(FDHY) Fidelity High Yield Factor - Overview
Etf: High-Yield, Corporate, Bonds, BB-B
Dividends
| Dividend Yield | 6.57% |
| Yield on Cost 5y | 7.83% |
| Yield CAGR 5y | -0.67% |
| Payout Consistency | 97.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 3.49% |
| Relative Tail Risk | -3.39% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.77 |
| Alpha | 1.54 |
| Character TTM | |
|---|---|
| Beta | 0.214 |
| Beta Downside | 0.239 |
| Drawdowns 3y | |
|---|---|
| Max DD | 5.26% |
| CAGR/Max DD | 1.71 |
Description: FDHY Fidelity High Yield Factor December 29, 2025
The Fidelity® High Yield Factor ETF (FDHY) allocates at least 80% of its assets to below-investment-grade debt, commonly known as high-yield or junk bonds. Its portfolio construction follows the ICE BofA BB-B US High Yield Constrained Index, emphasizing a credit-quality distribution that mirrors the index’s risk profile. The fund primarily holds securities rated BB/B (S&P), Ba/B (Moody’s), or comparable ratings from other recognized agencies; unrated issues are only included if Fidelity’s research deems them of equivalent quality.
As of the most recent quarter, FDHY carries an expense ratio of 0.45% and delivers an average yield around 7.5%, reflecting the elevated compensation investors demand for credit risk. The fund’s effective duration sits near 3.5 years, making it moderately sensitive to changes in the Federal Reserve’s policy rate. Key macro drivers include the spread between high-yield corporate bonds and Treasury yields, corporate earnings trends, and the broader economic cycle, which together influence default rates and price appreciation in the sector.
For a deeper dive into the fund’s risk-adjusted performance metrics, you might explore ValueRay’s analytical tools.
What is the price of FDHY shares?
Over the past week, the price has changed by -0.06%, over one month by +0.46%, over three months by +2.04% and over the past year by +8.55%.
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 | 55.9 | 13% |
FDHY Fundamental Data Overview February 09, 2026
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 = 501.0m USD (501.0m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 501.0m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 501.0m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
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 = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.70% (E(501.0m)/V(501.0m) * Re(6.70%) + (debt-free company))
Discount Rate = 6.70% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)