MMTM vs. IWY
Compare and contrast key facts about SPDR S&P 1500 Momentum Tilt ETF (MMTM) and iShares Russell Top 200 Growth ETF (IWY).
MMTM and IWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MMTM is a passively managed fund by State Street that tracks the performance of the S&P 1500 Positive Momentum Tilt Index. It was launched on Oct 24, 2012. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both MMTM and IWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMTM or IWY.
Correlation
The correlation between MMTM and IWY is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MMTM vs. IWY - Performance Comparison
Key characteristics
MMTM:
1.88
IWY:
1.88
MMTM:
2.59
IWY:
2.46
MMTM:
1.34
IWY:
1.34
MMTM:
2.82
IWY:
2.46
MMTM:
11.41
IWY:
9.10
MMTM:
2.71%
IWY:
3.75%
MMTM:
16.44%
IWY:
18.17%
MMTM:
-33.85%
IWY:
-32.68%
MMTM:
-2.90%
IWY:
-3.31%
Returns By Period
In the year-to-date period, MMTM achieves a 1.65% return, which is significantly higher than IWY's 0.47% return. Over the past 10 years, MMTM has underperformed IWY with an annualized return of 15.65%, while IWY has yielded a comparatively higher 18.14% annualized return.
MMTM
1.65%
-1.86%
8.46%
31.17%
14.65%
15.65%
IWY
0.47%
-3.31%
10.06%
34.14%
19.35%
18.14%
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MMTM vs. IWY - Expense Ratio Comparison
MMTM has a 0.12% expense ratio, which is lower than IWY's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MMTM vs. IWY — Risk-Adjusted Performance Rank
MMTM
IWY
MMTM vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 1500 Momentum Tilt ETF (MMTM) and iShares Russell Top 200 Growth ETF (IWY). 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.
Dividends
MMTM vs. IWY - Dividend Comparison
MMTM's dividend yield for the trailing twelve months is around 0.82%, more than IWY's 0.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMTM SPDR S&P 1500 Momentum Tilt ETF | 0.82% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.63% | 1.52% | 1.98% | 1.68% | 1.54% |
IWY iShares Russell Top 200 Growth ETF | 0.42% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% |
Drawdowns
MMTM vs. IWY - Drawdown Comparison
The maximum MMTM drawdown since its inception was -33.85%, roughly equal to the maximum IWY drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for MMTM and IWY. For additional features, visit the drawdowns tool.
Volatility
MMTM vs. IWY - Volatility Comparison
The current volatility for SPDR S&P 1500 Momentum Tilt ETF (MMTM) is 5.65%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 6.41%. This indicates that MMTM experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.