2024-02-20 04:44:35 ET
Summary
- XMMO tracks the S&P MidCap 400 Momentum Index and has shown strong performance recently, powered by an 182% YTD gain in Super Micro Computer stock.
- However, a ten-year lookback reveals more mediocre results. The Momentum Index's monthly win rate over the S&P MidCap 400 Index was just 61/120.
- Still, the data indicates it's likely superior to its benchmark. But readers shouldn't ignore ETFs focused on value, growth, and quality, either. This article highlights the performance of 33 peers.
- I've rated XMMO a hold and suggest readers wait until SMCI moves to the S&P 500 Index. Depending on the timing, it could exit XMMO as early as March or September.
Investment Thesis
Read the full article on Seeking Alpha
For further details see:
XMMO: This Mid-Cap Momentum ETF Is Surging, But Expect A Bumpy Ride Ahead