FDLO vs. FQAL ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to Fidelity Quality Factor ETF (FQAL)

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

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

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

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	FQAL
30 Days	0.81%	2.60%
60 Days	1.49%	4.35%
90 Days	4.05%	5.86%
12 Months	21.68%	30.56%

51 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in FQAL	Overlap
AAPL	C	7.26%	6.62%	6.62%
ABBV	D	0.98%	1.14%	0.98%
ACN	C	1.6%	1.05%	1.05%
ADP	B	0.66%	0.64%	0.64%
AMT	D	0.29%	0.27%	0.27%
AVY	D	0.14%	0.15%	0.14%
AZO	C	0.47%	0.75%	0.47%
CL	D	0.35%	0.36%	0.35%
CME	A	0.69%	0.85%	0.69%
COP	C	0.41%	0.41%	0.41%
CVX	A	0.69%	0.68%	0.68%
ECL	D	0.24%	0.24%	0.24%
EOG	A	0.32%	0.32%	0.32%
EQR	B	0.18%	0.17%	0.17%
FAST	B	0.54%	0.53%	0.53%
GOOGL	C	4.12%	3.69%	3.69%
GRMN	B	0.51%	0.86%	0.51%
HD	A	1.19%	1.5%	1.19%
HSY	F	0.24%	0.25%	0.24%
ITW	B	0.56%	0.54%	0.54%
JNJ	D	1.18%	1.35%	1.18%
KMB	D	0.3%	0.31%	0.3%
KO	D	0.66%	0.66%	0.66%
LIN	D	0.53%	0.52%	0.52%
LLY	F	1.57%	1.72%	1.57%
LMT	D	0.58%	0.56%	0.56%
LNG	B	0.28%	0.28%	0.28%
LOW	D	0.71%	1.02%	0.71%
MA	C	1.34%	1.48%	1.34%
MCD	D	0.8%	1.11%	0.8%
MDLZ	F	0.37%	0.38%	0.37%
MLM	B	0.19%	0.19%	0.19%
MSFT	F	6.93%	6.3%	6.3%
O	D	0.22%	0.21%	0.21%
ORLY	B	0.53%	0.84%	0.53%
OTIS	C	0.47%	0.45%	0.45%
PAYX	C	0.51%	0.49%	0.49%
PG	A	0.99%	0.98%	0.98%
PGR	A	0.84%	1.0%	0.84%
PM	B	0.62%	0.63%	0.62%
PSA	D	0.25%	0.23%	0.23%
SHW	A	0.3%	0.3%	0.3%
SO	D	0.37%	0.36%	0.36%
T	A	0.99%	0.57%	0.57%
UNP	C	0.63%	0.61%	0.61%
V	A	1.47%	1.61%	1.47%
VRTX	F	0.69%	0.86%	0.69%
VZ	C	0.93%	0.56%	0.56%
WEC	A	0.27%	0.26%	0.26%
WMB	A	0.34%	0.34%	0.34%
XOM	B	1.17%	1.16%	1.16%

FDLO Overweight 74 Positions Relative to FQAL

Symbol	Grade	Weight
AMZN	C	3.92%
BRK.A	B	2.13%
ORCL	B	2.01%
JPM	A	1.89%
CSCO	B	1.77%
UNH	C	1.55%
IBM	C	1.54%
MSI	B	1.49%
TXN	C	1.48%
ROP	B	1.21%
TYL	B	1.19%
VRSN	F	1.08%
DOX	D	1.08%
AKAM	D	1.03%
TMUS	B	0.97%
CMCSA	B	0.95%
WMT	A	0.95%
ABT	B	0.9%
MRK	F	0.88%
TMO	F	0.78%
EA	A	0.72%
CB	C	0.72%
ETN	A	0.72%
AMGN	D	0.71%
SBUX	A	0.7%
HON	B	0.7%
TRV	B	0.69%
MMC	B	0.67%
TJX	A	0.65%
PEP	F	0.62%
AJG	B	0.61%
AIZ	A	0.61%
BDX	F	0.6%
FDS	B	0.59%
WRB	A	0.56%
NKE	D	0.56%
WM	A	0.55%
CBOE	B	0.55%
JKHY	D	0.51%
REGN	F	0.5%
NOC	D	0.5%
GD	F	0.49%
LHX	C	0.49%
RSG	A	0.47%
TSCO	D	0.46%
ERIE	D	0.45%
BAH	F	0.43%
J	F	0.39%
DUK	C	0.35%
FCN	D	0.34%
EQIX	A	0.31%
XEL	A	0.3%
KMI	A	0.3%
HII	D	0.29%
GIS	D	0.28%
AEP	D	0.28%
APD	A	0.27%
AEE	A	0.26%
DLR	B	0.26%
ED	D	0.25%
CMS	C	0.24%
DTM	B	0.23%
CCI	D	0.21%
VMC	B	0.2%
CTVA	C	0.2%
PKG	A	0.19%
CTRA	B	0.19%
CSGP	D	0.18%
MAA	B	0.18%
ADC	B	0.16%
AMH	D	0.16%
ELS	C	0.16%
ATR	B	0.16%
AMCR	D	0.15%

FDLO Underweight 73 Positions Relative to FQAL

Symbol	Grade	Weight
NVDA	C	-7.24%
META	D	-2.51%
AVGO	D	-2.0%
BKNG	A	-1.21%
BX	A	-1.05%
BMY	B	-1.02%
COST	B	-1.01%
GILD	C	-1.0%
ADBE	C	-0.97%
NFLX	A	-0.97%
FICO	B	-0.96%
PANW	C	-0.96%
AMP	A	-0.92%
SPGI	C	-0.92%
QCOM	F	-0.91%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CAT	B	-0.77%
CFR	B	-0.77%
AMAT	F	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
LRCX	F	-0.67%
IDXX	F	-0.67%
KNSL	B	-0.65%
QLYS	C	-0.64%
KLAC	D	-0.64%
WSM	B	-0.63%
MTD	D	-0.58%
MEDP	D	-0.57%
CTAS	B	-0.55%
GWW	B	-0.55%
AME	A	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
VRSK	A	-0.46%
ODFL	B	-0.45%
MO	A	-0.44%
VST	B	-0.43%
TTD	B	-0.41%
CEG	D	-0.36%
MNST	C	-0.31%
TPL	A	-0.31%
PLD	D	-0.3%
NRG	B	-0.27%
SPG	B	-0.25%
FCX	D	-0.24%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
AVB	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
GLPI	C	-0.14%