(FDHY) Fidelity High Yield Factor - Ratings and Ratios
HighYield Debt, Junk Bonds, Debt Securities
Description: FDHY Fidelity High Yield Factor
The Fidelity High Yield Factor ETF (FDHY) is an exchange-traded fund that focuses on investing in high-yield debt securities, commonly referred to as junk bonds, with at least 80% of its assets allocated to this category. The fund is guided by the ICE BofA BB-B US High Yield Constrained Index in terms of credit quality distribution and risk characteristics.
FDHY primarily invests in securities rated BB or B by major credit rating agencies such as S&P and Moodys, or those considered to be of comparable quality if unrated. This indicates a moderate to high-risk profile due to the nature of the investments. To evaluate the funds performance, key metrics to consider include its yield, duration, and credit quality distribution.
With an Assets Under Management (AUM) of $378.47 million, FDHY has a reasonable size that allows for diversification while maintaining liquidity. To further assess its performance, one can examine its expense ratio, tracking error relative to its benchmark, and historical returns over various periods. Additionally, comparing its yield to that of its benchmark and peers can provide insight into its income generation capabilities.
From a risk perspective, its essential to monitor the funds credit quality, sector allocation, and interest rate sensitivity. High-yield bond ETFs like FDHY are sensitive to changes in credit spreads and economic conditions. Therefore, evaluating the funds performance during different economic cycles and comparing its risk-adjusted returns to those of its peers and benchmark can offer valuable insights.
FDHY ETF Overview
| Market Cap in USD | 415m |
| Category | High Yield Bond |
| TER | 0.45% |
| IPO / Inception | 2018-06-12 |
FDHY ETF Ratings
| Growth Rating | 53.9% |
| Fundamental | - |
| Dividend Rating | 68.8% |
| Return 12m vs S&P 500 | -8.81% |
| Analyst Rating | - |
FDHY Dividends
| Dividend Yield 12m | 6.19% |
| Yield on Cost 5y | 7.41% |
| Annual Growth 5y | -0.25% |
| Payout Consistency | 96.3% |
| Payout Ratio | % |
FDHY Growth Ratios
| Growth Correlation 3m | 96.5% |
| Growth Correlation 12m | 83% |
| Growth Correlation 5y | 56.9% |
| CAGR 5y | 4.15% |
| CAGR/Max DD 5y | 0.25 |
| Sharpe Ratio 12m | 1.12 |
| Alpha | 0.23 |
| Beta | 0.176 |
| Volatility | 3.27% |
| Current Volume | 45k |
| Average Volume 20d | 44.9k |
| Stop Loss | 47.5 (-3.1%) |
| Signal | -1.71 |
What is the price of FDHY shares?
Over the past week, the price has changed by -0.51%, over one month by +0.51%, over three months by +3.02% and over the past year by +6.66%.
Is Fidelity High Yield Factor a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FDHY is around 48.72 USD . This means that FDHY is currently overvalued and has a potential downside of -0.57%.
Is FDHY a buy, sell or hold?
What are the forecasts/targets for the FDHY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 53.4 | 9% |
Last update: 2025-08-28 04:38
FDHY Fundamental Data Overview
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 USD
Beta = 0.7
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 415.2m USD (415.2m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 415.2m)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 415.2m / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default)
NOPAT = 0.0 (EBIT 0.0, no tax applied on loss)
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown Debt (none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(415.2m)/V(0.0) * Re(6.66%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 6.66% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for FDHY ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle