Key stats
About FIDELITY U.S. LOW VOLATILITY CURRENCY NEUTRAL ETF
Expense ratio
0.42%
Home page
Inception date
Jan 18, 2019
The fund is passively managed to build a low volatility portfolio of large- and mid-cap US stocks. Taken from a universe of the largest 1,000 US stocks, 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.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Consumer Non-Durables
Stock breakdown by region