(FELG) Fidelity Covington Trust - Ratings and Ratios
Large-Cap Growth Stocks
Description: FELG Fidelity Covington Trust
Fidelity Covington Trust (FELG) is an ETF that tracks the large-cap growth segment of the US equity market, investing at least 80% of its assets in common stocks included in the Russell 1000 Growth Index. The fund employs a research-driven approach to identify long-term drivers of stock returns, focusing on factors such as valuation, growth, and quality.
As a non-diversified fund, FELGs portfolio is likely to be concentrated in a smaller number of holdings, which can result in higher volatility. To evaluate its performance, key metrics to consider include the funds tracking error, information ratio, and Sharpe ratio. Additionally, examining the funds sector allocation, industry exposure, and top holdings can provide insight into its investment strategy and potential areas of risk.
With an AUM of $3.86 billion, FELG has achieved a relatively stable liquidity profile. To further assess its investment merits, it is essential to analyze its returns relative to its benchmark, the Russell 1000 Growth Index, as well as its peer group within the Large Growth ETF category. Key performance indicators (KPIs) such as the funds 3-year and 5-year returns, expense ratio, and beta can help investors make informed decisions.
From a technical analysis perspective, FELGs price action can be evaluated using indicators such as the relative strength index (RSI) and Bollinger Bands. Examining the funds trading volume, average daily volume, and order book data can also provide insight into its liquidity and market sentiment.
FELG ETF Overview
| Market Cap in USD | 4,320m |
| Category | Large Growth |
| TER | 0.18% |
| IPO / Inception | 2007-04-19 |
FELG ETF Ratings
| Growth Rating | 80.6% |
| Fundamental | - |
| Dividend Rating | 37.4% |
| Return 12m vs S&P 500 | 5.93% |
| Analyst Rating | - |
FELG Dividends
| Dividend Yield 12m | 0.45% |
| Yield on Cost 5y | 0.67% |
| Annual Growth 5y | 131.19% |
| Payout Consistency | 66.7% |
| Payout Ratio | % |
FELG Growth Ratios
| Growth Correlation 3m | 96.3% |
| Growth Correlation 12m | 52.8% |
| Growth Correlation 5y | 86.3% |
| CAGR 5y | 30.49% |
| CAGR/Max DD 3y | 1.28 |
| CAGR/Mean DD 3y | 21.53 |
| Sharpe Ratio 12m | 1.46 |
| Alpha | 11.74 |
| Beta | 0.835 |
| Volatility | 13.39% |
| Current Volume | 182k |
| Average Volume 20d | 288.6k |
| Stop Loss | 39.1 (-3%) |
| Signal | 0.53 |
What is the price of FELG shares?
Over the past week, the price has changed by +2.65%, over one month by +2.94%, over three months by +12.63% and over the past year by +26.11%.
Is Fidelity Covington Trust a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FELG is around 40.04 USD . This means that FELG is currently overvalued and has a potential downside of -0.69%.
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 | 44.9 | 11.3% |
Last update: 2025-09-12 04:36
FELG Fundamental Data Overview
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 USD
Beta = 1.07
Revenue TTM = 0.0 USD
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 = 4.32b USD (4.32b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 4.32b)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 4.32b / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default)
NOPAT = 0.0 (EBIT 0.0, no tax applied on loss)
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 = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(4.32b)/V(0.0) * Re(9.09%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 9.09% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for FELG ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle