FDRR vs. RPAR ETF Comparison

Comparison of Fidelity Dividend ETF for Rising Rates (FDRR) to RPAR Risk Parity ETF (RPAR)

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

$51.34

Average Daily Volume

21,251

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

RPAR

RPAR Risk Parity ETF

RPAR Description

The investment seeks generate positive returns during periods of economic growth, preserve capital during periods of economic contraction, and preserve real rates of return during periods of heightened inflation. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investing across a variety of asset classes, including exposure to global equity securities, U.S. Treasury securities, and commodities. It's investment adviser seeks to invest the fund's assets to achieve exposures similar to those of the Advanced Research Risk Parity Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.64

Average Daily Volume

41,597

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDRR	RPAR
30 Days	1.66%	2.76%
60 Days	5.19%	6.64%
90 Days	6.99%	8.01%
12 Months	31.89%	18.86%

8 Overlapping Holdings

Symbol	Grade	Weight in FDRR	Weight in RPAR	Overlap
COP	F	0.42%	0.29%	0.29%
CVX	F	0.67%	0.66%	0.66%
DE	A	0.7%	1.2%	0.7%
DVN	F	0.23%	0.06%	0.06%
EOG	D	0.34%	0.17%	0.17%
FCX	C	0.29%	0.49%	0.29%
MOS	F	0.12%	0.08%	0.08%
XOM	D	1.09%	1.25%	1.09%

FDRR Overweight 93 Positions Relative to RPAR

Symbol	Grade	Weight
NVDA	C	7.36%
AAPL	C	7.36%
MSFT	C	6.97%
AVGO	C	2.77%
LLY	D	2.36%
JPM	D	1.87%
UNH	C	1.79%
TXN	B	1.51%
ABBV	B	1.45%
IBM	B	1.45%
JNJ	C	1.45%
V	C	1.4%
HD	B	1.36%
CSCO	B	1.35%
DELL	C	1.3%
BAC	D	1.2%
MRK	F	1.18%
HPQ	C	1.18%
PG	C	1.17%
GS	B	1.07%
PFE	D	1.06%
GE	C	1.05%
WFC	D	1.02%
CAT	B	0.97%
KO	B	0.96%
MCD	B	0.96%
LOW	B	0.95%
BX	C	0.95%
MS	B	0.94%
RTX	B	0.94%
TJX	C	0.92%
BMY	C	0.92%
LMT	A	0.88%
PNC	C	0.88%
C	C	0.86%
T	B	0.85%
PM	C	0.84%
VZ	A	0.84%
PEP	D	0.81%
GM	C	0.8%
USB	C	0.79%
TFC	D	0.78%
CME	B	0.77%
BBY	A	0.76%
SBUX	C	0.76%
UNP	D	0.76%
HON	C	0.75%
CMCSA	C	0.72%
CVS	D	0.69%
MAR	B	0.67%
NKE	D	0.67%
TKO	A	0.67%
FOXA	B	0.64%
MO	C	0.63%
UPS	D	0.61%
LIN	B	0.59%
F	F	0.57%
PCAR	D	0.56%
OMC	B	0.56%
NYT	B	0.54%
NEE	B	0.54%
EA	D	0.54%
NWSA	D	0.53%
IPG	C	0.46%
NXST	D	0.45%
WMG	D	0.4%
TRGP	C	0.39%
PLD	C	0.39%
SO	B	0.38%
DUK	B	0.35%
GEV	B	0.35%
PARA	D	0.34%
PSA	C	0.33%
NEM	C	0.32%
SPG	B	0.32%
AEP	C	0.29%
D	C	0.28%
CCI	C	0.28%
OHI	C	0.27%
APD	B	0.27%
VICI	C	0.26%
EXC	B	0.25%
EIX	B	0.25%
WY	C	0.23%
GLPI	C	0.22%
WPC	C	0.21%
IP	C	0.21%
IFF	A	0.21%
DOW	C	0.2%
AMCR	B	0.18%
LYB	D	0.17%
CIVI	F	0.16%
WBA	F	0.15%

FDRR Underweight 28 Positions Relative to RPAR

Symbol	Grade	Weight
GLDM	B	-10.38%
BHP	C	-1.04%
RIO	B	-0.82%
SCCO	C	-0.63%
CTVA	B	-0.41%
TTE	D	-0.4%
VALE	C	-0.36%
FSLR	C	-0.3%
ECL	B	-0.26%
BP	F	-0.21%
EQNR	F	-0.17%
ENPH	D	-0.17%
CNH	C	-0.14%
CF	B	-0.14%
E	D	-0.12%
XYL	C	-0.12%
OXY	F	-0.11%
SQM	D	-0.1%
AWK	C	-0.1%
HES	F	-0.09%
TTC	F	-0.09%
AGCO	D	-0.08%
FMC	B	-0.08%
FANG	F	-0.07%
IEX	C	-0.06%
EQT	C	-0.05%
CTRA	F	-0.04%
EC	F	-0.04%