FDRV
Fidelity Electric Vehicles and Future Transportation ETF
FDRV tracks a modified market-cap-weighted index of companies that are involved in the production of electric and/or autonomous vehicles or other initiatives regarding the future of transportation.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
32.0 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) | $32 |
Expense ratio | 39 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
TESLA MOTORS INC | 6.0 % |
UBER TECHNOLOGIES, INC. | 4.7 % |
ANALOG DEVICES INC | 4.6 % |
NXP SEMICONDUCTORS NV | 3.8 % |
GARMIN LTD | 3.7 % |
BYD CO LTD-H | 3.6 % |
RIVIAN AUTOMOTIVE INC-A | 3.3 % |
INFINEON TECHNOLOGIES AG | 3.1 % |
SKYWORKS SOLUTIONS INC | 3.1 % |
ON SEMICONDUCTOR CORPORATION | 3.0 % |
Constituent Breakdown
Number of holdings | 61 |
Herfindahl-Hirschman Index | 264 |
Wgt avg mkt cap (mns) | $93,513 |
Large cap (>$10bn) | 57.6% |
Mid cap ($2-10bn) | 28.5% |
Small cap (<$2bn) | 13.9% |
Developed mkts. | 80.1% |
Emerging mkts. | 19.9% |
Country Exposure
UNITED STATES | 50.5 % | |
CHINA | 13.5 % | |
SOUTH KOREA | 7.9 % | |
SWITZERLAND | 6.0 % | |
IRELAND | 4.2 % | |
NETHERLANDS | 3.8 % | |
GERMANY | 3.1 % | |
FRANCE | 2.7 % | |
CANADA | 1.2 % | |
BELGIUM | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -17.7% | -10.2% | -10.7% | -- | -- | -- | -20.2% | Volatility | 27.5% | 28.0% | 29.3% | 33.8% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.48 | 58% |
MSCI EAFE | 1.51 | 58% |
MSCI Emg Mkts | 1.47 | 56% |
Liquidity Measures
Avg. volume (000) | 12 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.36% |
ADV of underlying (mns) | $24,920 |
Technical Indicators
Recent close | $14.20 |
30d moving avg. | $13.80 |
Annualized volatility | 34.4% |
Relative strength (RSI) | 47 |
Short interest (ETF) | 0.0% |
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. FDRV |
Expenses vs. FDRV |
ALTAR Score™ vs. FDRV |
---|---|---|---|---|
IDRV | iShares Self-driving EV & Tech ETF | 30.2% | +8 bp | +1.1% |
MOTO | SmartETFs Smart Transportation & Technology ETF | 28.9% | +29 bp | +8.6% |
KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 27.8% | +33 bp | +2.5% |
DRIV | Global X Autonomous & Electric Vehicles ETF | 25.1% | +29 bp | +6.8% |
BATT | Amplify Lithium & Battery Technology ETF | 23.3% | +20 bp | +1.3% |
HAIL | SPDR S&P Kensho Smart Mobility ETF | 22.5% | +6 bp | -0.2% |
CARZ | First Trust NASDAQ Global Auto Index Fund | 21.7% | +31 bp | +5.2% |
QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 20.3% | +19 bp | -1.2% |
SMOG | VanEck Low Carbon Energy ETF | 18.7% | +22 bp | +3.7% |
XSD | SPDR S&P Semiconductor ETF | 18.7% | -4 bp | +5.9% |
Risk and Returns: FDRV 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 12/9/2024
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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
FDRV
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™
FDRV
-1.6%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 377 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.6%. FDRV's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places FDRV in the 11st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDRVSELL
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 |
FDRV (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) |
|
---|---|---|---|
FDRV | 39.0 | 36.0 | 75 |
Peer Avg. | 51.9 | 32.3 | 84.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .