MarketDesk Focused U.S. Momentum ETF (FMTM)
NASDAQ (NMS) NASDAQ (NMS) Primary 
FMTM: September Changes Indicate Short-Term Momentum Signals Can Get Noisy
MarketDesk Focused U.S. Momentum ETF (FMTM) rapidly changed gears this September, now favoring small/mid-cap companies in the Health Care sector. FMTM's TTM P/E ratio dropped from 33.99x to 25.98x in two months, reflecting significant turnover. Its overlap with SPMO is now just 1%. My momentum analysis indicate these changes were primarily driven by three-month returns, which I consider too noisy to be relevant.
FMTM: Top-Performing Momentum ETF Might Come With Steep Valuation Risk
MarketDesk Focused U.S. Momentum ETF has delivered a 62.89% return since inception, outperforming nearly every other large-cap momentum ETF on the market. FMTM's quantitative, high-active-share strategy captures strong earnings growth trends, yet quality screens are only adequate, not robust. Portfolio concentration in technology and industrials, elevated volatility, and a 33.99x TTM P/E raise drawdown and valuation risk.
FMTM: The ETF That Is Both Quality And Momentum That I Didn't Think Existed
MarketDesk Focused US Momentum ETF blends quality and momentum factors via a quantitative, monthly-rebalanced, equal-weighted approach targeting US stocks. FMTM's strategy dampens volatility versus classic momentum ETFs, achieving a standard deviation of 18 versus SPMO's 24, while maintaining competitive returns. The fund's high turnover (398% annualized) and dynamic sector allocation enhance diversification and reduce portfolio overlap with traditional momentum or S&P 500 ETFs.
