USMV vs MTUM: Holdings Overlap
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · as of 2026-04-30
How similar are USMV and MTUM?
iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170 positions; iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125. They have 47 holdings in common, and by portfolio weight the two funds are 21.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 21.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 47USMV holds 170 · MTUM holds 125
- Weight in Shared Holdings
- USMV 29%·MTUM 57%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 USMV
123 of 170 positions (70.5% of the fund) are not held by MTUM. Showing the top 30 by weight.
Sector Breakdown
| Sector | USMV | MTUM |
|---|---|---|
| Information Technology | 29.2% | 44.3% |
| Industrials | 6.9% | 15.6% |
| Financials | 13.7% | 10.3% |
| Health Care | 12.7% | 6.9% |
| Consumer Staples | 9.9% | 3.3% |
| Other Sectors | 27.3% | 19.5% |
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 |
|---|---|---|---|---|---|---|---|
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
| MTUM | -1.0% | +23.8% | +27.7% | +29.4% | +12.8% | +16.1% | 0.60% |
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 USMV vs MTUM →
Shared Holdings(47)
The top 10 shared positions account for 56% of the overlap, led by NVDA, XOM and APH.
 NVDANVIDIA Corp. COM | 1.63% | 4.64% | 1.63% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 1.60% | 3.43% | 1.60% |
 APHAmphenol Corporation CL A | 1.50% | 1.55% | 1.50% |
 JNJJohnson & Johnson COM | 1.43% | 3.76% | 1.43% |
 NEMNewmont Corporation COM | 1.18% | 1.17% | 1.17% |
 IBMInternational Business Machines Corp. COM | 1.11% | 1.20% | 1.11% |
 TJXThe TJX Companies Inc. COM | 1.15% | 0.90% | 0.90% |
 WMTWalmart Inc COM | 0.87% | 2.75% | 0.87% |
 GILDGilead Sciences Inc. COM | 0.82% | 1.03% | 0.82% |
 WELLWelltower Inc. COM | 0.79% | 1.04% | 0.79% |
 LMTLockheed Martin Corporation COM | 0.79% | 0.75% | 0.75% |
 GLWCorning Incorporated COM | 0.68% | 1.22% | 0.68% |
 MCKMckesson Corp. COM | 1.30% | 0.64% | 0.64% |
 AMDAdvanced Micro Devices Inc. COM | 0.53% | 4.03% | 0.53% |
 ANETArista Networks Inc COM SHS | 0.52% | 0.82% | 0.52% |
 AVGOBroadcom Inc COM | 0.50% | 5.40% | 0.50% |
 PLTRPalantir Technologies, Inc., Class A | 0.49% | 1.52% | 0.49% |
 GOOGAlphabet Inc. CAP STK CL C | 0.45% | 2.39% | 0.45% |
 ADIAnalog Devices Inc. COM | 0.43% | 1.02% | 0.43% |
 MUMicron Technology Inc. COM | 0.42% | 5.56% | 0.42% |
 ORLYO'Reilly Automotive Inc. COM | 0.83% | 0.40% | 0.40% |
 MNSTMonster Beverage Corp COM | 0.72% | 0.35% | 0.35% |
 NOCNorthrop Grumman Corporation COM | 0.85% | 0.33% | 0.33% |
 CIENCiena Corporation COM NEW | 0.33% | 0.65% | 0.33% |
 TELTE Connectivity PLC ORD SHS | 0.59% | 0.32% | 0.32% |
Frequently Asked Questions
How much do USMV and MTUM overlap?
USMV and MTUM overlap by 21.3% of portfolio weight. They share 47 holdings (USMV holds 170 positions and MTUM holds 125), based on each fund's latest SEC-reported holdings.
Is it redundant to own both USMV and MTUM?
The two portfolios are 21.3% 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 USMV and MTUM?
The largest positions held by both funds are NVDA, XOM, APH, JNJ and NEM. Together the top 10 shared positions account for 56% of the total overlap.
What does USMV own that MTUM doesn't?
123 positions (70.5% of USMV) are unique to USMV, led by CSCO, MSFT and DUK. In the other direction, 78 positions (43.3% of MTUM) are unique to MTUM.