FFLG vs. BTAL ETF Comparison

Comparison of Fidelity Fundamental Large Cap Growth ETF (FFLG) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund invests in both US and non-US companies. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$23.95

Average Daily Volume

46,185

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.60

Average Daily Volume

682,584

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	FFLG	BTAL
30 Days	2.56%	-2.87%
60 Days	6.33%	-1.51%
90 Days	1.15%	-0.41%
12 Months	46.08%	-1.31%

35 Overlapping Holdings

Symbol	Grade	Weight in FFLG	Weight in BTAL	Overlap
ACN	C	0.1%	0.42%	0.1%
AGL	F	0.46%	0.39%	0.39%
AMD	C	1.93%	-0.45%	-0.45%
ANET	B	0.05%	-0.47%	-0.47%
AR	C	0.34%	-0.46%	-0.46%
AVGO	C	0.04%	-0.46%	-0.46%
CEG	C	0.49%	-0.57%	-0.57%
CNC	D	0.5%	0.4%	0.4%
COHR	C	0.16%	-0.49%	-0.49%
CVNA	B	0.66%	-0.48%	-0.48%
ETN	B	0.17%	-0.47%	-0.47%
FND	C	0.97%	-0.47%	-0.47%
HUM	F	0.89%	0.38%	0.38%
KO	B	0.14%	0.42%	0.14%
LITE	B	0.26%	-0.46%	-0.46%
LPLA	D	1.04%	0.41%	0.41%
LULU	D	0.17%	0.4%	0.17%
LYFT	D	0.29%	-0.5%	-0.5%
MDB	D	0.92%	-0.51%	-0.51%
MRNA	F	0.1%	-0.35%	-0.35%
MRVL	D	0.8%	-0.44%	-0.44%
MSFT	C	10.56%	0.44%	0.44%
NVDA	C	7.82%	-0.41%	-0.41%
ON	D	1.9%	0.4%	0.4%
PEN	D	0.54%	-0.41%	-0.41%
ROKU	D	2.65%	-0.48%	-0.48%
SNAP	D	0.87%	-0.48%	-0.48%
SQ	D	1.85%	-0.44%	-0.44%
TMUS	B	2.86%	0.41%	0.41%
TSLA	B	0.01%	-0.52%	-0.52%
UBER	C	3.45%	-0.47%	-0.47%
UNH	B	2.14%	0.41%	0.41%
VRT	C	1.2%	-0.53%	-0.53%
W	C	0.05%	-0.54%	-0.54%
ZI	D	0.68%	0.45%	0.45%

FFLG Overweight 65 Positions Relative to BTAL

Symbol	Grade	Weight
META	B	5.36%
AMZN	C	5.21%
GOOG	D	4.66%
GOOGL	D	2.8%
AAPL	B	2.2%
BSX	B	1.88%
FLEX	B	1.84%
NXPI	F	1.81%
SE	B	1.73%
V	C	1.57%
GPN	D	1.32%
LLY	D	1.25%
ADBE	F	1.01%
ORCL	B	0.91%
MQ	F	0.87%
EPAM	F	0.86%
NOW	C	0.84%
CRM	C	0.77%
BA	F	0.74%
DT	C	0.67%
PCG	C	0.64%
DDOG	D	0.64%
TSM	C	0.64%
MA	B	0.59%
INTU	D	0.58%
HUBS	D	0.55%
CYTK	F	0.55%
NFLX	B	0.55%
DLO	F	0.51%
JBL	D	0.47%
TMDX	C	0.46%
TMO	B	0.42%
BJ	D	0.4%
PCVX	C	0.4%
LOW	A	0.4%
DHR	B	0.38%
AMT	C	0.38%
INTA	C	0.36%
MGNI	D	0.29%
GFS	F	0.28%
AMAT	C	0.26%
ACVA	C	0.25%
DV	F	0.23%
ARGX	B	0.22%
OVV	F	0.22%
CLDX	F	0.22%
PANW	C	0.19%
PSTG	F	0.15%
BE	F	0.14%
APO	B	0.12%
NUVL	C	0.11%
NVO	F	0.1%
REGN	D	0.1%
ALNY	C	0.1%
CHTR	D	0.09%
ZNTL	D	0.08%
KROS	C	0.07%
ALXO	F	0.06%
SNOW	F	0.06%
FSLR	C	0.05%
VLTO	A	0.04%
ARM	C	0.03%
LEN	B	0.02%
ASND	C	0.0%
ALHC	C	0.0%

FFLG Underweight 353 Positions Relative to BTAL

Symbol	Grade	Weight
ERIE	B	-0.5%
FFIV	B	-0.48%
MKL	C	-0.48%
SBRA	C	-0.48%
T	B	-0.47%
MDU	B	-0.47%
MSTR	C	-0.47%
DRI	C	-0.47%
FOXF	F	-0.47%
IBM	B	-0.47%
SFM	A	-0.46%
THG	B	-0.46%
RNR	A	-0.46%
WELL	B	-0.46%
OLLI	C	-0.46%
IBKR	A	-0.46%
CCK	B	-0.46%
MSI	A	-0.46%
VZ	B	-0.46%
HEI	C	-0.46%
PAYC	D	-0.46%
ORLY	B	-0.46%
TRV	C	-0.46%
GILD	B	-0.46%
ARMK	A	-0.45%
PGR	C	-0.45%
UNM	A	-0.45%
CME	A	-0.45%
PCAR	D	-0.45%
AVB	C	-0.45%
BWXT	B	-0.45%
RYAN	B	-0.45%
RGA	C	-0.45%
MSM	D	-0.45%
TXRH	B	-0.45%
TGNA	C	-0.45%
SAIC	C	-0.45%
PNM	B	-0.45%
VFC	B	-0.45%
ALL	C	-0.45%
NEM	C	-0.45%
CHH	C	-0.45%
ROP	C	-0.45%
XEL	A	-0.45%
KR	A	-0.45%
WPC	B	-0.45%
BMY	C	-0.45%
CACI	A	-0.45%
GLW	B	-0.45%
MKC	C	-0.45%
DD	B	-0.45%
NEU	D	-0.45%
FTNT	A	-0.44%
DBX	C	-0.44%
GD	C	-0.44%
SNA	B	-0.44%
AXS	A	-0.44%
PAYX	B	-0.44%
ALSN	B	-0.44%
PFE	D	-0.44%
REG	C	-0.44%
PNW	C	-0.44%
BKR	C	-0.44%
CMG	D	-0.44%
SIGI	D	-0.44%
EQR	C	-0.44%
DUK	C	-0.44%
RLI	A	-0.44%
EDR	A	-0.44%
CACC	F	-0.44%
UTHR	B	-0.44%
PCTY	C	-0.44%
AMGN	D	-0.44%
PKG	B	-0.44%
ELS	C	-0.44%
CSCO	A	-0.44%
ACGL	C	-0.44%
HIG	A	-0.44%
DLB	D	-0.44%
FOXA	A	-0.44%
ED	B	-0.44%
FCN	C	-0.44%
LNT	A	-0.44%
WEN	D	-0.44%
CF	B	-0.44%
KMI	B	-0.44%
WH	C	-0.44%
HQY	C	-0.44%
CMS	A	-0.44%
CB	B	-0.44%
OHI	B	-0.44%
BWA	C	-0.44%
GIS	C	-0.44%
TDY	B	-0.44%
CHRW	A	-0.44%
AEE	A	-0.44%
AON	C	-0.43%
CPB	D	-0.43%
VICI	B	-0.43%
AKAM	D	-0.43%
GLPI	B	-0.43%
MTCH	C	-0.43%
AMCR	B	-0.43%
ORI	B	-0.43%
O	A	-0.43%
HPQ	C	-0.43%
FLO	C	-0.43%
SLGN	A	-0.43%
RTX	B	-0.43%
MCD	A	-0.43%
MAN	C	-0.43%
J	D	-0.43%
EG	C	-0.43%
ELV	D	-0.43%
CINF	B	-0.43%
CLH	C	-0.43%
CHD	C	-0.43%
VRSN	C	-0.43%
JNJ	C	-0.43%
CSX	D	-0.43%
BRO	B	-0.43%
CI	D	-0.43%
NOC	B	-0.43%
DOX	C	-0.43%
ADC	B	-0.43%
WEC	A	-0.43%
CW	B	-0.43%
L	D	-0.42%
RSG	D	-0.42%
COLM	C	-0.42%
TXT	D	-0.42%
BG	F	-0.42%
VTRS	D	-0.42%
XOM	B	-0.42%
HON	C	-0.42%
CTSH	B	-0.42%
ARW	B	-0.42%
TJX	C	-0.42%
BILL	D	-0.42%
HRB	C	-0.42%
DGX	B	-0.42%
CBOE	C	-0.42%
NWL	C	-0.42%
G	B	-0.42%
FMC	B	-0.42%
AIZ	B	-0.42%
YUM	B	-0.42%
ADP	B	-0.42%
WM	D	-0.42%
JNPR	B	-0.42%
CHE	C	-0.42%
LNG	D	-0.42%
MOH	D	-0.42%
X	F	-0.42%
MSA	D	-0.42%
MMC	D	-0.41%
PAG	D	-0.41%
WRB	C	-0.41%
AVT	B	-0.41%
SNX	C	-0.41%
WTW	A	-0.41%
GPC	D	-0.41%
LMT	A	-0.41%
ASGN	D	-0.41%
KHC	C	-0.41%
ABBV	B	-0.41%
FANG	F	-0.4%
MUSA	D	-0.4%
MUR	F	-0.4%
CFLT	F	-0.4%
JAZZ	D	-0.4%
TNET	F	-0.4%
KBR	D	-0.4%
ST	F	-0.4%
DVN	F	-0.39%
OXY	F	-0.39%
MCK	F	-0.39%
MOS	F	-0.38%
DECK	C	-0.38%
SRPT	F	-0.38%
WTM	F	-0.35%
BMRN	F	-0.33%
AZO	D	-0.31%
WOLF	F	--0.29%
BRZE	F	--0.31%
ELF	F	--0.32%
RIVN	F	--0.35%
CELH	F	--0.35%
ALLY	F	--0.35%
SEDG	F	--0.36%
MPWR	B	--0.37%
RMBS	F	--0.37%
COIN	F	--0.37%
ARWR	F	--0.37%
CNXC	F	--0.38%
CNM	F	--0.38%
SMCI	F	--0.38%
GH	F	--0.38%
RUN	D	--0.39%
OPEN	F	--0.39%
MTDR	F	--0.39%
WBA	F	--0.39%
ZS	F	--0.39%
KMX	D	--0.39%
DAR	F	--0.39%
LRCX	D	--0.4%
DINO	F	--0.4%
RIG	F	--0.4%
MKSI	F	--0.4%
AMKR	F	--0.4%
DKS	D	--0.4%
NVCR	F	--0.4%
ELAN	D	--0.4%
TER	C	--0.41%
BBWI	D	--0.41%
EW	F	--0.41%
APG	F	--0.41%
MU	D	--0.41%
POWI	D	--0.41%
OC	C	--0.41%
NTLA	F	--0.41%
PENN	D	--0.42%
XPO	F	--0.42%
RGEN	F	--0.42%
F	F	--0.42%
WMS	D	--0.42%
COTY	F	--0.42%
OZK	D	--0.42%
LNC	C	--0.42%
CHX	F	--0.42%
ILMN	D	--0.42%
CRSP	F	--0.42%
CFG	D	--0.42%
SNV	C	--0.42%
ZION	D	--0.42%
ENPH	D	--0.42%
GNRC	D	--0.42%
RKT	C	--0.42%
USB	B	--0.43%
CE	D	--0.43%
RF	A	--0.43%
GTLS	F	--0.43%
EL	D	--0.43%
TGT	C	--0.43%
CRL	F	--0.43%
PNFP	B	--0.43%
EFX	C	--0.43%
CSGP	F	--0.43%
MGM	D	--0.43%
PLD	C	--0.43%
AWK	C	--0.44%
ALB	D	--0.44%
AGNC	B	--0.44%
D	B	--0.44%
SCHW	D	--0.44%
TXG	D	--0.44%
NTRA	B	--0.44%
UGI	B	--0.44%
KSS	D	--0.44%
SOFI	D	--0.44%
CC	D	--0.44%
PATH	D	--0.44%
PINS	D	--0.44%
CAR	D	--0.44%
THO	C	--0.44%
TROW	D	--0.44%
NVT	C	--0.45%
RMD	C	--0.45%
JHG	B	--0.45%
RRC	D	--0.45%
NET	D	--0.45%
EXPE	C	--0.45%
CWEN	A	--0.45%
TFX	B	--0.45%
PFGC	B	--0.45%
DAY	C	--0.45%
HHH	C	--0.45%
SSD	C	--0.45%
NTRS	C	--0.45%
SEE	C	--0.45%
AXTA	C	--0.45%
WCC	D	--0.45%
VEEV	D	--0.45%
CG	D	--0.46%
RYN	C	--0.46%
TTD	B	--0.46%
TREX	F	--0.46%
HOOD	C	--0.46%
FOUR	C	--0.46%
RBLX	C	--0.46%
USFD	C	--0.46%
WAL	B	--0.46%
NWE	A	--0.46%
NRG	B	--0.46%
ALGN	D	--0.46%
PWR	B	--0.46%
BLD	C	--0.46%
DELL	D	--0.46%
GME	D	--0.47%
KKR	C	--0.47%
EQT	C	--0.47%
BLDR	C	--0.47%
OWL	B	--0.47%
PYPL	B	--0.47%
CRWD	D	--0.47%
KRC	C	--0.47%
TT	A	--0.47%
ARE	C	--0.47%
TOL	B	--0.47%
CMA	B	--0.47%
JLL	B	--0.47%
FCX	C	--0.47%
SHW	B	--0.47%
ITT	B	--0.47%
CZR	C	--0.47%
CBRE	A	--0.47%
AA	C	--0.47%
PTON	D	--0.47%
IDXX	D	--0.47%
LAMR	B	--0.48%
CARR	B	--0.48%
BX	C	--0.48%
AXON	A	--0.48%
BLK	A	--0.48%
BXP	B	--0.48%
LPX	B	--0.48%
DKNG	D	--0.48%
AES	C	--0.48%
DASH	B	--0.48%
CCL	C	--0.48%
TRU	B	--0.48%
INTC	D	--0.49%
LYV	A	--0.49%
TOST	C	--0.49%
URI	B	--0.49%
TPG	C	--0.5%
VNO	B	--0.5%
SMG	B	--0.5%
EXP	B	--0.5%
SHLS	F	--0.51%
IOT	C	--0.51%
SAIA	D	--0.51%
Z	C	--0.51%
DAL	C	--0.51%
PLTR	B	--0.52%
FYBR	C	--0.53%
DNLI	C	--0.53%
TDOC	D	--0.54%
PODD	C	--0.54%
DUOL	C	--0.55%
RH	C	--0.56%
VST	B	--0.57%
AFRM	D	--0.6%