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% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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