FHEQ vs. LCDS ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to JPMorgan Fundamental Data Science Large Core ETF (LCDS)

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

$27.91

Average Daily Volume

24,874

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

LCDS

JPMorgan Fundamental Data Science Large Core ETF

LCDS Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities of large, well established companies. Many of the equity securities in the fund"s portfolio will be technology companies or companies that rely heavily on technological advances. In managing the fund, the adviser employs a fundamental data science enabled investment approach that combines research, data insights, and risk management. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.69

Average Daily Volume

102

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	LCDS
30 Days	2.45%	3.20%
60 Days	3.57%	4.49%
90 Days	4.91%	6.77%
12 Months

42 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in LCDS	Overlap
AAPL	B	7.31%	5.88%	5.88%
ABBV	D	1.0%	1.51%	1.0%
AMZN	C	3.64%	4.7%	3.64%
AVGO	D	1.49%	1.31%	1.31%
AXP	A	0.43%	1.46%	0.43%
BAC	A	1.17%	1.34%	1.17%
BMY	B	0.68%	1.47%	0.68%
BRK.A	B	2.19%	0.75%	0.75%
CI	D	0.63%	0.6%	0.6%
CMCSA	C	0.83%	1.24%	0.83%
CME	A	0.37%	0.76%	0.37%
CMG	B	0.49%	0.55%	0.49%
COST	B	0.45%	0.34%	0.34%
CRM	B	1.09%	1.25%	1.09%
CSX	B	0.43%	1.1%	0.43%
EOG	C	0.43%	1.14%	0.43%
GOOGL	C	2.02%	3.04%	2.02%
HLT	A	0.18%	0.63%	0.18%
HWM	B	0.27%	1.15%	0.27%
LDOS	D	0.32%	0.53%	0.32%
LLY	F	0.76%	1.11%	0.76%
LRCX	F	0.23%	0.22%	0.22%
MA	B	1.34%	1.98%	1.34%
MDLZ	F	0.07%	0.99%	0.07%
META	D	2.87%	3.39%	2.87%
MS	B	0.16%	0.66%	0.16%
MSFT	D	5.64%	7.47%	5.64%
MSI	C	0.26%	0.21%	0.21%
MU	D	0.47%	0.87%	0.47%
NEE	D	0.73%	0.73%	0.73%
NOC	D	0.56%	0.87%	0.56%
NVDA	C	7.27%	7.58%	7.27%
PGR	A	0.63%	1.02%	0.63%
PM	B	0.92%	1.45%	0.92%
SQ	B	0.59%	0.75%	0.59%
TJX	A	0.73%	0.53%	0.53%
TMUS	A	0.29%	0.69%	0.29%
TSLA	B	1.26%	1.14%	1.14%
TT	B	0.69%	1.32%	0.69%
UNH	B	0.57%	2.16%	0.57%
WFC	A	0.15%	2.44%	0.15%
XOM	C	1.54%	1.79%	1.54%

FHEQ Overweight 126 Positions Relative to LCDS

Symbol	Grade	Weight
JPM	B	1.82%
GOOG	C	1.74%
HD	A	1.32%
NFLX	B	1.26%
ADBE	C	0.93%
PG	A	0.87%
QCOM	F	0.84%
WMT	B	0.8%
CSCO	A	0.79%
UNP	C	0.73%
GILD	B	0.73%
AMAT	F	0.7%
MRK	F	0.69%
LMT	D	0.69%
T	A	0.67%
CTAS	B	0.66%
ECL	D	0.62%
JNJ	D	0.61%
BDX	F	0.59%
CL	D	0.58%
DIS	B	0.57%
SCHW	A	0.56%
PFE	D	0.56%
SEIC	A	0.54%
C	A	0.54%
PYPL	A	0.54%
KLAC	F	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
MMC	A	0.52%
TXT	D	0.51%
DBX	C	0.51%
MSCI	C	0.49%
TRV	B	0.49%
CAT	B	0.48%
ZBRA	A	0.47%
V	A	0.47%
GE	D	0.45%
IGT	F	0.45%
ALLE	D	0.44%
RTX	D	0.44%
EXEL	A	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	D	0.34%
NOW	B	0.34%
ANF	C	0.33%
NUE	D	0.32%
MEDP	F	0.31%
GRMN	A	0.31%
CACI	D	0.3%
SKYW	B	0.29%
SPGI	C	0.28%
INCY	C	0.27%
TMO	F	0.26%
IDXX	F	0.26%
NSC	A	0.26%
FTNT	C	0.24%
AMT	D	0.24%
AMGN	D	0.24%
BLK	C	0.23%
TROW	A	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	F	0.22%
CVS	D	0.22%
MMM	D	0.22%
BIIB	F	0.21%
XEL	A	0.21%
RSG	A	0.2%
GL	C	0.2%
CLX	C	0.2%
PSA	C	0.19%
GAP	C	0.18%
DOCU	A	0.18%
VZ	B	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
ADP	B	0.16%
WDAY	C	0.16%
SPG	C	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	C	0.15%
ETN	A	0.15%
UBER	D	0.14%
GEN	A	0.13%
DASH	A	0.12%
VEEV	B	0.12%
CINF	A	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	C	0.11%
QRVO	F	0.11%
VST	B	0.11%
KR	A	0.11%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
ANET	C	0.08%
DOC	C	0.08%
ALL	B	0.07%
BCC	B	0.07%
L	B	0.07%
TENB	C	0.06%
CRUS	F	0.06%
LYFT	C	0.06%
BLD	C	0.05%
UTHR	C	0.05%
ORCL	C	0.04%
QGEN	D	0.04%
SCCO	F	0.04%
LPLA	B	0.03%
CVX	B	0.02%
MHO	C	0.02%
TWLO	B	0.02%
UNM	A	0.01%
NWL	A	0.01%
OGE	A	0.01%

FHEQ Underweight 45 Positions Relative to LCDS

Symbol	Grade	Weight
SYK	C	-1.47%
LOW	C	-1.33%
UPS	C	-1.22%
AMP	B	-1.13%
HON	B	-1.12%
COP	D	-1.02%
NXPI	D	-0.93%
MET	A	-0.91%
REGN	F	-0.89%
INTU	C	-0.88%
SO	D	-0.87%
MCD	D	-0.87%
DHR	D	-0.76%
KO	D	-0.73%
DOV	A	-0.71%
FICO	B	-0.71%
DD	D	-0.71%
DLR	A	-0.7%
STX	D	-0.7%
PCG	B	-0.69%
APH	B	-0.68%
MDT	D	-0.66%
AXTA	A	-0.66%
TFC	B	-0.64%
SPOT	B	-0.62%
PLD	D	-0.61%
CMS	C	-0.59%
HPE	B	-0.58%
DE	B	-0.54%
AZO	C	-0.54%
CTSH	B	-0.48%
PFGC	A	-0.47%
VRTX	D	-0.45%
FCNCA	B	-0.41%
ELAN	F	-0.39%
WEX	F	-0.38%
BJ	B	-0.36%
MTG	B	-0.35%
SNPS	B	-0.32%
CHD	B	-0.3%
EQIX	A	-0.25%
SBUX	B	-0.14%
LIN	D	-0.13%
APTV	F	-0.11%
EL	F	-0.1%