- Issuer
- Fidelity
- Inception Date
- Nov 5, 2019
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Fidelity Stocks for Inflation Factor Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $280M
Share Price Chart
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Performance
FCPI Performance Chart
Fidelity Stocks for Inflation ETF (FCPI) is up 10.8% since the beginning of the year. FCPI is currently trading at $55 per share. Investors who bought $1,000 worth of FCPI shares 5 years ago would now be looking at an investment worth $2,011.
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Returns By Period
Fidelity Stocks for Inflation ETF (FCPI) has returned 10.84% so far this year and 21.23% over the past 12 months.
Fidelity Stocks for Inflation ETF
- 1D
- -0.22%
- 1M
- 1.91%
- YTD
- 10.84%
- 6M
- 10.29%
- 1Y
- 21.23%
- 3Y*
- 20.76%
- 5Y*
- 15.00%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FCPI Monthly Returns History
Based on dividend-adjusted daily data since Nov 7, 2019, FCPI's average daily return is +0.06%, while the average monthly return is +1.26%. At this rate, an investment would double in approximately 4.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.0%, while the worst month was Mar 2020 at -14.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FCPI closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +8.4%, while the worst single day was Mar 16, 2020 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.38% | 2.41% | -4.85% | 7.47% | 3.80% | -0.40% | 10.84% | ||||||
| 2025 | 4.54% | -0.77% | -3.35% | -1.59% | 6.37% | 3.39% | 1.11% | 1.80% | 4.69% | -0.25% | 0.92% | -1.24% | 16.24% |
| 2024 | 3.08% | 4.66% | 4.75% | -4.24% | 6.15% | 2.35% | 1.45% | 3.13% | 1.65% | -0.87% | 8.23% | -6.41% | 25.54% |
| 2023 | 3.75% | -2.80% | 1.49% | 1.23% | -2.46% | 6.09% | 2.26% | -0.02% | -3.84% | -1.66% | 7.12% | 3.93% | 15.40% |
| 2022 | -2.51% | 0.30% | 2.97% | -4.85% | 2.49% | -11.85% | 9.18% | -2.93% | -8.20% | 12.64% | 3.70% | -5.55% | -7.11% |
| 2021 | 1.43% | 0.82% | 5.38% | 4.13% | 2.08% | 6.76% | -1.19% | 2.83% | -3.04% | 6.38% | -1.54% | 6.35% | 34.19% |
Benchmark Metrics
Fidelity Stocks for Inflation ETF has an annualized alpha of 1.33%, beta of 0.93, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since November 07, 2019.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (94.35%) than losses (92.64%) - typical of diversified or defensive assets.
- With beta of 0.93 and R2 of 0.88, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.33%
- Beta
- 0.93
- R²
- 0.88
- Upside Capture
- 94.35%
- Downside Capture
- 92.64%
Expense Ratio
FCPI has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
FCPI ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Stocks for Inflation ETF (FCPI) and compare them to 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.
| FCPI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.71 | 0.00 |
| Martin ratioReturn relative to average drawdown | 10.81 | 12.15 | -1.35 |
Dividends
Dividend History
Fidelity Stocks for Inflation ETF provided a 1.62% dividend yield over the last twelve months, with an annual payout of $0.88 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.86 | $0.56 | $0.66 | $0.55 | $0.40 | $0.90 | $0.11 |
Dividend yield | 1.62% | 1.74% | 1.29% | 1.88% | 1.77% | 1.19% | 3.53% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Stocks for Inflation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.20 | ||||||
| 2025 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.34 | $0.86 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.56 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.14 | $0.66 |
| 2022 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.55 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.40 |
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 Fidelity Stocks for Inflation ETF. 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 Fidelity Stocks for Inflation ETF was 37.26%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current Fidelity Stocks for Inflation ETF drawdown is 0.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.26%Mar 2020 | 2mo 2d | 9mo 19d | 11mo 21dJan 2020 - Jan 2021 |
Bear market2022 | -18.25%Sep 2022 | 6mo 4d | 1y 2mo | 1y 8moMar 2022 - Nov 2023 |
2025 selloff2025 | -17.44%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
Bear market2022 | -7.90%Feb 2022 | 1mo 19d | 1mo 4d | 2mo 23dJan 2022 - Mar 2022 |
2026 pullback2026 | -7.88%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
Drawdown Indicators
| FCPI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.26% | -56.78% | +19.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.88% | -9.10% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -18.90% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.25% | -25.43% | +7.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.29% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -10.72% | +6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.02% | -0.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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