FBCV
Fidelity Blue Chip Value ETF
FBCV is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks.
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 03, 2020 |
| Assets (mns) | $121 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BERKSHIRE HATHAWAY INC-CL B | 4.5 % |
| EXXON MOBIL CORP | 4.4 % |
| JPMORGAN CHASE & CO | 3.8 % |
| COMCAST CORP-CL A | 3.3 % |
| CIGNA CORPORATION | 3.1 % |
| TRAVELERS COS INC/THE | 2.9 % |
| CENTENE CORP | 2.7 % |
| BANK OF AMERICA CORP | 2.6 % |
| P G & E CORP | 2.3 % |
| WELLS FARGO & CO | 2.2 % |
Constituent Breakdown
| Number of holdings | 81 |
| Herfindahl-Hirschman Index | 190 |
| Wgt avg mkt cap (mns) | $186,202 |
| Large cap (>$10bn) | 96.2% |
| Mid cap ($2-10bn) | 3.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 86.2 % |
 |
BRITAIN | 6.3 % |
 |
SWITZERLAND | 1.9 % |
 |
FRANCE | 1.7 % |
 |
CANADA | 1.0 % |
 |
NORWAY | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 7.4% | 17.2% | 5.3% | -- | -- | -- | 5.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 73% |
| MSCI EAFE | 0.69 | 74% |
| MSCI Emg Mkts | 0.48 | 37% |
Liquidity Measures
| Avg. volume (000) | 25 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $46,990 |
Technical Indicators
| Recent close | $29.93 |
| 30d moving avg. | $28.03 |
| Annualized volatility | 15.0% |
| Relative strength (RSI) | 66 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FBCV |
Expenses vs. FBCV |
ALTAR Score™ vs. FBCV |
|---|---|---|---|---|
| IWX | iShares Russell Top 200 Value ETF | 36.8% | -39 bp | -0.6% |
| MGV | Vanguard Mega Cap Value ETF | 35.6% | -52 bp | -0.3% |
| VTV | Vanguard Value ETF | 32.7% | -55 bp | -0.1% |
| FMIL | Fidelity New Millennium ETF | 31.4% | 0 bp | -2.9% |
| IVE | iShares S&P 500 Value ETF | 31.1% | -41 bp | -0.5% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 31.0% | -55 bp | -0.4% |
| STXV | Strive 1000 Value ETF | 30.8% | -41 bp | +0.7% |
| PWV | Invesco Large Cap Value ETF | 30.6% | -4 bp | +0.6% |
| IUSV | iShares Core S&P US Value ETF | 29.6% | -55 bp | -0.3% |
| DFLV | Dimensional US Large Cap Value ETF | 28.7% | -37 bp | +0.8% |
Risk and Returns: FBCV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/2/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FBCV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FBCV
7.2%
Cat. Avg
3.6%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.2% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
4.9%. FBCV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places FBCV in the 77th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FBCV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FBCV | 59.0 | 15.6 | 74.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .