FDRV - ETF AI Analysis
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Fidelity Electric Vehicles and Future Transportation ETF (FDRV)
Rating:59Neutral
Price Target:―
Positive Factors
Solid Recent Performance
The ETF has shown positive returns so far this year and in recent months, indicating supportive momentum in its theme.
Strong Semiconductor and Mobility Leaders
Several top holdings in chips and transportation technology have delivered strong gains, helping drive the fund’s overall results.
Global Exposure Within the EV Theme
Holdings spread across the U.S., Asia, and Europe give investors access to electric vehicle and future transportation companies in multiple major markets.
Negative Factors
High Sector Concentration
Nearly all assets are in consumer cyclical and technology stocks, which can make the fund more sensitive to swings in these areas of the market.
Weakness in Some Key EV Names
A few of the larger electric vehicle holdings have shown weak performance this year, which can drag on the ETF’s returns.
Niche Theme and Smaller Asset Base
The focused electric vehicle and transportation theme and relatively modest asset size may lead to higher volatility and less stability than broader, larger ETFs.
FDRV vs. SPDR S&P 500 ETF (SPY)
AUM25.30M
RegionGlobal
Expense Ratio0.39%
Beta1.31
IssuerFidelity
Inception DateOct 05, 2021
Dividend Yield1.39%
Asset ClassEquity
Index TrackedFidelity Electric Vehicles and Future Transportation Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume8,671
30 Day Avg. Volume11,762
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
20.82Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering47
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FDRV Summary
The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) tracks the Fidelity Electric Vehicles and Future Transportation Index, focusing on companies tied to electric cars and new ways of getting around. It holds businesses that make EVs, batteries, chips, and charging systems, including well-known names like Tesla and Uber. Someone might invest in this ETF to bet on the long-term growth of electric vehicles and to get a mix of related companies in one fund. A key risk is that it’s heavily focused on the EV and tech sectors, so its price can swing a lot with changes in those industries.
How much will it cost me?The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has an expense ratio of 0.4%, which means you’ll pay $4 per year for every $1,000 you invest. This is slightly higher than the average for passively managed ETFs because it focuses on a specialized sector, requiring more research and management to track the electric vehicle and future transportation industry.
What would affect this ETF?The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) could benefit from the global push toward sustainability, government incentives for electric vehicles (EVs), and advancements in EV technology, which support the growth of its top holdings like Tesla and BYD. However, potential risks include rising interest rates, which can increase borrowing costs for companies in the EV sector, and supply chain disruptions, particularly in critical components like semiconductors and batteries, which could impact key holdings such as Infineon Technologies and NXP Semiconductors.
FDRV Top 10 Holdings
FDRV is riding the global EV and chip wave, with Chinese battery giant CATL and automaker BYD doing much of the heavy lifting as their shares have been rising and adding spark to returns. On the flip side, Tesla has been losing steam, while NXP Semiconductors and Aptiv have been lagging, acting more like a headwind than a tailwind. Renesas offers a more mixed but generally supportive backdrop. Overall, the fund is tightly focused on consumer cyclical names and EV-related tech, with a distinctly global footprint spanning China, Europe, and Japan.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Contemporary Amperex Technology Co., Limited Class H | 5.33% | $1.35M | HK$2.17T | ― | 68 Neutral | |
| BYD Co | 4.94% | $1.25M | HK$1.01T | -21.78% | 66 Neutral | |
| Uber Technologies | 4.17% | $1.05M | $143.88B | -4.05% | 74 Outperform | |
| NXP Semiconductors | 4.17% | $1.05M | $47.35B | -1.40% | 70 Neutral | |
| Tesla | 4.09% | $1.03M | $1.33T | 37.09% | 73 Outperform | |
| Infineon Technologies AG | 4.08% | $1.03M | €48.57B | 31.88% | 67 Neutral | |
| Renesas Electronics | 4.00% | $1.01M | ¥3.99T | 13.57% | 64 Neutral | |
| Aptiv | 3.63% | $916.82K | $14.20B | 12.00% | 70 Outperform | |
| XPeng, Inc. Class A | 3.62% | $915.20K | HK$127.69B | -15.16% | 53 Neutral | |
| NIO Inc. Class A | 3.51% | $888.02K | HK$97.82B | 50.54% | 39 Underperform |
FDRV Technical Analysis
Negative
―
Price Trends
16.84
Negative
16.73
Negative
16.39
Negative
Market Momentum
-0.23
Positive
38.41
Neutral
12.56
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FDRV, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 16.30, equal to the 50-day MA of 16.84, and equal to the 200-day MA of 16.39, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 38.41 is Neutral, neither overbought nor oversold. The STOCH value of 12.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FDRV.
FDRV Peer Comparison
Comparison Results
Performance Comparison
FDRV
Fidelity Electric Vehicles and Future Transportation ETF
15.75
2.74
21.06%
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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