FDMO vs IVV
Fidelity Momentum Factor ETF vs iShares Core S&P 500 ETF
Which is better, FDMO or IVV?
Large Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. FDMO led over 3Y, 5Y and the full window, IVV over 1Y. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 39.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FDMO | IVV |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $904M | $886.7B |
| Dividend Yield | 0.62% | 1.10% |
| Holdings | 140 | 508 |
| YTD Return | +13.02% | +13.39%Best |
| 1Y Return | +19.93% | +20.08%Best |
| 3Y Return (annualized) | +25.59%Best | +21.29% |
| 5Y Return (annualized) | +14.06%Best | +12.88% |
| Volatility (annualized) | 16.4% | 15.4%Best |
| Max Drawdown | -34.2% | -33.9%Best |
| $10,000 over 5 years | $19,305Best | $18,327 |
| Top 10 Weight | 39.6% | 37.9%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Sep 12, 2016 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2016 to Sep 4, 2026 (10 years).
FDMO vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10 years both funds cover.
FDMO vs IVV Performance
Fidelity Momentum Factor ETF (FDMO) is an ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FDMO returned +19.93% while IVV returned +20.08%. Year to date, FDMO is up 13.02% versus a gain of 13.39% for IVV.
Over three years, FDMO compounded at +25.59% per year against +21.29% for IVV; over five years the annualized figures are +14.06% and +12.88% respectively. Across the full 10-year window we track, FDMO has the edge at +14.81% annualized vs +14.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDMO has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 15.4% 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 -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.62% against 1.10% for IVV.
Holdings Overlap
88.8% of FDMO's money is in holdings IVV also owns. 53.4% of IVV's money is in holdings FDMO also owns.
Most of FDMO is already inside IVV. Owning both mostly buys the same companies twice.
97 positions in common, counted across the 136 positions we hold weights for in FDMO and 505 in IVV, against full books of 140 and 508.
What only one of them owns
Our book lists 400 positions for IVV that do not appear in our book for FDMO (46.0% of the fund), and 31 for FDMO that do not appear in IVV (8.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FDMO | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.43% | 7.98% | 0.45% |
| AAPLApple, Inc | 7.45% | 6.86% | 0.59% |
| GOOGLAlphabet Inc.Class A | 5.52% | 3.19% | 2.33% |
| AMZNAmazon.Com Inc | 3.86% | 4.01% | 0.15% |
| AVGOBroadcom Inc | 3.69% | 2.98% | 0.71% |
| MUMicron Technology, Inc. | 2.92% | 1.51% | 1.41% |
| METAMeta Platform Inc | 2.10% | 1.94% | 0.16% |
| LLYEli Lilly & Co. | 1.97% | 1.39% | 0.58% |
| JPMJpmorgan Chase | 1.83% | 1.45% | 0.38% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.82% | 1.43% | 0.39% |
88.8% of FDMO is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $12 a year on a $10,000 investment.
Which performed better, FDMO or IVV?
Over the past year FDMO returned +19.93% vs +20.08% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), FDMO annualized +14.81% vs +14.51% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDMO or IVV?
FDMO has been the more volatile fund at 16.4% annualized versus 15.4% for IVV. Worst drawdown: FDMO -34.2% vs IVV -33.9%.
Should I hold both FDMO and IVV?
FDMO and IVV have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FDMO and IVV?
88.8% of FDMO's money is in holdings IVV also owns. 53.4% of IVV's is in holdings FDMO also owns. They hold 97 positions in common, counted across the 136 positions we hold weights for in FDMO and 505 in IVV.
Which pays a higher dividend, FDMO or IVV?
FDMO yields 0.62% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than FDMO?
IVV has a lower expense ratio. FDMO led over 3Y, 5Y and the full window, IVV over 1Y. The two have moved almost in lockstep, correlation 0.95. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 39.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.