FVAL
Fidelity Value Factor ETF
The Fidelity Factor Value ETF follows a fundamentally selected, tier-weighted index of large-cap US stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.1 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Sep 12, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 7.0 % |
| APPLE INC | 6.6 % |
| MICROSOFT CORP | 5.4 % |
| ALPHABET INC. CLASS A | 4.8 % |
| AMAZON.COM INC | 3.4 % |
| MICRON TECHNOLOGY INC | 2.4 % |
| META PLATFORMS INC | 2.3 % |
| TESLA MOTORS INC | 2.2 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.9 % |
| ELI LILLY & CO | 1.9 % |
Constituent Breakdown
| Number of holdings | 131 |
| Herfindahl-Hirschman Index | 219 |
| Wgt avg mkt cap (mns) | $1,255,872 |
| Large cap (>$10bn) | 88.4% |
| Mid cap ($2-10bn) | 5.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 93.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.1 % |
 |
IRELAND | 1.3 % |
 |
BERMUDA | 0.9 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.3% | 16.6% | 15.3% | 17.4% | 11.7% | -- | -- | 11.9% |
| Dividend Yield | 0.0% | 2.1% | 2.0% | 2.1% | 1.9% | -- | -- | 2.0% |
| Total Returns | 1.3% | 18.6% | 17.3% | 19.5% | 13.6% | -- | -- | 13.9% | Ann. Volatility | 11.8% | 18.3% | 15.4% | 14.5% | 16.5% | -- | -- | 18.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 96% |
| MSCI EAFE | 0.89 | 64% |
| MSCI Emg Mkts | 0.75 | 55% |
Liquidity Measures
| Avg. volume (000) | 55 |
| ADV traded (mns) | $4 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $71.91 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -0.92/-0.61 |
| Bollinger Bands (Upper/Lower) | $74.68/$69.14 |
| Short interest (% of AUM) | 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. FVAL |
Expenses vs. FVAL |
ALTAR Score™ vs. FVAL |
|---|---|---|---|---|
| OEF | iShares S&P 100 ETF | 58.1% | +5 bp | -2.4% |
| RAUS | RACWI US ETF | 57.2% | 0 bp | -2.1% |
| MGC | Vanguard Mega Cap ETF | 56.9% | -8 bp | -2.3% |
| IWL | iShares Russell Top 200 ETF | 56.7% | 0 bp | -2.3% |
| GSPY | Gotham Enhanced 500 ETF | 56.2% | +35 bp | -1.7% |
| TOV | JLens 500 Jewish Advocacy U.S. ETF | 55.1% | +3 bp | -2.3% |
| EPS | WisdomTree U.S. LargeCap Fund | 54.8% | -7 bp | -1.4% |
| OEI | Optimized Equity Income ETF | 54.7% | +60 bp | -3.0% |
| VV | Vanguard Large-Cap ETF | 54.5% | -11 bp | -2.1% |
| VOO | Vanguard S&P 500 ETF | 54.1% | -12 bp | -2.0% |
Risk and Returns: FVAL 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 3/24/2026
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
7.3%
ALTAR SCORE™
77th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,191 funds in the US Equity category with an average
ALTAR Score™ of 5.8% and a standard deviation
of 2.1%. FVAL's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places FVAL in the 77th percentile
among funds in the category.
Sell-Side Consensus
$87.46
PRICE TARGET
+25.9%
UPSIDE