FDMO vs PAPR

Comparison between FIDELITY MOMENTUM FACTOR ETF (FDMO, ETF) and Innovator U.S. Equity Power Buffer ETF - April (PAPR, ETF).

5-Year PerformanceFDMO has outperformed PAPR, delivering a return of +15.0% compared to +8.2%

FDMO vs PAPR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FDMO(ETF)	PAPR(ETF)
Net Assets	$957M	$954M
Expense Ratio	0.15%	0.79%
Max Drawdown	34.17%	15.85%
Sharpe Ratio	1.05	2.49
5Y Beta	1.19	0.46
P/E Ratio	32.66	N/A
Forward P/E	20.70	N/A
PEG Ratio	0.31	N/A
5Y Dividends CAGR	12.96%	N/A
5Y EPS CAGR	27.68%	N/A
Debt to Equity	31.67%	N/A
P/S Ratio	4.42	N/A
P/B Ratio	6.03	N/A

Net Assets

Winner

FDMO

$957M

PAPR

$954M

Expense Ratio

Winner

FDMO

0.15%

PAPR

0.79%

Max Drawdown

FDMO

34.17%

Winner

PAPR

15.85%

Sharpe Ratio

FDMO

1.05

Winner

PAPR

2.49

5Y Beta

FDMO

1.19

Winner

PAPR

0.46

P/E Ratio

FDMO

32.66

PAPR

N/A

Forward P/E

FDMO

20.70

PAPR

N/A

PEG Ratio

FDMO

0.31

PAPR

N/A

5Y Dividends CAGR

FDMO

12.96%

PAPR

N/A

5Y EPS CAGR

FDMO

27.68%

PAPR

N/A

Debt to Equity

FDMO

31.67%

PAPR

N/A

P/S Ratio

FDMO

4.42

PAPR

N/A

P/B Ratio

FDMO

6.03

PAPR

N/A

FDMO vs PAPR - Historical Returns

Returns include dividend reinvestment.

Period	FDMO	PAPR
1 month	-3.60%	+0.81%
3 months	+8.14%	+2.83%
6 months	+10.75%	+8.04%
1 year	+24.03%	+12.90%
5 years(CAGR)	+15.01%	+8.24%
10 years(CAGR)	+15.57%	N/A
Max(CAGR)	+15.57%	+7.82%

FDMO

-3.60%

Winner

PAPR

+0.81%

Winner

FDMO

+8.14%

PAPR

+2.83%

Winner

FDMO

+10.75%

PAPR

+8.04%

Winner

FDMO

+24.03%

PAPR

+12.90%

5Y(CAGR)

Winner

FDMO

+15.01%

PAPR

+8.24%

10Y(CAGR)

FDMO

+15.57%

PAPR

N/A

Max(CAGR)

Winner

FDMO

+15.57%

PAPR

+7.82%

FDMO vs PAPR - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	FDMO	PAPR
2026	+12.81%	+8.40%
2025	+21.00%	+6.74%
2024	+34.43%	+12.62%
2023	+25.71%	+16.49%
2022	-19.61%	-4.42%
2021	+23.81%	+7.55%
2020	+20.80%	+4.32%
2019	+25.42%	+6.47%
2018	-4.72%	N/A
2017	+23.58%	N/A
2016	+1.88%	N/A

FDMO vs PAPR Drawdown Comparison

The maximum drawdown for FDMO was -33.93%, occurring on Mar 23, 2020. Recovery took 115 trading sessions.

The maximum drawdown for PAPR was -15.31%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The current FDMO drawdown is -3.61%. The current PAPR drawdown is -0.06%.

Rank	FDMO	PAPR
#1	-33.93% Feb 19, 2020 - Aug 3, 2020	-15.31% Feb 19, 2020 - Aug 5, 2020
#2	-25.44% Nov 8, 2021 - Dec 27, 2023	-11.87% Feb 19, 2025 - Jul 28, 2025
#3	-21.88% Feb 18, 2025 - Jun 24, 2025	-10.95% Apr 4, 2022 - May 17, 2023
#4	-21.72% Oct 1, 2018 - Jun 10, 2019	-4.68% Jul 16, 2024 - Aug 19, 2024
#5	-12.22% Jan 28, 2026 - Apr 17, 2026	-4.55% Jul 28, 2023 - Nov 14, 2023
#6	-12.15% Feb 12, 2021 - Apr 26, 2021	-3.52% Apr 29, 2019 - Jun 19, 2019
#7	-10.43% Jan 26, 2018 - Jun 4, 2018	-2.92% Jul 26, 2019 - Sep 12, 2019
#8	-10.22% Jul 16, 2024 - Sep 19, 2024	-2.89% Mar 28, 2024 - May 10, 2024
#9	-9.90% Sep 2, 2020 - Oct 12, 2020	-2.54% Jan 3, 2022 - Mar 18, 2022
#10	-8.92% Oct 13, 2020 - Nov 30, 2020	-2.43% Aug 30, 2024 - Sep 19, 2024
#11	-7.65% Apr 27, 2021 - Jun 25, 2021	-1.92% Oct 12, 2020 - Nov 6, 2020
#12	-7.34% Oct 29, 2025 - Jan 5, 2026	-1.87% May 7, 2021 - May 28, 2021
#13	-6.89% Mar 21, 2024 - May 9, 2024	-1.76% Sep 12, 2019 - Oct 15, 2019
#14	-6.70% Jul 15, 2019 - Dec 20, 2019	-1.70% Dec 6, 2024 - Jan 17, 2025
#15	-6.02% Jun 30, 2026 - Jul 20, 2026	-1.51% Aug 28, 2020 - Oct 8, 2020

Correlation

Correlation between FDMO and PAPR is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2016 - 2026)

FDMO vs PAPR dividend yield comparison.

Year	FDMO	PAPR
2026	0.29%	0.00%
2025	0.61%	0.00%
2024	0.90%	0.00%
2023	0.87%	0.00%
2022	1.19%	0.00%
2021	0.60%	0.00%
2020	0.77%	0.00%
2019	1.23%	3.07%
2018	1.22%	0.00%
2017	1.09%	0.00%
2016	0.45%	0.00%