FELV vs. FQAL ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to Fidelity Quality Factor ETF (FQAL)

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

$32.77

Average Daily Volume

106,920

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

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

Grade (RS Rating)

Last Trade

$67.83

Average Daily Volume

29,436

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FELV	FQAL
30 Days	5.81%	3.79%
60 Days	6.22%	4.98%
90 Days	8.26%	7.36%
12 Months	30.69%	32.05%

63 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in FQAL	Overlap
AAPL	A	0.19%	6.62%	0.19%
ABBV	D	0.85%	1.2%	0.85%
ACN	B	0.34%	1.05%	0.34%
ADBE	C	0.37%	0.96%	0.37%
ADP	A	0.1%	0.64%	0.1%
AM	A	0.04%	0.19%	0.04%
AMAT	F	0.42%	0.78%	0.42%
AME	A	0.26%	0.52%	0.26%
AMT	D	0.14%	0.28%	0.14%
AVGO	D	0.12%	1.95%	0.12%
BMY	B	0.84%	1.04%	0.84%
CAT	B	0.54%	0.78%	0.54%
CEG	C	0.17%	0.4%	0.17%
CL	D	0.54%	0.36%	0.36%
CME	A	0.57%	0.85%	0.57%
COP	D	0.56%	0.4%	0.4%
CSX	B	0.34%	0.49%	0.34%
CTAS	A	0.43%	0.55%	0.43%
CVX	A	0.53%	0.67%	0.53%
ECL	D	0.5%	0.24%	0.24%
EOG	C	0.53%	0.32%	0.32%
EQR	A	0.17%	0.17%	0.17%
GILD	B	0.92%	1.0%	0.92%
GLPI	B	0.05%	0.14%	0.05%
GRMN	B	0.11%	0.85%	0.11%
HD	B	0.45%	1.51%	0.45%
ITW	A	0.12%	0.53%	0.12%
JNJ	D	1.02%	1.33%	1.02%
JXN	B	0.15%	0.73%	0.15%
KLAC	D	0.03%	0.65%	0.03%
KMB	C	0.14%	0.32%	0.14%
LIN	D	0.46%	0.52%	0.46%
LMT	D	0.64%	0.56%	0.56%
LOW	C	0.07%	0.98%	0.07%
MA	A	0.28%	1.45%	0.28%
MCD	D	0.28%	1.08%	0.28%
MDLZ	F	0.06%	0.37%	0.06%
MEDP	D	0.16%	0.61%	0.16%
META	D	0.21%	2.48%	0.21%
MMM	C	0.6%	0.49%	0.49%
MO	A	0.28%	0.44%	0.28%
MSCI	B	0.19%	0.73%	0.19%
NEE	D	0.81%	0.46%	0.46%
NFLX	B	0.19%	1.03%	0.19%
NUE	D	0.34%	0.19%	0.19%
NVDA	C	0.17%	7.09%	0.17%
PG	A	1.24%	1.0%	1.0%
PGR	A	0.35%	1.02%	0.35%
PM	A	1.31%	0.62%	0.62%
PSA	C	0.52%	0.23%	0.23%
QCOM	F	0.5%	0.88%	0.5%
SO	C	0.12%	0.35%	0.12%
SPG	A	0.18%	0.24%	0.18%
SPGI	B	0.63%	0.92%	0.63%
T	A	1.02%	0.57%	0.57%
UNP	C	0.75%	0.62%	0.62%
VEEV	B	0.28%	0.83%	0.28%
VICI	C	0.25%	0.18%	0.18%
VRTX	D	0.09%	0.81%	0.09%
VST	B	0.07%	0.48%	0.07%
VZ	B	0.68%	0.57%	0.57%
WMB	B	0.12%	0.35%	0.12%
XOM	C	2.51%	1.16%	1.16%

FELV Overweight 269 Positions Relative to FQAL

Symbol	Grade	Weight
BRK.A	B	3.64%
JPM	B	2.93%
BAC	A	1.77%
WMT	A	1.76%
UNH	B	1.57%
WFC	A	1.22%
CMCSA	C	1.13%
CSCO	A	1.07%
GE	C	1.05%
SCHW	A	0.88%
MU	D	0.86%
PFE	D	0.85%
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	C	0.7%
PNC	A	0.7%
RTX	D	0.7%
RSG	A	0.66%
NOC	D	0.63%
BK	A	0.63%
CVNA	B	0.62%
CI	D	0.6%
AON	A	0.59%
SEIC	A	0.58%
PPG	D	0.57%
CCI	D	0.57%
NSC	A	0.57%
TMUS	A	0.56%
ABT	B	0.54%
ALLE	D	0.54%
MS	C	0.54%
TXT	D	0.53%
ZM	B	0.52%
TT	A	0.52%
SSNC	A	0.5%
DD	D	0.48%
C	B	0.48%
LDOS	D	0.47%
COF	B	0.47%
CACI	D	0.46%
LHX	C	0.45%
WAB	A	0.45%
DBX	C	0.42%
MDT	D	0.4%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
MMC	A	0.38%
BLK	C	0.37%
IGT	F	0.36%
L	A	0.35%
EXEL	A	0.35%
TPH	C	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
GS	A	0.34%
DVN	F	0.34%
FTV	B	0.33%
LPX	B	0.33%
STLD	B	0.33%
F	C	0.33%
ZBRA	A	0.32%
KR	A	0.31%
CVS	D	0.3%
CAH	B	0.3%
TWLO	B	0.3%
BIIB	F	0.3%
FR	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
TOL	B	0.28%
GL	C	0.28%
TRV	B	0.28%
GEV	B	0.28%
ANF	C	0.28%
TJX	A	0.28%
IBM	C	0.27%
TDC	D	0.27%
SYK	B	0.26%
WTW	A	0.26%
CLX	C	0.25%
GAP	C	0.25%
XEL	A	0.25%
SEE	C	0.25%
FLS	A	0.25%
WM	A	0.25%
EXC	C	0.24%
KMI	B	0.24%
TFC	B	0.24%
CNC	F	0.23%
CINF	A	0.22%
ED	C	0.22%
Z	B	0.22%
DOCU	B	0.22%
OC	B	0.22%
CRM	B	0.22%
DOC	C	0.22%
INCY	B	0.22%
SKYW	A	0.21%
MGM	F	0.21%
HPE	B	0.21%
JCI	C	0.21%
AXP	A	0.2%
VMI	A	0.2%
MSI	B	0.2%
EQIX	A	0.2%
PNR	A	0.19%
DTE	C	0.19%
USFD	A	0.19%
FTI	A	0.19%
ALL	A	0.19%
BSX	B	0.19%
KEY	B	0.18%
ITT	B	0.18%
ICE	D	0.18%
TMHC	B	0.18%
ZG	B	0.18%
EIX	A	0.17%
DHR	D	0.17%
PRU	A	0.17%
IQV	D	0.17%
LNW	D	0.17%
MKL	A	0.17%
ACA	B	0.17%
GEHC	F	0.16%
TAP	C	0.16%
QGEN	D	0.16%
TXN	D	0.16%
CCK	D	0.16%
AES	F	0.16%
PFG	C	0.16%
BBY	D	0.15%
STT	A	0.15%
CNP	A	0.15%
ILMN	C	0.15%
AMGN	F	0.15%
RCL	A	0.15%
OXY	F	0.15%
WDC	C	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	A	0.13%
WDAY	C	0.13%
SWKS	D	0.13%
CCL	B	0.13%
ES	D	0.13%
TROW	A	0.13%
PH	A	0.12%
SOLV	C	0.12%
NTAP	B	0.12%
EEFT	B	0.12%
HWM	B	0.12%
KHC	D	0.12%
UHS	D	0.12%
BLD	D	0.11%
AIZ	A	0.11%
QRVO	F	0.11%
EA	B	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	B	0.11%
ELV	F	0.11%
AMH	C	0.11%
BMRN	D	0.11%
TPR	A	0.1%
ADTN	B	0.1%
ADM	D	0.1%
BKR	C	0.1%
CRC	B	0.1%
PEG	A	0.1%
MHO	C	0.1%
FANG	F	0.09%
A	D	0.09%
TRGP	B	0.09%
CNO	A	0.09%
MTDR	C	0.09%
WBD	C	0.09%
KD	A	0.09%
GPN	C	0.09%
ACT	C	0.09%
MCK	B	0.09%
CRUS	D	0.09%
AMZN	B	0.08%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
DELL	C	0.08%
LH	B	0.08%
HON	B	0.08%
BBWI	C	0.08%
IFF	D	0.08%
ALRM	C	0.08%
AEP	C	0.08%
CMG	B	0.07%
REG	A	0.07%
BYD	B	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	A	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%
NEM	F	0.05%
ADI	D	0.04%
VLTO	D	0.04%
INGR	B	0.04%
VAC	B	0.04%
CSGP	C	0.04%
HL	F	0.04%
CWEN	C	0.04%
BKH	B	0.04%
CTRE	D	0.04%
AXTA	B	0.03%
MSA	C	0.03%
SYF	A	0.03%
TFX	F	0.03%
UAL	B	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	C	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	B	0.01%
TGT	F	0.01%
FTDR	B	0.01%
MUR	F	0.01%
PHM	D	0.01%
CXT	B	0.01%
BLDR	D	0.01%
ROP	B	0.01%
DGX	B	0.01%
ANSS	B	0.01%
AXS	A	0.01%
SON	D	0.01%
GLW	B	0.01%
M	D	0.01%

FELV Underweight 61 Positions Relative to FQAL

Symbol	Grade	Weight
MSFT	C	-6.2%
GOOGL	C	-3.45%
LLY	D	-1.69%
V	A	-1.58%
BKNG	A	-1.23%
BX	B	-1.13%
COST	A	-1.05%
FICO	A	-0.97%
PANW	B	-0.93%
AMP	A	-0.92%
CPAY	A	-0.84%
ORLY	A	-0.83%
EWBC	B	-0.82%
WSM	B	-0.81%
ZTS	F	-0.8%
ABNB	C	-0.77%
CFR	B	-0.77%
MCO	A	-0.76%
AZO	B	-0.73%
CBSH	B	-0.72%
YUM	B	-0.72%
DPZ	B	-0.71%
KNSL	B	-0.69%
ACGL	D	-0.68%
LRCX	D	-0.68%
KO	D	-0.67%
QLYS	C	-0.66%
IDXX	F	-0.65%
MTD	D	-0.59%
GWW	A	-0.55%
FAST	A	-0.52%
CPRT	A	-0.52%
PAYX	B	-0.49%
TDG	D	-0.48%
VRSK	A	-0.47%
OTIS	C	-0.45%
ODFL	B	-0.45%
TTD	B	-0.44%
TPL	B	-0.39%
MNST	B	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	A	-0.29%
NRG	B	-0.27%
WEC	A	-0.26%
HSY	F	-0.25%
FCX	F	-0.24%
UGI	A	-0.22%
O	D	-0.21%
NFG	B	-0.21%
WHD	B	-0.19%
AVB	A	-0.19%
EXR	C	-0.19%
MLM	B	-0.19%
CF	B	-0.18%
RS	B	-0.17%
EXP	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
AVY	D	-0.15%
RGLD	C	-0.15%