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Upturn AI Summary
Fidelity Covington Trust(FELG)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FELG
10/02/2026: FELG (3-star) is a STRONG-BUY. BUY for 36 days. Simulated Profits (1.60%). Updated daily EoD!
Fidelity Covington Trust (FELG) provides investors with an actively managed exposure to U.S. equities, focusing on high-quality firms with growth potential. Its main strengths include the deep research capabilities of Fidelity and the flexibility of active management, though it faces risks related to manager performance and overall market cycles. The fund is designed for long-term capital appreciation rather than income. Investors should monitor market valuations and the fund's ability to outperform its passive peers. It is best suited for growth-oriented investors who value active research over passive index tracking.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The fund's active strategy is explicitly designed to identify and capitalize on high-growth equity opportunities. |
| Momentum investor | Strong fit while signal remains positive | The fund's focus on growing companies often aligns with momentum-driven market cycles. |
| Value investor | Mixed fit | While the fund focuses on quality, it may prioritize growth over strict value metrics like P/E ratios. |
| Dividend/Income investor | Weak fit | The fund prioritizes capital appreciation over the generation of steady dividend income. |
| Low-risk investor | Weak fit | As an equity-focused growth fund, it carries inherent market volatility that may exceed the tolerance of low-risk investors. |
Investor Profile
Ideal Investor Profile
Investors seeking active equity management, capital appreciation, and alignment with high-quality growth companies.
Suitability
Best suited for long-term investors comfortable with the risks of active management and equity volatility.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Equity markets are subject to significant price swings that can affect short-term portfolio value. |
| Market risk | High | The fund's performance is closely tied to the overall direction of the stock market. |
| Concentration | Medium | Active management may lead to sector or stock tilts that deviate from the broader market index. |
| Tracking/expense | Low | As an active fund, it does not aim to track an index, meaning tracking error is an inherent feature of its strategy. |
| Liquidity | Low | Large-cap holdings are generally liquid, reducing the risk of being unable to exit positions. |
| Business/sector quality | Medium | The success of the strategy depends on the manager's ability to select high-quality companies. |
Risk Analysis
Volatility
FELG exhibits volatility typical of growth-oriented equities, often fluctuating with broader market sentiment.
Market Risk
The fund faces significant exposure to systematic market risks, including interest rate changes and economic cycles.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | U.S. Large-Cap Equities | 85 | Provides primary exposure to established large-cap companies that form the core of the U.S. economy. |
| Market capitalization | U.S. Mid/Small-Cap Equities | 12 | Offers opportunistic exposure to smaller companies with higher potential growth profiles. |
| Cash/collateral | Cash and Cash Equivalents | 3 | Represents liquid assets held for operational needs or pending investment opportunities. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 30.79% | Avg. Invested days 64 | Today’s Advisory Strong Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $5.83B |
| Issuer | Fidelity Investments |
| Expense Ratio | 0.18% |
| Distribution Yield | 0.35% |
| Inception | Apr 19, 2007 |
Performance
| Period | Total Return |
|---|---|
| YTD | +9.13% |
| 1 Year | +12.27% |
| 3 Year | +25.41% |
| 5 Year | +13.76% |
| 10 Year | +17.83% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 18.32% |
| 3Y Volatility | 16.73% |
| 3Y Sharpe Ratio | 1.02 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mega Cap | 63.08% |
| Large Cap | 24.47% |
| Mid Cap | 8.28% |
| Small Cap | 3.39% |
| Micro Cap | 0.00% |
Top Sectors
| Sector | Weight |
|---|---|
| Technology | 58.81% |
| Communication Services | 15.53% |
| Industrials | 8.64% |
| Healthcare | 5.75% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 21.7x |
| Portfolio P/B | 8.49x |
| Portfolio P/S | 6.63x |
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| NVIDIA | 16.00% |
| Apple | 8.02% |
| Alphabet Class A | 7.51% |
| Broadcom | 5.12% |
| Microsoft | 4.98% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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