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Fidelity High Yield Factor ETF (FDHY)

47.93 +0.07 (+0.15%)
At close: June 17 at 3:59 PM EDT

ETF Summary

The fund normally invests at least 80% of its assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds). The advisor uses the ICE® BofA® BB-B US High Yield Constrained Index as a guide in structuring the fund and selecting its investments as it relates to credit quality distribution and risk characteristics. The fund normally invests primarily in securities rated BB or B by S&P, Ba or B by Moody's, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality.

Risk Overview

Performance & Risk

YTD Return 2.82%
5y Average Return 4.49%
Rank in Category (ytd) --
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.90
Morningstar Risk Rating --

Risk Statistics

3 Years5 Years10 Years
FDHYCategory AverageFDHYCategory AverageFDHYCategory Average
Alpha 3.8 3.44 4.9 3.62 0 2.3
BETA 0.9 0.76 0.93 0.77 0 0.66
Mean Annual Return 0.13 0.17 0.42 0.35 0 0.31
R-squared 58.63 54.28 40.52 29.42 0 20.58
Standard Deviation 8.7 7.69 9.07 8.96 0 7.29
Sharpe Ratio -0.2 -0.15 0.31 0.22 0 0.32
Treynor Ratio -2.32 -1.78 2.71 2.3 0 3.31

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