FDLO vs. IWLG ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to IQ MacKay Municipal Insured ETF (IWLG)

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

$61.02

Average Daily Volume

90,831

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

IWLG

IQ MacKay Municipal Insured ETF

IWLG Description

IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.38

Average Daily Volume

8,930

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	IWLG
30 Days	2.09%	6.34%
60 Days	8.58%	12.91%
90 Days	6.14%	-0.94%
12 Months	27.76%	48.83%

13 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in IWLG	Overlap
AAPL	C	7.37%	8.05%	7.37%
ABT	C	0.88%	1.13%	0.88%
AMZN	C	3.64%	8.63%	3.64%
ETN	B	0.66%	1.37%	0.66%
GOOGL	B	3.93%	3.78%	3.78%
HD	A	1.17%	1.07%	1.07%
LLY	D	1.85%	1.81%	1.81%
MA	A	1.27%	1.38%	1.27%
MSFT	D	7.16%	11.19%	7.16%
ORLY	A	0.5%	1.19%	0.5%
UNH	B	1.52%	1.16%	1.16%
V	B	1.31%	1.43%	1.31%
VMC	D	0.18%	0.33%	0.18%

FDLO Overweight 112 Positions Relative to IWLG

Symbol	Grade	Weight
BRK.A	B	2.07%
ORCL	A	1.85%
IBM	A	1.66%
CSCO	A	1.63%
JPM	C	1.62%
ACN	B	1.58%
TXN	C	1.55%
MSI	A	1.37%
JNJ	D	1.24%
ROP	D	1.23%
AKAM	D	1.19%
TYL	D	1.16%
ABBV	C	1.16%
DOX	B	1.14%
VRSN	C	1.14%
XOM	A	1.14%
MRK	F	1.04%
VZ	C	1.01%
PG	D	1.01%
T	B	0.96%
TMO	D	0.94%
CMCSA	B	0.92%
WMT	A	0.9%
TMUS	A	0.85%
MCD	A	0.84%
PGR	B	0.83%
AMGN	D	0.81%
KO	C	0.76%
CB	A	0.73%
LOW	C	0.7%
SBUX	B	0.69%
MMC	D	0.68%
VRTX	D	0.68%
REGN	D	0.68%
CME	A	0.67%
NKE	D	0.66%
UNP	F	0.66%
PEP	F	0.66%
HON	C	0.64%
TJX	D	0.64%
BDX	C	0.64%
EA	D	0.64%
TRV	B	0.63%
LMT	A	0.63%
CVX	B	0.62%
ADP	A	0.6%
ERIE	A	0.6%
PM	D	0.59%
AJG	C	0.58%
LIN	C	0.57%
CBOE	B	0.56%
AIZ	B	0.56%
FDS	C	0.56%
NOC	B	0.54%
ITW	C	0.54%
WM	B	0.52%
JKHY	A	0.52%
WRB	C	0.52%
GD	C	0.51%
OTIS	A	0.49%
AZO	D	0.48%
LHX	A	0.47%
TSCO	A	0.47%
PAYX	B	0.47%
FAST	C	0.47%
BAH	C	0.46%
RSG	D	0.45%
J	F	0.44%
GRMN	D	0.43%
MDLZ	D	0.43%
FCN	C	0.4%
HII	F	0.39%
CL	D	0.39%
COP	D	0.38%
SO	A	0.38%
DUK	C	0.37%
AMT	D	0.34%
GIS	C	0.33%
KMB	D	0.32%
SHW	C	0.31%
AEP	C	0.3%
EQIX	C	0.3%
EOG	B	0.29%
XEL	C	0.28%
ED	C	0.27%
WMB	A	0.27%
HSY	D	0.27%
APD	C	0.26%
PSA	C	0.26%
WEC	B	0.26%
O	C	0.25%
AEE	A	0.25%
ECL	C	0.25%
LNG	A	0.24%
DLR	C	0.24%
KMI	A	0.24%
CMS	A	0.24%
CCI	D	0.23%
CTVA	A	0.22%
CSGP	F	0.19%
EQR	C	0.19%
MAA	D	0.18%
DTM	A	0.18%
MLM	F	0.18%
CTRA	D	0.18%
AMCR	C	0.17%
PKG	B	0.17%
ATR	A	0.16%
ELS	D	0.16%
AMH	D	0.16%
AVY	D	0.16%
ADC	C	0.15%

FDLO Underweight 28 Positions Relative to IWLG

Symbol	Grade	Weight
NVDA	B	-8.58%
META	A	-4.1%
AVGO	B	-3.77%
GOOG	B	-3.2%
SPOT	C	-2.43%
INTU	F	-2.42%
ISRG	C	-2.28%
KKR	A	-2.16%
ADBE	F	-2.05%
CMG	C	-1.79%
GE	B	-1.69%
TT	A	-1.67%
LRCX	D	-1.66%
NOW	B	-1.65%
MELI	D	-1.52%
FICO	C	-1.49%
WDAY	D	-1.48%
UBER	C	-1.44%
SNPS	F	-1.23%
ASML	F	-1.21%
SYK	C	-1.12%
WCN	D	-1.06%
NFLX	A	-1.01%
BSX	A	-0.98%
AME	C	-0.96%
HLT	A	-0.96%
AMD	C	-0.48%
BKNG	B	-0.48%