FHEQ vs. FAD ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to First Trust MuFirst Trust Multi CG AlphaDEX (FAD)
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
FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD Description The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$148.38

Average Daily Volume

4,463

Number of Holdings *

640

* may have additional holdings in another (foreign) market
Performance
Period FHEQ FAD
30 Days 2.51% 9.58%
60 Days 3.80% 11.65%
90 Days 4.54% 14.77%
12 Months 44.05%
77 Overlapping Holdings
Symbol Grade Weight in FHEQ Weight in FAD Overlap
AAPL C 7.31% 0.17% 0.17%
ADP B 0.16% 0.09% 0.09%
ALL A 0.07% 0.44% 0.07%
ALLE D 0.44% 0.12% 0.12%
AMGN D 0.24% 0.15% 0.15%
AMT D 0.24% 0.21% 0.21%
AMZN C 3.64% 0.18% 0.18%
ANET C 0.08% 0.33% 0.08%
ANF C 0.33% 0.17% 0.17%
AVGO D 1.49% 0.32% 0.32%
AXP A 0.43% 0.44% 0.43%
BAH F 0.09% 0.29% 0.09%
BK A 0.36% 0.46% 0.36%
BLD D 0.05% 0.15% 0.05%
BRK.A B 2.19% 0.25% 0.25%
CACI D 0.3% 0.18% 0.18%
CAT B 0.48% 0.33% 0.33%
CL D 0.58% 0.22% 0.22%
CMG B 0.49% 0.08% 0.08%
COST B 0.45% 0.35% 0.35%
CRM B 1.09% 0.1% 0.1%
CRUS D 0.06% 0.1% 0.06%
CTAS B 0.66% 0.35% 0.35%
CVNA B 0.52% 0.59% 0.52%
DASH A 0.12% 0.51% 0.12%
DBX B 0.51% 0.09% 0.09%
DOCU A 0.18% 0.16% 0.16%
ECL D 0.62% 0.24% 0.24%
ETN A 0.15% 0.18% 0.15%
EXEL B 0.43% 0.22% 0.22%
FTNT C 0.24% 0.29% 0.24%
GAP C 0.18% 0.08% 0.08%
GE D 0.45% 0.32% 0.32%
GEN B 0.13% 0.36% 0.13%
GOOGL C 2.02% 0.09% 0.09%
GRMN B 0.31% 0.4% 0.31%
HLT A 0.18% 0.27% 0.18%
HWM A 0.27% 0.48% 0.27%
JPM A 1.82% 0.39% 0.39%
KLAC D 0.54% 0.07% 0.07%
LLY F 0.76% 0.14% 0.14%
LNW D 0.17% 0.04% 0.04%
LPLA A 0.03% 0.11% 0.03%
LYFT C 0.06% 0.06% 0.06%
MA C 1.34% 0.09% 0.09%
MEDP D 0.31% 0.04% 0.04%
META D 2.87% 0.33% 0.33%
MKL A 0.09% 0.09% 0.09%
MMC B 0.52% 0.17% 0.17%
MSCI C 0.49% 0.08% 0.08%
MSI B 0.26% 0.37% 0.26%
MU D 0.47% 0.08% 0.08%
NEE D 0.73% 0.31% 0.31%
NFLX A 1.26% 0.29% 0.29%
NOW A 0.34% 0.38% 0.34%
NVDA C 7.27% 0.39% 0.39%
ORCL B 0.04% 0.37% 0.04%
PEGA A 0.16% 0.19% 0.16%
PG A 0.87% 0.08% 0.08%
PGR A 0.63% 0.43% 0.43%
PM B 0.92% 0.37% 0.37%
PSA D 0.19% 0.23% 0.19%
QCOM F 0.84% 0.08% 0.08%
ROST C 0.1% 0.16% 0.1%
RSG A 0.2% 0.18% 0.18%
SKYW B 0.29% 0.12% 0.12%
SPG B 0.16% 0.18% 0.16%
SPGI C 0.28% 0.24% 0.24%
TJX A 0.73% 0.25% 0.25%
TMUS B 0.29% 0.39% 0.29%
TSLA B 1.26% 0.22% 0.22%
TT A 0.69% 0.44% 0.44%
UBER D 0.14% 0.23% 0.14%
UTHR C 0.05% 0.42% 0.05%
VST B 0.11% 0.52% 0.11%
WDAY B 0.16% 0.09% 0.09%
WM A 0.38% 0.09% 0.09%
FHEQ Overweight 91 Positions Relative to FAD
Symbol Grade Weight
MSFT F 5.64%
GOOG C 1.74%
XOM B 1.54%
HD A 1.32%
BAC A 1.17%
ABBV D 1.0%
ADBE C 0.93%
CMCSA B 0.83%
WMT A 0.8%
CSCO B 0.79%
UNP C 0.73%
GILD C 0.73%
AMAT F 0.7%
MRK F 0.69%
LMT D 0.69%
BMY B 0.68%
T A 0.67%
CI F 0.63%
JNJ D 0.61%
SQ B 0.59%
BDX F 0.59%
UNH C 0.57%
DIS B 0.57%
NOC D 0.56%
SCHW B 0.56%
PFE D 0.56%
SEIC B 0.54%
C A 0.54%
PYPL B 0.54%
DVN F 0.53%
ZM B 0.52%
TXT D 0.51%
TRV B 0.49%
ZBRA B 0.47%
V A 0.47%
IGT F 0.45%
RTX C 0.44%
EOG A 0.43%
CSX B 0.43%
PCAR B 0.42%
CAH B 0.4%
ALRM C 0.4%
CME A 0.37%
TDC D 0.35%
PPG F 0.34%
LDOS C 0.32%
NUE C 0.32%
INCY C 0.27%
TMO F 0.26%
IDXX F 0.26%
NSC B 0.26%
BLK C 0.23%
TROW B 0.23%
LRCX F 0.23%
LHX C 0.23%
AME A 0.22%
MGM D 0.22%
CVS D 0.22%
MMM D 0.22%
BIIB F 0.21%
XEL A 0.21%
GL B 0.2%
CLX B 0.2%
VZ C 0.18%
GEHC F 0.17%
FTI A 0.17%
MS A 0.16%
F C 0.15%
TPH D 0.15%
WFC A 0.15%
VEEV C 0.12%
CINF A 0.12%
SOLV C 0.12%
NBIX C 0.11%
BBWI D 0.11%
QRVO F 0.11%
KR B 0.11%
PLTK B 0.1%
DOC D 0.08%
BCC B 0.07%
MDLZ F 0.07%
L A 0.07%
TENB C 0.06%
QGEN D 0.04%
SCCO F 0.04%
CVX A 0.02%
MHO D 0.02%
TWLO A 0.02%
UNM A 0.01%
NWL B 0.01%
OGE B 0.01%
FHEQ Underweight 563 Positions Relative to FAD
Symbol Grade Weight
APP B -0.96%
PLTR B -0.69%
AXON A -0.63%
TRGP B -0.57%
RCL A -0.55%
VRT B -0.52%
EXPE B -0.51%
GDDY A -0.5%
GS A -0.5%
HOOD B -0.5%
EME C -0.49%
KKR A -0.49%
FICO B -0.49%
PWR A -0.46%
CCL B -0.45%
WAB B -0.45%
HEI B -0.44%
BURL A -0.44%
NRG B -0.43%
URI B -0.43%
CPNG D -0.42%
VTR C -0.42%
AMP A -0.41%
NTRS A -0.41%
LYV A -0.41%
IRM D -0.41%
FI A -0.4%
FCNCA A -0.4%
RBLX C -0.39%
THC D -0.39%
TPL A -0.39%
ACGL D -0.37%
PH A -0.37%
CEG D -0.37%
BRO B -0.36%
PCG A -0.36%
BSX B -0.36%
LII A -0.35%
HCA F -0.35%
PEG A -0.34%
FSLR F -0.33%
RMD C -0.33%
SHW A -0.33%
AFRM B -0.32%
IBM C -0.32%
ERIE D -0.32%
APO B -0.32%
COIN C -0.31%
SOFI A -0.3%
TDG D -0.3%
ALNY D -0.29%
BKNG A -0.29%
GWW B -0.28%
CASY A -0.27%
SFM A -0.27%
ISRG A -0.27%
NDAQ A -0.27%
DECK A -0.27%
HUBB B -0.26%
AJG B -0.26%
BR A -0.26%
TTD B -0.26%
WELL A -0.26%
WSO A -0.26%
AX A -0.26%
MCO B -0.25%
PIPR B -0.25%
QTWO A -0.25%
NTRA B -0.25%
TYL B -0.25%
ALSN B -0.25%
FOUR B -0.24%
HLNE B -0.24%
CORT B -0.24%
RDNT B -0.24%
MANH D -0.24%
RKLB B -0.24%
NTAP C -0.24%
FIX A -0.24%
LVS C -0.24%
SO D -0.24%
CSL C -0.24%
ICE C -0.24%
SFBS B -0.24%
DUOL A -0.23%
VLTO D -0.23%
KTB B -0.23%
CSWI A -0.23%
CRS A -0.23%
TOST B -0.23%
TSCO D -0.23%
IBKR A -0.22%
KNF A -0.22%
ACIW B -0.22%
COHR B -0.22%
XYL D -0.22%
CW B -0.22%
MOG.A B -0.22%
CVLT B -0.22%
ITRI B -0.22%
EFX F -0.21%
DY D -0.21%
ENSG D -0.21%
EWBC A -0.21%
WMB A -0.21%
IOT A -0.21%
CPAY A -0.2%
MOD A -0.2%
AIT A -0.2%
DVA B -0.2%
AAON B -0.2%
LTH C -0.2%
ADSK A -0.19%
FFIN B -0.19%
MO A -0.19%
PODD C -0.19%
MSTR C -0.19%
PSN D -0.19%
HIMS B -0.19%
GMED A -0.19%
PANW C -0.19%
COKE C -0.19%
MAR B -0.19%
TPG A -0.19%
EAT A -0.19%
EXLS B -0.19%
DELL C -0.19%
HLI B -0.19%
MMSI B -0.18%
DOV A -0.18%
GWRE A -0.18%
ATI D -0.18%
ORLY B -0.18%
RL B -0.18%
APH A -0.18%
CRVL A -0.18%
ARES A -0.18%
TTEK F -0.18%
SLG B -0.18%
FRPT B -0.18%
TXRH C -0.18%
BOOT D -0.17%
ROL B -0.17%
TKO B -0.17%
CBOE B -0.17%
AZO C -0.17%
ADC B -0.17%
PAYO A -0.17%
ITT A -0.17%
EHC B -0.17%
ITGR B -0.17%
AUR C -0.17%
IT C -0.17%
KEX C -0.17%
EXP A -0.17%
IR B -0.17%
ROAD A -0.16%
IDCC A -0.16%
POWL C -0.16%
HRB D -0.16%
NCLH B -0.16%
IESC B -0.16%
BFAM D -0.16%
FSS B -0.16%
MCD D -0.16%
VICI C -0.16%
CBT C -0.16%
BMI B -0.16%
EPRT B -0.16%
PRIM A -0.16%
OTIS C -0.16%
AVAV D -0.16%
BCO D -0.16%
CRDO B -0.16%
BWXT B -0.15%
TRUP B -0.15%
AWI A -0.15%
KO D -0.15%
WSM B -0.15%
GVA A -0.15%
AYI B -0.15%
KAI A -0.15%
LMND B -0.15%
IBOC A -0.15%
PLNT A -0.15%
WWW B -0.15%
BRBR A -0.15%
O D -0.15%
RIVN F -0.15%
TGTX B -0.15%
STRL B -0.15%
EXR D -0.15%
PI D -0.14%
FTDR A -0.14%
FFIV B -0.14%
SCI B -0.14%
PRCT B -0.14%
ZETA D -0.14%
STEP B -0.14%
WHD B -0.14%
CNK B -0.14%
S B -0.14%
IBP D -0.14%
ATGE B -0.14%
PJT A -0.14%
MCY A -0.14%
USLM A -0.14%
HOMB A -0.14%
PRI A -0.14%
ONB B -0.14%
LRN A -0.14%
ENVA B -0.14%
SMG D -0.14%
DOCS C -0.14%
FLS B -0.14%
QCRH A -0.14%
WULF C -0.14%
LNTH D -0.14%
TBBK B -0.13%
CLH B -0.13%
BDC B -0.13%
REVG B -0.13%
ACLX C -0.13%
GSHD A -0.13%
AXSM B -0.13%
BOX B -0.13%
TRN C -0.13%
VCYT B -0.13%
CNS B -0.13%
HASI D -0.13%
TW A -0.13%
RYAN B -0.13%
RYTM C -0.13%
OLLI D -0.12%
CHEF A -0.12%
HWKN B -0.12%
ADMA B -0.12%
NYT C -0.12%
WYNN D -0.12%
NHC C -0.12%
DSGR D -0.12%
SKWD A -0.12%
SLVM B -0.12%
DKS C -0.12%
AMRX C -0.12%
CALM A -0.12%
OHI C -0.12%
SBRA C -0.12%
HNI B -0.12%
DT C -0.12%
PBI B -0.12%
AZEK A -0.12%
WWD B -0.12%
HALO F -0.12%
LMAT A -0.11%
MPWR F -0.11%
KYMR D -0.11%
PTGX C -0.11%
DTM B -0.11%
MWA B -0.11%
OSW A -0.11%
VRNS D -0.11%
PRK B -0.11%
NBHC B -0.11%
PLMR B -0.11%
PRM C -0.11%
ALKT B -0.11%
VCTR B -0.11%
RNA D -0.11%
INTA A -0.11%
ALHC C -0.11%
SYBT B -0.11%
DORM B -0.11%
INSM C -0.11%
CWAN B -0.11%
CDE D -0.11%
AGIO C -0.11%
PTON B -0.11%
SATS D -0.11%
SGBX F -0.11%
OUT A -0.1%
ESAB B -0.1%
GME C -0.1%
LFST C -0.1%
AORT B -0.1%
SMTC B -0.1%
CENX B -0.1%
WING D -0.1%
RARE D -0.1%
PCTY B -0.1%
SABR C -0.1%
RVMD C -0.1%
CRWD B -0.1%
CPRX C -0.1%
MTCH D -0.1%
CBSH A -0.1%
CCOI B -0.1%
PTCT B -0.1%
JANX C -0.1%
MIRM B -0.1%
CRAI B -0.1%
MNKD C -0.1%
CFR B -0.1%
TGLS B -0.1%
INSP D -0.1%
CHWY B -0.1%
REG B -0.09%
EEFT B -0.09%
CHDN B -0.09%
AES F -0.09%
TMDX F -0.09%
ORA B -0.09%
IRT A -0.09%
RHP B -0.09%
CHD B -0.09%
ATR B -0.09%
PAYX C -0.09%
MKTX D -0.09%
BRX A -0.09%
GKOS B -0.09%
MSGS A -0.09%
NMIH D -0.09%
SYK C -0.09%
WTTR B -0.09%
DKNG B -0.09%
BCRX D -0.09%
LITE B -0.09%
AON A -0.09%
CWST A -0.09%
OSCR D -0.09%
VERX B -0.09%
AXTA A -0.09%
RUN F -0.09%
DLR B -0.09%
GPN B -0.09%
YOU D -0.09%
WTM A -0.09%
ITCI C -0.09%
FAST B -0.09%
RLI B -0.09%
PRGS A -0.09%
FBP B -0.09%
NPAB B -0.09%
CUBE D -0.08%
BLBD D -0.08%
SBAC D -0.08%
UE C -0.08%
AGNC D -0.08%
HURN B -0.08%
LIN D -0.08%
CHCO B -0.08%
OII B -0.08%
RNG B -0.08%
KMB D -0.08%
GLPI C -0.08%
HRMY D -0.08%
LAMR D -0.08%
ESE B -0.08%
SHAK C -0.08%
GPK C -0.08%
MGNI A -0.08%
VITL D -0.08%
GERN D -0.08%
CPT B -0.08%
BLKB B -0.08%
CIFR B -0.08%
WAT B -0.08%
BPMC C -0.08%
CTRE D -0.08%
BANF B -0.08%
CAKE C -0.08%
BGC C -0.08%
WT B -0.08%
APOG B -0.08%
SITM B -0.08%
VRTX F -0.08%
KNSL B -0.08%
GABC B -0.08%
CROX D -0.08%
CARG C -0.08%
AVB B -0.08%
SEMR B -0.08%
BCPC B -0.08%
ASTH D -0.08%
ESS B -0.08%
EQIX A -0.08%
MBIN D -0.08%
KRG B -0.08%
UFPT B -0.08%
ITW B -0.08%
PMT D -0.07%
CWT D -0.07%
AOS F -0.07%
WRBY B -0.07%
VRRM D -0.07%
ESRT C -0.07%
NRIX D -0.07%
FND C -0.07%
EXPO D -0.07%
A D -0.07%
KN B -0.07%
OSIS B -0.07%
AAT B -0.07%
FCN D -0.07%
CCI D -0.07%
COLL F -0.07%
AZZ B -0.07%
KTOS B -0.07%
ZTS D -0.07%
GFF A -0.07%
IIPR D -0.06%
MGEE C -0.06%
DRVN B -0.06%
GTLS B -0.06%
TNL A -0.06%
AROC B -0.06%
HEES B -0.06%
ICFI F -0.06%
BLFS C -0.06%
HLIT D -0.06%
CEIX A -0.06%
CLSK C -0.06%
FLNC C -0.06%
ADUS D -0.06%
ASPN F -0.06%
KNTK B -0.06%
IOVA F -0.06%
NSA D -0.06%
DOCN D -0.06%
AMPH D -0.06%
MTD D -0.06%
BRC D -0.06%
TWST D -0.06%
NHI D -0.06%
CMPR D -0.05%
GTX D -0.05%
AESI B -0.05%
SXT B -0.05%
JJSF B -0.05%
IAS C -0.05%
MARA C -0.05%
CHH A -0.05%
UMH C -0.05%
KW B -0.05%
AIV C -0.05%
TRMB B -0.05%
SCS C -0.05%
FCPT C -0.05%
CDP C -0.05%
LOPE B -0.05%
SWI B -0.05%
GATX A -0.05%
TNDM F -0.05%
OCUL D -0.05%
NTNX A -0.05%
GTY B -0.05%
ARQT C -0.05%
NEO C -0.05%
NXRT B -0.05%
OWL A -0.05%
CPK A -0.05%
MASI A -0.05%
DAY B -0.05%
KD B -0.05%
MAC B -0.05%
WDFC B -0.05%
ACVA B -0.05%
SKT B -0.05%
BANC A -0.05%
GH B -0.05%
AGM C -0.05%
LGND B -0.05%
SXI B -0.05%
AGYS A -0.05%
BKD D -0.05%
LKFN B -0.05%
EPAC B -0.05%
PAYC B -0.05%
NNN D -0.04%
ELAN D -0.04%
CHE D -0.04%
EGP F -0.04%
SSD D -0.04%
FR C -0.04%
CDRE D -0.04%
HUMA F -0.04%
MYGN F -0.04%
PHR F -0.04%
DNLI D -0.04%
IPAR B -0.04%
ROIV C -0.04%
APPF B -0.04%
NEU C -0.04%
UDR B -0.04%
CNM D -0.04%
H B -0.04%
EVH F -0.04%
AM A -0.04%
ESI A -0.04%
DCI B -0.04%
ALX D -0.04%
RXST F -0.04%
RGLD C -0.04%
EPR D -0.04%
ELME D -0.04%
MORN B -0.04%
MAIN A -0.04%
CRNX C -0.04%
NVAX F -0.04%
HLX B -0.04%
ANIP F -0.04%
RBC A -0.04%
GOLF B -0.04%
MLNK B -0.03%
PLAY D -0.03%
APPN B -0.03%
LCID F -0.03%
APAM B -0.03%
SMPL B -0.03%
ACAD D -0.03%
CTS C -0.03%
CARS B -0.03%
WABC B -0.03%
CBZ B -0.03%
TDW F -0.03%
BRKR D -0.03%
SOUN C -0.03%
PAR B -0.03%
U C -0.03%
MIR A -0.03%
TGI B -0.03%
ARDX F -0.03%
TECH D -0.03%
CLDX F -0.02%
RLAY F -0.02%
XPRO F -0.02%
LPG F -0.02%
VECO F -0.02%
AZTA D -0.02%
JAMF F -0.02%
JOE F -0.02%
GNL F -0.02%
NSSC D -0.02%
PZZA D -0.02%
TNC D -0.02%
FOLD F -0.02%
ENVX F -0.02%
RRR D -0.02%
ARLO C -0.02%
IRDM D -0.02%
BXMT C -0.02%
AMC C -0.02%
BEAM D -0.02%
FBRT C -0.02%
AWR B -0.02%
YELP C -0.02%
WEN D -0.02%
THR B -0.02%
STRA C -0.02%
LTC B -0.02%
TR B -0.02%
BL B -0.02%
CLB B -0.02%
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