ETF Evaluator:
Fidelity Disruptive Technology ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
Fidelity Disruptive Technology ETF Overview
Fidelity Disruptive Technology ETF (FDTX) is an actively managed Sector Equity Technology exchange-traded fund (ETF). Fidelity Investments launched the ETF in 2020.
The investment seeks long-term growth of capital.
The fund normally invests at least 80% of assets in securities of disruptive technology companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.
About Fidelity Disruptive Technology ETF (FDTX)
There are 2 members of the management team with an average tenure of 3.94 years: Michael Kim (2020) and Priyanshu Bakshi (2025). 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 MSCI ACWI IT Equal Weighted NR USD index with a weighting of 100%. Fidelity Disruptive Technology ETF has 51 securities in its portfolio. The top 10 holdings constitute 50.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Fidelity Disruptive Technology ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Fidelity Disruptive Technology ETF has 23.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 76.2% There is 23.0% 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 Disruptive Technology ETF has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $268 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.
FDTX 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 Disruptive Technology ETF expense ratio is average compared to funds in the Technology category. Fidelity Disruptive Technology ETF has an expense ratio of 0.50%, which is 7% lower than its category average, making the fund expense ratio grade a C. 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 Disruptive Technology ETF has a portfolio turnover rate of 44%, 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 Disruptive Technology ETF returned -11.9%, which earned it a grade of D, 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 Disruptive Technology ETF has a trailing yield of 0.00%, which is below 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 Disruptive Technology ETF Grades
Year to date, the ETF has returned 24.7%, 3.3 percentage points better than the category, which translates into a grade of B. The fund has returned 28.1% over the past year (grade of C), 23.1% over the past three years (grade of C) and 8.2% per year over the past five years (grade of D).
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FDTX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FDTX Return (NAV) | -11.9% | 11.4% | 28.1% | 23.1% | 8.2% | na |
| FDTX Return (Price) | -12.4% | 10.8% | 27.9% | 23.0% | 8.1% | na |
| NAV +/- Price Return | 0.469% | 0.600% | 0.218% | 0.099% | 0.025% | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| FDTX Grade (NAV) | D | B | C | C | D | na |
| +/- Category (NAV) | -2.1% | 4.1% | -5.5% | 0.8% | -2.3% | na |
| FDTX Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.1% | na |
FDTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FDTX Return (NAV) | 24.7% | 15.3% | 24.4% | 55.5% | -47.5% | 9.9% | na | na | na | na | na |
| FDTX Return (Price) | 24.5% | 15.3% | 24.0% | 56.1% | -47.5% | 9.9% | na | na | na | na | na |
| NAV +/- Price Ret | -0.008% | -0.001% | -0.016% | 0.011% | 0.000% | 0.000% | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| FDTX Grade (NAV) | B | D | B | B | F | D | na | na | na | na | na |
| +/- Category | 3.3% | -8.0% | 4.5% | 11.8% | -11.7% | -6.8% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.70 |
| R-Squared: | 62% |
| Standard Deviation: | 27.3% |
| Category Risk Index: | 1.03 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 2.22 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 268 Mil |
| Share Class Assets: | $ 268 Mil |
| Turnover: | 44.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.3 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Kim Michael (2020), Bakshi Priyanshu (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 51 |
| % in Top 10 Holdings: | 50.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 23.0% |
Portfolio Allocation |
|
| Domestic Stock: | 76.2% |
| Foreign Stock: | 23.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Fidelity Investments |
| Phone Number: | 800-343-3548 |
| Website: | www.institutional.fidelity.com |
| Inception Date: | April 16, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.54% |
