Fidelity Value Factor ETF
$81.91−0.66 (−0.80%)
- Expense ratio
- 0.15%
- Fund size
- $1.4B
- 1Y return
- +21.3%
- Yield · Last 12 months
- 1.49%
- Holdings
- 130
- Volume · 30D
- 0M sh
- NAV per share
- $82.62
- 52W range
The ETF.net FVAL Grade
Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 66Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 83Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 19Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 55Category rank
Our read on FVAL
BFidelity's own value screen in an index wrapper: roughly 130 US stocks chosen by its in-house value factor rules for 0.15% a year. Not the cheapest way to own value, but a more opinionated one.
The fund seeks returns generally matching the Fidelity U.S. Value Factor Index before fees and expenses. It invests at least 80% of assets in securities included in that index.
Why people hold it
- At 0.15% a year it undercuts the typical US value-factor fund, which runs closer to 0.18%.
- Roughly 130 names, not a thousand. Fidelity's U.S. Value Factor Index does the picking, so you get a concentrated read on value instead of a broad value bucket.
- The rules are on paper: US equities, at least 80% of assets in index constituents, cash paid quarterly.institutional.fidelity.com
- Live since 2016, so the strategy has already run through value being both in and out of favor.
Worth knowing
- Trades lightly next to the category's biggest value funds, so spreads can be wider and size takes more patience.
- You pay up for the screen. Plain-vanilla value funds such as VTV (0.03%) and IUSV (0.04%) cost a fraction of this one.
- One factor, one country. A US value tilt can spend long stretches out of step with the broad market.
FVAL Holdings
- Stocks
- 130
- 43%
- NVDA
Sectors
- Technology37.8%
- Financials12.2%
- Health Care9.8%
- Consumer Discr.9.1%
- Communication8.9%
- Industrials7.9%
- Cons. Staples4.4%
- Energy3.8%
- Materials2.7%
- Real Estate1.8%
- Utilities1.6%
Geography
- United States97.50%
- Ireland1.10%
- Bermuda0.66%
- United Kingdom0.60%
- Canada0.14%
FVAL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | FVAL |
|---|---|
| Year to date | +15.5% |
| 1 month | +0.3% |
| 3 months | +6.3% |
| 1 year | +21.3% |
| 3 years | +21.6% |
| 5 years | +13.2% |
| 10 years | +14.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FVAL |
|---|---|---|
| 2026 YTD | +15.5% | |
| 2025 | +19.6% | |
| 2024 | +18.0% | |
| 2023 | +23.1% | |
| 2022 | −14.4% | |
| 2021 | +30.3% | |
| 2020 | +9.1% |
FVAL in the news
ETF.net Research hasn’t filed on FVAL yet — coverage lands here as it’s written.
FVAL Dividends
- 1.49%
- $1.23
- $0.25 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.25 |
| Jun 18, 2026 | Jun 23, 2026 | $0.30 |
| Mar 20, 2026 | Mar 24, 2026 | $0.30 |
| Dec 19, 2025 | Dec 23, 2025 | $0.38 |
| Sep 19, 2025 | Sep 23, 2025 | $0.28 |
| Jun 20, 2025 | Jun 24, 2025 | $0.23 |
| Mar 21, 2025 | Mar 25, 2025 | $0.28 |
| Dec 20, 2024 | Dec 24, 2024 | $0.24 |
| Sep 20, 2024 | Sep 24, 2024 | $0.25 |
| Jun 21, 2024 | Jun 25, 2024 | $0.25 |
| Mar 15, 2024 | Mar 20, 2024 | $0.25 |
| Dec 15, 2023 | Dec 20, 2023 | $0.25 |
FVAL Risk
- 12.5%
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.
- 1.18
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.
- −23.4%
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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FVAL Cost
- The middle half of US Value Index funds
- Median 0.20%
12 of the 41 US Value Index funds charge less.