Fidelity Stocks for Inflation ETF (FCPI) Performance
FCPI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.9% since Dec 31, 2025
- 1 year
- +14.0% total return
- 5 years
- +13.2% a year
- Since first price
- +14.4% a year since 2019
FCPI trailing returns vs SPY, QQQ, AGG
| Period | FCPI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.0% | +6.4% | +7.8% | +8.4% | −1.5% |
| YTD | +13.9% | +12.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.0% | +12.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +85.0%+22.8%/yr | +76.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +85.8%+13.2%/yr | +70.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 7, 2019 | +155.2%+14.4%/yr | +123.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FCPI vs SPY
From Nov 7, 2019: FCPI grew to $25,522, SPY to $27,254.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FCPI returns by calendar year
5 of 6 full years positive. Best 2021 (+34.2%), worst 2022 (−7.1%). 2026 is year to date.
FCPI annual returns table
| Year | FCPI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.9% | −7.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.2% | −17.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +25.5% | −7.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.4% | −7.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.1% | −18.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +34.2% | −5.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +2.2% | −37.3% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FCPI largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −37.3% | Mar 23, 2020 | Jan 6, 2021 | 2 months | 12 months |
| Mar 29, 2022 | −18.3% | Sep 30, 2022 | Nov 30, 2023 | 6 months | 1.7 years |
| Feb 19, 2025 | −17.4% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FCPI risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +22.2% | +14.8% | +14.3% |
| Volatility (annualized) | 12.2% | 15.4% | 16.9% |
| Sharpe ratio | 1.37 | 0.74 | 0.72 |
| Sortino ratio | 2.59 | 1.21 | 1.12 |
| Best month | +8.2% | +12.6% | +13.0% |
| Worst month | −6.4% | −11.9% | −14.4% |
| Best 12 months | +39.4% | +39.4% | +45.8% |
| Worst 12 months | +10.2% | −7.1% | −7.1% |
| Positive months | 67% | 62% | 63% |
| Beta vs S&P 500 | 0.89 | 0.91 | — |
| Correlation with S&P 500 | 0.91 | 0.92 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FCPI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 72 | −7.1% | +16.3% | +45.8% | 88% |
| 3-year (a year) | 48 | +8.4% | +14.3% | +23.2% | 100% |
| 5-year (a year) | 24 | +13.0% | +16.0% | +19.6% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
FCPI performance overview
Fidelity Stocks for Inflation ETF (FCPI) returned +14.0% over the past year and +13.2% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +14.4% a year, turning $10,000 into about $25,522. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.3%, from Jan 17, 2020 to Mar 23, 2020, and it took 9 months to get back to the old high. FCPI finished 5 of its 6 full calendar years with a gain; the best year was 2021 (+34.2%) and the worst 2022 (−7.1%). Volatility has been 16.9% a year.
Related: FCPI chart, FCPI holdings, FCPI dividends, FCPI valuation. See the FCPI overview for the latest quote and fund facts.
FCPI performance FAQ
What is the FCPI return over the past year?
FCPI returned +14.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.1%.
What is the average annual return of FCPI?
FCPI has returned +13.2% a year over 5 years, +14.4% a year since November 7, 2019 (total return, distributions reinvested).
How much would $10,000 invested in FCPI be worth?
$10,000 invested in FCPI at its first recorded close on November 7, 2019 would be worth about $25,522 on October 23, 2026 with distributions reinvested.
What was the worst year for FCPI?
The worst calendar year was 2022, with a total return of −7.1%. The best was 2021 at +34.2%.
What is the biggest drawdown of FCPI?
The largest peak-to-trough decline was −37.3% between January 17, 2020 and March 23, 2020. It recovered to the old high on January 6, 2021, 9 months after the bottom.
How volatile is FCPI?
Over the past 3 years FCPI had an annualized volatility of 12.2% and a Sharpe ratio of 1.37 (excess return over 1–3 month T-bills per unit of risk).