FHEQ vs. FELC ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Fidelity Enhanced Large Cap Core ETF (FELC)

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

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. 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

$33.43

Average Daily Volume

571,539

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	FELC
30 Days	2.51%	3.27%
60 Days	3.80%	5.09%
90 Days	4.54%	6.09%
12 Months		33.74%

147 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in FELC	Overlap
AAPL	C	7.31%	7.38%	7.31%
ABBV	D	1.0%	1.02%	1.0%
ADBE	C	0.93%	0.94%	0.93%
ADP	B	0.16%	0.2%	0.16%
ALLE	D	0.44%	0.33%	0.33%
ALRM	C	0.4%	0.2%	0.2%
AMAT	F	0.7%	0.68%	0.68%
AMGN	D	0.24%	0.33%	0.24%
AMT	D	0.24%	0.24%	0.24%
AMZN	C	3.64%	3.93%	3.64%
ANET	C	0.08%	0.11%	0.08%
ANF	C	0.33%	0.42%	0.33%
AVGO	D	1.49%	1.72%	1.49%
AXP	A	0.43%	0.31%	0.31%
BAC	A	1.17%	1.2%	1.17%
BBWI	D	0.11%	0.11%	0.11%
BDX	F	0.59%	0.62%	0.59%
BIIB	F	0.21%	0.1%	0.1%
BK	A	0.36%	0.11%	0.11%
BLD	D	0.05%	0.11%	0.05%
BMY	B	0.68%	0.75%	0.68%
BRK.A	B	2.19%	2.25%	2.19%
C	A	0.54%	0.02%	0.02%
CACI	D	0.3%	0.4%	0.3%
CAH	B	0.4%	0.31%	0.31%
CAT	B	0.48%	0.57%	0.48%
CI	F	0.63%	0.63%	0.63%
CL	D	0.58%	0.47%	0.47%
CLX	B	0.2%	0.11%	0.11%
CMCSA	B	0.83%	0.86%	0.83%
CME	A	0.37%	0.5%	0.37%
CMG	B	0.49%	0.35%	0.35%
COST	B	0.45%	0.31%	0.31%
CRM	B	1.09%	1.15%	1.09%
CRUS	D	0.06%	0.03%	0.03%
CSCO	B	0.79%	0.66%	0.66%
CSX	B	0.43%	0.54%	0.43%
CTAS	B	0.66%	0.69%	0.66%
CVNA	B	0.52%	0.55%	0.52%
CVS	D	0.22%	0.25%	0.22%
CVX	A	0.02%	0.01%	0.01%
DASH	A	0.12%	0.18%	0.12%
DBX	B	0.51%	0.52%	0.51%
DIS	B	0.57%	0.65%	0.57%
DOCU	A	0.18%	0.02%	0.02%
DVN	F	0.53%	0.53%	0.53%
ECL	D	0.62%	0.63%	0.62%
EOG	A	0.43%	0.54%	0.43%
EXEL	B	0.43%	0.45%	0.43%
F	C	0.15%	0.11%	0.11%
FTNT	C	0.24%	0.15%	0.15%
GAP	B	0.18%	0.22%	0.18%
GE	D	0.45%	0.39%	0.39%
GEHC	F	0.17%	0.04%	0.04%
GILD	C	0.73%	0.74%	0.73%
GL	B	0.2%	0.21%	0.2%
GOOG	C	1.74%	1.9%	1.74%
GOOGL	C	2.02%	2.05%	2.02%
GRMN	B	0.31%	0.22%	0.22%
HD	A	1.32%	1.29%	1.29%
HWM	A	0.27%	0.1%	0.1%
IDXX	F	0.26%	0.22%	0.22%
IGT	F	0.45%	0.46%	0.45%
INCY	C	0.27%	0.28%	0.27%
JNJ	D	0.61%	0.74%	0.61%
JPM	A	1.82%	1.94%	1.82%
KLAC	D	0.54%	0.63%	0.54%
KR	B	0.11%	0.03%	0.03%
LDOS	C	0.32%	0.24%	0.24%
LHX	C	0.23%	0.21%	0.21%
LLY	F	0.76%	0.76%	0.76%
LMT	D	0.69%	0.71%	0.69%
LNW	D	0.17%	0.11%	0.11%
LPLA	A	0.03%	0.03%	0.03%
LRCX	F	0.23%	0.44%	0.23%
LYFT	C	0.06%	0.21%	0.06%
MA	C	1.34%	1.36%	1.34%
MEDP	D	0.31%	0.21%	0.21%
META	D	2.87%	2.89%	2.87%
MGM	D	0.22%	0.3%	0.22%
MKL	A	0.09%	0.08%	0.08%
MMC	B	0.52%	0.29%	0.29%
MMM	D	0.22%	0.13%	0.13%
MRK	F	0.69%	0.99%	0.69%
MS	A	0.16%	0.31%	0.16%
MSCI	C	0.49%	0.33%	0.33%
MSFT	F	5.64%	5.68%	5.64%
MSI	B	0.26%	0.5%	0.26%
MU	D	0.47%	0.66%	0.47%
NBIX	C	0.11%	0.11%	0.11%
NEE	D	0.73%	0.84%	0.73%
NFLX	A	1.26%	1.3%	1.26%
NOC	D	0.56%	0.6%	0.56%
NOW	A	0.34%	0.55%	0.34%
NSC	B	0.26%	0.38%	0.26%
NUE	C	0.32%	0.2%	0.2%
NVDA	C	7.27%	7.39%	7.27%
ORCL	B	0.04%	0.05%	0.04%
PCAR	B	0.42%	0.52%	0.42%
PEGA	A	0.16%	0.1%	0.1%
PFE	D	0.56%	0.42%	0.42%
PG	A	0.87%	0.72%	0.72%
PGR	A	0.63%	0.74%	0.63%
PLTK	B	0.1%	0.04%	0.04%
PM	B	0.92%	0.94%	0.92%
PPG	F	0.34%	0.3%	0.3%
PSA	D	0.19%	0.09%	0.09%
PYPL	B	0.54%	0.34%	0.34%
QCOM	F	0.84%	0.88%	0.84%
QRVO	F	0.11%	0.12%	0.11%
ROST	C	0.1%	0.04%	0.04%
RSG	A	0.2%	0.24%	0.2%
RTX	C	0.44%	0.7%	0.44%
SCCO	F	0.04%	0.05%	0.04%
SCHW	B	0.56%	0.8%	0.56%
SEIC	B	0.54%	0.3%	0.3%
SKYW	B	0.29%	0.23%	0.23%
SOLV	C	0.12%	0.09%	0.09%
SPG	B	0.16%	0.59%	0.16%
SPGI	C	0.28%	0.31%	0.28%
SQ	A	0.59%	0.58%	0.58%
T	A	0.67%	0.73%	0.67%
TDC	D	0.35%	0.37%	0.35%
TJX	A	0.73%	0.59%	0.59%
TMO	F	0.26%	0.33%	0.26%
TMUS	B	0.29%	0.31%	0.29%
TROW	B	0.23%	0.31%	0.23%
TRV	B	0.49%	0.43%	0.43%
TSLA	B	1.26%	1.31%	1.26%
TT	A	0.69%	0.52%	0.52%
TWLO	A	0.02%	0.13%	0.02%
TXT	D	0.51%	0.52%	0.51%
UBER	D	0.14%	0.14%	0.14%
UNH	C	0.57%	0.57%	0.57%
UNM	A	0.01%	0.12%	0.01%
UNP	C	0.73%	0.76%	0.73%
V	A	0.47%	0.82%	0.47%
VEEV	C	0.12%	0.08%	0.08%
VST	B	0.11%	0.12%	0.11%
VZ	C	0.18%	0.06%	0.06%
WDAY	B	0.16%	0.16%	0.16%
WFC	A	0.15%	0.1%	0.1%
WM	A	0.38%	0.32%	0.32%
WMT	A	0.8%	1.14%	0.8%
XOM	B	1.54%	1.56%	1.54%
ZBRA	B	0.47%	0.06%	0.06%
ZM	B	0.52%	0.51%	0.51%

FHEQ Overweight 21 Positions Relative to FELC

Symbol	Grade	Weight
BLK	C	0.23%
AME	A	0.22%
XEL	A	0.21%
HLT	A	0.18%
FTI	A	0.17%
TPH	D	0.15%
ETN	A	0.15%
GEN	B	0.13%
CINF	A	0.12%
BAH	F	0.09%
DOC	D	0.08%
ALL	A	0.07%
BCC	B	0.07%
MDLZ	F	0.07%
L	A	0.07%
TENB	C	0.06%
UTHR	C	0.05%
QGEN	D	0.04%
MHO	D	0.02%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 23 Positions Relative to FELC

Symbol	Grade	Weight
ABT	B	-0.56%
SSNC	B	-0.38%
AON	A	-0.35%
CCL	B	-0.26%
OXY	D	-0.19%
GS	A	-0.15%
ED	D	-0.15%
WTW	B	-0.14%
BKNG	A	-0.13%
PNC	B	-0.12%
NRG	B	-0.11%
FR	D	-0.08%
MCK	B	-0.06%
DHI	D	-0.06%
STLD	B	-0.06%
AXTA	A	-0.05%
PEP	F	-0.05%
SYK	C	-0.03%
SWKS	F	-0.03%
A	D	-0.03%
GPN	B	-0.02%
WBD	C	-0.01%
AES	F	-0.01%