AIEQ vs. FVAL ETF Comparison

Comparison of AI Powered Equity ETF (AIEQ) to Fidelity Value Factor ETF (FVAL)

AIEQ

AI Powered Equity ETF

AIEQ Description

The investment seeks capital appreciation. The fund is actively managed and invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative model (the EquBot Model) developed by EquBot LLC (EquBot) that runs on the IBM Watson? platform. EquBot, the fund's sub-adviser, is a technology based company focused on applying artificial intelligence (AI) based solutions to investment analyses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.28

Average Daily Volume

7,436

Number of Holdings ^*

136

* may have additional holdings in another (foreign) market

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	AIEQ	FVAL
30 Days	9.30%	3.33%
60 Days	10.19%	5.59%
90 Days	11.69%	6.82%
12 Months	34.55%	28.35%

17 Overlapping Holdings

Symbol	Grade	Weight in AIEQ	Weight in FVAL	Overlap
ACI	C	0.17%	0.34%	0.17%
AMZN	C	3.74%	3.88%	3.74%
CIVI	D	0.13%	0.13%	0.13%
CVX	A	2.08%	0.67%	0.67%
DFS	B	0.71%	0.68%	0.68%
ELV	F	2.19%	0.67%	0.67%
F	C	0.92%	0.51%	0.51%
GOOGL	C	3.4%	3.72%	3.4%
HPE	B	0.76%	0.81%	0.76%
HST	C	0.98%	0.17%	0.17%
INTC	D	3.61%	0.77%	0.77%
LVS	C	0.91%	0.55%	0.55%
LYB	F	0.59%	0.15%	0.15%
MUR	D	0.15%	0.13%	0.13%
NVDA	C	4.04%	7.33%	4.04%
STLD	B	0.65%	0.18%	0.18%
UPS	C	1.27%	0.55%	0.55%

AIEQ Overweight 119 Positions Relative to FVAL

Symbol	Grade	Weight
GS	A	3.6%
AVGO	D	3.2%
CRWD	B	2.99%
DIS	B	2.75%
PLTR	B	2.74%
ISRG	A	2.62%
NKE	D	2.44%
FI	A	2.15%
APH	A	2.15%
VRTX	F	2.12%
VST	B	2.1%
APP	B	1.97%
BA	F	1.75%
EMR	A	1.37%
CHTR	C	1.36%
SNOW	C	1.33%
FANG	D	1.31%
EW	C	1.07%
LPLA	A	1.01%
ZS	C	0.98%
RCL	A	0.95%
DXCM	D	0.94%
DASH	A	0.92%
TEAM	A	0.9%
TDG	D	0.88%
WSM	B	0.88%
SQ	B	0.87%
HWM	A	0.85%
EL	F	0.72%
FSLR	F	0.72%
BIIB	F	0.67%
LNG	B	0.64%
GPC	D	0.6%
QRVO	F	0.59%
CSL	C	0.56%
GRMN	B	0.54%
MGM	D	0.54%
OKTA	C	0.52%
UHS	D	0.52%
LII	A	0.5%
XPO	B	0.5%
PSTG	D	0.5%
RHP	B	0.46%
FCNCA	A	0.44%
ETSY	D	0.43%
ENPH	F	0.43%
SFM	A	0.4%
LLY	F	0.4%
IEX	B	0.36%
GNRC	B	0.35%
AOS	F	0.34%
HRB	D	0.34%
CTLT	B	0.33%
SNX	C	0.33%
AAP	C	0.33%
ESTC	C	0.31%
BWXT	B	0.3%
RH	B	0.3%
FN	D	0.29%
GL	B	0.29%
KBR	F	0.28%
EXP	A	0.28%
HOG	D	0.27%
NVT	B	0.27%
GFS	C	0.26%
RYAN	B	0.24%
FLR	B	0.23%
APA	D	0.23%
TTC	D	0.22%
MTSI	B	0.21%
OSK	B	0.21%
HALO	F	0.21%
CNX	A	0.2%
CMC	B	0.2%
TECH	D	0.2%
BPMC	C	0.2%
HLI	B	0.19%
COOP	B	0.19%
LNC	B	0.18%
GMED	A	0.18%
BSY	D	0.18%
NBIX	C	0.17%
EEFT	B	0.17%
LNTH	D	0.17%
HAE	C	0.17%
CHRD	D	0.17%
FIVN	C	0.17%
SEE	C	0.17%
MAN	D	0.16%
TENB	C	0.16%
DINO	D	0.16%
VKTX	F	0.16%
DCI	B	0.16%
SUM	B	0.15%
RIVN	F	0.14%
TREX	C	0.14%
JAZZ	B	0.14%
OMF	A	0.14%
POWI	D	0.14%
PRGO	B	0.14%
ORA	B	0.13%
CHE	D	0.13%
ITCI	C	0.13%
HP	B	0.12%
SM	B	0.12%
TDW	F	0.12%
ST	F	0.12%
LPX	B	0.12%
TKR	D	0.11%
NOG	A	0.11%
VVV	F	0.1%
GATX	A	0.1%
AM	A	0.1%
MSA	D	0.1%
EXPO	D	0.09%
CHX	C	0.07%
WFRD	D	0.07%
CFLT	B	0.07%
RIG	D	0.05%

AIEQ Underweight 107 Positions Relative to FVAL

Symbol	Grade	Weight
AAPL	C	-6.68%
MSFT	F	-6.37%
META	D	-2.55%
BRK.A	B	-2.07%
JPM	A	-1.84%
UNH	C	-1.69%
CRM	B	-1.46%
V	A	-1.44%
JNJ	D	-1.31%
HD	A	-1.22%
ACN	C	-1.15%
XOM	B	-1.14%
BAC	A	-1.13%
ABBV	D	-1.11%
IBM	C	-1.09%
WFC	A	-1.08%
PG	A	-1.08%
WMT	A	-1.07%
MRK	F	-1.01%
QCOM	F	-1.0%
BMY	B	-0.98%
ZM	B	-0.98%
GILD	C	-0.97%
BKNG	A	-0.87%
MU	D	-0.85%
UAL	A	-0.84%
MCD	D	-0.84%
AXP	A	-0.83%
CI	F	-0.81%
CAT	B	-0.77%
CTSH	B	-0.76%
C	A	-0.74%
COF	B	-0.72%
CVS	D	-0.71%
TRV	B	-0.68%
HON	B	-0.68%
SYF	B	-0.67%
GM	B	-0.67%
EXPE	B	-0.66%
DAL	C	-0.64%
ADP	B	-0.64%
T	A	-0.62%
CMCSA	B	-0.61%
VZ	C	-0.61%
RPRX	D	-0.61%
UNP	C	-0.61%
DE	A	-0.59%
SWKS	F	-0.56%
JXN	C	-0.56%
LMT	D	-0.56%
PRU	A	-0.56%
MO	A	-0.55%
CNC	D	-0.54%
RNR	C	-0.54%
LIN	D	-0.53%
PCAR	B	-0.53%
KVUE	A	-0.52%
CMI	A	-0.52%
OZK	B	-0.51%
EBAY	D	-0.51%
EG	C	-0.5%
WYNN	D	-0.5%
MMM	D	-0.5%
G	B	-0.49%
TGT	F	-0.48%
FDX	B	-0.48%
NEE	D	-0.46%
RHI	B	-0.44%
KR	B	-0.43%
OC	A	-0.42%
KMB	D	-0.41%
COP	C	-0.4%
M	D	-0.39%
AGCO	D	-0.38%
ADM	D	-0.35%
DUK	C	-0.34%
PLD	D	-0.32%
BG	F	-0.32%
EOG	A	-0.31%
PCG	A	-0.29%
PARA	C	-0.28%
SPG	B	-0.27%
EXC	C	-0.26%
ATKR	C	-0.26%
NRG	B	-0.26%
AEP	D	-0.26%
PSA	D	-0.25%
FCX	D	-0.24%
MPC	D	-0.24%
O	D	-0.23%
CBRE	B	-0.23%
VLO	C	-0.22%
NFG	A	-0.2%
VICI	C	-0.2%
NUE	C	-0.19%
NEM	D	-0.19%
BXP	D	-0.18%
DVN	F	-0.18%
CF	B	-0.18%
UGI	A	-0.18%
JLL	D	-0.17%
WPC	D	-0.16%
ARE	D	-0.16%
GLPI	C	-0.16%
DOW	F	-0.16%
MOS	F	-0.13%
CLF	F	-0.11%