FDRV vs MOTO

FDRVBFidelity Electric Vehicles and Future Transportation ETF

MOTOCSmartETFs Smart Transportation & Technology ETF

In short

FDRV Fidelity'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.

MOTO A stock-picker's run at the EV and self-driving theme: about 40 names, roughly equal weight, picked by Guinness Atkinson's managers. Fee is 0.68%, net of a waiver through June 30, 2029.

Stated mandate

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

MOTO The fund seeks long-term capital appreciation by investing primarily in publicly traded equity securities of domestic or foreign companies developing or producing smart-transportation products and systems, including autonomous or electric vehicles and smart transportation networks. It is actively managed and normally invests at least 80% of net assets in these companies.

Why people hold it

• FDRV 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.

• MOTO Roughly equal weights, so the smallest holding counts about as much as the largest and one mega-cap does not become the whole theme.sec.gov
• Actively managed: at least 80% of net assets go to smart-transportation companies, with managers judging how central each one is to the ecosystem.sec.gov
• 0.68% net of a waiver running through June 30, 2029, near the category median and level with DRIV's fee.
• Global by design, holding both US and foreign companies across autonomous and electric vehicles, networks and the parts that feed them.

Worth knowing

• FDRV 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.

• MOTO Thinly traded with a small asset base, so spreads can widen and limit orders earn their keep.
• The 0.68% rests on a contractual waiver; gross expenses run 1.21%, and the waiver is dated to June 30, 2029.
• About 40 stocks in one theme, with no index to fall back on: results track the managers' picks, and foreign holdings add currency swings.

Full FDRV profile⁠

Full MOTO profile⁠