FDMO vs. QQEW ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.42

Average Daily Volume

35,646

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW 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 NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$130.64

Average Daily Volume

54,606

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FDMO	QQEW
30 Days	6.00%	4.45%
60 Days	8.27%	5.07%
90 Days	10.44%	5.05%
12 Months	42.98%	20.64%

18 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in QQEW	Overlap
AAPL	C	6.8%	0.96%	0.96%
AEP	D	0.28%	0.88%	0.28%
AMZN	C	3.76%	1.06%	1.06%
AVGO	D	2.03%	0.96%	0.96%
BKNG	A	0.66%	1.17%	0.66%
CEG	D	0.29%	0.85%	0.29%
COST	B	0.92%	0.98%	0.92%
CTAS	B	0.54%	1.02%	0.54%
GOOGL	C	3.54%	0.52%	0.52%
ISRG	A	1.06%	1.06%	1.06%
LIN	D	0.51%	0.92%	0.51%
META	D	2.39%	0.99%	0.99%
MSFT	F	6.21%	0.94%	0.94%
NFLX	A	0.88%	1.15%	0.88%
NVDA	C	6.97%	1.21%	1.21%
TMUS	B	0.45%	1.14%	0.45%
TSLA	B	2.03%	1.25%	1.25%
TTD	B	0.32%	1.1%	0.32%

FDMO Overweight 104 Positions Relative to QQEW

Symbol	Grade	Weight
BRK.A	B	2.14%
JPM	A	1.88%
LLY	F	1.68%
PLTR	B	1.3%
APP	B	1.27%
BAC	A	1.21%
XOM	B	1.12%
COIN	C	1.09%
HD	A	1.08%
ABBV	D	1.08%
GS	A	0.99%
BSX	B	0.95%
DHR	F	0.92%
PG	A	0.92%
AXP	A	0.9%
MSI	B	0.88%
NTRA	B	0.87%
PGR	A	0.87%
WMT	A	0.86%
FICO	B	0.86%
HOOD	B	0.83%
ANET	C	0.82%
KKR	A	0.8%
HCA	F	0.78%
QTWO	A	0.78%
GDDY	A	0.78%
CVLT	B	0.74%
GKOS	B	0.74%
GE	D	0.74%
CAT	B	0.73%
RVMD	C	0.73%
SYF	B	0.72%
THC	D	0.72%
BK	A	0.7%
RNA	D	0.7%
UBER	D	0.67%
CVX	A	0.67%
EVR	B	0.67%
HIG	B	0.67%
RTX	C	0.66%
FIS	C	0.65%
TJX	A	0.61%
KO	D	0.61%
TT	A	0.59%
JXN	C	0.59%
MPWR	F	0.56%
PM	B	0.55%
HWM	A	0.52%
T	A	0.52%
CARR	D	0.51%
VRT	B	0.51%
URI	B	0.5%
TDG	D	0.5%
GM	B	0.5%
RCL	A	0.48%
FIX	A	0.47%
NEE	D	0.47%
EME	C	0.47%
MLI	C	0.44%
ZETA	D	0.43%
EBAY	D	0.42%
DY	D	0.42%
TRU	D	0.4%
SN	D	0.39%
LDOS	C	0.38%
CVNA	B	0.38%
MO	A	0.37%
DUK	C	0.35%
CL	D	0.33%
LUMN	C	0.32%
VST	B	0.31%
WMB	A	0.3%
OKE	A	0.3%
SHW	A	0.29%
KMI	A	0.28%
PEG	A	0.28%
KMB	D	0.28%
WELL	A	0.28%
TRGP	B	0.27%
SPG	B	0.25%
FRPT	B	0.24%
NRG	B	0.24%
TPL	A	0.24%
PSA	D	0.24%
DLR	B	0.24%
SFM	A	0.24%
ECL	D	0.23%
CBRE	B	0.21%
NEM	D	0.2%
DTM	B	0.2%
EXR	D	0.2%
IRM	D	0.19%
EQR	B	0.19%
FTI	A	0.19%
ESS	B	0.18%
SW	A	0.17%
JLL	D	0.16%
CRS	A	0.16%
PKG	A	0.16%
IFF	D	0.15%
SLG	B	0.15%
VNO	B	0.15%
LPX	B	0.15%
ATI	D	0.14%

FDMO Underweight 83 Positions Relative to QQEW

Symbol	Grade	Weight
TEAM	A	-1.47%
LULU	C	-1.21%
DASH	A	-1.19%
MRVL	B	-1.18%
FTNT	C	-1.18%
TTWO	A	-1.17%
ZS	C	-1.16%
CHTR	C	-1.15%
WBD	C	-1.15%
BKR	B	-1.15%
EA	A	-1.13%
PCAR	B	-1.12%
ODFL	B	-1.11%
MAR	B	-1.11%
PANW	C	-1.11%
FAST	B	-1.11%
DDOG	A	-1.1%
INTC	D	-1.1%
ADSK	A	-1.1%
CRWD	B	-1.1%
HON	B	-1.09%
PDD	F	-1.08%
CSCO	B	-1.07%
CPRT	A	-1.07%
PYPL	B	-1.07%
ORLY	B	-1.06%
CDNS	B	-1.06%
MU	D	-1.05%
ADP	B	-1.05%
MNST	C	-1.05%
WDAY	B	-1.05%
PAYX	C	-1.05%
GILD	C	-1.05%
VRSK	A	-1.04%
SNPS	B	-1.04%
CMCSA	B	-1.04%
ILMN	D	-1.04%
GFS	C	-1.04%
INTU	C	-1.04%
XEL	A	-1.03%
DXCM	D	-1.02%
ANSS	B	-1.02%
CTSH	B	-1.02%
MDB	C	-1.01%
VRTX	F	-1.0%
SBUX	A	-0.99%
CSX	B	-0.98%
ABNB	C	-0.98%
FANG	D	-0.97%
ROP	B	-0.97%
TXN	C	-0.97%
ADBE	C	-0.97%
ARM	D	-0.94%
PEP	F	-0.93%
NXPI	D	-0.93%
LRCX	F	-0.93%
AMAT	F	-0.93%
CSGP	D	-0.93%
QCOM	F	-0.93%
CCEP	C	-0.93%
ON	D	-0.92%
EXC	C	-0.91%
ADI	D	-0.9%
ROST	C	-0.89%
DLTR	F	-0.88%
GEHC	F	-0.88%
KHC	F	-0.87%
KDP	D	-0.86%
MELI	D	-0.86%
MDLZ	F	-0.85%
AMD	F	-0.85%
ASML	F	-0.84%
AMGN	D	-0.84%
KLAC	D	-0.82%
MCHP	D	-0.82%
AZN	D	-0.8%
IDXX	F	-0.8%
BIIB	F	-0.79%
CDW	F	-0.77%
REGN	F	-0.66%
MRNA	F	-0.58%
GOOG	C	-0.52%
SMCI	F	-0.38%