Fidelity Momentum Factor ETF (FDMO) is a momentum-factor ETF. As of October 9, 2026, ETF Copilot scores FDMO 7.1 out of 10 — highest on Growth (8.6), lowest on Risk (4.2). It trades at 25.3 times earnings, against its own median of 25.2. Its ten largest holdings are 39% of the fund.
What stands out in FDMO's data
Tracks U.S. stocks selected for price trends.
Outpaced most momentum funds over the past three years — a run that has already happened, not a promise.
An annualized 28% return over three years beats the 22% category median. Return on invested capital of 29.5% signals the kind of profitability that tends to accompany strong price trends.
Functions as a high-profitability momentum allocation for a portfolio already holding broad U.S. equities.
How is FDMO rated? ETF Copilot scores Fidelity Momentum Factor ETF (FDMO) 7.1 out of 10
As of October 9, 2026, ETF Copilot scores Fidelity Momentum Factor ETF (FDMO) 7.1 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.1 / 10
- Growth: 8.6 / 10
- Value: 5.1 / 10
- Risk: 4.2 / 10
- Quality: 7.8 / 10
- Return: 8.5 / 10
Is FDMO expensive right now? It trades at 25.3 times earnings, against its own median of 25.2
As of October 9, 2026, FDMO is more expensive than 50% of its own 111 monthly readings since 2017 — 56 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FDMO? 44% Tech
What's inside FDMO: Size (Large 91%, Mid 8%, Small 0%); Geography (International 4%, US 96%); Tech 43.6%; Magnificent 7 27.5%; AI 16.9%; Semiconductors 22.4%; Memory 18.4%.
What are FDMO's top holdings? The ten largest are 39% of the fund
Nvidia, Apple, Alphabet, Amazon.com, Micron Technology, Advanced Micro Devices, Intel, Sandisk, Moderna and Eli Lilly are FDMO's largest holdings, in that order.
More concentrated than 77% of Momentum ETFs.
Half of FDMO's weight sits in its 17 largest positions, and once those weights are taken into account it behaves like 38 equally weighted holdings.
What is FDMO's expense ratio? 0.15% a year
As of October 9, 2026, FDMO charges 0.15% a year, yields 0.61% and holds $876M in assets across 134 positions.
| Measure | FDMO |
|---|---|
| Expense ratio | 0.15% |
| Dividend yield | 0.61% |
| Assets under management | $876M |
| Holdings | 134 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Fidelity Momentum Factor ETF (FDMO) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fdmo
ETF Copilot Pro unlocks FDMO's price and what each holding weighs.
Try Pro free →