FELV vs. LRND ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to IQ U.S. Large Cap R&D Leaders ETF (LRND)

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

LRND

IQ U.S. Large Cap R&D Leaders ETF

LRND Description

IQ U.S. Large Cap R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the IQ U.S. Large Cap R&D Leaders Index, by using full replication technique. IQ U.S. Large Cap R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.89

Average Daily Volume

416

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELV	LRND
30 Days	4.38%	2.07%
60 Days	5.85%	2.22%
90 Days	7.57%	4.29%
12 Months	29.90%	28.44%

59 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in LRND	Overlap
AAPL	C	0.19%	5.93%	0.19%
ABBV	D	0.85%	1.24%	0.85%
ABT	B	0.54%	0.54%	0.54%
ACN	C	0.34%	0.26%	0.26%
ADBE	C	0.37%	0.7%	0.37%
ADI	D	0.04%	0.27%	0.04%
AMAT	F	0.42%	0.54%	0.42%
AMD	F	0.02%	1.05%	0.02%
AMGN	D	0.15%	0.85%	0.15%
AMZN	C	0.08%	8.83%	0.08%
AVGO	D	0.12%	1.58%	0.12%
BDX	F	0.74%	0.21%	0.21%
BIIB	F	0.3%	0.31%	0.3%
BMY	B	0.84%	2.13%	0.84%
BSX	B	0.19%	0.3%	0.19%
CAT	B	0.54%	0.43%	0.43%
CMI	A	0.34%	0.34%	0.34%
CRM	B	0.22%	1.2%	0.22%
CSCO	B	1.07%	1.69%	1.07%
DASH	A	0.08%	0.26%	0.08%
DELL	C	0.08%	0.63%	0.08%
DHR	F	0.17%	0.26%	0.17%
EA	A	0.11%	0.55%	0.11%
EW	C	0.06%	0.22%	0.06%
EXEL	B	0.35%	0.25%	0.25%
F	C	0.33%	1.62%	0.33%
GE	D	1.05%	0.33%	0.33%
GEHC	F	0.16%	0.23%	0.16%
GILD	C	0.92%	1.17%	0.92%
GLW	B	0.01%	0.21%	0.01%
HON	B	0.08%	0.32%	0.08%
HPE	B	0.21%	0.5%	0.21%
IBM	C	0.27%	1.3%	0.27%
ILMN	D	0.15%	0.25%	0.15%
INCY	C	0.22%	0.54%	0.22%
INTC	D	0.85%	3.6%	0.85%
JNJ	D	1.02%	2.7%	1.02%
KLAC	D	0.03%	0.2%	0.03%
LMT	D	0.64%	0.27%	0.27%
MDT	D	0.4%	0.52%	0.4%
META	D	0.21%	6.33%	0.21%
MMM	D	0.6%	0.29%	0.29%
MU	D	0.86%	0.69%	0.69%
NFLX	A	0.19%	0.64%	0.19%
NOC	D	0.63%	0.21%	0.21%
NTAP	C	0.12%	0.19%	0.12%
NVDA	C	0.17%	2.45%	0.17%
PFE	D	0.85%	1.72%	0.85%
PG	A	1.24%	0.38%	0.38%
PYPL	B	0.79%	0.63%	0.63%
QCOM	F	0.5%	1.63%	0.5%
RTX	C	0.7%	0.55%	0.55%
SQ	B	0.7%	0.72%	0.7%
SYK	C	0.26%	0.28%	0.26%
TMO	F	0.73%	0.21%	0.21%
TXN	C	0.16%	0.37%	0.16%
VRTX	F	0.09%	1.54%	0.09%
WDAY	B	0.13%	0.51%	0.13%
WDC	D	0.14%	0.35%	0.14%

FELV Overweight 273 Positions Relative to LRND

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%
WFC	A	1.22%
CMCSA	B	1.13%
T	A	1.02%
SCHW	B	0.88%
NEE	D	0.81%
DIS	B	0.8%
ETN	A	0.76%
UNP	C	0.75%
PNC	B	0.7%
VZ	C	0.68%
RSG	A	0.66%
SPGI	C	0.63%
BK	A	0.63%
CVNA	B	0.62%
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%
CL	D	0.54%
ALLE	D	0.54%
MS	A	0.54%
TXT	D	0.53%
CVX	A	0.53%
EOG	A	0.53%
ZM	B	0.52%
PSA	D	0.52%
TT	A	0.52%
ECL	D	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%
LIN	D	0.46%
LHX	C	0.45%
HD	A	0.45%
WAB	B	0.45%
CTAS	B	0.43%
DBX	B	0.42%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
MMC	B	0.38%
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%
NUE	C	0.34%
GS	A	0.34%
DVN	F	0.34%
FTV	C	0.33%
LPX	B	0.33%
STLD	B	0.33%
ZBRA	B	0.32%
KR	B	0.31%
CVS	D	0.3%
CAH	B	0.3%
TWLO	A	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%
TOL	B	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%
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%
SKYW	B	0.21%
MGM	D	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%
DTE	C	0.19%
USFD	A	0.19%
FTI	A	0.19%
ALL	A	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%
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%
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%
JXN	C	0.15%
RCL	A	0.15%
OXY	D	0.15%
KMB	D	0.14%
AMT	D	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	A	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%
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%
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%
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%
MKC	D	0.08%
LH	C	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%
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%
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%
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%
ANSS	B	0.01%
AXS	A	0.01%
SON	D	0.01%
M	D	0.01%

FELV Underweight 40 Positions Relative to LRND

Symbol	Grade	Weight
GOOGL	C	-8.96%
MSFT	F	-5.41%
MRK	F	-2.9%
GM	B	-2.19%
ORCL	B	-1.91%
LLY	F	-1.55%
TSLA	B	-1.22%
BA	F	-0.66%
TEAM	A	-0.61%
INTU	C	-0.56%
UBER	D	-0.56%
REGN	F	-0.55%
MRNA	F	-0.5%
NOW	A	-0.49%
MRVL	B	-0.44%
DE	A	-0.43%
SPOT	B	-0.4%
SNPS	B	-0.4%
PANW	C	-0.39%
ABNB	C	-0.36%
LRCX	F	-0.34%
SNOW	C	-0.34%
HPQ	B	-0.34%
EXPE	B	-0.33%
CDNS	B	-0.31%
RIVN	F	-0.3%
ADSK	A	-0.3%
EBAY	D	-0.29%
RBLX	C	-0.29%
CTVA	C	-0.26%
ISRG	A	-0.23%
DDOG	A	-0.22%
PINS	D	-0.21%
CNH	C	-0.2%
JNPR	F	-0.2%
APTV	D	-0.19%
ALNY	D	-0.18%
U	C	-0.17%
MCHP	D	-0.17%
LCID	F	-0.12%