FDRR: FIDELITY DIVIDEND ETF FOR RISING RATES
What this ETF is trying to do
The Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund (ETF). An ETF is a way to buy a large group of different investments all at once. This specific fund is named "Fidelity Dividend ETF for Rising Rates."
What the numbers show
As of October 6, 2026, the current price of FDRR is $69.42. An estimated price from roughly one year ago was about $59.17.
When looking at how an ETF performs, it is important to understand two different terms: price return and total return.
• Price return only measures how much the share price itself went up or down.
• Total return measures the change in price *plus* any cash payments (distributions) the fund gave to investors.
Here is what the data shows for FDRR:
• Year-to-Date (YTD): The price return is 13.77%, and the total return is 15.68%.
• One Year: The price return is 17.32%, and the total return is 19.95%.
• Three Years: The price return is 75.61%, and the total return is 89.21%.
To make this simple, if you had invested $10,000 in this ETF when its price was roughly $59.17 one year ago, your investment would have grown to approximately $11,732 based on the share price alone.
Income and distribution explanation
This ETF provides cash payments to investors, known as distributions. The distribution yield is 2.01%. This number tells you how much cash was paid out compared to the current price of the ETF. These payments usually happen every quarter (four times a year). Over the last year, the trailing distributions were $1.396 per share.
Remember, a high distribution yield does not mean your total return will be that same percentage. Total return is the more complete picture.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF drops significantly over time. For FDRR, the erosion-risk score is 100, and the label says "No price erosion detected." This means the fund does not show signs of losing its value in this way. There is no severe erosion-risk flag for this ETF.
Pros
• The fund has shown positive price returns and total returns over the last one and three years.
• The erosion-risk measurement is rated as "good."
Cons
• The list of holdings below is only a partial list. The fund actually contains 123 different holdings.
Top Holdings (Partial)
• NVIDIA Corp: 8.96%
• Apple Inc: 8.24%
• Microsoft Corp: 6.39%
• Alphabet Inc Class A: 4.83%
• Dell: 4.39%
Beginner takeaway
When studying FDRR, you can see two ways to earn: through the rising share price and through cash distributions. Always look at the total return to see how both of these parts worked together.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 8.96% |
| 2 | APPLE INC | AAPL | 8.24% |
| 3 | MICROSOFT CORP | MSFT | 6.39% |
| 4 | ALPHABET INC CLASS A | GOOGL | 4.83% |
| 5 | n/a | DELL | 4.39% |
| 6 | BROADCOM INC | AVGO | 3.43% |
| 7 | META PLATFORMS INC CLASS A | META | 2.49% |
| 8 | JPMORGAN CHASE & CO | JPM | 2.04% |
| 9 | ELI LILLY AND CO | LLY | 1.97% |
| 10 | CISCO SYSTEMS INC | CSCO | 1.79% |