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
$ 282.8 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 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.9% | 20.8% | 17.0% | 16.4% | 10.7% | -- | -- | 13.2% |
| Dividend Yield | 0.0% | 1.3% | 1.5% | 1.6% | 1.6% | -- | -- | 1.8% |
| Total Returns | 4.9% | 22.2% | 18.6% | 17.9% | 12.4% | -- | -- | 15.1% | Ann. Volatility | 12.1% | 10.8% | 14.7% | 13.5% | 15.2% | -- | -- | 15.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 88% |
| MSCI EAFE | 0.54 | 53% |
| MSCI Emg Mkts | 0.40 | 46% |
Liquidity Measures
| Avg. volume (000) | 18 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $38.72 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.56/0.51 |
| Bollinger Bands (Upper/Lower) | $40.53/$37.39 |
| 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 | +0.0% |
| FQAL | Fidelity Quality Factor ETF | 50.2% | 0 bp | -1.1% |
| VSLU | Applied Finance Valuation Large Cap ETF | 47.5% | +34 bp | -0.9% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 46.1% | 0 bp | -1.5% |
| OEI | Optimized Equity Income ETF | 44.5% | +60 bp | -2.7% |
| QLC | FlexShares US Quality Large Cap Index Fund | 44.4% | +10 bp | -1.5% |
| FVAL | Fidelity Value Factor ETF | 44.1% | 0 bp | -0.1% |
| HDUS | Hartford Disciplined US Equity ETF | 44.1% | +4 bp | -1.3% |
| GSPY | Gotham Enhanced 500 ETF | 43.8% | +35 bp | -1.7% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 42.5% | -6 bp | -1.7% |
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 5/4/2026
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
6.8%
ALTAR SCORE™
75th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,169 funds in the US Equity category with an average
ALTAR Score™ of 5.4% 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 75th percentile
among funds in the category.
Sell-Side Consensus
$47.56
PRICE TARGET
+19.4%
UPSIDE