MMTMvsDMAXETF Comparison
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State Street SPDR S&P 1500 Momentum Tilt ETF (MMTM) belongs to the US Multi-Factor segment. iShares Large Cap Max Buffer Dec ETF (DMAX) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. MMTM is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.53% for DMAX. MMTM is up 4.77% year-to-date (YTD) with -$9M in YTD flows. DMAX performs worse with 4.14% YTD performance, and +$50M in YTD flows. Run a side-by-side ETF comparison of MMTM and DMAX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MMTM vs DMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMTM DMAX | -1.01%+0.37% | -3.32%+1.79% | +4.77%+4.14% | +10.34%+6.76% | +66.27%n/a | +70.04%n/a |
| Flows | MMTM DMAX | --$3M | +$220K-$2M | -$9M+$50M | +$2M+$45M | +$24M- | +$17M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMTM DMAX | +16.05%+1.88% | +15.40%+2.22% | +17.93%n/a | +18.48%n/a |
| Max drawdown | MMTM DMAX | -8.08%-0.44% | -9.89%-1.47% | -21.93%n/a | -23.80%n/a |
| Max drawdown duration | MMTM DMAX | 86d14d | 44d44d | 155dn/a | 708dn/a |
Trading data
MMTM | DMAX | |
Last sale 9/10/2026 at 3:52 PM | $302.21 | $27.67 |
| Previous close 09/09/2026 | $304.26 | $27.69 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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DMAX
is actively managed and doesn’t replicate an indexMMTM | DMAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 3:52 PM
Live
Closed
MMTM | DMAX | |
|---|---|---|
| Last price | $302.21 | $27.67 |
| 1D performance | -0.67% | -0.07% |
| AuM | $161.23 M | $136.48 M |
| E/R | 0.12% | 0.53% |
Characteristics
MMTM | DMAX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | iShares |
| Benchmark | S&P 1500 Positive Momentum Tilt Index | - |
| N° of holdings | 1473 | 501 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2012 | December 31, 2024 |
| ESG | No | No |
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Exposure
Countries
MMTM
USA
96.15%
Other
3.85%
DMAX
USA
101.93%
Other
-1.93%
Sectors
MMTM
Technology
48.6%
Finance
11.28%
Healthcare
10.09%
Industrials
9.65%
Other
20.38%
DMAX
Technology
46.39%
Finance
14.53%
Healthcare
9.31%
Consumer Non-Cycl.
9.26%
Industrials
8.12%
Other
12.39%
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Diversification
MMTM
Total weight of top 15 holdings out of 15
43.75%
DMAX
Total weight of top 15 holdings out of 15
45.18%
Top 15 holdings
Data as of July 31, 2026
MMTM
Apple, Inc.
9.15%
Alphabet, Inc.
5.46%
NVIDIA Corp.
5.45%
Alphabet, Inc.
4.16%
Broadcom Inc.
3.17%
Micron Technology, Inc.
2.71%
Advanced Micro Devices, Inc.
2.15%
Eli Lilly & Co.
2.11%
Amazon.com, Inc.
1.79%
Tesla, Inc.
1.64%
Johnson & Johnson
1.43%
Intel Corp.
1.24%
Cisco Systems, Inc.
1.13%
Applied Materials, Inc.
1.11%
Lam Research Corp.
1.07%
DMAX
Apple, Inc.
7.92%
NVIDIA Corp.
7.64%
Microsoft Corp.
5.42%
Amazon.com, Inc.
3.73%
Alphabet, Inc.
3.17%
Broadcom Inc.
2.97%
Alphabet, Inc.
2.55%
Meta Platforms, Inc.
1.92%
Micron Technology, Inc.
1.60%
JPMorgan Chase & Co.
1.52%
Berkshire Hathaway, Inc.
1.51%
Eli Lilly & Co.
1.48%
Tesla, Inc.
1.41%
Advanced Micro Devices, Inc.
1.28%
ExxonMobil Holdings Corp.
1.05%
Frequently asked questions about MMTM and DMAX
How have the MMTM and DMAX ETFs performed in 2026?
As of September 9, 2026, MMTM is up 4.77% year-to-date (YTD), while DMAX has returned 4.14%. That puts MMTM better performer ahead so far this year.
Which ETF is attracting more investor money: MMTM or DMAX?
Year-to-date, the MMTM ETF saw -$9M in flows, compared to +$50M for DMAX.
Which ETF is more volatile: MMTM or DMAX?
Over the past year, MMTM had a volatility of 15.4%, while DMAX experienced 2.22%.
Which ETF is bigger: MMTM or DMAX?
As of September 9, 2026, MMTM holds $161.23 M in assets under management (AUM), while DMAX manages $136.48 M.
What sectors do the MMTM and DMAX ETFs invest in?
MMTM leans toward sectors like Technology, Finance and Healthcare. Meanwhile, DMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the MMTM ETF and DMAX ETF?
MMTM top holdings include Apple, Inc., Alphabet, Inc. and NVIDIA Corp.. DMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: MMTM or DMAX?
MMTM holds 1478 securities with 43.75% of its assets in the top 15. DMAX has 504 securities and a top 15 weight of 45.18%.
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