FDTXFidelity
Fidelity Disruptive Technology ETF
$54.45+0.22% today
355852-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
The desk’s read
Flows are quiet — the past month netted out near zero, while the price has returned +33.2% so far this year. At 0.50% a year it is not the cheapest way in — ESMV runs the same ground at 0.18%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$154Massets under management
0.50%expense ratio · $50 per $10,000 a year
—net flow, trailing month
40Kavg daily volume, 30 days
50holdings
2023listed June 11, 2023 · beta 1.99
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | -4.0% |
| 1 month | +5.5% |
| 3 months | +7.0% |
| 6 months | +40.2% |
| YTD | +33.2% |
| 1 year | +40.3% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The risk read
40%realized volatility, 30 days (annualized)
31%realized volatility, 1 year
-19.6%deepest fall from a peak, 1 year
-6.7%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
—calls today
—puts today
—put/call ratio
22Kshares traded
The case against FDTX
Due diligence cuts both ways. These funds sit on the same shelf and beat FDTX on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.03% | $97.9B | +$245M | -47bp on fee · 634× the assets · +$245M in over the month | Head-to-head |
| IUSG iShares Core S&P U.S. Growth ETF | 0.04% | $33.8B | +$668M | -46bp on fee · 219× the assets · +$668M in over the month | Head-to-head |
| IUSV iShares Core S&P U.S. Value ETF | 0.04% | $28.1B | +$103M | -46bp on fee · 182× the assets · +$103M in over the month | Head-to-head |
| IVV iShares Core S&P 500 ETF | 0.03% | $900.9B | −$14.2B | -47bp on fee · 5834× the assets | Head-to-head |
| VOO Vanguard 500 Index Fund | 0.03% | $500.4B | — | -47bp on fee · 3241× the assets | Head-to-head |