FDMO vs SCHD
FDMO vs SCHD
Fidelity Momentum Factor ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FDMO offers more diversification with 125 holdings.
Side-by-Side Comparison
| Metric | FDMO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $957M | $103.7B | |
| Dividend Yield | 0.58% | 3.31% | |
| Holdings | 130 | 104 | |
| YTD Return | +13.70% | +24.26% | |
| 1Y Return | +22.99% | +31.38% | |
| 3Y Return (annualized) | +26.27% | +15.08% | |
| 5Y Return (annualized) | +14.52% | +9.72% | |
| Volatility (annualized) | 16.5% | 13.6% | |
| Max Drawdown | -34.2% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Oct 20, 2011 |
FDMO vs SCHD Performance
Fidelity Momentum Factor ETF (FDMO) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FDMO returned +22.99% while SCHD returned +31.38%. Year to date, FDMO is up 13.70% versus a gain of 24.26% for SCHD.
Over three years, FDMO compounded at +26.27% per year against +15.08% for SCHD; over five years the annualized figures are +14.52% and +9.72% respectively. Across the full 10-year window we track, FDMO has the edge at +15.00% annualized vs +11.39%. 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 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDMO charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, FDMO currently yields 0.58% against 3.31% for SCHD.
Holdings Overlap
FDMO and SCHD share 4 holdings out of 221 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
Frequently Asked Questions
Which is cheaper, FDMO or SCHD?
FDMO has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FDMO or SCHD?
Over the past year FDMO returned +22.99% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), FDMO annualized +15.00% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FDMO or SCHD?
FDMO has been the more volatile fund at 16.5% annualized versus 13.6% for SCHD. Worst drawdown: FDMO -34.2% vs SCHD -33.4%.
Should I hold both FDMO and SCHD?
FDMO and SCHD have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDMO and SCHD?
FDMO and SCHD share 4 common holdings with a 2.3% weight overlap. Combined, they hold 221 unique securities.
Which pays a higher dividend, FDMO or SCHD?
FDMO yields 0.58% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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