FELV vs. ROE ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to Astoria US Quality Kings ETF (ROE)

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

106,110

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

ROE

Astoria US Quality Kings ETF

ROE Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund"s sub-adviser.

Grade (RS Rating)

Last Trade

$32.00

Average Daily Volume

13,710

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELV	ROE
30 Days	5.81%	4.88%
60 Days	6.43%	4.08%
90 Days	8.07%	5.77%
12 Months	30.38%	32.55%

48 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in ROE	Overlap
A	D	0.09%	0.86%	0.09%
AAPL	B	0.19%	0.98%	0.19%
ABBV	D	0.85%	0.84%	0.84%
ACN	B	0.34%	1.02%	0.34%
ADBE	C	0.37%	0.93%	0.37%
ALL	B	0.19%	1.03%	0.19%
AMAT	F	0.42%	0.85%	0.42%
CAH	B	0.3%	1.06%	0.3%
CAT	B	0.54%	0.98%	0.54%
CL	D	0.54%	0.9%	0.54%
CMCSA	C	1.13%	1.02%	1.02%
CSCO	A	1.07%	1.07%	1.07%
DHI	D	0.03%	0.82%	0.03%
DVN	F	0.34%	0.92%	0.34%
EOG	C	0.53%	1.05%	0.53%
GEHC	F	0.16%	0.88%	0.16%
HD	A	0.45%	1.02%	0.45%
IBM	C	0.27%	0.93%	0.27%
ITW	A	0.12%	1.02%	0.12%
JNJ	D	1.02%	0.94%	0.94%
KLAC	F	0.03%	0.79%	0.03%
KMB	C	0.14%	0.95%	0.14%
LMT	D	0.64%	0.9%	0.64%
LOW	C	0.07%	1.01%	0.07%
MCK	C	0.09%	1.25%	0.09%
META	D	0.21%	0.97%	0.21%
MO	A	0.28%	1.08%	0.28%
MSI	C	0.2%	1.08%	0.2%
NFLX	B	0.19%	1.16%	0.19%
NTAP	C	0.12%	0.96%	0.12%
NVDA	C	0.17%	1.14%	0.17%
PGR	A	0.35%	0.99%	0.35%
PHM	C	0.01%	0.88%	0.01%
PM	B	1.31%	1.07%	1.07%
QCOM	F	0.5%	0.96%	0.5%
ROST	C	0.11%	0.91%	0.11%
SPG	C	0.18%	1.05%	0.18%
SWKS	F	0.13%	0.83%	0.13%
SYF	A	0.03%	1.27%	0.03%
TGT	F	0.01%	0.98%	0.01%
TJX	A	0.28%	1.0%	0.28%
TMUS	A	0.56%	1.15%	0.56%
TROW	A	0.13%	1.07%	0.13%
TRV	B	0.28%	1.08%	0.28%
TXN	D	0.16%	0.99%	0.16%
VICI	C	0.25%	0.94%	0.25%
VST	B	0.07%	1.27%	0.07%
VZ	B	0.68%	0.93%	0.68%

FELV Overweight 284 Positions Relative to ROE

Symbol	Grade	Weight
BRK.A	B	3.64%
JPM	B	2.93%
XOM	C	2.51%
BAC	A	1.77%
WMT	B	1.76%
UNH	B	1.57%
PG	A	1.24%
WFC	A	1.22%
GE	D	1.05%
T	A	1.02%
GILD	B	0.92%
SCHW	A	0.88%
MU	D	0.86%
PFE	D	0.85%
INTC	C	0.85%
BMY	B	0.84%
NEE	D	0.81%
DIS	B	0.8%
PYPL	A	0.79%
ETN	A	0.76%
UNP	C	0.75%
BDX	F	0.74%
TMO	F	0.73%
SQ	B	0.7%
PNC	A	0.7%
RTX	D	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	D	0.6%
AON	A	0.59%
SEIC	A	0.58%
PPG	D	0.57%
CCI	D	0.57%
CME	A	0.57%
NSC	A	0.57%
COP	D	0.56%
ABT	B	0.54%
ALLE	D	0.54%
MS	B	0.54%
TXT	D	0.53%
CVX	B	0.53%
ZM	B	0.52%
PSA	C	0.52%
TT	B	0.52%
ECL	D	0.5%
SSNC	A	0.5%
DD	D	0.48%
C	A	0.48%
LDOS	D	0.47%
COF	B	0.47%
CACI	D	0.46%
LIN	D	0.46%
LHX	C	0.45%
WAB	B	0.45%
CTAS	B	0.43%
DBX	C	0.42%
MDT	D	0.4%
PCG	B	0.39%
PCAR	B	0.39%
UNM	A	0.38%
MMC	A	0.38%
BLK	C	0.37%
IGT	F	0.36%
L	B	0.35%
EXEL	A	0.35%
TPH	C	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
CSX	B	0.34%
NUE	D	0.34%
GS	B	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%
TWLO	B	0.3%
BIIB	F	0.3%
FR	C	0.28%
MCD	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
VEEV	B	0.28%
TOL	A	0.28%
MA	B	0.28%
GL	C	0.28%
GEV	C	0.28%
ANF	C	0.28%
TDC	D	0.27%
SYK	C	0.26%
AME	A	0.26%
WTW	B	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	D	0.24%
KMI	B	0.24%
TFC	B	0.24%
CNC	F	0.23%
CINF	A	0.22%
ED	D	0.22%
Z	B	0.22%
DOCU	A	0.22%
OC	B	0.22%
CRM	B	0.22%
DOC	C	0.22%
INCY	C	0.22%
SKYW	B	0.21%
MGM	F	0.21%
HPE	B	0.21%
JCI	C	0.21%
AXP	A	0.2%
VMI	A	0.2%
EQIX	A	0.2%
PNR	B	0.19%
DTE	C	0.19%
USFD	A	0.19%
FTI	A	0.19%
BSX	C	0.19%
MSCI	C	0.19%
KEY	A	0.18%
ITT	A	0.18%
ICE	D	0.18%
TMHC	A	0.18%
ZG	B	0.18%
EIX	A	0.17%
DHR	D	0.17%
PRU	A	0.17%
IQV	F	0.17%
LNW	D	0.17%
MKL	A	0.17%
ACA	B	0.17%
CEG	D	0.17%
EQR	B	0.17%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	F	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%
JXN	B	0.15%
AMGN	D	0.15%
RCL	B	0.15%
OXY	F	0.15%
WDC	C	0.14%
AMT	D	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	B	0.13%
WDAY	C	0.13%
CCL	B	0.13%
ES	D	0.13%
PH	A	0.12%
SOLV	C	0.12%
AVGO	D	0.12%
SO	D	0.12%
WMB	B	0.12%
EEFT	B	0.12%
HWM	B	0.12%
KHC	D	0.12%
UHS	D	0.12%
BLD	C	0.11%
AIZ	B	0.11%
QRVO	F	0.11%
EA	C	0.11%
ENS	D	0.11%
BCC	B	0.11%
GRMN	A	0.11%
ELV	F	0.11%
AMH	C	0.11%
BMRN	F	0.11%
TPR	A	0.1%
ADTN	B	0.1%
ADM	F	0.1%
BKR	C	0.1%
CRC	C	0.1%
ADP	B	0.1%
PEG	A	0.1%
MHO	C	0.1%
FANG	F	0.09%
TRGP	B	0.09%
CNO	A	0.09%
MTDR	C	0.09%
WBD	C	0.09%
KD	B	0.09%
GPN	C	0.09%
ACT	C	0.09%
VRTX	D	0.09%
CRUS	F	0.09%
AMZN	C	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	D	0.08%
CMG	B	0.07%
REG	B	0.07%
BYD	B	0.07%
LYFT	C	0.07%
WCC	B	0.07%
NWL	A	0.06%
NWSA	B	0.06%
EW	C	0.06%
UPS	C	0.06%
LEG	D	0.06%
ARW	D	0.06%
VSTS	C	0.06%
MDLZ	F	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%
GLPI	B	0.05%
CW	B	0.05%
PLTK	B	0.05%
GIS	D	0.05%
NEM	F	0.05%
AM	B	0.04%
ADI	D	0.04%
VLTO	C	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	A	0.03%
MSA	C	0.03%
TFX	F	0.03%
UAL	B	0.03%
RGA	A	0.03%
EXTR	C	0.03%
WS	B	0.03%
RJF	A	0.03%
ALKS	B	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	F	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	B	0.01%
MUR	F	0.01%
CXT	B	0.01%
BLDR	C	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 51 Positions Relative to ROE

Symbol	Grade	Weight
APP	B	-2.26%
APO	A	-1.28%
LYV	A	-1.21%
AMP	B	-1.2%
CHTR	C	-1.17%
EME	B	-1.14%
ETR	B	-1.13%
V	A	-1.11%
GWW	A	-1.11%
PANW	C	-1.1%
ORCL	C	-1.1%
RPM	A	-1.08%
GEN	A	-1.06%
WRB	A	-1.05%
GOOGL	C	-1.05%
COR	C	-1.05%
APH	B	-1.04%
URI	B	-1.03%
NRG	C	-1.03%
DPZ	C	-1.02%
DOV	A	-1.02%
AFL	B	-1.01%
JBL	C	-1.01%
VLO	C	-1.0%
CTSH	B	-0.99%
HIG	B	-0.99%
YUM	B	-0.98%
CSL	B	-0.98%
SYY	C	-0.98%
CB	D	-0.97%
MSFT	D	-0.95%
RMD	C	-0.95%
EG	C	-0.95%
OMC	C	-0.94%
ANET	C	-0.94%
ON	C	-0.93%
NXPI	D	-0.92%
EBAY	C	-0.92%
SBAC	D	-0.91%
THC	D	-0.91%
ZTS	D	-0.89%
WSM	B	-0.86%
LRCX	F	-0.83%
MCHP	F	-0.83%
MRK	F	-0.82%
LLY	F	-0.78%
CDW	F	-0.78%
TER	F	-0.78%
FSLR	F	-0.77%
MPWR	F	-0.64%
CE	F	-0.54%