Fidelity Electric Vehicles and Future Transportation ETF

FDRV is a Global Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Electric Vehicles and Future Transportation Index. Normally investing at least 80% of assets in securities included in the Fidelity Electric Vehicles and Future Transportation Index and in depositary receipts representing securities included in the index. The Fidelity Electric Vehicles and Future Transportation Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum engaged in the production of electric and/or autonomous vehicles and their components, technology, or energy systems or engaged in other initiatives that aim to change the future of transportation.

FDRV tracks the Fidelity Electric Vehicles and Future Transportation Index.

No, FDRV 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, FDRV 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 FDRV is -0.0455%. This is the percent change in the value of FDRV over the most recent 1-month period. The 3-month return on FDRV is -0.0677%. This is the percent change in the value of FDRV over the most recent 3-month period.

The standard deviation of FDRV for the past year is 0.3256%. 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 FDRV include PBW, IGF, and ARKK.

ETFs correlated to FDRV include DRIV, IDRV, and WTAI.

ETFs that are inversely correlated to FDRV include HIBS, SOXS, and BERZ.