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
139.4 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) | $139 |
| 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 | 10.3 % |
| APPLE INC | 7.9 % |
| AMAZON.COM INC | 5.0 % |
| META PLATFORMS INC | 3.9 % |
| BROADCOM INC. | 3.0 % |
| TESLA MOTORS INC | 2.7 % |
| MICROSOFT CORP | 2.6 % |
| ALPHABET INC. CLASS A | 2.2 % |
| JPMORGAN CHASE & CO | 2.0 % |
| ALPHABET INC. CLASS C | 1.8 % |
Constituent Breakdown
| Number of holdings | 1431 |
| Herfindahl-Hirschman Index | 288 |
| Wgt avg mkt cap (mns) | $1,073,620 |
| Large cap (>$10bn) | 95.0% |
| Mid cap ($2-10bn) | 4.1% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
IRELAND | 1.1 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -7.6% | 9.6% | 18.0% | 11.2% | 14.0% | 10.3% | -- | 11.8% |
| Dividend Yield | 0.0% | 0.7% | 1.0% | 1.3% | 1.3% | 1.6% | -- | 1.7% |
| Total Returns | -7.6% | 10.4% | 19.0% | 12.5% | 15.3% | 11.9% | -- | 13.5% | Ann. Volatility | 34.0% | 23.9% | 19.3% | 19.7% | 19.2% | 20.1% | -- | 19.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 94% |
| MSCI EAFE | 0.70 | 51% |
| MSCI Emg Mkts | 0.48 | 24% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $262,268 |
Technical Indicators
| Recent close | $240.42 |
| 30d moving avg. | $235.44 |
| Annualized volatility | 16.7% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 73.7% | -9 bp | +0.8% |
| SPXV | ProShares S&P 500 Ex-Health Care ETF | 73.2% | -3 bp | +0.3% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 73.1% | -3 bp | +0.4% |
| IVV | iShares Core S&P 500 ETF | 73.1% | -9 bp | +0.6% |
| SPY | SPDR S&P 500 ETF Trust | 73.0% | -3 bp | +0.5% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 73.0% | +8 bp | +0.3% |
| VOO | Vanguard S&P 500 ETF | 73.0% | -9 bp | +0.6% |
| SPLG | SPDR Portfolio S&P 500 ETF | 73.0% | -10 bp | +0.6% |
| IUSG | iShares Core S&P U.S. Growth ETF | 72.4% | -8 bp | -0.2% |
| IYY | iShares Dow Jones U.S. ETF | 72.2% | +8 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
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
5.0%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. MMTM's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places MMTM in the 28th 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. | 36.6 | 15.3 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .