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Fidelity Covington Trust (FMDE)



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Upturn Advisory Summary
07/14/2025: FMDE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
Fidelity Covington Trust
ETF Overview
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.
Reputation and Reliability
Hypothetical Issuer's reputation is solid with a strong track record.
Management Expertise
Management team possesses considerable experience in the ETF market.
Investment Objective
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
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.
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
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.

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.