FDLO vs. XRLV ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV)

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

$62.00

Average Daily Volume

73,601

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$55.81

Average Daily Volume

788

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	XRLV
30 Days	-0.23%	2.19%
60 Days	1.39%	4.23%
90 Days	3.55%	6.00%
12 Months	21.09%	23.15%

52 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in XRLV	Overlap
ABBV	F	0.98%	0.76%	0.76%
ABT	B	0.9%	0.92%	0.9%
ADP	A	0.66%	1.04%	0.66%
AJG	A	0.61%	0.95%	0.61%
AVY	F	0.14%	0.92%	0.14%
BDX	F	0.6%	0.8%	0.6%
BRK.A	B	2.13%	1.43%	1.43%
CB	C	0.72%	1.04%	0.72%
CBOE	C	0.55%	0.83%	0.55%
CL	D	0.35%	1.03%	0.35%
CME	B	0.69%	1.06%	0.69%
CMS	C	0.24%	0.91%	0.24%
CSCO	B	1.77%	1.11%	1.11%
DUK	C	0.35%	0.96%	0.35%
EA	A	0.72%	0.97%	0.72%
ECL	D	0.24%	0.88%	0.24%
ED	C	0.25%	0.87%	0.25%
GD	D	0.49%	0.93%	0.49%
GIS	D	0.28%	0.78%	0.28%
HON	C	0.7%	1.18%	0.7%
ITW	B	0.56%	1.13%	0.56%
JKHY	D	0.51%	0.86%	0.51%
JNJ	C	1.18%	1.01%	1.01%
JPM	A	1.89%	1.12%	1.12%
KMB	C	0.3%	0.88%	0.3%
KMI	A	0.3%	1.28%	0.3%
KO	D	0.66%	1.12%	0.66%
LIN	C	0.53%	1.04%	0.53%
LMT	D	0.58%	0.9%	0.58%
MA	B	1.34%	1.19%	1.19%
MCD	D	0.8%	1.06%	0.8%
MDLZ	F	0.37%	0.87%	0.37%
MMC	B	0.67%	1.14%	0.67%
MSI	B	1.49%	1.13%	1.13%
PAYX	B	0.51%	0.98%	0.51%
PEP	F	0.62%	0.89%	0.62%
PG	C	0.99%	1.13%	0.99%
PKG	A	0.19%	1.04%	0.19%
PM	B	0.62%	1.08%	0.62%
REGN	F	0.5%	0.66%	0.5%
ROP	B	1.21%	1.06%	1.06%
RSG	A	0.47%	1.21%	0.47%
SO	C	0.37%	0.93%	0.37%
TJX	A	0.65%	1.13%	0.65%
TMUS	B	0.97%	1.45%	0.97%
UNP	C	0.63%	0.94%	0.63%
V	A	1.47%	1.34%	1.34%
VRSN	C	1.08%	0.93%	0.93%
WEC	A	0.27%	0.93%	0.27%
WM	B	0.55%	0.98%	0.55%
WMB	A	0.34%	1.22%	0.34%
WMT	A	0.95%	1.19%	0.95%

FDLO Overweight 73 Positions Relative to XRLV

Symbol	Grade	Weight
AAPL	C	7.26%
MSFT	D	6.93%
GOOGL	C	4.12%
AMZN	C	3.92%
ORCL	A	2.01%
ACN	B	1.6%
LLY	F	1.57%
UNH	B	1.55%
IBM	C	1.54%
TXN	C	1.48%
HD	B	1.19%
TYL	B	1.19%
XOM	B	1.17%
DOX	D	1.08%
AKAM	D	1.03%
T	A	0.99%
CMCSA	B	0.95%
VZ	C	0.93%
MRK	D	0.88%
PGR	A	0.84%
TMO	F	0.78%
ETN	A	0.72%
LOW	C	0.71%
AMGN	F	0.71%
SBUX	A	0.7%
VRTX	D	0.69%
CVX	A	0.69%
TRV	B	0.69%
AIZ	A	0.61%
FDS	B	0.59%
WRB	A	0.56%
NKE	F	0.56%
FAST	B	0.54%
ORLY	B	0.53%
GRMN	B	0.51%
NOC	D	0.5%
LHX	C	0.49%
OTIS	C	0.47%
AZO	C	0.47%
TSCO	D	0.46%
ERIE	D	0.45%
BAH	F	0.43%
COP	C	0.41%
J	D	0.39%
FCN	F	0.34%
EOG	A	0.32%
EQIX	A	0.31%
XEL	A	0.3%
SHW	B	0.3%
HII	F	0.29%
AMT	C	0.29%
LNG	A	0.28%
AEP	C	0.28%
APD	A	0.27%
AEE	A	0.26%
DLR	B	0.26%
PSA	C	0.25%
HSY	F	0.24%
DTM	A	0.23%
O	C	0.22%
CCI	C	0.21%
VMC	B	0.2%
CTVA	C	0.2%
MLM	C	0.19%
CTRA	B	0.19%
CSGP	D	0.18%
MAA	B	0.18%
EQR	C	0.18%
ADC	A	0.16%
AMH	C	0.16%
ELS	C	0.16%
ATR	B	0.16%
AMCR	C	0.15%

FDLO Underweight 48 Positions Relative to XRLV

Symbol	Grade	Weight
FI	A	-1.3%
AMP	A	-1.26%
L	A	-1.24%
BK	A	-1.16%
OKE	A	-1.16%
ATO	A	-1.12%
AME	A	-1.11%
ETR	B	-1.11%
IEX	C	-1.07%
MET	A	-1.05%
PRU	A	-1.04%
HIG	B	-1.03%
SRE	A	-1.03%
HLT	A	-1.02%
CTAS	B	-1.0%
PPL	A	-1.0%
PEG	A	-0.99%
WELL	A	-0.99%
YUM	D	-0.99%
CHD	A	-0.99%
PFG	D	-0.99%
DRI	B	-0.98%
COR	B	-0.98%
MO	A	-0.97%
NI	A	-0.97%
BRO	B	-0.97%
CSX	C	-0.96%
AIG	B	-0.96%
AFL	B	-0.95%
BR	A	-0.94%
LNT	A	-0.94%
DGX	A	-0.92%
AVB	B	-0.92%
MDT	D	-0.91%
LH	B	-0.91%
VRSK	A	-0.9%
EVRG	A	-0.9%
OMC	C	-0.89%
MCK	A	-0.88%
FE	C	-0.87%
PPG	F	-0.87%
STZ	D	-0.87%
HOLX	D	-0.85%
SYY	D	-0.84%
KDP	F	-0.81%
LYB	F	-0.76%
DOW	F	-0.71%
ELV	F	-0.64%