NVIDIA

Microsoft

Alphabet

Vistra Energy

Visa

Broadcom

Mastercard

Eli Lilly

Home Depot

Fidelity U.S. Multifactor ETF

FLRG tracks an index large-cap US stocks selected by four factors - value, quality, low volatility, and momentum.

FLRG offers a balanced multifactor strategy with solid returns, moderate volatility, and reasonable valuations, making it a strong long-term portfolio option. The fund focuses on large and mid-cap U.S. companies, emphasizing valuation, quality, momentum, and low volatility across 101 holdings. FLRG trades at a discount to peers, with a P/E ratio of 16.7x and higher profitability, despite a higher debt/equity ratio.

FLRG: A Low Volatility Fund Delivering Strong Returns

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Market volatility remains a fairly persistent aspect for investors to contend with in the back half of the year. With elevated short-term volatility risks in the fourth quarter, Fidelity offers five ETFs worth consideration, including a screen for lower volatility stocks.

5 ETFs For When Market Volatility Spikes

Several potential risks loom over markets in the second half, particularly within the U.S. For investors looking to dampen volatility, invest in quality, or seek returns through value or momentum strategies, the Fidelity Multifactor ETF suite may be worth consideration. Recession concerns rose once again in August and signs of economic slowing in the U.S.

Considering Multifactor Strategies When Investing in U.S. Equities

FLRG has an index-based strategy centered on the value, quality, low volatility, and momentum factors. It has outperformed IVV as well as most of its peers over the October 2020-August 2024 period. The current version of its portfolio has stronger quality and value characteristics than that of IVV.

FLRG: Impressive Risk-Adjusted Returns, Solid Factor Mix, Yet One Issue Not To Ignore

Factor investing allows for targeted equity exposure for those seeking specific investment outcomes. For example, factors may be used to enhance a portfolio's risk and return profile or help generate income.

An Advisor's Guide to Fidelity's Multifactor ETF Suite

Fidelity U.S. Multifactor ETF (FLRG) is seen by the author as a possible alpha-generating fund to possibly complement a core ETF like SPY. Not so far though. FLRG uses four factors: attractive valuations, high quality profiles, lower volatility than the broader market, and positive momentum signals. While FLRG has composition differences compared to SPY, it currently only receives a hold rating as a SPY substitute or an alpha-generating ETF.

News for Fidelity U.S. Multifactor ETF ETF (FLRG)