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Upturn AI SWOT - About
Fidelity Covington Trust (FELG)
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Upturn Advisory Summary
04/01/2025: FELG (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Analysis of Past Performance
Type ETF | Historic Profit 17.52% | Avg. Invested days 74 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 523425 | Beta 1.07 | 52 Weeks Range 27.61 - 36.82 | Updated Date 04/1/2025 |
52 Weeks Range 27.61 - 36.82 | Updated Date 04/1/2025 |
Upturn AI SWOT
Fidelity Covington Trust
ETF Overview
Overview
The Fidelity Covington Trust is a suite of ETFs designed to provide investors with targeted exposure to various segments of the market. The specific focus, sector, asset allocation, and investment strategy vary depending on the individual ETF within the trust.
Reputation and Reliability
Fidelity is a well-established and reputable asset management firm with a long history of providing investment products and services.
Management Expertise
Fidelity has a large and experienced team of investment professionals managing its various ETFs and mutual funds.
Investment Objective
Goal
The investment goal varies depending on the specific ETF within the Fidelity Covington Trust. Each ETF has a clearly defined objective outlined in its prospectus.
Investment Approach and Strategy
Strategy: The strategy varies based on the specific ETF. Some track indexes, while others use active management strategies.
Composition The composition varies significantly depending on the specific ETF, ranging from stocks and bonds to other asset classes.
Market Position
Market Share: Market share varies greatly based on the specific ETF within the Trust.
Total Net Assets (AUM): AUM varies depending on the specific ETF within the Fidelity Covington Trust. Specific AUM needs to be identified by ETF.
Competitors
Key Competitors
Competitive Landscape
The competitive landscape is highly fragmented with numerous ETF providers. Fidelity benefits from its brand recognition and established distribution network. Determining the competitive advantage requires analyzing individual ETFs within the Trust.
Financial Performance
Historical Performance: Historical performance varies based on the specific ETF and its underlying assets. Data should be derived directly from fund factsheet for all time periods.
Benchmark Comparison: The ETF's performance compared to its benchmark will vary and should be directly obtained from the ETF's factsheet.
Expense Ratio: Expense ratios vary depending on the specific ETF within the Fidelity Covington Trust. Data should be derived directly from fund factsheet.
Liquidity
Average Trading Volume
Average trading volume varies significantly based on the specific ETF within the Trust.
Bid-Ask Spread
The bid-ask spread will vary for each ETF and reflect its underlying liquidity.
Market Dynamics
Market Environment Factors
Economic indicators, sector growth, and market conditions will impact individual ETFs within the Trust depending on their specific focus.
Growth Trajectory
The growth trajectory depends on the ETF's investment strategy and market conditions. Changes to strategy and holdings are disclosed in regulatory filings.
Moat and Competitive Advantages
Competitive Edge
Fidelity Covington Trust benefits from Fidelity's established brand, extensive distribution network, and research capabilities. Some ETFs may have unique investment strategies or focus on niche market segments. The overall competitive advantage depends on how the ETF is positioned against peers. Specific ETFs within the trust have particular advantages based on the area of the market they are seeking to capitalize on.
Risk Analysis
Volatility
Volatility depends on the ETF's underlying assets and investment strategy.
Market Risk
Market risk depends on the ETF's asset allocation, sector focus, and geographic exposure.
Investor Profile
Ideal Investor Profile
The ideal investor profile varies by ETF. Some are suitable for long-term investors, while others are more appropriate for active traders.
Market Risk
Suitability depends on the investor's risk tolerance, investment goals, and time horizon. Some ETFs are suitable for passive index followers, while others are better for active management.
Summary
Fidelity Covington Trust is a collection of ETFs offered by Fidelity, designed to provide investors with various investment strategies and focuses. The specific ETF determines the overall investment approach, sector, asset allocation, and risk profile. Investors should carefully review the prospectus and factsheet of each ETF to determine if it aligns with their investment objectives and risk tolerance. Fidelity's brand and research capabilities provide a competitive advantage.
Similar Companies
Sources and Disclaimers
Data Sources:
- Fidelity Investments Website
- ETF Fact Sheets
- ETF Prospectuses
Disclaimers:
The information provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investment decisions should be based on a thorough understanding of the risks involved and consultation 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
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will invest at least 80% of assets in common stocks included in the Russell 1000® Growth Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap growth 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. The fund is non-diversified.
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