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ETFs

Fidelity Blue Chip Value ETF

FBCV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 4, 2020
Expense Ratio
0.59%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$464,969
AUM
$119,768,694
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
6.67%
CSCO
Cisco Systems, Inc.
3.86%
XOM
Exxon Mobil Corp.
3.68%
TRV
Travelers Companies Inc.
3.57%
MDLZ
Mondelez International Inc. - Ordinary Shares - Class A
3.41%
CI
Cigna Group (The)
3.23%
BAC
Bank Of America Corp.
3.14%
CMCSA
Comcast Corp - Ordinary Shares - Class A
2.73%
SNY
Sanofi - ADR
2.70%
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
2.63%
Invest with FBCV

What is FBCV?

The fund seeks long-term growth of capital. Normally investing at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLCs (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. Investing in companies that FMR believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).

ETFs related toFBCV

ETFs correlated to FBCV include VTV, MGV, VYM

FBCV
Fidelity Covington Trust - Fidelity Blue Chip Value ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
IWX
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFBCV

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with FBCV using Composer

FAQ

FBCV is a US Equities ETF. The fund seeks long-term growth of capital. Normally investing at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLCs (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. Investing in companies that FMR believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).

Yes, FBCV is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FBCV is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FBCV is 0.0025%. This is the percent change in the value of FBCV over the most recent 1-month period. The 3-month return on FBCV is 0.0233%. This is the percent change in the value of FBCV over the most recent 3-month period.

The standard deviation of FBCV for the past year is 0.147%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FBCV include SPHQ, DSI, and QUAL.

ETFs correlated to FBCV include VTV, MGV, and VYM.

ETFs that are inversely correlated to FBCV include DOG, SDOW, and DXD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.