FDRV
Fidelity Electric Vehicles and Future Transportation ETF
FDRV tracks a modified market-cap-weighted index of companies that are involved in the production of electric and/or autonomous vehicles or other initiatives regarding the future of transportation.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
30.3 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 05, 2021 |
| Assets (mns) | $30 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TESLA MOTORS INC | 6.0 % |
| UBER TECHNOLOGIES, INC. | 4.7 % |
| ANALOG DEVICES INC | 4.6 % |
| NXP SEMICONDUCTORS NV | 3.8 % |
| GARMIN LTD | 3.7 % |
| BYD CO LTD-H | 3.6 % |
| RIVIAN AUTOMOTIVE INC-A | 3.3 % |
| INFINEON TECHNOLOGIES AG | 3.1 % |
| SKYWORKS SOLUTIONS INC | 3.1 % |
| ON SEMICONDUCTOR CORPORATION | 3.0 % |
Constituent Breakdown
| Number of holdings | 61 |
| Herfindahl-Hirschman Index | 264 |
| Wgt avg mkt cap (mns) | $80,226 |
| Large cap (>$10bn) | 55.6% |
| Mid cap ($2-10bn) | 33.1% |
| Small cap (<$2bn) | 11.3% |
| Developed mkts. | 77.5% |
| Emerging mkts. | 22.6% |
Country Exposure
 |
UNITED STATES | 50.5 % |
 |
CHINA | 13.5 % |
 |
SOUTH KOREA | 7.9 % |
 |
SWITZERLAND | 6.0 % |
 |
IRELAND | 4.2 % |
 |
NETHERLANDS | 3.8 % |
 |
GERMANY | 3.1 % |
 |
FRANCE | 2.7 % |
 |
CANADA | 1.2 % |
 |
BELGIUM | 1.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -21.5% | -6.0% | -8.0% | -- | -- | -- | -22.1% | Volatility | 27.5% | 28.0% | 29.3% | 33.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 58% |
| MSCI EAFE | 1.51 | 60% |
| MSCI Emg Mkts | 1.50 | 59% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.36% |
| ADV of underlying (mns) | $20,494 |
Technical Indicators
| Recent close | $13.45 |
| 30d moving avg. | $13.80 |
| Annualized volatility | 34.7% |
| Relative strength (RSI) | 47 |
| 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. FDRV |
Expenses vs. FDRV |
ALTAR Score™ vs. FDRV |
|---|---|---|---|---|
| IDRV | iShares Self-driving EV & Tech ETF | 30.1% | +8 bp | +1.3% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 28.9% | +29 bp | +8.9% |
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 27.8% | +33 bp | +2.7% |
| DRIV | Global X Autonomous & Electric Vehicles ETF | 24.5% | +29 bp | +6.5% |
| HAIL | SPDR S&P Kensho Smart Mobility ETF | 23.6% | +6 bp | -1.3% |
| BATT | Amplify Lithium & Battery Technology ETF | 22.8% | +20 bp | +1.6% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 21.2% | +31 bp | +5.5% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 20.2% | +19 bp | -1.3% |
| XSD | SPDR S&P Semiconductor ETF | 19.1% | -4 bp | +6.4% |
| SNSR | Global X Internet of Things ETF | 18.3% | +29 bp | +6.3% |
Risk and Returns: FDRV 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 11/21/2024
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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
FDRV
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FDRV
-1.7%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. FDRV's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places FDRV in the 11st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDRVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| FDRV (39 bp) Percentile rank | 18 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDRV | 39.0 | 36.0 | 75 |
| Peer Avg. | 51.8 | 32.7 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .