(FELG) Fidelity Covington Trust - Overview
Etf: Stocks, Equities, Growth, Large-Cap
| Risk 5d forecast | |
|---|---|
| Volatility | 23.3% |
| Relative Tail Risk | 3.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.65 |
| Alpha | -1.99 |
| Character TTM | |
|---|---|
| Beta | 1.272 |
| Beta Downside | 1.174 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.89% |
| CAGR/Max DD | 0.81 |
Description: FELG Fidelity Covington Trust March 04, 2026
FELG is an exchange-traded fund (ETF) that invests primarily in large-cap U.S. growth stocks. The fund aims to track the Russell 1000® Growth Index, which represents a significant portion of the U.S. equity market.
The investment strategy focuses on identifying long-term drivers of stock returns, such as valuation, growth, and quality. Growth investing targets companies expected to grow at an above-average rate compared to the overall market. The fund is non-diversified, meaning it may concentrate its investments in a smaller number of securities, potentially leading to higher volatility.
To understand the specific holdings and performance characteristics of non-diversified growth funds, further research on platforms like ValueRay can be beneficial.
Headlines to watch out for
- Russell 1000 Growth Index performance dictates fund returns
- Funds non-diversified nature amplifies market volatility
- Growth stock valuations impact funds asset performance
- Research-driven stock selection influences portfolio growth
What is the price of FELG shares?
Over the past week, the price has changed by -2.29%, over one month by -5.79%, over three months by -10.33% and over the past year by +17.57%.
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 | - | - |