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FDMO vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDMO vs. XSVM

Last updated Aug 4, 2026
Documentation

FDMO (Fidelity Momentum Factor ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both Momentum funds - FDMO tracks the Fidelity U.S. Momentum Factor Index while XSVM tracks the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 5 years, FDMO returned 14.22%/yr vs 10.26%/yr for XSVM. Their 0.57 correlation means they have sometimes moved together and sometimes differently. FDMO charges 0.29%/yr vs 0.37%/yr for XSVM.

Performance

FDMO vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Momentum Factor ETF (FDMO) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FDMO achieves a 11.50% return, which is significantly lower than XSVM's 27.31% return.

FDMO

1D
1.29%
1M
-1.50%
6M
8.79%
YTD
11.50%
1Y
22.87%
3Y*
25.49%
5Y*
14.22%
10Y*
—
ALL TIME*
15.38%

XSVM

1D
1.19%
1M
3.59%
6M
17.18%
YTD
27.31%
1Y
43.31%
3Y*
15.08%
5Y*
10.26%
10Y*
13.04%
ALL TIME*
9.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FDMO

Fidelity Momentum Factor ETF
$8.23M$8.36M$6.07M

XSVM

Invesco S&P SmallCap Value with Momentum ETF
$2.64M$2.37M$2.08M

FDMO vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDMO
Fidelity Momentum Factor ETF		11.50%21.43%32.78%24.79%-19.32%22.23%21.71%25.29%-4.13%23.93%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		27.31%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between FDMO and XSVM is 0.41, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.41

Correlation (3Y)
Balances recent behavior with more history.

0.52

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.62

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2016

0.57

The correlation between FDMO and XSVM shifts across timeframes, from 0.41 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

FDMO vs. XSVM - Sectors Allocation Comparison

Sectors
FDMO
XSVM

Technology

39.9%
2.6%

Financial Services

11.6%
45.1%

Healthcare

9.3%
1.7%

Industrials

9.3%
5.3%

Consumer Cyclical

8.9%
18.1%

Communication Services

8.4%
2.6%

Consumer Defensive

3.8%
4.1%

Energy

2.9%
5.7%

Utilities

2.1%
2.1%

Real Estate

2.0%
9.7%

Basic Materials

1.9%
3.0%

Technology

FDMO
39.9%
XSVM
2.6%

Financial Services

FDMO
11.6%
XSVM
45.1%

Healthcare

FDMO
9.3%
XSVM
1.7%

Industrials

FDMO
9.3%
XSVM
5.3%

Consumer Cyclical

FDMO
8.9%
XSVM
18.1%

Communication Services

FDMO
8.4%
XSVM
2.6%

Consumer Defensive

FDMO
3.8%
XSVM
4.1%

Energy

FDMO
2.9%
XSVM
5.7%

Utilities

FDMO
2.1%
XSVM
2.1%

Real Estate

FDMO
2.0%
XSVM
9.7%

Basic Materials

FDMO
1.9%
XSVM
3.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Momentum Factor ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with FDMO:
FDMO vs. SPMOFDMO vs. VOOFDMO vs. JEPQFDMO vs. FMTMFDMO vs. FTECFDMO vs. SCHGFDMO vs. VFMO
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

FDMO vs. XSVM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FDMO
FDMO Risk / Return Rank: 4949
Overall Rank
FDMO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
FDMO Sortino Ratio Rank: 4646
Sortino Ratio Rank
FDMO Omega Ratio Rank: 4545
Omega Ratio Rank
FDMO Calmar Ratio Rank: 5252
Calmar Ratio Rank
FDMO Martin Ratio Rank: 5555
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 9191
Overall Rank
XSVM Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 9393
Sortino Ratio Rank
XSVM Omega Ratio Rank: 9090
Omega Ratio Rank
XSVM Calmar Ratio Rank: 9292
Calmar Ratio Rank
XSVM Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDMO vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Momentum Factor ETF (FDMO) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

FDMOXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.20
2.45

-1.25

Sortino ratioReturn per unit of downside risk
1.72
3.53

-1.81

Omega ratioGain probability vs. loss probability

1.21

1.43

-0.22

Calmar ratioReturn relative to maximum drawdown

1.88

4.32

-2.44

Martin ratioReturn relative to average drawdown

6.60

13.79

-7.20

FDMO vs. XSVM - Sharpe Ratio Comparison

The current FDMO Sharpe Ratio is 1.20, which is lower than the XSVM Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of FDMO and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FDMO vs. XSVM - Drawdown Comparison

The maximum FDMO drawdown since its inception was -33.94%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for FDMO and XSVM.

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Drawdown Indicators

FDMOXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-33.94%

-62.57%

+28.63%

Max Drawdown (1Y)

Largest decline over 1 year

-12.22%

-10.08%

-2.14%

Max Drawdown (3Y)

Largest decline over 3 years

-21.88%

-26.21%

+4.33%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-26.21%

+0.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.02%

—

Current Drawdown

Current decline from peak

-5.32%

-0.28%

-5.04%

Average Drawdown

Average peak-to-trough decline

-5.38%

-11.48%

+6.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.48%

3.15%

+0.33%

Volatility

FDMO vs. XSVM - Volatility Comparison

Fidelity Momentum Factor ETF (FDMO) has a higher volatility of 6.48% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.25%. This indicates that FDMO's price experiences larger fluctuations and is considered to be riskier than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDMOXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.48%

4.25%

+2.23%

Volatility (6M)

Calculated over the trailing 6-month period

15.86%

11.78%

+4.08%

Volatility (1Y)

Calculated over the trailing 1-year period

19.18%

17.83%

+1.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.46%

22.34%

-2.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.63%

25.01%

-5.38%

FDMO vs. XSVM - Expense Ratio Comparison

FDMO has a 0.29% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

FDMO vs. XSVM - Dividend Comparison

FDMO's dividend yield for the trailing twelve months is around 0.61%, less than XSVM's 1.73% yield.

PositionTTM20252024202320222021202020192018201720162015
FDMO
Fidelity Momentum Factor ETF		0.61%0.61%0.90%0.87%1.19%0.60%0.77%1.23%1.22%1.09%0.45%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.73%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

FDMO and XSVM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDMO has higher volatility (6.48%) compared to XSVM (4.25%). In terms of maximum drawdown, FDMO dropped -33.94% vs XSVM's -62.57%.

On 5-year performance, FDMO leads with 14.22% vs 10.26% for XSVM. On fees, FDMO is cheaper at 0.29% per year. On volatility, XSVM has been the lower-risk option at 4.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDMO has performed better with a 14.22% return vs 10.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDMO is cheaper with a 0.29% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.73%, compared with 0.61% for FDMO.

FDMO tracks Fidelity U.S. Momentum Factor Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.29% for FDMO and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.45 vs 1.20), 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.

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