Fidelity Quality Factor ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$57.15
- Net Assets:$0 Million
- NAV:$57.69
- Premium-0.94%
- Peer Rank:178 of 559
- Investment Rating:B
- Performance:B+
- RiskC+
We rate Fidelity Quality Factor at B. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a Growth - Domestic strategy.
Total return ranks very high in comparison with peers over the last three years. The Fidelity Quality Factor has returned an annual rate of 13.34% since inception. More recently, the fund has generated a total return of 13.57% in the last five years, 11.20% in the last three years, and 24.31% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 89% of them. It has also outpaced 88% of its competitors on a three year basis and 85% of them over the last year for the period ending 2/29/2024. On a year to date basis, FQAL has returned 6.16%.
Downside risk has been below average. FQAL has a draw down risk of -25.98%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 17.7%. This fund has had moderate volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As FQAL is an exchange traded fund, it has no front end or back end load.
The Fidelity Quality Factor is managed by Louis Bottari at Fidelity Management & Research Co. This fund is one of 44 Fidelity Management & Research Co exchange-traded funds launched since 9/25/2003 that we track.