At a glance
FBCV charges 0.57% a year, above the 0.21% average of the 8 funds most like it (the most expensive of 9). It has $177.0M in assets, the 7th largest of that group; it paid 2.34% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +27.6% with distributions reinvested (S&P 500: +11.5%), 4th of those 9 funds; over three years it returned +20.5% a year. At its worst it fell 15.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 15 months after the low. Its ten largest positions make up 33.3% of the fund, out of 130 in all.
The short version
Fidelity Blue Chip Value ETF (FBCV) is an actively managed fund. Fidelity's managers pick large, well-established US and foreign companies they consider undervalued. It is a "semi-transparent" ETF: each day it publishes a stand-in "Tracking Basket" instead of its full holdings. Its 0.57% expense ratio is the highest of the nine similar funds compared here, whose average is 0.22%.
Price history
The interactive chart needs JavaScript.
FBCV +27.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| FBCV official prospectus, to Nov 29, 2025 | — | +10.33% | — | +12.76% | — | — |
| RS005 index, same period | — | +14.37% | — | +13.29% | — | — |
| RS001 index, same period | — | +24.51% | — | +16.61% | — | — |
| FBCV price data to Oct 27, 2026 | +22.4% | +27.6% | +20.5% | +10.9% | — | +12.4% |
- Over the year to Oct 27, 2026, FBCV returned +27.6%, 4th of 9 among similar funds.
- Its 5-year annualized return was +10.9%.
- Its worst full calendar year was 2022 (-2.3%); its best was 2025 (+16.4%).
- The deepest fall in its price history was 15.5% (Apr 20, 2022 to Sep 30, 2022), recovered by Dec 26, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +22.4% | — |
| 2025 | +16.4% | — |
| 2024 | +10.3% | +10.33% |
| 2023 | +5.5% | +5.53% |
| 2022 | -2.3% | -2.48% |
| 2021 | — | +26.12% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 13% over that stretch · deepest drop along the way 15.5%, back to its old high 14.8 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.3800 | |
| 2025 | $1.0600 | +89.3% |
| 2024 | $0.5600 | +12.0% |
| 2023 | $0.5000 | -12.3% |
| 2022 | $0.5700 |
What's inside
As of Jul 31, 2026, the fund held 130 securities; the ten largest made up 33.28% of assets.
| Holding | Weight | |
|---|---|---|
| AMAZON.COM INC | 7.46% | |
| MICROSOFT CORP | 5.24% | |
| APPLE INC | 4.64% | |
| EXXONMOBIL HOLDINGS CORP | 3.37% | |
| BANK OF AMERICA CORPORATION | 2.64% | |
| MERCK and CO INC | 2.30% | |
| TRAVELERS COS INC | 2.10% | |
| SHELL PLC | 1.88% | |
| KEURIG DR PEPPER INC | 1.87% | |
| CONOCOPHILLIPS INC | 1.79% | |
| CHUBB LTD | 1.64% | |
| GILEAD SCIENCES INC | 1.53% | |
| UNITEDHEALTH GROUP INC | 1.45% | |
| M and T BANK CORP | 1.37% | |
| NORTHERN TRUST CORP | 1.36% |
By country
United States 86.78%United Kingdom 5.74%Switzerland 1.64%Ireland 1.4%Canada 1.27%By asset type
Stocks 97.67%By sector
Sectors of the companies held, for the 63.7% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $4.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.58%, +2.23%, +4.59%.
How it works
FBCV does not track an index. Fidelity Management & Research picks the stocks, looking at each company's finances, its position in its industry and the wider economy. The fund normally keeps at least 80% of its assets in "blue chip value" companies. Since December 11, 2025, a blue chip is any company bigger than the smallest company in the S&P 500, the Russell 1000 or the Dow Jones Industrial Average. A stock counts as "value" if it passes any one of several tests. Examples include being in a third-party value index, or having a free cash flow yield, price-to-book ratio or projected price-to-earnings ratio that looks cheap next to the market median.
Because a stock only has to pass one test, the fund can own large tech companies. As of July 31, 2026, its biggest holdings were Amazon (7.5%), Microsoft (5.2%), Apple (4.6%), ExxonMobil (3.4%) and Bank of America (2.6%). It held 130 stocks in all, with 33% in the top 10 and about 13% outside the US. There is no fixed rebalancing schedule. Portfolio turnover, the share of holdings replaced over a year, was 69%.
FBCV does not publish its full portfolio every day. Instead it posts the Tracking Basket, a mix of some recent holdings, other ETFs and cash, plus a figure showing how closely that basket matches the real portfolio. Because of this, its shares can trade at wider spreads and larger premiums or discounts to the value of its holdings than fully transparent ETFs.
What it really costs
- FBCV charges 0.57% a year, versus an average of 0.21% for the similar funds below (9th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $58 in the first year and $714 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| FBCV | $58 | $183 | $318 | $714 |
In a retirement portfolio
It adds an actively chosen value tilt and some foreign stocks to a portfolio built mainly on broad index funds, but its cost and short history make it a complement, not a foundation.
FBCV could add exposure to cheaper-priced large companies, plus about 13% in foreign stocks. Its only tested downturn was 2022. Shares fell 15.5% from April 20 to September 30, 2022, then took about 15 months to get back to their earlier high, on December 26, 2023. Anyone who had to sell during that slump would have been selling at a loss for more than a year. Even so, 2022 was a mild calendar year for the fund, down 2.48%. The fund launched in June 2020, so it has no record for the 2008 crisis, and its price history starts after the 2020 crash. The trailing yield was 2.34% as of October 27, 2026, paid quarterly. In the SEC's standard example, fees on $10,000 come to $58 after one year and $714 after 10. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting an actively managed value fund that also owns big tech names; Amazon, Microsoft and Apple led its holdings as of July 31, 2026.
- Investors seeking modest quarterly income alongside growth; the trailing yield was 2.34% as of October 27, 2026.
- Investors comfortable with some foreign stocks, about 13% of assets as of July 31, 2026, including Shell and Chubb.
Look elsewhere if
- Cost-focused investors: 0.57% is the highest of nine similar funds; iShares Russell 1000 Value (IWD) charges 0.19% and SPDR Portfolio S&P 500 Value (SPYV) 0.04%.
- Investors who want to see full holdings daily; FBCV publishes only a Tracking Basket, and shares can trade at wider premiums or discounts.
- Investors wanting a long track record; price history starts in 2021, so there is no record for the 2008 or 2020 crashes.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| FBCV this fund | — | 0.57% | $177.0M | +27.6% | +20.5% |
| FFLV Fidelity Fundamental Large Cap Value ETF | 62% | 0.38% | $16.4M | +22.8% | — |
| IWX iShares Russell Top 200 Value ETF | 35% | 0.2% | $3.56B | +28.4% | +24.5% |
| VONV Vanguard Russell 1000 Value ETF | 34% | 0.07% | $23.88B | +29.0% | +23.6% |
| GMOV GMO US Value ETF | 32% | 0.5% | $107.1M | +25.5% | — |
| IWD iShares Russell 1000 Value ETF | 31% | 0.19% | $79.74B | +28.8% | +22.2% |
| DFLV Dimensional US Large Cap Value ETF | 29% | 0.22% | $6.77B | +27.5% | +23.4% |
| DGRO iShares Core Dividend Growth ETF | 28% | 0.08% | $42.77B | +21.8% | +20.6% |
Questions investors ask
Is FBCV an actively managed ETF?
Yes. FBCV doesn't follow an index. Fidelity's managers choose well-established companies they think are undervalued, and a stock qualifies as "value" if it passes any one of several tests. That broad rule is why Amazon, Microsoft and Apple were its three largest holdings as of July 31, 2026. The fund is also semi-transparent: it publishes a daily Tracking Basket rather than its full portfolio.
What is the FBCV expense ratio?
FBCV's expense ratio is 0.57%, according to its prospectus filed November 24, 2025. That is the highest of the nine similar funds compared here, whose average is 0.22%. In the SEC's standard example, $10,000 invested with a 5% yearly return would pay about $58 in costs after one year, $318 after five years and $714 after 10 years.
Does FBCV pay dividends?
Yes, FBCV pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $1.01 per share, for a trailing yield of 2.34%. Dividends from a stock fund like this rise and fall with the companies it holds and with the managers' choices, so past payouts are not a promise of future income.
What's the difference between FBCV and FFLV?
Both are actively managed Fidelity value ETFs, and their holdings overlapped by 62% in their latest reports. FFLV, Fidelity Fundamental Large Cap Value ETF, is cheaper at 0.38% a year versus 0.57%. FBCV earned more over the year to October 27, 2026: 27.6% versus 22.8%. FFLV is much smaller, with about $16 million in net assets as of July 31, 2026, against FBCV's $177 million.
How has FBCV performed over 5 years?
FBCV returned 12.76% a year on average over the five years to November 29, 2025, according to its prospectus. That trailed both comparison indexes listed there, at 13.29% and 16.61%. Based on share prices, it returned 10.9% a year over five years and 27.6% over one year, as of October 27, 2026. Its weakest calendar year was 2022, at -2.48%.