Fidelity Disruptive Communications ETF (FDCF) Performance
FDCF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.7% since Dec 31, 2025
- 1 year
- +2.8% total return
- 3 years
- +26.6% a year
- Since first price
- +22.2% a year since 2023
FDCF trailing returns vs SPY, QQQ, AGG
| Period | FDCF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.0% | −4.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.8% | +3.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.0% | +5.0% | +7.8% | +8.4% | −1.5% |
| YTD | +3.7% | +3.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +2.8% | +2.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +103.1%+26.6%/yr | +102.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 12, 2023 | +96.4%+22.2%/yr | +96.2% | — | — | — |
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: FDCF vs SPY
From Jun 12, 2023: FDCF grew to $19,643, SPY to $18,297.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FDCF returns by calendar year
2 of 2 full years positive. Best 2024 (+28.1%), worst 2025 (+27.3%). 2026 is year to date.
FDCF annual returns table
| Year | FDCF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.7% | −16.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +27.3% | −22.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +28.1% | −14.0% | +24.9% | +25.6% | +1.3% |
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.
FDCF largest drawdowns
Now 5.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 13, 2025 | −22.6% | Apr 8, 2025 | Jun 5, 2025 | 54 days | 4 months |
| Sep 19, 2025 | −18.1% | Mar 30, 2026 | May 28, 2026 | 6 months | 8 months |
| Jul 19, 2023 | −14.3% | Oct 26, 2023 | Nov 30, 2023 | 3 months | 4 months |
| Jul 3, 2024 | −14.0% | Aug 5, 2024 | Sep 26, 2024 | 33 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FDCF risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +27.6% | +23.6% |
| Volatility (annualized) | 16.9% | 17.2% |
| Sharpe ratio | 1.28 | 1.07 |
| Sortino ratio | 2.79 | 2.16 |
| Best month | +13.1% | +13.1% |
| Worst month | −6.4% | −6.4% |
| Best 12 months | +52.4% | +52.4% |
| Worst 12 months | +3.6% | +3.6% |
| Positive months | 64% | 62% |
| Beta vs S&P 500 | 1.18 | — |
| Correlation with S&P 500 | 0.87 | — |
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.
FDCF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 29 | +0.6% | +25.9% | +52.4% | 100% |
| 3-year (a year) | 5 | +21.1% | +24.7% | +27.6% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
FDCF performance overview
Fidelity Disruptive Communications ETF (FDCF) returned +2.8% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +22.2% a year, turning $10,000 into about $19,643. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.6%, from Feb 13, 2025 to Apr 8, 2025, and it took 58 days to get back to the old high. Volatility has been 17.2% a year.
Related: FDCF chart, FDCF holdings, FDCF valuation. See the FDCF overview for the latest quote and fund facts.
FDCF performance FAQ
What is the FDCF return over the past year?
FDCF returned +2.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.8%.
How much would $10,000 invested in FDCF be worth?
$10,000 invested in FDCF at its first recorded close on June 12, 2023 would be worth about $19,643 on October 23, 2026 with distributions reinvested.
What was the worst year for FDCF?
The worst calendar year was 2025, with a total return of +27.3%. The best was 2024 at +28.1%.
What is the biggest drawdown of FDCF?
The largest peak-to-trough decline was −22.6% between February 13, 2025 and April 8, 2025. It recovered to the old high on June 5, 2025, 58 days after the bottom.
How volatile is FDCF?
Over the past 3 years FDCF had an annualized volatility of 16.9% and a Sharpe ratio of 1.28 (excess return over 1–3 month T-bills per unit of risk).