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Fidelity US Momentum ETF (FCMO.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 5, 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%45.75MSep 2019FCMO.NEO vs XMTM.TO
VMO.TO
Vanguard Global Momentum Factor ETF CAD0.38%464.43MJun 2016FCMO.NEO vs VMO.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF0.38%—Jun 2020FCMO.NEO vs FCCM.NEO
FCIM.NEO
Fidelity International Momentum Index ETF0.45%—Jun 2020FCMO.NEO vs FCIM.NEO
WXM.TO
CI Morningstar Canada Momentum Index ETF0.65%1.57BFeb 2012FCMO.NEO vs WXM.TO

Best Risk-Adjusted Alternatives to FCMO.NEO

FCMO.NEO has a PortfoliosLab risk / return rank of 65. There are 6 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
1.57BFeb 2012FCMO.NEO vs WXM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF
82
—Jun 2020FCMO.NEO vs FCCM.NEO
VMO.TO
Vanguard Global Momentum Factor ETF CAD
81
464.43MJun 2016FCMO.NEO vs VMO.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
73
124.79MNov 2014FCMO.NEO vs ZXM.TO
FCIM.NEO
Fidelity International Momentum Index ETF
70
—Jun 2020FCMO.NEO vs FCIM.NEO

Top Performing FCMO.NEO Alternatives (YTD)

FCMO.NEO is at 21.49% YTD. There are 2 ETFs in the Momentum category with higher YTD returns, going as high as 31.92%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
31.92%
45.75MSep 2019FCMO.NEO vs XMTM.TO
VMO.TO
Vanguard Global Momentum Factor ETF CAD
26.10%
464.43MJun 2016FCMO.NEO vs VMO.TO
FCIM.NEO
Fidelity International Momentum Index ETF
20.61%
—Jun 2020FCMO.NEO vs FCIM.NEO
WXM.TO
CI Morningstar Canada Momentum Index ETF
19.51%
1.57BFeb 2012FCMO.NEO vs WXM.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
12.14%
124.79MNov 2014FCMO.NEO vs ZXM.TO

Lowest Volatility Alternatives to FCMO.NEO

FCMO.NEO has 18.30% 1-year volatility. There are 4 ETFs in the Momentum category with lower 1-year volatility, going as low as 14.60%.

SymbolNameVolatility 1YAUMInception
ZXM.TO
CI Morningstar International Momentum Index ETF Co...14.60%124.79MNov 2014FCMO.NEO vs ZXM.TO
WXM.TO
CI Morningstar Canada Momentum Index ETF15.03%1.57BFeb 2012FCMO.NEO vs WXM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF15.60%—Jun 2020FCMO.NEO vs FCCM.NEO
FCIM.NEO
Fidelity International Momentum Index ETF16.65%—Jun 2020FCMO.NEO vs FCIM.NEO
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF18.60%45.75MSep 2019FCMO.NEO vs XMTM.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%
1.57BFeb 2012FCMO.NEO vs WXM.TO
VMO.TO
Vanguard Global Momentum Factor ETF CAD
-10.07%
464.43MJun 2016FCMO.NEO vs VMO.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...
-10.35%
124.79MNov 2014FCMO.NEO vs ZXM.TO
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
-11.42%
45.75MSep 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 8 categories. AUM among these funds goes as high as $8B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FEQT.NEO
Fidelity All-in-One Equity ETF FundDiversified Portfolio
72
10.90%
—Jan 2022FCMO.NEO vs FEQT.NEO
FINN.NEO
Fidelity Global Innovators ETFTechnology Equities
90
41.97%
—May 2023FCMO.NEO vs FINN.NEO
FBTC.TO
Fidelity Advantage Bitcoin ETFCryptocurrency
2
-26.46%
1.41BNov 2021FCMO.NEO vs FBTC.TO
FCUV.TO
Fidelity U.S. Value ETFLarge Cap Value Equities
82
14.86%
3.08BJun 2020FCMO.NEO vs FCUV.TO
FBAL.NEO
Fidelity All-in-One Balanced ETFDiversified Portfolio
67
7.17%
8.37BJan 2021FCMO.NEO vs FBAL.NEO
FGRO.NEO
Fidelity All-in-One Growth ETFDiversified Portfolio
70
9.39%
4.36BJan 2021FCMO.NEO vs FGRO.NEO
FCCQ.TO
Fidelity Canadian High Quality ETFCanada Equities
63
6.62%
922.80MJan 2019FCMO.NEO vs FCCQ.TO
FCIV.TO
Fidelity International Value ETFForeign Large Cap Equities
68
12.74%
2.08BJun 2025FCMO.NEO vs FCIV.TO
FCID.TO
Fidelity International High Dividend ETFDividend
68
11.02%
326.60MSep 2018FCMO.NEO vs FCID.TO
FGEP.TO
Fidelity Global Equity+ Fund ETFGlobal Equities
90
17.63%
—Oct 2023FCMO.NEO vs FGEP.TO

Often Compared With FCMO.NEO

Investors most often compare FCMO.NEO with VFV.TO, SPMO, FDMO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
78
12.72%
32.85BNov 2012FCMO.NEO vs VFV.TO
SPMO
Invesco S&P 500 Momentum ETFMomentum, S&P 500
75
28.45%
19.93BOct 2015FCMO.NEO vs SPMO
FDMO
Fidelity Momentum Factor ETFMomentum, Large Cap Growth Equities
59
15.24%
841.75MSep 2016FCMO.NEO vs FDMO
FCCV.TO
Fidelity Canadian Value ETFCanada Equities
92
16.48%
1.06BJun 2020FCMO.NEO vs FCCV.TO
FRNW
Fidelity Clean Energy ETFAlternative Energy Equities
90
33.32%
140.82MOct 2021FCMO.NEO vs FRNW
FCGI.TO
Fidelity Global Monthly High Income ETFGlobal Allocation
92
8.47%
44.70MJan 2020FCMO.NEO vs FCGI.TO
FCCD.TO
Fidelity Canadian High Dividend Index ETFDividend
95
14.86%
365.90MSep 2018FCMO.NEO vs FCCD.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETFNasdaq-100
76
22.94%
—Nov 2021FCMO.NEO vs QQCE.TO
VFMO
Vanguard U.S. Momentum Factor ETFMomentum, Mid Cap Blend Equities
69
24.71%
1.60BFeb 2018FCMO.NEO vs VFMO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
77
22.09%
1.96BMay 2021FCMO.NEO vs QQC.TO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
87
11.56%
22.52BSep 1999FCMO.NEO vs XIU.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
68
19.23%
3.25BJan 2010FCMO.NEO vs ZQQ.TO
VOO
Vanguard S&P 500 ETFS&P 500
74
11.34%
1.60TSep 2010FCMO.NEO vs VOO
FFIX.NEO
Fidelity All-in-One Fixed Income ETFGlobal Bonds
26
1.36%
—May 2025FCMO.NEO vs FFIX.NEO
FCIL.NEO
Fidelity International Low Volatility ETFForeign Large Cap Equities
22
4.76%
—Jan 2019FCMO.NEO vs FCIL.NEO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETFNasdaq-100
83
15.83%
59.49MNov 2025FCMO.NEO vs QQCI.TO
XQLT.TO
iShares MSCI USA Quality Factor Index ETFLarge Cap Growth Equities
61
10.98%
244.34MSep 2019FCMO.NEO vs XQLT.TO
FCIN.NEO
Fidelity All-International Equity ETFGlobal Equities
56
11.90%
907.70MFeb 2024FCMO.NEO vs FCIN.NEO
ZGRO.TO
BMO Growth ETFLarge Cap Growth Equities
77
11.05%
740.00MFeb 2019FCMO.NEO vs ZGRO.TO
HXQ.TO
Horizons NASDAQ-100 Index ETFNasdaq-100
76
22.16%
1.25BApr 2016FCMO.NEO vs HXQ.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