FELV vs. GMOV ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to GMO US Value ETF (GMOV)

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

GMOV

GMO US Value ETF

GMOV Description

GMOV aims for total return by investing in undervalued securities within the US stock market. The fund employs a combination of proprietary quantitative analysis and historical comparisons to evaluate stocks based on key financial indicators, such as asset valuation, cash flow, and future earnings potential. This evaluation process supports informed decisions about position sizes and sector allocations, while also integrating ESG criteria to avoid industries like cluster munitions and thermal coal. GMOV maintains a focus on US companies, ensuring at least 80% of its assets are linked to this market, which allows for potential concentration in specific sectors. To enhance liquidity, the fund can invest in the GMO US Treasury Fund and other money market instruments, enabling adjustments to market conditions.

Grade (RS Rating)

Last Trade

$25.86

Average Daily Volume

31,420

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	FELV	GMOV
30 Days	4.38%
60 Days	5.85%
90 Days	7.57%
12 Months	29.90%

67 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in GMOV	Overlap
ADM	D	0.1%	0.76%	0.1%
ALL	A	0.19%	0.19%	0.19%
ARW	D	0.06%	0.54%	0.06%
AXP	A	0.2%	0.06%	0.06%
BAC	A	1.77%	3.0%	1.77%
BBY	D	0.15%	0.76%	0.15%
BCC	B	0.11%	0.05%	0.05%
BK	A	0.63%	1.24%	0.63%
C	A	0.48%	1.86%	0.48%
CI	F	0.6%	1.96%	0.6%
CMCSA	B	1.13%	1.9%	1.13%
CMI	A	0.34%	1.41%	0.34%
CNC	D	0.23%	0.76%	0.23%
COF	B	0.47%	1.11%	0.47%
CSCO	B	1.07%	2.63%	1.07%
CVS	D	0.3%	1.14%	0.3%
CVX	A	0.53%	2.76%	0.53%
DFS	B	0.05%	0.94%	0.05%
ELV	F	0.11%	1.36%	0.11%
EOG	A	0.53%	1.18%	0.53%
EXEL	B	0.35%	0.36%	0.35%
F	C	0.33%	0.89%	0.33%
FHI	A	0.05%	0.3%	0.05%
GIS	D	0.05%	0.83%	0.05%
GS	A	0.34%	2.16%	0.34%
HPE	B	0.21%	1.32%	0.21%
HUM	C	0.14%	0.68%	0.14%
IBM	C	0.27%	2.25%	0.27%
INCY	C	0.22%	0.43%	0.22%
INGR	B	0.04%	0.26%	0.04%
INTC	D	0.85%	1.2%	0.85%
JNJ	D	1.02%	3.45%	1.02%
JPM	A	2.93%	3.07%	2.93%
JXN	C	0.15%	0.25%	0.15%
KHC	F	0.12%	0.78%	0.12%
KMB	D	0.14%	0.14%	0.14%
KR	B	0.31%	0.91%	0.31%
M	D	0.01%	0.08%	0.01%
MATX	C	0.03%	0.06%	0.03%
MDT	D	0.4%	1.13%	0.4%
META	D	0.21%	2.43%	0.21%
MS	A	0.54%	0.77%	0.54%
NUE	C	0.34%	0.56%	0.34%
OC	A	0.22%	0.18%	0.18%
PCAR	B	0.39%	0.89%	0.39%
PFE	D	0.85%	2.1%	0.85%
PG	A	1.24%	0.3%	0.3%
PHM	D	0.01%	0.25%	0.01%
PPG	F	0.57%	0.28%	0.28%
PYPL	B	0.79%	0.92%	0.79%
QCOM	F	0.5%	0.86%	0.5%
SEE	C	0.25%	0.06%	0.06%
SOLV	C	0.12%	1.0%	0.12%
STLD	B	0.33%	0.64%	0.33%
STT	A	0.15%	0.89%	0.15%
SWKS	F	0.13%	0.68%	0.13%
SYF	B	0.03%	0.84%	0.03%
TAP	C	0.16%	0.5%	0.16%
TGT	F	0.01%	0.58%	0.01%
TOL	B	0.28%	0.12%	0.12%
TPR	B	0.1%	0.58%	0.1%
TROW	B	0.13%	0.74%	0.13%
UNM	A	0.38%	0.59%	0.38%
VZ	C	0.68%	1.95%	0.68%
WFC	A	1.22%	0.07%	0.07%
XOM	B	2.51%	3.13%	2.51%
ZM	B	0.52%	0.67%	0.52%

FELV Overweight 265 Positions Relative to GMOV

Symbol	Grade	Weight
BRK.A	B	3.64%
WMT	A	1.76%
UNH	C	1.57%
PM	B	1.31%
GE	D	1.05%
T	A	1.02%
GILD	C	0.92%
SCHW	B	0.88%
MU	D	0.86%
ABBV	D	0.85%
BMY	B	0.84%
NEE	D	0.81%
DIS	B	0.8%
ETN	A	0.76%
UNP	C	0.75%
BDX	F	0.74%
TMO	F	0.73%
SQ	B	0.7%
PNC	B	0.7%
RTX	C	0.7%
RSG	A	0.66%
LMT	D	0.64%
NOC	D	0.63%
SPGI	C	0.63%
CVNA	B	0.62%
MMM	D	0.6%
AON	A	0.59%
SEIC	B	0.58%
CCI	D	0.57%
CME	A	0.57%
NSC	B	0.57%
TMUS	B	0.56%
COP	C	0.56%
ABT	B	0.54%
CL	D	0.54%
CAT	B	0.54%
ALLE	D	0.54%
TXT	D	0.53%
PSA	D	0.52%
TT	A	0.52%
ECL	D	0.5%
SSNC	B	0.5%
DD	D	0.48%
LDOS	C	0.47%
CACI	D	0.46%
LIN	D	0.46%
LHX	C	0.45%
HD	A	0.45%
WAB	B	0.45%
CTAS	B	0.43%
DBX	B	0.42%
AMAT	F	0.42%
PCG	A	0.39%
MMC	B	0.38%
ADBE	C	0.37%
BLK	C	0.37%
IGT	F	0.36%
L	A	0.35%
PGR	A	0.35%
TPH	D	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CSX	B	0.34%
ACN	C	0.34%
DVN	F	0.34%
FTV	C	0.33%
LPX	B	0.33%
ZBRA	B	0.32%
CAH	B	0.3%
TWLO	A	0.3%
BIIB	F	0.3%
FR	C	0.28%
MCD	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
VEEV	C	0.28%
MO	A	0.28%
MA	C	0.28%
GL	B	0.28%
TRV	B	0.28%
GEV	B	0.28%
ANF	C	0.28%
TJX	A	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%
XEL	A	0.25%
FLS	B	0.25%
WM	A	0.25%
EXC	C	0.24%
KMI	A	0.24%
TFC	A	0.24%
CINF	A	0.22%
ED	D	0.22%
Z	A	0.22%
DOCU	A	0.22%
CRM	B	0.22%
DOC	D	0.22%
SKYW	B	0.21%
MGM	D	0.21%
JCI	C	0.21%
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%
BSX	B	0.19%
MSCI	C	0.19%
AAPL	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%
EQR	B	0.17%
GEHC	F	0.16%
QGEN	D	0.16%
MEDP	D	0.16%
TXN	C	0.16%
CCK	C	0.16%
AES	F	0.16%
PFG	D	0.16%
CNP	B	0.15%
ILMN	D	0.15%
AMGN	D	0.15%
RCL	A	0.15%
OXY	D	0.15%
WDC	D	0.14%
AMT	D	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	A	0.13%
WDAY	B	0.13%
CCL	B	0.13%
ES	D	0.13%
PH	A	0.12%
NTAP	C	0.12%
ITW	B	0.12%
AVGO	D	0.12%
SO	D	0.12%
WMB	A	0.12%
EEFT	B	0.12%
HWM	A	0.12%
UHS	D	0.12%
BLD	D	0.11%
AIZ	A	0.11%
QRVO	F	0.11%
EA	A	0.11%
ENS	D	0.11%
ROST	C	0.11%
GRMN	B	0.11%
AMH	D	0.11%
BMRN	D	0.11%
ADTN	A	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%
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%
VRTX	F	0.09%
CRUS	D	0.09%
AMZN	C	0.08%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
DELL	C	0.08%
LH	C	0.08%
HON	B	0.08%
BBWI	D	0.08%
IFF	D	0.08%
ALRM	C	0.08%
AEP	D	0.08%
VST	B	0.07%
CMG	B	0.07%
REG	B	0.07%
BYD	C	0.07%
LYFT	C	0.07%
LOW	D	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%
VSTS	C	0.06%
MDLZ	F	0.06%
OGE	B	0.06%
NMRK	B	0.06%
TRMB	B	0.05%
SAM	C	0.05%
CTRA	B	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%
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%
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%
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%
FTDR	A	0.01%
MUR	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%

FELV Underweight 79 Positions Relative to GMOV

Symbol	Grade	Weight
GOOGL	C	-2.65%
MRK	F	-2.48%
LYB	F	-1.17%
REGN	F	-1.02%
MTB	A	-0.99%
HIG	B	-0.97%
HPQ	B	-0.97%
EBAY	D	-0.93%
GM	B	-0.91%
CTSH	B	-0.9%
BWA	D	-0.65%
DG	F	-0.64%
USB	A	-0.62%
MTG	C	-0.59%
BG	F	-0.59%
ALLY	C	-0.57%
VTRS	A	-0.56%
HRB	D	-0.55%
RDN	C	-0.51%
AVT	C	-0.5%
SKX	D	-0.49%
EG	C	-0.47%
LEA	D	-0.46%
CROX	D	-0.46%
AGCO	D	-0.45%
CAG	D	-0.45%
WHR	B	-0.43%
WU	D	-0.42%
PVH	C	-0.42%
SIG	B	-0.35%
OSK	B	-0.34%
AMG	B	-0.32%
AN	C	-0.32%
ASO	F	-0.3%
GPI	A	-0.3%
UFPI	B	-0.29%
UTHR	C	-0.27%
PII	D	-0.27%
OVV	B	-0.27%
KBH	D	-0.27%
ACGL	D	-0.26%
BEN	C	-0.23%
ALSN	B	-0.23%
MLI	C	-0.21%
JHG	A	-0.21%
IVZ	B	-0.21%
LKQ	D	-0.2%
SLM	A	-0.19%
APTV	D	-0.19%
ALV	C	-0.18%
OMF	A	-0.17%
CMC	B	-0.16%
JAZZ	B	-0.15%
FOXA	B	-0.14%
MOS	F	-0.12%
RF	A	-0.12%
MAN	D	-0.1%
SNA	A	-0.1%
FNF	B	-0.09%
GHC	C	-0.09%
ATKR	C	-0.09%
CRI	D	-0.09%
VLO	C	-0.08%
SNX	C	-0.08%
RHI	B	-0.08%
ATGE	B	-0.07%
WBA	F	-0.07%
CNH	C	-0.07%
TSN	B	-0.07%
LZB	B	-0.06%
KSS	F	-0.06%
FHN	A	-0.06%
PINC	B	-0.06%
BC	C	-0.06%
TEX	D	-0.05%
CNXC	F	-0.05%
NEU	C	-0.05%
FL	F	-0.02%
WGO	C	-0.01%