FMDE
+1.60 · +4.49%
$37.13 · NYSE ARCA

Fidelity Covington Trust (FMDE) ETF Analysis | Mid-Cap Blend

Fidelity Investments · USA
AUM:$5.3B
#– of – in Mid-Cap Blend ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 12.9% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.23% — competitive for the exposure provided.

What is FMDE?

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U. The adviser will generally utilizing a research-driven approach identifying long-term drivers of stock returns that may include,but are not limited to, valuation, growth, quality, and other factors.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Positive 1-Year Return
FMDE returned 12.9% over the past year. Historical returns only — past performance is not indicative of future results.
Competitive Expense Ratio
Expense ratio of 0.23% — reasonable for the index exposure provided.
Broadly Diversified
Top 10 holdings represent just 10.5% of the ETF — exposure spread across many positions.
ETF Information
AUM$5.3B
Expense Ratio0.23%
Dividend Yield1.21%
Holdings48
Inception DateDec 2007
Domicile–
Distribution–
Index–
ProviderFidelity Investments
Beta1.13
CategoryMid-Cap Blend
CurrencyUSD
Portfolio Impact

How would FMDE affect your portfolio?

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Example preview
6168
+7 points · better diversified

Chart Tools

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+11.0%
1Y
+17.9%
3Y
+72.8%
5Y
+72.8%
OpenBook InsightIf you had invested £10,000 in FMDE 5 years ago, it would have grown to £17,277 — a gain of £7,277.

Annual Returns

Calendar year performance

FMDE delivered positive returns in 4 of the last 4 calendar years.
YearFMDE
2026 YTD+15.3%
2025+12.3%
2024+22.3%
2023+8.9%
CAGR 3yr+14.4%
4/4 positive yearsAvg return: +14.7%Worst year: +8.9% (2023)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
67%
Positive
Volatility
10.3%
Low
Momentum
+4.6%
30-day change
Support Level
41.52
Key floor
Key Insights
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.