All 58 Fidelity ETFs Ranked: 10-Year Winners by Segment
All 58 Fidelity ETFs Ranked: 10-Year Winners by Segment
How Many Fidelity ETFs Can You Actually Name?
Two, maybe three? Fidelity currently offers 94 ETFs, but after removing cross-listings on different exchanges, there are 58 distinct funds. I put $10,000 into every single one and ranked them by 10-year cumulative return. Here's what each segment revealed.
Bonds: Capital Preserved, Growth Absent
The bond segment has six funds. The 10-year winner is FDHY (Enhanced High Yield), turning $10,000 into $15,649 at a 4.58% annual return. FDHY holds bonds from companies with lower credit ratings—higher risk, higher yield.
At the bottom sits FCIG (Global Investment Grade Bond) at $10,080. Ten years, eighty dollars of growth.
The most commonly owned FBND (Total Bond) delivered $13,193, roughly 2.8% annually. The last decade included one of the most aggressive rate hike cycles in history. When the Fed raises rates, existing bond prices drop. Short-term bonds recovered faster by rolling into higher rates. Long-term bonds stayed locked in at low yields.
The entire bond segment spread is about $5,500. Compare that to the $50,000+ spreads in equity segments, and you see why bonds aren't growth assets.
Canadian-Listed ETFs: US Exposure Strategies Won the Decade
Eight Fidelity ETFs trade on Canadian exchanges. The 10-year champion is FCUV (US Value, Canadian-listed) at 12.48% annually, turning $10,000 into $32,416. The top performers in this segment—FCUV, FCVH, FCUQ, FCQH—are all Canadian-listed versions of US investment strategies, not actual Canadian companies.
The one-year rankings flipped completely. FCCV (Canadian Value) hit 54.1%, and FCCQ (Canadian High Quality) reached 43.7%. For a decade, US stocks crushed everything else. In the past 12 months, the rest of the world started catching up.
Thematic, Active, and Dividend Winners
Thematic: Just one fund—FCPI (Stocks for Inflation) at 9.02% annually, $23,717. It beat every bond fund combined across a decade that included the worst inflation stretch in 40 years.
Active Management: FBCG (Blue Chip Growth) broke the "passive beats active" rule at 11.13% annually, $28,729. It charges 0.60%, six times most Fidelity index ETFs, but delivered more. The bottom of the segment, FYER (Emerging Markets Research Enhanced), managed just 3.24%.
Dividends: The largest category with 13 funds. FDVV (High Dividend) won at 12.58% annually, $32,705. FDRR (Dividend for Rising Rates) sat right behind at 12.53%. A high dividend ETF competing with growth funds and nearly winning—that's the surprise here.
Factor ETFs: Momentum Beat Almost Everything
Nine factor funds, and FDMO (Momentum) took the crown at 14.41% annually, $38,427. It beat every dividend fund, every active fund including FBCG. Only tech sector funds outperformed FDMO.
FQAL (Quality), FVAL (Value), and FDLO (Low Volatility) clustered between 12% and 13.5%. International factor funds (FIVAE, FDEVE, FDEM) landed at 5.7-6.7%—roughly half the US factor returns. The factor approach worked in the US. Outside the US, it mostly didn't.
Sector ETFs: FTEC's Dominant Run
Eleven sector funds, and FTEC (MSCI Information Technology) is the undisputed champion—not just of its segment, but of all 58 Fidelity ETFs. A 23.19% annual return turned $10,000 into $80,492.
The gap between FTEC and second-place FIDU (Industrials, $37,333) is over $43,000 from the same starting amount. Apple, Microsoft, Nvidia, and Broadcom make up nearly half of FTEC. Every major technology trend of the past decade—AI infrastructure, cloud buildout, chip demand—funneled into those four names.
At the bottom, FREL (Real Estate) delivered 6.1%, $18,078. Rate hikes crushed property values for half the decade.
The Full Picture
| Rank | Fund | Segment | 10Y CAGR | $10,000 Result |
|---|---|---|---|---|
| 1 | FTEC | Sector (IT) | 23.19% | $80,492 |
| 2 | ONEQ | Broad US | 18.46% | $54,415 |
| 3 | FDMO | Factor (Momentum) | 14.41% | $38,427 |
| 4 | FIDU | Sector (Industrials) | 14.08% | $37,333 |
| 5 | FDVV | Dividend (High Div) | 12.58% | $32,705 |
Four of the top five are concentrated in US markets. The last decade belonged to American large-cap tech, and these results reflect that era directly. But one-year rankings tell a different story—emerging market and international funds surged, flipping the order entirely.
FAQ
Q: Is FTEC too concentrated to hold long-term? A: FTEC's top four holdings represent nearly half the fund, which makes it a concentrated tech bet. If those companies stop leading, FTEC stops winning. For investors comfortable with sector-specific risk, it has delivered exceptional returns. For broad market exposure, ONEQ or a total market fund is more appropriate.
Q: Why didn't any bond fund compete with equity ETFs? A: Bonds serve a different function—capital preservation and income rather than growth. The aggressive rate hike cycle of the past decade made it especially difficult for bond funds to generate returns. Even the best bond performer (FDHY at 4.58%) didn't come close to the equity segment averages.
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