Dividend comparison
VFMO vs FDMO: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard U.S. Momentum Factor ETF and Fidelity Momentum Factor ETF, side by side. Updated October 21, 2026.
VFMO vs FDMO: key differences
The short answer, from the latest data on this page.
- Fees. VFMO is cheaper at 0.13% a year versus 0.15% for FDMO. On $10,000 that is $2 a year less in fees.
- Income. Their trailing yields are almost the same: 0.61% for VFMO and 0.63% for FDMO. Both pay quarterly.
- Performance. Over the last 5 years, FDMO returned 86.2% versus 70.5% for VFMO, with dividends reinvested. $10,000 would have grown to $18,623 in FDMO and $17,048 in VFMO.
- Risk. Their worst declines over the last 5 years were similar: -25.8% for VFMO and -25.4% for FDMO from peak to trough.
- Diversification. VFMO holds 638 positions and FDMO holds 130. The ten largest positions make up 10.9% of VFMO and 40.8% of FDMO.
- Overlap. At least 23% of the two portfolios overlap by weight, across 43 shared holdings.
- Dividend growth. FDMO grew its yearly payout 12.6% a year over the last 4 years, versus 10.0% for VFMO.
- Size. VFMO is the larger fund with $1.9 billion in assets, against $870 million for FDMO.
Bottom line: VFMO fits better if you care most about broader diversification. FDMO fits better if you care most about stronger 5-year returns and faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | VFMO Vanguard U.S. Momentum Factor ETF | FDMO Fidelity Momentum Factor ETF |
|---|---|---|
| Dividend yield (TTM) | 0.61% | 0.63% |
| Dividend / share (TTM) | $1.36 | $0.59 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.3074 on Sep 25, 2026 | $0.1660 on Sep 22, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 18, 2026 |
| Dividend growth (CAGR) | 10.0% over 4 yrs | 12.6% over 4 yrs |
| Price | $220.63 | $92.65 |
| Dividend growth streak | 2 years | 2 years |
| Beta | 1.32 | 1.06 |
| Max drawdown (5Y) | -25.8% | -25.4% |
| Market cap | $1.90B | $853.8M |
| Exchange | CBOE | AMEX |
| Expense ratio | 0.13% | 0.15% |
| Assets under management | $1.90B | $870.0M |
| Number of holdings | 638 | 130 |
| Top 10 concentration | 10.9% | 40.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
VFMO
$5.12/mo
$61 /yr at 0.61% yield
FDMO
$5.27/mo
$63 /yr at 0.63% yield
Dividend history
Total dividends paid per share in each calendar year. VFMO pays quarterly; FDMO pays quarterly.
| Year | VFMO | FDMO |
|---|---|---|
| 2025 | $1.5700 | $0.5140 |
| 2024 | $1.1884 | $0.6360 |
| 2023 | $1.1663 | $0.4470 |
| 2022 | $1.9669 | $0.5080 |
| 2021 | $1.0724 | $0.3200 |
Strategy: Factor and momentum
Rules-based funds that tilt toward a single trait linked to long-run returns, such as momentum, quality or low volatility. Momentum funds rebalance into recent winners, quality funds favor high profitability and strong balance sheets, and low-volatility funds pick the steadiest stocks. The same label can hide very different rules, so the index methodology matters more than the name.
Factor tilts go through long dry spells, and momentum funds can turn over quickly and get caught out when market leadership changes.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $17,048 in VFMO and $18,623 in FDMO.
| Period | VFMO | FDMO |
|---|---|---|
| 1 month | -2.94% | -1.94% |
| 3 months | -3.25% | -0.33% |
| Year to date | 15.36% | 10.35% |
| 1 year | 12.45% | 11.51% |
| 3 years | 107.63% | 105.71% |
| 5 years | 70.48% | 86.23% |
- VFMO
- FDMO
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- VFMO
- FDMO
VFMO vs FDMO holdings overlap
At least 23% overlap by weight, with 43 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | VFMO weight | FDMO weight |
|---|---|---|
| KLACKLA Corp | 1.24% | 1.29% |
| AMATApplied Materials Inc | 1.22% | 1.36% |
| MUMicron Technology Inc | 1.21% | 2.62% |
| AMDAdvanced Micro Devices Inc | 1.15% | 2.50% |
| INTCIntel Corp | 1.10% | 1.67% |
| LRCXLam Research Corp | 1.02% | 1.50% |
| GLWCorning Inc | 1.06% | 1.00% |
| WDCWestern Digital Corp | 0.98% | 1.06% |
| SNDKSandisk Corp | 0.98% | 1.53% |
| CATCaterpillar Inc | 0.82% | 0.77% |
Top 10 holdings
Largest positions by portfolio weight.
VFMO638 holdings total
Quick verdict
VFMO fits better if you care most about broader diversification. FDMO fits better if you care most about stronger 5-year returns and faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is VFMO or FDMO better for dividend income?
It depends on your goals. VFMO currently yields 0.61% Trailing Twelve Months (TTM) while FDMO yields 0.63%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between VFMO and FDMO?
Vanguard U.S. Momentum Factor ETF (VFMO) is an ETF listed on CBOE. Fidelity Momentum Factor ETF (FDMO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, VFMO or FDMO?
VFMO has the lower expense ratio. VFMO charges 0.13% a year and FDMO charges 0.15%, a difference of $2 a year on a $10,000 investment.
Which has performed better, VFMO or FDMO?
Over the last 5 years, FDMO has the higher total return with dividends reinvested: VFMO returned 70.5% and FDMO returned 86.2%. Past performance does not predict future returns.
Which is riskier, VFMO or FDMO?
Measured by the worst peak-to-trough decline over the last five years, VFMO has been riskier: VFMO fell as much as 25.8% and FDMO as much as 25.4%. Their betas are 1.32 and 1.06.
How much do VFMO and FDMO overlap?
At least 23% of the two portfolios overlap by weight, across 43 shared holdings. The largest shared positions are KLAC, AMAT, MU. Holding both still adds meaningful diversification.
How often do VFMO and FDMO pay dividends?
Both pay quarterly. The most recent payments were $0.3074 for VFMO and $0.1660 for FDMO.
How much income does $10,000 in VFMO vs FDMO generate?
At current TTM yields, $10,000 in VFMO would generate roughly $5.12 per month ($61 annually). The same amount in FDMO would produce about $5.27 per month ($63 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VFMO and FDMO?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare VFMO vs FDMO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VFMO and FDMO fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.