FDMO: A Sophisticated, But Not Better Momentum ETF (NYSEARCA:FDMO)

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FDMO strategy

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) started investing operations on 9/12/2016 and tracks the Fidelity U.S. Momentum Factor Index. It has 128 holdings, a distribution yield of 0.66% and an expense ratio of 0.15%.

AsFidelity

Ticker

Name

Weight%

EPS growth %TTM

P/E TTM

P/E fwd

Yield%

MSFT

Microsoft Corp.

6.69%

25.11

35.24

34.47

0.74

AAPL

Apple, Inc.

5.81%

9.26

28.52

27.90

0.55

NVDA

NVIDIA Corp.

5.37%

585.45

74.38

35.05

0.02

GOOGL

Alphabet, Inc.

4.04%

45.00

25.65

22.36

0.48

AMZN

Amazon.com, Inc.

3.84%

763.59

52.30

41.48

0

META

Meta Platforms, Inc.

2.29%

115.95

25.96

22.40

0.44

LLY

Eli Lilly & Co.

2.19%

7.89

110.07

54.81

0.71

BRK.B

Berkshire Hathaway, Inc.

2.03%

528.99

9.06

21.91

0

AVGO

Broadcom Inc.

1.91%

-8.30

47.38

27.03

1.64

JPM

JPMorgan Chase & Co.

1.72%

22.15

11.50

11.74

2.41

FDMO

SPY

Price/Earnings TTM

26.47

24.39

Price/Book

5.82

4.26

Price/Sales

2.61

2.79

Price/Cash Flow

19.11

16.79

Earnings growth

24.95%

21.92%

Sales growth

9.69%

8.79%

Cash flow growth

19.22%

8.81%

Total Return

Annual Return

Drawdown

Sharpe ratio

Volatility

FDMO

153.95%

13.07%

-33.94%

0.7

16.78%

SPY

169.50%

13.95%

-33.72%

0.77

16.48%

FDMO

SPMO

MTUM

PDP

JMOM

VFMO

Inception

9/12/2016

10/9/2015

4/16/2013

3/1/2007

11/8/2017

2/13/2018

Expense Ratio

0.15%

0.13%

0.15%

0.62%

0.12%

0.13%

AUM

$193.16M

$1.17B

$9.68B

$1.20B

$872.92M

$534.36M

Avg Daily Volume

$1.38M

$26.27M

$167.33M

$2.26M

$8.23M

$4.71M

Number of Holdings

128

102

128

103

280

594

Assets in Top 10

35.90%

62.83%

42.77%

24.52%

19.34%

13.09%

Turnover

137.00%

81.00%

111.00%

140.00%

43.00%

73.00%

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