FCPI vs IMCV: Grades, Fees and Holdings Compared

Fidelity Stocks for Inflation ETF

FCPIBCboe

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Overlap

8.9%by weight

Expense ratio

IMCV −0.09pt a year

FCPI0.15%IMCV0.06%

Avg volume · 30D

IMCV 2.0×the volume

FCPI19.7KIMCV38.9K

5Y return · a year

FCPI +2.3pt

FCPI+13.3%IMCV+11.0%

FCPI vs IMCV Performance

Oct 29, 2021 – Oct 30, 2026

+86.8%FCPI+68.3%IMCV

Expense ratio: FCPI 0.15%; IMCV 0.06%, better
Fund size: FCPI $282M; IMCV $1.27B
1Y total return: FCPI +13.6%; IMCV +27.0%, better
Yield (12M): FCPI 1.53%; IMCV 1.84%, better
Holdings: FCPI 102; IMCV 271
Avg volume (30D): FCPI 19.7K sh; IMCV 38.9K sh, better
NAV per share: FCPI $55.83; IMCV $99.16
52W range

ETF.net Grade

Pillar letters and Scores for FCPI, IMCV, with each pillar’s weight
Pillar	FCPI	IMCV
Cost30% weight	A83	A96Higher
Mission25% weight	A80Higher	A76
Risk15% weight	B59	A77Higher
Tradability15% weight	C42	B69Higher
Holdings10% weight	D30	B69Higher
Durability5% weight	C41	A77Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. FCPI and IMCV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

IMCV ranks 4th and FCPI 35th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 5ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 79
Rank 32BULVMVictoryShares US Value Momentum ETFScore 66
Rank 35BFCPIFidelity Stocks for Inflation ETFScore 65
Rank 35BGSSCGoldman Sachs ActiveBeta U.S. Small Cap Equity ETFScore 65

Our read on each fund

ETF.net Research

FCPIBFidelity Stocks for Inflation ETF

IMCVAiShares Morningstar Mid-Cap Value ETF

In short

FCPI A multifactor fund with an inflation twist: value, quality and momentum screens first, then a tilt toward industries that tend to outperform when prices are rising. All for 0.15% a year.

IMCV No data

Stated mandate

FCPI The fund seeks investment returns that generally correspond, before fees and expenses, to the performance of the Fidelity Stocks for Inflation Factor IndexSM.

IMCV No data

Why people hold it

FCPI 0.15% a year, under half the 0.32% median for multifactor peers. The factor tilt isn't being eaten by the fee.
Value, quality and momentum is table stakes. The inflation overlay, emphasizing industries that tend to outperform in inflationary environments, is what sets this one apart.sec.gov
Live since 2019 and one of the stronger implementations in a crowded multifactor field, with a rules-based Fidelity index doing the picking.
About 100 large and mid-cap US stocks, paying quarterly.sec.gov

IMCV No data

Worth knowing

FCPI It trades thinly. Spreads can run wider than on heavily traded peers like VYM or IUSG, which matters most on larger orders.
Roughly 100 names, not 500. Single stocks and the industry tilts carry real weight, so results can drift from the broad market.
The benchmark is Fidelity's own proprietary index rather than a third-party one, and the inflation screen has only been running in live markets since 2019.sec.gov

IMCV No data

Full FCPI profile⁠

Full IMCV profile⁠

FCPI vs IMCV Holdings

How FCPI and IMCV differ

Overlap by weight

8.9%

Shared holdings make up 22.1% of FCPI and 10.1% of IMCV.

Level by level

Holdings23 in both8.9%
Sector11 Sectors65.3%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in FCPI and IMCV, widest gap first
Sector	More in FCPIMore in IMCV	FCPI	IMCV
Technology	FCPI +25.6 points	32.1%	6.5%
Financials	IMCV +11.9 points	6.6%	18.5%
Industrials	IMCV +10.1 points	4.1%	14.2%
Utilities	IMCV +5.6 points	3.4%	9.0%
Communication	FCPI +4.1 points	5.2%	1.1%
Energy	IMCV +3.3 points	10.1%	13.4%
Consumer Discretionary	IMCV +3.0 points	3.9%	6.9%
Materials	FCPI +2.6 points	7.6%	5.0%
Health Care	FCPI +2.1 points	14.3%	12.2%
Real Estate	IMCV +0.8 points	3.8%	4.6%
Consumer Staples	FCPI +0.3 points	9.0%	8.7%

Country, concentration and asset class

Country by domicile

Country weights in FCPI and IMCV, widest gap first
Country	More in FCPIMore in IMCV	FCPI	IMCV
United States	FCPI +1.3 points	100.0%	98.7%
Other countries (4)	IMCV +1.3 points	0.0%	1.3%

Concentration

Weight in the 10 largest Holdings

FCPI40.3%
IMCV13.2%

Securities held

FCPI99
IMCV268

Asset class

FCPI: Equity
IMCV: Equity

Holdings

Only in FCPI76
In both23
Only in IMCV245

Only in FCPI

76 securities, 77.7% of FCPI by weight

NVIDIA Corp6.27%
Apple Inc6.23%
Microsoft Corp4.82%
Apa Corp3.78%
Newmont Corp3.72%
Anglogold Ashanti PLC3.31%
Pbf Energy Inc Class A3.30%
Procter & Gamble Co2.82%
Altria Group Inc2.57%
Johnson & Johnson2.37%
Host Hotels & Resorts Inc2.15%
Broadcom Inc2.07%
Merck & Co Inc New2.05%
Nextera Energy2.02%
Darling Ingredients Inc1.94%
Alphabet Inc Class A1.89%
Bristol-Myers Squibb Co1.48%
Micron Technology Inc1.42%
Advanced Micro Devices Inc1.29%
Visa Inc Class A1.14%
Jazz Pharma PLC1.13%
Iridium Communications Inc1.08%
Meta Platforms Inc Class A0.91%
Citigroup Inc0.67%
Cisco Systems Inc0.66%
Capital One Financial Corp0.60%
Renaissancere Hldgs Ltd0.56%
Gamestop Corp Class A0.53%
Applied Materials Inc0.53%
Texas Instruments Inc0.53%
Marriott International Inc A0.52%
Lam Research Corp0.52%
Caterpillar Inc0.51%
Western Alliance Bancorp0.51%
Airbnb Inc Class A0.51%
Zions Bancorp0.50%
Popular Inc0.48%
Matson Inc0.46%
Block H & R Inc0.46%
Analog Devices Inc0.45%
Carnival Corp Ltd0.45%
Vertiv Holdings Co0.43%
Qualcomm Inc0.43%
Accenture PLC Class A0.43%
Macys Inc0.42%
Sandisk Corporation0.41%
Kla Corp0.41%
Cummins Inc0.38%
The Booking Holdings Inc0.38%
Enova Intl Inc0.37%

Only in IMCV

245 securities, 89.8% of IMCV by weight

Automatic Data Processing Inc1.60%
Phillips 661.54%
Us Bancorp1.27%
Pnc Financial Services Group1.24%
3M1.23%
Elevance Health Inc1.20%
Eog Resources1.19%
Mondelez International Class A1.14%
United Parcel Service Inc Class B1.11%
Slb1.09%
Moderna1.08%
General Motors1.05%
Cigna1.04%
Hewlett Packard Enterprise1.00%
Target Corp0.96%
Cheniere Energy0.93%
Kinder Morgan0.91%
Marathon Petroleum0.88%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Ford Motor Co0.66%
Strategy Inc Class A0.65%
Exelon Corp0.65%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Iqvia Holdings Inc0.60%
Consolidated Edison0.59%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
American International Group0.56%
Prudential Financial Inc0.55%
Sysco0.54%
Crh Public Limited PLC0.53%
Workday Class A0.53%
Diamondback Energy0.53%
Bank of New York Mellon Corp0.52%

Weight gaps

All 23 Holdings in both funds, largest gap first.

Holding weights in FCPI and IMCV, widest gap first
Holding	More in FCPIMore in IMCV	FCPI	IMCV
Valero Energy CorpVLO	FCPI +1.97 points	3.54%	1.57%
Colgate-Palmolive CoCL	FCPI +1.53 points	2.22%	0.69%
Simon Ppty Group Inc - ReitSPG	FCPI +1.51 points	1.98%	0.47%
United Therapeutics Corp DelUTHR	FCPI +1.43 points	1.56%	0.13%
Edison IntlEIX	FCPI +1.35 points	1.65%	0.30%
Centene CorpCNC	FCPI +1.29 points	1.51%	0.22%
Royalty Pharma PLCRPRX	FCPI +1.27 points	1.61%	0.34%
Incyte CorpINCY	FCPI +1.22 points	1.38%	0.16%
Travelers Companies IncTRV	IMCV +0.52 points	0.61%	1.13%
Regeneron Pharmaceuticals IncREGN	FCPI +0.31 points	1.56%	1.25%
Nextpower IncNXT	FCPI +0.27 points	0.34%	0.07%
Snap-On IncorporatedSNA	FCPI +0.22 points	0.37%	0.15%
Expedia IncEXPE	FCPI +0.21 points	0.41%	0.20%
Synchrony FinancialSYF	FCPI +0.19 points	0.53%	0.34%
Cognizant Tech Solutions Class ACTSH	IMCV +0.18 points	0.22%	0.40%
Ameriprise Financial IncAMP	FCPI +0.16 points	0.50%	0.34%
Ross Stores IncROST	FCPI +0.16 points	0.43%	0.27%
Dell Technologies Inc Class CDELL	IMCV +0.13 points	0.35%	0.48%
Hp IncHPQ	IMCV +0.13 points	0.23%	0.36%
Zoom Communications Inc Class AZM	IMCV +0.11 points	0.20%	0.31%
Netapp IncNTAP	IMCV +0.09 points	0.25%	0.34%
Allstate CorporationALL	FCPI +0.09 points	0.54%	0.45%
First Solar IncFSLR	FCPI +0.04 points	0.15%	0.11%

All 105 FCPI holdings⁠All 268 IMCV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FCPI vs IMCV Cost

Overpaying FCPI vs IMCV

$1,867

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

FCPI 0.15%
$3,137
IMCV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

FCPI 0.15%
IMCV 0.06%
Overpaying

Year by year

Year	FCPI	IMCV	Overpaying
10	$274	$110	$164
20	$1,071	$432	$639
30	$3,137	$1,270	$1,867

Expense ratio

0.15%FCPI
0.06%IMCV, cheaper

IMCV0.06%FCPI0.15%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

FCPI 13th cheapest of 99 funds

FCPI vs IMCV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FCPI 1.53%; IMCV 1.84%, better
Payout (12M): FCPI $0.86; IMCV $1.83
Last payment: FCPI $0.15; IMCV $0.52
Ex-dividend: FCPI Sep 18, 2026; IMCV Sep 15, 2026
Paid on: FCPI Sep 22, 2026; IMCV Sep 18, 2026
Frequency: FCPI Quarterly; IMCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FCPIQuarterly · 29 paymentsAll FCPI payments⁠

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

FCPI vs IMCV Risk

Fall from peak · 5 years

FCPI
IMCV

Risk facts

VolatilityStd dev, 3 years: FCPI 12.1%, betterIMCV 13.6%
Return per unit of riskSharpe ratio, 3 years: FCPI 1.41, betterIMCV 1.22
Worst fallMax drawdown, 5 years: FCPI −18.2%, betterIMCV −19.9%
Market sensitivityBeta, 5 years: FCPI 0.92IMCV 0.88; Market = 1

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