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ETFs

Fidelity Dividend ETF for Rising Rates

FDRR
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 12, 2016
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$803,248
AUM
$504,204,663
Associated Index
Fidelity Dividend Index for Rising Rates
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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1.74%
Invest with FDRR
Trade FDRR Options

What is FDRR?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

1M
3M
6M
YTD
1Y
3Y
Max
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FDRR
Performance Measures**

for the time period Sep 15, 2016 to Dec 4, 2025

Returns

1M Trailing Return: 3.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 7.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -36.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 17.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.81

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.36

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFDRR

ETFs correlated to FDRR include QDF, EQWL, ILCV

FDRR
Fidelity Covington Trust - Fidelity Dividend ETF for Rising Rates
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FDRR is a US Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

FDRR tracks the Fidelity Dividend Index for Rising Rates.

FDRR dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

No, FDRR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FDRR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FDRR is -0.0104%. This is the percent change in the value of FDRR over the most recent 1-month period. The 3-month return on FDRR is -0.0033%. This is the percent change in the value of FDRR over the most recent 3-month period.

The standard deviation of FDRR for the past year is 0.1573%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FDRR include VIG, VYM, and DFAS.

ETFs correlated to FDRR include QDF, EQWL, and ILCV.

ETFs that are inversely correlated to FDRR include SH, SDS, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.