QMOM
Alpha Architect U.S. Quantitative Momentum ETF
The MomentumShares U.S. Quantitative Momentum ETF is an actively managed fund that uses a systematic process focused on momentum to select and weight US stocks.
US
EQUITY
Active
MANAGEMENT STYLE
39 bp
EXPENSES
$225.8 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 01, 2015 |
| Assets (mns) | $226 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EVERCORE PARTNERS INC-CL A | 2.5 % |
| CARPENTER TECHNOLOGY | 2.3 % |
| TIDEWATER INC | 2.2 % |
| ALPHA METALLURGICAL RESOURCES, INC. | 2.2 % |
| TECHNIPFMC PLC | 2.2 % |
| ARES MANAGEMENT LP | 2.2 % |
| KKR & CO LP | 2.2 % |
| WEATHERFORD INTERNATIONAL PL | 2.2 % |
| BLUE OWL CAPITAL INC CLASS A | 2.2 % |
| FAIR ISAAC CORP | 2.1 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 199 |
| Wgt avg mkt cap (mns) | $51,726 |
| Large cap (>$10bn) | 73.8% |
| Mid cap ($2-10bn) | 26.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 85.4 % |
 |
SWITZERLAND | 4.3 % |
 |
BRITAIN | 4.2 % |
 |
IRELAND | 4.0 % |
 |
LUXEMBOURG | 1.8 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.8% | 22.2% | 16.5% | 4.0% | 13.0% | -- | 10.9% | Volatility | 20.8% | 19.4% | 22.3% | 23.7% | 30.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 68% |
| MSCI EAFE | 0.89 | 48% |
| MSCI Emg Mkts | 0.55 | 19% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $36,747 |
Technical Indicators
| Recent close | $57.75 |
| 30d moving avg. | $58.88 |
| Annualized volatility | 22.2% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 1.0% |
| Short interest (underlying) | 8.4% |
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. QMOM |
Expenses vs. QMOM |
ALTAR Score™ vs. QMOM |
|---|---|---|---|---|
| PDP | Invesco Dorsey Wright Momentum ETF | 21.2% | +23 bp | -0.3% |
| XMMO | Invesco S&P MidCap Momentum ETF | 19.0% | -5 bp | +1.6% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 16.7% | -24 bp | +0.1% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 16.7% | +36 bp | -0.3% |
| QGRO | American Century U.S. Quality Growth ETF | 16.3% | -10 bp | +1.0% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 16.1% | +20 bp | -1.0% |
| GVIP | Goldman Sachs Hedge Industry VIP ETF | 14.9% | +6 bp | +1.4% |
| FFTY | Innovator IBD 50 ETF | 14.8% | +41 bp | -2.5% |
| AFMC | First Trust Active Factor Mid Cap ETF | 14.6% | +26 bp | +3.3% |
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 14.4% | +10 bp | +1.2% |
Risk and Returns: QMOM 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 7/25/2024
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
QMOM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QMOM
3.9%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.9% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. QMOM's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places QMOM in the 22nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QMOM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| QMOM (39 bp) Percentile rank | 22 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QMOM | 39.0 | 18.0 | 57 |
| Peer Avg. | 53.9 | 22.2 | 76.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .