Fidelity Electric Vehicles and Future… (FDRV) Performance
FDRV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.2% since Dec 31, 2025
- 1 year
- −13.7% total return
- 5 years
- −10.8% a year
- Since first price
- −9.9% a year since 2021
FDRV trailing returns vs SPY, QQQ, AGG
| Period | FDRV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.6% | −10.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −17.1% | −17.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −20.7% | −21.1% | +7.8% | +8.4% | −1.5% |
| YTD | −9.2% | −10.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −13.7% | −14.8% | +14.4% | +15.9% | −1.1% |
| 3 years | −0.2%−0.1%/yr | −2.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −43.6%−10.8%/yr | −45.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 7, 2021 | −40.8%−9.9%/yr | −42.6% | — | — | — |
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: FDRV vs SPY
From Oct 7, 2021: FDRV grew to $5,917, SPY to $18,523.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FDRV returns by calendar year
2 of 4 full years positive. Best 2025 (+24.3%), worst 2022 (−44.2%). 2026 is year to date.
FDRV annual returns table
| Year | FDRV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.2% | −31.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +24.3% | −26.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −21.7% | −27.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.3% | −32.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −44.2% | −47.6% | −18.2% | −32.6% | −13.0% |
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.
FDRV largest drawdowns
Now 49.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 8, 2021 | −63.9% | Apr 8, 2025 | not yet | 3.4 years | 5.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FDRV risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | −1.3% | −10.3% |
| Volatility (annualized) | 25.4% | 29.7% |
| Sharpe ratio | -0.10 | -0.34 |
| Sortino ratio | -0.14 | -0.45 |
| Best month | +17.3% | +23.4% |
| Worst month | −17.1% | −17.1% |
| Best 12 months | +51.7% | +51.7% |
| Worst 12 months | −21.7% | −44.2% |
| Positive months | 53% | 47% |
| Beta vs S&P 500 | 1.42 | — |
| Correlation with S&P 500 | 0.69 | — |
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.
FDRV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 49 | −44.2% | −7.5% | +51.7% | 39% |
| 3-year (a year) | 25 | −22.2% | −3.6% | +7.2% | 28% |
| 5-year (a year) | 1 | −11.7% | −11.7% | −11.7% | 0% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FDRV performance overview
Fidelity Electric Vehicles and Future… (FDRV) returned −13.7% over the past year and −10.8% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −9.9% a year, turning $10,000 into about $5,917. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.9%, from Nov 8, 2021 to Apr 8, 2025; the fund has not yet regained that high. FDRV finished 2 of its 4 full calendar years with a gain; the best year was 2025 (+24.3%) and the worst 2022 (−44.2%). Volatility has been 29.7% a year.
Related: FDRV chart, FDRV holdings, FDRV dividends. See the FDRV overview for the latest quote and fund facts.
FDRV performance FAQ
What is the FDRV return over the past year?
FDRV returned −13.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 14.8%.
What is the average annual return of FDRV?
FDRV has returned −10.8% a year over 5 years, −9.9% a year since October 7, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FDRV be worth?
$10,000 invested in FDRV at its first recorded close on October 7, 2021 would be worth about $5,917 on October 23, 2026 with distributions reinvested.
What was the worst year for FDRV?
The worst calendar year was 2022, with a total return of −44.2%. The best was 2025 at +24.3%.
What is the biggest drawdown of FDRV?
The largest peak-to-trough decline was −63.9% between November 8, 2021 and April 8, 2025. It has not yet recovered to that high; it is 49.8% below its peak.
How volatile is FDRV?
Over the past 3 years FDRV had an annualized volatility of 25.4% and a Sharpe ratio of -0.10 (excess return over 1–3 month T-bills per unit of risk).