Summary
Fidelity Covington Trust - Fidelity Fundamental Emerging Markets ETF is an ETF - a fund traded on an exchange like a stock - run by Fidelity. Positions inside: 129. The ten largest make up 48% of the fund.
- Yearly costs
- 0.60%
- Fund size
- $67.1M
- Positions
- 129
- Dividend yield
- 0.50%
- Running since
- 2024
What speaks for it
Nothing stands out in its favour.
What to watch
- 44% of the fund is in one sector (Technology).
- Costs of 0.60% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2024.
- A small fund with $67.1M under management; small funds get closed more often.
- It trades little: only about $583.6K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -7.4%
- 3 months
- -3.1%
- This year
- +17%
- 1 year
- +20%
- Avg. market cap
- $671.0B
- P/E
- 13.1x
- Forward P/E
- 11.7x
- P/S
- 3.2x
- P/B
- 2.9x
- P/FCF
- 13.8x
- EV/EBITDA
- 10.0x
- Dividend yield
- 0.89%
- ROIC
- 19.1%
- ROE
- 31.5%
- Gross margin
- 53.9%
- Operating margin
- 38.0%
- Net margin
- 19.8%
- Payout ratio
- 11.6%
- Net debt/EBITDA
- 0.1x
- Beta
- 1.02
Weighted average of the 50 largest companies, which make up 80% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 23Taiwan Semiconductor Manufacturing Company Limited 2330.TW 18%
- 2 00Samsung Electronics Co., Ltd. 005930.KS 7.3%
- 3 00SK hynix Inc. 000660.KS 5.3%
- 4 07Tencent Holdings Limited 0700.HK 4.6%
- 5 24MediaTek Inc. 2454.TW 3.0%
- 6 SECURITIES LENDING CF 2.4%
- 7 99Alibaba Group Holding Limited 9988.HK 2.0%
- 8 09China Construction Bank Corporation 0939.HK 1.9%
- 9 HDHDFC Bank Limited HDB 1.8%
- 10 CREDICORP LTD (USA) 1.6%
Positions in the fund: 129. The ten largest make up 48% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 44%
- Financials 19%
- Consumer cyclical 7.7%
- Communication services 7.4%
- Industrials 7.2%
- Other 14%
By country
- Taiwan 28%
- China 21%
- South Korea 16%
- India 9.0%
- Other countries 28%
By company size
- Mega cap 47%
- Large cap 46%
- Mid cap 6.8%
- Small cap 0.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 92% of the fund.
Largest sector: Technology (44%). Largest country: Taiwan (28%). Largest size group: Mega cap (47%).
What does it cost me?
Expensive- A year from $10,000
- $60.00
- Over 20 years
- $2,873
From every $10,000 invested the fund takes $60.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,873.
How has it done?
Growing over the long run- Over the last year
- +20%
- Deepest drop
- -17%
- Yearly volatility
- 27%
Growth over the last year: 20%. Deepest drop in these years: 17% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.50%
- Last payment
- $0.19
Over the last 12 months it paid $0.19 per share, which is 0.50% of today's price. The last payment was $0.19 on Sep 18, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $583.6K
- Shares a day
- 15K
On an average day about $583.6K of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 13.1
- Average Bulios Score
- 76 out of 100
Weight by Bulios Fair Price
- Undervalued 25%
- Fairly valued 7.0%
- Overvalued 68%
On average the companies inside trade for 13.1 times their yearly profit. By Fair Price, 68% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 80% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FS FSYJX Fidelity Sustainable Emerging Markets Eq· mutual fund | - | - | $12.9M | +17% | Pays out | 61% |
FE FEMKX Fidelity Emerging Markets Fund· mutual fund | - | - | $11.0B | +13% | Pays out | 57% |
SY SYGEMF.JO Sygnia Itrix MSCI Emerging Markets 50 ETF Units ZAR | South Africa | 0.48% | - | +21% | Reinvests | 54% |
EM EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF | United States | 0.15% | $1.04B | +24% | Pays out | 51% |
FI FIMKX Fidelity Advisor Focused Emerging Markets Fund· mutual fund | - | - | $13.5B | +18% | Pays out | 50% |
FM FMCKX Fidelity Advisor Focused Emerging Markets Fund· mutual fund | - | - | $13.3B | +18% | Pays out | 50% |