(FELG) Fidelity Covington Trust - Overview

ETF Category: Large Growth | Exchange: NYSE ARCA (USA) | Market Cap: 5.569m USD | Total Return: 25.8% in 12m

Large-Cap Stocks, Growth Equities, Common Stocks
Total Rating 43
Safety 51
Buy Signal 0.24
Large Growth Category Rotation: +4.5
TER: 0.18%
AUM: 5.57B
Avg Turnover: 15.1M
Risk 3d forecast
Volatility15.0%
VaR 5th Pctl2.79%
VaR vs Median3.28%
Reward TTM
Sharpe Ratio1.28
Rel. Str. IBD62.6
Rel. Str. Peer Group38.4
Character TTM
Beta1.293
Beta Downside1.261
Hurst Exponent0.472
Drawdowns 3y
Max DD23.89%
CAGR/Max DD1.08
CAGR/Mean DD7.22

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: FELG Fidelity Covington Trust

Fidelity Covington Trust (FELG) is an exchange-traded fund that invests at least 80% of its assets in common stocks within the Russell 1000 Growth Index. This index tracks large-cap U.S. equities characterized by higher price-to-book ratios and forecasted growth values. The fund employs a research-driven strategy, selecting securities based on fundamental drivers such as valuation, quality, and earnings growth potential.

The large-cap growth sector typically includes dominant market leaders in technology, consumer discretionary, and healthcare industries. Because FELG is classified as a non-diversified fund, it can concentrate a larger percentage of its assets in a smaller number of individual issuers compared to diversified funds. You can analyze how these individual holdings align with your portfolio goals by using ValueRay.

Headlines to Watch Out For
  • Mega-cap technology earnings growth dictates overall fund performance trends
  • Russell 1000 Growth Index volatility directly impacts fundamental share valuation
  • Federal Reserve interest rate policy shifts influence high-growth equity premiums
  • Concentrated asset positioning increases sensitivity to individual blue-chip stock movements
  • Domestic consumer spending levels drive revenue for large-cap growth constituents
What is the price of FELG shares? As of May 19, 2026, the stock is trading at USD 43.91 with a total of 342,586 shares traded.
Over the past week, the price has changed by +0.16%, over one month by +5.07%, over three months by +10.79% and over the past year by +25.81%.
Is FELG a buy, sell or hold? Fidelity Covington Trust has no consensus analysts rating.
What are the forecasts/targets for the FELG price?
Analysts Target Price - -