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Fidelity Momentum Factor (FDMO)Overvalued or undervalued?
Look-through valuation · Style & factor · Expense ratio 0.15 % · ISIN US3160928160
Price history (since 2016)
Monthly close since 2016. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| NVIDIA Corporation NVDA | 9.0 % | −13.1 % | 73 |
| Apple Inc. AAPL | 7.8 % | +1.6 % | 82 |
| Alphabet Inc Class A GOOGL | 5.4 % | n/a | n/a |
| Amazon.com Inc AMZN | 3.5 % | −50.8 % | 56 |
| Micron Technology Inc MU | 2.9 % | −84.1 % | 72 |
| Advanced Micro Devices Inc AMD | 2.9 % | −79.8 % | 75 |
| Intel Corporation INTC | 1.9 % | −34.5 % | 39 |
| Sandisk Corp SNDK | 1.8 % | +51.1 % | 82 |
| Lam Research Corp LRCX | 1.8 % | −16.7 % | 86 |
| Moderna Inc MRNA | 1.7 % | n/a | n/a |
| Eli Lilly and Company LLY | 1.7 % | −35.8 % | 67 |
| Applied Materials Inc AMAT | 1.7 % | −20.6 % | 76 |
| Berkshire Hathaway Inc BRK-B | 1.7 % | −23.8 % | 57 |
| Dell Technologies Inc DELL | 1.7 % | −65.8 % | 66 |
| Tesla Inc TSLA | 1.6 % | −89.1 % | 49 |
| Lumentum Holdings Inc LITE | 1.6 % | −91.2 % | 40 |
| JPMorgan Chase & Co JPM | 1.6 % | −43.2 % | 64 |
| KLA Corporation KLAC | 1.5 % | −26.0 % | 59 |
| Teradyne Inc TER | 1.3 % | −82.7 % | 74 |
| Johnson & Johnson JNJ | 1.3 % | −32.1 % | 80 |
| Ciena Corp CIEN | 1.3 % | −87.8 % | 70 |
| Seagate Technology PLC STX | 1.3 % | −70.5 % | 78 |
| Visa Inc. Class A V | 1.2 % | −44.1 % | 81 |
| Western Digital Corporation WDC | 1.2 % | −52.0 % | 82 |
| Exxon Mobil Corp XOM | 1.1 % | −48.1 % | 58 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about FDMO
Is FDMO overvalued?
What is the fair value of FDMO?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of FDMO?
What is the expense ratio of FDMO?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity® Momentum Factor ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.