FDMO vs. SCHD
Compare and contrast key facts about Fidelity Momentum Factor ETF (FDMO) and Schwab US Dividend Equity ETF (SCHD).
FDMO and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both FDMO and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDMO or SCHD.
Correlation
The correlation between FDMO and SCHD is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDMO vs. SCHD - Performance Comparison
Key characteristics
FDMO:
1.68
SCHD:
1.23
FDMO:
2.27
SCHD:
1.82
FDMO:
1.30
SCHD:
1.21
FDMO:
2.72
SCHD:
1.76
FDMO:
10.55
SCHD:
4.51
FDMO:
2.64%
SCHD:
3.11%
FDMO:
16.56%
SCHD:
11.39%
FDMO:
-33.94%
SCHD:
-33.37%
FDMO:
-4.01%
SCHD:
-3.58%
Returns By Period
In the year-to-date period, FDMO achieves a 2.53% return, which is significantly lower than SCHD's 3.26% return.
FDMO
2.53%
-2.54%
10.85%
24.79%
14.04%
N/A
SCHD
3.26%
1.04%
3.19%
12.82%
11.66%
11.15%
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FDMO vs. SCHD - Expense Ratio Comparison
FDMO has a 0.29% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
FDMO vs. SCHD — Risk-Adjusted Performance Rank
FDMO
SCHD
FDMO vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Momentum Factor ETF (FDMO) and Schwab US Dividend Equity ETF (SCHD). 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.
Dividends
FDMO vs. SCHD - Dividend Comparison
FDMO's dividend yield for the trailing twelve months is around 0.87%, less than SCHD's 3.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDMO Fidelity Momentum Factor ETF | 0.87% | 0.90% | 0.87% | 1.19% | 0.60% | 0.77% | 1.23% | 1.22% | 1.09% | 0.45% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.53% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
FDMO vs. SCHD - Drawdown Comparison
The maximum FDMO drawdown since its inception was -33.94%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FDMO and SCHD. For additional features, visit the drawdowns tool.
Volatility
FDMO vs. SCHD - Volatility Comparison
Fidelity Momentum Factor ETF (FDMO) has a higher volatility of 5.33% compared to Schwab US Dividend Equity ETF (SCHD) at 3.10%. This indicates that FDMO's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.