FDRR ETF — Fidelity Dividend ETF for Rising Rates

Fidelity Dividend ETF for Rising Rates (FDRR)

Updated October 16, 2026.

FDRR is a low-cost ETF that tracks the Fidelity Dividend Index. its distribution rate is 1.79%, its trailing-12-month yield is 2.03%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 91/100 (Safe). Total return is 261.5% over the past 10.1 years, 55.8 points behind SPY at 317.3%.

Fidelity Dividend ETF for Rising Rates is an equity ETF that tracks the Fidelity Dividend Index for Rising Rates, targeting large- and mid-cap dividend-paying stocks expected to benefit from rising interest rates and continue growing their dividends. The fund carries a modest current distribution rate paid quarterly and has a low expense ratio of 0.15%. It appeals to income-focused investors seeking dividend exposure with a tilt toward stocks positioned to perform well in a higher-rate environment.

FDRR performance versus SPY

Price and return data through 2026-10-16.

Total return is 261.5% over the past 10.1 years, 55.8 points behind SPY at 317.3%. Over the past year its total return — price change plus distributions reinvested — is 20.8%. Its deepest 1-year drawdown was 8.5%.

FDRR key facts

Distribution Safety Score™

91 · Safe

Safety-Adjusted Yield

1.63%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

09/12/2016

Expense ratio

0.15%

Distribution rate

1.79%

Distribution frequency

Quarterly

Trailing yield

2.03%

Last close

$68.77 (as of 2026-10-16)

AUM

$768,029,165

Average volume

27274.0

Dividend

$0.307

Ex-dividend date

09/18/2026

Payment date

09/22/2026

Beta

0.86

How Dividend Vision calculates yield and returns

Distribution rate (1.79%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.03%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments or company page; Index: Fidelity Dividend Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FDRR risks and drawbacks

FDRR's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.5%.

Who may consider FDRR — and who may not

FDRR may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FDRR pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FDRR

• All tickers starting with F

Tagged: Dividend, Large Cap.

Frequently asked questions

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