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Fidelity Disruptive Medicine ETF (FMED)
Look-through valuation · Global · Expense ratio 0.50 % · ISIN US3160921470
Price history (since 2023)
Monthly close since 2023. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| 10X Genomics Inc TXG | 5.3 % | −70.3 % | 65 |
| Thermo Fisher Scientific Inc TMO | 3.9 % | −48.9 % | 63 |
| Danaher Corporation DHR | 3.8 % | −49.5 % | 74 |
| Lifestance Health Group Inc LFST | 3.0 % | −95.4 % | 58 |
| Revolution Medicines Inc RVMD | 3.0 % | n/a | n/a |
| argenx NV ADR ARGX | 2.8 % | −61.2 % | 70 |
| Cogent Biosciences Inc UMRX | 2.7 % | n/a | n/a |
| Illumina Inc ILMN | 2.7 % | −50.5 % | 83 |
| Natera Inc NTRA | 2.4 % | −95.0 % | 37 |
| Intuitive Surgical Inc ISRG | 2.3 % | −62.6 % | 72 |
| Alnylam Pharmaceuticals Inc ALNY | 2.3 % | −76.9 % | 66 |
| Sartorius Stedim Biotech SA DIM | 2.2 % | −73.0 % | 48 |
| Kymera Therapeutics Inc KYMR | 2.2 % | n/a | n/a |
| Insmed Inc INSM | 2.1 % | n/a | n/a |
| Ascendis Pharma AS ASND | 2.0 % | −97.6 % | 61 |
| UnitedHealth Group Incorporated UNH | 2.0 % | +29.6 % | 62 |
| Moderna Inc MRNA | 1.9 % | −79.9 % | 45 |
| Edwards Lifesciences Corp EW | 1.9 % | −55.9 % | 67 |
| Kiniksa Pharmaceuticals Ltd KNSA | 1.9 % | −70.4 % | 56 |
| Heartflow, Inc. Common Stock HTFL | 1.9 % | n/a | n/a |
| Vaxcyte Inc PCVX | 1.9 % | n/a | n/a |
| UCB SA UCB | 1.8 % | −18.2 % | 81 |
| Guardant Health Inc GH | 1.7 % | n/a | n/a |
| Legend Biotech Corp LEGN | 1.6 % | n/a | n/a |
| Viridian Therapeutics Inc VRDN | 1.5 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 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 +71.9 % below FV
- 2 FXI iShares China Large-Cap ETF +53.7 % below FV
- 3 CHIQ Global X MSCI China Consumer Disc ETF +48.5 % below FV
- 4 FLCH Franklin FTSE China ETF +36.0 % below FV
- 5 KWEB KraneShares CSI China Internet ETF +33.5 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.5 % below FV
- 7 MCHI iShares MSCI China ETF +28.0 % below FV
- 8 ITB iShares U.S. Home Construction ETF +13.7 % below FV
- 9 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +12.7 % below FV
- 10 TAN Invesco Solar ETF +10.8 % below FV
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 Disruptive Medicine ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Aug 14, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.