FHEQ vs. FTHI ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to First Trust High Income ETF (FTHI)

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

FTHI

First Trust High Income ETF

FTHI Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(c) Index (the "index"). The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will write will be limited to U.S. exchange-traded securities and options. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

244,323

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	FTHI
30 Days	2.51%	2.96%
60 Days	3.80%	3.94%
90 Days	4.54%	5.68%
12 Months		18.62%

68 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in FTHI	Overlap
AAPL	C	7.31%	5.63%	5.63%
ABBV	D	1.0%	0.62%	0.62%
ADBE	C	0.93%	0.44%	0.44%
ADP	B	0.16%	0.33%	0.16%
AMAT	F	0.7%	0.31%	0.31%
AMGN	D	0.24%	0.31%	0.24%
AMT	D	0.24%	0.29%	0.24%
AMZN	C	3.64%	3.92%	3.64%
AVGO	D	1.49%	1.65%	1.49%
BAC	A	1.17%	0.56%	0.56%
BAH	F	0.09%	0.31%	0.09%
BDX	F	0.59%	0.07%	0.07%
BLK	C	0.23%	0.24%	0.23%
BMY	B	0.68%	0.48%	0.48%
BRK.A	B	2.19%	1.73%	1.73%
CAT	B	0.48%	0.41%	0.41%
CL	D	0.58%	0.05%	0.05%
CME	A	0.37%	0.37%	0.37%
COST	B	0.45%	0.83%	0.45%
CRM	B	1.09%	0.65%	0.65%
CVX	A	0.02%	0.26%	0.02%
FTI	A	0.17%	0.34%	0.17%
GAP	C	0.18%	0.27%	0.18%
GE	D	0.45%	0.35%	0.35%
GILD	C	0.73%	0.47%	0.47%
GOOG	C	1.74%	1.84%	1.74%
GOOGL	C	2.02%	2.17%	2.02%
HD	A	1.32%	0.88%	0.88%
JPM	A	1.82%	1.41%	1.41%
LLY	F	0.76%	1.18%	0.76%
LMT	D	0.69%	0.26%	0.26%
MA	C	1.34%	0.88%	0.88%
MDLZ	F	0.07%	0.03%	0.03%
MEDP	D	0.31%	0.42%	0.31%
META	D	2.87%	2.55%	2.55%
MMC	B	0.52%	0.42%	0.42%
MRK	F	0.69%	0.49%	0.49%
MSFT	F	5.64%	6.53%	5.64%
MSI	B	0.26%	0.17%	0.17%
NEE	D	0.73%	0.24%	0.24%
NFLX	A	1.26%	0.72%	0.72%
NOW	A	0.34%	0.42%	0.34%
NVDA	C	7.27%	6.56%	6.56%
ORCL	B	0.04%	0.53%	0.04%
PFE	D	0.56%	0.1%	0.1%
PG	A	0.87%	0.79%	0.79%
PM	B	0.92%	0.37%	0.37%
PSA	D	0.19%	0.3%	0.19%
QCOM	F	0.84%	0.32%	0.32%
RTX	C	0.44%	0.33%	0.33%
SCCO	F	0.04%	0.33%	0.04%
SPG	B	0.16%	0.05%	0.05%
SPGI	C	0.28%	0.33%	0.28%
T	A	0.67%	0.35%	0.35%
TJX	A	0.73%	0.32%	0.32%
TMO	F	0.26%	0.38%	0.26%
TMUS	B	0.29%	0.3%	0.29%
TSLA	B	1.26%	1.36%	1.26%
UNH	C	0.57%	1.08%	0.57%
UNP	C	0.73%	0.29%	0.29%
V	A	0.47%	1.01%	0.47%
VEEV	C	0.12%	0.31%	0.12%
VST	B	0.11%	0.97%	0.11%
VZ	C	0.18%	0.35%	0.18%
WFC	A	0.15%	0.49%	0.15%
WMT	A	0.8%	0.69%	0.69%
XEL	A	0.21%	0.19%	0.19%
XOM	B	1.54%	1.0%	1.0%

FHEQ Overweight 100 Positions Relative to FTHI

Symbol	Grade	Weight
CMCSA	B	0.83%
CSCO	B	0.79%
TT	A	0.69%
CTAS	B	0.66%
CI	F	0.63%
PGR	A	0.63%
ECL	D	0.62%
JNJ	D	0.61%
SQ	B	0.59%
DIS	B	0.57%
NOC	D	0.56%
SCHW	B	0.56%
SEIC	B	0.54%
C	A	0.54%
PYPL	B	0.54%
KLAC	D	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
MSCI	C	0.49%
CMG	B	0.49%
TRV	B	0.49%
MU	D	0.47%
ZBRA	B	0.47%
IGT	F	0.45%
ALLE	D	0.44%
EOG	A	0.43%
CSX	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
WM	A	0.38%
BK	A	0.36%
TDC	D	0.35%
PPG	F	0.34%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
GRMN	B	0.31%
CACI	D	0.3%
SKYW	B	0.29%
HWM	A	0.27%
INCY	C	0.27%
IDXX	F	0.26%
NSC	B	0.26%
FTNT	C	0.24%
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%
RSG	A	0.2%
GL	B	0.2%
CLX	B	0.2%
DOCU	A	0.18%
HLT	A	0.18%
GEHC	F	0.17%
LNW	D	0.17%
WDAY	B	0.16%
MS	A	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
ETN	A	0.15%
UBER	D	0.14%
GEN	B	0.13%
DASH	A	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%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
ANET	C	0.08%
DOC	D	0.08%
ALL	A	0.07%
BCC	B	0.07%
L	A	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%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 97 Positions Relative to FTHI

Symbol	Grade	Weight
BXMT	C	-1.55%
SLG	B	-1.44%
JXN	C	-1.11%
CRNX	C	-0.99%
CCEP	C	-0.98%
UL	D	-0.94%
MO	A	-0.9%
LADR	B	-0.87%
BRBR	A	-0.77%
CALM	A	-0.76%
INGR	B	-0.64%
PTVE	B	-0.64%
IDA	A	-0.59%
ALSN	B	-0.53%
CCI	D	-0.53%
NVS	D	-0.49%
EXP	A	-0.48%
SLM	A	-0.48%
CVLT	B	-0.48%
DTM	B	-0.46%
KO	D	-0.46%
IDCC	A	-0.45%
PEP	F	-0.45%
AMD	F	-0.45%
TOL	B	-0.45%
SFM	A	-0.45%
DELL	C	-0.45%
MDT	D	-0.45%
INSM	C	-0.44%
HLI	B	-0.44%
EWBC	A	-0.43%
INTU	C	-0.43%
UMBF	B	-0.43%
ARES	A	-0.42%
ITW	B	-0.41%
LIN	D	-0.41%
PPC	C	-0.41%
DECK	A	-0.41%
EHC	B	-0.39%
AM	A	-0.38%
USFD	A	-0.38%
ISRG	A	-0.37%
IBM	C	-0.36%
TXN	C	-0.36%
BKNG	A	-0.36%
LANC	C	-0.36%
SLVM	B	-0.35%
FNF	B	-0.35%
KNSL	B	-0.35%
HESM	B	-0.34%
WSO	A	-0.33%
GS	A	-0.33%
MGEE	C	-0.32%
HON	B	-0.31%
LOW	D	-0.31%
DUK	C	-0.31%
DHR	F	-0.31%
KRC	C	-0.31%
BKU	A	-0.3%
LOPE	B	-0.3%
SBRA	C	-0.3%
MATX	C	-0.3%
DHT	F	-0.27%
IIPR	D	-0.27%
GGG	B	-0.27%
NVO	D	-0.25%
ATR	B	-0.25%
SBLK	F	-0.24%
O	D	-0.24%
COP	C	-0.24%
CNA	B	-0.23%
PFGC	B	-0.22%
AMH	D	-0.22%
STNG	F	-0.22%
EQIX	A	-0.21%
PAYX	C	-0.21%
CVBF	A	-0.2%
FLO	D	-0.2%
SO	D	-0.2%
OTTR	C	-0.2%
MUSA	A	-0.19%
GEV	B	-0.17%
NEU	C	-0.17%
REYN	D	-0.16%
KAR	B	-0.15%
WEC	A	-0.15%
EXR	D	-0.14%
SFNC	B	-0.14%
OGN	D	-0.13%
BX	A	-0.13%
NHI	D	-0.12%
TGT	F	-0.11%
D	C	-0.08%
AJG	B	-0.05%
SYK	C	-0.05%
GIS	D	-0.03%
ELV	F	-0.03%