FDCF
Fidelity Disruptive Communications ETF
FDCF is an actively managed fund that invests in companies from around the world tied with disruptive technologies in communications services.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 98.8 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Apr 16, 2020 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR-SP ADR | 7.9 % |
| ALPHABET INC. CLASS A | 7.7 % |
| META PLATFORMS INC | 6.4 % |
| NVIDIA CORP | 5.8 % |
| ARISTA NETWORKS, INC. | 5.2 % |
| AMAZON.COM INC | 4.9 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 4.5 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 4.1 % |
| REDDIT INC-CL A | 3.3 % |
| T-MOBILE US, INC. | 3.0 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 385 |
| Wgt avg mkt cap (mns) | $1,111,641 |
| Large cap (>$10bn) | 89.6% |
| Mid cap ($2-10bn) | 5.4% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 81.9% |
| Emerging mkts. | 15.3% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 71.4 % |
 |
TAIWAN | 7.9 % |
 |
CHINA | 6.0 % |
 |
SINGAPORE | 4.1 % |
 |
CANADA | 2.5 % |
 |
SPAIN | 1.8 % |
 |
LUXEMBOURG | 1.5 % |
 |
SOUTH KOREA | 1.4 % |
 |
NETHERLANDS | 0.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.3% | 17.3% | 21.8% | -- | -- | -- | -- | 24.4% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | -- | -- | -- | -- | 0.0% |
| Total Returns | -4.3% | 17.3% | 21.9% | -- | -- | -- | -- | 24.4% | Ann. Volatility | 19.9% | 23.1% | 21.3% | -- | -- | -- | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 80% |
| MSCI EAFE | 1.03 | 53% |
| MSCI Emg Mkts | 0.99 | 60% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| 30d moving avg. (EMA) | $45.72 |
| Relative strength (RSI) | 40 |
| MACD/Signal | -0.51/-0.43 |
| Bollinger Bands (Upper/Lower) | $46.48/$44.28 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDCF |
Expenses vs. FDCF |
ALTAR Score™ vs. FDCF |
|---|---|---|---|---|
| FFOG | Franklin Focused Growth ETF | 38.3% | +11 bp | +0.6% |
| METV | Roundhill Ball Metaverse ETF | 36.4% | +9 bp | +7.0% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 36.4% | -2 bp | +1.6% |
| VNSE | Natixis Vaughan Nelson Select ETF | 36.2% | +30 bp | +2.0% |
| PJFG | PGIM Jennison Focused Growth ETF | 34.8% | +25 bp | +0.8% |
| FDTX | Fidelity Disruptive Technology ETF | 34.7% | 0 bp | +1.0% |
| AOTS | AOT Software Platform ETF | 34.3% | -1 bp | +3.6% |
| AOTG | AOT Growth and Innovation ETF | 33.6% | +25 bp | +0.8% |
| FBCG | Fidelity Blue Chip Growth ETF | 32.7% | +9 bp | +1.4% |
| WUGI | AXS Esoterica NextG Economy ETF | 32.7% | +25 bp | +0.8% |
Risk and Returns: FDCF 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 3/16/2026
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
2.2%
ALTAR SCORE™
18th
PERCENTILE
AVOID
ETFRC RATING
There are 567 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. FDCF's ALTAR Score™ is approximately -0.9 standard
deviations above the category average. This places FDCF in the 18th percentile
among funds in the category.
Sell-Side Consensus
$61.48
PRICE TARGET
+39.7%
UPSIDE