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ETFs

Fidelity Covington Trust Fidelity Disruptors ETF

FDIF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 14 2020
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$256,600
AUM
$84,824,997
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

FDFF
Fidelity Covington Trust - Fidelity Disruptive Finance ETF
21.60%
FDCF
Fidelity Covington Trust - Fidelity Disruptive Communications ETF
20.92%
FDTX
Fidelity Covington Trust - Fidelity Disruptive Technology ETF
19.74%
FMED
Fidelity Covington Trust - Fidelity Disruptive Medicine ETF
18.96%
FBOT
Fidelity Covington Trust - Fidelity Disruptive Automation ETF
18.50%
CF.TAXMM
CASH CF
0.29%
n/a
US DOLLAR
-0.00%
n/a
NET OTHER ASSETS
-0.00%
Invest with FDIF

What is FDIF?

Fidelity Disruptors ETF is an actively managed ETF incorporated in the USA. The fund normally investing assets in a combination of five Fidelity funds, each of which normally invests in equity securities of companies that represent a disruptive theme. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers.

ETFs related toFDIF

ETFs correlated to FDIF include XT, NULG, AIQ

FDIF
Fidelity Covington Trust - Fidelity Disruptors ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund

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 toFDIF

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FDIF using Composer

FAQ

FDIF is a Global Equities ETF. Fidelity Disruptors ETF is an actively managed ETF incorporated in the USA. The fund normally investing assets in a combination of five Fidelity funds, each of which normally invests in equity securities of companies that represent a disruptive theme. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers.

Yes, FDIF is actively 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.

No, FDIF is not passively managed. It is actively 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 FDIF is -0.0251%. This is the percent change in the value of FDIF over the most recent 1-month period. The 3-month return on FDIF is -0.0601%. This is the percent change in the value of FDIF over the most recent 3-month period.

ETFs similar to FDIF include PBW, IGF, and ARKK.

ETFs correlated to FDIF include XT, NULG, and AIQ.

ETFs that are inversely correlated to FDIF include SQQQ, QID, and PSQ.

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.