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ETFs

Fidelity New Millennium ETF

FMIL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 04 2020
Expense Ratio
0.59%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$713,367
AUM
$108,191,669
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
6.96%
MSFT
Microsoft Corporation
6.74%
AAPL
Apple Inc
4.96%
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF
3.42%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.10%
XOM
Exxon Mobil Corp.
2.46%
AMZN
Amazon.com Inc.
2.40%
UNH
Unitedhealth Group Inc
2.36%
V
Visa Inc - Ordinary Shares - Class A
2.31%
NVDA
NVIDIA Corp
2.10%
Invest with FMIL

What is FMIL?

The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Identifying early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies.

ETFs related toFMIL

ETFs correlated to FMIL include GAUG, AUGW, LGRO

FMIL
Fidelity Covington Trust - Fidelity New Millennium ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap 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 toFMIL

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FMIL using Composer

FAQ

FMIL is a US Equities ETF. The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Identifying early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies.

Yes, FMIL 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, FMIL 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 FMIL is -0.0095%. This is the percent change in the value of FMIL over the most recent 1-month period. The 3-month return on FMIL is 0.0052%. This is the percent change in the value of FMIL over the most recent 3-month period.

The standard deviation of FMIL for the past year is 0.1687%. 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 FMIL include SPHQ, DSI, and QUAL.

ETFs correlated to FMIL include GAUG, AUGW, and LGRO.

ETFs that are inversely correlated to FMIL include SH, SDS, and SPXS.

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.