Fidelity Core Dividend ETF
ALTAR
Score™
7.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.0x P/Sales
ratio
1.8x
P/BV
ratio
1.7x Div.
yield
4.2%


  • 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) $526
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 105
Wgt avg mkt cap (mns) $301,517
Large cap (>$10bn) 85.7%
Mid cap ($2-10bn) 13.5%
Small cap (<$2bn) 0.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.1 %
MICROSOFT CORP 5.2 %
PROCTER & GAMBLE CO/THE 3.6 %
PEPSICO INC 2.6 %
PHILIP MORRIS INTERNATIONAL 2.3 %
JPMORGAN CHASE & CO 2.2 %
WILLIAMS COS INC 2.2 %
PRAXAIR INC 2.0 %
CHEVRON CORP 2.0 %
WM MORRISON SUPERMARKETS 2.0 %
Total 30.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.5 %
BRITAIN 7.5 %
JAPAN 2.2 %
AUSTRALIA 1.0 %
IRELAND 0.9 %
BERMUDA 0.7 %
HONG KONG 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.6% 3.1% -- -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.03 90%
MSCI EAFE 1.10 85%
MSCI Emg. Mkts. 0.79 70%

Technical Indicators
Recent close $27.33
30d moving avg. $28.54
Annualized volatility 19.1%
Short interest (ETF) 0.6%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 105
Turnover 0.6%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $10,768

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.7%


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 7.7 -0.0
DLN WisdomTree U.S. LargeCap Dividend Fund 49.9 28 1 7.1 -0.7
DIVB iShares U.S. Dividend & Buyback ETF 46.5 25 4 7.3 -0.5
DTD WisdomTree U.S.Total Dividend Fund 46.3 28 1 7.2 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 41.3 8 21 7.2 -0.5
OEF iShares S&P 100 ETF 40.5 20 9 5.9 -1.9
DGRO iShares Core Dividend Growth ETF 40.2 8 21 7.0 -0.7
OUSA O'Shares FTSE US Quality Dividend ETF 39.5 48 -19 6.6 -1.1
BKLC BNY Mellon US Large Cap Core Equity ETF 39.2 0 29 6.0 -1.7
QDEF FlexShares Quality Dividend Defensive Index Fund 39.2 37 -8 7.0 -0.8
MGC Vanguard Mega Cap Index Fund 39.1 7 22 6.0 -1.8
IWL iShares Russell Top 200 ETF 38.9 15 14 5.8 -1.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 38.1 25 4 7.4 -0.3
VYM Vanguard High Dividend Yield Index ETF 37.4 6 23 7.6 -0.1
QDF FlexShares Quality Dividend Index Fund 37.4 37 -8 7.0 -0.7
RAFE PIMCO RAFI ESG U.S. ETF 37.3 29 0 7.7 +0.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 37.3 37 -8 7.1 -0.6
XLG Invesco S&P 500 Top 50 ETF 37.2 20 9 5.9 -1.8
ESG FlexShares STOXX US ESG Impact Index Fund 37.2 32 -3 5.7 -2.0
SPY SPDR S&P 500 ETF Trust 37.1 9 20 6.1 -1.7
PBP Invesco S&P 500 BuyWrite ETF 37.1 49 -20 5.7 -2.1
XYLG Global X S&P 500 Covered Call & Growth ETF 37.0 60 -31 5.7 -2.1
HSPX Global X S&P 500 Covered Call ETF 36.9 60 -31 5.5 -2.2
SPLG SPDR Portfolio Large Cap ETF 36.9 3 26 6.1 -1.6
IVV iShares Core S&P 500 ETF 36.8 3 26 6.1 -1.6
VOO VANGUARD S&P 500 ETF 36.7 3 26 6.1 -1.6
NACP Impact Shares NAACP Minority Empowerment ETF 36.5 75 -46 5.7 -2.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 36.4 7 22 6.0 -1.7
SNPE Xtrackers S&P 500 ESG ETF 36.4 10 19 6.0 -1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 36.3 25 4 7.4 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 36.2 20 9 6.1 -1.7
SPXE ProShares S&P 500 Ex-Energy ETF 36.2 27 2 6.1 -1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.9 20 9 5.7 -2.0
PBUS Invesco PureBeta MSCI USA ETF 35.8 4 25 6.0 -1.8
PRF Invesco FTSE RAFI US 1000 ETF 35.8 39 -10 7.4 -0.4
SCHX Schwab U.S. Large-Cap ETF 35.7 3 26 5.9 -1.8
MGV Vanguard Mega Cap Value ETF 35.7 7 22 7.3 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 35.6 3 26 6.2 -1.6
VV Vanguard Large-Cap Index Fund 35.6 4 25 5.9 -1.8
YLDE ClearBridge Dividend Strategy ESG ETF 35.4 60 -31 5.4 -2.3
ESGU iShares MSCI USA ESG Optimized ETF 35.3 15 14 5.8 -2.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.2 15 14 7.1 -0.6
USDY Pacific Global US Equity Income ETF 35.1 29 0 7.2 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 35.0 27 2 5.8 -1.9
SCHV Schwab U.S. Large-Cap Value ETF 34.9 4 25 7.3 -0.5
RECS Columbia Research Enhanced Core ETF 34.8 15 14 6.6 -1.2
SCHK Schwab 1000 Index ETF 34.8 5 24 5.9 -1.8
IYY iShares Dow Jones U.S. ETF 34.6 20 9 5.8 -2.0
IWB iShares Russell 1000 ETF 34.6 15 14 5.7 -2.0
QUS SPDR MSCI USA StrategicFactors ETF 34.2 15 14 6.2 -1.5
SPQQ Siren Large Cap Blend Index ETF 34.2 20 9 5.3 -2.4
FVAL Fidelity Value Factor ETF 34.1 29 0 8.6 +0.8
FQAL Fidelity Quality Factor ETF 34.1 29 0 6.3 -1.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 34.1 28 1 7.4 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 34.1 27 2 5.8 -1.9
VONE Vanguard Russell 1000 ETF 34.0 8 21 5.8 -1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.9 2 27 6.0 -1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 33.8 25 4 6.3 -1.5
QLC FlexShares US Quality Large Cap Index Fund 33.7 32 -3 6.0 -1.7
ESGV Vanguard ESG U.S. Stock ETF 33.4 12 17 5.9 -1.8
SCHB Schwab U.S. Broad Market ETF 33.4 3 26 5.8 -1.9
VTHR Vanguard Russell 3000 Index Fund 33.3 10 19 5.7 -2.1
VTV Vanguard Value Index Fund 33.3 4 25 7.5 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 33.3 3 26 5.8 -2.0
IQSU IQ Candriam ESG US Equity ETF 33.2 9 20 6.2 -1.5
IWV iShares Russell 3000 ETF 32.9 20 9 5.6 -2.2
IUS Invesco Strategic US ETF 32.8 19 10 7.1 -0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 32.0 12 17 5.1 -2.7
VOOV Vanguard S&P 500 Value ETF 31.9 10 19 7.4 -0.3
SPHQ Invesco S&P 500 Quality ETF 31.8 15 14 5.3 -2.5
IVE iShares S&P 500 Value ETF 31.7 18 11 7.4 -0.4
VTI Vanguard Total Stock Market Index Fund 31.6 3 26 5.7 -2.0
SPYV SPDR Portfolio S&P 500 Value ETF 31.6 4 25 7.5 -0.2
IOO iShares Global 100 ETF 31.2 40 -11 6.1 -1.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 30.8 60 -31 5.4 -2.3
SFY SoFi Select 500 ETF 30.8 0 29 5.6 -2.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 30.7 12 17 6.2 -1.5
CATH Global X S&P 500 Catholic Values Custom ETF 30.6 29 0 5.9 -1.8
VLU SPDR S&P 1500 Value Tilt ETF 30.4 12 17 7.7 -0.0
JKF iShares Morningstar Large Cap Value ETF 30.4 25 4 7.8 +0.0
IUSV iShares Core S&P U.S. Value ETF 30.3 4 25 7.6 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 30.3 49 -20 5.7 -2.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 30.2 38 -9 8.1 +0.4
EDOW First Trust Dow 30 Equal Weight ETF 29.9 50 -21 6.1 -1.6
ACIO Aptus Collared Income Opportunity ETF 29.8 79 -50 5.2 -2.6
IWX iShares Russell Top 200 Value ETF 29.8 20 9 6.9 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.8 9 20 6.2 -1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 29.7 75 -46 5.1 -2.6
JVAL JPMorgan U.S. Value Factor ETF 29.3 12 17 9.0 +1.3
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 29.1 49 -20 5.0 -2.7
DIA SPDR Dow Jones Industrial Average ETF Trust 29.1 16 13 5.7 -2.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 29.0 52 -23 5.6 -2.1
VOOG Vanguard S&P 500 Growth ETF 29.0 10 19 5.8 -1.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.0 19 10 6.8 -1.0
AFLG First Trust Active Factor Large Cap ETF 29.0 55 -26 6.4 -1.4
IVW iShares S&P 500 Growth ETF 28.7 18 11 5.7 -2.0
PFM Invesco Dividend Achievers ETF 28.6 53 -24 5.4 -2.3
JHML John Hancock Multifactor Large Cap ETF 28.6 29 0 6.0 -1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 28.5 4 25 5.9 -1.9
IUSG iShares Core S&P US Growth ETF 28.2 4 25 5.8 -1.9

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 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 13.3 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.51
 
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.