MMTM vs VOO
State Street SPDR S&P 1500 Momentum Tilt ETF vs Vanguard S&P 500 ETF
Which is better, MMTM or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 40.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MMTM | VOO |
|---|---|---|
| Expense Ratio | 0.12% | 0.03%Best |
| AUM | $160M | $997.4B |
| Dividend Yield | 0.89% | 1.04% |
| Holdings | 1,472 | 509 |
| YTD Return | +4.68% | +12.50%Best |
| 1Y Return | +8.85% | +17.58%Best |
| 3Y Return (annualized) | +18.82% | +21.27%Best |
| 5Y Return (annualized) | +11.30% | +12.95%Best |
| Volatility (annualized) | 14.4% | 14.2%Best |
| Max Drawdown | -34.2%Best | -34.3% |
| $10,000 over 5 years | $17,080 | $18,384Best |
| Top 10 Weight | 40.6% | 36.4%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 24, 2012 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 25, 2012 to Sep 11, 2026 (13.9 years).
MMTM vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.9 years both funds cover.
MMTM vs VOO Performance
State Street SPDR S&P 1500 Momentum Tilt ETF (MMTM) is an ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year MMTM returned +8.85% while VOO returned +17.58%. Year to date, MMTM is up 4.68% versus a gain of 12.50% for VOO.
Over three years, MMTM compounded at +18.82% per year against +21.27% for VOO; over five years the annualized figures are +11.30% and +12.95% respectively. Across the full 14-year window we track, VOO has the edge at +13.59% annualized vs +12.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MMTM has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 14.2% for VOO. 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 -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 VOO charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, MMTM currently yields 0.89% against 1.04% for VOO.
Holdings Overlap
90.3% of MMTM's money is in holdings VOO also owns. 98.4% of VOO's money is in holdings MMTM also owns.
Most of VOO is already inside MMTM. Owning both mostly buys the same companies twice.
493 positions in common, counted across the 1,467 positions we hold weights for in MMTM and 505 in VOO, against full books of 1,472 and 509.
What only one of them owns
Our book lists 10 positions for VOO that do not appear in our book for MMTM (1.4% of the fund), and 366 for MMTM that do not appear in VOO (7.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MMTM | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 10.00% | 7.51% | 2.49% |
| AAPLApple, Inc | 5.94% | 6.59% | 0.65% |
| GOOGLAlphabet A Usd 0.001 | 5.41% | 3.25% | 2.16% |
| AVGOBroadcom Inc | 3.98% | 2.77% | 1.21% |
| GOOGAlphabet Inc | 4.11% | 2.59% | 1.52% |
| AMZNAmazon.Com Inc | 2.44% | 3.62% | 1.18% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.37% | 4.30% | 2.93% |
| MUMicron Technology, Inc. | 2.95% | 2.02% | 0.93% |
| TSLATesla Inc | 2.01% | 1.84% | 0.17% |
| AMDAdvanced Micro Devices Inc. | 2.27% | 1.47% | 0.80% |
98.4% of VOO is already inside MMTM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MMTM or VOO?
MMTM has an expense ratio of 0.12% while VOO charges 0.03%. VOO is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, MMTM or VOO?
Over the past year MMTM returned +8.85% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (14 years), MMTM annualized +12.94% vs +13.59% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MMTM or VOO?
MMTM has been the more volatile fund at 14.4% annualized versus 14.2% for VOO. Worst drawdown: MMTM -34.2% vs VOO -34.3%.
Should I hold both MMTM and VOO?
MMTM and VOO have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between MMTM and VOO?
98.4% of VOO's money is in holdings MMTM also owns. 98.4% of VOO's is in holdings MMTM also owns. They hold 493 positions in common, counted across the 1,467 positions we hold weights for in MMTM and 505 in VOO.
Which pays a higher dividend, MMTM or VOO?
MMTM yields 0.89% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than MMTM?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 40.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.