Fidelity Dividend ETF for Rising Rates (FDRR) Valuation
FDRR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.5 trailing earnings
- Forward P/E
- 17.5 analyst estimates
- Price / sales
- 2.70
- Price / book
- 4.20
- EV / EBITDA
- 15.4
- Earnings yield
- 4.25% inverse of P/E
- Dividend yield
- 1.98% of the holdings
- Return on equity
- 17.8% combined
- Net margin
- 11.5% combined
- Beta
- 1.02 weighted, vs S&P 500
FDRR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDRR | 23.5 | 17.5 | 2.70 | 4.20 | 1.98% | 17.8% | 11.5% | 2.0% |
| 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.
FDRR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.2% | 28.0 | 22.7 | 4.28 | 6.56 | 0.97% | 23.4% |
| Financial Services | 11.1% | 12.4 | 11.5 | 2.22 | 1.70 | 2.89% | 13.7% |
| Healthcare | 10.8% | 30.5 | 15.0 | 2.38 | 5.29 | 2.30% | 17.4% |
| Communication Services | 8.8% | 17.7 | 17.8 | 4.03 | 4.35 | 0.98% | 24.5% |
| Consumer Cyclical | 7.2% | 39.9 | 15.0 | 0.91 | 5.48 | 3.73% | 13.7% |
| Industrials | 7.1% | 21.6 | 19.0 | 2.40 | 6.53 | 2.23% | 30.2% |
| Consumer Defensive | 4.7% | 34.4 | 17.4 | 3.57 | 5.16 | 3.76% | 15.0% |
| Energy | 3.5% | 21.1 | 14.1 | 2.46 | 2.28 | 2.81% | 10.8% |
| Utilities | 2.0% | 13.7 | 13.4 | 2.17 | 1.86 | 3.82% | 13.6% |
| Real Estate | 1.9% | 20.8 | 21.3 | 8.40 | 2.86 | 5.04% | 13.8% |
| Basic Materials | 1.9% | 44.8 | 15.0 | 1.81 | 3.16 | 2.57% | 7.1% |
FDRR 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 FDRR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDRR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 8.53% | 39.4 | 35.2 | 10.7 | 0.31% | 5.58% |
| NVDA | NVIDIA Corporation | 8.13% | 27.1 | 24.9 | 17.1 | 0.47% | 7.74% |
| MSFT | Microsoft Corporation | 7.01% | 29.5 | 25.1 | 11.8 | 0.74% | 6.13% |
| GOOGL | Alphabet Inc. | 4.82% | 17.1 | 22.8 | 9.3 | 0.26% | 7.28% |
| DELL | Dell Technologies Inc. | 3.50% | 26.3 | 21.3 | 1.9 | 0.56% | 3.44% |
| AVGO | Broadcom Inc. | 3.07% | 43.3 | 19.4 | 17.6 | 0.79% | 1.83% |
| LLY | Eli Lilly and Company | 2.28% | 42.2 | 24.4 | 14.1 | 0.55% | 1.39% |
| META | Meta Platforms, Inc. | 2.08% | 26.7 | 22.1 | 7.9 | 0.30% | 2.01% |
| JPM | JPMorgan Chase & Co. | 2.08% | 14.2 | 13.5 | 4.7 | 1.94% | 3.75% |
| CSCO | Cisco Systems, Inc. | 1.74% | 32.2 | 19.8 | 6.7 | 1.56% | 1.39% |
| JNJ | Johnson & Johnson | 1.67% | 38.8 | 21.0 | 6.2 | 2.10% | 1.11% |
| UNH | UnitedHealth Group Incorporated | 1.58% | 25.8 | 16.6 | 0.8 | 2.31% | 1.58% |
| ABBV | AbbVie Inc. | 1.56% | 80.6 | 16.4 | 7.8 | 2.42% | 0.50% |
| HPQ | HP Inc. | 1.52% | 11.5 | 9.9 | 0.5 | 4.00% | 3.43% |
| XOM | Exxon Mobil Corporation | 1.29% | 23.0 | 14.8 | 2.0 | 2.30% | 1.45% |
| MRK | Merck & Co., Inc. | 1.29% | 115.8 | 15.3 | 5.4 | 2.33% | 0.29% |
| ACN | Accenture plc | 1.16% | 16.9 | 12.4 | 1.9 | 2.98% | 1.77% |
| BAC | Bank of America Corporation | 1.12% | 12.2 | 10.8 | 3.1 | 2.50% | 2.36% |
| BBY | Best Buy Co., Inc. | 1.12% | 15.4 | 13.6 | 0.5 | 4.15% | 1.87% |
| IBM | International Business Machines Corporation | 1.10% | 20.6 | 17.4 | 3.2 | 2.91% | 1.37% |
| GS | The Goldman Sachs Group, Inc. | 1.08% | 12.7 | 12.8 | 3.6 | 2.27% | 2.20% |
| HD | The Home Depot, Inc. | 1.07% | 21.5 | 19.8 | 1.8 | 3.01% | 1.28% |
| PFE | Pfizer Inc. | 1.01% | 38.9 | 9.7 | 2.6 | 5.81% | 0.67% |
| KO | The Coca-Cola Company | 0.98% | 28.2 | 25.3 | 8.1 | 2.26% | 0.90% |
| C | Citigroup Inc. | 0.97% | 12.1 | 10.2 | 2.5 | 2.16% | 2.07% |
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 FDRR valuation
Adding up its 94 holdings with company data, FDRR trades at 23.5 times trailing earnings and 17.5 times analysts' forward estimates, with a price-to-book ratio of 4.20 and a dividend yield of 1.98%. Its earnings yield of 4.25% is 1.08 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 43.2% of the fund and earn 40.5% of its combined profit. By sector, Basic Materials is the most expensive at 44.8 times earnings and Financial Services the cheapest at 12.4. Companies that lost money over the past year are 2.0% 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 93.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDRR chart, FDRR performance, FDRR holdings, FDRR dividends.
FDRR valuation FAQ
What is the P/E ratio of FDRR?
Based on its holdings, FDRR has a trailing P/E of 23.5 and a forward P/E of 17.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDRR?
The trailing earnings yield is 4.25% (1 ÷ P/E) and the forward earnings yield 5.71%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDRR more expensive than the S&P 500?
FDRR trades at 23.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.5 and 19.9.
What is the price-to-book ratio of FDRR?
The holdings of FDRR trade at 4.20 times book value, with a combined return on equity of 17.8%.
Which sector in FDRR has the highest P/E?
Basic Materials has the highest P/E at 44.8 and Financial Services the lowest at 12.4.