FHEQ vs. BLV ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Vanguard Long-Term Bond ETF (BLV)

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

BLV

Vanguard Long-Term Bond ETF

BLV Description

The investment seeks to track the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$70.30

Average Daily Volume

649,810

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	BLV
30 Days	2.51%	-0.94%
60 Days	3.80%	-6.20%
90 Days	4.54%	-5.10%
12 Months		6.76%

90 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in BLV	Overlap
AAPL	C	7.31%	0.02%	0.02%
ABBV	D	1.0%	0.02%	0.02%
ALL	A	0.07%	0.01%	0.01%
AMAT	F	0.7%	0.01%	0.01%
AMGN	D	0.24%	0.02%	0.02%
AMT	D	0.24%	0.01%	0.01%
AMZN	C	3.64%	0.03%	0.03%
AVGO	D	1.49%	0.03%	0.03%
AXP	A	0.43%	0.02%	0.02%
BAC	A	1.17%	0.01%	0.01%
BDX	F	0.59%	0.01%	0.01%
BIIB	F	0.21%	0.02%	0.02%
BMY	B	0.68%	0.01%	0.01%
C	A	0.54%	0.01%	0.01%
CAH	B	0.4%	0.01%	0.01%
CAT	B	0.48%	0.01%	0.01%
CI	F	0.63%	0.01%	0.01%
CINF	A	0.12%	0.01%	0.01%
CL	D	0.58%	0.01%	0.01%
CMCSA	B	0.83%	0.01%	0.01%
CME	A	0.37%	0.02%	0.02%
COST	B	0.45%	0.04%	0.04%
CRM	B	1.09%	0.03%	0.03%
CSCO	B	0.79%	0.03%	0.03%
CSX	B	0.43%	0.01%	0.01%
CVS	D	0.22%	0.01%	0.01%
CVX	A	0.02%	0.01%	0.01%
DIS	B	0.57%	0.01%	0.01%
DOC	D	0.08%	0.01%	0.01%
DVN	F	0.53%	0.01%	0.01%
ECL	D	0.62%	0.01%	0.01%
EOG	A	0.43%	0.01%	0.01%
ETN	A	0.15%	0.01%	0.01%
GE	D	0.45%	0.01%	0.01%
GILD	C	0.73%	0.01%	0.01%
GOOGL	C	2.02%	0.02%	0.02%
HD	A	1.32%	0.01%	0.01%
JNJ	D	0.61%	0.01%	0.01%
JPM	A	1.82%	0.01%	0.01%
KLAC	D	0.54%	0.01%	0.01%
KR	B	0.11%	0.01%	0.01%
L	A	0.07%	0.01%	0.01%
LHX	C	0.23%	0.01%	0.01%
LLY	F	0.76%	0.01%	0.01%
LMT	D	0.69%	0.01%	0.01%
LRCX	F	0.23%	0.01%	0.01%
MA	C	1.34%	0.01%	0.01%
MDLZ	F	0.07%	0.02%	0.02%
MKL	A	0.09%	0.01%	0.01%
MMC	B	0.52%	0.01%	0.01%
MMM	D	0.22%	0.01%	0.01%
MRK	F	0.69%	0.01%	0.01%
MS	A	0.16%	0.02%	0.02%
MSFT	F	5.64%	0.01%	0.01%
MSI	B	0.26%	0.01%	0.01%
NEE	D	0.73%	0.01%	0.01%
NOC	D	0.56%	0.01%	0.01%
NSC	B	0.26%	0.01%	0.01%
NUE	C	0.32%	0.03%	0.03%
NVDA	C	7.27%	0.02%	0.02%
OGE	B	0.01%	0.01%	0.01%
ORCL	B	0.04%	0.01%	0.01%
PFE	D	0.56%	0.01%	0.01%
PG	A	0.87%	0.01%	0.01%
PGR	A	0.63%	0.01%	0.01%
PM	B	0.92%	0.01%	0.01%
PYPL	B	0.54%	0.02%	0.02%
QCOM	F	0.84%	0.01%	0.01%
RSG	A	0.2%	0.01%	0.01%
RTX	C	0.44%	0.01%	0.01%
SCCO	F	0.04%	0.03%	0.03%
SCHW	B	0.56%	0.01%	0.01%
SPG	B	0.16%	0.01%	0.01%
SPGI	C	0.28%	0.01%	0.01%
T	A	0.67%	0.01%	0.01%
TJX	A	0.73%	0.01%	0.01%
TMO	F	0.26%	0.01%	0.01%
TMUS	B	0.29%	0.01%	0.01%
TRV	B	0.49%	0.01%	0.01%
TT	A	0.69%	0.01%	0.01%
UNH	C	0.57%	0.01%	0.01%
UNM	A	0.01%	0.01%	0.01%
UNP	C	0.73%	0.01%	0.01%
V	A	0.47%	0.01%	0.01%
VZ	C	0.18%	0.01%	0.01%
WFC	A	0.15%	0.01%	0.01%
WM	A	0.38%	0.01%	0.01%
WMT	A	0.8%	0.01%	0.01%
XEL	A	0.21%	0.01%	0.01%
XOM	B	1.54%	0.01%	0.01%

FHEQ Overweight 78 Positions Relative to BLV

Symbol	Grade	Weight
META	D	2.87%
BRK.A	B	2.19%
GOOG	C	1.74%
TSLA	B	1.26%
NFLX	A	1.26%
ADBE	C	0.93%
CTAS	B	0.66%
SQ	B	0.59%
SEIC	B	0.54%
ZM	B	0.52%
CVNA	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
MSCI	C	0.49%
CMG	B	0.49%
MU	D	0.47%
ZBRA	B	0.47%
IGT	F	0.45%
ALLE	D	0.44%
EXEL	B	0.43%
PCAR	B	0.42%
ALRM	C	0.4%
BK	A	0.36%
TDC	D	0.35%
PPG	F	0.34%
NOW	A	0.34%
ANF	C	0.33%
LDOS	C	0.32%
MEDP	D	0.31%
GRMN	B	0.31%
CACI	D	0.3%
SKYW	B	0.29%
HWM	A	0.27%
INCY	C	0.27%
IDXX	F	0.26%
FTNT	C	0.24%
BLK	C	0.23%
TROW	B	0.23%
AME	A	0.22%
MGM	D	0.22%
GL	B	0.2%
CLX	B	0.2%
PSA	D	0.19%
GAP	C	0.18%
DOCU	A	0.18%
HLT	A	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
ADP	B	0.16%
WDAY	B	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
UBER	D	0.14%
GEN	B	0.13%
DASH	A	0.12%
VEEV	C	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	D	0.11%
QRVO	F	0.11%
VST	B	0.11%
ROST	C	0.1%
PLTK	B	0.1%
BAH	F	0.09%
ANET	C	0.08%
BCC	B	0.07%
TENB	C	0.06%
CRUS	D	0.06%
LYFT	C	0.06%
BLD	D	0.05%
UTHR	C	0.05%
QGEN	D	0.04%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	A	0.02%
NWL	B	0.01%

FHEQ Underweight 252 Positions Relative to BLV

Symbol	Grade	Weight
WIT	A	-1.44%
MDT	D	-0.05%
FITB	A	-0.04%
HPE	B	-0.04%
WY	D	-0.04%
EQH	B	-0.04%
ALLY	C	-0.04%
CARR	D	-0.04%
DD	D	-0.04%
DELL	C	-0.04%
HPQ	B	-0.03%
TAP	C	-0.03%
HAL	C	-0.03%
BHP	F	-0.03%
TEL	B	-0.02%
CF	B	-0.02%
OHI	C	-0.02%
LEA	D	-0.02%
VMC	B	-0.02%
BHF	B	-0.02%
FANG	D	-0.02%
AJG	B	-0.02%
EBAY	D	-0.02%
GPN	B	-0.02%
WU	D	-0.02%
WHR	B	-0.02%
MAR	B	-0.02%
ADI	D	-0.02%
ICE	C	-0.02%
VLO	C	-0.02%
CAG	D	-0.02%
GM	B	-0.02%
BABA	D	-0.02%
FOXA	B	-0.02%
PSX	C	-0.02%
VTRS	A	-0.02%
GSK	F	-0.02%
CPT	B	-0.01%
VTR	C	-0.01%
STLD	B	-0.01%
WPC	D	-0.01%
RPM	A	-0.01%
PECO	A	-0.01%
BAX	D	-0.01%
AIZ	A	-0.01%
AGO	B	-0.01%
AES	F	-0.01%
CHD	B	-0.01%
ADC	B	-0.01%
AAT	B	-0.01%
BEN	C	-0.01%
CACC	D	-0.01%
HIW	D	-0.01%
JD	D	-0.01%
FRT	B	-0.01%
FNF	B	-0.01%
REG	B	-0.01%
AVA	A	-0.01%
CHI	A	-0.01%
UDR	B	-0.01%
SWX	B	-0.01%
SIGI	C	-0.01%
DT	C	-0.01%
EXR	D	-0.01%
DRI	B	-0.01%
XYL	D	-0.01%
MKC	D	-0.01%
OPI	F	-0.01%
PDM	D	-0.01%
K	A	-0.01%
JNPR	F	-0.01%
IDA	A	-0.01%
DGX	A	-0.01%
MAA	B	-0.01%
LXP	D	-0.01%
KRC	C	-0.01%
KSS	F	-0.01%
WELL	A	-0.01%
WTRG	B	-0.01%
WEST	C	-0.01%
ORI	A	-0.01%
OC	A	-0.01%
NYC	D	-0.01%
NWE	B	-0.01%
KIM	A	-0.01%
HON	B	-0.01%
INGR	B	-0.01%
EQIX	A	-0.01%
FTV	C	-0.01%
DOV	A	-0.01%
ALB	C	-0.01%
BWA	D	-0.01%
AFL	B	-0.01%
AFG	A	-0.01%
CFG	B	-0.01%
APTV	D	-0.01%
CPB	D	-0.01%
COO	D	-0.01%
UAL	A	-0.01%
VOYA	B	-0.01%
VMI	B	-0.01%
STE	F	-0.01%
SNA	A	-0.01%
ROK	B	-0.01%
RF	A	-0.01%
SBRA	C	-0.01%
ZBH	C	-0.01%
NOV	C	-0.01%
NNN	D	-0.01%
NDAQ	A	-0.01%
LH	C	-0.01%
NXPI	D	-0.01%
IVZ	B	-0.01%
HRL	D	-0.01%
HOG	D	-0.01%
JEF	A	-0.01%
HAS	D	-0.01%
ESS	B	-0.01%
DG	F	-0.01%
FE	C	-0.01%
EE	A	-0.01%
EA	A	-0.01%
FMC	D	-0.01%
CMI	A	-0.01%
AVB	B	-0.01%
PKG	A	-0.01%
PFG	D	-0.01%
REGN	F	-0.01%
EG	C	-0.01%
SYK	C	-0.01%
SWK	D	-0.01%
VRSK	A	-0.01%
STZ	D	-0.01%
PEG	A	-0.01%
AON	A	-0.01%
WEC	A	-0.01%
ATO	A	-0.01%
AEP	D	-0.01%
AEE	A	-0.01%
ADM	D	-0.01%
ACGL	D	-0.01%
ARE	D	-0.01%
CTS	C	-0.01%
DTE	C	-0.01%
EVRG	A	-0.01%
FIS	C	-0.01%
AWK	D	-0.01%
HIG	B	-0.01%
IFF	D	-0.01%
JCI	C	-0.01%
KMB	D	-0.01%
ES	D	-0.01%
EQR	B	-0.01%
EL	F	-0.01%
KDP	D	-0.01%
HUM	C	-0.01%
MLM	B	-0.01%
OTIS	C	-0.01%
LNC	B	-0.01%
OKE	A	-0.01%
LIN	D	-0.01%
OGS	A	-0.01%
O	D	-0.01%
MCO	B	-0.01%
PPL	B	-0.01%
MOS	F	-0.01%
MAS	D	-0.01%
PNW	B	-0.01%
PLD	D	-0.01%
SJM	D	-0.01%
RPRX	D	-0.01%
SHW	A	-0.01%
CMS	C	-0.01%
BKH	A	-0.01%
APD	A	-0.01%
CCI	D	-0.01%
CP	D	-0.01%
TGT	F	-0.01%
GD	F	-0.01%
CNP	B	-0.01%
EMN	D	-0.01%
DE	A	-0.01%
IPG	D	-0.01%
IP	B	-0.01%
JBLU	F	-0.01%
GWW	B	-0.01%
NI	A	-0.01%
PAA	B	-0.01%
MRO	B	-0.01%
ITW	B	-0.01%
HSY	F	-0.01%
WRB	A	-0.01%
WLK	D	-0.01%
LNT	A	-0.01%
EQNR	D	-0.01%
EIX	B	-0.01%
ED	D	-0.01%
D	C	-0.01%
GIS	D	-0.01%
KOF	F	-0.01%
NKE	D	-0.01%
NEM	D	-0.01%
WBA	F	-0.01%
MCD	D	-0.01%
ZTS	D	-0.01%
LYB	F	-0.01%
PH	A	-0.01%
RJF	A	-0.01%
UPS	C	-0.01%
EXC	C	-0.01%
DOW	F	-0.01%
BSX	B	-0.01%
ETR	B	-0.01%
HES	B	-0.01%
DHR	F	-0.01%
MPC	D	-0.01%
GLW	B	-0.01%
MUFG	B	-0.01%
PEP	F	-0.01%
SBUX	A	-0.01%
SRE	A	-0.01%
PHM	D	-0.01%
MET	A	-0.01%
AIG	B	-0.01%
ET	A	-0.01%
FDX	B	-0.01%
WMB	A	-0.01%
SYY	B	-0.01%
PRU	A	-0.01%
TXN	C	-0.01%
TSN	B	-0.01%
KO	D	-0.01%
EPD	A	-0.01%
MPLX	A	-0.01%
INTC	D	-0.01%
LOW	D	-0.01%
SO	D	-0.01%
CB	C	-0.01%
DUK	C	-0.01%
HCA	F	-0.01%
KMI	A	-0.01%
ABT	B	-0.01%
MO	A	-0.01%
COP	C	-0.01%
IBM	C	-0.01%
AZN	D	-0.01%
VOD	F	-0.01%
HSBC	B	-0.01%
PCG	A	-0.01%
CHTR	C	-0.01%
BA	F	-0.01%
GS	A	-0.01%