Skip to Content
ETFs

SPDR S&P 1500 Momentum Tilt ETF

MMTM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 24 2012
Expense Ratio
0.12%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$914,816
AUM
$66,993,795
Associated Index
S&P 1500 Positive Momentum Tilt Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
3.27%
AAPL
Apple Inc
3.09%
XOM
Exxon Mobil Corp.
2.41%
UNH
Unitedhealth Group Inc
2.16%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.84%
JNJ
Johnson & Johnson
1.71%
CVX
Chevron Corp.
1.58%
LLY
Lilly(Eli) & Co
1.51%
MRK
Merck & Co Inc
1.46%
ABBV
Abbvie Inc
1.42%
Invest with MMTM

What is MMTM?

The SPDR S&P 1500 Momentum Tilt ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of U.S. equity securities exhibiting price momentum. The S&P 1500 Positive Momentum Tilt Index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P 1500 Index and stocks with relatively low momentum are underweight.

ETFs related toMMTM

ETFs correlated to MMTM include XLSR, FLQL, JHML

MMTM
SPDR Series Trust - SPDR S&P 1500 Momentum Tilt ETF
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
BFEB
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - February
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMMTM

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MMTM using Composer

FAQ

MMTM is a US Equities ETF. The SPDR S&P 1500 Momentum Tilt ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of U.S. equity securities exhibiting price momentum. The S&P 1500 Positive Momentum Tilt Index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P 1500 Index and stocks with relatively low momentum are underweight.

MMTM tracks the S&P 1500 Positive Momentum Tilt Index.

No, MMTM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MMTM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MMTM is -0.0326%. This is the percent change in the value of MMTM over the most recent 1-month period. The 3-month return on MMTM is -0.0072%. This is the percent change in the value of MMTM over the most recent 3-month period.

The standard deviation of MMTM for the past year is 0.2125%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MMTM include USMV, QUAL, and SPHQ.

ETFs correlated to MMTM include XLSR, FLQL, and JHML.

ETFs that are inversely correlated to MMTM include SDS, SPDN, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.