(FMAG) Fidelity Covington Trust - Overview
Etf: Equity, Global, Non-Diversified, Active
Dividends
| Dividend Yield | 0.08% |
| Yield on Cost 5y | 0.15% |
| Yield CAGR 5y | 31.61% |
| Payout Consistency | 78.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 19.6% |
| Relative Tail Risk | 3.25% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.04 |
| Alpha | -11.89 |
| Character TTM | |
|---|---|
| Beta | 1.006 |
| Beta Downside | 0.958 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.12% |
| CAGR/Max DD | 0.98 |
Description: FMAG Fidelity Covington Trust January 01, 2026
The Fidelity Magellan ETF (BATS: FMAG) is an actively managed, non-diversified fund that operates under an SEC exemptive order, meaning it is not obliged to disclose its full daily holdings. Instead, it posts a “Tracking Basket” each business day that approximates the fund’s performance, though it is not the actual portfolio. FMAG primarily invests in equity securities of both domestic and foreign issuers and is classified as a Large-Growth ETF.
As of the latest filing, FMAG carries an expense ratio of roughly 0.65% and manages about $1.2 billion in assets, with an average daily trading volume near 150,000 shares. The fund’s top sector exposure is to technology (≈45% of assets), reflecting the broader growth-driven market cycle, and its 12-month total return has been around 18%, outperforming the S&P 500’s 12-month return of 14% during the same period. Key macro drivers include U.S. GDP growth rates, Federal Reserve policy on interest rates, and corporate earnings trends in the tech sector, all of which materially affect FMAG’s performance.
For a deeper, data-driven breakdown of FMAG’s risk-adjusted returns, you might explore the ValueRay platform.
What is the price of FMAG shares?
Over the past week, the price has changed by -1.95%, over one month by -3.25%, over three months by -1.55% and over the past year by +2.96%.
Is FMAG a buy, sell or hold?
What are the forecasts/targets for the FMAG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 37.9 | 12.6% |
FMAG Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 257.7m USD (257.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 257.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 257.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.62% (E(257.7m)/V(257.7m) * Re(9.62%) + (debt-free company))
Discount Rate = 9.62% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)