MMTM vs. QMOM

Last updated Jun 5, 2026

MMTM (SPDR S&P 1500 Momentum Tilt ETF) and QMOM (Alpha Architect U.S. Quantitative Momentum ETF) are both Momentum funds. MMTM is passively managed, while QMOM is actively managed. Over the past 10 years, MMTM returned 15.14%/yr vs 13.78%/yr for QMOM. A 0.70 correlation means they provide meaningful diversification when combined. MMTM charges 0.12%/yr vs 0.28%/yr for QMOM.

Performance

MMTM vs. QMOM - Performance Comparison

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

Returns By Period

In the year-to-date period, MMTM achieves a 10.17% return, which is significantly lower than QMOM's 24.29% return. Over the past 10 years, MMTM has outperformed QMOM with an annualized return of 15.14%, while QMOM has yielded a comparatively lower 13.78% annualized return.

MMTM

• 1D: 0.92%
• 1M: 3.08%
• YTD: 10.17%
• 6M: 10.01%
• 1Y: 25.56%
• 3Y*: 22.98%
• 5Y*: 13.71%
• 10Y*: 15.14%

QMOM

• 1D: -0.29%
• 1M: 4.40%
• YTD: 24.29%
• 6M: 24.93%
• 1Y: 30.10%
• 3Y*: 23.16%
• 5Y*: 11.48%
• 10Y*: 13.78%

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

MMTM vs. QMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMTM SPDR S&P 1500 Momentum Tilt ETF	10.17%	13.26%	29.94%	22.49%	-16.12%	26.33%	19.27%	29.98%	-4.62%	24.41%
QMOM Alpha Architect U.S. Quantitative Momentum ETF	24.29%	2.36%	30.43%	9.50%	-6.99%	-4.06%	61.94%	28.39%	-11.75%	15.92%

Correlation

The correlation between MMTM and QMOM is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.70

The correlation between MMTM and QMOM has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

MMTM vs. QMOM - Sectors Allocation Comparison

Sectors	MMTM	QMOM
Technology	29.5%	23.9%
Financial Services	16.0%	1.9%
Consumer Cyclical	12.4%	7.4%
Healthcare	10.8%	8.9%
Communication Services	7.7%	4.2%
Industrials	7.6%	37.5%
Consumer Defensive	6.7%	1.6%
Real Estate	3.1%	-
Utilities	2.6%	2.0%
Basic Materials	2.0%	9.0%
Energy	1.7%	5.5%

Return for Risk

MMTM vs. QMOM — Risk / Return Rank

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

MMTM

MMTM Risk / Return Rank: 56
MMTM Sharpe Ratio Rank: 54
MMTM Sortino Ratio Rank: 53
MMTM Omega Ratio Rank: 53
MMTM Calmar Ratio Rank: 54
MMTM Martin Ratio Rank: 65

QMOM

QMOM Risk / Return Rank: 42
QMOM Sharpe Ratio Rank: 38
QMOM Sortino Ratio Rank: 36
QMOM Omega Ratio Rank: 37
QMOM Calmar Ratio Rank: 49
QMOM Martin Ratio Rank: 52

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.

MMTM vs. QMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 1500 Momentum Tilt ETF (MMTM) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM). 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.

	MMTM	QMOM	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.30	+0.51
Sortino ratio: Return per unit of downside risk	2.50	1.84	+0.67
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.09
Calmar ratio: Return relative to maximum drawdown	2.59	2.39	+0.20
Martin ratio: Return relative to average drawdown	11.74	8.74	+3.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMTM vs. QMOM - Sharpe Ratio Comparison

The current MMTM Sharpe Ratio is 1.81, which is higher than the QMOM Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of MMTM and QMOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MMTM	QMOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.30	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.48	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.52	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.51	+0.34

Drawdowns

MMTM vs. QMOM - Drawdown Comparison

The maximum MMTM drawdown since its inception was -33.85%, smaller than the maximum QMOM drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for MMTM and QMOM.

Drawdown Indicators

	MMTM	QMOM	Difference
Max Drawdown Largest peak-to-trough decline	-33.85%	-39.13%	+5.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-12.65%	+2.76%
Max Drawdown (3Y) Largest decline over 3 years	-22.08%	-26.46%	+4.38%
Max Drawdown (5Y) Largest decline over 5 years	-23.72%	-26.82%	+3.10%
Max Drawdown (10Y) Largest decline over 10 years	-33.85%	-39.13%	+5.28%
Current Drawdown Current decline from peak	-0.56%	-0.66%	+0.10%
Average Drawdown Average peak-to-trough decline	-4.20%	-12.91%	+8.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.45%	-1.27%

Volatility

MMTM vs. QMOM - Volatility Comparison

The current volatility for SPDR S&P 1500 Momentum Tilt ETF (MMTM) is 2.48%, while Alpha Architect U.S. Quantitative Momentum ETF (QMOM) has a volatility of 8.27%. This indicates that MMTM experiences smaller price fluctuations and is considered to be less risky than QMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMTM	QMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	8.27%	-5.79%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	19.79%	-9.04%
Volatility (1Y) Calculated over the trailing 1-year period	14.20%	23.30%	-9.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.20%	24.19%	-5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.65%	26.48%	-7.83%

MMTM vs. QMOM - Expense Ratio Comparison

MMTM has a 0.12% expense ratio, which is lower than QMOM's 0.28% expense ratio.

Dividends

MMTM vs. QMOM - Dividend Comparison

MMTM's dividend yield for the trailing twelve months is around 0.78%, more than QMOM's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MMTM SPDR S&P 1500 Momentum Tilt ETF	0.78%	0.86%	0.83%	1.16%	1.67%	0.95%	1.14%	1.55%	1.64%	1.52%	1.98%	1.68%
QMOM Alpha Architect U.S. Quantitative Momentum ETF	0.44%	0.54%	1.40%	0.87%	1.59%	0.12%	0.08%	0.01%	0.05%	0.13%	0.34%	0.00%

Frequently Asked Questions

Can I hold both MMTM and QMOM in my portfolio?

MMTM and QMOM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MMTM or QMOM?

QMOM has higher volatility (8.27%) compared to MMTM (2.48%). In terms of maximum drawdown, MMTM dropped -33.85% vs QMOM's -39.13%.

Which ETF is better, MMTM or QMOM?

On 10-year performance, MMTM leads with 15.14% vs 13.78% for QMOM. On fees, MMTM is cheaper at 0.12% per year. On volatility, MMTM has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MMTM or QMOM?

Over the 10-year period, MMTM has performed better with a 15.14% return vs 13.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MMTM or QMOM?

MMTM is cheaper with a 0.12% expense ratio, compared with 0.28% for QMOM.

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

MMTM has the higher dividend yield at 0.78%, compared with 0.44% for QMOM.

What is the main difference between MMTM and QMOM?

They also come from different issuers: State Street and Alpha Architect. Their fees differ too: 0.12% for MMTM and 0.28% for QMOM.

Which has better risk-adjusted returns?

MMTM currently has the higher Sharpe Ratio (1.81 vs 1.30), 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.