4ETF Fedelity Tech Div

Asset Allocation

Position	Category/Sector	Target Weight
FNCMX Fidelity NASDAQ Composite Index Fund	Large Cap Growth Equities	25%
FSELX Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	25%
FDVV Fidelity High Dividend ETF	Large Cap Blend Equities, Dividend	25%
FDGFX Fidelity Dividend Growth Fund	Large Cap Blend Equities, Dividend	25%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 4ETF Fedelity Tech Div, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	-0.93%	8.56%	8.85%	24.33%	19.37%	11.84%	13.61%
Portfolio 4ETF Fedelity Tech Div	0.12%	0.92%	26.85%	27.88%	56.13%	33.50%	22.31%	—
Portfolio components:
FDGFX Fidelity Dividend Growth Fund	2.23%	-2.45%	14.28%	15.02%	34.97%	25.84%	15.16%	13.99%
FDVV Fidelity High Dividend ETF	0.57%	2.54%	9.30%	9.44%	23.92%	19.75%	13.53%	—
FNCMX Fidelity NASDAQ Composite Index Fund	2.55%	-3.02%	11.32%	11.57%	33.78%	25.17%	13.84%	19.10%
FSELX Fidelity Select Semiconductors Portfolio	6.51%	5.34%	74.64%	78.43%	145.49%	63.72%	44.40%	38.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 15, 2016, 4ETF Fedelity Tech Div's average daily return is +0.09%, while the average monthly return is +1.77%. At this rate, an investment would double in approximately 3.3 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +17.8%, while the worst month was Mar 2020 at -15.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 4ETF Fedelity Tech Div closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +11.8%, while the worst single day was Mar 16, 2020 at -13.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.99%	-0.23%	-4.97%	17.83%	9.08%	-0.85%							26.85%
2025	1.10%	-2.47%	-7.02%	0.86%	9.86%	8.61%	3.95%	1.59%	5.82%	4.39%	-0.65%	0.70%	28.77%
2024	2.25%	7.33%	4.37%	-3.22%	7.80%	3.59%	-0.25%	1.31%	1.71%	-0.49%	4.58%	-0.09%	32.29%
2023	10.13%	-0.23%	4.99%	-1.16%	5.00%	6.87%	4.36%	-2.19%	-5.29%	-4.46%	10.27%	6.74%	39.07%
2022	-7.10%	-2.04%	4.02%	-10.93%	2.12%	-10.99%	11.74%	-5.04%	-10.65%	6.46%	9.50%	-7.22%	-21.40%
2021	0.78%	4.20%	3.13%	3.66%	1.70%	3.58%	0.69%	3.07%	-4.26%	7.30%	3.25%	3.31%	34.48%

Benchmark Metrics

4ETF Fedelity Tech Div has an annualized alpha of 5.29%, beta of 1.15, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since September 15, 2016.

This portfolio captured 130.83% of S&P 500 Index gains and 101.23% of its losses - amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 5.29% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 5.29%

Beta: 1.15

R²: 0.92

Upside Capture: 130.83%

Downside Capture: 101.23%

See how alpha, beta & R² have trended over time →

Expense Ratio

4ETF Fedelity Tech Div has an expense ratio of 0.44%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

FSELX

Fidelity Select Semiconductors Portfolio

FDGFX

Fidelity Dividend Growth Fund

FNCMX

Fidelity NASDAQ Composite Index Fund

FDVV

Fidelity High Dividend ETF

Return for Risk

Risk / Return Rank

4ETF Fedelity Tech Div ranks 90 for risk / return — in the top 90% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for 4ETF Fedelity Tech Div and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.94	1.86	+1.08
Sortino ratioReturn per unit of downside risk	3.68	2.53	+1.15
Omega ratioGain probability vs. loss probability	1.50	1.34	+0.16
Calmar ratioReturn relative to maximum drawdown	4.93	2.53	+2.40
Martin ratioReturn relative to average drawdown	21.05	11.37	+9.68

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
FDGFX Fidelity Dividend Growth Fund	81	2.38	3.15	1.42	3.34	14.65
FDVV Fidelity High Dividend ETF	71	2.24	3.14	1.41	2.44	10.11
FNCMX Fidelity NASDAQ Composite Index Fund	53	1.90	2.51	1.33	2.50	9.59
FSELX Fidelity Select Semiconductors Portfolio	95	4.03	4.13	1.57	9.83	35.64

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

The current 4ETF Fedelity Tech Div Sharpe ratio is 2.94 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.54 to 2.41, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of 4ETF Fedelity Tech Div compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

4ETF Fedelity Tech Div provided a 5.22% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	5.22%	5.96%	5.33%	3.78%	5.62%	4.49%	3.47%	4.14%	13.93%	8.37%	1.86%	6.29%
Portfolio components:
FDGFX Fidelity Dividend Growth Fund	8.35%	9.35%	9.81%	3.48%	11.46%	7.81%	1.89%	4.84%	22.93%	15.35%	1.58%	8.44%
FDVV Fidelity High Dividend ETF	2.70%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%
FNCMX Fidelity NASDAQ Composite Index Fund	0.46%	0.51%	0.61%	0.67%	0.88%	0.47%	0.67%	4.41%	1.93%	0.03%	1.01%	1.50%
FSELX Fidelity Select Semiconductors Portfolio	9.38%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the 4ETF Fedelity Tech Div. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the 4ETF Fedelity Tech Div was 36.20%, occurring on Mar 23, 2020. Recovery took 108 trading sessions.

The current 4ETF Fedelity Tech Div drawdown is 3.76%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-36.20%Mar 2020	1mo 2d	5mo 5d	6mo 7dFeb 2020 - Aug 2020
Bear market2022	-29.51%Oct 2022	9mo 20d	9mo 1d	1y 6moDec 2021 - Jul 2023
2025 selloff2025	-24.16%Apr 2025	2mo 14d	2mo 3d	4mo 17dJan 2025 - Jun 2025
Rate-hike selloffLate 2018	-20.35%Dec 2018	3mo 26d	3mo 10d	7mo 6dAug 2018 - Apr 2019
2024 correction2024	-12.50%Aug 2024	27d	2mo 5d	3mo 2dJul 2024 - Oct 2024

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 4 assets, with an effective number of assets of 4.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.08	1.07	1.07	1.08

The portfolio has a diversification ratio of 1.08, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

4ETF Fedelity Tech Div correlation to the S&P 500 Index

4ETF Fedelity Tech Div has a 0.90 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016	0.94

Benchmark Correlations

Correlation vs. S&P 500 Index. FNCMX has the highest benchmark correlation at 0.93, while FSELX has the lowest at 0.78.

0.78

0.88

0.91

0.93

Portfolio Correlations

Correlation vs. 4ETF Fedelity Tech Div. FNCMX has the highest portfolio correlation at 0.93, while FDVV has the lowest at 0.83.

0.83

0.90

0.93

0.93

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	FSELX	FDVV	FDGFX	FNCMX
FSELX	1.00	0.64	0.73	0.84
FDVV	0.64	1.00	0.88	0.73
FDGFX	0.73	0.88	1.00	0.80
FNCMX	0.84	0.73	0.80	1.00

The correlation results are calculated based on daily price changes starting from Sep 15, 2016

Diversification Analysis

Find what 4ETF Fedelity Tech Div is missing

See which holdings overlap, where 4ETF Fedelity Tech Div is concentrated, and which low-correlation assets could fill the gaps.

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