Fidelity Covington Risk Adjusted Performance

FFLG Etf   25.03  0.06  0.24%   
Fidelity Covington risk-adjusted-performance technical analysis lookup allows you to check this and other technical indicators for Fidelity Covington Trust or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
Fidelity Covington Trust has current Risk Adjusted Performance of 0.0853.

RAP

 = 

(ER[a] - RFR) * STD[b])/STD[b]

RFR

 = 
0.0853
ER[a] = Expected return on investing in Fidelity Covington
RFR = Risk Free Rate of return. Typically T-Bill Rate
STD[b] =   Standard Deviation of selected market or benchmark.

Fidelity Covington Risk Adjusted Performance Peers Comparison

Fidelity Risk Adjusted Performance Relative To Other Indicators

Fidelity Covington Trust is rated # 4 ETF in risk adjusted performance as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  73.07  of Maximum Drawdown per Risk Adjusted Performance. The ratio of Maximum Drawdown to Risk Adjusted Performance for Fidelity Covington Trust is roughly  73.07 
Compare Fidelity Covington to Peers

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