Fidelity Disruptive Finance ETF (FDFF) Valuation
FDFF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 41.4 trailing earnings
- Forward P/E
- 15.0 analyst estimates
- Price / sales
- 2.75
- Price / book
- 3.31
- EV / EBITDA
- 14.4
- Earnings yield
- 2.42% inverse of P/E
- Dividend yield
- 1.04% of the holdings
- Return on equity
- 8.0% combined
- Net margin
- 6.6% combined
- Beta
- 1.38 weighted, vs S&P 500
FDFF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDFF | 41.4 | 15.0 | 2.75 | 3.31 | 1.04% | 8.0% | 6.6% | 8.0% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
FDFF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 72.9% | 26.3 | 14.5 | 2.57 | 3.04 | 1.40% | 11.5% |
| Technology | 21.5% | n/m | 15.6 | 3.19 | 3.73 | 0.00% | −6.7% |
| Industrials | 4.2% | 28.7 | 17.2 | 3.72 | 6.23 | 1.28% | 21.7% |
| Consumer Cyclical | 0.7% | 50.5 | 32.8 | 2.64 | 11.82 | 0.00% | 23.4% |
FDFF earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How FDFF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDFF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| BLK | BlackRock, Inc. | 5.77% | 25.8 | 16.4 | 6.5 | 2.02% | 12.05% |
| COF | Capital One Financial Corporation | 5.58% | 13.0 | 8.5 | 2.6 | 1.59% | 23.25% |
| V | Visa Inc. | 5.07% | 34.3 | 24.0 | 17.0 | 0.67% | 7.99% |
| MA | Mastercard Incorporated | 4.66% | 34.0 | 24.2 | 15.4 | 0.56% | 7.41% |
| TOST | Toast, Inc. | 4.38% | 40.0 | 17.6 | 2.7 | — | 5.90% |
| CHYM | Chime Financial, Inc. | 4.35% | 33.7 | 20.6 | 4.6 | — | 6.96% |
| D05 | DBS Group Holdings Ltd | 4.30% | — | — | — | — | — |
| BKT | Bankinter | 4.25% | — | — | — | — | — |
| XYZ | Block, Inc | 3.98% | 139.1 | 14.5 | 1.9 | — | 1.55% |
| FBK | FinecoBank Banca Fineco SpA | 3.75% | — | — | — | — | — |
| APO | Apollo Global Management, Inc. | 3.53% | 39.7 | 11.7 | 1.8 | 2.03% | 4.79% |
| LSE | London Stock Exchange Group plc | 3.12% | — | — | — | — | — |
| HSX | Hiscox Ltd | 3.12% | — | — | — | — | — |
| ICE | Intercontinental Exchange, Inc. | 3.08% | 22.8 | 18.1 | 8.6 | 1.29% | 7.30% |
| NU | Nu Holdings Ltd. | 2.93% | 19.9 | 14.8 | 8.3 | — | 7.94% |
| EFX | Equifax Inc. | 2.81% | 28.4 | 16.1 | 2.9 | 1.39% | 5.34% |
| CBOE | Cboe Global Markets, Inc. | 2.50% | 24.6 | 21.9 | 6.5 | 1.09% | 5.50% |
| DOO | BRP Inc. | 2.42% | 48.4 | 14.4 | 0.4 | 1.28% | 2.70% |
| HOOD | Robinhood Markets, Inc. | 2.26% | 43.6 | 45.0 | 18.0 | — | 2.79% |
| RELY_old | RELY | 1.90% | — | — | — | — | — |
| CPAY | Corpay, Inc. | 1.85% | 24.3 | 12.8 | 5.2 | — | 4.11% |
| AFRM | Affirm Holdings, Inc. | 1.54% | 13.4 | 35.6 | 5.9 | — | 6.20% |
| WLTH | Wealthfront Corporation | 1.53% | — | 14.9 | 4.5 | — | −7.39% |
| VIRT | Virtu Financial, Inc. | 1.53% | 9.4 | 8.4 | 1.5 | 1.69% | 8.73% |
| TW | Tradeweb Markets Inc. | 1.43% | 27.2 | 26.0 | 11.1 | 0.49% | 2.84% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About FDFF valuation
Adding up its 38 holdings with company data, FDFF trades at 41.4 times trailing earnings and 15.0 times analysts' forward estimates, with a price-to-book ratio of 3.31 and a dividend yield of 1.04%. Its earnings yield of 2.42% is 2.91 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 46.1% of the fund and earn 85.1% of its combined profit. By sector, Consumer Cyclical is the most expensive at 50.5 times earnings and Financial Services the cheapest at 26.3. Companies that lost money over the past year are 8.0% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 77.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDFF chart, FDFF performance, FDFF holdings, FDFF dividends.
FDFF valuation FAQ
What is the P/E ratio of FDFF?
Based on its holdings, FDFF has a trailing P/E of 41.4 and a forward P/E of 15.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDFF?
The trailing earnings yield is 2.42% (1 ÷ P/E) and the forward earnings yield 6.67%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDFF more expensive than the S&P 500?
FDFF trades at 41.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.0 and 19.9.
What is the price-to-book ratio of FDFF?
The holdings of FDFF trade at 3.31 times book value, with a combined return on equity of 8.0%.
Which sector in FDFF has the highest P/E?
Consumer Cyclical has the highest P/E at 50.5 and Financial Services the lowest at 26.3.