FDRR vs. FQAL ETF Comparison

Comparison of Fidelity Dividend ETF for Rising Rates (FDRR) to Fidelity Quality Factor ETF (FQAL)

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$53.29

Average Daily Volume

19,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FDRR	FQAL
30 Days	1.87%	2.60%
60 Days	4.38%	4.35%
90 Days	5.21%	5.86%
12 Months	31.25%	30.56%

36 Overlapping Holdings

Symbol	Grade	Weight in FDRR	Weight in FQAL	Overlap
AAPL	C	7.22%	6.62%	6.62%
ABBV	D	1.22%	1.14%	1.14%
AVGO	D	2.56%	2.0%	2.0%
BMY	B	1.01%	1.02%	1.01%
BX	A	1.09%	1.05%	1.05%
CAT	B	0.94%	0.77%	0.77%
CME	A	0.79%	0.85%	0.79%
COP	C	0.43%	0.41%	0.41%
CVX	A	0.71%	0.68%	0.68%
EOG	A	0.36%	0.32%	0.32%
FCX	D	0.25%	0.24%	0.24%
GLPI	C	0.21%	0.14%	0.14%
HD	A	1.37%	1.5%	1.37%
JNJ	D	1.35%	1.35%	1.35%
KO	D	0.81%	0.66%	0.66%
LIN	D	0.54%	0.52%	0.52%
LLY	F	1.82%	1.72%	1.72%
LMT	D	0.79%	0.56%	0.56%
LOW	D	0.95%	1.02%	0.95%
MCD	D	0.91%	1.11%	0.91%
MO	A	0.68%	0.44%	0.44%
MSFT	F	6.6%	6.3%	6.3%
NEE	D	0.48%	0.47%	0.47%
NVDA	C	8.35%	7.24%	7.24%
PG	A	1.13%	0.98%	0.98%
PLD	D	0.35%	0.3%	0.3%
PM	B	0.89%	0.63%	0.63%
PSA	D	0.3%	0.23%	0.23%
SO	D	0.36%	0.36%	0.36%
SPG	B	0.34%	0.25%	0.25%
T	A	0.88%	0.57%	0.57%
UNP	C	0.7%	0.61%	0.61%
V	A	1.56%	1.61%	1.56%
VICI	C	0.24%	0.18%	0.18%
VZ	C	0.78%	0.56%	0.56%
XOM	B	1.09%	1.16%	1.09%

FDRR Overweight 65 Positions Relative to FQAL

Symbol	Grade	Weight
JPM	A	2.11%
UNH	C	1.79%
TXN	C	1.5%
DELL	C	1.47%
CSCO	B	1.44%
BAC	A	1.39%
WFC	A	1.37%
IBM	C	1.34%
GS	A	1.23%
HPQ	B	1.21%
MS	A	1.2%
PNC	B	0.97%
MRK	F	0.97%
GE	D	0.96%
C	A	0.95%
GM	B	0.92%
RTX	C	0.92%
TJX	A	0.91%
PFE	D	0.88%
USB	A	0.86%
TFC	A	0.85%
HON	B	0.82%
SBUX	A	0.79%
MAR	B	0.75%
CMCSA	B	0.74%
PEP	F	0.74%
DE	A	0.68%
TKO	B	0.68%
BBY	D	0.67%
FOXA	B	0.67%
CVS	D	0.65%
PCAR	B	0.62%
UPS	C	0.62%
EA	A	0.61%
F	C	0.58%
NKE	D	0.56%
NWSA	B	0.55%
OMC	C	0.53%
NYT	C	0.5%
TRGP	B	0.49%
GEV	B	0.44%
WMG	C	0.42%
NXST	C	0.42%
IPG	D	0.4%
PARA	C	0.34%
DUK	C	0.33%
APD	A	0.29%
D	C	0.27%
AEP	D	0.27%
CCI	D	0.25%
OHI	C	0.25%
NEM	D	0.24%
EXC	C	0.24%
EIX	B	0.24%
IP	B	0.24%
DVN	F	0.21%
WY	D	0.2%
WPC	D	0.18%
IFF	D	0.17%
DOW	F	0.16%
AMCR	D	0.16%
WBA	F	0.15%
LYB	F	0.15%
CIVI	D	0.15%
MOS	F	0.12%

FDRR Underweight 88 Positions Relative to FQAL

Symbol	Grade	Weight
GOOGL	C	-3.69%
META	D	-2.51%
MA	C	-1.48%
BKNG	A	-1.21%
ACN	C	-1.05%
COST	B	-1.01%
PGR	A	-1.0%
GILD	C	-1.0%
ADBE	C	-0.97%
NFLX	A	-0.97%
FICO	B	-0.96%
PANW	C	-0.96%
AMP	A	-0.92%
SPGI	C	-0.92%
QCOM	F	-0.91%
VRTX	F	-0.86%
GRMN	B	-0.86%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CFR	B	-0.77%
AMAT	F	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
LRCX	F	-0.67%
IDXX	F	-0.67%
KNSL	B	-0.65%
QLYS	C	-0.64%
ADP	B	-0.64%
KLAC	D	-0.64%
WSM	B	-0.63%
MTD	D	-0.58%
MEDP	D	-0.57%
CTAS	B	-0.55%
GWW	B	-0.55%
ITW	B	-0.54%
FAST	B	-0.53%
AME	A	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
PAYX	C	-0.49%
CPRT	A	-0.48%
VRSK	A	-0.46%
OTIS	C	-0.45%
ODFL	B	-0.45%
VST	B	-0.43%
TTD	B	-0.41%
MDLZ	F	-0.38%
CL	D	-0.36%
CEG	D	-0.36%
WMB	A	-0.34%
MNST	C	-0.31%
KMB	D	-0.31%
TPL	A	-0.31%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
AMT	D	-0.27%
WEC	A	-0.26%
HSY	F	-0.25%
ECL	D	-0.24%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
AVB	B	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%