FBCV
Fidelity Blue Chip Value ETF
FBCV is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks.
Global
EQUITY
Active
MANAGEMENT STYLE
121.3 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 03, 2020 |
| Assets (mns) | $121 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| EXXON MOBIL CORP | 4.8 % |
| JPMORGAN CHASE & CO | 4.2 % |
| BERKSHIRE HATHAWAY INC-CL B | 3.3 % |
| BANK OF AMERICA CORP | 3.3 % |
| CIGNA CORPORATION | 3.1 % |
| COMCAST CORP-CL A | 2.9 % |
| TRAVELERS COS INC/THE | 2.7 % |
| WELLS FARGO & CO | 2.5 % |
| P G & E CORP | 2.4 % |
| CENTENE CORP | 2.4 % |
Constituent Breakdown
| Number of holdings | 86 |
| Herfindahl-Hirschman Index | 193 |
| Wgt avg mkt cap (mns) | $202,207 |
| Large cap (>$10bn) | 97.4% |
| Mid cap ($2-10bn) | 2.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 86.8 % |
 |
BRITAIN | 6.0 % |
 |
SWITZERLAND | 2.0 % |
 |
FRANCE | 1.3 % |
 |
CANADA | 1.2 % |
 |
NORWAY | 0.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.3% | 23.3% | 10.1% | 9.5% | -- | -- | 7.9% | Volatility | 10.0% | 10.1% | 11.6% | 14.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 70% |
| MSCI EAFE | 0.68 | 69% |
| MSCI Emg Mkts | 0.44 | 28% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $35,676 |
Technical Indicators
| Recent close | $31.70 |
| 30d moving avg. | $33.41 |
| Annualized volatility | 14.2% |
| Relative strength (RSI) | 52 |
| 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. FBCV |
Expenses vs. FBCV |
ALTAR Score™ vs. FBCV |
|---|---|---|---|---|
| IWX | iShares Russell Top 200 Value ETF | 35.1% | -39 bp | -1.0% |
| MGV | Vanguard Mega Cap Value ETF | 33.9% | -52 bp | -0.6% |
| FMIL | Fidelity New Millennium ETF | 32.0% | 0 bp | -2.7% |
| FFLC | Fidelity Fundamental Large Cap Core ETF | 31.0% | -21 bp | -2.5% |
| IVE | iShares S&P 500 Value ETF | 31.0% | -41 bp | -0.8% |
| VOOV | Vanguard S&P 500 Value ETF | 30.9% | -49 bp | -0.7% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 30.9% | -55 bp | -0.6% |
| STXV | Strive 1000 Value ETF | 30.7% | -41 bp | +0.6% |
| VTV | Vanguard Value ETF | 30.6% | -55 bp | -0.5% |
| DFLV | Dimensional US Large Cap Value ETF | 30.4% | -37 bp | +0.5% |
Risk and Returns: FBCV 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 | --% |
Based on closing prices from 12/23/2024
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
FBCV
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FBCV
7.3%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. FBCV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places FBCV in the 75th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FBCVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| FBCV (59 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FBCV | 59.0 | 15.6 | 74.6 |
| Peer Avg. | 67.7 | 31.7 | 99.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .