FDLO vs. MMLG ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to First Trust Multi-Manager Large Growth ETF (MMLG)

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

MMLG

First Trust Multi-Manager Large Growth ETF

MMLG Description

The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.49

Average Daily Volume

17,873

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	MMLG
30 Days	2.09%	6.20%
60 Days	8.58%	14.10%
90 Days	6.14%	-1.62%
12 Months	27.76%	41.04%

22 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in MMLG	Overlap
AAPL	C	7.37%	4.52%	4.52%
ABT	C	0.88%	0.31%	0.31%
ACN	B	1.58%	0.64%	0.64%
AMZN	C	3.64%	6.51%	3.64%
CB	A	0.73%	0.38%	0.38%
EQIX	C	0.3%	0.33%	0.3%
GOOGL	B	3.93%	2.81%	2.81%
LLY	D	1.85%	1.89%	1.85%
MA	A	1.27%	1.45%	1.27%
MRK	F	1.04%	0.95%	0.95%
MSFT	D	7.16%	8.07%	7.16%
MSI	A	1.37%	0.62%	0.62%
NKE	D	0.66%	0.43%	0.43%
ORLY	A	0.5%	0.63%	0.5%
ROP	D	1.23%	0.31%	0.31%
RSG	D	0.45%	0.48%	0.45%
SHW	C	0.31%	0.56%	0.31%
TJX	D	0.64%	0.62%	0.62%
TMO	D	0.94%	0.44%	0.44%
TXN	C	1.55%	0.6%	0.6%
UNH	B	1.52%	0.73%	0.73%
V	B	1.31%	1.04%	1.04%

FDLO Overweight 103 Positions Relative to MMLG

Symbol	Grade	Weight
BRK.A	B	2.07%
ORCL	A	1.85%
IBM	A	1.66%
CSCO	A	1.63%
JPM	C	1.62%
JNJ	D	1.24%
AKAM	D	1.19%
HD	A	1.17%
TYL	D	1.16%
ABBV	C	1.16%
DOX	B	1.14%
VRSN	C	1.14%
XOM	A	1.14%
VZ	C	1.01%
PG	D	1.01%
T	B	0.96%
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%
LOW	C	0.7%
SBUX	B	0.69%
MMC	D	0.68%
VRTX	D	0.68%
REGN	D	0.68%
CME	A	0.67%
UNP	F	0.66%
PEP	F	0.66%
ETN	B	0.66%
HON	C	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%
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%
AEP	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%
VMC	D	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 53 Positions Relative to MMLG

Symbol	Grade	Weight
NVDA	B	-9.52%
META	A	-4.86%
NOW	B	-4.03%
NFLX	A	-2.32%
SHOP	B	-2.2%
AVGO	B	-2.17%
ASML	F	-1.99%
DDOG	B	-1.9%
SE	B	-1.83%
NU	D	-1.79%
UBER	C	-1.53%
TEAM	D	-1.52%
SQ	D	-1.43%
IOT	C	-1.41%
ENTG	D	-1.37%
DXCM	F	-1.25%
RARE	D	-1.19%
SPOT	C	-1.18%
EW	F	-1.14%
OKTA	F	-1.11%
DASH	A	-1.1%
ICE	A	-1.07%
FND	C	-0.92%
CMG	C	-0.77%
LRCX	D	-0.77%
KLAC	B	-0.74%
RBLX	D	-0.73%
CRM	B	-0.68%
APH	D	-0.67%
ADBE	F	-0.64%
SNOW	F	-0.61%
INTU	F	-0.57%
GOOG	B	-0.54%
EL	D	-0.5%
NET	D	-0.5%
CDW	D	-0.48%
DE	C	-0.48%
AXP	A	-0.46%
LYV	A	-0.44%
STZ	D	-0.43%
ACGL	A	-0.42%
WDAY	D	-0.42%
IR	A	-0.42%
BSX	A	-0.41%
TSLA	C	-0.4%
RTX	A	-0.37%
CDNS	D	-0.35%
MNST	D	-0.34%
KKR	A	-0.34%
ABNB	D	-0.33%
VEEV	C	-0.29%
VST	A	-0.25%
FANG	D	-0.18%