Fidelity Stocks for Inflation ETF
ALTAR
Score™
5.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.2x P/Sales
ratio
2.3x
P/BV
ratio
3.7x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FCPI tracks an indexof U.S. large- and midcap stocks based on multi-factor criteria with structural tilts towards inflation-sensitive sectors and industries. The index is market cap weighted.

FUND BASICS
Category US Equities
Fund Sponsor Fidelity
Website institutional.fidelity.com
Inception date Nov 05, 2019
Assets (mns) $4
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 97
Wgt avg mkt cap (mns) $313,997
Large cap (>$10bn) 80.6%
Mid cap ($2-10bn) 19.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.4 %
MICROSOFT CORP 4.3 %
CONOCOPHILLIPS 4.0 %
STEEL DYNAMICS INC 3.2 %
CABOT OIL & GAS CORP 3.0 %
RELIANCE STEEL & ALUMINUM 2.8 %
NEWMONT MINING CORP 2.2 %
PHILIP MORRIS INTERNATIONAL 2.0 %
UNION PACIFIC CORP 2.0 %
NEXTERA ENERGY GROUP 1.9 %
Total 31.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
CAYMAN ISLANDS 1.5 %
BERMUDA 0.5 %
CHINA 0.5 %
ISRAEL 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $26.83
30d moving avg. $25.91
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 2
Turnover 1.3%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $71,620

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Fidelity Stocks for Inflation ETF ETF based on the alternatives' overlap in portfolio holdings with FCPI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FCPI Expense: 29 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FCPI
Ticker Fund
Name
Overlap1
vs FCPI
(%)
Expense
ratio
(bp)
Savings
vs FCPI
(bp)
ALTAR
Score™
(%)
ALTAR
vs FCPI
(%)
FLRG Fidelity U.S. Multifactor ETF 45.3 29 0 5.9 +0.2
FQAL Fidelity Quality Factor ETF 38.4 29 0 5.0 -0.8
FVAL Fidelity Value Factor ETF 37.0 29 0 6.8 +1.1
STLC iShares Factors US Blend Style ETF 33.1 25 4 4.8 -0.9
ESGV Vanguard ESG U.S. Stock ETF 32.1 12 17 4.5 -1.3
SPMO Invesco S&P 500 Momentum ETF 31.7 13 16 3.8 -1.9
QLC FlexShares US Quality Large Cap Index Fund 31.5 32 -3 4.4 -1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.5 9 20 4.8 -0.9
EPS WisdomTree U.S. Earnings 500 Fund 31.3 8 21 5.9 +0.2
FLQL Franklin LibertyQ U.S. Equity ETF 30.4 15 14 5.9 +0.2
JQUA JPMorgan U.S. Quality Factor ETF 30.2 12 17 5.0 -0.7
KRMA Global X Conscious Companies ETF 30.0 43 -14 4.8 -0.9
RESP WisdomTree US ESG Fund of Benef Interest 30.0 28 1 5.0 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.9 15 14 5.8 +0.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 29.7 15 14 4.6 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 29.7 29 0 4.5 -1.2
SNPE Xtrackers S&P 500 ESG ETF 29.7 10 19 4.6 -1.1
EFIV SPDR S&P 500 ESG ETF 29.6 10 19 4.6 -1.2
MGC Vanguard Mega Cap Index Fund 29.6 7 22 4.6 -1.1
IWL iShares Russell Top 200 ETF 29.5 15 14 4.4 -1.3
RECS Columbia Research Enhanced Core ETF 29.5 15 14 5.1 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 29.4 27 2 4.3 -1.4
BKLC BNY Mellon US Large Cap Core Equity ETF 29.3 0 29 4.5 -1.3
PBP Invesco S&P 500 BuyWrite ETF 29.2 49 -20 4.3 -1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 29.2 20 9 4.8 -1.0
VOOG Vanguard S&P 500 Growth ETF 29.1 10 19 3.9 -1.8
XVV iShares ESG Screened S&P 500 ETF 28.9 8 21 4.9 -0.9
XYLG Global X S&P 500 Covered Call & Growth ETF 28.9 60 -31 4.4 -1.3
VOO VANGUARD S&P 500 ETF 28.8 3 26 4.8 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 28.8 27 2 4.6 -1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 28.7 60 -31 3.6 -2.1
SPY SPDR S&P 500 ETF Trust 28.7 9 20 4.7 -1.0
IVV iShares Core S&P 500 ETF 28.7 3 26 4.7 -1.0
SPLG SPDR Portfolio Large Cap ETF 28.6 3 26 4.7 -1.0
ROUS Hartford Multifactor US Equity ETF 28.6 19 10 5.8 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 28.5 25 4 5.9 +0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 28.4 19 10 5.3 -0.5
IQSU IQ Candriam ESG US Equity ETF 28.4 9 20 4.5 -1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 28.3 12 17 4.0 -1.7
ESGU iShares MSCI USA ESG Optimized ETF 28.3 15 14 4.4 -1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 28.3 4 25 3.7 -2.0
IVW iShares S&P 500 Growth ETF 28.3 18 11 3.5 -2.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 28.2 7 22 4.5 -1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 28.0 28 1 6.1 +0.4
PBUS Invesco PureBeta MSCI USA ETF 28.0 4 25 4.6 -1.1
STLG iShares Factors US Growth Style ETF 27.9 25 4 3.9 -1.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.9 2 27 4.6 -1.1
VV Vanguard Large-Cap Index Fund 27.9 4 25 4.6 -1.1
IUSG iShares Core S&P US Growth ETF 27.8 4 25 3.7 -2.1
AFLG First Trust Active Factor Large Cap ETF 27.6 55 -26 4.7 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.5 20 9 4.6 -1.2
SCHX Schwab U.S. Large-Cap ETF 27.5 3 26 4.5 -1.2
SPTM SPDR Portfolio Total Stock Market ETF 27.3 3 26 4.8 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 27.2 15 14 5.2 -0.5
SCHK Schwab 1000 Index ETF 27.2 5 24 4.6 -1.1
IWB iShares Russell 1000 ETF 27.2 15 14 4.4 -1.3
IWY iShares Russell Top 200 Growth ETF 27.1 20 9 3.6 -2.1
OEF iShares S&P 100 ETF 27.1 20 9 4.2 -1.5
IWF iShares Russell 1000 Growth ETF 27.0 19 10 3.4 -2.3
IYY iShares Dow Jones U.S. ETF 27.0 20 9 4.4 -1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 26.9 27 2 4.3 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 26.8 8 21 3.5 -2.2
VTHR Vanguard Russell 3000 Index Fund 26.6 10 19 4.4 -1.3
SYE SPDR MFS Systematic Core Equity ETF 26.6 60 -31 4.7 -1.0
QDF FlexShares Quality Dividend Index Fund 26.5 37 -8 5.5 -0.2
XLG Invesco S&P 500 Top 50 ETF 26.4 20 9 4.1 -1.6
HIPR Direxion High Growth ETF 26.3 40 -11 3.8 -1.9
DTD WisdomTree U.S.Total Dividend Fund 26.3 28 1 6.2 +0.5
SFY SoFi Select 500 ETF 26.2 0 29 4.5 -1.2
IWV iShares Russell 3000 ETF 26.1 20 9 4.3 -1.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 25.9 28 1 6.0 +0.3
SCHB Schwab U.S. Broad Market ETF 25.9 3 26 4.4 -1.3
VUG Vanguard Growth Index Fund 25.8 4 25 3.5 -2.2
ESG FlexShares STOXX US ESG Impact Index Fund 25.8 32 -3 4.4 -1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 25.8 75 -46 3.5 -2.2
VONE Vanguard Russell 1000 ETF 25.7 8 21 4.5 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 25.7 3 26 4.4 -1.3
DFAU Dimensional US Core Equity Market ETF 25.7 12 17 4.7 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 25.6 49 -20 3.4 -2.3
SPHQ Invesco S&P 500 Quality ETF 25.3 15 14 4.4 -1.3
SUSA iShares MSCI USA ESG Select ETF 25.3 25 4 4.2 -1.5
VTI Vanguard Total Stock Market Index Fund 25.2 3 26 4.4 -1.3
FDMO Fidelity Momentum Factor ETF 25.0 29 0 2.4 -3.3
QDEF FlexShares Quality Dividend Defensive Index Fund 25.0 37 -8 5.5 -0.2
QUAL iShares MSCI Usa Quality Factor ETF 24.9 15 14 5.0 -0.8
MGK Vanguard Mega Cap Growth ETF 24.8 7 22 3.6 -2.1
QYLD Global X NASDAQ 100 Covered Call ETF 24.7 60 -31 3.2 -2.6
OUSA O'Shares FTSE US Quality Dividend ETF 24.7 48 -19 5.5 -0.2
NUSI Nationwide Risk-Managed Income ETF 24.6 68 -39 3.1 -2.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 24.6 60 -31 3.1 -2.6
QQQM Invesco NASDAQ 100 ETF 24.5 15 14 3.5 -2.2
QQQ Invesco QQQ Trust 24.5 20 9 3.5 -2.2
RFFC RiverFront Dynamic US Flex-Cap ETF 24.5 52 -23 4.4 -1.3
JHML John Hancock Multifactor Large Cap ETF 24.4 29 0 4.8 -0.9
VEGN US Vegan Climate ETF 24.4 60 -31 3.9 -1.8
DSI iShares MSCI KLD 400 Social ETF 24.3 25 4 4.5 -1.2
SYG SPDR MFS Systematic Growth Equity ETF 24.1 60 -31 3.4 -2.3
NACP Impact Shares NAACP Minority Empowerment ETF 24.0 49 -20 4.7 -1.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 24.0 52 -23 4.9 -0.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity Stocks for Inflation ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.5 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.