JMOM vs. FMTM

Last updated Aug 4, 2026

JMOM (JPMorgan U.S. Momentum Factor ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both Momentum funds. JMOM is passively managed, while FMTM is actively managed. Over the past year, JMOM returned 29.18% vs 45.80% for FMTM. Their correlation of 0.84 means they have usually moved in the same direction. JMOM charges 0.12%/yr vs 0.45%/yr for FMTM.

Performance

JMOM vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Momentum Factor ETF (JMOM) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JMOM having a 20.54% return and FMTM slightly higher at 21.20%.

JMOM

• 1D: 1.25%
• 1M: -1.61%
• 6M: 16.11%
• YTD: 20.54%
• 1Y: 29.18%
• 3Y*: 25.54%
• 5Y*: 13.81%
• 10Y*: —
• ALL TIME*: 15.83%

FMTM

• 1D: 1.43%
• 1M: -3.99%
• 6M: 8.80%
• YTD: 21.20%
• 1Y: 45.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMTM MarketDesk Focused U.S. Momentum ETF	$7.19M	$8.18M	$9.06M
JMOM JPMorgan U.S. Momentum Factor ETF	$17.82M	$11.76M	$9.25M

JMOM vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
JMOM JPMorgan U.S. Momentum Factor ETF	20.54%	19.93%
FMTM MarketDesk Focused U.S. Momentum ETF	21.20%	28.21%

Correlation

The correlation between JMOM and FMTM is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.84

The correlation between JMOM and FMTM has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

JMOM vs. FMTM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JMOM

JMOM Risk / Return Rank: 80
JMOM Sharpe Ratio Rank: 76
JMOM Sortino Ratio Rank: 75
JMOM Omega Ratio Rank: 72
JMOM Calmar Ratio Rank: 88
JMOM Martin Ratio Rank: 88

FMTM

FMTM Risk / Return Rank: 74
FMTM Sharpe Ratio Rank: 75
FMTM Sortino Ratio Rank: 67
FMTM Omega Ratio Rank: 67
FMTM Calmar Ratio Rank: 81
FMTM Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JMOM vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Momentum Factor ETF (JMOM) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	JMOM	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.73	+0.05
Sortino ratio: Return per unit of downside risk	2.46	2.25	+0.21
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	3.66	2.99	+0.67
Martin ratio: Return relative to average drawdown	13.51	10.28	+3.23

JMOM vs. FMTM - Sharpe Ratio Comparison

The current JMOM Sharpe Ratio is 1.78, which is comparable to the FMTM Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of JMOM and FMTM, 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

JMOM vs. FMTM - Drawdown Comparison

The maximum JMOM drawdown since its inception was -34.31%, which is greater than FMTM's maximum drawdown of -15.40%. Use the drawdown chart below to compare losses from any high point for JMOM and FMTM.

Drawdown Indicators

	JMOM	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-15.40%	-18.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-15.40%	+7.38%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	—	—
Current Drawdown Current decline from peak	-4.22%	-10.75%	+6.53%
Average Drawdown Average peak-to-trough decline	-6.25%	-2.45%	-3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	4.47%	-2.31%

Volatility

JMOM vs. FMTM - Volatility Comparison

The current volatility for JPMorgan U.S. Momentum Factor ETF (JMOM) is 5.42%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 9.02%. This indicates that JMOM experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMOM	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	9.02%	-3.60%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	21.03%	-7.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	26.65%	-10.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	24.75%	-5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	24.75%	-4.58%

JMOM vs. FMTM - Expense Ratio Comparison

JMOM has a 0.12% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

JMOM vs. FMTM - Dividend Comparison

JMOM's dividend yield for the trailing twelve months is around 0.75%, more than FMTM's 0.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMTM MarketDesk Focused U.S. Momentum ETF	0.24%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JMOM JPMorgan U.S. Momentum Factor ETF	0.75%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%

Frequently Asked Questions

Can I hold both JMOM and FMTM in my portfolio?

JMOM and FMTM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMOM or FMTM?

FMTM has higher volatility (9.02%) compared to JMOM (5.42%). In terms of maximum drawdown, JMOM dropped -34.31% vs FMTM's -15.40%.

Which ETF is better, JMOM or FMTM?

On 1-year performance, FMTM leads with 45.80% vs 29.18% for JMOM. On fees, JMOM is cheaper at 0.12% per year. On volatility, JMOM has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMOM or FMTM?

Over the 1-year period, FMTM has performed better with a 45.80% return vs 29.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMOM or FMTM?

JMOM is cheaper with a 0.12% expense ratio, compared with 0.45% for FMTM.

Which ETF pays a higher dividend yield, JMOM or FMTM?

JMOM has the higher dividend yield at 0.75%, compared with 0.24% for FMTM.

What is the main difference between JMOM and FMTM?

Their fees differ too: 0.12% for JMOM and 0.45% for FMTM.

Which has better risk-adjusted returns?

JMOM currently has the higher Sharpe Ratio (1.78 vs 1.73), 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.