- ISIN
- US78468R7052
- CUSIP
- 78468R705
- Issuer
- State Street
- Inception Date
- Oct 24, 2012
- Region
- North America (U.S.)
- Category
- Momentum, Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 1500 Positive Momentum Tilt Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $191M
Share Price Chart
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Performance
MMTM Performance Chart
SPDR S&P 1500 Momentum Tilt ETF (MMTM) is up 7.8% since the beginning of the year. MMTM is currently trading at $313 per share. Investors who bought $1,000 worth of MMTM shares 5 years ago would now be looking at an investment worth $1,860.
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Returns By Period
SPDR S&P 1500 Momentum Tilt ETF (MMTM) has returned 7.75% so far this year and 23.38% over the past 12 months. Looking at the last ten years, MMTM has achieved an annualized return of 15.09%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
SPDR S&P 1500 Momentum Tilt ETF
- 1D
- -0.01%
- 1M
- -1.56%
- YTD
- 7.75%
- 6M
- 7.09%
- 1Y
- 23.38%
- 3Y*
- 21.27%
- 5Y*
- 13.21%
- 10Y*
- 15.09%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MMTM Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2012, MMTM's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +11.9%, while the worst month was Mar 2020 at -11.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MMTM closed higher 47% of trading days. The best single day was Apr 9, 2025 with a return of +11.2%, while the worst single day was Mar 16, 2020 at -9.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.85% | -0.84% | -4.81% | 11.11% | 3.71% | -2.74% | 7.75% | ||||||
| 2025 | 2.81% | -2.48% | -7.46% | -0.20% | 6.31% | 4.57% | 2.31% | 0.59% | 4.35% | 3.12% | -0.74% | 0.09% | 13.26% |
| 2024 | 3.02% | 7.47% | 2.99% | -4.63% | 5.78% | 4.93% | -0.59% | 2.39% | 2.07% | -0.01% | 6.16% | -2.37% | 29.94% |
| 2023 | 3.07% | -2.79% | 1.30% | 2.27% | 0.69% | 7.04% | 2.92% | -0.77% | -5.15% | -1.89% | 10.06% | 4.69% | 22.49% |
| 2022 | -5.53% | -2.59% | 4.12% | -9.59% | 0.06% | -8.19% | 8.57% | -3.02% | -8.03% | 9.62% | 4.18% | -4.70% | -16.12% |
| 2021 | -0.99% | 1.04% | 2.79% | 6.14% | 0.95% | 2.15% | 1.92% | 3.53% | -4.17% | 8.13% | -0.98% | 3.67% | 26.33% |
Benchmark Metrics
SPDR S&P 1500 Momentum Tilt ETF has an annualized alpha of 2.98%, beta of 0.89, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since October 25, 2012.
- This ETF captured 101.67% of S&P 500 Index gains but only 94.38% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 2.98% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.89 and R2 of 0.74, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.98%
- Beta
- 0.89
- R²
- 0.74
- Upside Capture
- 101.67%
- Downside Capture
- 94.38%
Expense Ratio
MMTM has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
MMTM ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P 1500 Momentum Tilt ETF (MMTM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MMTM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.78 | -0.41 |
| Martin ratioReturn relative to average drawdown | 10.47 | 12.44 | -1.97 |
Dividends
Dividend History
SPDR S&P 1500 Momentum Tilt ETF provided a 1.08% dividend yield over the last twelve months, with an annual payout of $3.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.37 | $2.51 | $2.16 | $2.35 | $2.79 | $1.93 | $1.84 | $2.14 | $1.76 | $1.74 | $1.86 | $1.51 |
Dividend yield | 1.08% | 0.86% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.64% | 1.52% | 1.98% | 1.68% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P 1500 Momentum Tilt ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.87 | $1.47 | ||||||
| 2025 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.60 | $2.51 |
| 2024 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.63 | $2.16 |
| 2023 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.47 | $2.35 |
| 2022 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.84 | $2.79 |
| 2021 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.63 | $1.93 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P 1500 Momentum Tilt ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P 1500 Momentum Tilt ETF was 33.85%, occurring on Mar 23, 2020. Recovery took 92 trading sessions.
The current SPDR S&P 1500 Momentum Tilt ETF drawdown is 2.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.85%Mar 2020 | 1mo 2d | 4mo 13d | 5mo 15dFeb 2020 - Aug 2020 |
Bear market2022 | -23.72%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -22.08%Apr 2025 | 1mo 17d | 3mo 18d | 5mo 5dFeb 2025 - Jul 2025 |
Rate-hike selloffLate 2018 | -21.39%Dec 2018 | 2mo 23d | 5mo 26d | 8mo 19dOct 2018 - Jun 2019 |
2016 correction2016 | -15.75%Feb 2016 | 1mo 10d | 5mo 5d | 6mo 15dDec 2015 - Jul 2016 |
Drawdown Indicators
| MMTM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -56.78% | +22.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -9.10% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.08% | -18.90% | -3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -25.43% | +1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -33.92% | +0.07% |
Current DrawdownCurrent decline from peak | -2.74% | -1.80% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -10.71% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.03% | +0.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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