FELC vs. FHEQ ETF Comparison

Comparison of Fidelity Enhanced Large Cap Core ETF (FELC) to Fidelity Hedged Equity ETF (FHEQ)

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	FELC	FHEQ
30 Days	3.27%	2.51%
60 Days	5.09%	3.80%
90 Days	6.09%	4.54%
12 Months	33.74%

147 Overlapping Holdings

Symbol	Grade	Weight in FELC	Weight in FHEQ	Overlap
AAPL	C	7.38%	7.31%	7.31%
ABBV	D	1.02%	1.0%	1.0%
ADBE	C	0.94%	0.93%	0.93%
ADP	B	0.2%	0.16%	0.16%
ALLE	D	0.33%	0.44%	0.33%
ALRM	C	0.2%	0.4%	0.2%
AMAT	F	0.68%	0.7%	0.68%
AMGN	D	0.33%	0.24%	0.24%
AMT	D	0.24%	0.24%	0.24%
AMZN	C	3.93%	3.64%	3.64%
ANET	C	0.11%	0.08%	0.08%
ANF	C	0.42%	0.33%	0.33%
AVGO	D	1.72%	1.49%	1.49%
AXP	A	0.31%	0.43%	0.31%
BAC	A	1.2%	1.17%	1.17%
BBWI	D	0.11%	0.11%	0.11%
BDX	F	0.62%	0.59%	0.59%
BIIB	F	0.1%	0.21%	0.1%
BK	A	0.11%	0.36%	0.11%
BLD	D	0.11%	0.05%	0.05%
BMY	B	0.75%	0.68%	0.68%
BRK.A	B	2.25%	2.19%	2.19%
C	A	0.02%	0.54%	0.02%
CACI	D	0.4%	0.3%	0.3%
CAH	B	0.31%	0.4%	0.31%
CAT	B	0.57%	0.48%	0.48%
CI	F	0.63%	0.63%	0.63%
CL	D	0.47%	0.58%	0.47%
CLX	B	0.11%	0.2%	0.11%
CMCSA	B	0.86%	0.83%	0.83%
CME	A	0.5%	0.37%	0.37%
CMG	B	0.35%	0.49%	0.35%
COST	B	0.31%	0.45%	0.31%
CRM	B	1.15%	1.09%	1.09%
CRUS	D	0.03%	0.06%	0.03%
CSCO	B	0.66%	0.79%	0.66%
CSX	B	0.54%	0.43%	0.43%
CTAS	B	0.69%	0.66%	0.66%
CVNA	B	0.55%	0.52%	0.52%
CVS	D	0.25%	0.22%	0.22%
CVX	A	0.01%	0.02%	0.01%
DASH	A	0.18%	0.12%	0.12%
DBX	B	0.52%	0.51%	0.51%
DIS	B	0.65%	0.57%	0.57%
DOCU	A	0.02%	0.18%	0.02%
DVN	F	0.53%	0.53%	0.53%
ECL	D	0.63%	0.62%	0.62%
EOG	A	0.54%	0.43%	0.43%
EXEL	B	0.45%	0.43%	0.43%
F	C	0.11%	0.15%	0.11%
FTNT	C	0.15%	0.24%	0.15%
GAP	C	0.22%	0.18%	0.18%
GE	D	0.39%	0.45%	0.39%
GEHC	F	0.04%	0.17%	0.04%
GILD	C	0.74%	0.73%	0.73%
GL	B	0.21%	0.2%	0.2%
GOOG	C	1.9%	1.74%	1.74%
GOOGL	C	2.05%	2.02%	2.02%
GRMN	B	0.22%	0.31%	0.22%
HD	A	1.29%	1.32%	1.29%
HWM	A	0.1%	0.27%	0.1%
IDXX	F	0.22%	0.26%	0.22%
IGT	F	0.46%	0.45%	0.45%
INCY	C	0.28%	0.27%	0.27%
JNJ	D	0.74%	0.61%	0.61%
JPM	A	1.94%	1.82%	1.82%
KLAC	D	0.63%	0.54%	0.54%
KR	B	0.03%	0.11%	0.03%
LDOS	C	0.24%	0.32%	0.24%
LHX	C	0.21%	0.23%	0.21%
LLY	F	0.76%	0.76%	0.76%
LMT	D	0.71%	0.69%	0.69%
LNW	D	0.11%	0.17%	0.11%
LPLA	A	0.03%	0.03%	0.03%
LRCX	F	0.44%	0.23%	0.23%
LYFT	C	0.21%	0.06%	0.06%
MA	C	1.36%	1.34%	1.34%
MEDP	D	0.21%	0.31%	0.21%
META	D	2.89%	2.87%	2.87%
MGM	D	0.3%	0.22%	0.22%
MKL	A	0.08%	0.09%	0.08%
MMC	B	0.29%	0.52%	0.29%
MMM	D	0.13%	0.22%	0.13%
MRK	F	0.99%	0.69%	0.69%
MS	A	0.31%	0.16%	0.16%
MSCI	C	0.33%	0.49%	0.33%
MSFT	F	5.68%	5.64%	5.64%
MSI	B	0.5%	0.26%	0.26%
MU	D	0.66%	0.47%	0.47%
NBIX	C	0.11%	0.11%	0.11%
NEE	D	0.84%	0.73%	0.73%
NFLX	A	1.3%	1.26%	1.26%
NOC	D	0.6%	0.56%	0.56%
NOW	A	0.55%	0.34%	0.34%
NSC	B	0.38%	0.26%	0.26%
NUE	C	0.2%	0.32%	0.2%
NVDA	C	7.39%	7.27%	7.27%
ORCL	B	0.05%	0.04%	0.04%
PCAR	B	0.52%	0.42%	0.42%
PEGA	A	0.1%	0.16%	0.1%
PFE	D	0.42%	0.56%	0.42%
PG	A	0.72%	0.87%	0.72%
PGR	A	0.74%	0.63%	0.63%
PLTK	B	0.04%	0.1%	0.04%
PM	B	0.94%	0.92%	0.92%
PPG	F	0.3%	0.34%	0.3%
PSA	D	0.09%	0.19%	0.09%
PYPL	B	0.34%	0.54%	0.34%
QCOM	F	0.88%	0.84%	0.84%
QRVO	F	0.12%	0.11%	0.11%
ROST	C	0.04%	0.1%	0.04%
RSG	A	0.24%	0.2%	0.2%
RTX	C	0.7%	0.44%	0.44%
SCCO	F	0.05%	0.04%	0.04%
SCHW	B	0.8%	0.56%	0.56%
SEIC	B	0.3%	0.54%	0.3%
SKYW	B	0.23%	0.29%	0.23%
SOLV	C	0.09%	0.12%	0.09%
SPG	B	0.59%	0.16%	0.16%
SPGI	C	0.31%	0.28%	0.28%
SQ	B	0.58%	0.59%	0.58%
T	A	0.73%	0.67%	0.67%
TDC	D	0.37%	0.35%	0.35%
TJX	A	0.59%	0.73%	0.59%
TMO	F	0.33%	0.26%	0.26%
TMUS	B	0.31%	0.29%	0.29%
TROW	B	0.31%	0.23%	0.23%
TRV	B	0.43%	0.49%	0.43%
TSLA	B	1.31%	1.26%	1.26%
TT	A	0.52%	0.69%	0.52%
TWLO	A	0.13%	0.02%	0.02%
TXT	D	0.52%	0.51%	0.51%
UBER	D	0.14%	0.14%	0.14%
UNH	C	0.57%	0.57%	0.57%
UNM	A	0.12%	0.01%	0.01%
UNP	C	0.76%	0.73%	0.73%
V	A	0.82%	0.47%	0.47%
VEEV	C	0.08%	0.12%	0.08%
VST	B	0.12%	0.11%	0.11%
VZ	C	0.06%	0.18%	0.06%
WDAY	B	0.16%	0.16%	0.16%
WFC	A	0.1%	0.15%	0.1%
WM	A	0.32%	0.38%	0.32%
WMT	A	1.14%	0.8%	0.8%
XOM	B	1.56%	1.54%	1.54%
ZBRA	B	0.06%	0.47%	0.06%
ZM	B	0.51%	0.52%	0.51%

FELC Overweight 23 Positions Relative to FHEQ

Symbol	Grade	Weight
ABT	B	0.56%
SSNC	B	0.38%
AON	A	0.35%
CCL	B	0.26%
OXY	D	0.19%
GS	A	0.15%
ED	D	0.15%
WTW	B	0.14%
BKNG	A	0.13%
PNC	B	0.12%
NRG	B	0.11%
FR	C	0.08%
MCK	B	0.06%
DHI	D	0.06%
STLD	B	0.06%
AXTA	A	0.05%
PEP	F	0.05%
SYK	C	0.03%
SWKS	F	0.03%
A	D	0.03%
GPN	B	0.02%
WBD	C	0.01%
AES	F	0.01%

FELC Underweight 21 Positions Relative to FHEQ

Symbol	Grade	Weight
BLK	C	-0.23%
AME	A	-0.22%
XEL	A	-0.21%
HLT	A	-0.18%
FTI	A	-0.17%
TPH	D	-0.15%
ETN	A	-0.15%
GEN	B	-0.13%
CINF	A	-0.12%
BAH	F	-0.09%
DOC	D	-0.08%
ALL	A	-0.07%
BCC	B	-0.07%
MDLZ	F	-0.07%
L	A	-0.07%
TENB	C	-0.06%
UTHR	C	-0.05%
QGEN	D	-0.04%
MHO	D	-0.02%
NWL	B	-0.01%
OGE	B	-0.01%