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 27.43 4.3 M 14.6% 36%   1% -36%
Fidelity Momentum Factor ETF FDMO NYSEARCA US Market LargeCap Momentum USD 44.98 86 M 18.9% 33%   5% -34%
First Trust Dorsey Wright Peoples Portfolio ETF DWPP NYSEARCA US Market LargeCap Momentum USD 28.54 63 M -16.4% 30%   4% -38%
First Trust Mega Cap AlphaDEX Fund FMK NASDAQ US Market LargeCap Size USD 42.73 23 M 11.0% 35%   5% -36%
First Trust Nasdaq-100 Equal Weighted Index Fund QQEW NASDAQ US Market LargeCap Size USD 101.98 843 M 33.6% 34%   5% -31%
Invesco QQQ Trust Series I QQQ NASDAQ US Market LargeCap USD 311.86 85 B 41.1% 36%   5% -29%
Invesco S&P 100 Equal Weight ETF EQWL NYSEARCA US Market LargeCap EqWeights USD 70.26 56 M 13.7% 34%   5% -34%
Invesco S&P 500 Momentum Portfolio SPMO NYSEARCA US Market LargeCap Momentum USD 52.41 58 M 22.4% 36%   5% -31%
Invesco S&P 500 Top 50 ETF XLG NYSEARCA US Market LargeCap USD 281.49 916 M 18.2% 33%   5% -30%
iShares Edge MSCI USA Momentum Factor ETF MTUM NYSEARCA US Market LargeCap Momentum USD 164.65 10 B 26.4% 36%   5% -34%
iShares Russell Top 200 ETF IWL NYSEARCA US Market LargeCap Size USD 90.24 389 M 18.2% 34%   5% -33%
iShares Russell Top 200 Growth ETF IWY NYSEARCA US Market LargeCap Size USD 130.52 1.7 B 30.2% 35%   5% -31%
iShares Russell Top 200 Value ETF IWX NYSEARCA US Market LargeCap Size USD 59.30 445 M 2.3% 35%   5% -36%
iShares S&P 100 OEF NYSEARCA US Market LargeCap Size USD 171.40 5.1 B 17.2% 34%   5% -31%
JPMorgan U.S. Momentum Factor ETF JMOM NYSEARCA US Market LargeCap Momentum USD 39.40 55 M 25.7% 33%   5% -34%
Pacer Trendpilot 100 ETF PTNQ BATS US Market LargeCap Size USD 51.74 744 M 22.5% 32%   5% -28%
Principal U.S. Mega-Cap Multi-Factor Index ETF USMC NASDAQ US Market LargeCap Size USD 35.53 1.4 B 12.2% 32%   5% -30%
SPDR Russell 1000 Momentum Focus ONEO NYSEARCA US Market LargeCap Momentum USD 87.65 313 M 11.1% 37%   5% -41%
Vanguard Mega Cap Growth Index Fund MGK NYSEARCA US Market LargeCap Size USD 199.78 5.3 B 31.6% 37%   5% -31%
Vanguard Mega Cap Index Fund MGC NYSEARCA US Market LargeCap Size USD 133.56 2.2 B 17.8% 34%   5% -33%
Vanguard Mega Cap Value Index Fund MGV NYSEARCA US Market LargeCap Size USD 89.16 2.5 B 3.7% 34%   5% -35%