Do FDRV and WATS hold the same stocks?

By their latest filings, 7% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FDRV or WATS?

FDRV has 21% of its weight in S&P 500 names and WATS has 29%, so WATS differs more from the index.

Which is cheaper, FDRV or WATS?

FDRV charges 0.39% a year and WATS charges 0.35%, so WATS is cheaper. Fees come from each fund's prospectus.

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FDRV vs WATS: which is really different?

FDRV and WATS hold 7% of their weight in the same names. Fidelity Electric Vehicles and Future Transportation ETF and Corgi Battery Energy Storage Systems ETF.

21.3%

FDRV in the S&P 500

28.9%

WATS in the S&P 500

−8.2%

FDRV total return, 1 year

−24.9%

WATS total return, since launch

FDRV · 1 year to Sep 30, 202679% of its weight is outside the S&P 500

21% of FDRV's weight is in S&P 500 companies and 79% is outside the index

WATS · 3 months to Sep 30, 202671% of its weight is outside the S&P 500

29% of WATS's weight is in S&P 500 companies and 71% is outside the index

ETFIQ Off-Index Score · WATS scores higherHow much of it is not the index it is sold as an alternative to?

FDRV 42.8

WATS 51.3

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, FDRV and WATS hold 7% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

50%

half

7% in common

Positions both hold, largest shared weight first

Holding FDRV WATS

TESLA INC 4.95% 17.02%

AMPRIUS TECHNOLOGIES INC 0.65% 2.85%

MICROVAST HOLDINGS INC 0.48% 1.75%

Only in FDRV

UBER TECHNOLOGIES INC 4.92%

CONTEMPORARY AMPEREX TECHNOLOGY CO LTD 4.78%

INFINEON TECHNOLOGIES AG 4.65%

NXP SEMICONDUCTORS NV 4.30%

BYD CO LTD 3.88%

RIVIAN AUTOMOTIVE INC 3.83%

ALLEGRO MICROSYSTEMS INC 3.61%

APTIV PLC 3.44%

Only in WATS

Bloom Energy Corp 12.36%

Enphase Energy Inc 6.12%

EnerSys 5.76%

Energy Vault Holdings Inc 4.58%

AES Corp/The 4.33%

Generac Holdings Inc 4.09%

Sociedad Quimica y Minera de Chile SA 4.01%

Sunrun Inc 3.50%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

7% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	FDRV	WATS	FDRV	WATS	FDRV	WATS
3 months	−16.6%	−23.4%	−19.1 pts	−26.0 pts	−18.7 pts	−25.6 pts
6 months	−2.9%	not published	−19.9 pts	not published	−29.8 pts	not published
1 year	−8.2%	not published	−23.9 pts	not published	−31.9 pts	not published
3 years	−4.0%	not published	−89.0 pts	not published	−114.0 pts	not published
Since launch FDRV Oct 2021 · WATS May 2026	−35.6%	−24.9%	−121.5 pts	−29.3 pts	−145.5 pts	−31.4 pts

FDRV and WATS over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

FDRV

Fidelity Electric Vehicles and Future Transportation ETF · Holds 50 stocks in electric vehicles and batteries, 21% of its weight in S&P 500 companies

WATS

Corgi Battery Energy Storage Systems ETF · Holds 24 stocks in electric vehicles and batteries, 29% of its weight in S&P 500 companies

Issuer Fidelity Corgi

Theme Electric vehicles and batteries Electric vehicles and batteries

In the S&P 500 21.3% 28.9%

Active share vs the S&P 500 97.4% 98.1%

In the Nasdaq-100 9.7% 17.0%

Holdings 50 24

Top ten, share of the fund 41.5% 65.2%

Expense ratio 0.39% 0.35%

Fee for the differing part 0.40% 0.36%

Total return, 1 year −8.2% −24.9% (since launch on May 6, 2026)

vs the S&P 500 −23.9 pts −29.3 pts

vs the Nasdaq-100 −31.9 pts −31.4 pts

Below its high −45.3% −38.3%

Net assets $25m $496,218

FDRV and WATS on the same fields, as of Sep 30, 2026. Source: ETFIQ.

FDRV in plain words

By weight, 21% of FDRV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 42% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned −8.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 23.9 pts. It sits 45.3% below its all-time high of Nov 8, 2021.

WATS in plain words

By weight, 29% of WATS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 65% of the fund across 24 positions, as published by its issuer for Sep 30, 2026. Since it launched on May 6, 2026 the fund returned −24.9% with distributions reinvested against +4.5% for the S&P 500, so a holder was behind by 29.3 pts. It sits 38.3% below its all-time high of Jun 2, 2026.

Questions people ask

Do FDRV and WATS hold the same stocks?: By their latest filings, 7% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FDRV or WATS?: FDRV has 21% of its weight in S&P 500 names and WATS has 29%, so WATS differs more from the index.
Which is cheaper, FDRV or WATS?: FDRV charges 0.39% a year and WATS charges 0.35%, so WATS is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDRV vs LITP FDRV vs HAIL FDRV vs IDRV FDRV vs ILIT WATS vs BATT WATS vs HAIL WATS vs IDRV WATS vs ILIT

FDRV on its own →WATS on its own →How every figure is computed →Standards and sources →

Where these figures came from

FDRV filings on SEC EDGAR ↗FDRV prospectus with the expense ratio (SEC) ↗Fidelity website ↗WATS filings on SEC EDGAR ↗WATS prospectus with the expense ratio (SEC) ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, FDRV against WATS, data as of Sep 30, 2026. https://etfiq.com/compare/themes/fdrv-vs-wats

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.