FDHT
Fidelity Digital Health ETF
FDHT tracks a market-cap-weighted index of globally-listed companies involved in digital health technologies.
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 05, 2021 |
| Assets (mns) | $9 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| DEXCOM INC | 5.1 % |
| INTUITIVE SURGICAL INC | 4.8 % |
| VEEVA SYSTEMS INC-CLASS A | 4.3 % |
| RESMED INC | 4.1 % |
| PHILIPS ELECTRONICS NV | 3.9 % |
| SONOVA HOLDING AG-REG | 3.9 % |
| INSULET CORP | 3.4 % |
| COCHLEAR LIMITED | 3.4 % |
| FISHER & PAYKEL HEALTHCARE C | 3.1 % |
| JD HEALTH INTERNATIONAL, INC. | 2.5 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 263 |
| Wgt avg mkt cap (mns) | $16,606 |
| Large cap (>$10bn) | 39.0% |
| Mid cap ($2-10bn) | 36.9% |
| Small cap (<$2bn) | 24.1% |
| Developed mkts. | 96.3% |
| Emerging mkts. | 3.7% |
Country Exposure
 |
UNITED STATES | 68.5 % |
 |
NETHERLANDS | 5.9 % |
 |
AUSTRALIA | 5.8 % |
 |
SWITZERLAND | 5.0 % |
 |
CHINA | 3.6 % |
 |
NEW ZEALAND | 3.1 % |
 |
DENMARK | 2.4 % |
 |
HONG KONG | 2.1 % |
 |
JAPAN | 1.5 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -7.0% | -10.3% | -16.5% | -- | -- | -- | -18.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 71% |
| MSCI EAFE | 1.10 | 74% |
| MSCI Emg Mkts | 0.81 | 40% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.52% |
| ADV of underlying (mns) | $1,838 |
Technical Indicators
| Recent close | $17.68 |
| 30d moving avg. | $16.16 |
| Annualized volatility | 25.2% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.1% |
| 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. FDHT |
Expenses vs. FDHT |
ALTAR Score™ vs. FDHT |
|---|---|---|---|---|
| EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | 33.2% | +26 bp | +2.6% |
| EDOC | Global X Telemedicine & Digital Health ETF | 28.0% | +29 bp | -2.8% |
| HTEC | ROBO Global Healthcare Technology & Innovation ETF | 22.3% | +29 bp | +4.9% |
| GDOC | Goldman Sachs Future Health Care Equity ETF | 21.2% | +36 bp | +6.4% |
| MDEV | First Trust Indxx Medical Devices ETF | 19.3% | +31 bp | +7.5% |
| XHE | SPDR S&P Health Care Equipment ETF | 16.9% | -4 bp | +4.3% |
| IHI | iShares U.S. Medical Devices ETF | 16.4% | +1 bp | +7.6% |
| PINK | Simplify Health Care ETF | 11.0% | +11 bp | +9.1% |
| MEDI | Harbor Health Care ETF | 10.4% | +41 bp | +2.7% |
Risk and Returns: FDHT 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/4/2023
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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
FDHT
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™
FDHT
-3.4%
Cat. Avg
3.6%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -3.4% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
5.0%. FDHT's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places FDHT in the 8th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FDHT
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) |
|
|---|---|---|---|
| FDHT | 39.0 | 51.5 | 90.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .