FLRG
Fidelity U.S. Multifactor ETF
FLRG tracks an index large-cap US stocks selected by four factors - value, quality, low volatility, and momentum.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 267.1 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Sep 15, 2020 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 7.1 % |
| APPLE INC | 6.4 % |
| MICROSOFT CORP | 5.6 % |
| ALPHABET INC. CLASS A | 5.2 % |
| BROADCOM INC. | 2.7 % |
| META PLATFORMS INC | 2.3 % |
| JOHNSON & JOHNSON | 1.7 % |
| NEWMONT MINING CORP | 1.7 % |
| VISA INC. CLASS A | 1.7 % |
| ABBVIE INC | 1.5 % |
Constituent Breakdown
| Number of holdings | 107 |
| Herfindahl-Hirschman Index | 222 |
| Wgt avg mkt cap (mns) | $1,146,679 |
| Large cap (>$10bn) | 83.8% |
| Mid cap ($2-10bn) | 11.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 95.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.3 % |
 |
BERMUDA | 1.8 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.1% | 10.9% | 9.8% | 14.2% | 10.1% | -- | -- | 11.8% |
| Dividend Yield | 0.0% | 1.2% | 1.5% | 1.5% | 1.6% | -- | -- | 1.9% |
| Total Returns | -3.1% | 12.2% | 11.2% | 15.7% | 11.7% | -- | -- | 13.7% | Ann. Volatility | 12.3% | 15.7% | 14.7% | 13.5% | 15.2% | -- | -- | 15.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 93% |
| MSCI EAFE | 0.73 | 67% |
| MSCI Emg Mkts | 0.57 | 54% |
Liquidity Measures
| Avg. volume (000) | 21 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $37.46 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.01/-0.20 |
| Bollinger Bands (Upper/Lower) | $38.28/$35.94 |
| Short interest (% of AUM) | 0.2% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLRG |
Expenses vs. FLRG |
ALTAR Score™ vs. FLRG |
|---|---|---|---|---|
| FCPI | Fidelity Stocks for Inflation ETF | 55.9% | 0 bp | -0.1% |
| FQAL | Fidelity Quality Factor ETF | 50.2% | 0 bp | -1.2% |
| VSLU | Applied Finance Valuation Large Cap ETF | 47.5% | +34 bp | -1.0% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 46.1% | 0 bp | -1.6% |
| QLC | FlexShares US Quality Large Cap Index Fund | 44.4% | +10 bp | -1.5% |
| FVAL | Fidelity Value Factor ETF | 44.1% | 0 bp | 0.0% |
| HDUS | Hartford Disciplined US Equity ETF | 44.1% | +4 bp | -1.3% |
| OEI | Optimized Equity Income ETF | 43.8% | +60 bp | -2.9% |
| GSPY | Gotham Enhanced 500 ETF | 43.1% | +35 bp | -1.7% |
| IWL | iShares Russell Top 200 ETF | 42.9% | 0 bp | -2.3% |
Risk and Returns: FLRG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/13/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.1%
ALTAR SCORE™
76th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,201 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.1%. FLRG's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places FLRG in the 76th percentile
among funds in the category.
Sell-Side Consensus
$46.98
PRICE TARGET
+23.4%
UPSIDE