MMTM ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The SPDR S&P 1500 Momentum Tilt ETF (MMTM) applies a factor strategy built on the broad US market, raising the weights of stocks with strong price momentum. Compared with other momentum ETFs such as MTUM and SPMO, the key selection criteria are the underlying index, the breadth of the universe, the management fee, and dividend differences.
SubscribeWhat Is the SPDR S&P 1500 Momentum Tilt ETF?
This is a factor ETF that tracks the S&P 1500 Positive Momentum Tilt Index. Based on the S&P 1500, which broadly covers US large-, mid-, and small-cap stocks, it increases the weights of stocks with strong price momentum and reduces the weights of those with weak momentum.
It suits investors who want to diversify across the broad US market while adding exposure to the momentum factor.
It is a passively managed (index-tracking) ETF operated by State Street.
How Does the SPDR S&P 1500 Momentum Tilt ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | S&P 1500 Positive Momentum Tilt Index |
| Management Style | Passive (index-tracking) |
| Rebalancing Frequency | Regular rebalancing |
| Dividend Frequency | Quarterly |
| Expense Ratio | 0.12% |
Starting from the S&P 1500 constituents, the fund applies a tilt approach based on price performance over a set period: stocks with strong momentum receive higher weights and those with weak momentum receive lower weights. Because momentum is reflected through weight adjustments rather than stock selection, the fund maintains broad market diversification.
- A wide universe covering the entire S&P 1500, not limited to large caps
- Momentum reflected through weight tilts rather than individual stock selection
SPDR S&P 1500 Momentum Tilt ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $120.5M, and the expense ratio is 0.12% per year.
Compared with other momentum factor ETFs such as MTUM and SPMO, it differs in tracking index, universe breadth, and fee structure.
SPDR S&P 1500 Momentum Tilt ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeBy the nature of momentum strategies, they tend to show relatively favorable trends when market leadership is strong, while volatility can rise when leading sectors rotate quickly. Short-term performance varies with market conditions.
Demand for factor ETFs and shifts in market risk appetite affect fund flows. When momentum draws market attention, interest can also gravitate toward momentum ETFs as a group.
SPDR S&P 1500 Momentum Tilt ETF Pros and Cons
Its strength is adding momentum exposure on top of a broad market universe, while its weakness is the market-regime dependence typical of factor strategies.
💪 Key Strengths
⚠️ Points to Watch
SPDR S&P 1500 Momentum Tilt ETF Alternative ETFs and Related Products
Among the comparison candidates in the table, MTUM and SPMO are representative momentum products focused on the MSCI USA Momentum Index and S&P 500 momentum respectively, and they differ from MMTM in universe and index construction. XMMO, which focuses on mid-cap stocks, XSMO, a small-cap momentum fund, and JMOM, managed by JPMorgan, belong to the same momentum factor family and can also be compared. It is effective to narrow your choice based on momentum exposure range, market-cap segment, and fee level.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 SPMO | Invesco S&P 500 Momentum ETF | $124.41 | +1.6% | $19.2B | 0.13% | 0.88% | +5.3% |
 MTUM | iShares MSCI USA Momentum Factor ETF | $63.76 | +1.9% | $15.6B | 0.15% | 0.73% | +3.3% |
 XMMO | Invesco S&P MidCap Momentum ETF | $129.57 | +2.7% | $6.0B | 0.34% | 0.76% | -4.0% |
 XSMO | Invesco S&P SmallCap Momentum ETF | $77.20 | +1.2% | $2.6B | 0.35% | 0.66% | +7.9% |
 JMOM | JPMorgan U.S. Momentum Factor ETF | $75.16 | +1.2% | $2.5B | 0.12% | 0.83% | +11.2% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 0.22% | $186.64 | +2.8% | $4.50T | 23.6 | 0.42% |
| AAPL | Apple Inc | 0.11% | $342.37 | -0.5% | $4.98T | 38.1 | 0.34% |
| GOOG | Alphabet Inc | 0.05% | $283.93 | +0.8% | $3.48T | 14.8 | 0.31% |
| MSFT | Microsoft Corp | 0.05% | $530.61 | -1.0% | $3.94T | 27.7 | 0.73% |
| GOOGL | Alphabet Inc | 0.08% | $284.78 | +0.8% | $3.48T | 14.9 | 0.31% |
| AVGO | Broadcom Inc | 0.08% | $293.69 | +0.7% | $1.40T | 37.5 | 0.89% |
SPDR S&P 1500 Momentum Tilt ETF Investor Checkpoints
Here are the points to review before investing in MMTM. Because the performance of momentum factor ETFs varies widely with market regimes, it is wise to check the strategy's characteristics and costs in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the cumulative cost impact over long holding periods | Annual fee applies |
| 📊 Universe | Degree of large-cap concentration and diversification | Based on S&P 1500 |
| 📈 Momentum Regime | Leadership trends and trend strength | Needs checking |
| 💱 Exchange Rate | Impact on returns converted to Korean won | No currency hedge |
Momentum strategies can accumulate losses when trends reverse, and performance volatility rises when leading sectors rotate frequently. Despite broad diversification, short-term losses are hard to avoid during market-wide declines.
It is worth considering for investors who want to add the momentum factor to broad US market exposure. It is advisable to decide by comparing momentum exposure range, market-cap segment, and fee level against MTUM, SPMO, and others.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 18, 2026.
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