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. Vol. Risk Contrib. MDD
 
Elements Spectrum Large Cap US Sector Momentum Index ETN EEH NYSEARCA US Market LargeCap Momentum USD 24.34 4.3 M 11.3% 33%   1% -36%
Fidelity Momentum Factor ETF FDMO NYSEARCA US Market LargeCap Momentum USD 39.90 86 M 17.5% 31%   5% -34%
First Trust Dorsey Wright Peoples Portfolio ETF DWPP NYSEARCA US Market LargeCap Momentum USD 25.34 63 M -14.0% 29%   4% -38%
First Trust Mega Cap AlphaDEX Fund FMK NASDAQ US Market LargeCap Size USD 36.97 23 M 9.2% 33%   5% -36%
First Trust Nasdaq-100 Equal Weighted Index Fund QQEW NASDAQ US Market LargeCap Size USD 85.47 843 M 34.6% 33%   5% -31%
Invesco QQQ Trust Series I QQQ NASDAQ US Market LargeCap USD 270.38 85 B 50.5% 34%   5% -29%
Invesco Russell 1000 Momentum Factor ETF OMOM BATS US Market LargeCap Momentum USD 28.29 7.1 M 2.1% 19%   0% -14%
Invesco Russell Top 200 Pure Growth Portfolio PXLG NYSEARCA US Market LargeCap Size USD 55.87 441 M 0.0% 0%   0% 0%
Invesco Russell Top 200 Pure Value Portfolio PXLV NYSEARCA US Market LargeCap Size USD 40.29 93 M 0.0% 0%   0% 0%
Invesco S&P 100 Equal Weight ETF EQWL NYSEARCA US Market LargeCap EqWeights USD 58.84 56 M 9.8% 33%   5% -35%
Invesco S&P 500 Momentum Portfolio SPMO NYSEARCA US Market LargeCap Momentum USD 47.87 58 M 23.5% 34%   5% -31%
Invesco S&P 500 Top 50 ETF XLG NYSEARCA US Market LargeCap USD 256.16 916 M 27.6% 32%   5% -31%
iShares Edge MSCI USA Momentum Factor ETF MTUM NYSEARCA US Market LargeCap Momentum USD 142.52 10 B 23.6% 34%   5% -34%
iShares Russell Top 200 ETF IWL NYSEARCA US Market LargeCap Size USD 79.29 389 M 22.0% 33%   5% -33%
iShares Russell Top 200 Growth ETF IWY NYSEARCA US Market LargeCap Size USD 116.70 1.7 B 41.0% 33%   5% -31%
iShares Russell Top 200 Value ETF IWX NYSEARCA US Market LargeCap Size USD 50.94 445 M 0.0% 34%   5% -36%
iShares S&P 100 OEF NYSEARCA US Market LargeCap Size USD 152.41 5.1 B 23.1% 33%   5% -31%
JPMorgan U.S. Momentum Factor ETF JMOM NYSEARCA US Market LargeCap Momentum USD 33.63 55 M 21.0% 32%   5% -34%
Pacer Trendpilot 100 ETF PTNQ BATS US Market LargeCap Size USD 46.60 744 M 35.7% 31%   5% -28%
Principal U.S. Mega-Cap Multi-Factor Index ETF USMC NASDAQ US Market LargeCap Size USD 31.94 1.4 B 16.0% 31%   5% -30%
SPDR Russell 1000 Momentum Focus ONEO NYSEARCA US Market LargeCap Momentum USD 73.14 313 M 5.7% 36%   5% -41%
Vanguard Mega Cap Growth Index Fund MGK NYSEARCA US Market LargeCap Size USD 178.60 5.3 B 42.5% 35%   5% -31%
Vanguard Mega Cap Index Fund MGC NYSEARCA US Market LargeCap Size USD 117.06 2.2 B 21.0% 33%   5% -33%
Vanguard Mega Cap Value Index Fund MGV NYSEARCA US Market LargeCap Size USD 76.21 2.5 B 0.8% 33%   5% -35%