FDMO
Fidelity Momentum Factor ETF
The Fidelity Momentum Factor ETF tracks an index large-cap US stocks selected for positive momentum signals.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 921.2 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Sep 12, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 8.3 % |
| APPLE INC | 7.3 % |
| ALPHABET INC. CLASS A | 5.5 % |
| MICRON TECHNOLOGY INC | 3.9 % |
| BROADCOM INC. | 3.7 % |
| AMAZON.COM INC | 3.6 % |
| SANDISK CORP ORDINARY SHARES | 2.2 % |
| APPLIED MATERIALS INC | 2.2 % |
| META PLATFORMS INC | 2.1 % |
| LAM RESEARCH CORP | 2.1 % |
Constituent Breakdown
| Number of holdings | 142 |
| Herfindahl-Hirschman Index | 269 |
| Wgt avg mkt cap (mns) | $1,415,632 |
| Large cap (>$10bn) | 98.2% |
| Mid cap ($2-10bn) | 3.2% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 101.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 97.2 % |
 |
IRELAND | 2.5 % |
 |
BRITAIN | 2.2 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.7% | 18.4% | 20.9% | 23.2% | 13.1% | -- | -- | 14.0% |
| Dividend Yield | 0.3% | 0.8% | 1.0% | 1.0% | 1.0% | -- | -- | 1.1% |
| Total Returns | 10.1% | 19.2% | 21.8% | 24.2% | 14.1% | -- | -- | 15.2% | Ann. Volatility | 21.6% | 19.2% | 21.5% | 19.3% | 19.5% | -- | -- | 19.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 82% |
| MSCI EAFE | 0.90 | 54% |
| MSCI Emg Mkts | 0.65 | 68% |
Liquidity Measures
| Avg. volume (000) | 84 |
| ADV traded (mns) | $8 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $93.78 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.97/-0.60 |
| Bollinger Bands (Upper/Lower) | $97.55/$90.23 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDMO |
Expenses vs. FDMO |
ALTAR Score™ vs. FDMO |
|---|---|---|---|---|
| QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 61.3% | +60 bp | +0.7% |
| PQUS | Pictet AI Enhanced US Equity ETF | 60.1% | +7 bp | +1.5% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 58.2% | 0 bp | +2.0% |
| RAUS | RACWI US ETF | 56.9% | 0 bp | +1.5% |
| FELC | Fidelity Enhanced Large Cap Core ETF | 56.9% | +3 bp | +1.8% |
| IWL | iShares Russell Top 200 ETF | 56.8% | 0 bp | +1.3% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 56.2% | +15 bp | +1.1% |
| SPXV | ProShares S&P 500 Ex-Health Care ETF | 56.2% | -6 bp | +1.4% |
| OEF | iShares S&P 100 ETF | 56.1% | +5 bp | +1.2% |
| TOV | JLens 500 Jewish Advocacy U.S. ETF | 56.0% | +3 bp | +1.3% |
Risk and Returns: FDMO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/9/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.1%
ALTAR SCORE™
15th
PERCENTILE
AVOID
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. FDMO's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places FDMO in the 15th percentile
among funds in the category.
Sell-Side Consensus
$103.56
PRICE TARGET
+8.1%
UPSIDE