FELV vs. FDRR ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to Fidelity Dividend ETF for Rising Rates (FDRR)

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

$32.75

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

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

$53.41

Average Daily Volume

19,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FELV	FDRR
30 Days	4.38%	1.87%
60 Days	5.85%	4.38%
90 Days	7.57%	5.21%
12 Months	29.90%	31.25%

65 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in FDRR	Overlap
AAPL	C	0.19%	7.22%	0.19%
ABBV	D	0.85%	1.22%	0.85%
AEP	D	0.08%	0.27%	0.08%
AVGO	D	0.12%	2.56%	0.12%
BAC	A	1.77%	1.39%	1.39%
BBY	D	0.15%	0.67%	0.15%
BMY	B	0.84%	1.01%	0.84%
C	A	0.48%	0.95%	0.48%
CAT	B	0.54%	0.94%	0.54%
CCI	D	0.57%	0.25%	0.25%
CMCSA	B	1.13%	0.74%	0.74%
CME	A	0.57%	0.79%	0.57%
COP	C	0.56%	0.43%	0.43%
CSCO	B	1.07%	1.44%	1.07%
CVS	D	0.3%	0.65%	0.3%
CVX	A	0.53%	0.71%	0.53%
DELL	C	0.08%	1.47%	0.08%
DUK	C	0.28%	0.33%	0.28%
DVN	F	0.34%	0.21%	0.21%
EA	A	0.11%	0.61%	0.11%
EIX	B	0.17%	0.24%	0.17%
EOG	A	0.53%	0.36%	0.36%
EXC	C	0.24%	0.24%	0.24%
F	C	0.33%	0.58%	0.33%
GE	D	1.05%	0.96%	0.96%
GEV	B	0.28%	0.44%	0.28%
GLPI	C	0.05%	0.21%	0.05%
GS	A	0.34%	1.23%	0.34%
HD	A	0.45%	1.37%	0.45%
HON	B	0.08%	0.82%	0.08%
IBM	C	0.27%	1.34%	0.27%
IFF	D	0.08%	0.17%	0.08%
JNJ	D	1.02%	1.35%	1.02%
JPM	A	2.93%	2.11%	2.11%
LIN	D	0.46%	0.54%	0.46%
LMT	D	0.64%	0.79%	0.64%
LOW	D	0.07%	0.95%	0.07%
MCD	D	0.28%	0.91%	0.28%
MO	A	0.28%	0.68%	0.28%
MS	A	0.54%	1.2%	0.54%
NEE	D	0.81%	0.48%	0.48%
NEM	D	0.05%	0.24%	0.05%
NVDA	C	0.17%	8.35%	0.17%
NWSA	B	0.06%	0.55%	0.06%
PCAR	B	0.39%	0.62%	0.39%
PFE	D	0.85%	0.88%	0.85%
PG	A	1.24%	1.13%	1.13%
PM	B	1.31%	0.89%	0.89%
PNC	B	0.7%	0.97%	0.7%
PSA	D	0.52%	0.3%	0.3%
RTX	C	0.7%	0.92%	0.7%
SO	D	0.12%	0.36%	0.12%
SPG	B	0.18%	0.34%	0.18%
T	A	1.02%	0.88%	0.88%
TFC	A	0.24%	0.85%	0.24%
TJX	A	0.28%	0.91%	0.28%
TRGP	B	0.09%	0.49%	0.09%
TXN	C	0.16%	1.5%	0.16%
UNH	C	1.57%	1.79%	1.57%
UNP	C	0.75%	0.7%	0.7%
UPS	C	0.06%	0.62%	0.06%
VICI	C	0.25%	0.24%	0.24%
VZ	C	0.68%	0.78%	0.68%
WFC	A	1.22%	1.37%	1.22%
XOM	B	2.51%	1.09%	1.09%

FELV Overweight 267 Positions Relative to FDRR

Symbol	Grade	Weight
BRK.A	B	3.64%
WMT	A	1.76%
GILD	C	0.92%
SCHW	B	0.88%
MU	D	0.86%
INTC	D	0.85%
DIS	B	0.8%
PYPL	B	0.79%
ETN	A	0.76%
BDX	F	0.74%
TMO	F	0.73%
SQ	B	0.7%
RSG	A	0.66%
NOC	D	0.63%
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%
TMUS	B	0.56%
ABT	B	0.54%
CL	D	0.54%
ALLE	D	0.54%
TXT	D	0.53%
ZM	B	0.52%
TT	A	0.52%
ECL	D	0.5%
QCOM	F	0.5%
SSNC	B	0.5%
DD	D	0.48%
LDOS	C	0.47%
COF	B	0.47%
CACI	D	0.46%
LHX	C	0.45%
WAB	B	0.45%
CTAS	B	0.43%
DBX	B	0.42%
AMAT	F	0.42%
MDT	D	0.4%
PCG	A	0.39%
UNM	A	0.38%
MMC	B	0.38%
ADBE	C	0.37%
BLK	C	0.37%
IGT	F	0.36%
L	A	0.35%
PGR	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%
ACN	C	0.34%
NUE	C	0.34%
FTV	C	0.33%
LPX	B	0.33%
STLD	B	0.33%
ZBRA	B	0.32%
KR	B	0.31%
CAH	B	0.3%
TWLO	A	0.3%
BIIB	F	0.3%
FR	C	0.28%
VMC	B	0.28%
VEEV	C	0.28%
TOL	B	0.28%
MA	C	0.28%
GL	B	0.28%
TRV	B	0.28%
ANF	C	0.28%
TDC	D	0.27%
SYK	C	0.26%
AME	A	0.26%
WTW	B	0.26%
CLX	B	0.25%
GAP	C	0.25%
XEL	A	0.25%
SEE	C	0.25%
FLS	B	0.25%
WM	A	0.25%
KMI	A	0.24%
CNC	D	0.23%
CINF	A	0.22%
ED	D	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%
MSI	B	0.2%
EQIX	A	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%
ITT	A	0.18%
ICE	C	0.18%
TMHC	B	0.18%
ZG	A	0.18%
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%
EQR	B	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%
STT	A	0.15%
CNP	B	0.15%
ILMN	D	0.15%
JXN	C	0.15%
AMGN	D	0.15%
RCL	A	0.15%
OXY	D	0.15%
WDC	D	0.14%
KMB	D	0.14%
AMT	D	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	A	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%
ITW	B	0.12%
WMB	A	0.12%
EEFT	B	0.12%
HWM	A	0.12%
KHC	F	0.12%
UHS	D	0.12%
BLD	D	0.11%
AIZ	A	0.11%
QRVO	F	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	B	0.11%
GRMN	B	0.11%
ELV	F	0.11%
AMH	D	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%
ADP	B	0.1%
PEG	A	0.1%
MHO	D	0.1%
FANG	D	0.09%
A	D	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%
VRTX	F	0.09%
CRUS	D	0.09%
AMZN	C	0.08%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
LH	C	0.08%
BBWI	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%
EW	C	0.06%
LEG	F	0.06%
ARW	D	0.06%
VSTS	C	0.06%
MDLZ	F	0.06%
OGE	B	0.06%
NMRK	B	0.06%
DFS	B	0.05%
TRMB	B	0.05%
SAM	C	0.05%
CTRA	B	0.05%
FHI	A	0.05%
CW	B	0.05%
PLTK	B	0.05%
GIS	D	0.05%
AM	A	0.04%
ADI	D	0.04%
VLTO	D	0.04%
INGR	B	0.04%
VAC	B	0.04%
CSGP	D	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%
ROP	B	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 36 Positions Relative to FDRR

Symbol	Grade	Weight
MSFT	F	-6.6%
LLY	F	-1.82%
V	A	-1.56%
HPQ	B	-1.21%
BX	A	-1.09%
MRK	F	-0.97%
GM	B	-0.92%
USB	A	-0.86%
KO	D	-0.81%
SBUX	A	-0.79%
MAR	B	-0.75%
PEP	F	-0.74%
DE	A	-0.68%
TKO	B	-0.68%
FOXA	B	-0.67%
NKE	D	-0.56%
OMC	C	-0.53%
NYT	C	-0.5%
WMG	C	-0.42%
NXST	C	-0.42%
IPG	D	-0.4%
PLD	D	-0.35%
PARA	C	-0.34%
APD	A	-0.29%
D	C	-0.27%
FCX	D	-0.25%
OHI	C	-0.25%
IP	B	-0.24%
WY	D	-0.2%
WPC	D	-0.18%
DOW	F	-0.16%
AMCR	D	-0.16%
WBA	F	-0.15%
LYB	F	-0.15%
CIVI	D	-0.15%
MOS	F	-0.12%