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Fidelity Electric Vehicles and Future Transportation (FDRV)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.39 % · ISIN US3160922205
Price history (since 2021)
Monthly close since 2021. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Infineon Technologies AG IFX | 4.8 % | −69.4 % | 58 |
| Tesla Inc TSLA | 4.8 % | −88.6 % | 40 |
| NXP Semiconductors NV NXPI | 4.7 % | −41.9 % | 65 |
| BYD Company Limited 1211 | 4.3 % | n/a | n/a |
| Uber Technologies Inc UBER | 4.1 % | +51.0 % | 66 |
| Contemporary Amperex Technology Co., Limite 3750 | 4.1 % | +65.7 % | 64 |
| Rivian Automotive Inc RIVN | 3.9 % | n/a | n/a |
| Aptiv PLC APTV | 3.2 % | −24.1 % | 57 |
| Aurora Innovation Inc AUR | 3.2 % | n/a | n/a |
| Autoliv Inc ALV | 3.0 % | n/a | n/a |
| Xpeng Inc 9868 | 2.8 % | n/a | n/a |
| Li Auto Inc 2015 | 2.8 % | n/a | n/a |
| NIO Inc 9866 | 2.7 % | n/a | n/a |
| Sensata Technologies Holding NV ST | 2.7 % | −28.5 % | 63 |
| Lear Corporation LEA | 2.6 % | +51.0 % | 61 |
| LYFT Inc LYFT | 2.4 % | n/a | n/a |
| Allegro Microsystems Inc ALGM | 2.3 % | −72.3 % | 68 |
| Alps Electric Co. Ltd. 6770 | 1.7 % | n/a | n/a |
| Visteon Corp VC | 1.7 % | +21.4 % | 59 |
| Hesai Group Sponsored ADR HSAI | 1.6 % | −60.5 % | 34 |
| Skyworks Solutions Inc SWKS | 1.6 % | +47.5 % | 74 |
| Elmos Semiconductor SE ELG | 1.6 % | −14.5 % | 62 |
| Blue Bird Corp BLBD | 1.6 % | +36.8 % | 68 |
| Pony AI Inc. American Depositary Shares PONY | 1.5 % | n/a | n/a |
| Melexis NV MELE | 1.5 % | +15.2 % | 61 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 46 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about FDRV
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How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity Covington Trust - Fidelity Electric Vehicles and Future Transportation ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.