(FMDE) Fidelity Covington Trust - Overview
Etf: Mid-Cap, Equity, ETF, Index
Dividends
| Dividend Yield | 1.29% |
| Yield on Cost 5y | 1.82% |
| Yield CAGR 5y | 21.86% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 14.7% |
| Relative Tail Risk | 1.79% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.38 |
| Alpha | -4.52 |
| Character TTM | |
|---|---|
| Beta | 0.910 |
| Beta Downside | 0.929 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.10% |
| CAGR/Max DD | 1.02 |
Description: FMDE Fidelity Covington Trust January 11, 2026
The Fidelity Covington Trust Mid-Cap ETF (FMDE) invests at least 80% of its net assets in the common stocks that comprise the Russell Midcap® Index, a market-cap-weighted benchmark that captures the U.S. mid-cap segment. The manager follows a research-driven framework that screens for long-term return drivers such as valuation multiples, earnings growth, and quality metrics, while remaining flexible to incorporate additional factors.
As of the most recent filing, FMDE carries an expense ratio of 0.12% and manages roughly $1.2 billion in assets, placing it among the larger mid-cap blend ETFs. The fund’s sector tilt leans toward technology and consumer discretionary, which together account for about 35% of holdings-a composition that tends to be sensitive to U.S. GDP growth and the Federal Reserve’s interest-rate stance. Recent quarterly data show a 12-month total return of approximately 9.4%, outpacing the Russell Midcap Index’s 8.7% over the same period.
For a deeper, data-centric view of FMDE’s factor exposures and risk profile, you might explore ValueRay’s analytical tools.
What is the price of FMDE shares?
Over the past week, the price has changed by +1.19%, over one month by +0.51%, over three months by +4.59% and over the past year by +10.57%.
Is FMDE a buy, sell or hold?
What are the forecasts/targets for the FMDE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 41.4 | 10.4% |
FMDE Fundamental Data Overview February 02, 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 = 5.09b USD (5.09b + (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 5.09b)
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 5.09b / 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 = 9.27% (E(5.09b)/V(5.09b) * Re(9.27%) + (debt-free company))
Discount Rate = 9.27% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)