FDMO vs. SGRT

Last updated Jun 4, 2026

FDMO (Fidelity Momentum Factor ETF) and SGRT (SMART Earnings Growth 30 ETF) are both exchange-traded funds - FDMO is a Momentum fund tracking the Fidelity U.S. Momentum Factor Index, while SGRT is a Large Cap Growth Equities fund. FDMO is passively managed, while SGRT is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. FDMO charges 0.29%/yr vs 0.59%/yr for SGRT.

Performance

FDMO vs. SGRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Momentum Factor ETF (FDMO) and SMART Earnings Growth 30 ETF (SGRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDMO achieves a 15.24% return, which is significantly lower than SGRT's 51.46% return.

FDMO

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

SGRT

• 1D: 0.03%
• 1M: 14.68%
• YTD: 51.46%
• 6M: 56.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDMO vs. SGRT - Yearly Performance Comparison

	2026 (YTD)	2025
FDMO Fidelity Momentum Factor ETF	15.24%	8.13%
SGRT SMART Earnings Growth 30 ETF	51.46%	25.25%

Correlation

The correlation between FDMO and SGRT is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025	0.84

Return for Risk

FDMO vs. SGRT — 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

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. SGRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Momentum Factor ETF (FDMO) and SMART Earnings Growth 30 ETF (SGRT). 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	SGRT	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.71	—	—
Martin ratio: Return relative to average drawdown	10.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FDMO	SGRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	3.81	-2.98

Drawdowns

FDMO vs. SGRT - Drawdown Comparison

The maximum FDMO drawdown since its inception was -33.94%, which is greater than SGRT's maximum drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for FDMO and SGRT.

Drawdown Indicators

	FDMO	SGRT	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-17.87%	-16.07%
Max Drawdown (1Y) Largest decline over 1 year	-12.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	—	—
Current Drawdown Current decline from peak	-0.32%	0.00%	-0.32%
Average Drawdown Average peak-to-trough decline	-5.42%	-3.11%	-2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	—	—

Volatility

Volatility by Period

	FDMO	SGRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	33.41%	-16.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	33.41%	-14.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.51%	33.41%	-13.90%

FDMO vs. SGRT - Expense Ratio Comparison

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

Dividends

FDMO vs. SGRT - Dividend Comparison

FDMO's dividend yield for the trailing twelve months is around 0.56%, more than SGRT's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SGRT SMART Earnings Growth 30 ETF	0.11%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDMO and SGRT in my portfolio?

FDMO and SGRT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDMO or SGRT?

On fees, FDMO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDMO or SGRT?

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

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

FDMO has the higher dividend yield at 0.56%, compared with 0.11% for SGRT.

What is the main difference between FDMO and SGRT?

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