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ETFs

Fidelity New Millennium ETF

FMIL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 04 2020
Expense Ratio
0.59%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$267,892
AUM
$62,700,779
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IVE
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Value ETF
7.94%
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
6.83%
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF
5.69%
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
3.79%
AAPL
Apple Inc
3.75%
MSFT
Microsoft Corporation
3.54%
LLY
Lilly(Eli) & Co
2.92%
CB
Chubb Limited
2.06%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
1.95%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.80%
Invest with FMIL

What is FMIL?

The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Identifying early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies.

ETFs related toFMIL

ETFs correlated to FMIL include GAPR, CVLC, AVUS

FMIL
Fidelity Covington Trust - Fidelity New Millennium ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
PDP
Invesco Capital Management LLC - Invesco DWA Momentum ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt 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 toFMIL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FMIL using Composer

FAQ

FMIL is a US Equities ETF. The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Identifying early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies.

Yes, FMIL 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, FMIL 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 FMIL is 0.0476%. This is the percent change in the value of FMIL over the most recent 1-month period. The 3-month return on FMIL is 0.0795%. This is the percent change in the value of FMIL over the most recent 3-month period.

The standard deviation of FMIL for the past year is 0.1997%. 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 FMIL include SUSA, IGE, and SPHQ.

ETFs correlated to FMIL include GAPR, CVLC, and AVUS.

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

Disclaimers

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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.