HGROvsFDMOETF Comparison
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Hedgeye Quality Growth ETF (HGRO) and Fidelity Momentum Factor ETF (FDMO) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. HGRO is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.15% for FDMO. HGRO is up 6.31% year-to-date (YTD) with +$53M in YTD flows. FDMO performs better with 9.9% YTD performance, and +$220M in YTD flows. Run a side-by-side ETF comparison of HGRO and FDMO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HGRO vs FDMO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HGRO FDMO | -3.97%-6.77% | +1.00%+2.30% | +6.31%+9.90% | +13.27%+19.24% | n/a+90.85% | n/a+93.09% |
| Flows | HGRO FDMO | +$3M+$10M | +$32M+$50M | +$53M+$220M | +$99M+$285M | -+$522M | -+$516M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HGRO FDMO | +16.19%+24.29% | +14.04%+19.32% | n/a+19.44% | n/a+19.65% |
| Max drawdown | HGRO FDMO | -6.49%-9.66% | -7.61%-12.20% | n/a-21.79% | n/a-25.37% |
| Max drawdown duration | HGRO FDMO | 56d38d | 63d78d | n/a125d | n/a778d |
Trading data
HGRO | FDMO | |
Last sale 7/31/2026 at 1:30 PM | $30.25 | $92.14 |
| Previous close 07/30/2026 | $30.12 | $91.60 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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HGRO
is actively managed and doesn’t replicate an indexHGRO | FDMO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
HGRO | FDMO | |
|---|---|---|
| Last price | $30.25 | $92.14 |
| 1D performance | +0.42% | +0.59% |
| AuM | $125.70 M | $901.13 M |
| E/R | 0.7% | 0.15% |
Characteristics
HGRO | FDMO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Hedgeye Asset Management | Fidelity |
| Benchmark | - | Fidelity U.S. Momentum Factor Index |
| N° of holdings | 94 | 135 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 10, 2025 | September 12, 2016 |
| ESG | No | No |
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Exposure
Countries
HGRO
USA
88.5%
Other
11.5%
FDMO
USA
97.29%
Other
2.71%
Sectors
HGRO
Technology
36.52%
Finance
14.41%
Healthcare
11.17%
Industrials
9.38%
Consumer Non-Cycl.
8.25%
Other
20.27%
FDMO
Technology
43.98%
Finance
14.2%
Healthcare
9.59%
Industrials
9.26%
Consumer Non-Cycl.
8.51%
Other
14.47%
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Diversification
HGRO
Total weight of top 15 holdings out of 15
46.02%
FDMO
Total weight of top 15 holdings out of 15
46.45%
Top 15 holdings
Data as of June 30, 2026
HGRO
Apple, Inc.
8.14%
NVIDIA Corp.
6.63%
Alphabet, Inc.
5.00%
Eli Lilly & Co.
3.41%
Amazon.com, Inc.
3.21%
JPMorgan Chase & Co.
2.41%
UnitedHealth Group, Inc.
2.30%
GE Aerospace
2.21%
Johnson & Johnson
2.10%
Visa, Inc.
1.97%
Advanced Micro Devices, Inc.
1.81%
United Rentals, Inc.
1.74%
Applied Materials, Inc.
1.71%
Valero Energy Corp.
1.70%
Cadence Design Systems, Inc.
1.68%
FDMO
NVIDIA Corp.
7.38%
Apple, Inc.
6.74%
Alphabet, Inc.
5.18%
Micron Technology, Inc.
3.74%
Amazon.com, Inc.
3.29%
Broadcom Inc.
3.19%
Sandisk Corp.
2.15%
Applied Materials, Inc.
2.11%
Eli Lilly & Co.
1.98%
Lam Research Corp.
1.98%
Meta Platforms, Inc.
1.95%
Berkshire Hathaway, Inc.
1.73%
KLA Corp.
1.72%
JPMorgan Chase & Co.
1.68%
Tesla, Inc.
1.63%
Frequently asked questions about HGRO and FDMO
How have the HGRO and FDMO ETFs performed in 2026?
As of July 30, 2026, HGRO is up 6.31% year-to-date (YTD), while FDMO has returned 9.9%. That puts FDMO better performer ahead so far this year.
Which ETF is attracting more investor money: HGRO or FDMO?
Year-to-date, the HGRO ETF saw +$53M in flows, compared to +$220M for FDMO.
Which ETF is more volatile: HGRO or FDMO?
Over the past year, HGRO had a volatility of 14.04%, while FDMO experienced 19.32%.
Which ETF is bigger: HGRO or FDMO?
As of July 30, 2026, HGRO holds $125.70 M in assets under management (AUM), while FDMO manages $901.13 M.
What sectors do the HGRO and FDMO ETFs invest in?
HGRO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FDMO focuses on Technology, Finance and Healthcare.
What are the top holdings of the HGRO ETF and FDMO ETF?
HGRO top holdings include Apple, Inc., NVIDIA Corp. and Alphabet, Inc.. FDMO holds in its top three: NVIDIA Corp., Apple, Inc. and Alphabet, Inc..
Which ETF is more diversified: HGRO or FDMO?
HGRO holds 99 securities with 46.02% of its assets in the top 15. FDMO has 135 securities and a top 15 weight of 46.45%.
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