FBCV
Fidelity Blue Chip Value ETF
FBCV is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks.
Global
EQUITY
Active
MANAGEMENT STYLE
127.5 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 03, 2020 |
| Assets (mns) | $128 |
| 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
| EXXON MOBIL CORP | 4.1 % |
| JPMORGAN CHASE & CO | 3.7 % |
| TRAVELERS COS INC/THE | 3.0 % |
| CIGNA CORPORATION | 2.6 % |
| CISCO SYSTEMS INC | 2.6 % |
| COMCAST CORP-CL A | 2.5 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.4 % |
| UNITEDHEALTH GROUP INC | 2.4 % |
| DEERE & CO | 2.3 % |
| BANK OF AMERICA CORP | 2.3 % |
Constituent Breakdown
| Number of holdings | 108 |
| Herfindahl-Hirschman Index | 157 |
| Wgt avg mkt cap (mns) | $179,073 |
| Large cap (>$10bn) | 86.2% |
| Mid cap ($2-10bn) | 5.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 92.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 81.3 % |
 |
BRITAIN | 4.8 % |
 |
IRELAND | 1.8 % |
 |
CANADA | 1.7 % |
 |
SWITZERLAND | 1.7 % |
 |
GERMANY | 0.6 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.8% | 5.1% | 9.5% | 3.8% | -- | -- | -- | 9.3% |
| Dividend Yield | 0.5% | 1.5% | 1.8% | 1.9% | -- | -- | -- | 2.0% |
| Total Returns | 2.2% | 6.5% | 11.3% | 5.6% | -- | -- | -- | 11.3% | Ann. Volatility | 19.9% | 15.3% | 12.9% | 14.4% | -- | -- | -- | 15.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 69% |
| MSCI EAFE | 0.65 | 61% |
| MSCI Emg Mkts | 0.41 | 25% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| Recent close | $32.28 |
| 30d moving avg. | $32.03 |
| Annualized volatility | 14.3% |
| Relative strength (RSI) | 53 |
| Short interest | 0.1% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| MGV | Vanguard Mega Cap Value ETF | 32.8% | -52 bp | +6.8% |
| DFLV | Dimensional US Large Cap Value ETF | 32.8% | -37 bp | +8.3% |
| IWX | iShares Russell Top 200 Value ETF | 32.1% | -39 bp | +6.5% |
| FFLC | Fidelity Fundamental Large Cap Core ETF | 31.2% | -21 bp | +4.8% |
| STXV | Strive 1000 Value ETF | 30.5% | -41 bp | +8.3% |
| VTV | Vanguard Value ETF | 29.7% | -55 bp | +7.1% |
| DFUV | Dimensional US Marketwide Value ETF | 29.3% | -37 bp | +8.1% |
| FELV | Fidelity Enhanced Large Cap Value ETF | 28.9% | -41 bp | +7.0% |
| ILCV | iShares Morningstar Value ETF | 27.8% | -55 bp | +6.9% |
| SNPV | Xtrackers S&P 500 Value ESG ETF | 27.7% | -44 bp | +7.0% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 6/16/2025
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
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 Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
7.6%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
3.5%. 's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places in the 81st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FBCVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| (59 bp) Percentile rank | 34 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 59.0 | 0.0 | 59 | |
| Peer Avg. | 63.4 | 27.2 | 90.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .