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Launched · SEC filings

Fidelity Electric Vehicles and Future Transportation ETF

FDRVCboeFidelityB

$14.92+0.25 (+1.70%)

As of Nov 2, 2026, 3:59 PM ET

B64/ 100

Rank 1 of 7 in EV & Battery

B64/100Rank 1 of 7inEV & Battery
Intraday session: up, 79 prints from 14.67 to 14.92. Range 14.92 to 15.27. Use the arrow keys to read each point.14.8015.0015.1015.2015.3010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$23M
1Y total return
−15.4%
Yield · Last 12 months
1.49%
Holdings
61
Avg volume · 30D
5.56K sh
52W range
low $14.52high $21.63
Launched
Filings
SEC EDGAR

The ETF.net FDRV Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
EV & Battery⁠
Rank
1 of 7
Six-pillar profile for FDRV. Scores out of 100: Cost 89, Risk 32, Mission not scored, Tradability 48, Holdings 70, Durability 46. Strongest: Cost (89). Weakest: Risk (32). Based on 5 of 6 pillars.

Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A89 out of 100
    Rank 1 of 7

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 6 of 7

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 4 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 2 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C46 out of 100
    Rank 6 of 7

Our read on FDRV

ETF.net Research

In short

BFidelity's in-house index take on electric vehicles and future transportation: about 60 companies worldwide, wrapped at 0.39%, one of the cheaper tickets in the EV aisle.

Stated mandate

The fund seeks returns that generally correspond, before fees and expenses, to the performance of the Fidelity Electric Vehicles and Future Transportation Index.

Why people hold it

  • At 0.39%, it undercuts the typical fee in its EV and battery peer group, and sits below iShares' IDRV (0.48%) and Global X's DRIV (0.68%).
  • About 60 companies, global by mandate, so the electric-vehicle theme isn't riding on one carmaker or one country.
  • Plain index wrapper: a 1940 Act fund tracking Fidelity's own Electric Vehicles and Future Transportation Index, and one of the stronger builds in its cohort.
  • Pays distributions quarterly, so income timing is predictable even though this is a growth-themed basket.

Worth knowing

  • A small fund whose shares trade lightly, so spreads can run wider than at the category's biggest names.
  • One theme, tied to the auto and battery cycle. Expect bigger swings than a broad-market index.
  • Launched in 2021, so the track record is short and covers only a slice of the EV cycle.

FDRV Performance

Launched Oct 5, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
FDRV$8,455
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FDRV $8,455. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FDRV. Periods over one year show the average yearly return.
PeriodFDRV
Year to date−9.7%
1 month−8.7%
3 months−17.1%
1 year−15.4%
3 yearsper year+1.7%
5 yearsper year−11.8%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FDRV
YearReturn barFDRV
2026 YTD−9.7%
2025+24.3%
2024−21.7%
2023+12.2%
2022−44.2%
2021+7.0%

History from Oct 7, 2021

FDRV in the news

FDRV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.49%Last 12 months
Payout per share
$0.22Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2021–2026

One bar per payment. 18 payments from 2021 to 2026 YTD. Dec 17, 2021 $0.01; Mar 18, 2022 $0.007; Jun 17, 2022 $0.02; Sep 16, 2022 $0.007; Dec 16, 2022 $0.02; Jun 16, 2023 $0.02; Sep 15, 2023 $0.01; Dec 15, 2023 $0.01; Jun 21, 2024 $0.05; Sep 20, 2024 $0.001; Dec 20, 2024 $0.01; Mar 21, 2025 $0.01; Jun 20, 2025 $0.06; Sep 19, 2025 $0.04; Dec 19, 2025 $0.08; Mar 20, 2026 $0.05; Jun 18, 2026 $0.07; Sep 18, 2026 $0.02. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.02
Jun 18, 2026Jun 23, 2026$0.07
Mar 20, 2026Mar 24, 2026$0.05
Dec 19, 2025Dec 23, 2025$0.08
Sep 19, 2025Sep 23, 2025$0.04
Jun 20, 2025Jun 24, 2025$0.06
Mar 21, 2025Mar 25, 2025$0.01
Dec 20, 2024Dec 24, 2024$0.01
Sep 20, 2024Sep 24, 2024$0.001
Jun 21, 2024Jun 25, 2024$0.05
Dec 15, 2023Dec 20, 2023$0.01
Sep 15, 2023Sep 20, 2023$0.01

See all 18 payments⁠

$10,000 in FDRV 5 years ago paid $164 in dividends.⁠

FDRV Risk

Risk pillarD32 out of 100Rank 6 of 7 in EV & Battery
How much the fund’s monthly returns vary, scaled to a year.
24.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.0003
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−63.9%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.72
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FDRV Cost

Cheapest in EV & Battery

$7,898

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FDRV 0.39%

    $7,898

$10,000
30 years

Cost over time

  • FDRV 0.39%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FDRV $7,898

Year by year

YearFDRV
10$705
20$2,725
30$7,898

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