FLRG
Fidelity U.S. Multifactor ETF
FLRG tracks an index large-cap US stocks selected by four factors - value, quality, low volatility, and momentum.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
185.6 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
Fund sponsor | Fidelity |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Sep 15, 2020 |
Assets (mns) | $186 |
Expense ratio | 15 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
APPLE INC | 6.4 % |
MICROSOFT CORP | 6.4 % |
NVIDIA CORP | 5.8 % |
ALPHABET INC. CLASS A | 3.8 % |
META PLATFORMS INC | 2.3 % |
ELI LILLY & CO | 2.0 % |
VISTRA ENERGY CORP. | 1.6 % |
BROADCOM INC. | 1.6 % |
VISA INC. CLASS A | 1.5 % |
PROCTER & GAMBLE CO/THE | 1.4 % |
Constituent Breakdown
Number of holdings | 105 |
Herfindahl-Hirschman Index | 207 |
Wgt avg mkt cap (mns) | $706,403 |
Large cap (>$10bn) | 90.3% |
Mid cap ($2-10bn) | 9.7% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.1 % | |
BERMUDA | 2.6 % | |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 29.1% | 34.4% | 21.0% | 13.2% | -- | -- | 17.1% | Volatility | 12.0% | 11.7% | 12.5% | 15.8% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.85 | 93% |
MSCI EAFE | 0.75 | 71% |
MSCI Emg Mkts | 0.50 | 31% |
Liquidity Measures
Avg. volume (000) | 34 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.11% |
ADV of underlying (mns) | $93,246 |
Technical Indicators
Recent close | $34.06 |
30d moving avg. | $35.24 |
Annualized volatility | 15.6% |
Relative strength (RSI) | 53 |
Short interest (ETF) | 1.4% |
Short interest (underlying) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. FLRG |
Expenses vs. FLRG |
ALTAR Score™ vs. FLRG |
---|---|---|---|---|
FQAL | Fidelity Quality Factor ETF | 57.9% | 0 bp | -1.6% |
FCPI | Fidelity Stocks for Inflation ETF | 57.6% | 0 bp | +0.9% |
QLC | FlexShares US Quality Large Cap Index Fund | 45.9% | +10 bp | -2.2% |
VSLU | Applied Finance Valuation Large Cap ETF | 45.8% | +34 bp | -2.1% |
JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 44.7% | 0 bp | -2.9% |
FLQL | Franklin LibertyQ U.S. Equity ETF | 44.6% | 0 bp | -1.7% |
GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 44.2% | -6 bp | -2.2% |
QDEF | FlexShares Quality Dividend Defensive Index Fund | 43.9% | +22 bp | -3.7% |
USNZ | Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 43.7% | -5 bp | -2.3% |
HDUS | Hartford Disciplined US Equity ETF | 42.6% | +4 bp | -1.6% |
Risk and Returns: FLRG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FLRG
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FLRG
7.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. FLRG's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places FLRG in the 79th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLRGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
FLRG (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
FLRG | 15.0 | 11.2 | 26.2 |
Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .