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 sponsorFidelity
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateOct 05, 2021
Assets (mns)$32
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 holdings61
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -17.7% -10.2% -10.7% -- -- -- -20.2%
Volatility 27.5% 28.0% 29.3% 33.8% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.4858%
MSCI EAFE1.5158%
MSCI Emg Mkts1.4756%
Liquidity Measures
Avg. volume (000)12
Turnover0.5%
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 volatility34.4%
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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Risk and Returns: FDRV vs. Comps (1 YR)

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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 --%
0.8 28.2 2.0 1.1% --
Based on closing prices from 12/9/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

FDRV
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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 .