The Alpha Architect US Quantitative Momentum ETF (QMOM) has failed to deliver consistent alpha since its 2015 inception, with an annualized active return of -3.4% compared to the benchmark IVV. Despite a strong performance in 2020, QMOM has underperformed major ETFs like IVV, IWB, SPMO, and MTUM in 2023. Its portfolio, heavily weighted in IT with value and growth factors, shows weak quality in the current macroeconomic environment. High turnover and uncertain future portfolio exposures make it difficult to form a bearish outlook, but the ETF's recent performance suggests caution for investors.
While QMOM struggles with inconsistent alpha and high volatility, the Invesco S&P 500 Momentum ETF (SPMO) shows steady trading activity on Pluang. As of Sep 23, 2026 00:42 WIB, SPMO is priced at USD 152.80 with a modest 1-day gain of 0.43%. The ETF holds a market cap of $29.43 billion and sees a typical holding period of 51 days on the platform, with 84% of orders being sells and 16% buys, reflecting cautious investor behavior.
The Invesco S&P 500 Momentum ETF (SPMO) underwent a semi-annual reconstitution, resulting in 54 changes affecting about 40% of its portfolio. Apple and Merck were the largest additions, while Nvidia was removed despite a strong one-year gain of over ...
The Invesco S&P 500 Momentum ETF (SPMO) remains a strong buy, focusing on top-performing momentum stocks within the S&P 500. Its upcoming September rebalance is expected to increase exposure to semiconductor and energy sectors, further differentiatin...
