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ETFs

Fidelity Digital Health ETF

FDHT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 05 2021
Expense Ratio
0.39%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$32,120
AUM
$3,711,467
Associated Index
Fidelity Digital Health Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ISRG
Intuitive Surgical Inc
6.38%
RMD
Resmed Inc.
4.61%
DXCM
Dexcom Inc
4.45%
VEEV
Veeva Systems Inc - Ordinary Shares - Class A
4.10%
PODD
Insulet Corporation
3.90%
SOON
Sonova Holding AG
3.67%
COH
Cochlear Ltd.
3.42%
INSP
Inspire Medical Systems Inc
3.32%
FPH
Fisher & Paykel Healthcare Corporation Limited
2.85%
DEMANT
DEMANT A/S
2.77%
Invest with FDHT

What is FDHT?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Digital Health Index. Normally investing at least 80% of assets in securities included in the Fidelity Digital Health Index and in depositary receipts representing securities included in the index. The Fidelity Digital Health Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum providing healthcare records management, connected healthcare devices, surgical robotics, telemedicine, and other technology-enabled healthcare products and services.

ETFs related toFDHT

ETFs correlated to FDHT include XHE, VBK, ISCG

FDHT
Fidelity Covington Trust - Fidelity Digital Health ETF
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
ISCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index 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 toFDHT

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FDHT using Composer

FAQ

FDHT is a Global Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Digital Health Index. Normally investing at least 80% of assets in securities included in the Fidelity Digital Health Index and in depositary receipts representing securities included in the index. The Fidelity Digital Health Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum providing healthcare records management, connected healthcare devices, surgical robotics, telemedicine, and other technology-enabled healthcare products and services.

FDHT tracks the Fidelity Digital Health Index.

No, FDHT is not actively managed. It is passively 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.

Yes, FDHT is passively 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 FDHT is -0.0857%. This is the percent change in the value of FDHT over the most recent 1-month period. The 3-month return on FDHT is -0.0455%. This is the percent change in the value of FDHT over the most recent 3-month period.

The standard deviation of FDHT for the past year is 0.2649%. 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 FDHT include KWEB, IXN, and IXC.

ETFs correlated to FDHT include XHE, VBK, and ISCG.

ETFs that are inversely correlated to FDHT include TWM, TZA, 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.