Fidelity High Yield Etf Profile
| FDHY Etf | USD 48.90 0.14 0.29% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Fidelity High is trading at 48.90 as of the 28th of November 2024; that is 0.29 percent decrease since the beginning of the trading day. The etf's open price was 49.04. Fidelity High has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Fidelity High Yield are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its assets in debt securities rated below investment grade . Fidelity High is traded on NYSEARCA Exchange in the United States. More on Fidelity High Yield
Moving together with Fidelity Etf
Fidelity Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | High Yield ETFs, Broad Debt ETFs, High Yield Bond, Fidelity Investments (View all Sectors) |
| Issuer | Fidelity |
| Inception Date | 2018-06-14 |
| Benchmark | Not Applicable |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 366.53 Million |
| Average Trading Valume | 40,372.8 |
| Asset Type | Fixed Income |
| Category | Broad Debt |
| Focus | High Yield |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | Fidelity Service Company, Inc. |
| Advisor | FMR Co., Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | Fidelity Distributors Corporation |
| Portfolio Manager | Michael Cheng, Matthew Conti, Michael Weaver |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 432 |
| Market Maker | Virtu Financial |
| Total Expense | 0.45 |
| Management Fee | 0.45 |
| Country Name | USA |
| Returns Y T D | 8.13 |
| Name | Fidelity High Yield Factor ETF |
| Currency Code | USD |
| Open Figi | BBG00L4J9DD5 |
| In Threey Volatility | 8.8 |
| 1y Volatility | 5.42 |
| 200 Day M A | 48.2976 |
| 50 Day M A | 48.9508 |
| Code | FDHY |
| Updated At | 26th of November 2024 |
| Currency Name | US Dollar |
Fidelity High Yield [FDHY] is traded in USA and was established 2018-06-12. The fund is listed under High Yield Bond category and is part of Fidelity Investments family. The entity is thematically classified as High Yield ETFs. Fidelity High Yield currently have 247.76 M in assets under management (AUM). , while the total return for the last 3 years was 2.7%.
Check Fidelity High Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity High Yield Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Fidelity High Yield Etf Constituents
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 5.25% | 1.5700001% |
| Occidental Petroleum Corporation 6.125% | 1.3200001% |
| Fidelity Revere Str Tr | 2.79% |
| Allison Transmission Inc. 3.75% | 1.47% |
| FMG Resources (August 2006) Pty Ltd. 5.875% | 1.75% |
| TransDigm, Inc. 6.25% | 2.31% |
| SBA Communications Corporation 3.88% | 1.72% |
| YUM Brands Inc 5.375% | 2.0599999% |
| New Fortress Energy Inc. 6.5% | 1.98% |
| Performance Food Group Company 4.25% | 1.77% |
Fidelity High Yield Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity High. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0422 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.52) |
Fidelity High Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity High Yield. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of Fidelity High Yield is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity High's value that differs from its market value or its book value, called intrinsic value, which is Fidelity High's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity High's market value can be influenced by many factors that don't directly affect Fidelity High's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.