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ETFs

Fidelity Covington Trust Fidelity Disruptive Communications ETF

FDCF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 16, 2020
Expense Ratio
0.50%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$23,382
AUM
$37,006,269
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Alphabet Inc - Ordinary Shares - Class A
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Netflix Inc.
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Amazon.com Inc.
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ZS
Zscaler Inc
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TMUS
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Invest with FDCF

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

FDCF
Fidelity Covington Trust - Fidelity Disruptive Communications ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
TIME
Capitol Series Trust - Clockwise Core Equity & Innovation ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares

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

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FDCF using Composer

FAQ

FDCF is a US Equities ETF. 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)

Yes, FDCF 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, FDCF 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 FDCF is -0.0132%. This is the percent change in the value of FDCF over the most recent 1-month period. The 3-month return on FDCF is -0.0152%. This is the percent change in the value of FDCF over the most recent 3-month period.

ETFs similar to FDCF include XLI, XLY, and XLV.

ETFs correlated to FDCF include LGRO, PNQI, and AIQ.

ETFs that are inversely correlated to FDCF include WEBS, SQQQ, and QID.

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.