Fidelity Momentum Risk Adjusted Performance

FDMO Etf  USD 58.72  0.82  1.42%   
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Fidelity Momentum Factor has current Risk Adjusted Performance of 0.0814.

RAP

 = 

(ER[a] - RFR) * STD[b])/STD[b]

RFR

 = 
0.0814
ER[a] = Expected return on investing in Fidelity Momentum
RFR = Risk Free Rate of return. Typically T-Bill Rate
STD[b] =   Standard Deviation of selected market or benchmark.

Fidelity Momentum Risk Adjusted Performance Peers Comparison

Fidelity Risk Adjusted Performance Relative To Other Indicators

Fidelity Momentum Factor is rated # 2 ETF in risk adjusted performance as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  57.02  of Maximum Drawdown per Risk Adjusted Performance. The ratio of Maximum Drawdown to Risk Adjusted Performance for Fidelity Momentum Factor is roughly  57.02 
Compare Fidelity Momentum to Peers

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