GMOM vs. MMTM
GMOM (Cambria Global Momentum ETF) and MMTM (State Street SPDR S&P 1500 Momentum Tilt ETF) are both Momentum funds. GMOM is actively managed, while MMTM is passively managed. Over the past 10 years, GMOM returned 7.18%/yr vs 14.43%/yr for MMTM. Their 0.54 correlation means they have sometimes moved together and sometimes differently. GMOM charges 0.96%/yr vs 0.12%/yr for MMTM.
Performance
GMOM vs. MMTM - Performance Comparison
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Returns By Period
In the year-to-date period, GMOM achieves a 10.77% return, which is significantly higher than MMTM's 6.60% return. Over the past 10 years, GMOM has underperformed MMTM with an annualized return of 7.18%, while MMTM has yielded a comparatively higher 14.43% annualized return.
GMOM
- 1D
- 0.83%
- 1M
- 4.48%
- 6M
- 1.88%
- YTD
- 10.77%
- 1Y
- 24.88%
- 3Y*
- 12.63%
- 5Y*
- 7.64%
- 10Y*
- 7.18%
- ALL TIME*
- 5.87%
MMTM
- 1D
- 2.45%
- 1M
- 1.65%
- 6M
- 4.76%
- YTD
- 6.60%
- 1Y
- 14.62%
- 3Y*
- 19.61%
- 5Y*
- 11.95%
- 10Y*
- 14.43%
- ALL TIME*
- 14.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $382.91K | $314.43K | $258.97K | |
| $340.91K | $391.12K | $394.07K |
GMOM vs. MMTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMOM Cambria Global Momentum ETF | 10.77% | 20.63% | 6.75% | 0.65% | -2.82% | 19.13% | 2.42% | 8.24% | -9.61% | 20.67% |
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF | 6.60% | 13.26% | 29.94% | 22.49% | -16.12% | 26.33% | 19.27% | 29.98% | -4.62% | 24.41% |
Correlation
The correlation between GMOM and MMTM is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2014 | 0.54 |
The correlation between GMOM and MMTM shifts across timeframes, from 0.54 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GMOM vs. MMTM — Risk / Return Rank
GMOM
MMTM
GMOM vs. MMTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Momentum ETF (GMOM) and State Street SPDR S&P 1500 Momentum Tilt ETF (MMTM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| GMOM | MMTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.48 | +1.13 |
| Martin ratioReturn relative to average drawdown | 7.84 | 5.01 | +2.83 |
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Drawdowns
GMOM vs. MMTM - Drawdown Comparison
The maximum GMOM drawdown since its inception was -25.03%, smaller than the maximum MMTM drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for GMOM and MMTM.
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Drawdown Indicators
| GMOM | MMTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -33.85% | +8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -9.89% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -22.08% | +8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -23.72% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -25.03% | -33.85% | +8.82% |
Current DrawdownCurrent decline from peak | -2.78% | -3.78% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -4.20% | -3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.92% | +0.26% |
Volatility
GMOM vs. MMTM - Volatility Comparison
The current volatility for Cambria Global Momentum ETF (GMOM) is 3.25%, while State Street SPDR S&P 1500 Momentum Tilt ETF (MMTM) has a volatility of 5.66%. This indicates that GMOM experiences smaller price fluctuations and is considered to be less risky than MMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOM | MMTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.66% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 12.11% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 15.61% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 18.38% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 18.73% | -5.78% |
GMOM vs. MMTM - Expense Ratio Comparison
GMOM has a 0.96% expense ratio, which is higher than MMTM's 0.12% expense ratio.
Dividends
GMOM vs. MMTM - Dividend Comparison
GMOM's dividend yield for the trailing twelve months is around 1.47%, more than MMTM's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOM Cambria Global Momentum ETF | 1.47% | 3.01% | 2.16% | 3.63% | 2.52% | 3.42% | 1.24% | 2.60% | 1.90% | 2.05% | 1.77% | 1.88% |
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF | 0.87% | 0.86% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.64% | 1.52% | 1.98% | 1.68% |
Frequently Asked Questions
GMOM and MMTM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMTM has higher volatility (5.66%) compared to GMOM (3.25%). In terms of maximum drawdown, GMOM dropped -25.03% vs MMTM's -33.85%.
On 10-year performance, MMTM leads with 14.43% vs 7.18% for GMOM. On fees, MMTM is cheaper at 0.12% per year. On volatility, GMOM has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MMTM has performed better with a 14.43% return vs 7.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MMTM is cheaper with a 0.12% expense ratio, compared with 0.96% for GMOM.
GMOM has the higher dividend yield at 1.47%, compared with 0.87% for MMTM.
They also come from different issuers: Cambria and State Street. Their fees differ too: 0.96% for GMOM and 0.12% for MMTM.
GMOM currently has the higher Sharpe Ratio (1.70 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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