FCPI vs. FFLC ETF Comparison

Comparison of Fidelity Stocks for Inflation ETF (FCPI) to Fidelity Fundamental Large Cap Core ETF (FFLC)

FCPI

Fidelity Stocks for Inflation ETF

FCPI Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Grade (RS Rating)

Last Trade

$46.12

Average Daily Volume

22,278

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

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCPI	FFLC
30 Days	5.93%	2.14%
60 Days	6.96%	3.92%
90 Days	8.65%	6.30%
12 Months	39.44%	37.29%

22 Overlapping Holdings

Symbol	Grade	Weight in FCPI	Weight in FFLC	Overlap
AAPL	C	4.98%	4.26%	4.26%
ABBV	D	1.47%	0.61%	0.61%
ABNB	C	0.32%	0.33%	0.32%
AMZN	C	2.0%	2.89%	2.0%
APH	A	0.35%	0.85%	0.35%
AVGO	D	1.37%	1.98%	1.37%
CI	F	1.23%	1.23%	1.23%
CMCSA	B	0.16%	1.69%	0.16%
ELV	F	0.97%	0.63%	0.63%
GEN	B	0.26%	0.37%	0.26%
GOOGL	C	1.49%	3.2%	1.49%
HRB	D	0.29%	0.64%	0.29%
LLY	F	2.18%	1.85%	1.85%
META	D	0.99%	4.7%	0.99%
MSFT	F	4.85%	6.98%	4.85%
NVDA	C	5.66%	5.71%	5.66%
REGN	F	0.93%	0.75%	0.75%
RPRX	D	0.96%	0.76%	0.76%
SPG	B	1.98%	0.18%	0.18%
TMUS	B	0.13%	0.2%	0.13%
V	A	1.14%	1.31%	1.14%
WSM	B	0.25%	0.4%	0.25%

FCPI Overweight 79 Positions Relative to FFLC

Symbol	Grade	Weight
VST	B	3.66%
TPL	A	3.3%
STLD	B	2.59%
CF	B	2.51%
NRG	B	2.45%
NUE	C	2.27%
AM	A	2.1%
PG	A	2.1%
BRBR	A	1.99%
MPC	D	1.8%
HST	C	1.76%
VLO	C	1.74%
MO	A	1.7%
VICI	C	1.67%
KMB	D	1.42%
CL	D	1.41%
COKE	C	1.41%
UTHR	C	1.3%
THC	D	1.18%
MCK	B	1.16%
HCA	F	1.12%
UHS	D	1.01%
MEDP	D	0.98%
APP	B	0.82%
PGR	A	0.79%
COF	B	0.74%
AMP	A	0.74%
SYF	B	0.71%
DFS	B	0.71%
C	A	0.7%
JXN	C	0.66%
CAT	B	0.65%
LDOS	C	0.59%
RNR	C	0.59%
FIX	A	0.59%
EME	C	0.59%
HIG	B	0.58%
MLI	C	0.57%
CRBG	B	0.57%
RGA	A	0.54%
BKNG	A	0.52%
MTG	C	0.52%
IBM	C	0.5%
CSL	C	0.48%
QCOM	F	0.46%
BCC	B	0.44%
OC	A	0.44%
PANW	C	0.43%
CRWD	B	0.41%
AMAT	F	0.41%
MU	D	0.37%
FICO	B	0.37%
ANET	C	0.37%
DOCU	A	0.32%
EBAY	D	0.32%
LRCX	F	0.32%
TOL	B	0.31%
ZM	B	0.31%
DELL	C	0.3%
NFLX	A	0.3%
KLAC	D	0.3%
ATKR	C	0.3%
PHM	D	0.29%
GDDY	A	0.29%
ANF	C	0.27%
GAP	C	0.26%
NXPI	D	0.26%
ACIW	B	0.25%
DBX	B	0.24%
NTAP	C	0.23%
CVLT	B	0.23%
QLYS	C	0.22%
ONTO	D	0.21%
SWKS	F	0.18%
DIS	B	0.17%
CRUS	D	0.17%
VZ	C	0.16%
T	A	0.15%
PINS	D	0.04%

FCPI Underweight 65 Positions Relative to FFLC

Symbol	Grade	Weight
XOM	B	-2.88%
BAC	A	-2.18%
WFC	A	-1.82%
SO	D	-1.72%
UNH	C	-1.72%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
EIX	B	-1.31%
TMO	F	-1.18%
SAP	B	-1.15%
CSCO	B	-1.1%
LOW	D	-1.06%
CEG	D	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	D	-1.0%
INTU	C	-1.0%
ORCL	B	-0.97%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
URI	B	-0.92%
BMY	B	-0.92%
GEV	B	-0.87%
TRV	B	-0.87%
MA	C	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
CB	C	-0.73%
BA	F	-0.72%
VRT	B	-0.66%
COST	B	-0.63%
UBER	D	-0.61%
CCI	D	-0.61%
APO	B	-0.61%
KNX	B	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	D	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
AMT	D	-0.43%
DEO	F	-0.43%
MAR	B	-0.42%
AJG	B	-0.41%
GD	F	-0.38%
COR	B	-0.37%
LEN	D	-0.36%
GSK	F	-0.3%
HII	D	-0.29%
GILD	C	-0.27%
NOC	D	-0.25%
LIN	D	-0.2%
MELI	D	-0.2%
DKS	C	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
IP	B	-0.18%
KBR	F	-0.17%
LNG	B	-0.03%
MRVL	B	-0.02%