Fidelity Covington Trust Etf Profile
| FDHT Etf | USD 20.27 0.16 0.80% |
Performance6 of 100
| Odds Of DistressLess than 9
|
Fidelity Covington is selling for under 20.27 as of the 24th of November 2024; that is 0.80 percent increase since the beginning of the trading day. The etf's last reported lowest price was 20.14. Fidelity Covington has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Fidelity Covington Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of December 2022 and ending today, the 24th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of assets in securities included in the index and in depositary receipts representing securities included in the index. Fidelity Digital is traded on BATS Exchange in the United States. More on Fidelity Covington Trust
Moving against Fidelity Etf
Fidelity Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Theme ETFs, Strategy ETFs, Health, Fidelity Investments (View all Sectors) |
| Issuer | Fidelity |
| Inception Date | 2021-10-07 |
| Benchmark | Fidelity Digital Health Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 8.02 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Fidelity Service Company, Inc. |
| Advisor | Fidelity Management & Research Company LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | Fidelity Distributors Company LLC |
| Portfolio Manager | Deane Gyllenhaal, Louis Bottari, Peter Matthew, Robert Regan, Payal Gupta |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 53.0 |
| Market Maker | Citadel |
| Total Expense | 0.39 |
| Management Fee | 0.39 |
| Country Name | USA |
| Returns Y T D | 4.31 |
| Name | Fidelity Covington Trust - Fidelity Digital Health ETF |
| Currency Code | USD |
| Open Figi | BBG012V21PV4 |
| In Threey Volatility | 23.37 |
| 1y Volatility | 20.25 |
| 200 Day M A | 19.2338 |
| 50 Day M A | 20.2713 |
| Code | FDHT |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.47) |
Fidelity Covington Trust [FDHT] is traded in USA and was established 2021-10-05. The fund is listed under Health category and is part of Fidelity Investments family. The entity is thematically classified as Theme ETFs. Fidelity Covington Trust currently have 8.48 M in assets under management (AUM). , while the total return for the last 3 years was -7.9%.
Check Fidelity Covington Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity Covington Trust Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Fidelity Covington Trust Currency Exposure
Fidelity Covington Trust holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Fidelity Covington will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Fidelity Covington Trust.
Top Fidelity Covington Trust Etf Constituents
| AXGN | Axogen Inc | Stock | Health Care | |
| TDOC | Teladoc | Stock | Health Care | |
| SOON | Sonova H Ag | Stock | Medical Instruments & Supplies | |
| RMD | ResMed Inc | Stock | Health Care | |
| COH | Cochlear | Stock | Health Care | |
| CRVL | CorVel Corp | Stock | Health Care | |
| CTSH | Cognizant Technology Solutions | Stock | Information Technology | |
| HCAT | Health Catalyst | Stock | Health Care |
Fidelity Covington Trust Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Covington. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) |
Fidelity Covington Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Covington Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of Fidelity Covington Trust is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Covington's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Covington's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Covington's market value can be influenced by many factors that don't directly affect Fidelity Covington's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Covington's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Covington is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Covington's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.