10 Best Fidelity ETFs to buy for Q4 2024

This guide reveals our expert picks for the best Fidelity ETFs available in 2024 for every different type of investor.
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Updated on Jul 8, 2024
Reading time 10 minutes

Fidelity is a fund manager that’s known for its innovative approach and diverse offerings, and which presents lots of ETF options for both beginner and experienced investors.

Our list of the best Fidelity ETFs has been chosen based on key metrics such as fund performance, sector diversity, and cost efficiency, which are crucial for understanding the value and potential each ETF brings to your investment mix.

The focus is not just on the numbers; we also consider the unique strategies and market positions that make each Fidelity ETF stand out.

What are the top fidelity ETFs to buy?

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Here are the top ten Fidelity ETFs that you can purchase this year. We’ve also selected five of them to provide a detailed overview of their activity and performance.

#ETF symbolETF nameLearn more
1FBCGFidelity Blue Chip Growth ETFLearn more >
2FQALFidelity Quality Factor ETFLearn more >
3FLPSXFidelity Low-Priced Stock FundLearn more >
4ONEQFidelity Nasdaq Composite Index ETFLearn more >
5FDHYFidelity High Yield Factor ETFLearn more >
6FDRRFidelity Dividend ETF for Rising RatesLearn more >
7FMAGFidelity Magellan ETFLearn more >
8FPROFidelity Real Estate Investment ETFLearn more >
9FBCVFidelity Blue Chip Value ETFLearn more >
10FMILFidelity New Millennium ETFLearn more >
List chosen by our team of analysts, updated November 2024.

1. Fidelity Blue Chip Growth ETF (FBCG)

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  • Assets: $1.9 billion
  • Expense ratio: 0.59%
  • Year of inception: 2020
  • 3-year performance: 30%
  • Dividend yield: N/A

If you have a long-term investment strategy, Fidelity Blue Chip Growth ETF might be a good addition to savvy investors’ portfolios. It is one of the most popular ETFs that track blue-chip companies with a proven track record of excellent business performance. Additionally, these large-cap companies come with strong growth potential, so you can grow your capital over time.

Most companies in the fund are market leaders in their respective industries. NVIDIA is the biggest semiconductor company in the world while Microsoft is the biggest software firm globally. Other top names in this fund are Amazon, Apple, Alphabet, and Netflix. The fund returned 27% in the first half of the year, beating the S&P 500 and Nasdaq 100 indices.

2. Fidelity Quality Factor ETF (FQAL)

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  • Assets: $1.07 billion
  • Expense ratio: 0.15%
  • Year of inception: 2016
  • 3-year performance: 24%
  • Dividend yield: 1.14

Fidelity Quality Factor ETF contains a minimum of 80% of the assets of the Fidelity Quality Factor Index. This fund has 131 companies, most of them in the technology sector followed by financials, healthcare, and consumer cyclical.

Some of the biggest companies in the fund are Microsoft, Nvidia, Apple, Johnson & Johnson, Broadcom, and Eli Lilly. This is a great fund to invest in because of the quality of companies it invests in and its low expense ratio of just 0.15%. It also has a good track record of generating strong returns, having gained by 79% in the past five years.

3. Fidelity Low-Priced Stock Fund [FLPSX]

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  • Assets: $27.9 billion
  • Expense ratio: 0.91%
  • Year of inception: 1989
  • 3-year performance: -19.40%
  • Dividend yield: 17.22%

Fidelity Low-Priced Stock Fund contains stocks that have a price tag of $35 or below. These common stocks are small and medium-sized domestic and foreign companies in emerging markets. It is also a mixed mutual fund with holdings, including both value stocks and growth stocks.

The FLPSX Fidelity fund comes with a higher risk compared to other fidelity investments because it invests in smaller companies, which tend to be highly volatile. Some of the biggest companies in the fund are Wells Fargo, Elevance Health, Metro, and TotalEnergies. One of the best benefits of investing in this fund is that it has a whopping 17.2% dividend yield.

4. Fidelity Nasdaq Composite Index ETF (ONEQ)

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  • Assets: $6.7 billion
  • Expense ratio: 0.21%
  • Year of inception: 2003
  • 3-year performance: 24%
  • Dividend yield: 0.6%

ONEQ closely tracks the Nasdaq composite index, corresponding to its performance. This is one of the oldest Fidelity funds and contains almost 1,000 holdings. Some of the most popular stocks in the fund include Amazon, Apple, Nvidia, and Microsoft.

ONEQ uses capitalisations, dividend yield, PE ratio, PB ratio, and earnings growth, among others, to select assets. This is one of the best choices if you want to add a Nasdaq-tracking passive ETFs to your portfolio.

5. Fidelity High Yield Factor ETF (FDHY)

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  • Assets: $314 million
  • Expense ratio: 0.45%
  • Year of inception: 2018
  • 3-year performance: -14.5%
  • Dividend yield: 6.6%

With an expense ratio of only 0.45%, FDHY is one of the Fidelity funds that come with a fixed-income offering. It is actively managed and one of the newest fidelity funds that include investment grade corporate bonds. Given the average time span of 4.45 years, FDHY is an intermediate-term bond fund.

Fidelity High Yield Factor ETF is suitable for investors looking for fixed income over a medium period. It has a dividend yield of about 6.60%, making it highly attractive for investors looking for yield.

6. Fidelity Dividend ETF for Rising Rates (FDRR)

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  • Assets: $540 million
  • Expense ratio: 0.15%
  • Year of inception: 2016
  • 3-year performance: 14.8%
  • Dividend yield: 2.37%

The Fidelity Dividend ETF for Rising Rates invests in stocks positioned to grow their dividends even amid rising interest rates. It is an actively managed ETF, focusing on high quality companies with strong balance sheets, earnings growth potential, and commitment to increasing payouts.

Some of its top holdings include Microsoft, Johnson & Johnson, and PepsiCo. With a competitive 0.15% expense ratio, FDRR provides targeted exposure to dividend growers when income strategies face headwinds. It also combines dividend growth and regular income with its dividend yield of about 2.37%.

7. Fidelity Magellan ETF (FMAG)

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  • Assets: $114 million
  • Expense ratio: 0.59%
  • Year of inception: 2021
  • 3-year performance: 33%
  • Dividend yield: 0.21%

The Fidelity Magellan ETF is an actively managed equity ETF that invests across market caps and sectors in U.S. stocks with strong growth potential.

FMAG uses the same strategy as Fidelity’s renowned Magellan mutual fund by tapping into Fidelity’s equity research capabilities. The fund includes a range of household names like Apple, Microsoft, and Amazon, but also mid-cap growth companies. It has 62 companies, with the top ten of them accounting for 37% of the fund.

8. Fidelity Real Estate Investment ETF (FPRO)

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  • Assets: $11.97 million
  • Expense ratio: 0.59%
  • Year of inception: 2021
  • 3-year performance: -12%
  • Dividend yield: 2.86%

The Fidelity Real Estate Investment ETF invests in real estate stocks like REITs, homebuilders, and real estate services companies. Fidelity real estate analysts actively manage it and offer targeted exposure to real estate rather than just passive index exposure. It is a good approach to invest in REITs, which are known for their dividends.

Some of its biggest holdings include Crown Castle, Prologis, and Equinix. With a 0.59% expense ratio, FPRO allows tapping into Fidelity’s real estate expertise. The main con for the fund is that REITs have a long track record of underperforming the broader market, especially when interest rates are rising.

9. Fidelity Blue Chip Value ETF (FBCV)

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  • Assets: $119 million
  • Expense ratio: 0.59%
  • Year of inception: 2020
  • 3-year performance: 6.18%
  • Dividend yield: 1.78%

The Fidelity Blue Chip Value ETF invests in large cap stocks appearing undervalued relative to growth alternatives. It’s another actively managed fund and provides investors with expertly selected blue chip stocks.

Its top holdings include Exxon Mobil, JPMorgan, Cigna Group, Berkshire Hathaway, and Bank of America. In all, it has 91 companies in its portfolio, with the top ten of them accounting for 30% of the fund. The main con of the fund is that it always underperforms the market because it lacks many growth companies in its portfolio.

10. Fidelity New Millennium ETF (FMIL)

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  • Assets: $4.9 billion
  • Expense ratio: 0.89%
  • Year of inception: 1992
  • 3-year performance: 28%
  • Dividend yield: 3.25%

The Fidelity New Millennium ETF invests in domestic and international growth stocks positioned to benefit from technology and business innovations.

The managed fund identifies emerging opportunities like e-commerce, robotics, and biotechnology. The biggest stocks it owns include Apple, Microsoft, and ASML. With a 0.59% expense ratio, FMIL provides exposure to long-term growth trends

Where to buy the best fidelity ETFs

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Good platforms to invest in Fidelity ETFs always remain transparent regarding services and costs. They focus on providing accurate prices while maintaining a safe virtual trading environment. Moreover, they often offer educational support, enabling traders to remain profitable via research and analysis.

To help you choose the best broker for your needs, we’ve shortlisted several platforms that offer Fidelity ETFs.

We found 4 online brokers for users based in

Plus500 review
4.5
Plus500
Min. Deposit $100
Fees From 2%
No. assets 2800+
Demo account Yes

Plus500 review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 50+
Demo account Yes

eToro review

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

Public.com review
4.4
Public
Min. Deposit $20
Fees 1-2%
No. assets 9000+
Demo account No

Public.com review

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

How to trade and invest in Fidelity ETFs?

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  • Open a trading account: first, you have to open a trading account with an online stockbroker. After that, you have to fill up a form that includes your name, email address, address, profession, experience, and other personal details. You also need to provide a form of identification as per the KYC (Know Your Customer) guidelines.
  • Choose Fidelity ETFs: after opening the account, you can see a list of tradable assets on the platform. Make sure you deposit your capital in your new trading account at this stage. Online brokers offer varied deposit methods, including electronic transfers. Then, choose your preferred Fidelity ETFs based on our recommendations or select them from your broker’s offering based on our sound analysis.
  • Place your trade: the last step is to buy shares in your chosen Fidelity ETFs. Click on the assets, add the number of shares you want to purchase, then place your trade by clicking on “buy”. Monitor your trading portfolio, manage your position, and add more assets to your portfolio using the online trading platform.

What are fidelity ETFs?

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An exchange-traded fund or ETF contains different assets and trades on the stock exchange, along with equities. An ETF can track an index, an entire industry, a commodity, or another asset. When investors buy shares in an ETF, they diversify their portfolio since they invest in a basket of numerous shares.

Fidelity currently owns different ETFs that you can choose for your investment portfolio. These are actively or passively managed by Fidelity and include stocks, bonds, and more.

Are fidelity ETFs a good investment?

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Fidelity ETFs provide simultaneous exposure to many industries and companies. This is a safer way of making investments as your portfolio contains a broad range of assets. Additionally, Fidelity ETFs are suitable for small investors due to the small fees or even zero-fee options.

You need to consider your investment strategy before investing in a Fidelity ETF. There are multiple options suitable for the shorter or longer-term and based on your desired income, risk profile, and many more. One of the best aspects of adding an ETF to your portfolio is that it automatically diversifies your investment. Despite this, you should always make investments only after researching the chosen assets.

Methodology: How we choose the best Fidelity ETFs

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At Invezz, we are dedicated to helping investors make informed decisions by providing authoritative, accessible, and engaging advice and recommendations. Our curated section of the best Exchange-Traded Funds (ETFs) is carefully selected by our team of experienced market analysts and reviewed by a sub-editor. This methodology outlines the rigorous process we follow to ensure our ETF recommendations are up-to-date, reliable, and insightful.

  • Analyst research & recommendations: Our seasoned market analysts use their in-depth sector knowledge to identify ETFs with strong potential, ensuring they meet high standards of performance, liquidity, and market potential.
  • ETF evaluation: We evaluate ETFs based on their underlying assets, historical performance, expense ratios, and tracking accuracy, alongside macroeconomic factors and sector trends.
  • Fund performance reports: We assess ETFs through the latest performance reports, analyzing key metrics like returns, volatility, expense ratios, and assets under management (AUM).
  • Sector analysis and external recommendations: Our detailed sector analysis, combined with recommendations from reputable sources like Barron’s and Zacks, provides an additional layer of validation for our selections.
  • Quarterly review & refresh: We update our curated ETF list quarterly, re-evaluating each ETF based on the latest reports, industry developments, and market conditions to ensure our recommendations reflect the most current information available.

FAQs

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01

What is the number one Fidelity ETF?

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Is Fidelity ETF a good investment right now?

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Who invests in Fidelity ETFs?

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What is the difference between ETFs and shares?

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Are Fidelity ETFs a good investment for beginners?

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What is the size of the Fidelity ETFs?


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