What is the expense ratio of MTUM vs QQQ?

MTUM has an expense ratio of 0.15%, while QQQ has an expense ratio of 0.18%.

MTUM vs QQQ

iShares MSCI USA Momentum Factor ETF vs Invesco QQQ Trust

Last updated: 2026-04-02

iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that provides exposure to us factor - momentum securities. It charges a low expense ratio of 0.15%. The fund offers a modest dividend yield of 0.80%. Launched in 2013, the fund has a 13-year track record.

AUM: $20.0B ER: 0.15% Yield: 0.80% Since: Apr 16, 2013

QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.

AUM: $363.1B ER: 0.18% Yield: 0.48% Since: Mar 10, 1999

Quick Verdict

MTUM has a slightly lower expense ratio (0.15% vs 0.18%), saving about $59 per $10,000 over 10 years. QQQ has edged ahead over the past year (23.6% vs 20.5%).

Key Metrics

Metric	MTUM	QQQ
Expense Ratio	0.15%	0.18%
Dividend Yield	0.8%	0.5%
Fund Family	N/A	Invesco
Category	US Factor - Momentum	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

MTUM +48.0%

QQQ +76.5%

Performance Comparison

Period	MTUM	QQQ	Difference
1 Month	-3.33%	-3.91%	+0.58%
3 Months	-2.96%	-4.70%	+1.74%
6 Months	-3.55%	-3.13%	-0.42%
YTD	-2.96%	-4.70%	+1.74%
1 Year	+20.49%	+23.61%	-3.12%
3 Years	+72.91%	+82.51%	-9.60%
5 Years	+47.98%	+76.50%	-28.52%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	MTUM Fees	QQQ Fees	You Save
$10.000	10 years	$298	$357	$59
$10.000	20 years	$1.278	$1.529	$252
$10.000	30 years	$4.109	$4.912	$802
$50.000	10 years	$1.490	$1.786	$296
$50.000	30 years	$20.547	$24.558	$4.011
$100.000	30 years	$41.094	$49.116	$8.022

Risk Metrics

Based on 5 years of daily returns

Metric	MTUM	QQQ
Annualized Volatility	20.4%	22.4%
Max Drawdown	-32.8%	-35.6%
Sharpe Ratio	0.27	0.42

Dividend Comparison

Metric	MTUM	QQQ
Annual Dividend (per share)	$1.97	$2.81
Dividend Yield	0.80%	0.48%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

3 of top 9 holdings overlap (33% overlap in top holdings)

MTUM Top Holdings

Name	Weight
Johnson & JohnsonJNJ	4.73%
NVIDIA CorporationNVDA	4.69%
Broadcom Inc.AVGO	4.68%
Micron Technology, Inc.MU	4.62%
Exxon Mobil CorporationXOM	4.58%
Lam Research CorporationLRCX	3.56%
JPMorgan Chase & Co.JPM	3.12%
Walmart Inc.WMT	3.08%
Caterpillar Inc.CAT	3.01%
Advanced Micro Devices, Inc.AMD	2.76%

QQQ Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.55%
Apple Inc.AAPL	7.67%
Microsoft CorporationMSFT	5.56%
Amazon.com, Inc.AMZN	4.49%
Tesla, Inc.TSLA	3.79%
Walmart Inc.WMT	3.48%
Meta Platforms, Inc.META	3.26%
Alphabet Inc.GOOG	3.13%
Broadcom Inc.AVGO	2.99%

Which One Should You Choose?

Choose MTUM if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose QQQ if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose MTUM if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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