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Fidelity Momentum Factor ETF (FDMO) Sharpe Ratio: 2.07

ETF · Currency in USD · Last updated Jun 23, 2026

The Fidelity Momentum Factor ETF (FDMO) seeks to track the Fidelity U.S. Momentum Factor Index, which selects large- and mid-cap U.S. stocks exhibiting strong momentum characteristics such as high recent price performance, positive earnings surprises, and lower volatility. The fund provides low-cost, single-factor momentum exposure and launched in September 2016.

FDMO's Sharpe Ratio of 2.07 indicates that for each unit of volatility, it generates 2.07 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FDMO Sharpe Ratio Rank

FDMO Sharpe Ratio Rank: 65.265
Above Average

FDMO ranks above 65.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

FDMO Sharpe Ratio Market Positioning

The chart shows FDMO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.31+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares Fidelity Momentum Factor ETF's Sharpe Ratio with other ETFs in the Momentum, Large Cap Growth Equities category across multiple time periods, showing how FDMO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
QQQAProShares Nasdaq-100 Dorsey Wright Momentum ETF3.45
PIEInvesco DWA Emerging Markets Momentum ETF3.19
DARPGrizzle Growth ETF3.18
VEGNUS Vegan Climate ETF3.00
NACPImpact Shares NAACP Minority Empowerment ETF2.96
FMTMMarketDesk Focused U.S. Momentum ETF2.86
PTFInvesco Dorsey Wright Technology Momentum ETF2.77
BIBLInspire 100 ETF2.77
HLALWahed FTSE USA Shariah ETF2.76
ULVMVictoryShares US Value Momentum ETF2.76
FDMOFidelity Momentum Factor ETF2.07

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FDMO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FDMO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FDMO fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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