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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)
$154,548
AUM
$22,802,470
Associated Index
Fidelity U.S. Multifactor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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MRK
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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, GSLC, FLQL

FLRG
Fidelity Covington Trust - Fidelity U.S. Multifactor ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
EPS
WisdomTree Trust - WisdomTree U.S. LargeCap Fund
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity 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 toFLRG

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with FLRG using Composer

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 -0.0572%. This is the percent change in the value of FLRG over the most recent 1-month period. The 3-month return on FLRG is -0.0368%. 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 0.2041%. 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 SPLV, PRF, and SPHQ.

ETFs correlated to FLRG include QUS, GSLC, and FLQL.

ETFs that are inversely correlated to FLRG include SPDN, SPXS, 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.