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Upturn AI SWOT - About
Fidelity Covington Trust - Fidelity U.S. Multifactor ETF (FLRG)
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Upturn Advisory Summary
08/14/2025: FLRG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 25.59% | Avg. Invested days 67 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.89 | 52 Weeks Range 28.88 - 35.77 | Updated Date 06/30/2025 |
52 Weeks Range 28.88 - 35.77 | Updated Date 06/30/2025 |
Upturn AI SWOT
Fidelity Covington Trust - Fidelity U.S. Multifactor ETF
ETF Overview
Overview
The Fidelity U.S. Multifactor ETF (FLGE) seeks to provide investment results that correspond to the performance of the Fidelity U.S. Multifactor Index, focusing on stocks exhibiting value, quality, and momentum characteristics.
Reputation and Reliability
Fidelity is a well-established and reputable financial services company with a long track record in investment management.
Management Expertise
Fidelity has extensive experience and expertise in managing a wide range of investment products, including ETFs.
Investment Objective
Goal
The fund seeks investment results that correspond to the performance of the Fidelity U.S. Multifactor Index.
Investment Approach and Strategy
Strategy: The ETF aims to track the Fidelity U.S. Multifactor Index, a rules-based index designed to reflect the performance of stocks exhibiting value, quality, and momentum characteristics.
Composition The ETF holds a portfolio of U.S. stocks selected based on factors like valuation ratios, profitability metrics, and price momentum.
Market Position
Market Share: Data unavailable.
Total Net Assets (AUM): 686700000
Competitors
Key Competitors
- IVV
- SPY
- VTV
- QUAL
Competitive Landscape
The ETF industry is highly competitive, with numerous funds offering exposure to various market segments and investment strategies. FLGE competes with broad market ETFs and factor-based ETFs. Advantages might include Fidelity's brand and multi-factor approach, but disadvantages may arise from tracking error to benchmark and competition from larger, more liquid ETFs.
Financial Performance
Historical Performance: Historical performance data unavailable but could be represented as an array like this: [0.10, 0.15, 0.08, 0.12, 0.05] (representing annual returns).
Benchmark Comparison: Benchmark comparison data unavailable, but can be presented as an array like this: [0.12, 0.16, 0.09, 0.13, 0.06] for the benchmark.
Expense Ratio: 0.29
Liquidity
Average Trading Volume
The ETF's liquidity, measured by average trading volume, reflects how easily it can be bought or sold without significantly impacting its price.
Bid-Ask Spread
The bid-ask spread indicates the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept, representing a transaction cost.
Market Dynamics
Market Environment Factors
Economic indicators such as GDP growth, inflation, and interest rates can affect the performance of the ETF. Sector growth prospects within the U.S. equity market also influence the ETF's holdings. Current market conditions, like volatility and investor sentiment, can affect its short-term performance.
Growth Trajectory
Growth trends depend on the sustained interest in factor-based investing. Changes to the underlying index or the fund's holdings could impact its future performance.
Moat and Competitive Advantages
Competitive Edge
Fidelity's U.S. Multifactor ETF (FLGE) boasts a competitive edge through its strategic focus on value, quality, and momentum factors, providing investors with diversified exposure to fundamentally sound companies. Fidelity's established brand and active management expertise further contribute to its appeal. Its multi-factor approach aims to capture potentially higher returns by targeting stocks with specific characteristics. FLGE's competitive advantage stems from its well-defined investment strategy and Fidelity's resources.
Risk Analysis
Volatility
Historical volatility data unavailable, but can be measured by standard deviation of returns.
Market Risk
Specific risks include the risk of underperformance compared to the broader market, factor rotation risk, and the potential for losses due to adverse market conditions affecting the underlying stocks.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking diversified exposure to U.S. equities with a factor-based approach. They should be comfortable with moderate risk.
Market Risk
This ETF is suitable for long-term investors seeking capital appreciation and diversification, as well as active traders who believe in factor-based strategies.
Summary
The Fidelity U.S. Multifactor ETF (FLGE) offers a diversified portfolio of U.S. stocks selected based on value, quality, and momentum factors. As it is actively managed by Fidelity, it may outperform the broader market and factor-based strategies. Investors should consider its expense ratio and potential risks of factor-based investing. The fund may suit long-term investors seeking exposure to factor investing in the U.S. equity market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Fidelity Investments Website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market share data may not be available in real-time. Investment decisions should be based on individual circumstances and after consulting with a qualified financial advisor.
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.
About Fidelity Covington Trust - Fidelity U.S. Multifactor ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index". The Fidelity U.S. Multifactor Index" is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.
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