FCPI vs. QVAL ETF Comparison

Comparison of Fidelity Stocks for Inflation ETF (FCPI) to ValueShares U.S. Quantitative Value ETF (QVAL)

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

$37.23

Average Daily Volume

18,067

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.74

Average Daily Volume

26,129

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCPI	QVAL
30 Days	-4.80%	-2.15%
60 Days	0.84%	4.58%
90 Days	6.44%	7.82%
12 Months	19.17%	28.20%

14 Overlapping Holdings

Symbol	Grade	Weight in FCPI	Weight in QVAL	Overlap
ALSN	A	0.55%	2.08%	0.55%
AMR	D	1.83%	2.1%	1.83%
CMCSA	D	0.19%	1.9%	0.19%
CSCO	D	0.52%	1.99%	0.52%
CTSH	D	0.22%	1.94%	0.22%
MO	A	1.66%	1.94%	1.66%
MOH	C	1.23%	1.79%	1.23%
OC	A	0.44%	2.02%	0.44%
PHM	C	0.51%	1.91%	0.51%
T	B	0.16%	1.95%	0.16%
TMHC	C	0.51%	1.87%	0.51%
TOL	B	0.57%	1.91%	0.57%
UFPI	C	0.4%	1.98%	0.4%
UTHR	A	1.26%	1.98%	1.26%

FCPI Overweight 86 Positions Relative to QVAL

Symbol	Grade	Weight
MSFT	B	5.56%
AAPL	F	4.35%
NVDA	B	3.92%
VST	A	3.21%
MPC	A	2.7%
NUE	A	2.57%
LLY	C	2.55%
CF	B	2.47%
CHRD	A	2.46%
SWN	A	2.36%
PG	B	2.25%
NFG	A	2.19%
LNG	B	2.03%
SPG	C	1.87%
OHI	D	1.79%
ABBV	B	1.75%
PSA	D	1.73%
CL	B	1.66%
KMB	A	1.64%
MEDP	C	1.53%
BRBR	C	1.51%
GOOGL	A	1.49%
BRK.A	C	1.42%
COKE	C	1.36%
MCK	A	1.33%
REGN	C	1.3%
VRTX	C	1.24%
CAH	B	1.21%
AMGN	B	1.21%
AVGO	B	1.19%
CNC	B	1.16%
META	B	1.04%
HUM	D	1.03%
V	C	1.0%
MA	C	0.94%
WSM	A	0.72%
CRM	C	0.69%
BKNG	C	0.61%
ABNB	B	0.59%
QCOM	B	0.54%
DFS	A	0.54%
PCAR	B	0.53%
ACGL	A	0.53%
ADBE	D	0.52%
RCL	A	0.52%
COF	A	0.52%
AMAT	B	0.52%
KBH	D	0.5%
ADP	C	0.5%
COOP	A	0.5%
ACN	D	0.5%
MTH	D	0.49%
SYF	B	0.49%
FCNCA	A	0.49%
ATKR	A	0.48%
HRB	B	0.48%
IBM	C	0.47%
NOW	C	0.45%
EG	D	0.45%
RDN	B	0.45%
PAYX	B	0.45%
BCC	B	0.44%
MTG	C	0.44%
BLDR	D	0.44%
MLI	A	0.43%
ESNT	C	0.43%
LRCX	B	0.42%
KLAC	C	0.36%
APP	A	0.35%
CDNS	C	0.33%
PLTR	D	0.32%
ANET	D	0.32%
CRWD	D	0.31%
DELL	A	0.31%
PANW	B	0.3%
NFLX	B	0.29%
FICO	D	0.22%
SWKS	D	0.21%
MANH	D	0.2%
ZM	F	0.2%
VZ	A	0.2%
AKAM	D	0.18%
QLYS	D	0.17%
DBX	F	0.14%
EA	D	0.09%
NYT	D	0.06%

FCPI Underweight 35 Positions Relative to QVAL

Symbol	Grade	Weight
LBRT	A	-2.21%
SNX	A	-2.16%
BG	A	-2.13%
DAL	A	-2.11%
PSX	A	-2.1%
CRC	A	-2.09%
TEX	A	-2.07%
ARCH	B	-2.07%
SM	A	-2.07%
SIG	C	-2.06%
HAL	A	-2.06%
VLO	A	-2.06%
MUSA	A	-2.04%
AGCO	B	-2.03%
INSW	A	-2.02%
ELV	A	-2.01%
ARW	B	-2.01%
WFRD	A	-2.01%
SNA	C	-2.0%
CCK	B	-2.0%
THC	B	-1.99%
CEIX	B	-1.99%
APA	B	-1.98%
OMC	A	-1.98%
TPH	B	-1.98%
CVI	C	-1.97%
GPK	A	-1.96%
IPG	D	-1.93%
SKX	C	-1.92%
BBY	B	-1.92%
HPQ	D	-1.91%
DHI	C	-1.89%
LEA	D	-1.88%
CRI	D	-1.79%
CROX	D	-1.78%