FDLO vs. DSTL ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to Distillate U.S. Fundamental Stability & Value ETF (DSTL)

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$57.04

Average Daily Volume

86,153

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

DSTL

Distillate U.S. Fundamental Stability & Value ETF

DSTL Description

The investment seeks to track the performance, before fees and expenses, of the Distillate U.S. Fundamental Stability & Value Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2018 by Distillate Capital Partners LLC, the fund's investment adviser and index provider (the "Adviser"), and uses an objective, rules-based methodology to measure the performance of U.S.-listed, large-capitalization equity securities, selected based on certain fundamental factors.

Grade (RS Rating)

Last Trade

$51.39

Average Daily Volume

110,466

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	DSTL
30 Days	3.74%	1.58%
60 Days	4.92%	-0.04%
90 Days	1.89%	-4.30%
12 Months	16.74%	15.82%

32 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in DSTL	Overlap
ABBV	B	1.2%	2.35%	1.2%
ADP	D	0.6%	1.12%	0.6%
AJG	B	0.85%	0.98%	0.85%
AMGN	B	0.9%	1.76%	0.9%
BRO	B	0.81%	0.86%	0.81%
CBOE	D	0.64%	0.74%	0.64%
CHK	D	0.21%	0.8%	0.21%
CMCSA	C	0.73%	1.59%	0.73%
CME	D	0.76%	0.93%	0.76%
CSCO	C	1.3%	1.55%	1.3%
CVS	D	0.62%	1.2%	0.62%
DOX	D	0.82%	0.65%	0.65%
EA	B	0.58%	0.88%	0.58%
GD	C	0.56%	1.11%	0.56%
GIS	D	0.25%	0.89%	0.25%
GOOGL	B	4.86%	2.41%	2.41%
HII	D	0.38%	0.63%	0.38%
HON	B	0.71%	1.29%	0.71%
HSY	F	0.21%	0.83%	0.21%
JNJ	F	1.26%	2.36%	1.26%
LMT	A	0.63%	1.23%	0.63%
LOW	D	0.65%	1.19%	0.65%
PAYX	D	0.48%	0.91%	0.48%
PCAR	D	0.52%	0.89%	0.52%
PKG	B	0.17%	0.77%	0.17%
PM	B	0.51%	1.81%	0.51%
REGN	B	0.86%	1.13%	0.86%
TMUS	B	0.73%	2.26%	0.73%
UNH	C	1.47%	3.1%	1.47%
VRSN	C	0.88%	0.75%	0.75%
VRTX	B	0.86%	1.19%	0.86%
XOM	C	1.16%	1.01%	1.01%

FDLO Overweight 92 Positions Relative to DSTL

Symbol	Grade	Weight
MSFT	B	8.08%
AAPL	B	7.46%
AMZN	B	4.01%
LLY	A	2.27%
ORCL	B	1.61%
V	D	1.56%
TXN	B	1.53%
MA	D	1.44%
MRK	C	1.29%
MSI	A	1.28%
IBM	B	1.21%
ACN	D	1.19%
TYL	A	1.12%
ROP	A	1.11%
HD	B	1.08%
PGR	D	1.02%
COST	B	0.99%
PG	C	0.99%
MMC	B	0.94%
CB	C	0.93%
ABT	D	0.9%
VZ	B	0.84%
WMT	A	0.8%
T	A	0.79%
CVX	C	0.77%
ETN	D	0.74%
TRV	D	0.74%
MCD	D	0.73%
TJX	A	0.71%
QLYS	D	0.7%
AKAM	F	0.7%
KO	A	0.69%
WRB	C	0.69%
JKHY	B	0.68%
BDX	D	0.68%
AIZ	D	0.66%
PEP	D	0.64%
UNP	D	0.63%
NKE	F	0.61%
FDS	D	0.6%
WM	A	0.59%
LIN	B	0.58%
GRMN	B	0.57%
FOXA	A	0.55%
ORLY	B	0.53%
AZO	B	0.52%
SBUX	F	0.52%
RSG	A	0.51%
LHX	A	0.5%
TSCO	C	0.5%
VRSK	A	0.5%
OTIS	B	0.49%
NOC	D	0.49%
BAH	B	0.47%
GL	C	0.47%
COP	D	0.47%
FCN	C	0.44%
SO	B	0.4%
GGG	D	0.38%
DUK	D	0.37%
CL	B	0.35%
WMB	A	0.33%
MDLZ	D	0.33%
AEP	C	0.32%
PLD	C	0.32%
AMT	B	0.31%
KMI	A	0.29%
KMB	B	0.28%
ECL	B	0.27%
EQIX	C	0.26%
SHW	D	0.26%
ED	D	0.26%
WEC	D	0.25%
DTM	A	0.25%
APD	D	0.25%
CMS	D	0.24%
XEL	D	0.24%
CTRA	D	0.24%
PSA	B	0.23%
DLR	A	0.22%
O	D	0.21%
CTVA	C	0.2%
CCI	C	0.2%
VMC	D	0.2%
MLM	D	0.19%
SBAC	D	0.15%
ATR	D	0.15%
AMH	A	0.15%
BCPC	B	0.14%
ADC	B	0.14%
ELS	B	0.14%
NEU	F	0.11%

FDLO Underweight 68 Positions Relative to DSTL

Symbol	Grade	Weight
QCOM	C	-1.9%
ELV	A	-1.51%
CI	D	-1.46%
MO	B	-1.45%
BMY	F	-1.41%
BKNG	A	-1.4%
MCK	B	-1.2%
BLK	B	-1.16%
MMM	B	-1.11%
EPD	A	-1.11%
FANG	C	-0.99%
NTAP	A	-0.96%
PYPL	F	-0.95%
WAB	D	-0.92%
MCHP	C	-0.92%
LEN	D	-0.92%
GDDY	B	-0.92%
AON	C	-0.89%
KR	D	-0.87%
PHM	D	-0.86%
DGX	D	-0.84%
OC	C	-0.84%
CMI	D	-0.84%
OMC	D	-0.83%
SWKS	B	-0.83%
ON	F	-0.83%
CAH	D	-0.82%
UHS	B	-0.82%
CPAY	D	-0.81%
WLK	D	-0.8%
URI	C	-0.8%
NVR	C	-0.8%
CTSH	C	-0.8%
ICLR	C	-0.79%
DKS	B	-0.79%
WSM	C	-0.78%
QRVO	B	-0.77%
SSNC	B	-0.77%
EMN	C	-0.77%
JAZZ	F	-0.77%
USFD	B	-0.77%
TOL	D	-0.76%
NBIX	C	-0.74%
JBL	F	-0.74%
AOS	D	-0.73%
BLD	D	-0.73%
SNA	D	-0.73%
TDY	D	-0.73%
PR	C	-0.72%
TFX	D	-0.72%
MAS	D	-0.71%
TXT	D	-0.71%
FFIV	C	-0.68%
KNX	C	-0.68%
ETSY	F	-0.67%
DBX	D	-0.66%
ALLE	C	-0.66%
WSC	F	-0.65%
EXP	D	-0.65%
TPX	D	-0.65%
MTN	D	-0.62%
RHI	F	-0.62%
ULTA	F	-0.62%
LKQ	F	-0.62%
MIDD	F	-0.61%
BLDR	F	-0.59%
WEX	D	-0.56%
SOLV	F	-0.15%