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Fidelity US Momentum ETF (FCMO.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 26, 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%40.47MSep 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%464.43MJun 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%1.60BFeb 2012FCMO.NEO vs WXM.TO

Best Risk-Adjusted Alternatives to FCMO.NEO

FCMO.NEO has a PortfoliosLab risk / return rank of 67. There are 6 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 88.

SymbolNameRisk / Return RankAUMInception
WXM.TO
CI Morningstar Canada Momentum Index ETF
88
1.60BFeb 2012FCMO.NEO vs WXM.TO
VMO.TO
Vanguard Global Momentum Factor ETF
85
464.43MJun 2016FCMO.NEO vs VMO.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
83
155.25MNov 2014FCMO.NEO vs ZXM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF
82
—Jun 2020FCMO.NEO vs FCCM.NEO
FCIM.NEO
Fidelity International Momentum Index ETF
80
—Jun 2020FCMO.NEO vs FCIM.NEO

Top Performing FCMO.NEO Alternatives (YTD)

FCMO.NEO is at 22.59% YTD. There are 3 ETFs in the Momentum category with higher YTD returns, going as high as 39.24%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
39.24%
40.47MSep 2019FCMO.NEO vs XMTM.TO
VMO.TO
Vanguard Global Momentum Factor ETF
30.11%
464.43MJun 2016FCMO.NEO vs VMO.TO
FCIM.NEO
Fidelity International Momentum Index ETF
24.08%
—Jun 2020FCMO.NEO vs FCIM.NEO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
16.04%
155.25MNov 2014FCMO.NEO vs ZXM.TO
WXM.TO
CI Morningstar Canada Momentum Index ETF
15.15%
1.60BFeb 2012FCMO.NEO vs WXM.TO

Lowest Volatility Alternatives to FCMO.NEO

FCMO.NEO has 19.77% 1-year volatility. There are 4 ETFs in the Momentum category with lower 1-year volatility, going as low as 15.70%.

SymbolNameVolatility 1YAUMInception
ZXM.TO
CI Morningstar International Momentum Index ETF Co...15.70%155.25MNov 2014FCMO.NEO vs ZXM.TO
WXM.TO
CI Morningstar Canada Momentum Index ETF15.77%1.60BFeb 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 ETF19.00%—Jun 2020FCMO.NEO vs FCIM.NEO
VMO.TO
Vanguard Global Momentum Factor ETF20.77%464.43MJun 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%
1.60BFeb 2012FCMO.NEO vs WXM.TO
VMO.TO
Vanguard Global Momentum Factor ETF
-10.07%
464.43MJun 2016FCMO.NEO vs VMO.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
-10.35%
155.25MNov 2014FCMO.NEO vs ZXM.TO
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
-11.42%
40.47MSep 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
78
11.50%
—Jan 2022FCMO.NEO vs FEQT.NEO
FINN.NEO
Fidelity Global Innovators ETFTechnology Equities
89
39.09%
—May 2023FCMO.NEO vs FINN.NEO
FBTC.TO
Fidelity Advantage Bitcoin ETFCryptocurrency
2
-30.05%
1.39BNov 2021FCMO.NEO vs FBTC.TO
FCUV.TO
Fidelity U.S. Value ETFLarge Cap Value Equities
86
15.76%
3.49BJun 2020FCMO.NEO vs FCUV.TO
FBAL.NEO
Fidelity All-in-One Balanced ETFDiversified Portfolio
72
7.72%
8.96BJan 2021FCMO.NEO vs FBAL.NEO
FGRO.NEO
Fidelity All-in-One Growth ETFDiversified Portfolio
75
9.86%
4.70BJan 2021FCMO.NEO vs FGRO.NEO
FCIV.TO
Fidelity International Value ETFForeign Large Cap Equities
81
15.13%
2.19BJun 2025FCMO.NEO vs FCIV.TO
FCCQ.TO
Fidelity Canadian High Quality ETFCanada Equities
71
6.07%
967.80MJan 2019FCMO.NEO vs FCCQ.TO
FCID.TO
Fidelity International High Dividend ETFDividend
71
10.07%
347.00MSep 2018FCMO.NEO vs FCID.TO
FCCV.TO
Fidelity Canadian Value ETFCanada Equities
92
14.30%
1.15BJun 2020FCMO.NEO vs FCCV.TO

Often Compared With FCMO.NEO

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

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
75
11.63%
32.85BNov 2012FCMO.NEO vs VFV.TO
SPMO
Invesco S&P 500 Momentum ETFMomentum, S&P 500
80
34.38%
21.99BOct 2015FCMO.NEO vs SPMO
FDMO
Fidelity Momentum Factor ETFMomentum, Large Cap Growth Equities
60
15.64%
903.44MSep 2016FCMO.NEO vs FDMO
FGEP.TO
Fidelity Global Equity+ Fund ETFGlobal Equities
91
17.56%
—Oct 2023FCMO.NEO vs FGEP.TO
FRNW
Fidelity Clean Energy ETFAlternative Energy Equities
77
19.27%
165.90MOct 2021FCMO.NEO vs FRNW
QQCE.TO
Invesco ESG NASDAQ 100 Index ETFNasdaq-100
69
21.06%
—Nov 2021FCMO.NEO vs QQCE.TO
FCGI.TO
Fidelity Global Monthly High Income ETFGlobal Allocation
93
8.27%
40.70MJan 2020FCMO.NEO vs FCGI.TO
FCCD.TO
Fidelity Canadian High Dividend Index ETFDividend
96
14.43%
376.10MSep 2018FCMO.NEO vs FCCD.TO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
90
11.69%
22.98BSep 1999FCMO.NEO vs XIU.TO
VFMO
Vanguard U.S. Momentum Factor ETFMomentum, Mid Cap Blend Equities
77
28.14%
1.70BFeb 2018FCMO.NEO vs VFMO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
73
20.68%
1.96BMay 2021FCMO.NEO vs QQC.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
42
15.13%
3.24BJan 2010FCMO.NEO vs ZQQ.TO
VOO
Vanguard S&P 500 ETFS&P 500
63
8.09%
1.70TSep 2010FCMO.NEO vs VOO
FCIL.NEO
Fidelity International Low Volatility ETFForeign Large Cap Equities
42
7.49%
—Jan 2019FCMO.NEO vs FCIL.NEO
FFIX.NEO
Fidelity All-in-One Fixed Income ETFGlobal Bonds
29
1.77%
—May 2025FCMO.NEO vs FFIX.NEO
XQLT.TO
iShares MSCI USA Quality Factor Index ETFLarge Cap Growth Equities
69
11.19%
254.02MSep 2019FCMO.NEO vs XQLT.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
46
15.11%
5.60BMay 2011FCMO.NEO vs XQQ.TO
FCIN.NEO
Fidelity All-International Equity ETFGlobal Equities
69
14.20%
950.90MFeb 2024FCMO.NEO vs FCIN.NEO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETFNasdaq-100
82
15.83%
59.49MNov 2025FCMO.NEO vs QQCI.TO
ZGRO.TO
BMO Growth ETFGlobal Allocation, Diversified Portfolio
81
10.99%
767.07MFeb 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