Fidelity Covington Trust Etf Performance

Fidelity Covington Relative Risk vs. Return Landscape

If you would invest  1,514  in Fidelity Covington Trust on November 20, 2025 and sell it today you would earn a total of  245.00  from holding Fidelity Covington Trust or generate 16.18% return on investment over 90 days. Fidelity Covington Trust is currently generating 0.2628% in daily expected returns and assumes 1.3042% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than Fidelity, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.Given the investment horizon of 90 days Fidelity Covington is expected to generate 1.72 times more return on investment than the market. However, the company is 1.72 times more volatile than its market benchmark. It trades about 0.2 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.18 per unit of risk. Below is the normalized historical share price chart for Fidelity Covington Trust extending back to October 07, 2021. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fidelity Covington stands at 17.59, as last reported on the 18th of February 2026, with the highest price reaching 17.65 and the lowest price hitting 17.53 during the day.

Fidelity Covington Target Price Odds to finish over Current Price

Given the investment horizon of 90 days the etf has the beta coefficient of 1.35 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Fidelity Covington will likely underperform. Additionally Fidelity Covington Trust has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.

Predictive Modules for Fidelity Covington

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fidelity Covington Trust. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 16.26 17.56 18.86 Details

Intrinsic Valuation Low Real High 16.00 17.30 18.60 Details

Fidelity Covington Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Fidelity Covington is not an exception. The market had few large corrections towards the Fidelity Covington's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Fidelity Covington Trust, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fidelity Covington within the framework of very fundamental risk indicators.

Fidelity Covington Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Fidelity Covington for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fidelity Covington Trust can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.

Fidelity Covington Fundamentals Growth

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 real. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Understanding Fidelity Covington Trust requires distinguishing between market price and book value, where the latter reflects Fidelity's accounting equity. The concept of intrinsic value - what Fidelity Covington's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated value. Market sentiment, economic cycles, and investor behavior can push Fidelity Covington's price substantially above or below its fundamental 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. In contrast, Fidelity Covington's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.