ETF Evaluator: Fidelity Elctrc Vhcls & Ftr Trnsptn ETF (FDRV) Follow This ETF

Fidelity Elctrc Vhcls & Ftr Trnsptn ETF Overview

Fidelity Elctrc Vhcls & Ftr Trnsptn ETF (FDRV) is a passively managed Sector Equity Technology exchange-traded fund (ETF). Fidelity Investments launched the ETF in 2021.

The investment seeks to provide returns that correspond generally to the performance of the Fidelity Electric Vehicles and Future Transportation Index℠. The fund normally invests at least 80% of the fund's assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum engaged in the production of electric and/or autonomous vehicles and their components, technology, or energy systems, or engaged in other initiatives that aim to change the future of transportation.

About Fidelity Elctrc Vhcls & Ftr Trnsptn ETF (FDRV)

There are 5 members of the management team with an average tenure of 4.82 years: Louis Bottari (2021), Payal Gupta (2021), Peter Matthew (2021), Navid Sohrabi (2021) and Robert Regan (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Fidelity Electric Veh & Futu Tran NR USD index with a weighting of 100%. Fidelity Elctrc Vhcls & Ftr Trnsptn ETF has 65 securities in its portfolio. The top 10 holdings constitute 49.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

Fidelity Elctrc Vhcls & Ftr Trnsptn ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Fidelity Elctrc Vhcls & Ftr Trnsptn ETF has 49.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 50.4% There is 49.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Elctrc Vhcls & Ftr Trnsptn ETF has 12.7% of the portfolio in cash.

Assets Under Management

The fund has $25 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FDRV Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Elctrc Vhcls & Ftr Trnsptn ETF expense ratio is below average compared to funds in the Technology category. Fidelity Elctrc Vhcls & Ftr Trnsptn ETF has an expense ratio of 0.39%, which is 28% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Elctrc Vhcls & Ftr Trnsptn ETF has a portfolio turnover rate of 77%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.

Recently, in the month of July 2026, Fidelity Elctrc Vhcls & Ftr Trnsptn ETF returned -8.2%, which earned it a grade of C, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Fidelity Elctrc Vhcls & Ftr Trnsptn ETF has a trailing yield of 1.31%, which is above the 0.45% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Fidelity Elctrc Vhcls & Ftr Trnsptn ETF Grades

Year to date, the ETF has returned 8.4%, 12.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 18.7% over the past year (grade of D) and -4.9% over the past three years (grade of F).

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