FHEQ vs. IUS ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Invesco Strategic US ETF (IUS)

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

$27.88

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.16

Average Daily Volume

55,038

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	IUS
30 Days	2.51%	3.50%
60 Days	3.80%	3.79%
90 Days	4.54%	5.45%
12 Months		27.21%

119 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in IUS	Overlap
AAPL	C	7.31%	4.81%	4.81%
ABBV	D	1.0%	0.63%	0.63%
ADBE	C	0.93%	0.27%	0.27%
ADP	B	0.16%	0.17%	0.16%
ALL	A	0.07%	0.26%	0.07%
AMAT	F	0.7%	0.2%	0.2%
AME	A	0.22%	0.06%	0.06%
AMGN	D	0.24%	0.23%	0.23%
AMZN	C	3.64%	2.07%	2.07%
ANET	C	0.08%	0.04%	0.04%
AVGO	D	1.49%	0.73%	0.73%
AXP	A	0.43%	0.53%	0.43%
BAH	F	0.09%	0.03%	0.03%
BCC	B	0.07%	0.03%	0.03%
BDX	F	0.59%	0.15%	0.15%
BIIB	F	0.21%	0.05%	0.05%
BMY	B	0.68%	0.64%	0.64%
BRK.A	B	2.19%	2.95%	2.19%
CACI	D	0.3%	0.03%	0.03%
CAH	B	0.4%	0.48%	0.4%
CAT	B	0.48%	0.45%	0.45%
CI	F	0.63%	0.64%	0.63%
CINF	A	0.12%	0.1%	0.1%
CL	D	0.58%	0.12%	0.12%
CLX	B	0.2%	0.04%	0.04%
CMCSA	B	0.83%	1.13%	0.83%
CMG	B	0.49%	0.05%	0.05%
COST	B	0.45%	0.74%	0.45%
CRM	B	1.09%	0.52%	0.52%
CSCO	B	0.79%	0.74%	0.74%
CSX	B	0.43%	0.21%	0.21%
CTAS	B	0.66%	0.07%	0.07%
CVS	D	0.22%	1.02%	0.22%
CVX	A	0.02%	1.68%	0.02%
DASH	A	0.12%	0.07%	0.07%
DIS	B	0.57%	0.57%	0.57%
DVN	F	0.53%	0.12%	0.12%
ECL	D	0.62%	0.08%	0.08%
EOG	A	0.43%	0.35%	0.35%
ETN	A	0.15%	0.16%	0.15%
F	C	0.15%	0.54%	0.15%
FTI	A	0.17%	0.03%	0.03%
FTNT	C	0.24%	0.07%	0.07%
GAP	C	0.18%	0.03%	0.03%
GE	D	0.45%	0.41%	0.41%
GEHC	F	0.17%	0.06%	0.06%
GEN	B	0.13%	0.04%	0.04%
GILD	C	0.73%	0.38%	0.38%
GOOGL	C	2.02%	3.66%	2.02%
GRMN	B	0.31%	0.05%	0.05%
HD	A	1.32%	0.89%	0.89%
HLT	A	0.18%	0.1%	0.1%
HWM	A	0.27%	0.05%	0.05%
JNJ	D	0.61%	0.9%	0.61%
KLAC	D	0.54%	0.1%	0.1%
KR	B	0.11%	0.36%	0.11%
LDOS	C	0.32%	0.06%	0.06%
LHX	C	0.23%	0.15%	0.15%
LLY	F	0.76%	0.22%	0.22%
LMT	D	0.69%	0.47%	0.47%
LPLA	A	0.03%	0.06%	0.03%
LRCX	F	0.23%	0.13%	0.13%
MA	C	1.34%	0.45%	0.45%
MDLZ	F	0.07%	0.22%	0.07%
META	D	2.87%	2.2%	2.2%
MGM	D	0.22%	0.07%	0.07%
MKL	A	0.09%	0.1%	0.09%
MMC	B	0.52%	0.17%	0.17%
MMM	D	0.22%	0.27%	0.22%
MRK	F	0.69%	0.39%	0.39%
MSCI	C	0.49%	0.04%	0.04%
MSFT	F	5.64%	2.68%	2.68%
MSI	B	0.26%	0.08%	0.08%
MU	D	0.47%	0.17%	0.17%
NFLX	A	1.26%	0.35%	0.35%
NOC	D	0.56%	0.21%	0.21%
NOW	A	0.34%	0.1%	0.1%
NSC	B	0.26%	0.16%	0.16%
NUE	C	0.32%	0.21%	0.21%
NVDA	C	7.27%	0.97%	0.97%
NWL	B	0.01%	0.04%	0.01%
ORCL	B	0.04%	0.35%	0.04%
PCAR	B	0.42%	0.17%	0.17%
PFE	D	0.56%	0.61%	0.56%
PG	A	0.87%	0.75%	0.75%
PGR	A	0.63%	0.3%	0.3%
PM	B	0.92%	0.37%	0.37%
PPG	F	0.34%	0.07%	0.07%
PSA	D	0.19%	0.13%	0.13%
PYPL	B	0.54%	0.33%	0.33%
QCOM	F	0.84%	0.29%	0.29%
QRVO	F	0.11%	0.02%	0.02%
ROST	C	0.1%	0.1%	0.1%
RSG	A	0.2%	0.08%	0.08%
RTX	C	0.44%	0.65%	0.44%
SQ	B	0.59%	0.1%	0.1%
T	A	0.67%	1.36%	0.67%
TJX	A	0.73%	0.28%	0.28%
TMO	F	0.26%	0.31%	0.26%
TMUS	B	0.29%	0.4%	0.29%
TROW	B	0.23%	0.08%	0.08%
TRV	B	0.49%	0.28%	0.28%
TSLA	B	1.26%	0.7%	0.7%
TT	A	0.69%	0.12%	0.12%
TWLO	A	0.02%	0.07%	0.02%
TXT	D	0.51%	0.07%	0.07%
UBER	D	0.14%	0.11%	0.11%
UNH	C	0.57%	1.58%	0.57%
UNP	C	0.73%	0.25%	0.25%
UTHR	C	0.05%	0.04%	0.04%
V	A	0.47%	0.74%	0.47%
VST	B	0.11%	0.18%	0.11%
VZ	C	0.18%	1.14%	0.18%
WDAY	B	0.16%	0.06%	0.06%
WM	A	0.38%	0.16%	0.16%
WMT	A	0.8%	1.3%	0.8%
XEL	A	0.21%	0.18%	0.18%
XOM	B	1.54%	2.41%	1.54%
ZM	B	0.52%	0.05%	0.05%

FHEQ Overweight 49 Positions Relative to IUS

Symbol	Grade	Weight
JPM	A	1.82%
GOOG	C	1.74%
BAC	A	1.17%
NEE	D	0.73%
SCHW	B	0.56%
SEIC	B	0.54%
C	A	0.54%
CVNA	B	0.52%
DBX	B	0.51%
ZBRA	B	0.47%
IGT	F	0.45%
ALLE	D	0.44%
EXEL	B	0.43%
ALRM	C	0.4%
CME	A	0.37%
BK	A	0.36%
TDC	D	0.35%
ANF	C	0.33%
MEDP	D	0.31%
SKYW	B	0.29%
SPGI	C	0.28%
INCY	C	0.27%
IDXX	F	0.26%
AMT	D	0.24%
BLK	C	0.23%
GL	B	0.2%
DOCU	A	0.18%
LNW	D	0.17%
SPG	B	0.16%
MS	A	0.16%
PEGA	A	0.16%
TPH	D	0.15%
WFC	A	0.15%
VEEV	C	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	D	0.11%
PLTK	B	0.1%
DOC	D	0.08%
L	A	0.07%
TENB	C	0.06%
CRUS	D	0.06%
LYFT	C	0.06%
BLD	D	0.05%
QGEN	D	0.04%
SCCO	F	0.04%
MHO	D	0.02%
UNM	A	0.01%
OGE	B	0.01%

FHEQ Underweight 426 Positions Relative to IUS

Symbol	Grade	Weight
GM	B	-0.96%
COP	C	-0.68%
MPC	D	-0.65%
MCK	B	-0.63%
IBM	C	-0.54%
ACN	C	-0.48%
LOW	D	-0.47%
VLO	C	-0.47%
PSX	C	-0.46%
COR	B	-0.45%
UPS	C	-0.43%
CB	C	-0.43%
KO	D	-0.43%
INTC	D	-0.42%
LUMN	C	-0.42%
PEP	F	-0.41%
BKNG	A	-0.41%
ELV	F	-0.39%
LIN	D	-0.39%
DE	A	-0.38%
ABT	B	-0.38%
FDX	B	-0.37%
FI	A	-0.36%
MDT	D	-0.34%
CHTR	C	-0.34%
MO	A	-0.34%
CNC	D	-0.32%
HON	B	-0.31%
MCD	D	-0.29%
OXY	D	-0.28%
ADM	D	-0.28%
KMI	A	-0.28%
WBD	C	-0.28%
HUM	C	-0.26%
BX	A	-0.26%
TXN	C	-0.26%
TGT	F	-0.25%
LNG	B	-0.25%
NKE	D	-0.25%
KHC	F	-0.22%
HCA	F	-0.22%
DELL	C	-0.22%
HPE	B	-0.21%
SBUX	A	-0.21%
DHR	F	-0.21%
AMD	F	-0.2%
LEN	D	-0.2%
GD	F	-0.19%
INTU	C	-0.19%
SLB	C	-0.18%
BKR	B	-0.18%
HPQ	B	-0.18%
HIG	B	-0.18%
SYY	B	-0.18%
TSN	B	-0.18%
OKE	A	-0.18%
DOW	F	-0.18%
JCI	C	-0.17%
DHI	D	-0.17%
EXC	C	-0.17%
FANG	D	-0.16%
CMI	A	-0.16%
MAR	B	-0.16%
AON	A	-0.16%
VTRS	A	-0.15%
SYK	C	-0.15%
APD	A	-0.15%
EMR	A	-0.15%
FOXA	B	-0.15%
CTVA	C	-0.14%
URI	B	-0.14%
IP	B	-0.14%
CTSH	B	-0.14%
CBRE	B	-0.14%
ITW	B	-0.14%
PH	A	-0.14%
ED	D	-0.14%
MRO	B	-0.14%
REGN	F	-0.14%
DD	D	-0.14%
TRGP	B	-0.14%
EXPE	B	-0.14%
CTRA	B	-0.13%
GLW	B	-0.13%
ISRG	A	-0.13%
ABNB	C	-0.13%
LYB	F	-0.13%
BG	F	-0.13%
STLD	B	-0.13%
GIS	D	-0.13%
SHW	A	-0.13%
ORLY	B	-0.13%
NEM	D	-0.13%
AZO	C	-0.13%
BBY	D	-0.13%
UNFI	A	-0.12%
BSX	B	-0.12%
SNEX	B	-0.12%
PFGC	B	-0.12%
CCL	B	-0.12%
BLDR	D	-0.12%
ACI	C	-0.12%
EBAY	D	-0.12%
WBA	F	-0.12%
FCX	D	-0.12%
KMB	D	-0.11%
RCL	A	-0.11%
RGA	A	-0.11%
CARR	D	-0.11%
JBL	B	-0.11%
VRTX	F	-0.11%
KDP	D	-0.11%
BA	F	-0.11%
FLEX	A	-0.11%
SNX	C	-0.11%
PPL	B	-0.1%
LH	C	-0.1%
X	C	-0.1%
HAL	C	-0.1%
CF	B	-0.1%
EG	C	-0.1%
EQIX	A	-0.1%
CNP	B	-0.1%
USFD	A	-0.1%
EQT	B	-0.1%
PHM	D	-0.1%
DTE	C	-0.1%
WTW	B	-0.1%
STZ	D	-0.1%
PARA	C	-0.1%
EA	A	-0.1%
ACGL	D	-0.1%
APP	B	-0.1%
FE	C	-0.09%
GWW	B	-0.09%
TAP	C	-0.09%
SW	A	-0.09%
ZIM	C	-0.09%
ZTS	D	-0.09%
MRVL	B	-0.09%
OVV	B	-0.09%
MOS	F	-0.09%
DINO	D	-0.09%
MELI	D	-0.09%
WKC	D	-0.09%
APH	A	-0.09%
ADSK	A	-0.08%
WRB	A	-0.08%
R	B	-0.08%
EXPD	D	-0.08%
PWR	A	-0.08%
UAL	A	-0.08%
ARW	D	-0.08%
DXC	B	-0.08%
K	A	-0.08%
RS	B	-0.08%
HES	B	-0.08%
VRSK	A	-0.08%
CHRW	C	-0.08%
LAD	A	-0.08%
FAST	B	-0.07%
UHS	D	-0.07%
BERY	B	-0.07%
WHR	B	-0.07%
ZBH	C	-0.07%
NRG	B	-0.07%
DG	F	-0.07%
IQV	D	-0.07%
WCN	A	-0.07%
ORI	A	-0.07%
MCO	B	-0.07%
OMC	C	-0.07%
PANW	C	-0.07%
TOL	B	-0.07%
MOH	F	-0.07%
OC	A	-0.07%
PKG	A	-0.07%
MCHP	D	-0.07%
DGX	A	-0.07%
NVR	D	-0.07%
SWK	D	-0.07%
AMCR	D	-0.07%
WAB	B	-0.07%
KMX	B	-0.07%
THC	D	-0.07%
ROP	B	-0.07%
IFF	D	-0.07%
TX	F	-0.07%
CAR	C	-0.07%
DAL	C	-0.06%
GPI	A	-0.06%
SNA	A	-0.06%
ROK	B	-0.06%
SATS	D	-0.06%
VMC	B	-0.06%
FTV	C	-0.06%
DLTR	F	-0.06%
IR	B	-0.06%
LVS	C	-0.06%
J	F	-0.06%
RNR	C	-0.06%
GPC	D	-0.06%
DKS	C	-0.06%
ON	D	-0.06%
CPAY	A	-0.06%
AIZ	A	-0.06%
OMF	A	-0.06%
LBRDK	C	-0.06%
IRM	D	-0.06%
TPR	B	-0.06%
TSCO	D	-0.06%
PBF	D	-0.06%
NTAP	C	-0.06%
NWSA	B	-0.06%
PAYX	C	-0.06%
CAG	D	-0.06%
WY	D	-0.06%
SNPS	B	-0.06%
DRI	B	-0.06%
SJM	D	-0.06%
BAX	D	-0.06%
JLL	D	-0.06%
CMS	C	-0.06%
HSY	F	-0.06%
HOLX	D	-0.05%
MNST	C	-0.05%
TMHC	B	-0.05%
BALL	D	-0.05%
AR	B	-0.05%
IPG	D	-0.05%
CSL	C	-0.05%
LYV	A	-0.05%
LULU	C	-0.05%
MHK	D	-0.05%
TDY	B	-0.05%
BJ	A	-0.05%
SWKS	F	-0.05%
CZR	F	-0.05%
COHR	B	-0.05%
LEA	D	-0.05%
CDNS	B	-0.05%
JBHT	C	-0.05%
BFH	B	-0.05%
KNX	B	-0.05%
NDAQ	A	-0.05%
WSM	B	-0.05%
M	D	-0.05%
ULTA	F	-0.05%
KEYS	A	-0.05%
TDS	B	-0.05%
SSNC	B	-0.05%
CASY	A	-0.05%
A	D	-0.05%
EME	C	-0.05%
AN	C	-0.05%
ARMK	B	-0.05%
ALB	C	-0.05%
CPNG	D	-0.05%
LKQ	D	-0.05%
MLM	B	-0.05%
AFG	A	-0.05%
HRL	D	-0.05%
OTIS	C	-0.05%
VFC	C	-0.05%
BWA	D	-0.05%
GDDY	A	-0.05%
APTV	D	-0.05%
CNX	A	-0.05%
CDW	F	-0.05%
NCLH	B	-0.05%
DOV	A	-0.05%
ODFL	B	-0.05%
EMN	D	-0.05%
APA	D	-0.05%
CLF	F	-0.05%
ACM	A	-0.05%
MUSA	A	-0.05%
DVA	B	-0.05%
AVT	C	-0.05%
WCC	B	-0.05%
TPG	A	-0.05%
EFX	F	-0.04%
KD	B	-0.04%
SBAC	D	-0.04%
KSS	F	-0.04%
AMG	B	-0.04%
STX	D	-0.04%
XYL	D	-0.04%
OLN	D	-0.04%
MAN	D	-0.04%
GPK	C	-0.04%
FFIV	B	-0.04%
RMD	C	-0.04%
BR	A	-0.04%
PVH	C	-0.04%
CIVI	D	-0.04%
INGR	B	-0.04%
STE	F	-0.04%
WDC	D	-0.04%
RPM	A	-0.04%
AGCO	D	-0.04%
GT	C	-0.04%
IT	C	-0.04%
SCI	B	-0.04%
RRX	B	-0.04%
RH	B	-0.04%
H	B	-0.04%
HST	C	-0.04%
AA	B	-0.04%
TTWO	A	-0.04%
PENN	C	-0.04%
FAF	A	-0.04%
CHRD	D	-0.04%
KBH	D	-0.04%
DOX	D	-0.04%
CHD	B	-0.04%
EL	F	-0.04%
HTZ	C	-0.04%
MAS	D	-0.04%
AES	F	-0.04%
THO	B	-0.04%
NXST	C	-0.04%
FLR	B	-0.04%
CEG	D	-0.04%
ABG	B	-0.04%
JNPR	F	-0.04%
BURL	A	-0.04%
RL	B	-0.04%
AKAM	D	-0.04%
CMC	B	-0.04%
UGI	A	-0.04%
TDG	D	-0.04%
BTU	B	-0.04%
HSIC	B	-0.04%
CCK	C	-0.04%
EW	C	-0.04%
BECN	B	-0.04%
MKC	D	-0.04%
YUM	B	-0.03%
MTN	C	-0.03%
DK	C	-0.03%
SIG	B	-0.03%
PII	D	-0.03%
CE	F	-0.03%
AVTR	F	-0.03%
MTD	D	-0.03%
SAIC	F	-0.03%
AAL	B	-0.03%
WSC	D	-0.03%
ALGN	D	-0.03%
TNET	D	-0.03%
FSLR	F	-0.03%
VVV	F	-0.03%
ARCH	B	-0.03%
VRSN	F	-0.03%
MTH	D	-0.03%
HUN	F	-0.03%
HAS	D	-0.03%
OSK	B	-0.03%
NFG	A	-0.03%
HOG	D	-0.03%
POOL	C	-0.03%
ANSS	B	-0.03%
HRB	D	-0.03%
CPB	D	-0.03%
DAR	C	-0.03%
PR	B	-0.03%
BC	C	-0.03%
RHI	B	-0.03%
HII	D	-0.03%
LUV	C	-0.03%
NU	C	-0.03%
FBIN	D	-0.03%
SKX	D	-0.03%
GXO	B	-0.03%
SM	B	-0.03%
RRC	B	-0.03%
MTDR	B	-0.03%
SNOW	C	-0.03%
AVY	D	-0.03%
BEN	C	-0.03%
TW	A	-0.03%
OGS	A	-0.03%
DECK	A	-0.03%
ALV	C	-0.03%
MUR	D	-0.03%
POST	C	-0.03%
HUBB	B	-0.03%
CPRT	A	-0.03%
UFPI	B	-0.03%
ILMN	D	-0.03%
BRO	B	-0.03%
TGNA	B	-0.03%
CBOE	B	-0.03%
ANDE	D	-0.03%
JAZZ	B	-0.03%
FYBR	D	-0.03%
JHG	A	-0.03%
WSO	A	-0.03%
DAN	D	-0.02%
ODP	F	-0.02%
DXCM	D	-0.02%
AAP	C	-0.02%
XRX	F	-0.02%
CPRI	F	-0.02%
MRNA	F	-0.02%
TER	D	-0.02%
CNM	D	-0.02%
PINS	D	-0.02%
ELAN	D	-0.02%
NSIT	F	-0.02%
AOS	F	-0.02%
IAC	D	-0.02%
WU	D	-0.02%
ASO	F	-0.02%
CVI	F	-0.02%
AMR	C	-0.02%
SON	D	-0.02%
HP	B	-0.02%
PRGO	B	-0.02%
NOV	C	-0.02%
ADNT	F	-0.02%
CSGP	D	-0.02%
WST	C	-0.02%
AMKR	D	-0.02%
ATKR	C	-0.01%