FCMO.NEO vs. FDMO
Compare and contrast key facts about Fidelity US Momentum ETF (FCMO.NEO) and Fidelity Momentum Factor ETF (FDMO).
FCMO.NEO and FDMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCMO.NEO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada U.S. Momentum Index. It was launched on Jun 5, 2020. FDMO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Momentum Factor Index. It was launched on Sep 12, 2016. Both FCMO.NEO and FDMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FCMO.NEO vs. FDMO - Performance Comparison
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FCMO.NEO vs. FDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCMO.NEO Fidelity US Momentum ETF | 0.94% | 14.07% | 26.59% |
FDMO Fidelity Momentum Factor ETF | -2.18% | 15.86% | 23.47% |
Different Trading Currencies
FCMO.NEO is traded in CAD, while FDMO is traded in USD. To make them comparable, the FDMO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FCMO.NEO achieves a 0.94% return, which is significantly higher than FDMO's -2.18% return.
FCMO.NEO
- 1D
- 1.46%
- 1M
- -4.10%
- YTD
- 0.94%
- 6M
- -0.31%
- 1Y
- 19.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDMO
- 1D
- 0.96%
- 1M
- -2.08%
- YTD
- -2.18%
- 6M
- -2.43%
- 1Y
- 20.78%
- 3Y*
- 24.07%
- 5Y*
- 15.58%
- 10Y*
- —
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FCMO.NEO vs. FDMO - Expense Ratio Comparison
FCMO.NEO has a 0.38% expense ratio, which is higher than FDMO's 0.29% expense ratio.
Return for Risk
FCMO.NEO vs. FDMO — Risk / Return Rank
FCMO.NEO
FDMO
FCMO.NEO vs. FDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity US Momentum ETF (FCMO.NEO) and Fidelity Momentum Factor ETF (FDMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FCMO.NEO | FDMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.95 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.42 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.73 | -0.28 |
Martin ratioReturn relative to average drawdown | 5.08 | 5.38 | -0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCMO.NEO | FDMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.95 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.83 | +0.18 |
Correlation
The correlation between FCMO.NEO and FDMO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FCMO.NEO vs. FDMO - Dividend Comparison
FCMO.NEO's dividend yield for the trailing twelve months is around 0.36%, less than FDMO's 0.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCMO.NEO Fidelity US Momentum ETF | 0.36% | 0.36% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDMO Fidelity Momentum Factor ETF | 0.66% | 0.61% | 0.90% | 0.87% | 1.19% | 0.60% | 0.77% | 1.23% | 1.22% | 1.09% | 0.45% |
Drawdowns
FCMO.NEO vs. FDMO - Drawdown Comparison
The maximum FCMO.NEO drawdown since its inception was -21.77%, smaller than the maximum FDMO drawdown of -27.57%. Use the drawdown chart below to compare losses from any high point for FCMO.NEO and FDMO.
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Drawdown Indicators
| FCMO.NEO | FDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -33.94% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -12.33% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.44% | — |
Current DrawdownCurrent decline from peak | -5.35% | -7.73% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -5.49% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 3.39% | +0.58% |
Volatility
FCMO.NEO vs. FDMO - Volatility Comparison
Fidelity US Momentum ETF (FCMO.NEO) has a higher volatility of 8.84% compared to Fidelity Momentum Factor ETF (FDMO) at 7.46%. This indicates that FCMO.NEO's price experiences larger fluctuations and is considered to be riskier than FDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCMO.NEO | FDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.84% | 7.46% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.74% | 13.47% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.21% | 21.88% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.68% | 17.22% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.68% | 17.98% | +2.70% |