FDMO
Fidelity Momentum Factor ETF
The Fidelity Momentum Factor ETF tracks an index large-cap US stocks selected for positive momentum signals.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 813.5 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Sep 12, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 8.7 % |
| NVIDIA CORP | 8.3 % |
| ALPHABET INC. CLASS A | 4.7 % |
| AMAZON.COM INC | 3.6 % |
| MICRON TECHNOLOGY INC | 2.6 % |
| ADVANCED MICRO DEVICES | 2.4 % |
| ELI LILLY & CO | 2.2 % |
| MODERNA, INC. | 2.2 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.9 % |
| TESLA MOTORS INC | 1.9 % |
Constituent Breakdown
| Number of holdings | 138 |
| Herfindahl-Hirschman Index | 256 |
| Wgt avg mkt cap (mns) | $1,440,244 |
| Large cap (>$10bn) | 96.0% |
| Mid cap ($2-10bn) | 3.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.3 % |
 |
IRELAND | 2.0 % |
 |
BRITAIN | 0.7 % |
 |
SWITZERLAND | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.1% | 14.2% | 19.8% | 26.7% | 14.2% | 14.1% | -- | 14.1% |
| Dividend Yield | 0.3% | 0.6% | 0.9% | 0.9% | 1.0% | 1.1% | -- | 1.1% |
| Total Returns | 13.5% | 14.8% | 20.7% | 27.6% | 15.1% | 15.2% | -- | 15.2% | Ann. Volatility | 20.2% | 19.6% | 21.1% | 19.4% | 19.5% | 19.6% | -- | 19.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.36 | 80% |
| MSCI EAFE | 0.92 | 55% |
| MSCI Emg Mkts | 0.65 | 71% |
Liquidity Measures
| Avg. volume (000) | 46 |
| ADV traded (mns) | $4 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $93.37 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -1.00/-0.79 |
| Bollinger Bands (Upper/Lower) | $97.95/$89.01 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDMO |
Expenses vs. FDMO |
ALTAR Score™ vs. FDMO |
|---|---|---|---|---|
| GFGF | Guru Favorite Stocks ETF Guru Favorite Stocks Fund | 58.7% | +51 bp | +1.6% |
| MMTM | State Street SPDR S&P 1500 Momentum Tilt ETF | 56.5% | -3 bp | +1.2% |
| MGC | Vanguard Mega Cap ETF | 56.0% | -10 bp | +1.2% |
| QVML | Invesco S&P 500 QVM Multi-factor ETF | 55.9% | -4 bp | +1.4% |
| IWL | iShares Russell Top 200 ETF | 55.7% | 0 bp | +1.1% |
| XLG | Invesco S&P 500 Top 50 ETF | 55.4% | +5 bp | +1.0% |
| OEF | iShares S&P 100 ETF | 54.9% | +5 bp | +1.1% |
| RAUS | RACWI US ETF | 54.2% | 0 bp | +1.4% |
| SPXV | ProShares S&P 500 Ex-Health Care ETF | 52.8% | -2 bp | +1.2% |
| TOV | JLens 500 Jewish Advocacy U.S. ETF | 52.8% | +3 bp | +1.1% |
Risk and Returns: FDMO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/4/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.9%
ALTAR SCORE™
22nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,394 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.1%. FDMO's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places FDMO in the 22nd percentile
among funds in the category.
Sell-Side Consensus
$110.56
PRICE TARGET
+23.7%
UPSIDE