ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Fidelity Investments is a major player in the ETF space, known for offering a comprehensive range of funds across diverse investment strategies and asset classes. Their lineup of 67 ETFs spans allocation, bond, dividend, equity, factor-based, income, index, international, and sector-focused strategies, with notable offerings including their Fidelity Factor and Fidelity Yield Enhanced families designed to capture specific market premiums and enhance income generation. The issuer serves both broad market investors and those seeking specialized exposure, with popular tickers like FBTC (their Bitcoin ETF) and various dividend and income-focused funds catering to different investor objectives and risk profiles.
See our curated list of related YouTube videos on FDMO.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.
See our curated list of related YouTube videos on SPMO.
Track the S&P 500 Momentum Index, providing factor exposure to the highest momentum names within the S&P 500.
Asset class
Equity
Equity
Inception date
09/12/2016
10/09/2015
Beta
1.16
1.28
Last dividend
$0.1500
$0.2450
Ex-dividend date
06/18/2026
06/22/2026
Bottom lineFDMO and SPMO are nearly interchangeable — both offer very similar exposure with very similar cost and risk. The clearest tie-breaker is cost: SPMO is cheaper at 0.13% vs 0.15%.
Most used
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
FDMO (Fidelity® Momentum Factor ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
SPMO offers the higher yield at 0.64% vs 0.63% for FDMO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPMO is cheaper with an expense ratio of 0.13% compared to 0.15%.
SPMO is the larger fund by assets ($20.3B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, FDMO would generate roughly $5.25/month, while SPMO would produce $5.33/month, at current distribution rates. Both pay quarterly distributions.
FDMO yield0.63%
SPMO yield0.64%
Monthly diff on $10K$0.08
Cost & efficiency
Over 10 years on $10,000, FDMO would cost approximately $150 in fees vs $130 for SPMO (simplified, not compounded). The $20.00 difference may be offset by yield or performance.
FDMO ER0.15%
SPMO ER0.13%
Strategy & risk
FDMO is an ETF, while SPMO tracks S&P 500 Momentum Index with an index approach. Beta is 1.16 for FDMO and 1.28 for SPMO, indicating FDMO is less volatile relative to the market.
FDMO beta1.16
SPMO beta1.28
Fund details
FDMO is managed by Fidelity Investments (launched 09/12/2016) with $900M in assets. SPMO is managed by Invesco (launched 10/09/2015) with $20.3B in assets.
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Frequently asked questions
Is FDMO or SPMO better for dividend income?
It depends on your goals. SPMO currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between FDMO and SPMO?
FDMO (Fidelity® Momentum Factor ETF) is an ETF, while SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach. They are issued by Fidelity Investments and Invesco respectively.
Can I hold both FDMO and SPMO?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, FDMO or SPMO?
FDMO has an expense ratio of 0.15% while SPMO charges 0.13%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FDMO vs SPMO generate?
At current rates, $10,000 in FDMO would generate roughly $5.25 per month ($63.00 annually). The same in SPMO would produce about $5.33 per month ($64.00 annually).
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