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ETFs

Fidelity Stocks for Inflation ETF

FCPI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2019
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$497,816
AUM
$133,988,043
Associated Index
Fidelity Stocks for Inflation Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
5.51%
MSFT
Microsoft Corporation
5.06%
MPC
Marathon Petroleum Corp
2.88%
PBF
PBF Energy Inc - Ordinary Shares - Class A
2.84%
STLD
Steel Dynamics Inc.
2.55%
LLY
Lilly(Eli) & Co
2.45%
NUE
Nucor Corp.
2.43%
CHRD
Chord Energy Corp - Ordinary Shares - New
2.43%
RS
Reliance Steel & Aluminum Co.
2.42%
PG
Procter & Gamble Co.
2.41%
Invest with FCPI

What is FCPI?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index. Normally investing at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

ETFs related toFCPI

ETFs correlated to FCPI include FNDB, JAVA, AVLV

FCPI
Fidelity Covington Trust - Fidelity Stocks for Inflation ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
AVUS
American Century ETF Trust - Avantis U.S. Equity 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 toFCPI

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with FCPI using Composer

FAQ

FCPI 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 Stocks for Inflation Factor Index. Normally investing at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

FCPI tracks the Fidelity Stocks for Inflation Factor Index.

No, FCPI 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, FCPI 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 FCPI is -0.0065%. This is the percent change in the value of FCPI over the most recent 1-month period. The 3-month return on FCPI is 0.0158%. This is the percent change in the value of FCPI over the most recent 3-month period.

The standard deviation of FCPI for the past year is 0.1549%. 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 FCPI include VIG, VYM, and DFAS.

ETFs correlated to FCPI include FNDB, JAVA, and AVLV.

ETFs that are inversely correlated to FCPI include DOG, DXD, and SDOW.

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.