Fidelity Momentum Factor ETF
$95.12−0.27 (−0.28%)
- 0.15%
- $870M
- +18.5%
- 0.61%
- 0.1M sh
- $95.46
- low $76.63high $98.87
The ETF.net FDMO Grade
B
Score 57 out of 100
- 13 of 30
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A81 out of 100Rank 5 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D36 out of 100Rank 22 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 18 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C40 out of 100Rank 22 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 12 of 30
Our read on FDMO
BMomentum, house-built. FDMO tracks Fidelity's own US momentum index (about 130 stocks with the wind at their back) for 0.15% a year, roughly half what the typical US factor ETF charges.
The fund seeks returns that generally correspond, before fees and expenses, to the Fidelity U.S. Momentum Factor Index.
Why people hold it
- 0.15% a year against a 0.28% median for US factor ETFs, so the momentum tilt starts with a smaller fee hurdle than most of the cohort.
- Fidelity builds the index it tracks, so the momentum recipe and the fund come from one shop instead of a licensed outside benchmark.
- Trading since 2016, which means a real record through the 2020 crash and the 2022 selloff rather than a backtest.
- Sits in the upper half of its US factor peer group, and pays shareholders quarterly.
Worth knowing
- Momentum buys what is already working. The portfolio can crowd into whatever sector is hot and reshuffle when market leadership changes.
- About 130 names, so individual stocks and sector tilts pull harder here than in a broad total-market fund.
- Moderately traded rather than a volume giant, so execution deserves more attention than with the largest factor ETFs.
FDMO Holdings
- Stocks
- 137
- 39%
- NVDA
Sectors
- Technology39.9%
- Financials11.1%
- Health Care10.3%
- Consumer Discretionary8.9%
- Communication7.8%
- Industrials7.6%
- Consumer Staples4.1%
- Energy3.9%
- Materials2.7%
- Real Estate1.9%
- Utilities1.8%
Geography
- United States96.53%
- Singapore1.24%
- Ireland0.88%
- United Kingdom0.64%
- Switzerland0.57%
- Bermuda0.14%
FDMO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FDMO$11,850
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FDMO |
|---|---|
| Year to date | +14.2% |
| 1 month | +0.9% |
| 3 months | −0.9% |
| 1 year | +18.5% |
| 3 years | +27.4% |
| 5 years | +15.1% |
| 10 years | +15.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FDMO |
|---|---|---|
| 2026 YTD | +14.2% | |
| 2025 | +21.4% | |
| 2024 | +32.8% | |
| 2023 | +24.8% | |
| 2022 | −19.3% | |
| 2021 | +22.2% | |
| 2020 | +21.7% |
FDMO in the news
FDMO Dividends
- 0.61%
- $0.59
- $0.17 per share
- Quarterly
Distribution history
FDMO Risk
- 15.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.35
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FDMO Cost
0.15%
FDMO0.15%
- The middle half of US Factor Index funds
- Median 0.30%
4 of the 30 US Factor Index funds charge less.
Other funds in US Factor Index
- BNULCNuveen ESG Large-CapExpense ratio 0.21%1 year return +22.0%
- BMTUMiShares MSCI USA Momentum Factor ETFExpense ratio 0.15%1 year return +26.9%
- CEQRRProShares - Equities for Rising Rates ETFExpense ratio 0.35%1 year return +44.4%
- CSPHBInvesco S&P 500 High Beta ETFExpense ratio 0.25%1 year return +41.2%
- CXMMOInvesco S&P MidCap Momentum ETFExpense ratio 0.34%1 year return +11.1%