FDMO vs. ULVM ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to VictoryShares USAA MSCI USA Value Momentum ETF (ULVM)

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

$71.42

Average Daily Volume

35,646

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$86.63

Average Daily Volume

2,586

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FDMO	ULVM
30 Days	6.00%	6.04%
60 Days	8.27%	7.87%
90 Days	10.44%	10.00%
12 Months	42.98%	37.10%

42 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in ULVM	Overlap
APP	B	1.27%	0.95%	0.95%
AVGO	D	2.03%	0.43%	0.43%
AXP	A	0.9%	0.91%	0.9%
BAC	A	1.21%	0.93%	0.93%
BK	A	0.7%	1.23%	0.7%
BRK.A	B	2.14%	1.39%	1.39%
BSX	B	0.95%	1.18%	0.95%
CBRE	B	0.21%	0.77%	0.21%
COST	B	0.92%	0.95%	0.92%
CVNA	B	0.38%	0.38%	0.38%
DUK	C	0.35%	1.16%	0.35%
EME	C	0.47%	0.79%	0.47%
ESS	B	0.18%	0.88%	0.18%
GDDY	A	0.78%	0.98%	0.78%
GE	D	0.74%	0.67%	0.67%
GM	B	0.5%	0.76%	0.5%
GOOGL	C	3.54%	0.74%	0.74%
GS	A	0.99%	0.98%	0.98%
HCA	F	0.78%	0.7%	0.7%
HIG	B	0.67%	0.99%	0.67%
HWM	A	0.52%	0.64%	0.52%
IRM	D	0.19%	0.77%	0.19%
JPM	A	1.88%	1.05%	1.05%
KKR	A	0.8%	0.72%	0.72%
KMI	A	0.28%	1.42%	0.28%
LDOS	C	0.38%	1.11%	0.38%
LLY	F	1.68%	0.51%	0.51%
META	D	2.39%	0.53%	0.53%
NVDA	C	6.97%	0.42%	0.42%
PEG	A	0.28%	1.18%	0.28%
PKG	A	0.16%	1.13%	0.16%
RTX	C	0.66%	1.03%	0.66%
SPG	B	0.25%	0.86%	0.25%
SYF	B	0.72%	0.83%	0.72%
T	A	0.52%	1.07%	0.52%
THC	D	0.72%	0.56%	0.56%
TRGP	B	0.27%	1.22%	0.27%
URI	B	0.5%	0.57%	0.5%
VRT	B	0.51%	0.49%	0.49%
VST	B	0.31%	0.61%	0.31%
WELL	A	0.28%	1.2%	0.28%
WMT	A	0.86%	1.18%	0.86%

FDMO Overweight 80 Positions Relative to ULVM

Symbol	Grade	Weight
AAPL	C	6.8%
MSFT	F	6.21%
AMZN	C	3.76%
TSLA	B	2.03%
PLTR	B	1.3%
XOM	B	1.12%
COIN	C	1.09%
HD	A	1.08%
ABBV	D	1.08%
ISRG	A	1.06%
DHR	F	0.92%
PG	A	0.92%
MSI	B	0.88%
NFLX	A	0.88%
NTRA	B	0.87%
PGR	A	0.87%
FICO	B	0.86%
HOOD	B	0.83%
ANET	C	0.82%
QTWO	A	0.78%
CVLT	B	0.74%
GKOS	B	0.74%
CAT	B	0.73%
RVMD	C	0.73%
RNA	D	0.7%
UBER	D	0.67%
CVX	A	0.67%
EVR	B	0.67%
BKNG	A	0.66%
FIS	C	0.65%
TJX	A	0.61%
KO	D	0.61%
TT	A	0.59%
JXN	C	0.59%
MPWR	F	0.56%
PM	B	0.55%
CTAS	B	0.54%
CARR	D	0.51%
LIN	D	0.51%
TDG	D	0.5%
RCL	A	0.48%
FIX	A	0.47%
NEE	D	0.47%
TMUS	B	0.45%
MLI	C	0.44%
ZETA	D	0.43%
EBAY	D	0.42%
DY	D	0.42%
TRU	D	0.4%
SN	D	0.39%
MO	A	0.37%
CL	D	0.33%
TTD	B	0.32%
LUMN	C	0.32%
WMB	A	0.3%
OKE	A	0.3%
SHW	A	0.29%
CEG	D	0.29%
KMB	D	0.28%
AEP	D	0.28%
FRPT	B	0.24%
NRG	B	0.24%
TPL	A	0.24%
PSA	D	0.24%
DLR	B	0.24%
SFM	A	0.24%
ECL	D	0.23%
NEM	D	0.2%
DTM	B	0.2%
EXR	D	0.2%
EQR	B	0.19%
FTI	A	0.19%
SW	A	0.17%
JLL	D	0.16%
CRS	A	0.16%
IFF	D	0.15%
SLG	B	0.15%
VNO	B	0.15%
LPX	B	0.15%
ATI	D	0.14%

FDMO Underweight 83 Positions Relative to ULVM

Symbol	Grade	Weight
FI	A	-1.36%
L	A	-1.28%
ETR	B	-1.25%
LMT	D	-1.21%
GD	F	-1.17%
WAB	B	-1.05%
FOXA	B	-1.04%
SSNC	B	-1.03%
KR	B	-1.0%
AVB	B	-0.99%
CTSH	B	-0.97%
MCK	B	-0.95%
WFC	A	-0.94%
EQH	B	-0.93%
AIG	B	-0.93%
COF	B	-0.93%
DGX	A	-0.92%
DAL	C	-0.91%
MLM	B	-0.9%
NWSA	B	-0.9%
UAL	A	-0.89%
VICI	C	-0.89%
TSN	B	-0.89%
VZ	C	-0.88%
CI	F	-0.88%
RGA	A	-0.87%
LYB	F	-0.86%
GRMN	B	-0.85%
EXC	C	-0.85%
WY	D	-0.84%
KIM	A	-0.84%
IBM	C	-0.84%
KHC	F	-0.83%
C	A	-0.83%
DOW	F	-0.82%
APH	A	-0.82%
IR	B	-0.81%
FITB	A	-0.78%
STLD	B	-0.78%
TXT	D	-0.78%
CSL	C	-0.77%
NVR	D	-0.77%
TFC	A	-0.74%
IP	B	-0.73%
REGN	F	-0.72%
OC	A	-0.72%
VTRS	A	-0.71%
ELV	F	-0.71%
CASY	A	-0.71%
FANG	D	-0.7%
PSX	C	-0.7%
FCNCA	A	-0.69%
DD	D	-0.68%
UTHR	C	-0.68%
PFE	D	-0.68%
CFG	B	-0.67%
CRBG	B	-0.67%
KEY	B	-0.63%
VLO	C	-0.62%
HPQ	B	-0.6%
FDX	B	-0.6%
HPE	B	-0.59%
PHM	D	-0.59%
ARE	D	-0.58%
MPC	D	-0.58%
MSTR	C	-0.58%
NTAP	C	-0.57%
CVS	D	-0.56%
LEN	D	-0.55%
TOL	B	-0.54%
CNC	D	-0.54%
ALLY	C	-0.49%
F	C	-0.48%
DHI	D	-0.47%
WDC	D	-0.46%
ADM	D	-0.44%
BLDR	D	-0.42%
MU	D	-0.41%
INTC	D	-0.41%
SWKS	F	-0.39%
WSM	B	-0.39%
DELL	C	-0.34%
MRNA	F	-0.16%