FDLO vs. FXO ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to First Trust Financials AlphaDEX (FXO)

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

$56.19

Average Daily Volume

127,246

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Financials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$47.31

Average Daily Volume

73,490

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	FXO
30 Days	2.55%	5.94%
60 Days	1.16%	4.32%
90 Days	2.94%	8.49%
12 Months	16.35%	38.75%

9 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in FXO	Overlap
AIZ	D	0.72%	0.3%	0.3%
AJG	B	0.83%	0.32%	0.32%
BRO	A	0.78%	1.31%	0.78%
CB	B	0.92%	0.94%	0.92%
CBOE	D	0.72%	0.33%	0.33%
GL	F	0.52%	0.52%	0.52%
PGR	B	1.09%	1.77%	1.09%
TRV	D	0.8%	0.3%	0.3%
WRB	D	0.7%	0.29%	0.29%

FDLO Overweight 115 Positions Relative to FXO

Symbol	Grade	Weight
MSFT	C	7.6%
AAPL	B	6.74%
GOOGL	B	4.63%
AMZN	B	4.18%
LLY	C	2.01%
V	C	1.63%
UNH	B	1.58%
TXN	A	1.49%
MA	D	1.48%
ORCL	C	1.4%
CSCO	D	1.36%
JNJ	D	1.32%
MRK	C	1.3%
ACN	F	1.25%
IBM	D	1.23%
XOM	B	1.22%
MSI	A	1.21%
ABBV	D	1.16%
TYL	A	1.14%
HD	D	1.11%
ROP	D	1.06%
PG	A	1.01%
MMC	B	0.93%
DOX	F	0.93%
ABT	F	0.92%
COST	B	0.91%
AMGN	B	0.9%
VRSN	F	0.86%
CME	D	0.86%
AKAM	F	0.84%
VZ	C	0.83%
CVX	B	0.82%
MCD	F	0.79%
VRTX	B	0.79%
REGN	B	0.79%
ETN	B	0.78%
QLYS	F	0.78%
CMCSA	D	0.77%
T	B	0.75%
WMT	D	0.74%
LOW	D	0.72%
UNP	B	0.71%
JKHY	D	0.7%
PEP	B	0.7%
KO	A	0.7%
BDX	F	0.7%
TMUS	D	0.69%
HON	B	0.68%
TJX	B	0.66%
LMT	B	0.65%
FDS	D	0.64%
GRMN	A	0.63%
NKE	F	0.62%
WM	B	0.61%
ADP	C	0.6%
GD	B	0.58%
CVS	F	0.58%
LIN	D	0.58%
NOC	C	0.56%
FOXA	B	0.55%
PCAR	D	0.54%
AZO	D	0.54%
ORLY	D	0.53%
EA	F	0.53%
COP	D	0.52%
TSCO	B	0.52%
RSG	D	0.51%
LHX	A	0.5%
OTIS	C	0.5%
SBUX	F	0.5%
PM	A	0.5%
PAYX	B	0.48%
VRSK	B	0.47%
FCN	B	0.47%
BAH	C	0.46%
GGG	D	0.41%
SO	A	0.41%
HII	D	0.39%
DUK	B	0.39%
MDLZ	B	0.36%
CL	A	0.35%
AEP	B	0.34%
PLD	F	0.32%
WMB	A	0.31%
AMT	C	0.3%
SHW	D	0.29%
ED	A	0.29%
WEC	B	0.28%
KMB	C	0.28%
KMI	A	0.28%
ECL	B	0.27%
CTRA	B	0.26%
CMS	B	0.26%
GIS	C	0.26%
EQIX	C	0.25%
XEL	C	0.25%
APD	C	0.24%
O	C	0.23%
HSY	C	0.23%
DTM	A	0.23%
CHK	B	0.23%
PSA	C	0.22%
CTVA	B	0.22%
DLR	C	0.22%
VMC	B	0.22%
MLM	C	0.22%
CCI	C	0.21%
ATR	C	0.17%
PKG	D	0.17%
AMH	C	0.16%
SBAC	F	0.16%
ADC	B	0.14%
BCPC	B	0.14%
ELS	F	0.14%
NEU	D	0.13%

FDLO Underweight 92 Positions Relative to FXO

Symbol	Grade	Weight
ACGL	B	-1.81%
FCNCA	B	-1.79%
WTM	D	-1.77%
OZK	B	-1.76%
APO	D	-1.71%
NU	C	-1.7%
SLM	C	-1.69%
JHG	A	-1.69%
KKR	B	-1.68%
UNM	B	-1.66%
OWL	C	-1.65%
BRK.A	C	-1.64%
RNR	D	-1.63%
EG	B	-1.62%
CINF	D	-1.6%
AMG	D	-1.59%
AGO	D	-1.59%
MTG	B	-1.58%
TROW	D	-1.55%
MKL	A	-1.44%
COLB	C	-1.42%
MTB	A	-1.41%
AIG	B	-1.39%
FHN	A	-1.39%
HBAN	A	-1.37%
OMF	C	-1.37%
L	B	-1.34%
FNB	A	-1.34%
C	A	-1.34%
CMA	B	-1.33%
AMP	A	-1.32%
ALLY	A	-1.32%
STT	B	-1.32%
RYAN	C	-1.28%
WBS	D	-1.23%
BEN	F	-1.13%
VIRT	A	-1.06%
ARES	A	-1.01%
KNSL	F	-1.0%
EQH	B	-1.0%
FHB	B	-0.98%
LPLA	B	-0.98%
BOKF	A	-0.98%
ZION	B	-0.98%
BK	A	-0.97%
AFL	A	-0.96%
CFG	A	-0.96%
BAC	A	-0.96%
EWBC	B	-0.95%
WAL	B	-0.95%
HIG	B	-0.94%
PNFP	B	-0.94%
WTFC	B	-0.93%
SEIC	D	-0.92%
RF	B	-0.91%
LNC	B	-0.89%
PRI	D	-0.84%
GS	A	-0.73%
AXS	B	-0.73%
RGA	A	-0.73%
WFC	A	-0.72%
FITB	B	-0.7%
ORI	A	-0.69%
BPOP	A	-0.69%
UWMC	B	-0.67%
PNC	A	-0.66%
TPG	D	-0.66%
SNV	A	-0.66%
JPM	A	-0.66%
RKT	B	-0.65%
MORN	D	-0.65%
PB	B	-0.65%
NTRS	B	-0.65%
USB	D	-0.63%
WTW	D	-0.62%
FAF	D	-0.61%
CRBG	B	-0.35%
JEF	B	-0.34%
CBSH	A	-0.34%
SF	A	-0.34%
TW	B	-0.34%
MS	A	-0.33%
RJF	B	-0.32%
FNF	B	-0.32%
STWD	B	-0.32%
PRU	A	-0.32%
VOYA	B	-0.32%
KEY	B	-0.31%
CFR	D	-0.31%
AFG	C	-0.31%
BLK	C	-0.3%
XP	F	-0.28%