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: 2026-04-10

MTUM iShares

iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund issued by iShares 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 0.74%. Launched in 2013, the fund has a 13-year track record.

AUM: $21.9B ER: 0.15% Yield: 0.74% 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 0.46%. Launched in 1999, the fund has a 27-year track record.

AUM: $389.6B ER: 0.18% Yield: 0.46% 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. Both funds have delivered similar 1-year returns (36.7% vs 37.0%), tracking closely.

Key Metrics

Metric	MTUM	QQQ
Expense Ratio	0.15%	0.18%
Dividend Yield	0.7%	0.5%
Fund Family	iShares	Invesco
Category	US Factor - Momentum	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

MTUM +54.3%

QQQ +81.6%

Performance Comparison

Period	MTUM	QQQ	Difference
1 Month	+6.18%	+0.58%	+5.60%
3 Months	+2.02%	-2.54%	+4.56%
6 Months	+3.70%	+1.53%	+2.17%
YTD	+4.53%	-0.31%	+4.84%
1 Year	+36.69%	+36.99%	-0.30%
3 Years	+84.50%	+93.53%	-9.03%
5 Years	+54.34%	+81.55%	-27.21%

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	20.5%	22.4%
Max Drawdown	-32.8%	-35.6%
Sharpe Ratio	0.31	0.45

Dividend Comparison

Metric	MTUM	QQQ
Annual Dividend (per share)	$1.97	$2.81
Dividend Yield	0.74%	0.46%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

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

MTUM Top Holdings

Name	Weight
Broadcom Inc.AVGO	4.96%
Micron Technology, Inc.MU	4.78%
NVIDIA CorporationNVDA	4.63%
Johnson & JohnsonJNJ	4.31%
Exxon Mobil CorporationXOM	3.80%
Lam Research CorporationLRCX	3.78%
JPMorgan Chase & Co.JPM	3.08%
Caterpillar Inc.CAT	3.04%
Walmart Inc.WMT	2.90%
Advanced Micro Devices, Inc.AMD	2.88%

QQQ Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.69%
Apple Inc.AAPL	7.47%
Microsoft CorporationMSFT	5.55%
Amazon.com, Inc.AMZN	4.61%
Tesla, Inc.TSLA	3.47%
Meta Platforms, Inc.META	3.41%
Alphabet Inc.GOOG	3.32%
Walmart Inc.WMT	3.32%
Broadcom Inc.AVGO	3.18%

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.

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