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
36.5 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) | $36 |
| 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
| LUCID GROUP, INC. | 19.6 % |
| CHARGEPOINT HOLDINGS, INC. CLASS A | 8.7 % |
| APTIV PLC | 6.4 % |
| UBER TECHNOLOGIES, INC. | 6.3 % |
| XPENG, INC. CLASS A | 6.3 % |
| INFINEON TECHNOLOGIES AG | 5.0 % |
| LI AUTO, INC. CLASS A | 4.9 % |
| RIVIAN AUTOMOTIVE INC-A | 4.8 % |
| NXP SEMICONDUCTORS NV | 4.8 % |
| TESLA MOTORS INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 850 |
| Wgt avg mkt cap (mns) | $71,546 |
| Large cap (>$10bn) | 51.2% |
| Mid cap ($2-10bn) | 26.5% |
| Small cap (<$2bn) | 15.2% |
| Developed mkts. | 68.2% |
| Emerging mkts. | 34.2% |
Country Exposure
 |
UNITED STATES | 74.8 % |
 |
CHINA | 26.2 % |
 |
IRELAND | 8.8 % |
 |
GERMANY | 5.0 % |
 |
NETHERLANDS | 4.8 % |
 |
JAPAN | 3.9 % |
 |
FRANCE | 3.7 % |
 |
SOUTH KOREA | 3.6 % |
 |
BELGIUM | 2.2 % |
 |
CANADA | 1.9 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 32.8% | 26.0% | 1.6% | 3.1% | -- | -- | -- | -8.9% |
| Dividend Yield | 1.0% | 1.0% | 0.6% | 0.5% | -- | -- | -- | 0.4% |
| Total Returns | 33.8% | 27.0% | 2.2% | 3.6% | -- | -- | -- | -8.5% | Ann. Volatility | 31.4% | 29.6% | 29.0% | 30.0% | -- | -- | -- | 32.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.58 | 47% |
| MSCI EAFE | 1.10 | 28% |
| MSCI Emg Mkts | 1.08 | 32% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.74% |
Technical Indicators
| Recent close | $17.38 |
| 30d moving avg. | $17.25 |
| Annualized volatility | 30.9% |
| Relative strength (RSI) | 55 |
| Short interest | 0.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 45.2% | +33 bp | -1.2% |
| IDRV | iShares Self-driving EV & Tech ETF | 28.5% | +8 bp | +1.3% |
| DRIV | Global X Autonomous & Electric Vehicles ETF | 21.8% | +29 bp | +4.3% |
| KGRN | KraneShares MSCI China Clean Technology Index ETF | 21.7% | +40 bp | +0.4% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 20.8% | +29 bp | +6.5% |
| CLNR | IQ Cleaner Transport ETF | 18.8% | +6 bp | +5.5% |
| ERTH | Invesco MSCI Sustainable Future ETF | 18.2% | +23 bp | +3.4% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 18.0% | +19 bp | -1.9% |
| WBAT | WisdomTree Battery Value Chain and Innovation Fund | 17.1% | +6 bp | +1.7% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 16.2% | +31 bp | +4.2% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 10/25/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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
-1.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 369 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.2%. FDRV's ALTAR Score™ is approximately
1.7 standard deviations
below
the category average. This places FDRV in the 5th 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 | 177 |
| Avg. Expense Ratio | 55.1 bp |
| Std. Deviation | 18.1 bp |
| FDRV (39 bp) Percentile rank | 19 |
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 | 73.7 | 112.7 |
| Peer Avg. | 55.1 | 39.5 | 94.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .