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ETFs

Fidelity Covington Trust Fidelity Disruptive Finance ETF

FDFF
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Apr 16, 2020
Expense Ratio
0.5%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$50,584
AUM
$41,456,236
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

V
Visa Inc - Ordinary Shares - Class A
6.27%
DLO
DLocal Limited - Ordinary Shares Class A
6.09%
MA
Mastercard Incorporated - Ordinary Shares - Class A
6%
BLK
Blackrock Inc.
4.87%
EFX
Equifax, Inc.
4.61%
ICE
Intercontinental Exchange Inc
4.17%
COF
Capital One Financial Corp.
4.14%
BRP
BRP Group Inc - Ordinary Shares - Class A
4.14%
AJG
Arthur J. Gallagher & Co.
3.59%
CF.CCCF
SECURITIES LENDING CF
3.59%
Invest with FDFF
Trade FDFF Options

What is FDFF?

The fund seeks long-term growth of capital. Normally investing at least 80% of assets in securities of disruptive finance companies. Companies within the disruptive financials theme include but are not limited to those companies that, in the Adviser's opinion, are engaged in digital solutions to deliver more cost effective, efficient, and customized financial services such as digital payments, data processing, internet banks, and other disruptive lending and insurance business models.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FDFF
Performance Measures**

for the time period Jun 12, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 1.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -5.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -23.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 18.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.84

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.65

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFDFF

ETFs correlated to FDFF include XAUG, LGRO, IPAY

FDFF
Fidelity Covington Trust - Fidelity Disruptive Finance ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
IPAY
ETF Managers Group LLC - ETFMG Prime Mobile Payments ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor 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.

FAQ

FDFF is a Global Equities ETF. The fund seeks long-term growth of capital. Normally investing at least 80% of assets in securities of disruptive finance companies. Companies within the disruptive financials theme include but are not limited to those companies that, in the Adviser's opinion, are engaged in digital solutions to deliver more cost effective, efficient, and customized financial services such as digital payments, data processing, internet banks, and other disruptive lending and insurance business models.

Yes, FDFF 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, FDFF 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 FDFF is -0.0164%. This is the percent change in the value of FDFF over the most recent 1-month period. The 3-month return on FDFF is 0.0107%. This is the percent change in the value of FDFF over the most recent 3-month period.

ETFs similar to FDFF include PBW, IGF, and ARKK.

ETFs correlated to FDFF include XAUG, LGRO, and IPAY.

ETFs that are inversely correlated to FDFF include HDGE, TWM, and RWM.

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.