(FELG) Fidelity Covington Trust - Overview
Etf: Large-Cap Growth Stocks
Dividends
| Dividend Yield | 0.43% |
| Yield on Cost 5y | 0.63% |
| Yield CAGR 5y | 1.94% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 22.1% |
| Relative Tail Risk | 2.81% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.42 |
| Alpha | -5.15 |
| Character TTM | |
|---|---|
| Beta | 1.166 |
| Beta Downside | 1.141 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.89% |
| CAGR/Max DD | 1.02 |
Description: FELG Fidelity Covington Trust January 12, 2026
The Fidelity Covington Trust Large-Cap Growth ETF (NYSE ARCA:FELG) commits at least 80% of its net assets to stocks that belong to the Russell 1000® Growth Index, a cap-weighted benchmark that captures the U.S. large-cap growth universe.
Management employs a research-driven, factor-focused process that screens for long-term return drivers such as valuation multiples, earnings growth, and quality metrics. Because the fund is classified as non-diversified, it may hold fewer than 40 securities, concentrating risk in a relatively tight portfolio.
Key quantitative snapshots (as of 30 Nov 2025): expense ratio ≈ 0.15%, assets under management ≈ $1.3 billion, 12-month total return ≈ +9.4% (vs. Russell 1000 Growth’s +8.7%). The top sector weights are technology (≈ 28%), consumer discretionary (≈ 22%), and health care (≈ 15%). Recent macro-level drivers include the Federal Reserve’s stance on rates-higher rates tend to compress growth-stock multiples-and corporate earnings growth in the tech sector, which remains above the S&P 500 average.
For a deeper, data-driven breakdown of FELG’s factor exposure, you might explore ValueRay’s analytics platform.
What is the price of FELG shares?
Over the past week, the price has changed by -1.78%, over one month by -3.73%, over three months by -2.85% and over the past year by +11.85%.
Is FELG a buy, sell or hold?
What are the forecasts/targets for the FELG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 44.4 | 10.4% |
FELG 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 = 4.67b USD (4.67b + (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 4.67b)
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 4.67b / 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 = 10.21% (E(4.67b)/V(4.67b) * Re(10.21%) + (debt-free company))
Discount Rate = 10.21% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)