Skip to Content
ETFs

Fidelity Sustainable High Yield ETF

FSYD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 15 2022
Expense Ratio
0.55%
Type
US Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$91,532
AUM
$8,939,606
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

UBRT5237348
UBER TECH INC 4.5% 8/29 144A
2.33%
NFE5157982
NEW FORTRESS EN 6.5% 9/26 144A
1.82%
THC5040669
TENET HEALTH 6.125% 10/01/28
1.68%
n/a
MPT 5 % Notes 2017-15.10.27 Gtd Global
1.60%
GDDY5136768
GO DADDY OPERAT 3.5% 3/29 144A
1.51%
CC5234382
CHEMOURS CO 4.625% 11/29 144A
1.50%
n/a
NET OTHER ASSETS
1.44%
CCL5284214
CARNIVAL CORP 6% 05/01/29 144A
1.22%
CRC5112526
CALIFORNI 7.125% 02/01/26 144A
1.12%
MEGEF5114064
MEG ENERG 5.875% 02/01/29 144A
1.06%
Invest with FSYD

What is FSYD?

The fund seeks a high level of income. The fund may also seek capital appreciation. Normally investing at least 80% of the fund's assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds) of companies that Fidelity Management & Research Company LLC (FMR) believes have proven or improving sustainability practices based on an evaluation of such companies individual environmental, social and governance (ESG) profile.

ETFs related toFSYD

ETFs correlated to FSYD include JNK, UJB, HYLB

FSYD
Fidelity Covington Trust - Fidelity Sustainable High Yield ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond 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 toFSYD

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FSYD using Composer

FAQ

FSYD is a US Bonds ETF. The fund seeks a high level of income. The fund may also seek capital appreciation. Normally investing at least 80% of the fund's assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds) of companies that Fidelity Management & Research Company LLC (FMR) believes have proven or improving sustainability practices based on an evaluation of such companies individual environmental, social and governance (ESG) profile.

Yes, FSYD 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, FSYD 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 FSYD is -0.0009%. This is the percent change in the value of FSYD over the most recent 1-month period. The 3-month return on FSYD is 0.0068%. This is the percent change in the value of FSYD over the most recent 3-month period.

The standard deviation of FSYD for the past year is 0.0985%. 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 FSYD include IGSB, SPIB, and VCIT.

ETFs correlated to FSYD include JNK, UJB, and HYLB.

ETFs that are inversely correlated to FSYD include SJB, HIBS, and SPXU.

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.