Fidelity Core Dividend ETF
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2021E    2022E
P/E
ratio
16.1x P/Sales
ratio
2.0x
P/BV
ratio
2.0x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fidelity Core Dividend ETF tracks an index of large- and midcap companies that exhibit positive dividend characteristics, with overweights to sectors that exhibit higher dividend yield.

FUND BASICS
Category US Equities
Fund Sponsor Fidelity
Website screener.fidelity.com
Inception date Sep 12, 2016
Assets (mns) $692
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 107
Wgt avg mkt cap (mns) $354,306
Large cap (>$10bn) 86.7%
Mid cap ($2-10bn) 12.4%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.9 %
MICROSOFT CORP 5.0 %
JPMORGAN CHASE & CO 2.8 %
PROCTER & GAMBLE CO/THE 2.7 %
EXXON MOBIL CORP 2.2 %
CHEVRON CORP 2.2 %
BANK OF AMERICA CORP 2.1 %
PEPSICO INC 2.1 %
PHILIP MORRIS INTERNATIONAL 2.1 %
WILLIAMS COS INC 2.0 %
Total 29.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.0 %
BRITAIN 5.8 %
JAPAN 1.9 %
IRELAND 1.1 %
AUSTRALIA 0.6 %
BERMUDA 0.5 %
SWITZERLAND 0.4 %
HONG KONG 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
5.0% 20.8% -- -- 10.6%

Market Correlations
versus... Beta R-squared
S&P500 1.08 90%
MSCI EAFE 1.06 87%
MSCI Emg. Mkts. 0.86 71%

Technical Indicators
Recent close $33.69
30d moving avg. $33.42
Annualized volatility 20.9%
Short interest (ETF) 0.4%
Short interest (Underlying) 1.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 113
Turnover 0.6%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $73,996

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Fidelity Core Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with FDVV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDVV Expense: 29 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDVV
Ticker Fund
Name
Overlap1
vs FDVV
(%)
Expense
ratio
(bp)
Savings
vs FDVV
(bp)
ALTAR
Score™
(%)
ALTAR
vs FDVV
(%)
FDRR Fidelity Dividend ETF for Rising Rates 59.2 29 0 6.1 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 46.2 25 4 6.0 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 45.2 28 1 6.4 +0.3
DTD WisdomTree U.S.Total Dividend Fund 42.7 28 1 6.4 +0.4
ESGV Vanguard ESG U.S. Stock ETF 38.6 12 17 4.6 -1.4
OEF iShares S&P 100 ETF 38.6 20 9 4.5 -1.6
MGC Vanguard Mega Cap Index Fund 38.4 7 22 4.8 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 38.2 30 -1 6.7 +0.6
VYM Vanguard High Dividend Yield Index ETF 37.9 6 23 6.8 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 37.8 8 21 6.1 +0.1
VOOV Vanguard S&P 500 Value ETF 37.6 10 19 6.2 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 37.5 0 29 4.7 -1.3
IWL iShares Russell Top 200 ETF 37.4 15 14 4.6 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 37.3 25 4 5.6 -0.4
MGV Vanguard Mega Cap Value ETF 36.9 7 22 6.6 +0.5
PBP Invesco S&P 500 BuyWrite ETF 36.5 49 -20 4.5 -1.6
EFIV SPDR S&P 500 ESG ETF 36.4 10 19 4.9 -1.2
SNPE Xtrackers S&P 500 ESG ETF 36.3 10 19 4.9 -1.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 36.2 15 14 4.9 -1.2
XYLG Global X S&P 500 Covered Call & Growth ETF 36.1 60 -31 4.4 -1.6
DGRO iShares Core Dividend Growth ETF 36.1 8 21 6.4 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 36.1 32 -3 4.7 -1.4
XLG Invesco S&P 500 Top 50 ETF 36.0 20 9 4.3 -1.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 35.9 37 -8 5.7 -0.4
JKF iShares Morningstar Large Cap Value ETF 35.8 25 4 6.9 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.7 20 9 4.7 -1.3
SPY SPDR S&P 500 ETF Trust 35.7 9 20 4.8 -1.2
IVV iShares Core S&P 500 ETF 35.6 3 26 4.9 -1.2
SPLG SPDR Portfolio Large Cap ETF 35.6 3 26 4.9 -1.2
VOO VANGUARD S&P 500 ETF 35.3 3 26 4.9 -1.2
QDEF FlexShares Quality Dividend Defensive Index Fund 35.1 37 -8 5.7 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.1 20 9 4.9 -1.2
QDF FlexShares Quality Dividend Index Fund 35.1 37 -8 5.6 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 35.0 7 22 4.7 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 34.6 27 2 4.8 -1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 34.6 25 4 5.5 -0.5
VV Vanguard Large-Cap Index Fund 34.6 4 25 4.7 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 34.5 2 27 4.8 -1.3
PRF Invesco FTSE RAFI US 1000 ETF 34.5 39 -10 5.7 -0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 34.4 15 14 0.0 -6.1
PBUS Invesco PureBeta MSCI USA ETF 34.4 4 25 4.8 -1.3
EQWL Invesco Russell Top 200 Equal Weight ETF 34.4 25 4 5.8 -0.2
VTV Vanguard Value Index Fund 34.0 4 25 6.6 +0.5
YLDE ClearBridge Dividend Strategy ESG ETF 33.9 60 -31 4.7 -1.3
SPTM SPDR Portfolio Total Stock Market ETF 33.8 3 26 4.9 -1.1
SCHX Schwab U.S. Large-Cap ETF 33.8 3 26 4.7 -1.4
IQSU IQ Candriam ESG US Equity ETF 33.4 9 20 4.7 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 33.3 15 14 4.6 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 33.3 15 14 5.4 -0.6
SPYV SPDR Portfolio S&P 500 Value ETF 33.2 4 25 6.3 +0.2
IVE iShares S&P 500 Value ETF 33.2 18 11 6.1 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 33.1 27 2 4.4 -1.7
XVV iShares ESG Screened S&P 500 ETF 33.0 8 21 4.9 -1.1
IWB iShares Russell 1000 ETF 32.9 15 14 4.6 -1.5
SPXN ProShares S&P 500 Ex-Financials ETF 32.7 27 2 4.4 -1.6
SCHK Schwab 1000 Index ETF 32.7 5 24 4.7 -1.4
IYY iShares Dow Jones U.S. ETF 32.7 20 9 4.6 -1.5
FVAL Fidelity Value Factor ETF 32.6 29 0 6.8 +0.7
QLC FlexShares US Quality Large Cap Index Fund 32.1 32 -3 4.8 -1.2
FQAL Fidelity Quality Factor ETF 32.1 29 0 5.1 -0.9
DGRW WisdomTree U.S. Quality Dividend Growth Fund 31.9 28 1 6.2 +0.2
VONE Vanguard Russell 1000 ETF 31.9 8 21 4.7 -1.4
IUSV iShares Core S&P U.S. Value ETF 31.7 4 25 6.3 +0.3
OUSA O'Shares FTSE US Quality Dividend ETF 31.4 48 -19 5.8 -0.3
SCHV Schwab U.S. Large-Cap Value ETF 31.2 4 25 6.1 +0.0
VTHR Vanguard Russell 3000 Index Fund 31.2 10 19 4.5 -1.5
IWV iShares Russell 3000 ETF 31.0 20 9 4.4 -1.6
SCHB Schwab U.S. Broad Market ETF 30.9 3 26 4.6 -1.5
IUS Invesco Strategic US ETF 30.7 19 10 5.2 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.7 3 26 4.5 -1.5
ACIO Aptus Collared Income Opportunity ETF 30.4 79 -50 4.1 -2.0
IOO iShares Global 100 ETF 30.3 40 -11 4.7 -1.4
DFAU Dimensional US Core Equity Market ETF 30.3 12 17 4.8 -1.3
VTI Vanguard Total Stock Market Index Fund 30.1 3 26 4.5 -1.5
SFY SoFi Select 500 ETF 30.0 0 29 4.7 -1.3
IWX iShares Russell Top 200 Value ETF 30.0 20 9 6.1 +0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 29.9 12 17 5.2 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 29.6 49 -20 4.9 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 29.5 29 0 4.6 -1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 29.4 75 -46 3.7 -2.4
VLU SPDR S&P 1500 Value Tilt ETF 29.3 12 17 5.9 -0.1
RECS Columbia Research Enhanced Core ETF 29.1 15 14 5.4 -0.6
DIA SPDR Dow Jones Industrial Average ETF Trust 28.8 16 13 5.2 -0.9
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 28.5 49 -20 4.4 -1.7
EDOW First Trust Dow 30 Equal Weight ETF 28.5 50 -21 5.3 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.4 9 20 5.0 -1.1
SPQQ Siren Large Cap Blend Index ETF 28.2 20 9 4.3 -1.7
FMK First Trust Mega Cap AlphaDEX Fund 28.0 70 -41 0.0 -6.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 27.8 60 -31 3.7 -2.4
VONV Vanguard Russell 1000 Value Index Fund 27.7 8 21 6.1 +0.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 27.7 19 10 5.2 -0.9
PFM Invesco Dividend Achievers ETF 27.5 53 -24 5.2 -0.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 27.4 52 -23 5.1 -1.0
JHML John Hancock Multifactor Large Cap ETF 27.3 29 0 5.0 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 27.2 49 -20 3.7 -2.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.0 12 17 4.1 -1.9
RWL Invesco S&P 500 Revenue ETF 27.0 39 -10 6.1 0.0

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity Core Dividend 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 12.8 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.50
 
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.