IMOM vs. MMTM

Last updated Jun 24, 2026

IMOM (Alpha Architect International Quantitative Momentum ETF) and MMTM (SPDR S&P 1500 Momentum Tilt ETF) are both Momentum funds - IMOM tracks the Alpha Architect Intern.Quan. Mome. (USD)(TR) while MMTM tracks the S&P 1500 Positive Momentum Tilt Index. Both are passively managed. Over the past 10 years, IMOM returned 7.38%/yr vs 14.83%/yr for MMTM. A 0.61 correlation means they provide meaningful diversification when combined. IMOM charges 0.38%/yr vs 0.12%/yr for MMTM.

Performance

IMOM vs. MMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect International Quantitative Momentum ETF (IMOM) and SPDR S&P 1500 Momentum Tilt ETF (MMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMOM achieves a 13.79% return, which is significantly higher than MMTM's 5.27% return. Over the past 10 years, IMOM has underperformed MMTM with an annualized return of 7.38%, while MMTM has yielded a comparatively higher 14.83% annualized return.

IMOM

• 1D: -2.92%
• 1M: -3.30%
• YTD: 13.79%
• 6M: 13.08%
• 1Y: 36.25%
• 3Y*: 23.30%
• 5Y*: 8.09%
• 10Y*: 7.38%

MMTM

• 1D: -2.31%
• 1M: -3.83%
• YTD: 5.27%
• 6M: 3.94%
• 1Y: 18.98%
• 3Y*: 20.33%
• 5Y*: 12.49%
• 10Y*: 14.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IMOM vs. MMTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMOM Alpha Architect International Quantitative Momentum ETF	13.79%	47.20%	5.22%	9.15%	-21.92%	-0.75%	28.39%	18.26%	-23.07%	34.83%
MMTM SPDR S&P 1500 Momentum Tilt ETF	5.27%	13.26%	29.94%	22.49%	-16.12%	26.33%	19.27%	29.98%	-4.62%	24.41%

Correlation

The correlation between IMOM and MMTM is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.61

The correlation between IMOM and MMTM has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.

IMOM vs. MMTM - Sectors Allocation Comparison

Sectors	IMOM	MMTM
Industrials	31.2%	7.3%
Technology	18.7%	32.3%
Basic Materials	14.5%	1.9%
Utilities	10.7%	2.4%
Energy	10.3%	1.6%
Communication Services	6.3%	7.4%
Financial Services	4.2%	15.1%
Real Estate	4.2%	3.0%
Healthcare	3.3%	10.7%
Consumer Cyclical	1.7%	12.1%
Consumer Defensive	-	6.2%

Return for Risk

IMOM vs. MMTM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMOM

IMOM Risk / Return Rank: 53
IMOM Sharpe Ratio Rank: 54
IMOM Sortino Ratio Rank: 52
IMOM Omega Ratio Rank: 55
IMOM Calmar Ratio Rank: 49
IMOM Martin Ratio Rank: 56

MMTM

MMTM Risk / Return Rank: 41
MMTM Sharpe Ratio Rank: 38
MMTM Sortino Ratio Rank: 37
MMTM Omega Ratio Rank: 37
MMTM Calmar Ratio Rank: 40
MMTM Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMOM vs. MMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect International Quantitative Momentum ETF (IMOM) and 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.

	IMOM	MMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.31	+0.45
Sortino ratio: Return per unit of downside risk	2.40	1.85	+0.55
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.09
Calmar ratio: Return relative to maximum drawdown	2.33	1.93	+0.41
Martin ratio: Return relative to average drawdown	9.33	8.42	+0.91

IMOM vs. MMTM - Sharpe Ratio Comparison

The current IMOM Sharpe Ratio is 1.76, which is higher than the MMTM Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of IMOM and MMTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IMOM vs. MMTM - Drawdown Comparison

The maximum IMOM drawdown since its inception was -45.74%, which is greater than MMTM's maximum drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for IMOM and MMTM.

Drawdown Indicators

	IMOM	MMTM	Difference
Max Drawdown Largest peak-to-trough decline	-45.74%	-33.85%	-11.89%
Max Drawdown (1Y) Largest decline over 1 year	-15.61%	-9.89%	-5.72%
Max Drawdown (3Y) Largest decline over 3 years	-17.51%	-22.08%	+4.57%
Max Drawdown (5Y) Largest decline over 5 years	-39.27%	-23.72%	-15.55%
Max Drawdown (10Y) Largest decline over 10 years	-45.74%	-33.85%	-11.89%
Current Drawdown Current decline from peak	-5.97%	-4.99%	-0.98%
Average Drawdown Average peak-to-trough decline	-14.13%	-4.19%	-9.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	2.26%	+1.64%

Volatility

IMOM vs. MMTM - Volatility Comparison

Alpha Architect International Quantitative Momentum ETF (IMOM) has a higher volatility of 8.35% compared to SPDR S&P 1500 Momentum Tilt ETF (MMTM) at 4.15%. This indicates that IMOM's price experiences larger fluctuations and is considered to be riskier than MMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMOM	MMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.35%	4.15%	+4.20%
Volatility (6M) Calculated over the trailing 6-month period	18.24%	10.97%	+7.27%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	14.57%	+6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.07%	18.26%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.28%	18.66%	+1.62%

IMOM vs. MMTM - Expense Ratio Comparison

IMOM has a 0.38% expense ratio, which is higher than MMTM's 0.12% expense ratio.

Dividends

IMOM vs. MMTM - Dividend Comparison

IMOM's dividend yield for the trailing twelve months is around 2.22%, more than MMTM's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMOM Alpha Architect International Quantitative Momentum ETF	2.22%	2.53%	4.52%	2.95%	6.06%	1.27%	0.59%	1.17%	0.78%	1.11%	0.54%	0.00%
MMTM SPDR S&P 1500 Momentum Tilt ETF	0.88%	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

Can I hold both IMOM and MMTM in my portfolio?

IMOM and MMTM have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMOM or MMTM?

IMOM has higher volatility (8.35%) compared to MMTM (4.15%). In terms of maximum drawdown, IMOM dropped -45.74% vs MMTM's -33.85%.

Which ETF is better, IMOM or MMTM?

On 10-year performance, MMTM leads with 14.83% vs 7.38% for IMOM. On fees, MMTM is cheaper at 0.12% per year. On volatility, MMTM has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IMOM or MMTM?

Over the 10-year period, MMTM has performed better with a 14.83% return vs 7.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IMOM or MMTM?

MMTM is cheaper with a 0.12% expense ratio, compared with 0.38% for IMOM.

Which ETF pays a higher dividend yield, IMOM or MMTM?

IMOM has the higher dividend yield at 2.22%, compared with 0.88% for MMTM.

What is the main difference between IMOM and MMTM?

IMOM tracks Alpha Architect Intern.Quan. Mome. (USD)(TR), while MMTM tracks S&P 1500 Positive Momentum Tilt Index. They also come from different issuers: Alpha Architect and State Street. Their fees differ too: 0.38% for IMOM and 0.12% for MMTM.

Which has better risk-adjusted returns?

IMOM currently has the higher Sharpe Ratio (1.76 vs 1.31), 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.