(FESM) Fidelity Covington Trust - Overview
Etf: Small-Cap, Equity, Index, ETF
Dividends
| Dividend Yield | 0.94% |
| Yield on Cost 5y | 1.26% |
| Yield CAGR 5y | -11.43% |
| Payout Consistency | 94.7% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 21.7% |
| Relative Tail Risk | -2.70% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.74 |
| Alpha | 3.75 |
| Character TTM | |
|---|---|
| Beta | 1.039 |
| Beta Downside | 1.043 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.93% |
| CAGR/Max DD | 0.94 |
Description: FESM Fidelity Covington Trust January 14, 2026
The Fidelity Covington Trust Small-Cap Blend ETF (NASDAQ: FESM) aims to allocate at least 80% of its net assets to common stocks that are constituents of the Russell 2000® Index, a market-cap-weighted benchmark representing the U.S. small-cap equity universe. The fund’s manager follows a research-driven framework that screens for long-term return drivers such as valuation multiples, earnings growth, quality metrics, and other factor-based signals.
As of the most recent filing, FESM reports an expense ratio of roughly 0.30%, total assets of about $250 million, and an average portfolio turnover near 30% annually-figures that place it in line with peer small-blend ETFs. Small-cap performance tends to be sensitive to domestic GDP growth and consumer-spending trends, while the sector tilt toward technology and industrials can amplify exposure to cyclical earnings cycles and interest-rate movements.
For a deeper, data-rich view of how FESM’s factor exposures compare to the broader market, you might explore the analytics on ValueRay.
What is the price of FESM shares?
Over the past week, the price has changed by +1.82%, over one month by +2.91%, over three months by +10.97% and over the past year by +20.23%.
Is FESM a buy, sell or hold?
What are the forecasts/targets for the FESM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 45.2 | 11.8% |
FESM Fundamental Data Overview February 02, 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 = 3.82b USD (3.82b + (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 3.82b)
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 3.82b / 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 = 9.74% (E(3.82b)/V(3.82b) * Re(9.74%) + (debt-free company))
Discount Rate = 9.74% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)