FCPI vs. PHEQ ETF Comparison

Comparison of Fidelity Stocks for Inflation ETF (FCPI) to Parametric Hedged Equity ETF (PHEQ)

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

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	FCPI	PHEQ
30 Days	5.93%	1.99%
60 Days	6.96%	3.02%
90 Days	8.65%	3.86%
12 Months	39.44%	16.61%

37 Overlapping Holdings

Symbol	Grade	Weight in FCPI	Weight in PHEQ	Overlap
AAPL	C	5.11%	6.85%	5.11%
ABBV	D	1.45%	0.85%	0.85%
ABNB	C	0.32%	0.15%	0.15%
AMZN	C	1.95%	4.1%	1.95%
AVGO	D	1.27%	1.71%	1.27%
BKNG	A	0.52%	0.39%	0.39%
CAT	B	0.63%	0.55%	0.55%
CRWD	B	0.42%	0.17%	0.17%
CSL	C	0.46%	0.18%	0.18%
DELL	C	0.29%	0.14%	0.14%
DIS	B	0.19%	0.57%	0.19%
GOOGL	C	1.45%	2.28%	1.45%
HIG	B	0.59%	0.33%	0.33%
IBM	C	0.51%	0.56%	0.51%
KLAC	D	0.28%	0.34%	0.28%
KMB	D	1.47%	0.33%	0.33%
LLY	F	2.02%	1.39%	1.39%
LRCX	F	0.3%	0.29%	0.29%
META	D	0.96%	2.66%	0.96%
MSFT	F	4.79%	6.55%	4.79%
MU	D	0.35%	0.31%	0.31%
NFLX	A	0.33%	0.8%	0.33%
NVDA	C	5.6%	7.12%	5.6%
PANW	C	0.43%	0.3%	0.3%
PG	A	2.18%	1.09%	1.09%
PHM	D	0.29%	0.3%	0.29%
PINS	D	0.04%	0.03%	0.03%
QCOM	F	0.44%	0.33%	0.33%
REGN	F	0.85%	0.21%	0.21%
RPRX	D	0.98%	0.04%	0.04%
STLD	B	2.59%	0.11%	0.11%
SYF	B	0.7%	0.27%	0.27%
T	A	0.16%	0.68%	0.16%
TMUS	B	0.13%	0.51%	0.13%
V	A	1.13%	1.28%	1.13%
WSM	B	0.35%	0.02%	0.02%
ZM	B	0.29%	0.18%	0.18%

FCPI Overweight 64 Positions Relative to PHEQ

Symbol	Grade	Weight
VST	B	4.0%
TPL	A	3.42%
CF	B	2.69%
NRG	B	2.51%
NUE	C	2.2%
AM	A	2.11%
BRBR	A	2.07%
SPG	B	2.02%
MPC	D	1.86%
VLO	C	1.81%
MO	A	1.75%
VICI	C	1.73%
HST	C	1.71%
CL	D	1.45%
COKE	C	1.42%
UTHR	C	1.19%
CI	F	1.18%
MCK	B	1.17%
THC	D	1.09%
HCA	F	1.07%
UHS	D	0.97%
ELV	F	0.94%
APP	B	0.92%
MEDP	D	0.89%
PGR	A	0.78%
AMP	A	0.75%
COF	B	0.72%
C	A	0.7%
DFS	B	0.69%
FIX	A	0.61%
RNR	C	0.6%
JXN	C	0.6%
EME	C	0.6%
CRBG	B	0.57%
MLI	C	0.55%
RGA	A	0.54%
MTG	C	0.52%
LDOS	C	0.48%
OC	A	0.45%
BCC	B	0.43%
AMAT	F	0.38%
FICO	B	0.37%
ANET	C	0.36%
APH	A	0.35%
EBAY	D	0.32%
DOCU	A	0.31%
TOL	B	0.31%
GDDY	A	0.3%
ANF	C	0.27%
ATKR	C	0.27%
HRB	D	0.27%
NXPI	D	0.26%
GEN	B	0.25%
CVLT	B	0.24%
ACIW	B	0.24%
GAP	C	0.24%
NTAP	C	0.23%
DBX	B	0.23%
QLYS	C	0.21%
ONTO	D	0.19%
CRUS	D	0.17%
SWKS	F	0.17%
CMCSA	B	0.16%
VZ	C	0.16%

FCPI Underweight 166 Positions Relative to PHEQ

Symbol	Grade	Weight
TSLA	B	-1.91%
GOOG	C	-1.9%
JPM	A	-1.73%
BRK.A	B	-1.42%
XOM	B	-1.4%
UNH	C	-1.37%
HD	A	-1.15%
MA	C	-1.14%
COST	B	-1.07%
JNJ	D	-1.04%
BAC	A	-0.98%
WMT	A	-0.96%
CVX	A	-0.84%
CSCO	B	-0.79%
KO	D	-0.77%
ORCL	B	-0.73%
PEP	F	-0.72%
MRK	F	-0.69%
WFC	A	-0.67%
LIN	D	-0.67%
CRM	B	-0.63%
NOW	A	-0.61%
ABT	B	-0.6%
TMO	F	-0.59%
TXN	C	-0.59%
LMT	D	-0.58%
ISRG	A	-0.58%
LOW	D	-0.57%
AXP	A	-0.57%
UNP	C	-0.52%
AMD	F	-0.51%
MDT	D	-0.51%
BMY	B	-0.48%
ADBE	C	-0.48%
TRGP	B	-0.46%
KKR	A	-0.46%
AMGN	D	-0.45%
DE	A	-0.44%
WM	A	-0.44%
MMM	D	-0.44%
CTAS	B	-0.42%
ETR	B	-0.4%
TRV	B	-0.39%
DAL	C	-0.39%
MS	A	-0.39%
PRU	A	-0.37%
PLTR	B	-0.36%
VRTX	F	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
SCHW	B	-0.35%
PPL	B	-0.34%
K	A	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
YUM	B	-0.33%
OTIS	C	-0.33%
EQR	B	-0.32%
EXR	D	-0.32%
BA	F	-0.32%
ROST	C	-0.32%
LH	C	-0.31%
CMS	C	-0.31%
BRO	B	-0.31%
HBAN	A	-0.31%
DTE	C	-0.31%
DRI	B	-0.3%
AEE	A	-0.3%
COR	B	-0.3%
APO	B	-0.3%
UBER	D	-0.29%
DOC	D	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
MAA	B	-0.27%
CFG	B	-0.26%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
FANG	D	-0.24%
MKL	A	-0.23%
NEM	D	-0.23%
ULTA	F	-0.23%
EXPD	D	-0.23%
LNG	B	-0.22%
LYB	F	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
ARE	D	-0.21%
AMCR	D	-0.21%
LULU	C	-0.21%
PFG	D	-0.2%
MSTR	C	-0.2%
ESS	B	-0.19%
SPOT	B	-0.19%
TTD	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CPB	D	-0.18%
CAG	D	-0.17%
DVN	F	-0.17%
IFF	D	-0.16%
AKAM	D	-0.16%
HAL	C	-0.16%
MOH	F	-0.14%
APTV	D	-0.14%
NDSN	B	-0.14%
HEI	B	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
WDAY	B	-0.13%
DASH	A	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
BAH	F	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
IBKR	A	-0.11%
VRT	B	-0.1%
VEEV	C	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-0.08%
ZS	C	-0.08%
NET	B	-0.07%
SCCO	F	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	C	-0.06%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
OKTA	C	-0.04%
WLK	D	-0.04%
BSY	D	-0.04%
CPNG	D	-0.03%
SIRI	C	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WMG	C	-0.02%
MRNA	F	-0.01%