Size & Momentum ETFs

Size & Momentum ETFs
  • Pininvest Analysis

The securities constituting Momentum ETFs are usually selected on basis of models combining total returns over past 11/12 months with other factors, such as fundamentals (earnings, book value or sales), adjusting for risk, medium-small-cap tilts and aiming for diversified sector exposure

Some of the Momentum-based strategies, applied to the S&P500 or from the Russell 1000 index, have been favored by historical market trends

It is often assumed that the momentum of mega-cap companies – represented in our theme by S&P100 or Russell top 200 – has had an oversized influence on the large cap indices – our comparison with Momentum ETFs, topping the performance range, does not seem to bear this out

On the other hand, equal weight mega-cap ETFs, downplaying the dominance of the very largest companies, have clearly underperformed... Are the values assigned to the 'FAANGs' outliers or just overpriced securities pulling the indices...?

We do not receive any commission or other form of compensation from the providers included in our 'Funds' presentation

Size & Momentum ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Momentum Vol. Risk Contrib. MDD
 
Elements Spectrum Large Cap US Sector Momentum Index ETN EEH NYSEARCA US Market LargeCap Momentum USD 29.55 4.3 M 42.4% Neutral 21%   3% -11%
Fidelity Momentum Factor ETF FDMO NYSEARCA US Market LargeCap Momentum USD 47.30 86 M 44.4% Neutral 22%   6% -12%
First Trust Dorsey Wright Peoples Portfolio ETF DWPP NYSEARCA US Market LargeCap Momentum USD 30.95 63 M 22.0% Neutral 15%   2% -9%
First Trust Nasdaq-100 Equal Weighted Index Fund QQEW NASDAQ US Market LargeCap Size USD 106.83 843 M 58.4% Neutral 22%   6% -10%
Invesco QQQ Trust QQQ NASDAQ Global Size USD 336.51 85 B 61.5% Neutral 24%   6% -13%
Invesco S&P 100® Equal Weight ETF EQWL NYSEARCA US Market LargeCap EqWeights USD 77.10 56 M 53.8% Weak Up 20%   5% -10%
Invesco S&P 500® Momentum Portfolio SPMO NYSEARCA US Market LargeCap Momentum USD 56.10 58 M 45.8% Neutral 22%   6% -11%
Invesco S&P 500® Top 50 ETF XLG NYSEARCA US Market LargeCap USD 309.81 916 M 47.1% Neutral 20%   5% -11%
iShares Edge MSCI USA Momentum Factor ETF MTUM NYSEARCA US Market LargeCap Momentum USD 171.93 10 B 49.9% Neutral 24%   6% -16%
iShares Russell Top 200 ETF IWL NYSEARCA US Market LargeCap Size USD 98.61 389 M 50.0% Weak Up 19%   5% -10%
iShares Russell Top 200 Growth ETF IWY NYSEARCA US Market LargeCap Size USD 142.32 1.7 B 55.5% Neutral 23%   6% -12%
iShares Russell Top 200 Value ETF IWX NYSEARCA US Market LargeCap Size USD 64.96 445 M 41.7% Weak Up 20%   4% -12%
iShares S&P 100 OEF NYSEARCA US Market LargeCap Size USD 187.76 5.1 B 48.1% Weak Up 19%   5% -10%
JPMorgan U.S. Momentum Factor ETF JMOM NYSEARCA US Market LargeCap Momentum USD 41.15 55 M 54.2% Neutral 21%   6% -11%
Pacer Trendpilot 100 ETF PTNQ BATS US Market LargeCap Size USD 53.87 744 M 47.5% Neutral 20%   5% -13%
Principal U.S. Mega-Cap Multi-Factor Index ETF USMC NASDAQ US Market LargeCap Size USD 37.96 1.4 B 36.9% Neutral 17%   5% -9%
SPDR Russell 1000 Momentum Focus ONEO NYSEARCA US Market LargeCap Momentum USD 96.07 313 M 66.5% Weak Up 22%   5% -10%
Vanguard Mega Cap Growth Index Fund MGK NYSEARCA US Market LargeCap Size USD 219.71 5.3 B 58.9% Neutral 23%   6% -12%
Vanguard Mega Cap Index Fund MGC NYSEARCA US Market LargeCap Size USD 146.10 2.2 B 50.2% Weak Up 19%   5% -10%
Vanguard Mega Cap Value Index Fund MGV NYSEARCA US Market LargeCap Size USD 96.78 2.5 B 39.9% Weak Up 19%   4% -11%