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
166.2 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) | $166 |
| 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 | 6.0 % |
| SALESFORCE.COM INC | 5.4 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 5.3 % |
| MARVELL TECHNOLOGY, INC. | 5.3 % |
| MICROSOFT CORP | 4.9 % |
| NETFLIX INC | 4.6 % |
| META PLATFORMS INC | 4.5 % |
| AMAZON.COM INC | 4.3 % |
| SHOPIFY, INC. CLASS A | 4.2 % |
| ALPHABET INC. CLASS C | 4.0 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 332 |
| Wgt avg mkt cap (mns) | $662,952 |
| Large cap (>$10bn) | 99.2% |
| Mid cap ($2-10bn) | 0.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 91.3% |
| Emerging mkts. | 8.7% |
Country Exposure
 |
UNITED STATES | 65.6 % |
 |
NETHERLANDS | 6.6 % |
 |
TAIWAN | 5.3 % |
 |
JAPAN | 4.4 % |
 |
CANADA | 4.2 % |
 |
GERMANY | 2.7 % |
 |
AUSTRALIA | 2.7 % |
 |
ISRAEL | 2.2 % |
 |
SINGAPORE | 1.8 % |
 |
SOUTH KOREA | 1.4 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.9% | -- | -- | -- | -- | -- | 18.9% | 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) | 16 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $74,713 |
Technical Indicators
| Recent close | $36.77 |
| 30d moving avg. | $36.32 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 55 |
| 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 |
|---|---|---|---|---|
| AOTG | AOT Growth and Innovation ETF | 39.7% | +25 bp | +0.2% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 39.0% | +9 bp | +0.7% |
| FDG | American Century Focused Dynamic Growth ETF | 38.9% | -5 bp | -0.4% |
| FFOG | Franklin Focused Growth ETF FOCUSED GROWTH ETF | 38.4% | +11 bp | -0.1% |
| CACG | ClearBridge All Cap Growth ESG ETF | 38.1% | +4 bp | +0.9% |
| PNQI | Invesco NASDAQ Internet ETF | 37.7% | +10 bp | -0.5% |
| MVPS | Amplify Thematic All-Stars ETF | 34.9% | -1 bp | 0.0% |
| IGM | iShares Expanded Tech Sector ETF | 34.9% | -9 bp | +1.4% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 34.6% | -2 bp | -0.8% |
| JGRO | JPMorgan Active Growth ETF | 34.3% | -6 bp | +0.8% |
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 1/21/2025
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
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FDTX
2.8%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.5%. FDTX's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places FDTX in the 40th 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. | 72.5 | 38.5 | 110.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .