Fidelity Covington Trust Fidelity Disruptive Communications ETF
Snapshot*
Top 10 Holdings
What is FDCF?
The fund seeks long-term growth of capital. Normally investing at least 80% of assets in securities of disruptive communications companies. Companies within the disruptive communications theme include but are not limited to those companies that, in the Adviser's opinion, are engaged in social media, next generation digital infrastructure, and connected devices (e.g., 5G communications, cloud networking)
ETFs related toFDCF
ETFs correlated to FDCF include LGRO, PNQI, AIQ
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 toFDCF
Rotating Bonds
Create your own algorithmic trading strategy with FDCF using Composer
News Related to FDCF
Bumble Stumbles On 'Ability To Achieve Wider Industry Growth': Analyst
Aug 12, 2024 • by Michael Juliano
Sea Limited's CEO Celebrates Strong Q1 Across Segments, Highlights E-commerce and Digital Entertainment Growth
May 14, 2024 • by Anusuya Lahiri
Sea Limited Beats Q4 Revenue Expectations, Eyes Positive EBITDA for Shopee in Second Half
Mar 4, 2024 • by Anusuya Lahiri
FAQ
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.