Fidelity Disruptive Finance ETF (FDFF) Performance
FDFF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.4% since Dec 31, 2025
- 1 year
- +1.3% total return
- 3 years
- +15.3% a year
- Since first price
- +12.0% a year since 2023
FDFF trailing returns vs SPY, QQQ, AGG
| Period | FDFF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.4% | +2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.9% | +4.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.7% | +6.9% | +7.8% | +8.4% | −1.5% |
| YTD | +1.4% | +0.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +1.3% | +0.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.2%+15.3%/yr | +49.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 12, 2023 | +46.3%+12.0%/yr | +42.1% | — | — | — |
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: FDFF vs SPY
From Jun 12, 2023: FDFF grew to $14,627, SPY to $18,297.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FDFF returns by calendar year
1 of 2 full years positive. Best 2024 (+27.9%), worst 2025 (−2.7%). 2026 is year to date.
FDFF annual returns table
| Year | FDFF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.4% | −18.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −2.7% | −23.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +27.9% | −10.4% | +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.
FDFF largest drawdowns
Now 7.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 30, 2025 | −23.1% | Apr 8, 2025 | not yet | 2 months | 1.7 years so far |
| Jul 26, 2023 | −13.5% | Oct 26, 2023 | Dec 1, 2023 | 3 months | 4 months |
| Mar 21, 2024 | −10.4% | May 1, 2024 | Aug 23, 2024 | 41 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FDFF risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +12.1% | +10.2% |
| Volatility (annualized) | 20.5% | 20.3% |
| Sharpe ratio | 0.44 | 0.36 |
| Sortino ratio | 0.76 | 0.60 |
| Best month | +14.3% | +14.3% |
| Worst month | −9.5% | −9.5% |
| Best 12 months | +46.0% | +46.0% |
| Worst 12 months | −12.5% | −12.5% |
| Positive months | 50% | 49% |
| Beta vs S&P 500 | 1.16 | — |
| Correlation with S&P 500 | 0.70 | — |
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.
FDFF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 29 | −12.5% | +9.8% | +46.0% | 66% |
| 3-year (a year) | 5 | +9.8% | +12.1% | +15.6% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
FDFF performance overview
Fidelity Disruptive Finance ETF (FDFF) returned +1.3% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +12.0% a year, turning $10,000 into about $14,627. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.1%, from Jan 30, 2025 to Apr 8, 2025; the fund has not yet regained that high. Volatility has been 20.3% a year.
Related: FDFF chart, FDFF holdings, FDFF dividends, FDFF valuation. See the FDFF overview for the latest quote and fund facts.
FDFF performance FAQ
What is the FDFF return over the past year?
FDFF returned +1.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.2%.
How much would $10,000 invested in FDFF be worth?
$10,000 invested in FDFF at its first recorded close on June 12, 2023 would be worth about $14,627 on October 23, 2026 with distributions reinvested.
What was the worst year for FDFF?
The worst calendar year was 2025, with a total return of −2.7%. The best was 2024 at +27.9%.
What is the biggest drawdown of FDFF?
The largest peak-to-trough decline was −23.1% between January 30, 2025 and April 8, 2025. It has not yet recovered to that high; it is 7.9% below its peak.
How volatile is FDFF?
Over the past 3 years FDFF had an annualized volatility of 20.5% and a Sharpe ratio of 0.44 (excess return over 1–3 month T-bills per unit of risk).