FELV vs. FDLO ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to Fidelity Low Volatility Factor ETF (FDLO)

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. 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

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

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

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FELV	FDLO
30 Days	4.38%	0.81%
60 Days	5.85%	1.49%
90 Days	7.57%	4.05%
12 Months	29.90%	21.68%

75 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in FDLO	Overlap
AAPL	C	0.19%	7.26%	0.19%
ABBV	D	0.85%	0.98%	0.85%
ABT	B	0.54%	0.9%	0.54%
ACN	C	0.34%	1.6%	0.34%
ADP	B	0.1%	0.66%	0.1%
AEP	D	0.08%	0.28%	0.08%
AIZ	A	0.11%	0.61%	0.11%
AMGN	D	0.15%	0.71%	0.15%
AMH	D	0.11%	0.16%	0.11%
AMT	D	0.14%	0.29%	0.14%
AMZN	C	0.08%	3.92%	0.08%
BDX	F	0.74%	0.6%	0.6%
BRK.A	B	3.64%	2.13%	2.13%
CCI	D	0.57%	0.21%	0.21%
CL	D	0.54%	0.35%	0.35%
CMCSA	B	1.13%	0.95%	0.95%
CME	A	0.57%	0.69%	0.57%
COP	C	0.56%	0.41%	0.41%
CSCO	B	1.07%	1.77%	1.07%
CSGP	D	0.04%	0.18%	0.04%
CTRA	B	0.05%	0.19%	0.05%
CVX	A	0.53%	0.69%	0.53%
DUK	C	0.28%	0.35%	0.28%
EA	A	0.11%	0.72%	0.11%
ECL	D	0.5%	0.24%	0.24%
ED	D	0.22%	0.25%	0.22%
EOG	A	0.53%	0.32%	0.32%
EQIX	A	0.2%	0.31%	0.2%
EQR	B	0.17%	0.18%	0.17%
ETN	A	0.76%	0.72%	0.72%
GD	F	0.14%	0.49%	0.14%
GIS	D	0.05%	0.28%	0.05%
GRMN	B	0.11%	0.51%	0.11%
HD	A	0.45%	1.19%	0.45%
HON	B	0.08%	0.7%	0.08%
IBM	C	0.27%	1.54%	0.27%
ITW	B	0.12%	0.56%	0.12%
JNJ	D	1.02%	1.18%	1.02%
JPM	A	2.93%	1.89%	1.89%
KMB	D	0.14%	0.3%	0.14%
KMI	A	0.24%	0.3%	0.24%
LHX	C	0.45%	0.49%	0.45%
LIN	D	0.46%	0.53%	0.46%
LMT	D	0.64%	0.58%	0.58%
LOW	D	0.07%	0.71%	0.07%
MA	C	0.28%	1.34%	0.28%
MCD	D	0.28%	0.8%	0.28%
MDLZ	F	0.06%	0.37%	0.06%
MMC	B	0.38%	0.67%	0.38%
MSI	B	0.2%	1.49%	0.2%
NOC	D	0.63%	0.5%	0.5%
PG	A	1.24%	0.99%	0.99%
PGR	A	0.35%	0.84%	0.35%
PKG	A	0.13%	0.19%	0.13%
PM	B	1.31%	0.62%	0.62%
PSA	D	0.52%	0.25%	0.25%
ROP	B	0.01%	1.21%	0.01%
RSG	A	0.66%	0.47%	0.47%
SO	D	0.12%	0.37%	0.12%
T	A	1.02%	0.99%	0.99%
TJX	A	0.28%	0.65%	0.28%
TMO	F	0.73%	0.78%	0.73%
TMUS	B	0.56%	0.97%	0.56%
TRV	B	0.28%	0.69%	0.28%
TXN	C	0.16%	1.48%	0.16%
UNH	C	1.57%	1.55%	1.55%
UNP	C	0.75%	0.63%	0.63%
VMC	B	0.28%	0.2%	0.2%
VRTX	F	0.09%	0.69%	0.09%
VZ	C	0.68%	0.93%	0.68%
WM	A	0.25%	0.55%	0.25%
WMB	A	0.12%	0.34%	0.12%
WMT	A	1.76%	0.95%	0.95%
XEL	A	0.25%	0.3%	0.25%
XOM	B	2.51%	1.17%	1.17%

FELV Overweight 257 Positions Relative to FDLO

Symbol	Grade	Weight
BAC	A	1.77%
WFC	A	1.22%
GE	D	1.05%
GILD	C	0.92%
SCHW	B	0.88%
MU	D	0.86%
PFE	D	0.85%
INTC	D	0.85%
BMY	B	0.84%
NEE	D	0.81%
DIS	B	0.8%
PYPL	B	0.79%
SQ	B	0.7%
PNC	B	0.7%
RTX	C	0.7%
SPGI	C	0.63%
BK	A	0.63%
CVNA	B	0.62%
MMM	D	0.6%
CI	F	0.6%
AON	A	0.59%
SEIC	B	0.58%
PPG	F	0.57%
NSC	B	0.57%
CAT	B	0.54%
ALLE	D	0.54%
MS	A	0.54%
TXT	D	0.53%
ZM	B	0.52%
TT	A	0.52%
QCOM	F	0.5%
SSNC	B	0.5%
DD	D	0.48%
C	A	0.48%
LDOS	C	0.47%
COF	B	0.47%
CACI	D	0.46%
WAB	B	0.45%
CTAS	B	0.43%
DBX	B	0.42%
AMAT	F	0.42%
MDT	D	0.4%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
ADBE	C	0.37%
BLK	C	0.37%
IGT	F	0.36%
L	A	0.35%
EXEL	B	0.35%
TPH	D	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
CSX	B	0.34%
NUE	C	0.34%
GS	A	0.34%
DVN	F	0.34%
FTV	C	0.33%
LPX	B	0.33%
STLD	B	0.33%
F	C	0.33%
ZBRA	B	0.32%
KR	B	0.31%
CVS	D	0.3%
CAH	B	0.3%
TWLO	A	0.3%
BIIB	F	0.3%
FR	C	0.28%
VEEV	C	0.28%
MO	A	0.28%
TOL	B	0.28%
GL	B	0.28%
GEV	B	0.28%
ANF	C	0.28%
TDC	D	0.27%
SYK	C	0.26%
AME	A	0.26%
WTW	B	0.26%
VICI	C	0.25%
CLX	B	0.25%
GAP	C	0.25%
SEE	C	0.25%
FLS	B	0.25%
EXC	C	0.24%
TFC	A	0.24%
CNC	D	0.23%
CINF	A	0.22%
Z	A	0.22%
DOCU	A	0.22%
OC	A	0.22%
CRM	B	0.22%
DOC	D	0.22%
INCY	C	0.22%
SKYW	B	0.21%
MGM	D	0.21%
META	D	0.21%
HPE	B	0.21%
JCI	C	0.21%
AXP	A	0.2%
VMI	B	0.2%
PNR	A	0.19%
NFLX	A	0.19%
DTE	C	0.19%
USFD	A	0.19%
FTI	A	0.19%
ALL	A	0.19%
BSX	B	0.19%
MSCI	C	0.19%
KEY	B	0.18%
SPG	B	0.18%
ITT	A	0.18%
ICE	C	0.18%
TMHC	B	0.18%
ZG	A	0.18%
EIX	B	0.17%
NVDA	C	0.17%
DHR	F	0.17%
PRU	A	0.17%
IQV	D	0.17%
LNW	D	0.17%
MKL	A	0.17%
ACA	A	0.17%
CEG	D	0.17%
GEHC	F	0.16%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	D	0.16%
CCK	C	0.16%
AES	F	0.16%
PFG	D	0.16%
BBY	D	0.15%
STT	A	0.15%
CNP	B	0.15%
ILMN	D	0.15%
JXN	C	0.15%
RCL	A	0.15%
OXY	D	0.15%
WDC	D	0.14%
HUM	C	0.14%
HAL	C	0.13%
WDAY	B	0.13%
SWKS	F	0.13%
CCL	B	0.13%
ES	D	0.13%
TROW	B	0.13%
PH	A	0.12%
SOLV	C	0.12%
NTAP	C	0.12%
AVGO	D	0.12%
EEFT	B	0.12%
HWM	A	0.12%
KHC	F	0.12%
UHS	D	0.12%
BLD	D	0.11%
QRVO	F	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	B	0.11%
ELV	F	0.11%
BMRN	D	0.11%
TPR	B	0.1%
ADTN	A	0.1%
ADM	D	0.1%
BKR	B	0.1%
CRC	B	0.1%
PEG	A	0.1%
MHO	D	0.1%
FANG	D	0.09%
A	D	0.09%
TRGP	B	0.09%
CNO	A	0.09%
MTDR	B	0.09%
WBD	C	0.09%
KD	B	0.09%
GPN	B	0.09%
ACT	D	0.09%
MCK	B	0.09%
CRUS	D	0.09%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
DELL	C	0.08%
LH	C	0.08%
BBWI	D	0.08%
IFF	D	0.08%
ALRM	C	0.08%
VST	B	0.07%
CMG	B	0.07%
REG	B	0.07%
BYD	C	0.07%
LYFT	C	0.07%
WCC	B	0.07%
NWL	B	0.06%
NWSA	B	0.06%
EW	C	0.06%
UPS	C	0.06%
LEG	F	0.06%
ARW	D	0.06%
VSTS	C	0.06%
OGE	B	0.06%
NMRK	B	0.06%
DFS	B	0.05%
TRMB	B	0.05%
SAM	C	0.05%
FHI	A	0.05%
GLPI	C	0.05%
CW	B	0.05%
PLTK	B	0.05%
NEM	D	0.05%
AM	A	0.04%
ADI	D	0.04%
VLTO	D	0.04%
INGR	B	0.04%
VAC	B	0.04%
HL	D	0.04%
CWEN	C	0.04%
BKH	A	0.04%
CTRE	D	0.04%
AXTA	A	0.03%
MSA	D	0.03%
SYF	B	0.03%
TFX	F	0.03%
KLAC	D	0.03%
UAL	A	0.03%
RGA	A	0.03%
EXTR	B	0.03%
WS	B	0.03%
RJF	A	0.03%
ALKS	B	0.03%
DHI	D	0.03%
NWS	B	0.03%
MATX	C	0.03%
AMD	F	0.02%
CWEN	C	0.02%
AYI	B	0.02%
SWI	B	0.02%
OKTA	C	0.02%
OGN	D	0.02%
BERY	B	0.02%
ITRI	B	0.02%
BIO	D	0.02%
WOOF	D	0.02%
MWA	B	0.01%
TNL	A	0.01%
TGT	F	0.01%
FTDR	A	0.01%
MUR	D	0.01%
PHM	D	0.01%
CXT	B	0.01%
BLDR	D	0.01%
DGX	A	0.01%
ANSS	B	0.01%
AXS	A	0.01%
SON	D	0.01%
GLW	B	0.01%
M	D	0.01%

FELV Underweight 50 Positions Relative to FDLO

Symbol	Grade	Weight
MSFT	F	-6.93%
GOOGL	C	-4.12%
ORCL	B	-2.01%
LLY	F	-1.57%
V	A	-1.47%
TYL	B	-1.19%
VRSN	F	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
MRK	F	-0.88%
CB	C	-0.72%
SBUX	A	-0.7%
KO	D	-0.66%
PEP	F	-0.62%
AJG	B	-0.61%
FDS	B	-0.59%
WRB	A	-0.56%
NKE	D	-0.56%
CBOE	B	-0.55%
FAST	B	-0.54%
ORLY	B	-0.53%
JKHY	D	-0.51%
PAYX	C	-0.51%
REGN	F	-0.5%
OTIS	C	-0.47%
AZO	C	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
BAH	F	-0.43%
J	F	-0.39%
FCN	D	-0.34%
SHW	A	-0.3%
HII	D	-0.29%
LNG	B	-0.28%
WEC	A	-0.27%
APD	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
CMS	C	-0.24%
HSY	F	-0.24%
DTM	B	-0.23%
O	D	-0.22%
CTVA	C	-0.2%
MLM	B	-0.19%
MAA	B	-0.18%
ADC	B	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%
AVY	D	-0.14%