Fidelity Disruptive Technology ETF (FDTX)
The ETF focuses on long-term capital growth by investing in disruptive technology companies with innovative business models that could potentially disrupt traditional incumbents. It primarily targets companies engaged in big data, software as a service, cybersecurity, e-commerce, consumer technologies, rideshare, and next-generation hardware.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Apr 16, 2020 |
| Category | Technology Equities |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The Fidelity Disruptive Technology ETF has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Disruptive Technology ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.80% | 6.92% |
| 1 month | -3.03% | -2.83% |
| 6 months | 38.24% | 23.86% |
| 1 year | N/A | 23.33% |
| 5 years (annualized) | N/A | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.74% | 7.30% | -0.44% | |||||||||
| 2023 | -7.53% | -3.01% | 17.53% | 6.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Disruptive Technology 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 Disruptive Technology ETF was 18.61%, occurring on Oct 26, 2023. Recovery took 33 trading sessions.
The current Fidelity Disruptive Technology ETF drawdown is 6.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.61% | Jul 20, 2023 | 70 | Oct 26, 2023 | 33 | Dec 13, 2023 | 103 |
| -11.18% | Mar 8, 2024 | 30 | Apr 19, 2024 | — | — | — |
| -5.5% | Dec 29, 2023 | 4 | Jan 4, 2024 | 5 | Jan 11, 2024 | 9 |
| -5.37% | Feb 12, 2024 | 7 | Feb 21, 2024 | 7 | Mar 1, 2024 | 14 |
| -4.38% | Jun 16, 2023 | 6 | Jun 26, 2023 | 10 | Jul 11, 2023 | 16 |
Volatility
Volatility Chart
The current Fidelity Disruptive Technology ETF volatility is 7.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.