio weight. They share 10 holdings (MTUM holds 125 positions and USMC holds 26), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and USMC?
The two portfolios are 31.1% 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 USMC?
The largest positions held by both funds are NVDA, AVGO, JNJ, MU and GOOGL. Together the top 10 shared positions account for 100% of the total overlap.
What does MTUM own that USMC doesn't?
115 positions (63.4% of MTUM) are unique to MTUM, led by AMD, INTC and LRCX. In the other direction, 16 positions (60.5% of USMC) are unique to USMC.