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ETFs

Fidelity Women's Leadership ETF

FDWM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 15, 2021
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$5,641
AUM
$3,167,997
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IVE
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Value ETF
10.12%
MSFT
Microsoft Corporation
4.08%
AAPL
Apple Inc
3.45%
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF
2.61%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.40%
HIG
Hartford Financial Services Group Inc.
2.21%
ACN
Accenture plc - Ordinary Shares - Class A
2.10%
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
1.98%
NVDA
NVIDIA Corp
1.91%
INTU
Intuit Inc
1.87%
Invest with FDWM

What is FDWM?

The fund seeks long-term growth of capital. Normally investing at least 80% of assets in equity securities of companies that prioritize and advance womens leadership and development.

ETFs related toFDWM

ETFs correlated to FDWM include TILT, AVSU, DFAC

FDWM
Fidelity Covington Trust - Fidelity Women's Leadership
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market 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 toFDWM

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FDWM using Composer

News Related to FDWM

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FAQ

FDWM is a Global Equities ETF. The fund seeks long-term growth of capital. Normally investing at least 80% of assets in equity securities of companies that prioritize and advance womens leadership and development.

Yes, FDWM 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, FDWM 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 FDWM is -0.0216%. This is the percent change in the value of FDWM over the most recent 1-month period. The 3-month return on FDWM is -0.0146%. This is the percent change in the value of FDWM over the most recent 3-month period.

The standard deviation of FDWM for the past year is 0.1818%. 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 FDWM include PBW, IGF, and ARKK.

ETFs correlated to FDWM include TILT, AVSU, and DFAC.

ETFs that are inversely correlated to FDWM include SH, SDS, and SPDN.

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.