Overview
The 100 S&P 500 stocks with the strongest recent price performance, volatility-adjusted and rebalanced twice a year — momentum as a pure strategy.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NVDA | NVIDIA Corp. | 8.9% |
| AVGO | Broadcom Inc. | 6.4% |
| META | Meta Platforms | 5.8% |
| JPM | JPMorgan Chase | 3.9% |
| WMT | Walmart Inc. | 3.5% |
| LLY | Eli Lilly & Co. | 3.1% |
| GE | GE Aerospace | 2.8% |
| COST | Costco Wholesale | 2.6% |
| PLTR | Palantir Technologies | 2.4% |
| NFLX | Netflix Inc. | 2.2% |
Fund Details
Investment Thesis
Momentum is the premier anomaly of the last three decades — winners keep winning longer than efficient markets say they should — and SPMO rode it from obscurity to $22B by beating the S&P 500 handily through the AI era. The strategy's known weakness is the turn: when leadership rotates violently, momentum funds get whipsawed before the semi-annual rebalance catches up.
Who It's For
Investors who want systematic exposure to market leadership without stock-picking, as a satellite to a core index fund. Expect it to shine in trending markets and lag at inflection points.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $26.78 | -- |
| 2017 | $34.28 | +28.0% |
| 2018 | $33.94 | -1.0% |
| 2019 | $42.76 | +26.0% |
| 2020 | $50.03 | +17.0% |
| 2021 | $62.54 | +25.0% |
| 2022 | $55.66 | -11.0% |
| 2023 | $65.68 | +18.0% |
| 2024 | $95.24 | +45.0% |
| 2025 | $120.00 | +26.0% |
| Year | Yield |
|---|---|
| 2016 | 1.30% |
| 2017 | 1.10% |
| 2018 | 1.30% |
| 2019 | 1.20% |
| 2020 | 1.00% |
| 2021 | 0.80% |
| 2022 | 1.10% |
| 2023 | 1.00% |
| 2024 | 0.60% |
| 2025 | 0.50% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.1B | -- |
| 2017 | $0.1B | +0.0% |
| 2018 | $0.2B | +100.0% |
| 2019 | $0.3B | +50.0% |
| 2020 | $0.4B | +33.3% |
| 2021 | $0.7B | +75.0% |
| 2022 | $0.9B | +28.6% |
| 2023 | $2B | +122.2% |
| 2024 | $10B | +400.0% |
| 2025 | $19B | +90.0% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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