MTUM vs SPY
iShares MSCI USA Momentum Factor ETF vs State Street SPDR S&P 500 ETF 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.
State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. equities across growth and value styles. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 1.13%. Launched in 1993, the fund has a 33-year track record.
Quick Verdict
SPY has a slightly lower expense ratio (0.09% vs 0.15%), saving about $119 per $10,000 over 10 years. MTUM has edged ahead over the past year (20.5% vs 16.8%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
2 of top 9 holdings overlap (22% 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% |
SPY Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 7.58% |
| Apple Inc.AAPL | 6.66% |
| Microsoft CorporationMSFT | 4.91% |
| Amazon.com, Inc.AMZN | 3.64% |
| Broadcom Inc.AVGO | 2.62% |
| Alphabet Inc.GOOG | 2.40% |
| Meta Platforms, Inc.META | 2.24% |
| Tesla, Inc.TSLA | 1.87% |
| Berkshire Hathaway Inc.BRK.B | 1.57% |
Which One Should You Choose?
Choose SPY if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose MTUM if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose SPY if...
you prioritize dividend income and want higher regular distributions from your portfolio.