FDFF vs. FDTX

Last updated Jun 24, 2026

FDFF (Fidelity Disruptive Finance ETF) and FDTX (Fidelity Disruptive Technology ETF) are both exchange-traded funds - FDFF is a Financials Equities fund actively managed by Fidelity, while FDTX is a Technology Equities fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, FDFF returned 10.23%/yr vs 30.00%/yr for FDTX. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

FDFF vs. FDTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Finance ETF (FDFF) and Fidelity Disruptive Technology ETF (FDTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDFF achieves a -7.76% return, which is significantly lower than FDTX's 35.95% return.

FDFF

• 1D: -0.70%
• 1M: -1.05%
• YTD: -7.76%
• 6M: -9.14%
• 1Y: -10.47%
• 3Y*: 10.23%
• 5Y*: —
• 10Y*: —

FDTX

• 1D: -4.76%
• 1M: 8.87%
• YTD: 35.95%
• 6M: 34.56%
• 1Y: 49.22%
• 3Y*: 30.00%
• 5Y*: —
• 10Y*: —

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

FDFF vs. FDTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDFF Fidelity Disruptive Finance ETF	-7.76%	-2.75%	27.86%	16.58%
FDTX Fidelity Disruptive Technology ETF	35.95%	15.25%	23.99%	13.00%

Correlation

The correlation between FDFF and FDTX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023	0.62

The correlation between FDFF and FDTX has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.

FDFF vs. FDTX - Sectors Allocation Comparison

Sectors	FDFF	FDTX
Financial Services	75.4%	-
Technology	18.8%	86.4%
Industrials	4.2%	0.5%
Real Estate	0.8%	-
Consumer Cyclical	0.8%	5.6%
Basic Materials	-	-
Communication Services	-	7.5%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

FDFF vs. FDTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDFF

FDFF Risk / Return Rank: 5
FDFF Sharpe Ratio Rank: 4
FDFF Sortino Ratio Rank: 4
FDFF Omega Ratio Rank: 4
FDFF Calmar Ratio Rank: 5
FDFF Martin Ratio Rank: 5

FDTX

FDTX Risk / Return Rank: 52
FDTX Sharpe Ratio Rank: 55
FDTX Sortino Ratio Rank: 49
FDTX Omega Ratio Rank: 51
FDTX Calmar Ratio Rank: 54
FDTX Martin Ratio Rank: 49

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.

FDFF vs. FDTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and Fidelity Disruptive Technology ETF (FDTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	FDFF	FDTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	1.80	-2.37
Sortino ratio: Return per unit of downside risk	-0.68	2.33	-3.01
Omega ratio: Gain probability vs. loss probability	0.92	1.31	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.47	2.55	-3.02
Martin ratio: Return relative to average drawdown	-0.92	7.89	-8.81

FDFF vs. FDTX - Sharpe Ratio Comparison

The current FDFF Sharpe Ratio is -0.57, which is lower than the FDTX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FDFF and FDTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDFF vs. FDTX - Drawdown Comparison

The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum FDTX drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for FDFF and FDTX.

Drawdown Indicators

	FDFF	FDTX	Difference
Max Drawdown Largest peak-to-trough decline	-23.06%	-27.23%	+4.17%
Max Drawdown (1Y) Largest decline over 1 year	-22.31%	-19.38%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-23.06%	-27.23%	+4.17%
Current Drawdown Current decline from peak	-16.23%	-5.05%	-11.18%
Average Drawdown Average peak-to-trough decline	-6.49%	-5.50%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.41%	6.25%	+5.16%

Volatility

FDFF vs. FDTX - Volatility Comparison

The current volatility for Fidelity Disruptive Finance ETF (FDFF) is 5.51%, while Fidelity Disruptive Technology ETF (FDTX) has a volatility of 15.19%. This indicates that FDFF experiences smaller price fluctuations and is considered to be less risky than FDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDFF	FDTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	15.19%	-9.68%
Volatility (6M) Calculated over the trailing 6-month period	14.47%	23.17%	-8.70%
Volatility (1Y) Calculated over the trailing 1-year period	18.40%	27.51%	-9.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	26.40%	-7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	26.40%	-7.40%

FDFF vs. FDTX - Expense Ratio Comparison

Both FDFF and FDTX have an expense ratio of 0.50%.

Dividends

FDFF vs. FDTX - Dividend Comparison

FDFF's dividend yield for the trailing twelve months is around 1.07%, while FDTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FDFF Fidelity Disruptive Finance ETF	1.07%	0.86%	0.70%	0.27%
FDTX Fidelity Disruptive Technology ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDFF and FDTX in my portfolio?

FDFF and FDTX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDFF or FDTX?

FDTX has higher volatility (15.19%) compared to FDFF (5.51%). In terms of maximum drawdown, FDFF dropped -23.06% vs FDTX's -27.23%.

Which ETF is better, FDFF or FDTX?

On 3-year performance, FDTX leads with 30.00% vs 10.23% for FDFF. Both ETFs have the same 0.50% expense ratio. On volatility, FDFF has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDFF or FDTX?

Over the 3-year period, FDTX has performed better with a 30.00% return vs 10.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDFF or FDTX?

FDFF and FDTX have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, FDFF or FDTX?

FDFF has the higher dividend yield at 1.07%, compared with 0.00% for FDTX.

What is the main difference between FDFF and FDTX?

FDFF is categorized as Financials Equities, while FDTX is Technology Equities.

Which has better risk-adjusted returns?

FDTX currently has the higher Sharpe Ratio (1.80 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.