Fidelity Stocks for Inflation ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.7x P/Sales
ratio
1.5x
P/BV
ratio
2.7x Div.
yield
2.4%


  • 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) $2
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 101
Wgt avg mkt cap (mns) $210,494
Large cap (>$10bn) 79.4%
Mid cap ($2-10bn) 20.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 4.4 %
APPLE INC 4.2 %
PROCTER & GAMBLE CO/THE 2.5 %
CELANESE CORP-SERIES A 2.4 %
RELIANCE STEEL & ALUMINUM 2.3 %
NEXTERA ENERGY GROUP 2.3 %
LYONDELLBASELL INDU-CL A 2.2 %
PHILLIPS 66 2.1 %
MERCK & CO. INC. 2.0 %
VALERO ENERGY CORP 1.9 %
Total 26.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.9 %
IRELAND 3.3 %
BRITAIN 2.2 %
CAYMAN ISLANDS 1.6 %
BERMUDA 0.8 %
PUERTO RICO 0.4 %
ISRAEL 0.4 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.4% -- -- -- -10.4%

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

Technical Indicators
Recent close $23.52
30d moving avg. $21.94
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 3
Turnover 3.0%
Bid/Ask (% of price) 0.70%
ADV underlying (mns) $73,064

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™: 6.8%


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
(%)
FQAL Fidelity Quality Factor ETF 37.8 29 0 5.5 -1.3
FVAL Fidelity Value Factor ETF 36.4 29 0 8.1 +1.3
RECS Columbia Research Enhanced Core ETF 34.8 15 14 5.7 -1.1
QLC FlexShares US Quality Large Cap Index Fund 34.8 32 -3 5.6 -1.2
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 31.8 29 0 4.3 -2.5
QDF FlexShares Quality Dividend Index Fund 30.9 37 -8 6.9 +0.1
PBP Invesco S&P 500 BuyWrite ETF 30.8 49 -20 5.1 -1.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 30.8 28 1 6.6 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 30.5 12 17 5.1 -1.7
MGC Vanguard Mega Cap Index Fund 30.4 7 22 5.3 -1.5
HSPX Global X S&P 500 Covered Call ETF 30.4 65 -36 5.0 -1.9
EPS WisdomTree U.S. Earnings 500 Fund 30.4 8 21 6.5 -0.3
ROUS Hartford Multifactor US Equity ETF 30.3 19 10 7.2 +0.4
DIVB iShares U.S. Dividend & Buyback ETF 30.2 25 4 6.5 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.2 20 9 5.1 -1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.2 9 20 5.6 -1.2
AFLG First Trust Active Factor Large Cap ETF 30.1 55 -26 5.6 -1.2
IWL iShares Russell Top 200 ETF 30.1 15 14 5.2 -1.6
QUS SPDR MSCI USA StrategicFactors ETF 30.1 15 14 5.9 -1.0
FDMO Fidelity Momentum Factor ETF 30.0 29 0 3.9 -2.9
OEF iShares S&P 100 ETF 30.0 20 9 5.0 -1.9
FLQL Franklin LibertyQ U.S. Equity ETF 29.9 15 14 6.3 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 29.9 27 2 5.1 -1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.9 19 10 5.7 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 29.8 12 17 5.3 -1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 29.7 20 9 5.5 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 29.6 27 2 5.4 -1.4
IUS Invesco Strategic US ETF 29.6 19 10 6.2 -0.6
SPLG SPDR Portfolio Large Cap ETF 29.5 3 26 5.5 -1.3
IVV iShares Core S&P 500 ETF 29.5 4 25 5.5 -1.3
SPY SPDR S&P 500 ETF Trust 29.5 9 20 5.5 -1.4
VOO VANGUARD S&P 500 ETF 29.5 3 26 5.5 -1.3
ESGU iShares MSCI USA ESG Optimized ETF 29.3 15 14 5.2 -1.7
VV Vanguard Large-Cap Index Fund 29.2 4 25 5.4 -1.4
EXT WisdomTree U.S. Total Earnings Fund 29.2 28 1 5.8 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.1 15 14 6.4 -0.5
PBUS Invesco PureBeta MSCI USA ETF 29.0 4 25 5.4 -1.4
SNPE Xtrackers S&P 500 ESG ETF 29.0 11 18 5.2 -1.6
KRMA Global X Conscious Companies ETF 29.0 43 -14 5.3 -1.5
VOOG Vanguard S&P 500 Growth ETF 29.0 10 19 4.4 -2.4
IQSU IQ Candriam ESG US Equity ETF 28.9 9 20 5.3 -1.5
SPYG SPDR Portfolio S&P 500 Growth ETF 28.9 4 25 4.5 -2.3
IVW iShares S&P 500 Growth ETF 28.9 18 11 4.3 -2.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.9 2 27 5.4 -1.4
IUSG iShares Core S&P US Growth ETF 28.7 4 25 4.5 -2.3
SCHX Schwab U.S. Large-Cap ETF 28.6 3 26 5.4 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 28.5 3 26 5.6 -1.2
IWB iShares Russell 1000 ETF 28.3 15 14 5.3 -1.5
SCHK Schwab 1000 Index ETF 28.3 5 24 5.4 -1.4
QUAL iShares MSCI Usa Quality Factor ETF 28.2 15 14 5.4 -1.4
VONE Vanguard Russell 1000 ETF 28.2 8 21 5.4 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 28.1 28 1 6.4 -0.4
IYY iShares Dow Jones U.S. ETF 28.1 20 9 5.3 -1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 28.1 60 -31 4.5 -2.3
ESGV Vanguard ESG U.S. Stock ETF 28.1 12 17 5.3 -1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 28.0 27 2 5.2 -1.6
CATH Global X S&P 500 Catholic Values Custom ETF 27.9 29 0 5.3 -1.5
NACP Impact Shares NAACP Minority Empowerment ETF 27.5 75 -46 4.6 -2.2
VTI Vanguard Total Stock Market Index Fund 27.5 3 26 5.3 -1.6
FDLO Fidelity Low Volatility Factor ETF 27.4 29 0 5.2 -1.6
IWV iShares Russell 3000 ETF 27.4 20 9 5.2 -1.7
SCHB Schwab U.S. Broad Market ETF 27.4 3 26 5.4 -1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.3 3 26 5.3 -1.6
AVUS Avantis U.S. Equity ETF 27.3 15 14 5.8 -1.0
VTHR Vanguard Russell 3000 Index Fund 27.3 10 19 5.3 -1.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 27.2 37 -8 6.8 +0.0
SYE SPDR MFS Systematic Core Equity ETF 27.1 60 -31 5.9 -0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.7 49 -20 4.2 -2.7
JHML John Hancock Multifactor Large Cap ETF 26.6 34 -5 5.6 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 26.4 25 4 6.6 -0.3
SFY SoFi Select 500 ETF 26.3 0 29 5.4 -1.5
SPMO Invesco S&P 500 Momentum ETF 26.1 13 16 4.5 -2.4
DGRO iShares Core Dividend Growth ETF 26.0 8 21 6.5 -0.3
DTD WisdomTree U.S.Total Dividend Fund 25.9 28 1 6.6 -0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.9 30 -1 6.8 -0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 25.8 12 17 4.9 -2.0
IWF iShares Russell 1000 Growth ETF 25.7 19 10 4.3 -2.5
VONG Vanguard Russell 1000 Growth Index Fund 25.7 8 21 4.4 -2.4
XLG Invesco S&P 500 Top 50 ETF 25.7 20 9 4.7 -2.1
SYV SPDR MFS Systematic Value Equity ETF 25.7 60 -31 7.4 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 25.6 32 -3 5.2 -1.6
IWY iShares Russell Top 200 Growth ETF 25.5 20 9 4.3 -2.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 25.3 52 -23 6.0 -0.8
VEGN US Vegan Climate ETF 25.3 60 -31 5.3 -1.5
DSI iShares MSCI KLD 400 Social ETF 25.3 25 4 5.3 -1.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 25.2 25 4 6.6 -0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.2 29 0 6.2 -0.6
FDVV Fidelity Core Dividend ETF 25.2 29 0 7.3 +0.5
RFFC RiverFront Dynamic US Flex-Cap ETF 24.8 52 -23 5.5 -1.3
QDEF FlexShares Quality Dividend Defensive Index Fund 24.7 37 -8 6.3 -0.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 24.6 15 14 4.8 -2.0
SUSL iShares ESG MSCI USA Leaders ETF 24.5 10 19 5.4 -1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 24.5 10 19 5.5 -1.4
EQWL Invesco Russell Top 200 Equal Weight ETF 24.5 25 4 6.0 -0.8
DSTL Distillate US Fundamental Stability & Value ETF 24.1 39 -10 6.5 -0.3
PWB Invesco Dynamic Large Cap Growth ETF 24.0 55 -26 3.5 -3.3
WOMN Impact Shares YWCA Women's Empowerment ETF 24.0 75 -46 4.6 -2.3
OUSA O'Shares FTSE US Quality Dividend ETF 23.3 48 -19 5.7 -1.1
PFM Invesco Dividend Achievers ETF 23.0 54 -25 5.4 -1.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 18.2 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.53
 
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.