FDMO vs. JOET ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$70.44

Average Daily Volume

51,591

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$39.34

Average Daily Volume

25,988

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FDMO	JOET
30 Days	4.39%	4.46%
60 Days	9.57%	9.98%
90 Days	10.41%	12.40%
12 Months	43.43%	36.98%

43 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in JOET	Overlap
ALL	B	0.52%	0.78%	0.52%
AMAT	F	1.28%	0.8%	0.8%
AMZN	A	3.72%	0.84%	0.84%
ANET	C	1.39%	0.82%	0.82%
APH	B	1.38%	0.81%	0.81%
APP	B	4.07%	0.79%	0.79%
AVGO	C	2.66%	0.81%	0.81%
AXP	B	0.73%	0.81%	0.73%
BRK.A	B	1.86%	0.77%	0.77%
BSX	A	0.94%	0.8%	0.8%
CAT	B	0.72%	0.78%	0.72%
CB	C	0.6%	0.76%	0.6%
CEG	D	0.32%	0.7%	0.32%
CMG	B	0.57%	0.74%	0.57%
COIN	B	0.58%	0.72%	0.58%
COST	B	0.96%	0.8%	0.8%
CRWD	B	1.65%	0.81%	0.81%
CTAS	B	0.52%	0.8%	0.52%
DECK	B	0.5%	0.77%	0.5%
ETN	B	0.65%	0.78%	0.65%
EXR	D	0.18%	0.8%	0.18%
GD	C	0.47%	0.78%	0.47%
HIG	C	0.48%	0.79%	0.48%
IRM	D	0.18%	0.78%	0.18%
ISRG	A	1.06%	0.8%	0.8%
JPM	A	1.61%	0.78%	0.78%
KLAC	F	1.09%	0.79%	0.79%
LLY	F	1.75%	0.72%	0.72%
META	B	2.46%	0.79%	0.79%
MLM	B	0.18%	0.8%	0.18%
MSFT	C	6.44%	0.77%	0.77%
NFLX	A	0.84%	0.81%	0.81%
NVDA	A	7.63%	0.79%	0.79%
PGR	A	0.74%	0.81%	0.74%
PSA	D	0.22%	0.81%	0.22%
RSG	B	0.42%	0.8%	0.42%
SMCI	F	0.4%	0.46%	0.4%
TT	B	0.56%	0.79%	0.56%
UBER	F	0.65%	0.76%	0.65%
VRT	B	0.63%	0.79%	0.63%
WAB	B	0.48%	0.81%	0.48%
WELL	B	0.28%	0.83%	0.28%
WMT	A	0.88%	0.81%	0.81%

FDMO Overweight 80 Positions Relative to JOET

Symbol	Grade	Weight
GOOGL	C	3.52%
MU	D	1.35%
DELL	C	1.34%
GDDY	B	1.34%
V	A	1.28%
ABBV	F	1.25%
XOM	B	1.14%
HD	B	1.13%
MRK	F	1.0%
BAC	A	0.97%
WFC	A	0.9%
PG	C	0.89%
AMGN	F	0.89%
NTRA	B	0.82%
BKNG	A	0.81%
GS	B	0.79%
MCK	B	0.73%
THC	B	0.71%
CVNA	B	0.7%
GE	D	0.7%
KKR	B	0.67%
ELV	F	0.66%
C	B	0.65%
TJX	A	0.64%
RTX	D	0.63%
REGN	F	0.62%
HOOD	B	0.62%
KO	F	0.62%
HLT	A	0.57%
PM	B	0.56%
T	A	0.51%
JXN	C	0.51%
WM	A	0.5%
EME	B	0.5%
FIX	B	0.49%
VZ	D	0.49%
LIN	D	0.49%
LDOS	C	0.49%
TDG	D	0.48%
TMUS	A	0.46%
NEE	D	0.41%
ANF	C	0.41%
CSL	B	0.4%
WING	D	0.38%
WSM	F	0.38%
WMB	B	0.38%
OKE	A	0.37%
TRGP	B	0.36%
VST	B	0.34%
SFM	B	0.33%
CL	F	0.32%
SO	D	0.31%
DUK	D	0.29%
EQIX	B	0.28%
SHW	A	0.28%
FRPT	B	0.28%
MPC	D	0.27%
PSX	C	0.27%
AMT	F	0.26%
CASY	B	0.25%
DLR	C	0.24%
FANG	C	0.24%
ECL	C	0.23%
SPG	A	0.23%
FCX	F	0.23%
NRG	C	0.22%
AEP	D	0.22%
FTI	B	0.22%
PEG	C	0.22%
AVB	B	0.18%
STLD	C	0.17%
WFRD	F	0.17%
PKG	B	0.17%
ELF	C	0.16%
SLG	C	0.15%
CRS	B	0.15%
ESS	C	0.15%
AVY	F	0.14%
LAMR	D	0.14%
IFF	F	0.14%

FDMO Underweight 81 Positions Relative to JOET

Symbol	Grade	Weight
GRMN	A	-0.98%
PLTR	B	-0.91%
PH	A	-0.84%
UAL	A	-0.84%
DAL	A	-0.84%
FSLR	F	-0.84%
VMC	B	-0.84%
CMI	A	-0.84%
RCL	A	-0.83%
CPNG	B	-0.83%
DOCU	B	-0.83%
SYK	A	-0.83%
BRO	B	-0.83%
TSCO	D	-0.82%
IBKR	A	-0.82%
ROL	C	-0.82%
NOW	A	-0.82%
APO	B	-0.82%
PODD	B	-0.82%
PANW	B	-0.81%
CRM	B	-0.81%
GWW	B	-0.81%
MELI	D	-0.81%
HEI	A	-0.81%
NVR	D	-0.81%
LEN	D	-0.81%
ADSK	B	-0.81%
GM	B	-0.81%
FAST	B	-0.81%
BR	A	-0.81%
FCNCA	B	-0.8%
IT	B	-0.8%
HWM	B	-0.8%
DOV	A	-0.8%
SYF	B	-0.8%
AMP	A	-0.8%
PWR	B	-0.8%
SPGI	C	-0.8%
IR	A	-0.8%
TTD	B	-0.8%
PCAR	B	-0.8%
HBAN	A	-0.79%
CFG	B	-0.79%
RJF	A	-0.79%
DDOG	B	-0.79%
AXON	B	-0.79%
DFS	B	-0.79%
BK	B	-0.79%
ROST	D	-0.79%
NTRS	A	-0.79%
MA	B	-0.79%
PHM	D	-0.79%
SPOT	A	-0.79%
RMD	C	-0.79%
ORCL	A	-0.79%
WRB	B	-0.79%
SQ	B	-0.78%
CARR	C	-0.78%
PFG	C	-0.78%
HUBB	C	-0.78%
MTB	A	-0.78%
FITB	A	-0.78%
RF	A	-0.78%
TW	B	-0.78%
O	D	-0.77%
DHI	D	-0.77%
AFL	C	-0.77%
QCOM	F	-0.77%
FTNT	B	-0.77%
URI	B	-0.77%
TRV	B	-0.77%
CINF	A	-0.77%
NU	B	-0.76%
PYPL	A	-0.76%
ACN	B	-0.76%
XYL	F	-0.75%
ADI	D	-0.75%
ACGL	C	-0.73%
AMD	F	-0.71%
MPWR	F	-0.68%
CHKP	C	-0.66%