FDHT
Fidelity Digital Health ETF
FDHT tracks a market-cap-weighted index of globally-listed companies involved in digital health technologies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
8.1 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 05, 2021 |
| Assets (mns) | $8 |
| 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| INTUITIVE SURGICAL INC | 4.9 % |
| VEEVA SYSTEMS INC-CLASS A | 4.7 % |
| RESMED INC | 4.3 % |
| PHILIPS ELECTRONICS NV | 4.2 % |
| COCHLEAR LIMITED | 3.6 % |
| INSULET CORP | 3.6 % |
| SONOVA HOLDING AG-REG | 3.5 % |
| FISHER & PAYKEL HEALTHCARE CORPORATION L | 3.3 % |
| MAXIMUS INC | 2.8 % |
| PRO MEDICUS LIMITED | 2.6 % |
Constituent Breakdown
| Number of holdings | 57 |
| Herfindahl-Hirschman Index | 266 |
| Wgt avg mkt cap (mns) | $22,878 |
| Large cap (>$10bn) | 46.7% |
| Mid cap ($2-10bn) | 43.0% |
| Small cap (<$2bn) | 10.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 64.6 % |
 |
NETHERLANDS | 6.4 % |
 |
AUSTRALIA | 6.2 % |
 |
JAPAN | 4.8 % |
 |
SWITZERLAND | 4.5 % |
 |
NEW ZEALAND | 3.3 % |
 |
DENMARK | 1.9 % |
 |
HONG KONG | 1.9 % |
 |
CHINA | 1.4 % |
 |
GERMANY | 0.8 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.0% | 19.9% | 9.2% | -- | -- | -- | -8.8% | Volatility | 18.2% | 19.1% | 23.0% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.10 | 67% |
| MSCI EAFE | 1.15 | 73% |
| MSCI Emg Mkts | 0.88 | 41% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.51% |
| ADV of underlying (mns) | $3,617 |
Technical Indicators
| Recent close | $20.32 |
| 30d moving avg. | $19.86 |
| Annualized volatility | 23.9% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 3.4% |
| 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 |
|---|---|---|---|---|
| EDOC | Global X Telemedicine & Digital Health ETF Registered | 35.8% | +29 bp | -1.8% |
| EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | 33.3% | +26 bp | +1.2% |
| MDEV | First Trust Indxx Medical Devices ETF | 19.3% | +31 bp | +6.3% |
| XHE | SPDR S&P Health Care Equipment ETF | 17.7% | -4 bp | +4.1% |
| FMED | Fidelity Disruptive Medicine ETF | 17.4% | +11 bp | +1.9% |
| IHI | iShares U.S. Medical Devices ETF | 16.0% | +1 bp | +6.0% |
| FXH | First Trust Health Care AlphaDEX Fund | 15.3% | +23 bp | +9.3% |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 12.6% | +29 bp | +2.1% |
| PSCH | Invesco S&P SmallCap Health Care ETF | 11.9% | -10 bp | +6.5% |
| IHF | iShares U.S. Healthcare Providers ETF | 10.8% | +1 bp | +8.8% |
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
| 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 10/22/2024
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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 Rating
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.
ALTAR Score™
FDHT
-2.2%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. FDHT's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places FDHT in the 9th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDHTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| FDHT (39 bp) Percentile rank | 18 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDHT | 39.0 | 51.1 | 90.1 |
| Peer Avg. | 52.1 | 34.6 | 86.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .