MMTM vs QQQ
MMTM vs QQQ
State Street SPDR S&P 1500 Momentum Tilt ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
MMTM has a lower expense ratio. QQQ delivered stronger 1-year returns. MMTM offers more diversification with 1482 holdings.
Side-by-Side Comparison
| Metric | MMTM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.18% | |
| AUM | $159M | $455.8B | |
| Dividend Yield | 0.86% | 0.41% | |
| Holdings | 1,488 | 108 | |
| YTD Return | +5.75% | +18.20% | |
| 1Y Return | +14.14% | +27.63% | |
| 3Y Return (annualized) | +19.05% | +25.54% | |
| 5Y Return (annualized) | +11.72% | +15.12% | |
| Volatility (annualized) | 14.5% | 30.6% | |
| Max Drawdown | -34.2% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2012 | Mar 10, 1999 |
MMTM vs QQQ Performance
State Street SPDR S&P 1500 Momentum Tilt ETF (MMTM) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MMTM returned +14.14% while QQQ returned +27.63%. Year to date, MMTM is up 5.75% versus a gain of 18.20% for QQQ.
Over three years, MMTM compounded at +19.05% per year against +25.54% for QQQ; over five years the annualized figures are +11.72% and +15.12% respectively. Across the full 14-year window we track, MMTM has the edge at +13.12% annualized vs +13.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.5% for MMTM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.2% for MMTM and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MMTM charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, MMTM currently yields 0.86% against 0.41% for QQQ.
Holdings Overlap
MMTM and QQQ share 86 holdings out of 1499 unique holdings combined, representing a 39.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MMTM | Weight in QQQ | Difference |
|---|---|---|---|
| AAPL | 6.46% | 7.46% | 1.00% |
| MSFT | 7.72% | 4.65% | 3.07% |
| NVDA | 3.37% | 7.88% | 4.51% |
| AMZN | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
See all 10 holdings MMTM shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, MMTM or QQQ?
MMTM has an expense ratio of 0.12% while QQQ charges 0.18%. MMTM is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, MMTM or QQQ?
Over the past year MMTM returned +14.14% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (14 years), MMTM annualized +13.12% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, MMTM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.5% for MMTM. Worst drawdown: MMTM -34.2% vs QQQ -83.0%.
Should I hold both MMTM and QQQ?
MMTM and QQQ have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between MMTM and QQQ?
MMTM and QQQ share 86 common holdings with a 39.6% weight overlap. Combined, they hold 1499 unique securities.
Which pays a higher dividend, MMTM or QQQ?
MMTM yields 0.86% while QQQ yields 0.41%, so MMTM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.