Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
Fidelity Covington Trust - Fidelity U.S. Multifactor ETF(FLRG)
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 FLRG
11/13/2026: FLRG (3-star) is currently NOT-A-BUY. Pass it for now.
Fidelity U.S. Multifactor ETF (FLRG) provides exposure to U.S. large- and mid-cap stocks selected through a systematic, factor-based strategy emphasizing quality, value, and momentum. Its primary strengths are its low expense ratio, rigorous issuer research, and potential for risk-adjusted outperformance over broad market indices. It is best used as a core equity holding for long-term investors looking for a disciplined approach to stock selection. Key risks include systemic market fluctuations and the potential for certain factors to lag during specific market cycles. It is well-suited for investors who favor systematic, quantitative strategies over pure 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 | Mixed fit | The multifactor approach includes value and quality tilts that may underperform during aggressive growth rallies. |
| Momentum investor | Strong fit while signal remains positive | The fund incorporates momentum factors, making it an appropriate vehicle when the market trend is upward. |
| Value investor | Strong fit | The fund's systematic focus on valuation makes it a strong choice for those seeking to avoid overvalued stocks. |
| Dividend/Income investor | Mixed fit | While it holds stable companies, its primary focus is on capital appreciation rather than high dividend yields. |
| Low-risk investor | Medium | The inclusion of quality and low-volatility factors helps mitigate downside risk compared to pure market-cap strategies. |
Investor Profile
Ideal Investor Profile
Investors seeking a systematic, long-term approach to U.S. equity investing who desire exposure to multiple performance drivers rather than simple market-cap weighting.
Suitability
Best suited for long-term passive index followers who prefer a 'core-plus' strategy incorporating quality and value tilts.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | As an equity fund, it is subject to standard market price fluctuations. |
| Market risk | Medium / high | The fund is fully exposed to U.S. equity market systemic risks. |
| Concentration | Medium | While diversified, factor tilts may lead to temporary sector concentrations that differ from the broad market. |
| Tracking/expense | Low | The low expense ratio and systematic index tracking keep tracking error manageable. |
| Liquidity | Low | The underlying assets are highly liquid large-cap stocks, ensuring easy entry and exit. |
| Business/sector quality | Low | The quality factor tilt explicitly favors companies with robust balance sheets and sustainable earnings. |
Sector & Industry Intelligence
This fund is not assigned to one sector.
Risk Analysis
Volatility
FLRG exhibits volatility generally in line with the broader U.S. equity market, though the quality filter can dampen extreme swings.
Market Risk
The primary risk is systemic market decline; as a 100% equity product, there is no inherent downside protection during major crashes.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | Large-Cap U.S. Equities | 85 | These large, established companies provide the primary engine for capital appreciation and stability. |
| Market capitalization | Mid-Cap U.S. Equities | 14 | Mid-cap exposure introduces additional growth potential and diversification outside of the largest index components. |
| Cash/collateral | Cash and Cash Equivalents | 1 | A small cash buffer is held to manage daily liquidity requirements and rebalancing needs. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 23.07% | Avg. Invested days 57 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/13/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.