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ETFs

Fidelity Value Factor ETF

FVAL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 12 2016
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$1,334,405
AUM
$513,414,037
Associated Index
Fidelity U.S. Value Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with FVAL

What is FVAL?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor IndexSM. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

ETFs related toFVAL

ETFs correlated to FVAL include DFAU, DFAC, IUS

FVAL
Fidelity Covington Trust - Fidelity Value Factor ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad 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 toFVAL

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FVAL using Composer

FAQ

FVAL 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. Value Factor IndexSM. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

FVAL tracks the Fidelity U.S. Value Factor Index.

No, FVAL 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, FVAL 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 FVAL is 0.0011%. This is the percent change in the value of FVAL over the most recent 1-month period. The 3-month return on FVAL is 0.0187%. This is the percent change in the value of FVAL over the most recent 3-month period.

The standard deviation of FVAL for the past year is 0.1739%. 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 FVAL include SPHQ, DSI, and QUAL.

ETFs correlated to FVAL include DFAU, DFAC, and IUS.

ETFs that are inversely correlated to FVAL include SH, SDS, and SPXS.

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.