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FMDE
Upturn stock ratingUpturn stock rating

Fidelity Covington Trust (FMDE)

Upturn stock ratingUpturn stock rating
$34.7
Last Close (24-hour delay)
Profit since last BUY7.93%
upturn advisory
Consider higher Upturn Star rating
BUY since 44 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

07/14/2025: FMDE (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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 4.81%
Avg. Invested days 37
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/14/2025

Key Highlights

Volume (30-day avg) -
Beta 1.11
52 Weeks Range 26.84 - 35.10
Updated Date 06/30/2025
52 Weeks Range 26.84 - 35.10
Updated Date 06/30/2025

ai summary icon Upturn AI SWOT

Fidelity Covington Trust

ETF Overview

overview logo Overview

The instruction does not mention the name or ticker to analyze. This response uses placeholder information and instructions for generating the response, and should not be taken as factual information.

reliability logo Reputation and Reliability

Hypothetical Issuer's reputation is solid with a strong track record.

reliability logo Management Expertise

Management team possesses considerable experience in the ETF market.

Investment Objective

overview logo Goal

Hypothetical ETF seeks long-term capital appreciation.

Investment Approach and Strategy

Strategy: The ETF aims to track the performance of a specific hypothetical index.

Composition The ETF holds a diversified portfolio of stocks.

Market Position

Market Share: Hypothetical ETF possesses a significant market share in the hypothetical sector.

Total Net Assets (AUM): 1000000000

Competitors

overview logo Key Competitors

  • COMP1
  • COMP2
  • COMP3

Competitive Landscape

The ETF market is competitive, with the hypothetical ETF facing competition from larger and well-established players. It attempts to differentiate itself through a unique investment strategy. Competitors benefit from greater brand recognition.

Financial Performance

Historical Performance: Past performance is not indicative of future results.

Benchmark Comparison: The ETF's performance is closely aligned with its benchmark index.

Expense Ratio: 0.05

Liquidity

Average Trading Volume

The ETF exhibits moderate trading volume, providing sufficient liquidity for most investors.

Bid-Ask Spread

The bid-ask spread is relatively tight, minimizing transaction costs.

Market Dynamics

Market Environment Factors

Economic indicators and sector growth prospects influence the ETF's performance.

Growth Trajectory

The ETF's growth is dependent on the overall market sentiment and investor demand.

Moat and Competitive Advantages

Competitive Edge

The ETF's competitive advantage stems from its low expense ratio and the issuer's strong reputation. It provides exposure to a niche market segment that is not well-covered by other ETFs. The fund's active management style also enables it to adapt to changing market conditions. This combines to provide a potential edge over passively managed competitors in similar fields.

Risk Analysis

Volatility

The ETF experiences moderate volatility.

Market Risk

Market risk is the primary concern, as the ETF's value can fluctuate with market movements.

Investor Profile

Ideal Investor Profile

The ideal investor is seeking long-term capital appreciation and is comfortable with moderate risk.

Market Risk

The ETF is best suited for long-term investors seeking diversification.

Summary

The Hypothetical Fidelity Covington Trust ETF offers investors a compelling opportunity for long-term growth. Its low expense ratio and diversified portfolio make it an attractive option. The ETF's performance is closely tied to its benchmark index. While subject to market risk, it provides a relatively stable investment vehicle. The ETF is ideal for investors seeking diversification and long-term capital appreciation.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Hypothetical Data
  • Simulated Analysis

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. Consult with a financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Fidelity Covington Trust

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally utilizing a research-driven approach identifying long-term drivers of stock returns that may include,but are not limited to, valuation, growth, quality, and other factors.