KBWB vs MTUM overlap - what they share and where they differ
KBWB and MTUM share 9.2% of their weight across 6 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
KBWB and MTUM
9.2%
6 shared positions
KBWB
Invesco KBW Bank ETF
Reported positions cover 100% of the fund, 24 positions · May 31, 2026
Top 10: 61.5%·Holdings of KBWB
MTUM
iShares MSCI USA Momentum Factor ETF
Reported positions cover 100% of the fund, 122 positions · Apr 30, 2026
Top 10: 42.8%·Holdings of MTUM
Reported positions cover KBWB 100%, MTUM 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
MTUM vs KBWB side by side
KBWBInvesco KBW Bank ETF
24
stock positions reported to the SEC
58.3% of its weight is in 18 names MTUM does not hold
MTUMiShares MSCI USA Momentum Factor ETF
122
stock positions reported to the SEC
90.7% of its weight is in 116 names KBWB does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Financial Services: KBWB has 83.8 points more of it.
The figures side by side
| KBWB | MTUM | |
|---|---|---|
| Filing date | May 31, 2026 | Apr 30, 2026 |
| Stock positions reported | 24 | 122 |
| Weight of the ten largest | 61.5% | 42.8% |
| Largest position | MS 9.4% | MU 5.6% |
| Held alone | 18 positions, 58.3% | 116 positions, 90.7% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In KBWB | In MTUM | Counted |
|---|---|---|---|
| JPMORGAN CHASE & CO. | 7.47% | 2.87% | 2.87% |
| GSGoldman Sachs Group, Inc. (The) | 8.94% | 1.69% | 1.69% |
| MSMorgan Stanley | 9.36% | 1.32% | 1.32% |
| WFCWells Fargo & Co. | 7.13% | 1.26% | 1.26% |
| CCitigroup Inc. | 4.28% | 1.13% | 1.13% |
| BNYBank of New York Mellon Corp. (The) | 4.39% | 0.88% | 0.88% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in KBWB
Only in MTUM
Questions people ask
Is KBWB the same as MTUM?
9.2% of their weight sits in the same 6 holdings. KBWB also reports BAC, STT, PNC, which the other does not. MTUM also reports MU, AVGO, GOOGL, which the other does not.
How is the overlap between KBWB and MTUM measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of KBWB and 100% of MTUM, so the number cannot exceed the smaller coverage.
Which holds more, MTUM or KBWB?
KBWB reports 24 stock positions and MTUM reports 122. 58.3% of KBWB's weight sits in names MTUM does not hold, and 90.7% of MTUM's weight in names KBWB does not hold. The ten largest positions are 61.5% of KBWB and 42.8% of MTUM.
How do KBWB and MTUM differ by sector?
The widest gap is Financial Services: KBWB has 83.8 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.