(FDHY) Fidelity High Yield Factor - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US3160926180 • High Yield Bond
FDHY: High, Yield, Debt, Securities, Junk, Bonds
The Fidelity® High Yield Factor ETF (NYSE ARCA: FDHY) is designed to provide exposure to high-yield debt securities, commonly referred to as junk bonds. The fund typically allocates at least 80% of its assets to securities rated below investment grade, focusing on issuers with lower credit quality but higher potential yields. The advisor employs the ICE® BofA® BB-B US High Yield Constrained Index as a benchmark for portfolio construction, emphasizing credit quality distribution and risk management. The fund primarily holds securities rated BB or B by S&P, Ba or B by Moodys, or equivalently rated by other recognized credit agencies. Unrated securities are included only if FMR, the funds advisor, deems them comparable in quality to rated issues.
FDHY is structured to capture the performance of higher-yield debt instruments while maintaining a focus on risk-adjusted returns. The funds holdings are selected based on their alignment with the defined credit characteristics of the benchmark index, ensuring a balanced exposure across the high-yield spectrum. This approach aims to mitigate risk while capitalizing on the potentially higher returns associated with below-investment-grade debt.
Based on technical and fundamental analysis, FDHY is expected to maintain its current trajectory over the next three months. The funds average volume of 51,316 shares suggests moderate liquidity, while its last price of $48.78 indicates stability near its 20-day SMA of $48.79. The 50-day SMA at $48.43 and 200-day SMA at $47.46 signal a slight upward trend, supported by an ATR of 0.29, which reflects low volatility. Fundamentally, with AUM of $370.71 million, FDHY is well-positioned to navigate market conditions, particularly as investors seek higher yields in a low-interest-rate environment. The funds focus on BB-B rated securities may attract demand, potentially supporting its price over the forecast period.
Additional Sources for FDHY ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
FDHY ETF Overview
Market Cap in USD | 375m |
Category | High Yield Bond |
TER | 0.45% |
IPO / Inception | 2018-06-12 |
FDHY ETF Ratings
Growth 5y | 59.3% |
Fundamental | - |
Dividend | 70.2% |
Rel. Strength Industry | 6.79 |
Analysts | - |
Fair Price Momentum | 49.22 USD |
Fair Price DCF | - |
FDHY Dividends
Dividend Yield 12m | 6.63% |
Yield on Cost 5y | 9.21% |
Annual Growth 5y | -0.25% |
Payout Consistency | 96.7% |
FDHY Growth Ratios
Growth Correlation 3m | 75.4% |
Growth Correlation 12m | 96.5% |
Growth Correlation 5y | 54.7% |
CAGR 5y | 6.96% |
CAGR/Max DD 5y | 0.43 |
Sharpe Ratio 12m | 1.47 |
Alpha | 2.40 |
Beta | 0.19 |
Volatility | 4.71% |
Current Volume | 34.8k |
Average Volume 20d | 53.5k |
As of March 15, 2025, the stock is trading at USD 48.24 with a total of 34,827 shares traded.
Over the past week, the price has changed by -0.86%, over one month by -0.60%, over three months by +0.50% and over the past year by +7.87%.
Partly, yes. Based on ValueRay Analyses, Fidelity High Yield Factor (NYSE ARCA:FDHY) is currently (March 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 59.34 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FDHY as of March 2025 is 49.22. This means that FDHY is currently overvalued and has a potential downside of 2.03%.
Fidelity High Yield Factor has no consensus analysts rating.
According to ValueRays Forecast Model, FDHY Fidelity High Yield Factor will be worth about 53.5 in March 2026. The stock is currently trading at 48.24. This means that the stock has a potential upside of +10.88%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 53.5 | 10.9% |