- ISIN
- US3160928160
- CUSIP
- 316092816
- Issuer
- Fidelity
- Inception Date
- Sep 12, 2016
- Region
- North America (U.S.)
- Category
- Momentum, Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Fidelity U.S. Momentum Factor Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $842M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FDMO Performance Chart
Fidelity Momentum Factor ETF (FDMO) is up 15.2% since the beginning of the year. FDMO is currently trading at $97 per share. Investors who bought $1,000 worth of FDMO shares 5 years ago would now be looking at an investment worth $2,132.
Loading charts...
Returns By Period
Fidelity Momentum Factor ETF (FDMO) has returned 15.24% so far this year and 32.96% over the past 12 months.
Fidelity Momentum Factor ETF
- 1D
- -0.32%
- 1M
- 7.12%
- YTD
- 15.24%
- 6M
- 14.87%
- 1Y
- 32.96%
- 3Y*
- 28.59%
- 5Y*
- 16.35%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FDMO Monthly Returns History
Based on dividend-adjusted daily data since Sep 15, 2016, FDMO's average daily return is +0.07%, while the average monthly return is +1.34%. At this rate, an investment would double in approximately 4.3 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +14.0%, while the worst month was Mar 2020 at -11.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FDMO closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +10.6%, while the worst single day was Mar 16, 2020 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.37% | -2.11% | -4.65% | 12.40% | 6.13% | 1.11% | 15.24% | ||||||
| 2025 | 4.01% | -3.01% | -7.21% | 1.68% | 8.87% | 5.50% | 2.59% | 1.93% | 5.03% | 2.32% | -0.75% | -0.41% | 21.43% |
| 2024 | 2.98% | 7.47% | 3.21% | -4.19% | 5.70% | 4.41% | -0.99% | 2.54% | 2.44% | 0.09% | 8.81% | -2.94% | 32.78% |
| 2023 | 3.47% | -1.75% | 2.92% | 1.88% | -0.01% | 6.57% | 1.79% | 0.22% | -5.21% | -2.20% | 10.91% | 4.74% | 24.79% |
| 2022 | -7.02% | -2.44% | 5.07% | -10.19% | -0.97% | -7.87% | 9.78% | -2.66% | -7.43% | 8.49% | 2.49% | -6.07% | -19.32% |
| 2021 | 1.99% | -0.51% | 0.24% | 6.26% | -1.05% | 3.21% | 2.21% | 3.61% | -4.70% | 7.39% | -0.57% | 2.76% | 22.23% |
Benchmark Metrics
Fidelity Momentum Factor ETF has an annualized alpha of 1.96%, beta of 1.01, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since September 16, 2016.
- This ETF captured 101.13% of S&P 500 Index gains but only 91.75% of its losses - a favorable profile for investors.
- With beta of 1.01 and R2 of 0.89, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.96%
- Beta
- 1.01
- R²
- 0.89
- Upside Capture
- 101.13%
- Downside Capture
- 91.75%
Expense Ratio
FDMO has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FDMO ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Momentum Factor ETF (FDMO) and compare them to S&P 500 Index.
| FDMO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.93 | -0.22 |
| Martin ratioReturn relative to average drawdown | 10.79 | 13.52 | -2.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Momentum Factor ETF provided a 0.56% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.51 | $0.62 | $0.46 | $0.51 | $0.32 | $0.34 | $0.45 | $0.36 | $0.34 | $0.12 |
Dividend yield | 0.56% | 0.61% | 0.90% | 0.87% | 1.19% | 0.60% | 0.77% | 1.23% | 1.22% | 1.09% | 0.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Momentum Factor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.51 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.31 | $0.62 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.13 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Momentum Factor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Momentum Factor ETF was 33.94%, occurring on Mar 23, 2020. Recovery took 92 trading sessions.
The current Fidelity Momentum Factor ETF drawdown is 0.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.94%Mar 2020 | 1mo 2d | 4mo 13d | 5mo 15dFeb 2020 - Aug 2020 |
Bear market2022 | -25.44%Jun 2022 | 7mo 9d | 1y 6mo | 2y 1moNov 2021 - Dec 2023 |
2025 selloff2025 | -21.88%Apr 2025 | 1mo 18d | 2mo 17d | 4mo 5dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -21.72%Dec 2018 | 2mo 23d | 5mo 18d | 8mo 11dOct 2018 - Jun 2019 |
2026 correction2026 | -12.22%Mar 2026 | 2mo | 18d | 2mo 18dJan 2026 - Apr 2026 |
Drawdown Indicators
| FDMO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -56.78% | +22.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.22% | -9.10% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -21.88% | -18.90% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -25.43% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.74% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -10.72% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 1.97% | +1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FDMO
Add Fidelity Momentum Factor ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FDMO