EQWL vs. FFLC ETF Comparison

Comparison of PowerShares Russell Top 200 Equal Weight Portfolio (EQWL) to Fidelity Fundamental Large Cap Core ETF (FFLC)

EQWL

PowerShares Russell Top 200 Equal Weight Portfolio

EQWL Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell Top 200 Equal Weight Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the component securities that comprise the underlying index. The underlying index is designed to provide equal-weighted exposure to the securities of the largest 200 companies in the U.S. equity market.

Grade (RS Rating)

Last Trade

$102.25

Average Daily Volume

45,684

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.70

Average Daily Volume

97,360

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	EQWL	FFLC
30 Days	3.08%	5.05%
60 Days	10.39%	12.18%
90 Days	8.09%	3.63%
12 Months	35.31%	43.15%

38 Overlapping Holdings

Symbol	Grade	Weight in EQWL	Weight in FFLC	Overlap
AAPL	C	1.0%	4.51%	1.0%
ADBE	F	0.94%	1.41%	0.94%
AMD	C	1.07%	1.27%	1.07%
AMZN	C	1.0%	3.26%	1.0%
BA	F	0.96%	1.31%	0.96%
BAC	B	1.0%	0.9%	0.9%
BKNG	B	1.06%	0.61%	0.61%
CAT	A	1.11%	0.75%	0.75%
CMCSA	B	1.01%	1.16%	1.01%
CRM	B	1.06%	0.98%	0.98%
CSCO	A	1.04%	0.44%	0.44%
DHR	D	0.99%	0.82%	0.82%
DIS	D	1.03%	0.57%	0.57%
GE	B	1.01%	0.9%	0.9%
GILD	A	0.98%	0.29%	0.29%
GOOGL	B	0.55%	2.4%	0.55%
GS	B	1.01%	0.33%	0.33%
INTU	F	0.95%	0.92%	0.92%
JPM	C	1.0%	0.98%	0.98%
KO	C	0.98%	0.73%	0.73%
LIN	C	1.0%	0.81%	0.81%
LLY	D	0.96%	1.93%	0.96%
LMT	A	0.99%	0.68%	0.68%
META	A	1.06%	2.57%	1.06%
MRK	F	0.95%	0.26%	0.26%
MS	A	1.04%	0.6%	0.6%
MSFT	D	0.98%	7.7%	0.98%
NFLX	A	1.0%	1.06%	1.0%
NKE	D	1.1%	0.92%	0.92%
NVDA	B	1.02%	3.39%	1.02%
ORCL	A	1.01%	0.79%	0.79%
SO	A	0.97%	0.82%	0.82%
TMO	D	0.99%	1.03%	0.99%
UNH	B	0.94%	1.72%	0.94%
V	B	0.92%	1.63%	0.92%
WFC	B	1.04%	1.08%	1.04%
WMT	A	0.97%	0.49%	0.49%
XOM	A	0.99%	1.49%	0.99%

EQWL Overweight 63 Positions Relative to FFLC

Symbol	Grade	Weight
INTC	D	1.19%
PYPL	A	1.12%
TSLA	C	1.08%
DOW	B	1.07%
AVGO	B	1.04%
COF	A	1.04%
BLK	A	1.04%
EMR	B	1.04%
C	B	1.04%
MET	A	1.04%
LOW	C	1.02%
IBM	A	1.02%
BK	A	1.02%
DE	C	1.02%
HD	A	1.02%
TXN	C	1.02%
MMM	C	1.02%
UPS	D	1.02%
TGT	C	1.01%
AXP	A	1.01%
BMY	A	1.0%
MCD	A	1.0%
SCHW	D	1.0%
QCOM	D	1.0%
CVX	B	0.99%
RTX	A	0.99%
HON	C	0.99%
BRK.A	B	0.99%
SPG	A	0.99%
USB	C	0.99%
CVS	D	0.99%
ACN	B	0.99%
F	D	0.98%
AIG	C	0.98%
T	B	0.98%
TMUS	A	0.98%
VZ	C	0.98%
COP	D	0.97%
SBUX	B	0.97%
GM	D	0.97%
PFE	D	0.97%
MDT	C	0.97%
PG	D	0.97%
MA	A	0.97%
DUK	C	0.96%
COST	C	0.96%
NEE	C	0.96%
GD	C	0.96%
MDLZ	D	0.96%
ABBV	C	0.96%
ABT	C	0.95%
AMT	D	0.95%
CL	D	0.95%
JNJ	D	0.95%
UNP	F	0.95%
KHC	F	0.95%
AMGN	D	0.94%
PM	D	0.94%
MO	D	0.94%
PEP	F	0.93%
FDX	F	0.91%
CHTR	D	0.91%
GOOG	B	0.46%

EQWL Underweight 95 Positions Relative to FFLC

Symbol	Grade	Weight
BSX	A	-1.23%
TJX	D	-1.2%
ETN	B	-1.05%
UBER	C	-1.04%
PH	A	-1.02%
CB	A	-0.97%
PWR	A	-0.92%
KVUE	C	-0.88%
REGN	D	-0.76%
FCX	B	-0.75%
IR	A	-0.73%
APTV	D	-0.71%
BKR	B	-0.7%
SHOP	B	-0.69%
ON	F	-0.69%
NXPI	F	-0.68%
SYK	C	-0.67%
HWM	A	-0.67%
JBL	C	-0.67%
GNRC	B	-0.66%
CEG	A	-0.66%
VST	A	-0.65%
KDP	C	-0.63%
NOC	B	-0.6%
SLB	D	-0.6%
BJ	B	-0.58%
TSM	B	-0.58%
PFGC	A	-0.57%
ADI	B	-0.55%
MMC	D	-0.53%
CI	D	-0.52%
FLEX	B	-0.52%
LNG	A	-0.51%
CNC	F	-0.51%
RL	B	-0.51%
ABNB	D	-0.5%
CE	D	-0.49%
HLT	A	-0.49%
MLM	F	-0.48%
CLX	C	-0.47%
AZN	D	-0.47%
VRT	B	-0.46%
NVR	C	-0.45%
BWXT	A	-0.45%
SNPS	F	-0.44%
WDAY	D	-0.44%
DT	B	-0.43%
KBR	A	-0.42%
ESI	C	-0.42%
CMG	C	-0.42%
ARES	A	-0.41%
FCN	C	-0.41%
SPOT	C	-0.4%
ITT	C	-0.39%
LEN	C	-0.39%
CBRE	C	-0.39%
BLDR	C	-0.39%
FOUR	A	-0.39%
AVY	D	-0.38%
EDR	A	-0.37%
URI	C	-0.37%
WSC	D	-0.32%
HLI	A	-0.32%
TRNO	D	-0.32%
HES	D	-0.32%
FTI	B	-0.29%
HOLX	D	-0.28%
EL	D	-0.27%
MDB	D	-0.27%
CHDN	C	-0.27%
SAM	D	-0.27%
GLPI	C	-0.26%
TT	A	-0.26%
ASML	F	-0.25%
NVO	F	-0.25%
FSLR	C	-0.25%
AR	C	-0.24%
ACGL	A	-0.24%
FND	C	-0.24%
TER	C	-0.22%
WST	D	-0.22%
DKS	D	-0.21%
STZ	D	-0.2%
WNS	F	-0.19%
ESS	D	-0.18%
FAF	C	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	A	-0.16%
MU	D	-0.14%
MASI	B	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	C	-0.04%