FDMO
Fidelity Momentum Factor ETF
UMD
Adj. R2
0.967
Rel. Sharpe
0.980
Mkt beta
1.04
AUM
US$785M
MER
0.15%
Valuation
159
ETF comparison
Verified factor-similar pair
FDMO vs FTC
These two ETFs pass the same FF6 US similarity lane: US-listed equity ETFs, same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.
UMD
Similarity score
83
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
FTC
First Trust Large Cap Growth AlphaDEX Fund
UMD
Adj. R2
0.938
Rel. Sharpe
0.890
Mkt beta
1.06
AUM
US$1.2B
MER
0.58%
Valuation
271
Factor Exposure Match
Blue bars compare raw factor beta magnitude. Green bars compare absolute t-stat strength. Dim bars indicate the t-stat is below 1.96.
SMB
diff -0.22
HML
diff +0.12
RMW
diff -0.09
CMA
diff -0.03
UMD
diff +0.06
Why This Pair Matches
Exposure level
84
Exposure shape
77
Mkt beta diff
0.02
Rel. Sharpe diff
0.091
This comparison focuses on measured factor exposure, not a qualitative review of each fund's portfolio-construction process. Backtested relative Sharpe is included as a secondary signal, while we continue refining a comparison metric that separates factor payoff from alpha. See methodology.
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