Summary
Fidelity Covington Trust - Fidelity Fundamental Global ex-U.S. ETF is an ETF - a fund traded on an exchange like a stock - run by Fidelity. Positions inside: 197. The ten largest make up 24% of the fund.
- Yearly costs
- 0.55%
- Fund size
- $54.3M
- Positions
- 197
- Dividend yield
- 0.30%
- Running since
- 2024
What speaks for it
- Widely spread: the ten largest positions make up only 24% of the fund.
What to watch
- Costs of 0.55% 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 $54.3M under management; small funds get closed more often.
- It trades little: only about $411.1K 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
- -4.2%
- 3 months
- -1.7%
- This year
- +7.2%
- 1 year
- +8.7%
- Avg. market cap
- $453.3B
- P/E
- 17.1x
- Forward P/E
- 15.5x
- P/S
- 3.1x
- P/B
- 3.0x
- P/FCF
- 16.7x
- EV/EBITDA
- 13.1x
- Dividend yield
- 1.72%
- ROIC
- 17.9%
- ROE
- 27.3%
- Gross margin
- 48.3%
- Operating margin
- 33.1%
- Net margin
- 28.2%
- Payout ratio
- 29.4%
- Net debt/EBITDA
- 0.3x
- Beta
- 0.77
Weighted average of the 50 largest companies, which make up 59% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 23Taiwan Semiconductor Manufacturing Company Limited 2330.TW 7.7%
- 2 ASASML ASML 2.8%
- 3 00Samsung Electronics Co., Ltd. 005930.KS 2.7%
- 4 07Tencent Holdings Limited 0700.HK 1.8%
- 5 00SK hynix Inc. 000660.KS 1.7%
- 6 FNFranco-Nevada Corporation FNV.TO 1.7%
- 7 SABanco Santander, S.A. SAN.MC 1.7%
- 8 ROLLS-ROYCE HOLDINGS PLC 1.6%
- 9 SUSchneider Electric S.E. SU.PA 1.5%
- 10 CACaixaBank, S.A. CABK.MC 1.4%
Positions in the fund: 197. The ten largest make up 24% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Technology 25%
- Financials 25%
- Industrials 19%
- Basic materials 7.0%
- Consumer cyclical 5.7%
- Other 18%
By country
- Japan 13%
- United Kingdom 12%
- Taiwan 12%
- China 6.8%
- Other countries 56%
By company size
- Mega cap 28%
- Large cap 67%
- Mid cap 4.5%
- Small cap 0.06%
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 84% of the fund.
Largest sector: Technology (25%). Largest country: Japan (13%). Largest size group: Large cap (67%).
What does it cost me?
Expensive- A year from $10,000
- $55.00
- Over 20 years
- $2,646
From every $10,000 invested the fund takes $55.00 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 $2,646.
How has it done?
Growing over the long run- Over the last year
- +8.7%
- Deepest drop
- -15%
- Yearly volatility
- 21%
Growth over the last year: 8.7%. Deepest drop in these years: 15% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.30%
- Last payment
- $0.10
Over the last 12 months it paid $0.10 per share, which is 0.30% of today's price. The last payment was $0.10 on Sep 18, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $411.1K
- Shares a day
- 13K
On an average day about $411.1K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 17.1
- Average Bulios Score
- 72 out of 100
Weight by Bulios Fair Price
- Undervalued 28%
- Fairly valued 4.6%
- Overvalued 67%
On average the companies inside trade for 17.1 times their yearly profit. By Fair Price, 67% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 59% 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 | ||
|---|---|---|---|---|---|---|
FF FFDI Fidelity Covington Trust - Fidelity Fundamental Developed International ETF | United States | 0.55% | $19.0M | +4.0% | Pays out | 56% |
FA FADCX Fidelity Advisor Diversified Intl C· mutual fund | - | - | $1.82B | -1.8% | Pays out | 50% |
FD FDVAX Fidelity Advisor Diversified Intl A· mutual fund | United States | - | $1.82B | -0.9% | Pays out | 50% |
FZ FZABX Fidelity Advisor Diversified Intl Z· mutual fund | - | - | $1.82B | -0.6% | Pays out | 50% |
FD FDVIX Fidelity Advisor Diversified International Fund· mutual fund | - | - | $1.82B | -0.5% | Pays out | 50% |
FD FDIVX Fidelity Diversified International Fund· mutual fund | - | - | $15.0B | +2.5% | Pays out | 50% |