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.
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 05, 2021 |
| Assets (mns) | $46 |
| 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
| ANALOG DEVICES INC | 5.0 % |
| TESLA MOTORS INC | 4.9 % |
| NXP SEMICONDUCTORS NV | 4.0 % |
| INFINEON TECHNOLOGIES AG | 4.0 % |
| GARMIN LTD | 3.6 % |
| LI AUTO, INC. CLASS A | 3.6 % |
| BYD CO LTD-H | 3.6 % |
| STMICROELECTRONICS NV | 3.3 % |
| APTIV PLC | 3.1 % |
| SAMSUNG SDI CO LTD | 2.9 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 254 |
| Wgt avg mkt cap (mns) | $71,014 |
| Large cap (>$10bn) | 57.6% |
| Mid cap ($2-10bn) | 32.3% |
| Small cap (<$2bn) | 10.1% |
| Developed mkts. | 78.0% |
| Emerging mkts. | 22.0% |
Country Exposure
 |
UNITED STATES | 47.6 % |
 |
CHINA | 14.9 % |
 |
SOUTH KOREA | 8.9 % |
 |
SWITZERLAND | 6.9 % |
 |
IRELAND | 4.7 % |
 |
NETHERLANDS | 4.0 % |
 |
GERMANY | 4.0 % |
 |
FRANCE | 3.2 % |
 |
AUSTRALIA | 1.4 % |
 |
CANADA | 1.1 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 3.0% | -11.2% | -- | -- | -- | -- | -25.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.51 | 64% |
| MSCI EAFE | 1.50 | 61% |
| MSCI Emg Mkts | 1.42 | 57% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.36% |
| ADV of underlying (mns) | $24,100 |
Technical Indicators
| Recent close | $15.70 |
| 30d moving avg. | $15.96 |
| Annualized volatility | 38.1% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 0.1% |
| 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 | 40.2% | +8 bp | -1.1% |
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 34.1% | +33 bp | +2.5% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 27.8% | +29 bp | +6.8% |
| DRIV | Global X Autonomous & Electric Vehicles ETF | 24.2% | +29 bp | +4.5% |
| HAIL | SPDR S&P Kensho Smart Mobility ETF | 23.7% | +6 bp | -4.9% |
| BATT | Amplify Lithium & Battery Technology ETF | 22.2% | +20 bp | +1.9% |
| CLNR | IQ Cleaner Transport ETF | 20.8% | +6 bp | +6.4% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 20.4% | +31 bp | +4.6% |
| XSD | SPDR S&P Semiconductor ETF | 19.8% | -4 bp | +6.1% |
| LIT | Global X Lithium & Battery Tech ETF | 19.6% | +36 bp | +4.9% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 11/30/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FDRV
-0.1%
Cat. Avg
3.7%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -0.1% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 342 funds in the Global Equities category, with an average ALTAR Score™
of 3.7% and a standard deviation of
5.0%. FDRV's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places FDRV in the 22nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FDRV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDRV | 39.0 | 35.8 | 74.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .