FDLO vs. LVOL ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to American Century Low Volatility ETF (LVOL)

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

$62.46

Average Daily Volume

74,485

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$56.41

Average Daily Volume

251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	LVOL
30 Days	2.15%	3.81%
60 Days	2.49%	4.48%
90 Days	4.58%	5.85%
12 Months	22.55%	23.67%

50 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in LVOL	Overlap
AAPL	B	7.26%	7.14%	7.14%
ABBV	D	0.98%	0.25%	0.25%
ABT	B	0.9%	1.35%	0.9%
ACN	B	1.6%	2.46%	1.6%
ADP	B	0.66%	0.31%	0.31%
AMGN	D	0.71%	0.13%	0.13%
AMZN	C	3.92%	2.81%	2.81%
AVY	D	0.14%	0.18%	0.14%
BRK.A	B	2.13%	2.51%	2.13%
CB	D	0.72%	0.64%	0.64%
CL	D	0.35%	0.87%	0.35%
CMCSA	C	0.95%	0.41%	0.41%
CSCO	A	1.77%	2.62%	1.77%
DOX	D	1.08%	1.21%	1.08%
EA	C	0.72%	0.77%	0.72%
ECL	D	0.24%	0.91%	0.24%
FAST	B	0.54%	0.55%	0.54%
FDS	B	0.59%	0.18%	0.18%
GD	F	0.49%	0.87%	0.49%
GOOGL	C	4.12%	2.38%	2.38%
HD	A	1.19%	2.42%	1.19%
HON	B	0.7%	1.31%	0.7%
IBM	C	1.54%	0.42%	0.42%
ITW	A	0.56%	0.8%	0.56%
JKHY	D	0.51%	0.14%	0.14%
JNJ	D	1.18%	2.14%	1.18%
KMB	C	0.3%	0.53%	0.3%
KO	D	0.66%	0.19%	0.19%
LIN	D	0.53%	2.44%	0.53%
LOW	C	0.71%	0.68%	0.68%
MA	B	1.34%	2.62%	1.34%
MCD	D	0.8%	0.52%	0.52%
MDLZ	F	0.37%	0.18%	0.18%
MMC	A	0.67%	1.84%	0.67%
MRK	F	0.88%	1.45%	0.88%
MSFT	D	6.93%	7.55%	6.93%
MSI	C	1.49%	0.89%	0.89%
OTIS	C	0.47%	0.38%	0.38%
PAYX	B	0.51%	1.29%	0.51%
PEP	F	0.62%	1.0%	0.62%
PG	A	0.99%	2.68%	0.99%
PKG	B	0.19%	0.25%	0.19%
PSA	C	0.25%	0.57%	0.25%
ROP	B	1.21%	0.75%	0.75%
RSG	A	0.47%	1.03%	0.47%
SHW	A	0.3%	0.97%	0.3%
V	A	1.47%	3.19%	1.47%
VRSN	F	1.08%	0.18%	0.18%
WM	A	0.55%	0.85%	0.55%
WMT	B	0.95%	0.87%	0.87%

FDLO Overweight 75 Positions Relative to LVOL

Symbol	Grade	Weight
ORCL	C	2.01%
JPM	B	1.89%
LLY	F	1.57%
UNH	B	1.55%
TXN	D	1.48%
TYL	A	1.19%
XOM	C	1.17%
AKAM	F	1.03%
T	A	0.99%
TMUS	A	0.97%
VZ	B	0.93%
PGR	A	0.84%
TMO	F	0.78%
ETN	A	0.72%
SBUX	B	0.7%
VRTX	D	0.69%
CVX	B	0.69%
TRV	B	0.69%
CME	A	0.69%
TJX	A	0.65%
UNP	C	0.63%
PM	B	0.62%
AJG	A	0.61%
AIZ	B	0.61%
BDX	F	0.6%
LMT	D	0.58%
WRB	A	0.56%
NKE	F	0.56%
CBOE	B	0.55%
ORLY	B	0.53%
GRMN	A	0.51%
REGN	F	0.5%
NOC	D	0.5%
LHX	C	0.49%
AZO	C	0.47%
TSCO	C	0.46%
ERIE	D	0.45%
BAH	F	0.43%
COP	D	0.41%
J	F	0.39%
SO	D	0.37%
DUK	C	0.35%
WMB	B	0.34%
FCN	D	0.34%
EOG	C	0.32%
EQIX	A	0.31%
XEL	A	0.3%
KMI	B	0.3%
HII	F	0.29%
AMT	D	0.29%
GIS	D	0.28%
LNG	B	0.28%
AEP	D	0.28%
WEC	A	0.27%
APD	A	0.27%
AEE	A	0.26%
DLR	A	0.26%
ED	D	0.25%
CMS	C	0.24%
HSY	F	0.24%
DTM	B	0.23%
O	D	0.22%
CCI	D	0.21%
VMC	B	0.2%
CTVA	B	0.2%
MLM	B	0.19%
CTRA	B	0.19%
CSGP	C	0.18%
MAA	B	0.18%
EQR	B	0.18%
ADC	B	0.16%
AMH	C	0.16%
ELS	C	0.16%
ATR	B	0.16%
AMCR	D	0.15%

FDLO Underweight 48 Positions Relative to LVOL

Symbol	Grade	Weight
APH	B	-1.91%
CTAS	B	-1.82%
COST	B	-1.78%
MDT	D	-1.64%
SPGI	C	-1.53%
CTSH	B	-1.44%
INTU	C	-1.43%
PTC	A	-1.26%
BSX	C	-1.12%
FI	A	-1.03%
MCO	A	-0.85%
DOV	A	-0.78%
ADSK	B	-0.78%
GOOG	C	-0.75%
AMP	B	-0.71%
TDY	B	-0.67%
HIG	B	-0.66%
BLK	C	-0.63%
SYK	C	-0.58%
GWW	A	-0.55%
NDSN	B	-0.55%
CRM	B	-0.51%
VRSK	A	-0.46%
IT	C	-0.45%
YUM	B	-0.43%
SNA	A	-0.41%
NTAP	C	-0.39%
PH	A	-0.36%
NOW	B	-0.35%
IEX	B	-0.32%
BR	A	-0.3%
BMY	B	-0.27%
AVB	B	-0.24%
CMI	A	-0.24%
ZBH	C	-0.22%
HOLX	D	-0.21%
BKNG	B	-0.2%
MNST	B	-0.18%
MAS	C	-0.18%
FFIV	A	-0.16%
TROW	A	-0.16%
MSCI	C	-0.16%
HLT	A	-0.15%
CW	B	-0.12%
GGG	B	-0.08%
LSTR	B	-0.08%
DCI	A	-0.08%
CHE	D	-0.07%