MTUM
iShares MSCI USA Momentum Factor ETF
The iShares MSCI USA Momentum Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
13.7 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares/USA |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 16, 2013 |
| Assets (mns) | $13,722 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JPMORGAN CHASE & CO | 5.4 % |
| NVIDIA CORP | 5.2 % |
| WAL-MART STORES INC | 5.1 % |
| BROADCOM INC. | 4.6 % |
| COSTCO WHOLESALE CORP | 3.8 % |
| ELI LILLY & CO | 3.7 % |
| GE AEROSPACE | 2.9 % |
| PHILIP MORRIS INTERNATIONAL | 2.9 % |
| COCA-COLA CO/THE | 2.7 % |
| RTX CORP | 2.2 % |
Constituent Breakdown
| Number of holdings | 124 |
| Herfindahl-Hirschman Index | 219 |
| Wgt avg mkt cap (mns) | $252,509 |
| Large cap (>$10bn) | 98.7% |
| Mid cap ($2-10bn) | 0.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.9 % |
 |
SWITZERLAND | 1.3 % |
 |
IRELAND | 1.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 29.5% | 48.2% | 18.7% | 3.5% | 12.4% | 13.2% | 14.0% | Volatility | 19.6% | 18.6% | 16.5% | 20.0% | 23.9% | 20.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 74% |
| MSCI EAFE | 0.75 | 49% |
| MSCI Emg Mkts | 0.49 | 20% |
Liquidity Measures
| Avg. volume (000) | 1,230 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $93,279 |
Technical Indicators
| Recent close | $214.91 |
| 30d moving avg. | $205.03 |
| Annualized volatility | 18.9% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 3.0% |
| Short interest (underlying) | 2.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MTUM |
Expenses vs. MTUM |
ALTAR Score™ vs. MTUM |
|---|---|---|---|---|
| SPMO | Invesco S&P 500 Momentum ETF | 55.7% | -2 bp | -0.2% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 36.0% | +44 bp | -1.7% |
| AFLG | First Trust Active Factor Large Cap ETF | 30.3% | +40 bp | +1.7% |
| MMTM | SPDR S&P 1500 Momentum Tilt ETF | 30.2% | -3 bp | +0.5% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 30.2% | +14 bp | +0.3% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 29.7% | 0 bp | +1.8% |
| FDMO | Fidelity Momentum Factor ETF | 29.4% | 0 bp | -0.1% |
| FCTR | First Trust Lunt U.S. Factor Rotation ETF | 28.6% | +50 bp | -1.4% |
| GQQQ | Astoria US Quality Growth Kings ETF | 28.3% | +20 bp | +2.3% |
| INRO | iShares U.S. Industry Rotation Active ETF | 28.0% | +27 bp | +0.4% |
Risk and Returns: MTUM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MTUM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
MTUM
4.0%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 975 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. MTUM's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places MTUM in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MTUMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| MTUM (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MTUM | 15.0 | 2.4 | 17.4 |
| Peer Avg. | 35.8 | 15.0 | 50.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .