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ETFs

Fidelity U.S. Multifactor ETF

FLRG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 15, 2020
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$282,055
AUM
$34,710,154
Associated Index
Fidelity U.S. Multifactor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
6.68%
MSFT
Microsoft Corporation
6.14%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.81%
XOM
Exxon Mobil Corp.
1.92%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.89%
LLY
Lilly(Eli) & Co
1.82%
V
Visa Inc - Ordinary Shares - Class A
1.78%
MA
Mastercard Incorporated - Ordinary Shares - Class A
1.70%
PG
Procter & Gamble Co.
1.61%
HD
Home Depot, Inc.
1.50%
Invest with FLRG

What is FLRG?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Multifactor Index. The Fidelity U.S. Multifactor Index is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

ETFs related toFLRG

ETFs correlated to FLRG include QUS, ROUS, IUS

FLRG
Fidelity Covington Trust - Fidelity U.S. Multifactor ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
DGRW
WisdomTree Trust - WisdomTree U.S. Quality Dividend Growth Fund
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor 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 toFLRG

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FLRG using Composer

News Related to FLRG

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Mar 21, 2016 • by Benzinga
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Mar 21, 2016 • by Benzinga
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FAQ

FLRG is a US Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Multifactor Index. The Fidelity U.S. Multifactor Index is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

FLRG tracks the Fidelity U.S. Multifactor Index.

No, FLRG 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, FLRG 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 FLRG is -0.0031%. This is the percent change in the value of FLRG over the most recent 1-month period. The 3-month return on FLRG is 0.0173%. This is the percent change in the value of FLRG over the most recent 3-month period.

The standard deviation of FLRG for the past year is 0.1505%. 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 FLRG include SPHQ, DSI, and QUAL.

ETFs correlated to FLRG include QUS, ROUS, and IUS.

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

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.