Fidelity Stocks for Inflation ETF (FCPI)
BATS BATS Primary Summary
FCPI Chart
Stagflation Risks Brewing? ETFs to Play
Rising stagflation fears from the Iran war and oil spike are putting inflation-hedging ETFs back in focus.
FCPI: Appealing Premise, Robust Factor Exposures But Mixed Returns, A Hold
Fidelity Stocks for Inflation ETF offers exposure to about 100 stocks selected using demanding factor screening, with emphasis put on sectors and industries benefiting from inflation. Despite performing excellently in 2021–2022, since its inception in 2019, FCPI has been unable to deliver consistent alpha, lagging IVV and IWB. Risk-adjusted returns were not appealing enough either. The FCPI portfolio's current factor mix is solid, with stronger growth and quality characteristics than IVV's, as well as a GARP tilt.
FCPI: Not My Preferred Inflation Hedge
The Fidelity Stocks for Inflation ETF seeks to provide exposure to stocks that benefit from rising inflation. FCPI has delivered solid historical performance but has underperformed the S&P 500 since inception. FCPI has provided a moderate degree of protection from rising inflation but lagged behind other inflation hedges during 2022.
Fidelity Stocks for Inflation ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2,990 | $92,540.5 | $161,938.4 | $69,397.9 | 74.99% |
| RS Richard Slavik Newbridge Financial Services Group Inc. | 5,845 | $253,380.75 | $317,704.97 | $64,324.22 | 25.39% |
 Mariana Coli Dunhill Financial LLC | 20 | $987 | $1,088.3 | $101.3 | 10.26% |
 Alexandra Stickelman Root Financial Partners, LLC | 165 | $8,267 | $8,945.47 | $678.47 | 8.21% |
 Courtney Holt Compound Planning, Inc. | 6,835 | $281,413.17 | $370,559.52 | $89,146.35 | 31.68% |
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Fidelity Stocks for Inflation ETF Profile
| BATS Exchange | US Country |
Overview
The fund specializes in investing a significant portion of its assets into stocks that are represented within the Fidelity Stocks for Inflation Factor Index™. This approach is tailored toward large and mid-cap U.S. companies which are not only valued attractively but also exhibit strong financial health and momentum. A distinguishing feature of the investment strategy is its focus on sectors believed to perform well during periods of inflation, thereby aiming to safeguard and potentially grow investors' capital in various economic conditions.
Products and Services
- Inflation-Adaptive Investments
The core offering involves targeting investments that are poised to benefit in an inflationary economy. This is achieved through stringent selection criteria that filter stocks by their valuations, quality, and momentum, ensuring that the portfolio is geared towards companies likely to experience growth or resilience in the face of rising prices.
- Fidelity Stocks for Inflation Factor Index™ Exposure
Investors are given the opportunity to directly tap into the performance of carefully selected U.S. companies via the Fidelity Stocks for Inflation Factor Index™. This index is meticulously constructed to highlight businesses with the potential to outperform during inflation, across both large and mid-cap sectors, offering a diversified exposure to inflation-resilient industries.
