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ETFs

Fidelity High Yield Factor ETF

FDHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 12 2018
Expense Ratio
0.45%
Type
US Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$1,011,221
AUM
$287,772,645
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FMGF5393751
FMG RES A 5.875% 04/15/30 144A
2.06%
CF.TAXMM
CASH CF
1.88%
RCL5463204
ROYAL CA 11.625% 08/15/27 144A
1.57%
PFGC5220100
PERFORMANCE FO 4.25% 8/29 144A
1.53%
NOG5584915
NORTHERN OIL 8.75% 6/31 144A
1.40%
GFLE5080215
GFL ENV INC 4% 08/01/28 144A
1.27%
NXST5046451
NEXSTAR MEDIA 4.75% 11/28 144A
1.26%
NFE5157982
NEW FORTRESS EN 6.5% 9/26 144A
1.23%
TDG/29A
TransDigm Inc. - 4.875% NT REDEEM 01/05/2029 USD 2000
1.22%
MALRY5406289
MINERAL RES LTD 8.5% 5/30 144A
1.06%
Invest with FDHY

What is FDHY?

Fidelity High Yield Factor ETF seeks a high level of income. The fund may also seek capital appreciation. Normally invests at least 80% of the funds assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds).

ETFs related toFDHY

ETFs correlated to FDHY include UJB, HYLB, HYG

FDHY
Fidelity Covington Trust - Fidelity High Yield Factor ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond 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 toFDHY

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FDHY using Composer

FAQ

FDHY is a US Bonds ETF. Fidelity High Yield Factor ETF seeks a high level of income. The fund may also seek capital appreciation. Normally invests at least 80% of the funds assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds).

Yes, FDHY 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, FDHY 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 FDHY is -0.0035%. This is the percent change in the value of FDHY over the most recent 1-month period. The 3-month return on FDHY is 0.0149%. This is the percent change in the value of FDHY over the most recent 3-month period.

The standard deviation of FDHY for the past year is 0.0918%. 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 FDHY include LQD, VCSH, and IGIB.

ETFs correlated to FDHY include UJB, HYLB, and HYG.

ETFs that are inversely correlated to FDHY include SJB, HIBS, and SPXU.

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.