FELC vs. PHEQ ETF Comparison

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

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

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	FELC	PHEQ
30 Days	3.27%	1.99%
60 Days	5.09%	3.02%
90 Days	6.09%	3.86%
12 Months	33.74%	16.61%

74 Overlapping Holdings

Symbol	Grade	Weight in FELC	Weight in PHEQ	Overlap
AAPL	C	7.38%	6.85%	6.85%
ABBV	D	1.02%	0.85%	0.85%
ABT	B	0.56%	0.6%	0.56%
ADBE	C	0.94%	0.48%	0.48%
AMGN	D	0.33%	0.45%	0.33%
AMZN	C	3.93%	4.1%	3.93%
AVGO	D	1.72%	1.71%	1.71%
AXP	A	0.31%	0.57%	0.31%
BAC	A	1.2%	0.98%	0.98%
BKNG	A	0.13%	0.39%	0.13%
BMY	B	0.75%	0.48%	0.48%
BRK.A	B	2.25%	1.42%	1.42%
CAT	B	0.57%	0.55%	0.55%
COST	B	0.31%	1.07%	0.31%
CRM	B	1.15%	0.63%	0.63%
CSCO	B	0.66%	0.79%	0.66%
CTAS	B	0.69%	0.42%	0.42%
CVX	A	0.01%	0.84%	0.01%
DASH	A	0.18%	0.13%	0.13%
DIS	B	0.65%	0.57%	0.57%
DVN	F	0.53%	0.17%	0.17%
GOOG	C	1.9%	1.9%	1.9%
GOOGL	C	2.05%	2.28%	2.05%
HD	A	1.29%	1.15%	1.15%
HWM	A	0.1%	0.36%	0.1%
JNJ	D	0.74%	1.04%	0.74%
JPM	A	1.94%	1.73%	1.73%
KLAC	D	0.63%	0.34%	0.34%
LLY	F	0.76%	1.39%	0.76%
LMT	D	0.71%	0.58%	0.58%
LPLA	A	0.03%	0.05%	0.03%
LRCX	F	0.44%	0.29%	0.29%
MA	C	1.36%	1.14%	1.14%
META	D	2.89%	2.66%	2.66%
MGM	D	0.3%	0.13%	0.13%
MKL	A	0.08%	0.23%	0.08%
MMM	D	0.13%	0.44%	0.13%
MRK	F	0.99%	0.69%	0.69%
MS	A	0.31%	0.39%	0.31%
MSFT	F	5.68%	6.55%	5.68%
MU	D	0.66%	0.31%	0.31%
NFLX	A	1.3%	0.8%	0.8%
NOW	A	0.55%	0.61%	0.55%
NVDA	C	7.39%	7.12%	7.12%
ORCL	B	0.05%	0.73%	0.05%
PEP	F	0.05%	0.72%	0.05%
PG	A	0.72%	1.09%	0.72%
PPG	F	0.3%	0.18%	0.18%
PYPL	B	0.34%	0.28%	0.28%
QCOM	F	0.88%	0.33%	0.33%
ROST	C	0.04%	0.32%	0.04%
RSG	A	0.24%	0.34%	0.24%
SCCO	F	0.05%	0.07%	0.05%
SCHW	B	0.8%	0.35%	0.35%
SQ	B	0.58%	0.12%	0.12%
SSNC	B	0.38%	0.21%	0.21%
STLD	B	0.06%	0.11%	0.06%
T	A	0.73%	0.68%	0.68%
TMO	F	0.33%	0.59%	0.33%
TMUS	B	0.31%	0.51%	0.31%
TRV	B	0.43%	0.39%	0.39%
TSLA	B	1.31%	1.91%	1.31%
UBER	D	0.14%	0.29%	0.14%
UNH	C	0.57%	1.37%	0.57%
UNP	C	0.76%	0.52%	0.52%
V	A	0.82%	1.28%	0.82%
VEEV	C	0.08%	0.1%	0.08%
WBD	C	0.01%	0.18%	0.01%
WDAY	B	0.16%	0.13%	0.13%
WFC	A	0.1%	0.67%	0.1%
WM	A	0.32%	0.44%	0.32%
WMT	A	1.14%	0.96%	0.96%
XOM	B	1.56%	1.4%	1.4%
ZM	B	0.51%	0.18%	0.18%

FELC Overweight 96 Positions Relative to PHEQ

Symbol	Grade	Weight
PM	B	0.94%
CMCSA	B	0.86%
NEE	D	0.84%
GILD	C	0.74%
PGR	A	0.74%
RTX	C	0.7%
AMAT	F	0.68%
ECL	D	0.63%
CI	F	0.63%
BDX	F	0.62%
NOC	D	0.6%
TJX	A	0.59%
SPG	B	0.59%
CVNA	B	0.55%
EOG	A	0.54%
CSX	B	0.54%
PCAR	B	0.52%
TXT	D	0.52%
DBX	B	0.52%
TT	A	0.52%
MSI	B	0.5%
CME	A	0.5%
CL	D	0.47%
IGT	F	0.46%
EXEL	B	0.45%
ANF	C	0.42%
PFE	D	0.42%
CACI	D	0.4%
GE	D	0.39%
NSC	B	0.38%
TDC	D	0.37%
AON	A	0.35%
CMG	B	0.35%
MSCI	C	0.33%
ALLE	D	0.33%
SPGI	C	0.31%
CAH	B	0.31%
TROW	B	0.31%
SEIC	B	0.3%
MMC	B	0.29%
INCY	C	0.28%
CCL	B	0.26%
CVS	D	0.25%
LDOS	C	0.24%
AMT	D	0.24%
SKYW	B	0.23%
GAP	C	0.22%
GRMN	B	0.22%
IDXX	F	0.22%
LHX	C	0.21%
LYFT	C	0.21%
GL	B	0.21%
MEDP	D	0.21%
ADP	B	0.2%
ALRM	C	0.2%
NUE	C	0.2%
OXY	D	0.19%
FTNT	C	0.15%
GS	A	0.15%
ED	D	0.15%
WTW	B	0.14%
TWLO	A	0.13%
UNM	A	0.12%
PNC	B	0.12%
VST	B	0.12%
QRVO	F	0.12%
NBIX	C	0.11%
NRG	B	0.11%
CLX	B	0.11%
ANET	C	0.11%
BK	A	0.11%
F	C	0.11%
BLD	D	0.11%
LNW	D	0.11%
BBWI	D	0.11%
BIIB	F	0.1%
PEGA	A	0.1%
PSA	D	0.09%
SOLV	C	0.09%
FR	C	0.08%
ZBRA	B	0.06%
MCK	B	0.06%
DHI	D	0.06%
VZ	C	0.06%
AXTA	A	0.05%
PLTK	B	0.04%
GEHC	F	0.04%
SYK	C	0.03%
KR	B	0.03%
SWKS	F	0.03%
A	D	0.03%
CRUS	D	0.03%
GPN	B	0.02%
C	A	0.02%
DOCU	A	0.02%
AES	F	0.01%

FELC Underweight 129 Positions Relative to PHEQ

Symbol	Grade	Weight
KO	D	-0.77%
LIN	D	-0.67%
TXN	C	-0.59%
ISRG	A	-0.58%
LOW	D	-0.57%
IBM	C	-0.56%
AMD	F	-0.51%
MDT	D	-0.51%
TRGP	B	-0.46%
KKR	A	-0.46%
DE	A	-0.44%
ETR	B	-0.4%
DAL	C	-0.39%
PRU	A	-0.37%
PLTR	B	-0.36%
VRTX	F	-0.36%
AVB	B	-0.35%
PPL	B	-0.34%
K	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
YUM	B	-0.33%
KMB	D	-0.33%
OTIS	C	-0.33%
HIG	B	-0.33%
EQR	B	-0.32%
EXR	D	-0.32%
BA	F	-0.32%
LH	C	-0.31%
CMS	C	-0.31%
BRO	B	-0.31%
HBAN	A	-0.31%
DTE	C	-0.31%
PANW	C	-0.3%
DRI	B	-0.3%
AEE	A	-0.3%
COR	B	-0.3%
PHM	D	-0.3%
APO	B	-0.3%
DOC	D	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
SYF	B	-0.27%
MAA	B	-0.27%
CFG	B	-0.26%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
FANG	D	-0.24%
NEM	D	-0.23%
ULTA	F	-0.23%
EXPD	D	-0.23%
LNG	B	-0.22%
LYB	F	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
REGN	F	-0.21%
ARE	D	-0.21%
AMCR	D	-0.21%
LULU	C	-0.21%
PFG	D	-0.2%
MSTR	C	-0.2%
ESS	B	-0.19%
SPOT	B	-0.19%
TTD	B	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
CAG	D	-0.17%
IFF	D	-0.16%
AKAM	D	-0.16%
HAL	C	-0.16%
ABNB	C	-0.15%
MOH	F	-0.14%
APTV	D	-0.14%
NDSN	B	-0.14%
HEI	B	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
DELL	C	-0.14%
HUBS	A	-0.14%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
RBLX	C	-0.12%
BAH	F	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
IBKR	A	-0.11%
VRT	B	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-0.08%
ZS	C	-0.08%
NET	B	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	C	-0.06%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
OKTA	C	-0.04%
WLK	D	-0.04%
BSY	D	-0.04%
RPRX	D	-0.04%
CPNG	D	-0.03%
PINS	D	-0.03%
SIRI	C	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%
MRNA	F	-0.01%