Key stats
About FIDELITY CANADIAN LOW VOLATILITY ETF
Expense ratio
0.40%
Home page
Inception date
Jan 18, 2019
The fund provides exposure to a low volatility portfolio of large- and mid-cap Canadian stocks. Starting from a universe of the largest 300 Canadian stocks (according to market-cap), eligible securities are ranked within their respective sectors based on a composite low volatility score, subject to a size factor adjustment. The composite score is the weighted average of three low volatility metrics: 5-year standard deviation of price returns, 5-year beta, and 5-year standard deviation of EPS. The resulting portfolio of about 60-100 stocks is weighted to increase exposure to low-volatility sectors. The index is rebalanced on a semi-annual basis during February and August.
Classification
What's in the fund
Exposure type
Finance
Transportation
Stock breakdown by region