FDFF
Fidelity Disruptive Finance ETF
FDFF is an actively managed fund that invests in disruptive finance companies from around the world.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 43.1 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Apr 16, 2020 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CAPITAL ONE FINANCIAL CORP | 6.6 % |
| BLACKROCK INC | 5.3 % |
| APOLLO GLOBAL MANAGEMENT INC. | 4.7 % |
| ADYEN NV | 4.6 % |
| MASTERCARD INCORPORATED CLASS A | 4.5 % |
| DBS GROUP HOLDINGS LTD | 4.5 % |
| BLOCK INC. | 4.4 % |
| VISA INC. CLASS A | 4.4 % |
| EQUIFAX INC | 4.2 % |
| BANKINTER SA | 4.2 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 329 |
| Wgt avg mkt cap (mns) | $95,857 |
| Large cap (>$10bn) | 78.6% |
| Mid cap ($2-10bn) | 10.7% |
| Small cap (<$2bn) | 3.0% |
| Developed mkts. | 93.1% |
| Emerging mkts. | 0.9% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 62.4 % |
 |
BRITAIN | 5.8 % |
 |
NETHERLANDS | 4.6 % |
 |
SINGAPORE | 4.5 % |
 |
SPAIN | 4.2 % |
 |
ITALY | 3.9 % |
 |
BERMUDA | 2.9 % |
 |
CAYMAN ISLANDS | 1.9 % |
 |
NORWAY | 1.8 % |
 |
CANADA | 1.2 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -8.0% | -10.3% | 2.3% | -- | -- | -- | -- | 10.2% |
| Dividend Yield | 0.0% | 0.8% | 0.9% | -- | -- | -- | -- | 0.8% |
| Total Returns | -8.0% | -9.5% | 3.1% | -- | -- | -- | -- | 11.0% | Ann. Volatility | 24.2% | 22.9% | 20.1% | -- | -- | -- | -- | 19.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 72% |
| MSCI EAFE | 1.08 | 61% |
| MSCI Emg Mkts | 0.85 | 45% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $31.98 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -0.67/-0.66 |
| Bollinger Bands (Upper/Lower) | $33.18/$30.04 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDFF |
Expenses vs. FDFF |
ALTAR Score™ vs. FDFF |
|---|---|---|---|---|
| IPAY | ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund | 31.8% | +25 bp | +2.2% |
| BPAY | BlackRock Future Financial and Technology ETF | 23.8% | +20 bp | +1.1% |
| IYG | iShares US Financial Services ETF | 17.9% | -10 bp | -0.2% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 17.6% | -1 bp | -0.4% |
| FNCL | Fidelity MSCI Financials Index ETF | 17.4% | -42 bp | +0.9% |
| XLF | Financial Select Sector SPDR | 17.2% | -42 bp | +0.4% |
| VFH | Vanguard Financials ETF | 17.0% | -41 bp | +0.9% |
| FINX | Global X FinTech ETF | 16.7% | +18 bp | -2.3% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 14.4% | +10 bp | -0.3% |
| FFF | Founders 100 ETF | 14.2% | +25 bp | -2.8% |
Risk and Returns: FDFF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.4%
ALTAR SCORE™
75th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 579 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. FDFF's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places FDFF in the 75th percentile
among funds in the category.
Sell-Side Consensus
$42.49
PRICE TARGET
+35.4%
UPSIDE