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ETFs

Fidelity Investment Grade Securitized ETF

FSEC
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Mar 2, 2021
Expense Ratio
0.36%
Type
US Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$6,999
AUM
$3,071,013
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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UMBS 30YR 2% 11/53 #TBA
7.8%
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Fannie Mae 3 % TBA MBS Single Family 30 Years Maturity Settles October
6.34%
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GNII II 2% 10/53 #TBA
5.39%
—
FHLG 30YR 2.5% 10/50#SD7525
4.05%
CF.TAXMM
CASH CF
3.73%
—
GNII II 3% 10/53 #TBA
3.6%
—
BX 21-PAC A TSFR1M+80 21 10/36
3.27%
—
UMBS 30YR 2% 10/53 #TBA
3.25%
—
WFCM 21-FCM TSFR1M+131 12/49 1
3.21%
—
FNMA 30YR 3.5% 10/47#CA0607
3.17%
Invest with FSEC
Trade FSEC Options

What is FSEC?

The fund seeks a high level of current income. Normally investing at least 80% of assets in investment-grade securitized debt securities (those of medium and high quality) and repurchase agreements for those securities.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FSEC
Performance Measures**

for the time period Mar 4, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 0.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -17.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.07

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.01

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFSEC

ETFs correlated to FSEC include SPMB, PYLD, GNMA

FSEC
Fidelity Covington Trust - Fidelity Investment Grade Securitized ETF
SPMB
SPDR Series Trust - SPDR Portfolio Mortgage Backed Bond ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
GNMA
BlackRock Institutional Trust Company N.A. - iShares GNMA Bond ETF
VMBS
Vanguard Group, Inc. - Vanguard Mortgage-Backed Securities ETF
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
JMBS
Janus Capital Management LLC - Janus Henderson Mortgage-Backed Securities ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
JCPB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Core Plus Bond ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond 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.

FAQ

FSEC is a US Bonds ETF. The fund seeks a high level of current income. Normally investing at least 80% of assets in investment-grade securitized debt securities (those of medium and high quality) and repurchase agreements for those securities.

Yes, FSEC 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, FSEC 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 FSEC is -0.0156%. This is the percent change in the value of FSEC over the most recent 1-month period. The 3-month return on FSEC is -0.0391%. This is the percent change in the value of FSEC over the most recent 3-month period.

The standard deviation of FSEC for the past year is 0.0745%. 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 FSEC include CMBS, JBBB, and PAAA.

ETFs correlated to FSEC include SPMB, PYLD, and GNMA.

ETFs that are inversely correlated to FSEC include TBX, PST, and TBF.

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.