Fidelity Momentum Factor ETF
$95.63−0.98 (−1.01%)
- Expense ratio
- 0.15%
- Fund size
- $899M
- 1Y return
- +16.9%
- Yield · Last 12 months
- 0.61%
- Holdings
- 130
- Volume · 30D
- 0.1M sh
- NAV per share
- $96.17
- 52W range
The ETF.net FDMO Grade
Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 81Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 39Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 41Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 61Category rank
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
- 130
- 38%
- NVDA
Sectors
- Technology36.8%
- Financials12.0%
- Health Care10.5%
- Consumer Discr.9.3%
- Communication9.0%
- Industrials8.5%
- Cons. Staples4.1%
- Energy3.7%
- Materials2.2%
- Real Estate2.0%
- Utilities1.9%
Geography
- United States96.36%
- Singapore1.38%
- Ireland0.89%
- United Kingdom0.64%
- Switzerland0.58%
- Bermuda0.15%
FDMO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +15.6% |
| 1 month | +2.2% |
| 3 months | −1.8% |
| 1 year | +16.9% |
| 3 years | +28.2% |
| 5 years | +15.0% |
| 10 years | +15.3% |
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 | +15.6% | |
| 2025 | +21.4% | |
| 2024 | +32.8% | |
| 2023 | +24.8% | |
| 2022 | −19.3% | |
| 2021 | +22.2% | |
| 2020 | +21.7% |
FDMO in the news
ETF.net Research hasn’t filed on FDMO yet — coverage lands here as it’s written.
FDMO Dividends
- 0.61%
- $0.59
- $0.17 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.17 |
| Jun 18, 2026 | Jun 23, 2026 | $0.15 |
| Mar 20, 2026 | Mar 24, 2026 | $0.12 |
| Dec 19, 2025 | Dec 23, 2025 | $0.15 |
| Sep 19, 2025 | Sep 23, 2025 | $0.15 |
| Jun 20, 2025 | Jun 24, 2025 | $0.12 |
| Mar 21, 2025 | Mar 25, 2025 | $0.10 |
| Dec 20, 2024 | Dec 24, 2024 | $0.31 |
| Sep 20, 2024 | Sep 24, 2024 | $0.13 |
| Jun 21, 2024 | Jun 25, 2024 | $0.10 |
| Mar 15, 2024 | Mar 20, 2024 | $0.09 |
| Dec 28, 2023 | Jan 3, 2024 | $0.01 |
FDMO Risk
- 16.4%
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.
- 1.16
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
- The middle half of US Factor Index funds
- Median 0.30%
4 of the 29 US Factor Index funds charge less.