FELV vs. IETC ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to iShares Evolved U.S. Technology ETF (IETC)

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

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$82.22

Average Daily Volume

19,325

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

Performance

Period	FELV	IETC
30 Days	4.38%	3.17%
60 Days	5.85%	5.58%
90 Days	7.57%	8.32%
12 Months	29.90%	39.98%

45 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in IETC	Overlap
AAPL	C	0.19%	2.42%	0.19%
ACN	C	0.34%	4.24%	0.34%
ADBE	C	0.37%	1.19%	0.37%
ADP	B	0.1%	0.07%	0.07%
AMD	F	0.02%	0.7%	0.02%
AMZN	C	0.08%	8.02%	0.08%
ANSS	B	0.01%	0.4%	0.01%
AVGO	D	0.12%	11.87%	0.12%
BBY	D	0.15%	0.06%	0.06%
CACI	D	0.46%	0.15%	0.15%
CL	D	0.54%	0.04%	0.04%
CRM	B	0.22%	3.82%	0.22%
CSCO	B	1.07%	1.85%	1.07%
CSGP	D	0.04%	0.37%	0.04%
DASH	A	0.08%	0.21%	0.08%
DELL	C	0.08%	0.06%	0.06%
EA	A	0.11%	0.12%	0.11%
EQIX	A	0.2%	0.74%	0.2%
FTV	C	0.33%	0.0%	0.0%
GLW	B	0.01%	0.03%	0.01%
GPN	B	0.09%	1.12%	0.09%
IBM	C	0.27%	1.92%	0.27%
ICE	C	0.18%	1.6%	0.18%
ILMN	D	0.15%	0.05%	0.05%
IQV	D	0.17%	0.13%	0.13%
KLAC	D	0.03%	0.34%	0.03%
LMT	D	0.64%	0.41%	0.41%
MA	C	0.28%	0.95%	0.28%
META	D	0.21%	1.79%	0.21%
MMC	B	0.38%	0.18%	0.18%
MSCI	C	0.19%	0.12%	0.12%
MSI	B	0.2%	2.4%	0.2%
MU	D	0.86%	0.39%	0.39%
NTAP	C	0.12%	0.78%	0.12%
NVDA	C	0.17%	8.78%	0.17%
PH	A	0.12%	0.99%	0.12%
QCOM	F	0.5%	1.35%	0.5%
QRVO	F	0.11%	0.06%	0.06%
SQ	B	0.7%	0.2%	0.2%
SSNC	B	0.5%	0.71%	0.5%
SWKS	F	0.13%	0.13%	0.13%
TXN	C	0.16%	0.3%	0.16%
VEEV	C	0.28%	0.11%	0.11%
WDAY	B	0.13%	0.69%	0.13%
ZM	B	0.52%	0.6%	0.52%

FELV Overweight 287 Positions Relative to IETC

Symbol	Grade	Weight
BRK.A	B	3.64%
JPM	A	2.93%
XOM	B	2.51%
BAC	A	1.77%
WMT	A	1.76%
UNH	C	1.57%
PM	B	1.31%
PG	A	1.24%
WFC	A	1.22%
CMCSA	B	1.13%
GE	D	1.05%
JNJ	D	1.02%
T	A	1.02%
GILD	C	0.92%
SCHW	B	0.88%
PFE	D	0.85%
ABBV	D	0.85%
INTC	D	0.85%
BMY	B	0.84%
NEE	D	0.81%
DIS	B	0.8%
PYPL	B	0.79%
ETN	A	0.76%
UNP	C	0.75%
BDX	F	0.74%
TMO	F	0.73%
PNC	B	0.7%
RTX	C	0.7%
VZ	C	0.68%
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%
CCI	D	0.57%
CME	A	0.57%
NSC	B	0.57%
TMUS	B	0.56%
COP	C	0.56%
ABT	B	0.54%
CAT	B	0.54%
ALLE	D	0.54%
MS	A	0.54%
TXT	D	0.53%
CVX	A	0.53%
EOG	A	0.53%
PSA	D	0.52%
TT	A	0.52%
ECL	D	0.5%
DD	D	0.48%
C	A	0.48%
LDOS	C	0.47%
COF	B	0.47%
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%
MDT	D	0.4%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
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%
NUE	C	0.34%
GS	A	0.34%
DVN	F	0.34%
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%
MCD	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
MO	A	0.28%
TOL	B	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%
SEE	C	0.25%
FLS	B	0.25%
WM	A	0.25%
EXC	C	0.24%
KMI	A	0.24%
TFC	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%
DOC	D	0.22%
INCY	C	0.22%
SKYW	B	0.21%
MGM	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%
KEY	B	0.18%
SPG	B	0.18%
ITT	A	0.18%
TMHC	B	0.18%
ZG	A	0.18%
EIX	B	0.17%
DHR	F	0.17%
PRU	A	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%
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%
CCL	B	0.13%
ES	D	0.13%
TROW	B	0.13%
SOLV	C	0.12%
ITW	B	0.12%
SO	D	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%
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%
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%
ACT	D	0.09%
MCK	B	0.09%
VRTX	F	0.09%
CRUS	D	0.09%
TENB	C	0.08%
MKC	D	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%
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%
GLPI	C	0.05%
CW	B	0.05%
PLTK	B	0.05%
GIS	D	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%
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%
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%
AXS	A	0.01%
SON	D	0.01%
M	D	0.01%

FELV Underweight 72 Positions Relative to IETC

Symbol	Grade	Weight
MSFT	F	-7.7%
ORCL	B	-3.5%
GOOGL	C	-2.34%
NOW	A	-2.11%
VRSN	F	-1.99%
CDNS	B	-1.84%
GOOG	C	-1.44%
MANH	D	-1.28%
FTNT	C	-1.25%
TEAM	A	-0.84%
PANW	C	-0.82%
ADSK	A	-0.71%
ABNB	C	-0.66%
VRSK	A	-0.64%
TYL	B	-0.63%
IT	C	-0.62%
TTD	B	-0.62%
PLTR	B	-0.58%
ANET	C	-0.58%
CDW	F	-0.57%
MPWR	F	-0.52%
MCO	B	-0.35%
CRWD	B	-0.33%
G	B	-0.32%
FDS	B	-0.3%
MSTR	C	-0.28%
COIN	C	-0.28%
UBER	D	-0.23%
TTEK	F	-0.21%
SNPS	B	-0.2%
BAH	F	-0.2%
KEYS	A	-0.18%
BSY	D	-0.17%
QLYS	C	-0.17%
TRU	D	-0.17%
DDOG	A	-0.16%
LRCX	F	-0.16%
AKAM	D	-0.14%
PINS	D	-0.14%
HUBS	A	-0.14%
NSIT	F	-0.1%
IPG	D	-0.1%
TER	D	-0.1%
NDAQ	A	-0.09%
CFLT	B	-0.09%
IRM	D	-0.09%
VRT	B	-0.09%
SLB	C	-0.09%
INTU	C	-0.07%
SNAP	C	-0.07%
ROK	B	-0.07%
CPAY	A	-0.06%
TDY	B	-0.06%
CBOE	B	-0.06%
SLAB	D	-0.06%
CPNG	D	-0.06%
JNPR	F	-0.06%
LPLA	A	-0.06%
FBIN	D	-0.06%
DOCN	D	-0.05%
MMS	F	-0.05%
SAIC	F	-0.05%
APPN	B	-0.04%
BILL	A	-0.04%
DXC	B	-0.04%
ZI	D	-0.02%
ENPH	F	-0.02%
XYL	D	-0.02%
RIVN	F	-0.01%
GDDY	A	-0.01%
ALGN	D	-0.0%
GRAL	C	-0.0%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Computer Systems Internet Content & Information Specialty Retail Advertising Agencies Aerospace & Defense Auto Manufacturers Conglomerates