Fidelity’s Top 9 ETFs Put Up Some Huge Returns

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By Carl Sullivan Published

Quick Read

  • All nine top Fidelity ETFs returned over 27% in 2025, led by clean energy fund FRNW at 52.58%.

  • Eight of nine top performers focus on international or emerging markets rather than domestic equities.

  • Most international funds maintained momentum into early 2026 with YTD gains ranging from 5% to 12%.

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Fidelity’s Top 9 ETFs Put Up Some Huge Returns

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Shopping for Fidelity exchange-traded funds (ETFs)? A good place to start is by looking at the top nine performers of 2025, all of which returned over 27% last year. The top performer boasted a return over 50%.

Of course, what performed well in 2025 isn’t guaranteed to perform well in 2026. Some of these ETFs may have benefited from market conditions that won’t be replicated this year. So it remains a good idea to evaluate each investment in terms of the larger economic and market picture. 

To kickstart your research, here are the nine best-performing ETFs managed by Fidelity Investments. Many have an international focus.

No. 9: Fidelity Disruptive Communications ETF (FDCF)

FDCF was up 27.34% last year, which makes sense considering how rapidly the communications industry changed in 2025 (and continues to change). The fund managers look to invest in innovative companies that are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. Top holdings include Taiwan Semiconductor Manufacturing, Alphabet, and Meta.

The fund is down 6.89% year to date (as of Feb. 4). It’s being hit by the larger retreat from technology stocks.

With net assets of $106.13 million, FDCF has an expense ratio of 0.5%, a PE ratio of 27.16, and a yield of 0.03%.

No. 8: Fidelity Fundamental Global ex-U.S. ETF (FFGX)

FFGX increased 27.41% in 2025. The ETF seeks long-term growth of capital by investing primarily in non-U.S. securities, including emerging markets. But most of its holdings are large caps in Europe and Asia, with top holdings including Samsung Electronics and Hitachi. The fund is up 5.22% YTD.

With net assets of $30.46 million, the fund’s expense ratio is 0.55%. It has a PE ratio of 21.39 and a yield of 1.62%.

No. 7: Fidelity International Multifactor ETF (FDEV)

Another international offering, FDEV jumped 30.78% last year. This foreign large blend fund is most heavily invested in financial services, industrials, and basic materials. Fund managers track the Fidelity Targeted International Multifactor Index, which is designed to reflect the performance of large- and mid-cap international stocks with lower volatility. Just over 50% of current holdings are in Europe, with 30% in Asia.

FDEV has net assets of $228.51 million and is up 6.36% year to date. The expense ratio is 0.19%, PE ratio is 17.53, and yield is 2.86%.

No. 6: Fidelity Enhanced Emerging Markets ETF (FEMR)

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About the Author Carl Sullivan →

Carl Sullivan has been a Flywheel Publishing contributor since 2020, focusing mostly on personal finance, investing and technology. He started his journalism career covering mutual funds, banking and business regulation.

Besides his freelance writing, Carl is a long-time manager of editorial teams covering a variety of topics including news, business and politics. He’s currently the North America Managing Editor for Flipboard and worked previously for Microsoft News and Newsweek.

Carl loves exploring the world and lived in India for several years. Today, he resides in New York City’s Queens borough, where you can hear hundreds of different languages just by riding the subway.

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