Fidelity Sustainable High Etf Profile
| FSYD Etf | USD 47.98 0.01 0.02% |
Performance11 of 100
| Odds Of DistressLess than 9
|
Fidelity Sustainable is trading at 47.98 as of the 23rd of November 2024, a 0.02 percent increase since the beginning of the trading day. The etf's lowest day price was 47.91. Fidelity Sustainable has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Fidelity Sustainable High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of November 2023 and ending today, the 23rd of November 2024. Click here to learn more.
Normally the fund invests at least 80 percent of its assets in debt securities rated below investment grade of issuers that Fidelity Management Research Company LLC believes have proven or improving sustainability practices based on an evaluation of such issuers individual environmental, social and governance profile. More on Fidelity Sustainable High
Moving together with Fidelity Etf
Fidelity Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | High Yield ETFs, Broad Debt ETFs, High Yield Bond, Fidelity Investments (View all Sectors) |
| Issuer | Fidelity |
| Inception Date | 2022-02-17 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 34.66 Million |
| Asset Type | Fixed Income |
| Category | Broad Debt |
| Focus | High Yield |
| 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 | Michael Cheng, Brian Chang, Benjamin Harrison |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 28-Feb |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 419 |
| Market Maker | Jane Street |
| Total Expense | 0.55 |
| Management Fee | 0.55 |
| Country Name | USA |
| Returns Y T D | 8.77 |
| Name | Fidelity Sustainable High Yield ETF |
| Currency Code | USD |
| Open Figi | BBG015C9HVZ9 |
| 1y Volatility | 5.77 |
| 200 Day M A | 47.1108 |
| 50 Day M A | 48.0584 |
| Code | FSYD |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Fidelity Sustainable High [FSYD] is traded in USA and was established 2022-02-15. The fund is listed under High Yield Bond category and is part of Fidelity Investments family. The entity is thematically classified as High Yield ETFs. Fidelity Sustainable High currently have 8.64 M in assets under management (AUM). , while the total return for the last year was 13.9%.
Check Fidelity Sustainable 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 Sustainable High 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 Sustainable High Currency Exposure
Fidelity Sustainable High 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 Sustainable 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 Sustainable High.
Top Fidelity Sustainable High Etf Constituents
| ON | ON Semiconductor | Stock | Information Technology | |
| HTWS | Helios Towers Plc | Stock | Communication Services | |
| SGRY | Surgery Partners | Stock | Health Care | |
| SATS | EchoStar | Stock | Information Technology | |
| COHR | Coherent | Stock | Information Technology | |
| MODG | Callaway Golf | Stock | Consumer Discretionary | |
| 0NR2 | Vallourec | Stock | Industrials |
Fidelity Sustainable High 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 Sustainable. 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 | 0.0993 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.48) |
Fidelity Sustainable Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Sustainable High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Fidelity Sustainable High 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 Sustainable's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Sustainable'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 Sustainable's market value can be influenced by many factors that don't directly affect Fidelity Sustainable'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 Sustainable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Sustainable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Sustainable'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.