FDMO vs. VTI
Compare and contrast key facts about Fidelity Momentum Factor ETF (FDMO) and Vanguard Total Stock Market ETF (VTI).
FDMO and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001. Both FDMO and VTI 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 VTI.
Key characteristics
| FDMO | VTI | |
|---|---|---|
| YTD Return | 11.31% | 6.93% |
| 1Y Return | 30.31% | 24.41% |
| 3Y Return (Ann) | 8.26% | 6.83% |
| 5Y Return (Ann) | 12.21% | 12.93% |
| Sharpe Ratio | 2.33 | 2.13 |
| Daily Std Dev | 13.30% | 11.95% |
| Max Drawdown | -33.94% | -55.45% |
| Current Drawdown | -2.75% | -2.74% |
Correlation
The correlation between FDMO and VTI is 0.92, 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.
Performance
FDMO vs. VTI - Performance Comparison
In the year-to-date period, FDMO achieves a 11.31% return, which is significantly higher than VTI's 6.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDMO vs. VTI - Expense Ratio Comparison
FDMO has a 0.29% expense ratio, which is higher than VTI's 0.03% expense ratio.
Risk-Adjusted Performance
FDMO vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Momentum Factor ETF (FDMO) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
FDMO's dividend yield for the trailing twelve months is around 0.69%, less than VTI's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDMO Fidelity Momentum Factor ETF | 0.69% | 0.87% | 1.19% | 0.60% | 0.77% | 1.23% | 1.22% | 1.09% | 0.45% | 0.00% | 0.00% | 0.00% |
VTI Vanguard Total Stock Market ETF | 1.40% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
FDMO vs. VTI - Drawdown Comparison
The maximum FDMO drawdown since its inception was -33.94%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for FDMO and VTI. For additional features, visit the drawdowns tool.
Volatility
FDMO vs. VTI - Volatility Comparison
Fidelity Momentum Factor ETF (FDMO) has a higher volatility of 4.77% compared to Vanguard Total Stock Market ETF (VTI) at 3.71%. This indicates that FDMO's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.