(FMDE) Fidelity Covington Trust - Ratings and Ratios
Mid-Cap, Equity, Index, ETF
| Risk via 10d forecast | |
|---|---|
| Volatility | 16.4% |
| Value at Risk 5%th | 27.5% |
| Relative Tail Risk | 2.31% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.11 |
| Alpha | -8.95 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.251 |
| Beta | 0.909 |
| Beta Downside | 0.953 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.10% |
| Mean DD | 2.90% |
| Median DD | 1.76% |
Description: FMDE Fidelity Covington Trust November 08, 2025
The Fidelity Covington Trust Mid-Cap Blend ETF (FMDE) commits at least 80% of its capital to common stocks that comprise the Russell Midcap® Index, a cap-weighted benchmark tracking the U.S. mid-cap segment. The manager applies a research-driven framework that screens for long-term return drivers such as valuation metrics, growth potential, quality scores, and additional factor considerations.
As of the latest filing, FMDE holds roughly $1.3 billion in assets under management, carries an expense ratio of 0.15%, and delivers a 12-month total return of about 9.8%, outperforming the broader S&P 500 mid-cap index by ~1.2 percentage points. The fund’s sector tilt leans toward industrials and consumer discretionary, which tend to benefit from a strengthening domestic economy and modest interest-rate environments-key macro drivers for mid-cap earnings growth.
For a deeper, data-rich look at FMDE’s factor exposures and valuation profile, you might explore the analytics platform ValueRay, which can help you quantify how the ETF aligns with your investment thesis.
FMDE ETF Overview
| Market Cap in USD | 4,185m |
| Category | Mid-Cap Blend |
| TER | 0.23% |
| IPO / Inception | 2007-12-20 |
| Return 12m vs S&P 500 | -8.01% |
| Analyst Rating | - |
FMDE Dividends
| Dividend Yield | 1.23% |
| Yield on Cost 5y | 1.79% |
| Yield CAGR 5y | 1307.69% |
| Payout Consistency | 83.3% |
| Payout Ratio | - |
FMDE Growth Ratios
| CAGR 3y | 20.55% |
| CAGR/Max DD Calmar Ratio | 0.97 |
| CAGR/Mean DD Pain Ratio | 7.09 |
| Current Volume | 473.3k |
| Average Volume | 484k |
What is the price of FMDE shares?
Over the past week, the price has changed by -0.50%, over one month by -0.37%, over three months by +1.10% and over the past year by +5.44%.
Is Fidelity Covington Trust a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FMDE is around 39.14 USD . This means that FMDE is currently undervalued and has a potential upside of +10.32% (Margin of Safety).
Is FMDE a buy, sell or hold?
What are the forecasts/targets for the FMDE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 44 | 24% |
FMDE Fundamental Data Overview November 11, 2025
Beta = 1.15
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 = 4.19b USD (4.19b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 4.19b)
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 4.19b / 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 = 9.36% (E(4.19b)/V(4.19b) * Re(9.36%) + (debt-free company))
Discount Rate = 9.36% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for FMDE ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle