MMTM vs. MTUM
Compare and contrast key facts about SPDR S&P 1500 Momentum Tilt ETF (MMTM) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
MMTM and MTUM 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. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013. Both MMTM and MTUM 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 MTUM.
Correlation
The correlation between MMTM and MTUM 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. MTUM - Performance Comparison
Key characteristics
MMTM:
2.03
MTUM:
1.94
MMTM:
2.76
MTUM:
2.62
MMTM:
1.37
MTUM:
1.34
MMTM:
2.97
MTUM:
1.98
MMTM:
12.62
MTUM:
11.33
MMTM:
2.58%
MTUM:
3.23%
MMTM:
16.06%
MTUM:
18.94%
MMTM:
-33.85%
MTUM:
-34.08%
MMTM:
-3.86%
MTUM:
-3.55%
Returns By Period
In the year-to-date period, MMTM achieves a 30.78% return, which is significantly lower than MTUM's 34.29% return. Over the past 10 years, MMTM has outperformed MTUM with an annualized return of 15.12%, while MTUM has yielded a comparatively lower 13.18% annualized return.
MMTM
30.78%
0.07%
8.38%
31.22%
15.21%
15.12%
MTUM
34.29%
-0.84%
7.61%
34.86%
12.03%
13.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MMTM vs. MTUM - Expense Ratio Comparison
MMTM has a 0.12% expense ratio, which is lower than MTUM's 0.15% 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. MTUM - 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 Edge MSCI USA Momentum Factor ETF (MTUM). 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. MTUM - Dividend Comparison
MMTM's dividend yield for the trailing twelve months is around 0.58%, less than MTUM's 0.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMTM SPDR S&P 1500 Momentum Tilt ETF | 0.58% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.63% | 1.52% | 1.98% | 1.68% | 1.54% | 1.74% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.74% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% | 1.02% |
Drawdowns
MMTM vs. MTUM - Drawdown Comparison
The maximum MMTM drawdown since its inception was -33.85%, roughly equal to the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for MMTM and MTUM. For additional features, visit the drawdowns tool.
Volatility
MMTM vs. MTUM - Volatility Comparison
The current volatility for SPDR S&P 1500 Momentum Tilt ETF (MMTM) is 4.62%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 5.67%. This indicates that MMTM experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.