SPDR S&P 1500 Momentum Tilt ETF (MMTM) Performance
MMTM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.5% since Dec 31, 2025
- 1 year
- +4.8% total return
- 5 years
- +10.1% a year
- 10 years
- +14.2% a year
- Since first price
- +13.8% a year since 2012
MMTM trailing returns vs SPY, QQQ, AGG
| Period | MMTM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.5% | −3.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.5% | −1.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.7% | −4.2% | +7.8% | +8.4% | −1.5% |
| YTD | +2.5% | +1.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.8% | +3.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +72.2%+19.9%/yr | +67.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +62.0%+10.1%/yr | +52.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +277.0%+14.2%/yr | +229.8% | — | — | — |
| Since inceptionOct 25, 2012 | +509.3%+13.8%/yr | +396.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MMTM vs SPY
From Oct 25, 2012: MMTM grew to $60,934, SPY to $68,313.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MMTM returns by calendar year
11 of 13 full years positive. Best 2013 (+33.0%), worst 2022 (−16.1%). 2026 is year to date.
MMTM annual returns table
| Year | MMTM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.5% | −9.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.3% | −22.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +29.9% | −11.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.5% | −9.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.1% | −23.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.3% | −7.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +19.3% | −33.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.0% | −5.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.6% | −21.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +24.4% | −3.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +6.2% | −9.3% | +12.0% | +7.1% | +2.4% |
| 2015 | +3.8% | −11.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +14.2% | −8.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +33.0% | −5.3% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MMTM largest drawdowns
Now 7.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −33.9% | Mar 23, 2020 | Aug 3, 2020 | 33 days | 5 months |
| Jan 4, 2022 | −23.7% | Sep 30, 2022 | Dec 14, 2023 | 9 months | 1.9 years |
| Feb 19, 2025 | −22.1% | Apr 8, 2025 | Jul 25, 2025 | 48 days | 5 months |
| Oct 1, 2018 | −21.4% | Dec 24, 2018 | Jun 19, 2019 | 3 months | 9 months |
| Dec 29, 2015 | −15.7% | Feb 8, 2016 | Jul 12, 2016 | 41 days | 6 months |
| Jul 20, 2015 | −11.4% | Sep 29, 2015 | Dec 29, 2015 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MMTM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +20.7% | +12.2% | +14.3% | +14.1% |
| Volatility (annualized) | 14.3% | 16.3% | 15.7% | 14.3% |
| Sharpe ratio | 1.10 | 0.57 | 0.79 | 0.88 |
| Sortino ratio | 2.08 | 0.91 | 1.24 | 1.41 |
| Best month | +11.1% | +11.1% | +11.9% | +11.9% |
| Worst month | −7.5% | −9.6% | −11.4% | −11.4% |
| Best 12 months | +44.5% | +44.5% | +50.7% | +50.7% |
| Worst 12 months | +5.7% | −16.1% | −16.1% | −16.1% |
| Positive months | 64% | 60% | 68% | 68% |
| Beta vs S&P 500 | 1.10 | 1.01 | 0.99 | — |
| Correlation with S&P 500 | 0.96 | 0.97 | 0.97 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MMTM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 157 | −16.1% | +14.4% | +50.7% | 89% |
| 3-year (a year) | 133 | +6.6% | +12.6% | +25.1% | 100% |
| 5-year (a year) | 109 | +6.5% | +13.5% | +18.9% | 100% |
| 10-year (a year) | 49 | +10.6% | +13.0% | +15.3% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
MMTM performance overview
SPDR S&P 1500 Momentum Tilt ETF (MMTM) returned +4.8% over the past year and +14.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +13.8% a year, turning $10,000 into about $60,934. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.9%, from Feb 19, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. MMTM finished 11 of its 13 full calendar years with a gain; the best year was 2013 (+33.0%) and the worst 2022 (−16.1%). Volatility has been 14.3% a year.
Related: MMTM chart, MMTM holdings, MMTM dividends, MMTM valuation. See the MMTM overview for the latest quote and fund facts.
MMTM performance FAQ
What is the MMTM return over the past year?
MMTM returned +4.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.9%.
What is the average annual return of MMTM?
MMTM has returned +10.1% a year over 5 years, +14.2% a year over 10 years, +13.8% a year since October 25, 2012 (total return, distributions reinvested).
How much would $10,000 invested in MMTM be worth?
$10,000 invested in MMTM at its first recorded close on October 25, 2012 would be worth about $60,934 on October 23, 2026 with distributions reinvested.
What was the worst year for MMTM?
The worst calendar year was 2022, with a total return of −16.1%. The best was 2013 at +33.0%.
What is the biggest drawdown of MMTM?
The largest peak-to-trough decline was −33.9% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 3, 2020, 4 months after the bottom.
How volatile is MMTM?
Over the past 3 years MMTM had an annualized volatility of 14.3% and a Sharpe ratio of 1.10 (excess return over 1–3 month T-bills per unit of risk).