Fidelity U.S. Multifactor ETF (FLRG) is a multi-factor ETF. As of October 9, 2026, ETF Copilot scores FLRG 6.8 out of 10 — highest on Quality (9.4), lowest on Growth (5.5). It trades at 17.6 times earnings, against its own median of 19.1. Its ten largest holdings are 38% of the fund.
What stands out in FLRG's data
Tracks U.S. multifactor stocks with a focus on profitability and capital efficiency.
Earns more on its capital than most peers — a sign of real business strength beneath the returns.
Return on invested capital of 29.6% tops the category median of 19.4% and its own 28.2% historical median, with analysts forecasting 17.6% earnings growth ahead.
A high-capital-efficiency tilt within a broader U.S. equity allocation, focused on underlying business strength.
Why did FLRG move this week? It rose 0.9% in the week to October 9, 2026 — Microsoft and Alphabet drove it
FLRG rose 0.9% in the week to October 9, 2026. The holdings that moved it most were Microsoft (+3.4%), Alphabet (+2.4%) and Visa (+6.9%); Nvidia (−2.0%) pushed the other way.
How is FLRG rated? ETF Copilot scores Fidelity U.S. Multifactor ETF (FLRG) 6.8 out of 10
As of October 9, 2026, ETF Copilot scores Fidelity U.S. Multifactor ETF (FLRG) 6.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.8 / 10
- Growth: 5.5 / 10
- Value: 5.7 / 10
- Risk: 8.5 / 10
- Quality: 9.4 / 10
- Return: 5.9 / 10
Is FLRG expensive right now? It trades at 17.6 times earnings, against its own median of 19.1
As of October 9, 2026, FLRG is cheaper than 55% of its own 67 monthly readings since 2021 — 30 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FLRG? 42% Tech
What's inside FLRG: Size (Large 75%, Mid 24%, Small 1%); Geography (International 4%, US 96%); Tech 42.0%; Magnificent 7 24.7%; AI 16.8%; Semiconductors 16.4%; Memory 14.1%.
What are FLRG's top holdings? The ten largest are 38% of the fund
Nvidia, Apple, Microsoft, Alphabet, Broadcom, Micron Technology, Visa, Exxonmobil, Johnson & Johnson and Abbvie are FLRG's largest holdings, in that order.
More concentrated than 84% of Multi-factor ETFs.
Half of FLRG's weight sits in its 21 largest positions, and once those weights are taken into account it behaves like 41 equally weighted holdings.
What is FLRG's expense ratio? 0.15% a year
As of October 9, 2026, FLRG charges 0.15% a year, yields 1.43% and holds $294M in assets across 104 positions.
| Measure | FLRG |
|---|---|
| Expense ratio | 0.15% |
| Dividend yield | 1.43% |
| Assets under management | $294M |
| Holdings | 104 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Fidelity U.S. Multifactor ETF (FLRG) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/flrg
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