FDMO vs. FBCG

Last updated Jun 4, 2026

FDMO (Fidelity Momentum Factor ETF) and FBCG (Fidelity Blue Chip Growth ETF) are both exchange-traded funds - FDMO is a Momentum fund tracking the Fidelity U.S. Momentum Factor Index, while FBCG is a Large Cap Growth Equities fund actively managed by Fidelity. FDMO is passively managed, while FBCG is actively managed. Over the past 5 years, FDMO returned 16.35%/yr vs 15.84%/yr for FBCG. Their correlation of 0.91 suggests significant overlap in exposure. FDMO charges 0.29%/yr vs 0.59%/yr for FBCG.

Performance

FDMO vs. FBCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Momentum Factor ETF (FDMO) and Fidelity Blue Chip Growth ETF (FBCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FDMO having a 15.24% return and FBCG slightly higher at 15.59%.

FDMO

• 1D: -0.32%
• 1M: 7.12%
• YTD: 15.24%
• 6M: 14.87%
• 1Y: 32.96%
• 3Y*: 28.59%
• 5Y*: 16.35%
• 10Y*: —

FBCG

• 1D: -1.05%
• 1M: 7.84%
• YTD: 15.59%
• 6M: 15.51%
• 1Y: 39.38%
• 3Y*: 30.60%
• 5Y*: 15.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDMO vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FDMO Fidelity Momentum Factor ETF	15.24%	21.43%	32.78%	24.79%	-19.32%	22.23%	23.86%
FBCG Fidelity Blue Chip Growth ETF	15.59%	18.60%	39.05%	57.98%	-39.10%	21.34%	42.99%

Correlation

The correlation between FDMO and FBCG is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020	0.91

The correlation between FDMO and FBCG has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

FDMO vs. FBCG - Sectors Allocation Comparison

Sectors	FDMO	FBCG
Technology	35.7%	48.3%
Financial Services	11.7%	2.2%
Consumer Cyclical	10.1%	17.2%
Industrials	10.1%	5.7%
Communication Services	9.8%	16.6%
Healthcare	8.8%	6.7%
Consumer Defensive	4.0%	1.3%
Energy	3.5%	0.4%
Utilities	2.3%	0.5%
Real Estate	2.0%	0.7%
Basic Materials	2.0%	0.6%

Return for Risk

FDMO vs. FBCG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDMO

FDMO Risk / Return Rank: 57
FDMO Sharpe Ratio Rank: 58
FDMO Sortino Ratio Rank: 56
FDMO Omega Ratio Rank: 56
FDMO Calmar Ratio Rank: 54
FDMO Martin Ratio Rank: 60

FBCG

FBCG Risk / Return Rank: 57
FBCG Sharpe Ratio Rank: 62
FBCG Sortino Ratio Rank: 59
FBCG Omega Ratio Rank: 58
FBCG Calmar Ratio Rank: 52
FBCG Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDMO vs. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Momentum Factor ETF (FDMO) and Fidelity Blue Chip Growth ETF (FBCG). 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.

	FDMO	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.14	-0.13
Sortino ratio: Return per unit of downside risk	2.74	2.84	-0.10
Omega ratio: Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio: Return relative to maximum drawdown	2.71	2.61	+0.10
Martin ratio: Return relative to average drawdown	10.79	10.14	+0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDMO vs. FBCG - Sharpe Ratio Comparison

The current FDMO Sharpe Ratio is 2.01, which is comparable to the FBCG Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FDMO and FBCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDMO	FBCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.14	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.62	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.83	-0.01

Drawdowns

FDMO vs. FBCG - Drawdown Comparison

The maximum FDMO drawdown since its inception was -33.94%, smaller than the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for FDMO and FBCG.

Drawdown Indicators

	FDMO	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-43.56%	+9.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.22%	-15.17%	+2.95%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	-27.89%	+6.01%
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	-43.56%	+18.12%
Current Drawdown Current decline from peak	-0.32%	-1.05%	+0.73%
Average Drawdown Average peak-to-trough decline	-5.42%	-11.49%	+6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.90%	-0.84%

Volatility

FDMO vs. FBCG - Volatility Comparison

Fidelity Momentum Factor ETF (FDMO) and Fidelity Blue Chip Growth ETF (FBCG) have volatilities of 4.82% and 4.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDMO	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.79%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	13.11%	13.89%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	18.55%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	25.79%	-6.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.51%	25.72%	-6.21%

FDMO vs. FBCG - Expense Ratio Comparison

FDMO has a 0.29% expense ratio, which is lower than FBCG's 0.59% expense ratio.

Dividends

FDMO vs. FBCG - Dividend Comparison

FDMO's dividend yield for the trailing twelve months is around 0.56%, more than FBCG's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FBCG Fidelity Blue Chip Growth ETF	0.04%	0.05%	0.12%	0.02%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%
FDMO Fidelity Momentum Factor ETF	0.56%	0.61%	0.90%	0.87%	1.19%	0.60%	0.77%	1.23%	1.22%	1.09%	0.45%

Frequently Asked Questions

Can I hold both FDMO and FBCG in my portfolio?

With a correlation of 0.91, FDMO and FBCG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDMO or FBCG?

FDMO has higher volatility (4.82%) compared to FBCG (4.79%). In terms of maximum drawdown, FDMO dropped -33.94% vs FBCG's -43.56%.

Which ETF is better, FDMO or FBCG?

On 5-year performance, FDMO leads with 16.35% vs 15.84% for FBCG. On fees, FDMO is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDMO or FBCG?

Over the 5-year period, FDMO has performed better with a 16.35% return vs 15.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDMO or FBCG?

FDMO is cheaper with a 0.29% expense ratio, compared with 0.59% for FBCG.

Which ETF pays a higher dividend yield, FDMO or FBCG?

FDMO has the higher dividend yield at 0.56%, compared with 0.04% for FBCG.

What is the main difference between FDMO and FBCG?

FDMO is categorized as Momentum, while FBCG is Large Cap Growth Equities. Their fees differ too: 0.29% for FDMO and 0.59% for FBCG.

Which has better risk-adjusted returns?

FBCG currently has the higher Sharpe Ratio (2.14 vs 2.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.