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 30.80 4.3 M 27.1 % Neutral 21 %   4 % -11 %
Fidelity Momentum Factor ETF FDMO NYSEARCA US Market LargeCap Momentum USD 50.02 86 M 30.7 % Neutral 20 %   6 % -12 %
First Trust Dorsey Wright Peoples Portfolio ETF DWPP NYSEARCA US Market LargeCap Momentum USD 33.15 63 M 31.1 % Weak Up 16 %   4 % -9 %
First Trust Nasdaq-100 Equal Weighted Index Fund QQEW NASDAQ US Market LargeCap Size USD 113.78 843 M 38.9 % Weak Up 19 %   6 % -10 %
Invesco QQQ Trust QQQ NASDAQ Global Markets InvestableMkt LargeCap USD 368.20 85 B 44.6 % Weak Up 22 %   7 % -13 %
Invesco S&P 100® Equal Weight ETF EQWL NYSEARCA US Market LargeCap EqWeights USD 81.71 56 M 43.0 % Neutral 15 %   4 % -8 %
Invesco S&P 500® Momentum Portfolio SPMO NYSEARCA US Market LargeCap Momentum USD 61.20 58 M 35.0 % Weak Up 20 %   6 % -11 %
Invesco S&P 500® Top 50 ETF XLG NYSEARCA US Market LargeCap USD 338.63 916 M 38.5 % Weak Up 17 %   5 % -11 %
iShares Edge MSCI USA Momentum Factor ETF MTUM NYSEARCA US Market LargeCap Momentum USD 174.86 10 B 27.7 % Neutral 23 %   7 % -16 %
iShares Russell Top 200 ETF IWL NYSEARCA US Market LargeCap Size USD 106.08 389 M 39.0 % Weak Up 16 %   5 % -10 %
iShares Russell Top 200 Growth ETF IWY NYSEARCA US Market LargeCap Size USD 158.68 1.7 B 44.1 % Weak Up 20 %   6 % -12 %
iShares Russell Top 200 Value ETF IWX NYSEARCA US Market LargeCap Size USD 66.73 445 M 32.9 % Neutral 14 %   3 % -7 %
iShares S&P 100 OEF NYSEARCA US Market LargeCap Size USD 203.32 5.1 B 39.1 % Weak Up 16 %   5 % -10 %
JPMorgan U.S. Momentum Factor ETF JMOM NYSEARCA US Market LargeCap Momentum USD 44.59 55 M 38.8 % Weak Up 18 %   5 % -11 %
Pacer Trendpilot 100 ETF PTNQ BATS US Market LargeCap Size USD 56.49 744 M 28.2 % Weak Up 16 %   5 % -13 %
Principal U.S. Mega-Cap ETF USMC NASDAQ US Market LargeCap LowVolatility USD 40.96 1.4 B 32.7 % Weak Up 14 %   4 % -9 %
SPDR Russell 1000 Momentum Focus ONEO NYSEARCA US Market LargeCap Momentum USD 98.87 313 M 39.9 % Neutral 16 %   4 % -8 %
Vanguard Mega Cap Growth Index Fund MGK NYSEARCA US Market LargeCap Size USD 242.95 5.3 B 43.4 % Weak Up 20 %   6 % -12 %
Vanguard Mega Cap Index Fund MGC NYSEARCA US Market LargeCap Size USD 157.12 2.2 B 39.5 % Weak Up 15 %   5 % -10 %
Vanguard Mega Cap Value Index Fund MGV NYSEARCA US Market LargeCap Size USD 100.35 2.5 B 34.5 % Neutral 14 %   3 % -7 %