(FMDE) Fidelity Covington Trust - Overview
Exchange: NYSE ARCA •
Country: USA •
Currency: USD •
Type: Etf •
ISIN: US31609A5039
Etf: Stocks, Equities, Index Funds
Total Rating 42
Risk 53
Buy Signal -0.23
| Risk 5d forecast | |
|---|---|
| Volatility | 17.5% |
| Relative Tail Risk | 2.49% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.69 |
| Alpha | -1.33 |
| Character TTM | |
|---|---|
| Beta | 0.955 |
| Beta Downside | 0.970 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.10% |
| CAGR/Max DD | 0.94 |
Risks
Technicals:
low_hurst
Description: FMDE Fidelity Covington Trust March 04, 2026
FMDE is an actively managed US mid-cap blend ETF. It invests at least 80% of its assets in common stocks from the Russell Midcap® Index. Mid-cap companies are typically established but still retain growth potential, bridging the gap between small-cap volatility and large-cap stability.
The funds investment strategy focuses on identifying long-term drivers of stock returns. This research-driven approach considers factors such as valuation, growth, and quality. This active management style aims to outperform its benchmark by selecting individual securities based on these fundamental characteristics.
For more detailed quantitative analysis of FMDE, consider exploring ValueRay.
Headlines to watch out for
- Mid-cap US equity market performance impacts fund value
- Russell Midcap Index fluctuations directly affect returns
- Research-driven stock selection influences portfolio gains
- Valuation and growth factors determine investment success
What is the price of FMDE shares?
As of March 11, 2026, the stock is trading at USD 36.88 with a total of 1,064,537 shares traded.
Over the past week, the price has changed by -3.13%, over one month by -2.10%, over three months by +1.61% and over the past year by +19.59%.
Over the past week, the price has changed by -3.13%, over one month by -2.10%, over three months by +1.61% and over the past year by +19.59%.
Is FMDE a buy, sell or hold?
Fidelity Covington Trust has no consensus analysts rating.
What are the forecasts/targets for the FMDE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |