FDMO vs IVV
FDMO vs IVV
Fidelity Momentum Factor ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FDMO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $957M | $865.2B | |
| Dividend Yield | 0.58% | 1.09% | |
| Holdings | 130 | 508 | |
| YTD Return | +13.70% | +13.80% | |
| 1Y Return | +22.99% | +23.70% | |
| 3Y Return (annualized) | +26.27% | +21.49% | |
| 5Y Return (annualized) | +14.52% | +13.43% | |
| Volatility (annualized) | 16.5% | 15.1% | |
| Max Drawdown | -34.2% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | May 15, 2000 |
FDMO vs IVV Performance
Fidelity Momentum Factor ETF (FDMO) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FDMO returned +22.99% while IVV returned +23.70%. Year to date, FDMO is up 13.70% versus a gain of 13.80% for IVV.
Over three years, FDMO compounded at +26.27% per year against +21.49% for IVV; over five years the annualized figures are +14.52% and +13.43% respectively. Across the full 10-year window we track, FDMO has the edge at +15.00% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDMO has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.2% for FDMO and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDMO charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FDMO currently yields 0.58% against 1.09% for IVV.
Holdings Overlap
FDMO and IVV share 81 holdings out of 549 unique holdings combined, representing a 53.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FDMO | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.33% | 7.76% | 0.43% |
| AAPL | 6.06% | 7.44% | 1.38% |
| MSFT | 4.64% | 4.57% | 0.07% |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
See all 10 holdings FDMO shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FDMO or IVV?
FDMO has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FDMO or IVV?
Over the past year FDMO returned +22.99% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), FDMO annualized +15.00% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, FDMO or IVV?
FDMO has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: FDMO -34.2% vs IVV -56.5%.
Should I hold both FDMO and IVV?
FDMO and IVV have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FDMO and IVV?
FDMO and IVV share 81 common holdings with a 53.7% weight overlap. Combined, they hold 549 unique securities.
Which pays a higher dividend, FDMO or IVV?
FDMO yields 0.58% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.