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
$ 1.2 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 | 7.5 % |
| APPLE INC | 6.5 % |
| ALPHABET INC. CLASS A | 5.9 % |
| MICROSOFT CORP | 4.8 % |
| AMAZON.COM INC | 4.4 % |
| BROADCOM INC. | 3.8 % |
| META PLATFORMS INC | 2.2 % |
| MICRON TECHNOLOGY INC | 1.8 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.8 % |
| ELI LILLY & CO | 1.5 % |
Constituent Breakdown
| Number of holdings | 129 |
| Herfindahl-Hirschman Index | 239 |
| 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 | 92.9 % |
 |
IRELAND | 1.0 % |
 |
BRITAIN | 0.9 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.3% | 31.0% | 18.0% | 17.8% | 10.1% | -- | -- | 12.1% |
| Dividend Yield | 0.0% | 1.7% | 1.8% | 1.9% | 1.8% | -- | -- | 1.9% |
| Total Returns | 5.3% | 32.7% | 19.7% | 19.7% | 11.9% | -- | -- | 14.1% | Ann. Volatility | 13.9% | 12.3% | 15.7% | 14.4% | 16.5% | -- | -- | 18.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 92% |
| MSCI EAFE | 0.62 | 54% |
| MSCI Emg Mkts | 0.46 | 48% |
Liquidity Measures
| Avg. volume (000) | 35 |
| ADV traded (mns) | $3 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $74.44 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 1.37/1.23 |
| Bollinger Bands (Upper/Lower) | $77.75/$72.84 |
| Short interest (% of AUM) | 0.2% |
Distributions
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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 | -2.3% |
| FDRR | Fidelity Dividend ETF for Rising Rates | 57.2% | 0 bp | -0.3% |
| EPS | WisdomTree U.S. LargeCap Fund | 56.6% | -7 bp | -1.2% |
| OEI | Optimized Equity Income ETF | 56.5% | +60 bp | -2.5% |
| RAUS | RACWI US ETF | 56.4% | 0 bp | -1.9% |
| IWL | iShares Russell Top 200 ETF | 56.1% | 0 bp | -2.2% |
| GSPY | Gotham Enhanced 500 ETF | 56.0% | +35 bp | -1.6% |
| MGC | Vanguard Mega Cap ETF | 55.9% | -8 bp | -2.2% |
| TOV | JLens 500 Jewish Advocacy U.S. ETF | 55.1% | +3 bp | -2.1% |
| SFTY | Horizon Managed Risk ETF | 54.6% | +62 bp | -2.5% |
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 5/12/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
6.7%
ALTAR SCORE™
73rd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,203 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. FVAL's ALTAR Score™ is approximately 0.6 standard
deviations above the category average. This places FVAL in the 73rd percentile
among funds in the category.
Sell-Side Consensus
$89.45
PRICE TARGET
+15.2%
UPSIDE