FDTX
Fidelity Disruptive Technology ETF
FDTX is an actively managed fund that invests in innovative businesses believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI.
Global
EQUITY
Active
MANAGEMENT STYLE
162.6 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 16, 2020 |
| Assets (mns) | $163 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 8.2 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 6.3 % |
| MICROSOFT CORP | 5.2 % |
| SALESFORCE.COM INC | 4.9 % |
| ADOBE SYSTEMS INC | 4.3 % |
| META PLATFORMS INC | 4.3 % |
| ASML HOLDING NV | 4.2 % |
| NETFLIX INC | 4.2 % |
| AMAZON.COM INC | 4.1 % |
| ALPHABET INC. CLASS C | 4.1 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 347 |
| Wgt avg mkt cap (mns) | $638,099 |
| Large cap (>$10bn) | 98.2% |
| Mid cap ($2-10bn) | 1.6% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 88.7% |
| Emerging mkts. | 11.3% |
Country Exposure
 |
UNITED STATES | 68.6 % |
 |
NETHERLANDS | 6.9 % |
 |
TAIWAN | 6.3 % |
 |
JAPAN | 4.0 % |
 |
SINGAPORE | 2.4 % |
 |
SOUTH KOREA | 1.4 % |
 |
CHINA | 1.4 % |
 |
LUXEMBOURG | 1.3 % |
 |
IRELAND | 1.2 % |
 |
GERMANY | 1.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.6% | -- | -- | -- | -- | -- | 11.6% | Volatility | 23.6% | 22.7% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 14 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $101,808 |
Technical Indicators
| Recent close | $34.69 |
| 30d moving avg. | $33.13 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 1.2% |
| 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. FDTX |
Expenses vs. FDTX |
ALTAR Score™ vs. FDTX |
|---|---|---|---|---|
| LRGE | ClearBridge Large Cap Growth ESG ETF | 40.7% | +9 bp | +0.7% |
| CACG | ClearBridge All Cap Growth ESG ETF | 40.5% | +4 bp | +0.9% |
| XNTK | SPDR NYSE Technology ETF | 40.3% | -15 bp | +1.4% |
| IGM | iShares Expanded Tech Sector ETF | 38.3% | -9 bp | +1.6% |
| WUGI | AXS Esoterica NextG Economy ETF | 37.9% | +25 bp | -0.3% |
| PNQI | Invesco NASDAQ Internet ETF | 37.0% | +10 bp | -0.5% |
| AOTG | AOT Growth and Innovation ETF | 36.9% | +25 bp | +0.3% |
| QQQ | Invesco QQQ Trust Series I | 36.6% | -30 bp | +1.8% |
| QQQM | Invesco NASDAQ 100 ETF | 36.6% | -35 bp | +1.8% |
| JGRO | JPMorgan Active Growth ETF | 36.4% | -6 bp | +0.7% |
Risk and Returns: FDTX 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 11/15/2024
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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
FDTX
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FDTX
2.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. FDTX's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places FDTX in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDTXSELL
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 |
| FDTX (50 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDTX | 50.0 | 0.0 | 50 |
| Peer Avg. | 74.7 | 39.0 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .