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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)
$8,928
AUM
$4,740,970
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
15.62%
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
9.51%
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF
3.88%
MSFT
Microsoft Corporation
3.33%
n/a
CASH
3.11%
AME
Ametek Inc
2.52%
PGR
Progressive Corp.
2.48%
ACN
Accenture plc - Ordinary Shares - Class A
2.13%
CDW
CDW Corp
2.07%
IPG
Interpublic Group Of Cos., Inc.
1.95%
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, GSEW, VTHR

FDWM
Fidelity Covington Trust - Fidelity Women`s Leadership ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
VTHR
Vanguard Group, Inc. - Vanguard Russell 3000 Index 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
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. 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

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

#BUTTERFLY

Golden Butterfly

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with FDWM using Composer

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 -0.042%. This is the percent change in the value of FDWM over the most recent 1-month period. The 3-month return on FDWM is 0.0198%. 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 0.2387%. 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 ARKK, TAN, and EFG.

ETFs correlated to FDWM include TILT, GSEW, and VTHR.

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

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.