FCPI
Fidelity Stocks for Inflation ETF
FCPI tracks an indexof U.S. large- and midcap stocks based on multi-factor criteria with structural tilts towards inflation-sensitive sectors and industries. The index is market cap weighted.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
199.1 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 05, 2019 |
| Assets (mns) | $199 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 5.3 % |
| MICROSOFT CORP | 5.2 % |
| NVIDIA CORP | 4.8 % |
| VISTRA ENERGY CORP. | 3.0 % |
| ELI LILLY & CO | 2.5 % |
| PROCTER & GAMBLE CO/THE | 2.3 % |
| NATIONAL FUEL GAS CO | 2.2 % |
| CF INDUSTRIES HOLDINGS INC | 2.1 % |
| CHORD ENERGY CORPORATION | 2.1 % |
| CHENIERE ENERGY INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 105 |
| Herfindahl-Hirschman Index | 197 |
| Wgt avg mkt cap (mns) | $549,839 |
| Large cap (>$10bn) | 87.7% |
| Mid cap ($2-10bn) | 12.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.5 % |
 |
BERMUDA | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 23.9% | 38.0% | 18.8% | 11.9% | -- | -- | 12.7% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 86% |
| MSCI EAFE | 0.79 | 67% |
| MSCI Emg Mkts | 0.50 | 26% |
Liquidity Measures
| Avg. volume (000) | 25 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $129,239 |
Technical Indicators
| Recent close | $45.26 |
| 30d moving avg. | $43.56 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 2.6% |
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. FCPI |
Expenses vs. FCPI |
ALTAR Score™ vs. FCPI |
|---|---|---|---|---|
| FLRG | Fidelity U.S. Multifactor ETF | 57.6% | 0 bp | -0.8% |
| FQAL | Fidelity Quality Factor ETF | 42.8% | 0 bp | -2.3% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 38.6% | 0 bp | -2.2% |
| QLC | FlexShares US Quality Large Cap Index Fund | 37.5% | +10 bp | -2.7% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 37.2% | -6 bp | -2.7% |
| HDUS | Hartford Disciplined US Equity ETF | 36.5% | +4 bp | -2.2% |
| AFLG | First Trust Active Factor Large Cap ETF | 36.4% | +40 bp | -2.3% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 35.7% | +14 bp | -3.8% |
| LRGF | iShares U.S. Equity Factor ETF | 35.6% | -7 bp | -2.5% |
| JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 35.4% | 0 bp | -3.4% |
Risk and Returns: FCPI 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 11/20/2024
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
FCPI
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FCPI
8.1%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. FCPI's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places FCPI in the 86th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FCPISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FCPI (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FCPI | 15.0 | 14.6 | 29.6 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .