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Fidelity US Momentum ETF (FCMO.NEO) Alternatives

ETF · Currency in CAD · Last updated Jul 16, 2026

The fund seeks to replicate the performance of the Fidelity Canada U.S. Momentum Index by investing primarily in equity securities of large and mid-cap U.S. companies exhibiting positive momentum signals.

Fidelity US Momentum ETF (FCMO.NEO) belongs to the Momentum category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FCMO.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FCMO.NEO

FCMO.NEO charges 0.38% annually. There is 1 ETF in the Momentum category with a lower expense ratio, going as low as 0.31%.

SymbolNameExpense RatioAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF0.31%40.63MSep 2019FCMO.NEO vs XMTM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF0.38%—Jun 2020FCMO.NEO vs FCCM.NEO
VMO.TO
Vanguard Global Momentum Factor ETF0.38%511.94MJun 2016FCMO.NEO vs VMO.TO
FCIM.NEO
Fidelity International Momentum Index ETF0.45%—Jun 2020FCMO.NEO vs FCIM.NEO
WXM.TO
CI Morningstar Canada Momentum Index ETF0.65%1.61BFeb 2012FCMO.NEO vs WXM.TO

Best Risk-Adjusted Alternatives to FCMO.NEO

FCMO.NEO has a PortfoliosLab risk / return rank of 58. There are 5 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 90.

SymbolNameRisk / Return RankAUMInception
WXM.TO
CI Morningstar Canada Momentum Index ETF
90
1.61BFeb 2012FCMO.NEO vs WXM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF
87
—Jun 2020FCMO.NEO vs FCCM.NEO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
83
150.80MNov 2014FCMO.NEO vs ZXM.TO
FCIM.NEO
Fidelity International Momentum Index ETF
78
—Jun 2020FCMO.NEO vs FCIM.NEO
VMO.TO
Vanguard Global Momentum Factor ETF
70
511.94MJun 2016FCMO.NEO vs VMO.TO

Top Performing FCMO.NEO Alternatives (YTD)

FCMO.NEO is at 20.14% YTD. There are 3 ETFs in the Momentum category with higher YTD returns, going as high as 27.67%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
27.67%
40.63MSep 2019FCMO.NEO vs XMTM.TO
VMO.TO
Vanguard Global Momentum Factor ETF
21.88%
511.94MJun 2016FCMO.NEO vs VMO.TO
FCIM.NEO
Fidelity International Momentum Index ETF
20.84%
—Jun 2020FCMO.NEO vs FCIM.NEO
WXM.TO
CI Morningstar Canada Momentum Index ETF
15.72%
1.61BFeb 2012FCMO.NEO vs WXM.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
15.31%
150.80MNov 2014FCMO.NEO vs ZXM.TO

Lowest Volatility Alternatives to FCMO.NEO

FCMO.NEO has 19.99% 1-year volatility. There are 4 ETFs in the Momentum category with lower 1-year volatility, going as low as 15.88%.

SymbolNameVolatility 1YAUMInception
ZXM.TO
CI Morningstar International Momentum Index ETF Co...15.88%150.80MNov 2014FCMO.NEO vs ZXM.TO
WXM.TO
CI Morningstar Canada Momentum Index ETF16.02%1.61BFeb 2012FCMO.NEO vs WXM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF16.44%—Jun 2020FCMO.NEO vs FCCM.NEO
FCIM.NEO
Fidelity International Momentum Index ETF19.57%—Jun 2020FCMO.NEO vs FCIM.NEO
VMO.TO
Vanguard Global Momentum Factor ETF21.72%511.94MJun 2016FCMO.NEO vs VMO.TO

Lowest Drawdown Alternatives to FCMO.NEO

FCMO.NEO has a 1-year max drawdown of -10.91%. There are 3 ETFs in the Momentum category with shallower 1-year drawdowns, going as shallow as -9.49%.

SymbolNameMax Drawdown 1YAUMInception
WXM.TO
CI Morningstar Canada Momentum Index ETF
-9.49%
1.61BFeb 2012FCMO.NEO vs WXM.TO
VMO.TO
Vanguard Global Momentum Factor ETF
-10.07%
511.94MJun 2016FCMO.NEO vs VMO.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
-10.35%
150.80MNov 2014FCMO.NEO vs ZXM.TO
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
-11.42%
40.63MSep 2019FCMO.NEO vs XMTM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF
-12.36%
—Jun 2020FCMO.NEO vs FCCM.NEO

Other ETFs from Fidelity

The 10 most viewed Fidelity ETFs shown here include FEQT.NEO, FINN.NEO, FBTC.TO and span 7 categories. AUM among these funds goes as high as $9B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FEQT.NEO
Fidelity All-in-One Equity ETF FundDiversified Portfolio
82
12.75%
—Jan 2022FCMO.NEO vs FEQT.NEO
FINN.NEO
Fidelity Global Innovators ETFGlobal Equities
89
40.98%
—May 2023FCMO.NEO vs FINN.NEO
FBTC.TO
Fidelity Advantage Bitcoin ETFCryptocurrency
2
-24.22%
1.20BNov 2021FCMO.NEO vs FBTC.TO
FCUV.TO
Fidelity U.S. Value ETFLarge Cap Value Equities
90
17.80%
3.82BJun 2020FCMO.NEO vs FCUV.TO
FBAL.NEO
Fidelity All-in-One Balanced ETFDiversified Portfolio
78
8.35%
9.45BJan 2021FCMO.NEO vs FBAL.NEO
FGRO.NEO
Fidelity All-in-One Growth ETFDiversified Portfolio
79
10.79%
4.95BJan 2021FCMO.NEO vs FGRO.NEO
FCIV.TO
Fidelity International Value ETFForeign Large Cap Equities
88
18.43%
2.31BJun 2025FCMO.NEO vs FCIV.TO
FCCQ.TO
Fidelity Canadian High Quality ETFCanada Equities
73
6.98%
993.50MJan 2019FCMO.NEO vs FCCQ.TO
FCID.TO
Fidelity International High Dividend ETFDividend
83
14.03%
347.90MSep 2018FCMO.NEO vs FCID.TO
FCCV.TO
Fidelity Canadian Value ETFCanada Equities
94
16.11%
1.19BJun 2020FCMO.NEO vs FCCV.TO

Often Compared With FCMO.NEO

Investors most often compare FCMO.NEO with SPMO, VFV.TO, FDMO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SPMO
Invesco S&P 500 Momentum ETFMomentum, S&P 500
60
26.26%
22.01BOct 2015FCMO.NEO vs SPMO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
79
13.67%
34.09BNov 2012FCMO.NEO vs VFV.TO
FDMO
Fidelity Momentum Factor ETFMomentum, Large Cap Growth Equities
52
14.29%
956.75MSep 2016FCMO.NEO vs FDMO
FGEP.TO
Fidelity Global Equity+ Fund ETFGlobal Equities
91
19.03%
—Oct 2023FCMO.NEO vs FGEP.TO
FRNW
Fidelity Clean Energy ETFAlternative Energy Equities
55
15.95%
153.82MOct 2021FCMO.NEO vs FRNW
QQCE.TO
Invesco ESG NASDAQ 100 Index ETFNasdaq-100
62
20.57%
—Nov 2021FCMO.NEO vs QQCE.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
66
19.68%
3.73BMay 2021FCMO.NEO vs QQC.TO
FCCD.TO
Fidelity Canadian High Dividend Index ETFDividend
96
16.19%
378.40MSep 2018FCMO.NEO vs FCCD.TO
FCGI.TO
Fidelity Global Monthly High Income ETFGlobal Allocation
93
9.21%
22.80MJan 2020FCMO.NEO vs FCGI.TO
VFMO
Vanguard U.S. Momentum Factor ETFMomentum, Mid Cap Blend Equities
65
22.17%
1.70BFeb 2018FCMO.NEO vs VFMO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
93
13.97%
23.77BSep 1999FCMO.NEO vs XIU.TO
VOO
Vanguard S&P 500 ETFS&P 500
70
11.30%
1.70TSep 2010FCMO.NEO vs VOO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
38
15.43%
3.09BJan 2010FCMO.NEO vs ZQQ.TO
FCIL.NEO
Fidelity International Low Volatility ETFForeign Large Cap Equities
57
10.19%
—Jan 2019FCMO.NEO vs FCIL.NEO
FFIX.NEO
Fidelity All-in-One Fixed Income ETFGlobal Bonds
36
1.12%
—May 2025FCMO.NEO vs FFIX.NEO
XQLT.TO
iShares MSCI USA Quality Factor Index ETFLarge Cap Growth Equities
75
13.47%
258.47MSep 2019FCMO.NEO vs XQLT.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
42
15.40%
5.51BMay 2011FCMO.NEO vs XQQ.TO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETFNasdaq-100
79
15.75%
63.79MNov 2025FCMO.NEO vs QQCI.TO
FCIN.NEO
Fidelity All-International Equity ETFGlobal Equities
79
15.65%
1.02BFeb 2024FCMO.NEO vs FCIN.NEO
ZGRO.TO
BMO Growth ETFGlobal Allocation, Diversified Portfolio
79
11.48%
778.93MFeb 2019FCMO.NEO vs ZGRO.TO

Compare FCMO.NEO with Any Fund or Stock

Compare FCMO.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair FCMO.NEO with funds that move differently

Fidelity US Momentum ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FCMO.NEO.

Explore FCMO.NEO Diversifiers