FDRR
Fidelity Dividend ETF for Rising Rates
The Fidelity Dividend ETF for Rising Rates tracks an index of large- and midcap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year U.S. Treasury yields.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 697.4 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Sep 12, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 8.5 % |
| APPLE INC | 7.3 % |
| ALPHABET INC. CLASS A | 6.3 % |
| MICROSOFT CORP | 5.7 % |
| BROADCOM INC. | 4.4 % |
| META PLATFORMS INC | 2.1 % |
| JPMORGAN CHASE & CO | 2.0 % |
| ELI LILLY & CO | 1.8 % |
| DELL TECHNOLOGIES INC CLASS C | 1.8 % |
| CISCO SYSTEMS INC | 1.7 % |
Constituent Breakdown
| Number of holdings | 129 |
| Herfindahl-Hirschman Index | 279 |
| Wgt avg mkt cap (mns) | $1,316,221 |
| Large cap (>$10bn) | 93.4% |
| Mid cap ($2-10bn) | 2.9% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 97.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 90.7 % |
 |
BRITAIN | 1.6 % |
 |
DENMARK | 1.2 % |
 |
JAPAN | 1.2 % |
 |
IRELAND | 1.1 % |
 |
ITALY | 0.7 % |
 |
GERMANY | 0.6 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.8% | 30.1% | 18.8% | 15.4% | 8.8% | -- | -- | 10.0% |
| Dividend Yield | 0.0% | 2.4% | 2.7% | 2.9% | 2.8% | -- | -- | 3.1% |
| Total Returns | 3.8% | 32.5% | 21.6% | 18.3% | 11.6% | -- | -- | 13.1% | Ann. Volatility | 13.1% | 11.5% | 15.1% | 13.8% | 15.0% | -- | -- | 17.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 88% |
| MSCI EAFE | 0.59 | 55% |
| MSCI Emg Mkts | 0.44 | 49% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.51% |
Technical Indicators
| 30d moving avg. (EMA) | $62.30 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.82/0.75 |
| Bollinger Bands (Upper/Lower) | $64.31/$61.52 |
| Short interest (% of AUM) | 0.6% |
Distributions
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. FDRR |
Expenses vs. FDRR |
ALTAR Score™ vs. FDRR |
|---|---|---|---|---|
| FDVV | Fidelity High Dividend ETF | 61.8% | 0 bp | +0.9% |
| FVAL | Fidelity Value Factor ETF | 57.2% | 0 bp | +0.3% |
| OEF | iShares S&P 100 ETF | 56.4% | +5 bp | -1.9% |
| OEI | Optimized Equity Income ETF | 55.8% | +60 bp | -2.1% |
| MGC | Vanguard Mega Cap ETF | 54.5% | -8 bp | -1.8% |
| IWL | iShares Russell Top 200 ETF | 53.8% | 0 bp | -1.8% |
| XLG | Invesco S&P 500 Top 50 ETF | 53.8% | +5 bp | -2.1% |
| FQAL | Fidelity Quality Factor ETF | 53.1% | 0 bp | -0.6% |
| RAUS | RACWI US ETF | 52.4% | 0 bp | -1.6% |
| FDLO | Fidelity Low Volatility Factor ETF | 51.8% | 0 bp | -0.8% |
Risk and Returns: FDRR 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 5/14/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
6.3%
ALTAR SCORE™
66th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,206 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. FDRR's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places FDRR in the 66th percentile
among funds in the category.
Sell-Side Consensus
$74.07
PRICE TARGET
+14.8%
UPSIDE