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FDCFvsFRWDETF Comparison

ETF 1

FDCF

Fidelity Disruptive Communications ETF

This fund is part of

Multiple Trends

-0.12%

Full FDCF fund page

VS

ETF 2

FRWD

Nomura Transformational Technologies ETF

This fund is part of

Disruptive Technology

-0.07%

Full FRWD fund page

Fidelity Disruptive Communications ETF (FDCF) belongs to the Multiple Trends segment. Nomura Transformational Technologies ETF (FRWD) is part of the Disruptive Technology segment. FDCF's top 3 sector exposures are Technology, Consumer Services and Consumer Non-Cyclicals. In contrast, FRWD's top sector exposures are Technology, Consumer Non-Cyclicals and Consumer Services. FDCF is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.65% for FRWD. Run a side-by-side ETF comparison of FDCF and FRWD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FDCF vs FRWD performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FDCF FRWD	+1.20%+0.71%	-2.99%-7.30%	+4.25%n/a	+7.11%n/a	+90.97%n/a	n/an/a
Flows	FDCF FRWD	-+$794K	-$5M+$58M	-$9M-	+$5M-	+$23M-	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FDCF FRWD	+20.57%+37.04%	+19.05%n/a	+19.97%n/a	n/an/a
Max drawdown	FDCF FRWD	-7.90%-15.78%	-17.61%n/a	-22.26%n/a	n/an/a
Max drawdown duration	FDCF FRWD	92d73d	247dn/a	106dn/a	n/an/a

Trading data

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	FDCF	FRWD
Last sale 9/2/2026 at 1:30 PM		$31.38
Previous close 09/02/2026		$31.37
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	FDCF	FRWD
Last price	–	$31.38
1D performance	–	+0.04%
AuM	$100.62 M	$272.31 M
E/R	0.5%	0.65%

Characteristics

	FDCF	FRWD
Management strategy	Active	Active
Provider	Fidelity	Nomura
Benchmark	-	-
N° of holdings	37	26
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	June 12, 2023	January 12, 2026
ESG	No	No

More FDCF data on Trackinsight

More FRWD data on Trackinsight

Exposure

Countries

FDCF

USA

72.29%

Taiwan

10.01%

Other

17.7%

FRWD

USA

72.47%

Other

27.53%

Sectors

FDCF

Technology

66.6%

Consumer Services

13.27%

Consumer Non-Cycl.

10.7%

Other

9.43%

FRWD

Technology

77.58%

Other

22.42%

Diversification

FDCF

Total weight of top 15 holdings out of 15

66.73%

FRWD

Total weight of top 15 holdings out of 15

72.24%

Top 15 holdings

Data as of July 31, 2026

FDCF

Taiwan Semiconductor Manufacturing Co., Ltd.

10.01%

Alphabet, Inc.

8.08%

Arista Networks, Inc.

6.17%

Meta Platforms, Inc.

6.04%

NVIDIA Corp.

5.44%

Amazon.com, Inc.

4.81%

Roblox Corp.

3.56%

Sea Ltd. (Singapore)

3.38%

Quebecor, Inc.

3.10%

Apple, Inc.

2.93%

Spotify Technology SA

2.80%

Twilio, Inc.

2.78%

T-Mobile US, Inc.

2.69%

Reddit, Inc.

2.55%

Warner Bros. Discovery, Inc.

2.38%

FRWD

NVIDIA Corp.

8.81%

Seagate Technology Holdings Plc

6.53%

Advanced Micro Devices, Inc.

6.38%

Taiwan Semiconductor Manufacturing Co., Ltd.

5.91%

Lam Research Corp.

5.17%

Western Digital Corp.

4.63%

ASML Holding NV

4.49%

Broadcom Inc.

4.19%

Netflix, Inc.

4.10%

Samsung Electronics Co., Ltd.

4.08%

Texas Instruments Incorporated

3.81%

Microsoft Corp.

3.67%

Alphabet, Inc.

3.54%

MercadoLibre, Inc.

3.48%

Amazon.com, Inc.

3.44%

Frequently asked questions about FDCF and FRWD

Which ETF is bigger: FDCF or FRWD?

As of September 2, 2026, FDCF holds $100.62 M in assets under management (AUM), while FRWD manages $272.31 M.

What sectors do the FDCF and FRWD ETFs invest in?

FDCF leans toward sectors like Technology, Consumer Services and Consumer Non-Cyclicals. Meanwhile, FRWD focuses on Technology.

What are the top holdings of the FDCF ETF and FRWD ETF?

FDCF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Alphabet, Inc. and Arista Networks, Inc.. FRWD holds in its top three: NVIDIA Corp., Seagate Technology Holdings Plc and Advanced Micro Devices, Inc..

FDCFvsFRWDETF Comparison

Fidelity Disruptive Communications ETF

Nomura Transformational Technologies ETF

FDCF vs FRWD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: FDCF or FRWD?

As of September 2, 2026, FDCF holds $100.62 M in assets under management (AUM), while FRWD manages $272.31 M.

What sectors do the FDCF and FRWD ETFs invest in?

FDCF leans toward sectors like Technology, Consumer Services and Consumer Non-Cyclicals. Meanwhile, FRWD focuses on Technology.

What are the top holdings of the FDCF ETF and FRWD ETF?

FDCF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Alphabet, Inc. and Arista Networks, Inc.. FRWD holds in its top three: NVIDIA Corp., Seagate Technology Holdings Plc and Advanced Micro Devices, Inc..

Which ETF is more diversified: FDCF or FRWD?

FDCF holds 37 securities with 66.73% of its assets in the top 15. FRWD has 26 securities and a top 15 weight of 72.24%.

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