FDTX

Fidelity Disruptive Technology ETF

FDTX is an actively managed fund that invests in innovative businesses believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI.


Global

EQUITY

Active

MANAGEMENT STYLE

164.1 M

ASSETS UNDER MGMT

50 bp

EXPENSES
Fund Basics
Fund sponsorFidelity
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateApr 16, 2020
Assets (mns)$164
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
Distributions
Taxation1099
Stock selection
Weighting
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NVIDIA CORP 8.2 %
TAIWAN SEMICONDUCTOR-SP ADR 6.3 %
MICROSOFT CORP 5.2 %
SALESFORCE.COM INC 4.9 %
ADOBE SYSTEMS INC 4.3 %
META PLATFORMS INC 4.3 %
ASML HOLDING NV 4.2 %
NETFLIX INC 4.2 %
AMAZON.COM INC 4.1 %
ALPHABET INC. CLASS C 4.1 %
Constituent Breakdown
Number of holdings52
Herfindahl-Hirschman Index 347
Wgt avg mkt cap (mns)$637,727
Large cap (>$10bn)98.1%
Mid cap ($2-10bn)1.7%
Small cap (<$2bn)0.2%
Developed mkts.89.0%
Emerging mkts.11.0%
Country Exposure
UNITED STATES 68.6 %
NETHERLANDS 6.9 %
TAIWAN 6.3 %
JAPAN 4.0 %
SINGAPORE 2.4 %
SOUTH KOREA 1.4 %
CHINA 1.4 %
LUXEMBOURG 1.3 %
IRELAND 1.2 %
GERMANY 1.1 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 20.3% -- -- -- -- -- 20.3%
Volatility 23.6% 22.7% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)15
Turnover0.3%
Avg. Bid/Ask (% of price)0.00%
ADV of underlying (mns)$88,466
Technical Indicators
Recent close$35.76
30d moving avg.$33.13
Annualized volatility0.0%
Relative strength (RSI)53
Short interest (ETF)1.0%
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: FDTX 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 --%
4.9 31.2 6.0 0.3% --
Based on closing prices from 11/29/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FDTX



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

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.

ALTAR Score™

FDTX

2.7%

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%. FDTX's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places FDTX in the 39th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Global Equity ETFs
# of ETFs 118
Avg. Expense Ratio 73.5 bp
Std. Deviation 29.8 bp
FDTX (50 bp) Percentile rank 23
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FDTX 50.0 0.0 50
Peer Avg. 74.3 39.2 113.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .