Fidelity Momentum Factor ETF (FDMO) Performance
FDMO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.7% since Dec 31, 2025
- 1 year
- +9.1% total return
- 5 years
- +12.7% a year
- 10 years
- +14.8% a year
- Since first price
- +14.6% a year since 2016
FDMO trailing returns vs SPY, QQQ, AGG
| Period | FDMO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.8% | −5.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.4% | −4.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.8% | +1.4% | +7.8% | +8.4% | −1.5% |
| YTD | +7.7% | +7.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.1% | +8.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +100.7%+26.1%/yr | +96.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +81.7%+12.7%/yr | +74.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +296.3%+14.8%/yr | +259.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 15, 2016 | +294.5%+14.6%/yr | +257.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FDMO vs SPY
From Sep 15, 2016: FDMO grew to $39,452, SPY to $41,546.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FDMO returns by calendar year
7 of 9 full years positive. Best 2024 (+32.8%), worst 2022 (−19.3%). 2026 is year to date.
FDMO annual returns table
| Year | FDMO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.7% | −12.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.4% | −21.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +32.8% | −10.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +24.8% | −9.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.3% | −24.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +22.2% | −12.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +21.7% | −33.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +25.3% | −6.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.1% | −21.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +23.9% | −3.2% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FDMO largest drawdowns
Now 8.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −33.9% | Mar 23, 2020 | Aug 3, 2020 | 33 days | 5 months |
| Nov 8, 2021 | −25.4% | Jun 16, 2022 | Dec 28, 2023 | 7 months | 2.1 years |
| Feb 18, 2025 | −21.9% | Apr 8, 2025 | Jun 24, 2025 | 49 days | 4 months |
| Oct 1, 2018 | −21.7% | Dec 24, 2018 | Jun 10, 2019 | 3 months | 8 months |
| Jan 28, 2026 | −12.2% | Mar 30, 2026 | Apr 17, 2026 | 2 months | 3 months |
| Feb 12, 2021 | −12.2% | Mar 8, 2021 | Apr 26, 2021 | 24 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FDMO risk statistics
| Statistic | 3 years | 5 years | 10 years |
|---|---|---|---|
| Annualized return | +27.7% | +15.2% | +15.2% |
| Volatility (annualized) | 15.9% | 17.4% | 16.4% |
| Sharpe ratio | 1.36 | 0.70 | 0.81 |
| Sortino ratio | 2.72 | 1.15 | 1.32 |
| Best month | +12.4% | +12.4% | +14.0% |
| Worst month | −7.2% | −10.2% | −11.9% |
| Best 12 months | +46.1% | +46.1% | +49.3% |
| Worst 12 months | +8.8% | −19.3% | −19.3% |
| Positive months | 69% | 62% | 67% |
| Beta vs S&P 500 | 1.18 | 1.05 | 1.01 |
| Correlation with S&P 500 | 0.93 | 0.94 | 0.94 |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FDMO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 110 | −19.3% | +18.7% | +49.3% | 85% |
| 3-year (a year) | 86 | +4.9% | +12.6% | +29.1% | 100% |
| 5-year (a year) | 62 | +6.8% | +13.7% | +17.9% | 100% |
| 10-year (a year) | 2 | +14.9% | +15.0% | +15.2% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
FDMO performance overview
Fidelity Momentum Factor ETF (FDMO) returned +9.1% over the past year and +14.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +14.6% a year, turning $10,000 into about $39,452. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.9%, from Feb 19, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. FDMO finished 7 of its 9 full calendar years with a gain; the best year was 2024 (+32.8%) and the worst 2022 (−19.3%). Volatility has been 16.4% a year.
Related: FDMO chart, FDMO holdings, FDMO dividends, FDMO valuation. See the FDMO overview for the latest quote and fund facts.
FDMO performance FAQ
What is the FDMO return over the past year?
FDMO returned +9.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.4%.
What is the average annual return of FDMO?
FDMO has returned +12.7% a year over 5 years, +14.8% a year over 10 years, +14.6% a year since September 15, 2016 (total return, distributions reinvested).
How much would $10,000 invested in FDMO be worth?
$10,000 invested in FDMO at its first recorded close on September 15, 2016 would be worth about $39,452 on October 23, 2026 with distributions reinvested.
What was the worst year for FDMO?
The worst calendar year was 2022, with a total return of −19.3%. The best was 2024 at +32.8%.
What is the biggest drawdown of FDMO?
The largest peak-to-trough decline was −33.9% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 3, 2020, 4 months after the bottom.
How volatile is FDMO?
Over the past 3 years FDMO had an annualized volatility of 15.9% and a Sharpe ratio of 1.36 (excess return over 1–3 month T-bills per unit of risk).