Fidelity Covington Trust Etf Profile
| FFLG Etf | 25.03 0.06 0.24% |
Performance7 of 100
| Odds Of DistressLess than 9
|
Fidelity Covington is trading at 25.03 as of the 24th of November 2024. This is a 0.24 percent decrease since the beginning of the trading day. The etf's lowest day price was 25.0. Fidelity Covington has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Fidelity Covington symbol was changed from FGRO on 26th of February 2024. Equity ratings for Fidelity Covington Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2023 and ending today, the 24th of November 2024. Click here to learn more.
Fidelity Covington is entity of United States. It is traded as Etf on BATS exchange. More on Fidelity Covington Trust
Moving together with Fidelity Etf
Fidelity Etf Highlights
| Older Symbol | FGRO |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Large Cap ETFs, Size And Style ETFs, Large Growth (View all Sectors) |
| Issuer | Fidelity |
| Inception Date | 2021-02-04 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 353.98 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Fidelity Management & Research Company LLC |
| Advisor | Fidelity Management & Research Company LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | Fidelity Distributors Company LLC |
| Portfolio Manager | Tim Gannon, Michael Kim, Risteard Hogan |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Jul |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 103 |
| Market Maker | Citadel |
| Total Expense | 0.38 |
| Management Fee | 0.38 |
| Country Name | USA |
| Code | FFLG |
| Updated At | 23rd of November 2024 |
| Returns Y T D | 31.99 |
| Name | Fidelity Covington Trust - Fidelity Fundamental Large Cap Growth ETF |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.07 |
| Currency Code | USD |
| Open Figi | BBG00Z4JFLJ3 |
| In Threey Volatility | 24.53 |
| Type | ETF |
| 1y Volatility | 16.4 |
Fidelity Covington Trust [FFLG] is traded in USA and was established null. Fidelity Covington Trust was previously known as Fidelity Growth Opportunities and was traded on BATS Exchange under the symbol FGRO. The fund is listed under Large Growth. The entity is thematically classified as Large Cap ETFs. Fidelity Covington Trust currently have in assets under management (AUM). , while the total return for the last 3 years was 5.2%.
Check Fidelity Covington Probability Of Bankruptcy
Geographic Allocation (%)
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
| LULU | Lululemon Athletica | Stock | Consumer Discretionary | |
| GEV | GE Vernova LLC | Stock | Utilities | |
| TMDX | TransMedics Group | Stock | Health Care | |
| LEGN | Legend Biotech Corp | Stock | Health Care | |
| KDP | Keurig Dr Pepper | Stock | Consumer Staples | |
| ITCI | Intracellular Th | Stock | Health Care | |
| SE | Sea | Stock | Communication Services | |
| AVGO | Broadcom | Stock | Information Technology |
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 | 0.0853 | |||
| Jensen Alpha | 0.0019 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) |
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 bureau of economic analysis. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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.