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ETFs

Fidelity Momentum Factor ETF

FDMO
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 12, 2016
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$392,636
AUM
$140,795,392
Associated Index
Fidelity U.S. Momentum Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with FDMO
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What is FDMO?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

1M
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FDMO
Performance Measures**

for the time period Sep 15, 2016 to Dec 16, 2025

Returns

1M Trailing Return: 2.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -33.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.81

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.44

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFDMO

ETFs correlated to FDMO include FLQL, GAUG, GSLC

FDMO
Fidelity Covington Trust - Fidelity Momentum Factor ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FDMO is a US Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

FDMO tracks the Fidelity U.S. Momentum Factor Index.

No, FDMO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FDMO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FDMO is -0.0112%. This is the percent change in the value of FDMO over the most recent 1-month period. The 3-month return on FDMO is 0.0062%. This is the percent change in the value of FDMO over the most recent 3-month period.

The standard deviation of FDMO for the past year is 0.1525%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FDMO include SPHQ, DSI, and QUAL.

ETFs correlated to FDMO include FLQL, GAUG, and GSLC.

ETFs that are inversely correlated to FDMO include SH, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.