FELV vs. SPHQ ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to PowerShares S&P 500 High Quality Portfolio (SPHQ)

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

SPHQ

PowerShares S&P 500 High Quality Portfolio

SPHQ Description

The PowerShares S&P 500Â® High Quality Portfolio (Fund) is based on the S&P 500Â® High Quality Rankings Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide exposure to the constituents of the S&P 500 Index that are identified as stocks reflecting long-term growth and stability of a company's earnings and dividends. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$68.34

Average Daily Volume

861,359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELV	SPHQ
30 Days	4.38%	2.20%
60 Days	5.85%	1.70%
90 Days	7.57%	3.87%
12 Months	29.90%	32.58%

38 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in SPHQ	Overlap
A	D	0.09%	0.37%	0.09%
AAPL	C	0.19%	4.97%	0.19%
ADBE	C	0.37%	2.87%	0.37%
ADM	D	0.1%	0.26%	0.1%
ADP	B	0.1%	2.01%	0.1%
AMAT	F	0.42%	1.68%	0.42%
AVGO	D	0.12%	5.28%	0.12%
BLDR	D	0.01%	0.24%	0.01%
CAT	B	0.54%	2.01%	0.54%
CINF	A	0.22%	0.23%	0.22%
CLX	B	0.25%	0.24%	0.24%
CMI	A	0.34%	0.57%	0.34%
CNC	D	0.23%	0.36%	0.23%
CSCO	B	1.07%	2.61%	1.07%
CTAS	B	0.43%	0.76%	0.43%
DD	D	0.48%	0.32%	0.32%
EA	A	0.11%	0.37%	0.11%
GE	D	1.05%	2.02%	1.05%
GEHC	F	0.16%	0.4%	0.16%
ITW	B	0.12%	1.16%	0.12%
JNJ	D	1.02%	4.84%	1.02%
KLAC	D	0.03%	1.05%	0.03%
KMB	D	0.14%	0.52%	0.14%
LH	C	0.08%	0.23%	0.08%
LMT	D	0.64%	1.65%	0.64%
MA	C	0.28%	5.45%	0.28%
MDLZ	F	0.06%	0.9%	0.06%
NFLX	A	0.19%	4.24%	0.19%
PG	A	1.24%	3.89%	1.24%
PGR	A	0.35%	1.63%	0.35%
QCOM	F	0.5%	2.2%	0.5%
ROST	C	0.11%	0.47%	0.11%
SOLV	C	0.12%	0.09%	0.09%
SWKS	F	0.13%	0.14%	0.13%
TJX	A	0.28%	1.54%	0.28%
TROW	B	0.13%	0.26%	0.13%
VLTO	D	0.04%	0.26%	0.04%
VMC	B	0.28%	0.37%	0.28%

FELV Overweight 294 Positions Relative to SPHQ

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%
GILD	C	0.92%
SCHW	B	0.88%
MU	D	0.86%
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%
SQ	B	0.7%
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%
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%
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%
DBX	B	0.42%
MDT	D	0.4%
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%
EXEL	B	0.35%
TPH	D	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CSX	B	0.34%
ACN	C	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%
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%
DUK	C	0.28%
VEEV	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%
IBM	C	0.27%
TDC	D	0.27%
SYK	C	0.26%
AME	A	0.26%
WTW	B	0.26%
VICI	C	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%
ED	D	0.22%
Z	A	0.22%
DOCU	A	0.22%
OC	A	0.22%
CRM	B	0.22%
DOC	D	0.22%
INCY	C	0.22%
SKYW	B	0.21%
MGM	D	0.21%
META	D	0.21%
HPE	B	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%
BSX	B	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%
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%
TAP	C	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%
BBY	D	0.15%
STT	A	0.15%
CNP	B	0.15%
ILMN	D	0.15%
JXN	C	0.15%
AMGN	D	0.15%
RCL	A	0.15%
OXY	D	0.15%
WDC	D	0.14%
AMT	D	0.14%
HUM	C	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%
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%
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%
BKR	B	0.1%
CRC	B	0.1%
PEG	A	0.1%
MHO	D	0.1%
FANG	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%
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%
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%
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%
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%
TGT	F	0.01%
FTDR	A	0.01%
MUR	D	0.01%
PHM	D	0.01%
CXT	B	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%
M	D	0.01%

FELV Underweight 61 Positions Relative to SPHQ

Symbol	Grade	Weight
V	A	-5.29%
MSFT	F	-4.5%
COST	B	-4.29%
PEP	F	-2.26%
INTU	C	-1.83%
PANW	C	-1.24%
NKE	D	-1.08%
LRCX	F	-1.06%
SHW	A	-1.01%
EMR	A	-0.88%
AMP	A	-0.86%
ADSK	A	-0.86%
ZTS	D	-0.74%
MCO	B	-0.73%
PAYX	C	-0.66%
IT	C	-0.64%
GWW	B	-0.59%
FAST	B	-0.59%
MPC	D	-0.58%
KVUE	A	-0.46%
COR	B	-0.46%
VRSK	A	-0.45%
MLM	B	-0.44%
VLO	C	-0.44%
MCHP	D	-0.43%
LEN	D	-0.42%
ACGL	D	-0.41%
ROK	B	-0.4%
IDXX	F	-0.4%
MNST	C	-0.4%
LULU	C	-0.38%
SYY	B	-0.37%
CTSH	B	-0.37%
EBAY	D	-0.34%
NVR	D	-0.3%
DECK	A	-0.29%
BR	A	-0.27%
BALL	D	-0.27%
KEYS	A	-0.26%
K	A	-0.26%
HSY	F	-0.26%
CDW	F	-0.25%
EXPD	D	-0.21%
ULTA	F	-0.21%
LYB	F	-0.21%
OMC	C	-0.2%
STE	F	-0.2%
BAX	D	-0.19%
POOL	C	-0.19%
JBL	B	-0.19%
HOLX	D	-0.17%
EG	C	-0.16%
FFIV	B	-0.15%
CHRW	C	-0.14%
JKHY	D	-0.13%
AOS	F	-0.11%
APA	D	-0.1%
MKTX	D	-0.1%
BWA	D	-0.1%
PAYC	B	-0.1%
RL	B	-0.09%