MMTM
SPDR S&P 1500 Momentum Tilt ETF
The SPDR S&P 1500 Momentum Tilt ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that before fees and expenses, correspond generally to the price and yield performance of the S&P 1500 Positive Momentum Tilt Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
136.6 M
ASSETS UNDER MGMT
12 bp
EXPENSES
Fund Basics
Fund sponsor | SSgA Funds Management Inc |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Oct 24, 2012 |
Assets (mns) | $137 |
Expense ratio | 12 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Momentum |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
NVIDIA CORP | 11.4 % |
APPLE INC | 6.4 % |
AMAZON.COM INC | 4.3 % |
META PLATFORMS INC | 4.2 % |
BROADCOM INC. | 3.4 % |
MICROSOFT CORP | 3.2 % |
JPMORGAN CHASE & CO | 1.8 % |
ELI LILLY & CO | 1.7 % |
ALPHABET INC. CLASS A | 1.7 % |
TESLA MOTORS INC | 1.4 % |
Constituent Breakdown
Number of holdings | 1435 |
Herfindahl-Hirschman Index | 256 |
Wgt avg mkt cap (mns) | $737,777 |
Large cap (>$10bn) | 94.6% |
Mid cap ($2-10bn) | 4.6% |
Small cap (<$2bn) | 0.3% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.5 % | |
IRELAND | 1.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 33.1% | 39.3% | 24.8% | 12.5% | 16.2% | 13.5% | 14.9% | Volatility | 16.3% | 15.7% | 15.1% | 17.9% | 21.1% | 19.3% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.97 | 95% |
MSCI EAFE | 0.79 | 62% |
MSCI Emg Mkts | 0.55 | 29% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.8% |
Avg. Bid/Ask (% of price) | 0.22% |
ADV of underlying (mns) | $297,859 |
Technical Indicators
Recent close | $262.62 |
30d moving avg. | $266.68 |
Annualized volatility | 17.5% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.3% |
Short interest (underlying) | 1.8% |
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. MMTM |
Expenses vs. MMTM |
ALTAR Score™ vs. MMTM |
---|---|---|---|---|
SPTM | SPDR Portfolio S&P 1500 Composite Stock Market ETF | 74.4% | -9 bp | +0.6% |
SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 73.4% | +8 bp | +0.2% |
VOO | Vanguard S&P 500 ETF | 73.1% | -9 bp | +0.5% |
IVV | iShares Core S&P 500 ETF | 73.1% | -9 bp | +0.5% |
SPLG | SPDR Portfolio S&P 500 ETF | 73.0% | -10 bp | +0.5% |
SPY | SPDR S&P 500 ETF Trust | 72.9% | -3 bp | +0.4% |
SFY | SoFi Select 500 ETF | 72.5% | -12 bp | 0.0% |
IYY | iShares Dow Jones U.S. ETF | 72.2% | +8 bp | +0.2% |
VONE | Vanguard Russell 1000 ETF | 72.1% | -4 bp | +0.4% |
ILCB | iShares Morningstar U.S. Equity ETF | 72.1% | -9 bp | +0.4% |
Risk and Returns: MMTM 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 12/20/2024
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
MMTM
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™
MMTM
4.6%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. MMTM's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places MMTM in the 35th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MMTMSELL
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 |
MMTM (12 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
MMTM | 12.0 | 21.9 | 33.9 |
Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .