Fidelity Value Factor ETF
$82.57+0.18 (+0.22%)
- 0.15%
- $1.4B
- +24.3%
- 1.49%
- 0M sh
- $82.45
- low $67.20high $83.71
The ETF.net FVAL Grade
B
Score 60 out of 100
- 17 of 40
Score 60 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.B67 out of 100Rank 13 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.A81 out of 100Rank 22 of 37Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 19 of 39Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 17 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F19 out of 100Rank 40 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 24 of 40
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
- 137
- 44%
- NVDA
Sectors
- Technology39.3%
- Financials11.8%
- Health Care9.8%
- Communication9.3%
- Consumer Discretionary8.8%
- Industrials7.4%
- Consumer Staples4.4%
- Energy3.8%
- Materials2.4%
- Real Estate1.7%
- Utilities1.6%
Geography
- United States97.07%
- Ireland1.24%
- Bermuda0.97%
- United Kingdom0.44%
- Netherlands0.15%
- Canada0.12%
FVAL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FVAL$12,425
Returns run to the Oct 12, 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 | +15.3% |
| 1 month | +0.4% |
| 3 months | +4.1% |
| 1 year | +24.3% |
| 3 years | +21.6% |
| 5 years | +13.2% |
| 10 years | +14.6% |
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 | +15.3% | |
| 2025 | +19.6% | |
| 2024 | +18.0% | |
| 2023 | +23.1% | |
| 2022 | −14.4% | |
| 2021 | +30.3% | |
| 2020 | +9.1% |
FVAL in the news
Category Review
US multifactor funds ran 30 points apart
FVAL Dividends
- 1.49%
- $1.23
- $0.25 per share
- Quarterly
Distribution history
FVAL Risk
- 12.3%
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.
- 1.26
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
0.15%
FVAL0.15%
- The middle half of US Value Index funds
- Median 0.20%
12 of the 40 US Value Index funds charge less.
Other funds in US Value Index
- BRAUSRACWI US ETFExpense ratio 0.01%1 year return +21.8%
- BFELVFidelity Enhanced Large Cap Value ETF Expense ratio 0.18%1 year return +31.8%
- BIWNiShares Russell 2000 Value ETFExpense ratio 0.24%1 year return +24.5%
- BPYPrincipal Value ETFExpense ratio 0.15%1 year return +14.8%
- BREVSColumbia Research Enhanced Value ETFExpense ratio 0.20%1 year return +26.1%