FHEQ vs. LGH ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to HCM Defender 500 Index ETF (LGH)

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

LGH

HCM Defender 500 Index ETF

LGH Description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 500 Index (the HCM 500 index). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 500 index. The HCM 500 index seeks to outperform the Solactive US Large Cap Index using a proprietary methodology.

Grade (RS Rating)

Last Trade

$53.26

Average Daily Volume

21,924

Number of Holdings ^*

452

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	LGH
30 Days	2.51%	4.06%
60 Days	3.80%	5.93%
90 Days	4.54%	7.78%
12 Months		37.26%

125 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in LGH	Overlap
AAPL	C	7.31%	6.76%	6.76%
ABBV	D	1.0%	0.45%	0.45%
ADBE	C	0.93%	0.33%	0.33%
ADP	B	0.16%	0.18%	0.16%
ALL	A	0.07%	0.08%	0.07%
AMAT	F	0.7%	0.2%	0.2%
AME	A	0.22%	0.06%	0.06%
AMGN	D	0.24%	0.22%	0.22%
AMT	D	0.24%	0.14%	0.14%
AMZN	C	3.64%	3.64%	3.64%
ANET	C	0.08%	0.14%	0.08%
AVGO	D	1.49%	1.37%	1.37%
AXP	A	0.43%	0.24%	0.24%
BAC	A	1.17%	0.48%	0.48%
BAH	F	0.09%	0.02%	0.02%
BDX	F	0.59%	0.1%	0.1%
BIIB	F	0.21%	0.03%	0.03%
BK	A	0.36%	0.09%	0.09%
BLK	C	0.23%	0.21%	0.21%
BMY	B	0.68%	0.18%	0.18%
BRK.A	B	2.19%	1.2%	1.2%
C	A	0.54%	0.19%	0.19%
CAH	B	0.4%	0.04%	0.04%
CAT	B	0.48%	0.28%	0.28%
CI	F	0.63%	0.14%	0.14%
CINF	A	0.12%	0.03%	0.03%
CL	D	0.58%	0.12%	0.12%
CLX	B	0.2%	0.03%	0.03%
CMCSA	B	0.83%	0.26%	0.26%
CME	A	0.37%	0.11%	0.11%
CMG	B	0.49%	0.1%	0.1%
COST	B	0.45%	0.63%	0.45%
CRM	B	1.09%	0.45%	0.45%
CSCO	B	0.79%	0.34%	0.34%
CSX	B	0.43%	0.1%	0.1%
CTAS	B	0.66%	0.11%	0.11%
CVS	D	0.22%	0.11%	0.11%
CVX	A	0.02%	0.41%	0.02%
DASH	A	0.12%	0.07%	0.07%
DIS	B	0.57%	0.29%	0.29%
DVN	F	0.53%	0.04%	0.04%
ECL	D	0.62%	0.09%	0.09%
EOG	A	0.43%	0.11%	0.11%
ETN	A	0.15%	0.2%	0.15%
F	C	0.15%	0.06%	0.06%
FTNT	C	0.24%	0.09%	0.09%
GE	D	0.45%	0.28%	0.28%
GEHC	F	0.17%	0.04%	0.04%
GEN	B	0.13%	0.02%	0.02%
GILD	C	0.73%	0.17%	0.17%
GOOGL	C	2.02%	1.88%	1.88%
GRMN	B	0.31%	0.05%	0.05%
HD	A	1.32%	0.6%	0.6%
HLT	A	0.18%	0.09%	0.09%
HWM	A	0.27%	0.07%	0.07%
IDXX	F	0.26%	0.05%	0.05%
JNJ	D	0.61%	0.65%	0.61%
JPM	A	1.82%	1.34%	1.34%
KLAC	D	0.54%	0.12%	0.12%
KR	B	0.11%	0.07%	0.07%
LDOS	C	0.32%	0.03%	0.03%
LHX	C	0.23%	0.07%	0.07%
LLY	F	0.76%	1.21%	0.76%
LMT	D	0.69%	0.2%	0.2%
LPLA	A	0.03%	0.03%	0.03%
LRCX	F	0.23%	0.13%	0.13%
MA	C	1.34%	0.74%	0.74%
MDLZ	F	0.07%	0.13%	0.07%
META	D	2.87%	2.42%	2.42%
MKL	A	0.09%	0.03%	0.03%
MMC	B	0.52%	0.15%	0.15%
MMM	D	0.22%	0.1%	0.1%
MRK	F	0.69%	0.38%	0.38%
MS	A	0.16%	0.26%	0.16%
MSCI	C	0.49%	0.06%	0.06%
MSFT	F	5.64%	6.15%	5.64%
MSI	B	0.26%	0.11%	0.11%
MU	D	0.47%	0.16%	0.16%
NEE	D	0.73%	0.24%	0.24%
NFLX	A	1.26%	0.54%	0.54%
NOC	D	0.56%	0.11%	0.11%
NOW	A	0.34%	0.29%	0.29%
NSC	B	0.26%	0.09%	0.09%
NUE	C	0.32%	0.06%	0.06%
NVDA	C	7.27%	7.13%	7.13%
ORCL	B	0.04%	0.43%	0.04%
PCAR	B	0.42%	0.08%	0.08%
PFE	D	0.56%	0.22%	0.22%
PG	A	0.87%	0.61%	0.61%
PGR	A	0.63%	0.22%	0.22%
PM	B	0.92%	0.3%	0.3%
PPG	F	0.34%	0.04%	0.04%
PSA	D	0.19%	0.08%	0.08%
PYPL	B	0.54%	0.13%	0.13%
QCOM	F	0.84%	0.24%	0.24%
ROST	C	0.1%	0.07%	0.07%
RSG	A	0.2%	0.06%	0.06%
RTX	C	0.44%	0.25%	0.25%
SCHW	B	0.56%	0.16%	0.16%
SPG	B	0.16%	0.09%	0.09%
SPGI	C	0.28%	0.23%	0.23%
SQ	B	0.59%	0.08%	0.08%
T	A	0.67%	0.24%	0.24%
TJX	A	0.73%	0.2%	0.2%
TMO	F	0.26%	0.3%	0.26%
TMUS	B	0.29%	0.17%	0.17%
TROW	B	0.23%	0.04%	0.04%
TRV	B	0.49%	0.09%	0.09%
TSLA	B	1.26%	1.8%	1.26%
TT	A	0.69%	0.13%	0.13%
TXT	D	0.51%	0.02%	0.02%
UBER	D	0.14%	0.19%	0.14%
UNH	C	0.57%	1.04%	0.57%
UNP	C	0.73%	0.21%	0.21%
V	A	0.47%	0.96%	0.47%
VEEV	C	0.12%	0.05%	0.05%
VZ	C	0.18%	0.26%	0.18%
WDAY	B	0.16%	0.07%	0.07%
WFC	A	0.15%	0.39%	0.15%
WM	A	0.38%	0.13%	0.13%
WMT	A	0.8%	0.54%	0.54%
XEL	A	0.21%	0.06%	0.06%
XOM	B	1.54%	1.03%	1.03%
ZBRA	B	0.47%	0.03%	0.03%
ZM	B	0.52%	0.03%	0.03%

FHEQ Overweight 43 Positions Relative to LGH

Symbol	Grade	Weight
GOOG	C	1.74%
SEIC	B	0.54%
CVNA	B	0.52%
DBX	B	0.51%
IGT	F	0.45%
ALLE	D	0.44%
EXEL	B	0.43%
ALRM	C	0.4%
TDC	D	0.35%
ANF	C	0.33%
MEDP	D	0.31%
CACI	D	0.3%
SKYW	B	0.29%
INCY	C	0.27%
MGM	D	0.22%
GL	B	0.2%
GAP	C	0.18%
DOCU	A	0.18%
LNW	D	0.17%
FTI	A	0.17%
PEGA	A	0.16%
TPH	D	0.15%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	D	0.11%
QRVO	F	0.11%
VST	B	0.11%
PLTK	B	0.1%
DOC	D	0.08%
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%
SCCO	F	0.04%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 327 Positions Relative to LGH

Symbol	Grade	Weight
SPXL	B	-18.71%
KO	D	-0.36%
ACN	C	-0.35%
LIN	D	-0.32%
PEP	F	-0.32%
AMD	F	-0.32%
MCD	D	-0.31%
ABT	B	-0.3%
IBM	C	-0.3%
GS	A	-0.29%
ISRG	A	-0.28%
BKNG	A	-0.26%
TXN	C	-0.26%
INTU	C	-0.25%
LOW	D	-0.23%
DHR	F	-0.23%
HON	B	-0.21%
BX	A	-0.2%
BSX	B	-0.19%
FI	A	-0.19%
COP	C	-0.19%
SYK	C	-0.18%
CB	C	-0.17%
PANW	C	-0.17%
SBUX	A	-0.17%
VRTX	F	-0.17%
MDT	D	-0.17%
PLD	D	-0.16%
PLTR	B	-0.16%
DE	A	-0.16%
INTC	D	-0.15%
MO	A	-0.15%
ADI	D	-0.15%
NKE	D	-0.14%
ELV	F	-0.14%
SO	D	-0.14%
KKR	A	-0.14%
UPS	C	-0.14%
GEV	B	-0.13%
SHW	A	-0.13%
PH	A	-0.13%
DUK	C	-0.13%
CDNS	B	-0.12%
ITW	B	-0.12%
CRWD	B	-0.12%
CEG	D	-0.12%
EQIX	A	-0.12%
ZTS	D	-0.12%
GM	B	-0.12%
APH	A	-0.12%
PNC	B	-0.12%
ICE	C	-0.12%
MCK	B	-0.12%
AON	A	-0.11%
MCO	B	-0.11%
USB	A	-0.11%
WMB	A	-0.11%
REGN	F	-0.11%
MRVL	B	-0.11%
BA	F	-0.11%
SNPS	B	-0.11%
AJG	B	-0.1%
VRT	B	-0.1%
APO	B	-0.1%
TTD	B	-0.1%
COF	B	-0.1%
OKE	A	-0.1%
MAR	B	-0.1%
ORLY	B	-0.1%
WELL	A	-0.1%
HCA	F	-0.1%
EMR	A	-0.1%
SRE	A	-0.09%
KMI	A	-0.09%
AFL	B	-0.09%
SLB	C	-0.09%
COIN	C	-0.09%
GD	F	-0.09%
TFC	A	-0.09%
FCX	D	-0.09%
FDX	B	-0.09%
MPC	D	-0.09%
CARR	D	-0.09%
ADSK	A	-0.09%
APD	A	-0.09%
TDG	D	-0.08%
AIG	B	-0.08%
URI	B	-0.08%
ABNB	C	-0.08%
MET	A	-0.08%
ROP	B	-0.08%
TGT	F	-0.08%
AMP	A	-0.08%
JCI	C	-0.08%
PSX	C	-0.08%
DLR	B	-0.08%
CPRT	A	-0.07%
FAST	B	-0.07%
SNOW	C	-0.07%
PRU	A	-0.07%
AZO	C	-0.07%
TRGP	B	-0.07%
CTVA	C	-0.07%
PWR	A	-0.07%
FIS	C	-0.07%
FICO	B	-0.07%
RCL	A	-0.07%
AEP	D	-0.07%
PCG	A	-0.07%
CMI	A	-0.07%
VLO	C	-0.07%
D	C	-0.07%
LNG	B	-0.07%
DHI	D	-0.07%
GIS	D	-0.06%
SYY	B	-0.06%
VMC	B	-0.06%
O	D	-0.06%
EXC	C	-0.06%
STZ	D	-0.06%
HIG	B	-0.06%
LEN	D	-0.06%
DDOG	A	-0.06%
HES	B	-0.06%
DFS	B	-0.06%
VRSK	A	-0.06%
CTSH	B	-0.06%
AXON	A	-0.06%
OTIS	C	-0.06%
COR	B	-0.06%
ODFL	B	-0.06%
TEAM	A	-0.06%
A	D	-0.06%
GWW	B	-0.06%
CCI	D	-0.06%
EA	A	-0.06%
KVUE	A	-0.06%
EW	C	-0.06%
PAYX	C	-0.06%
CBRE	B	-0.06%
PEG	A	-0.06%
KMB	D	-0.06%
BKR	B	-0.06%
WTW	B	-0.05%
XYL	D	-0.05%
DOW	F	-0.05%
ROK	B	-0.05%
GPN	B	-0.05%
RJF	A	-0.05%
ED	D	-0.05%
GDDY	A	-0.05%
NET	B	-0.05%
CNC	D	-0.05%
OXY	D	-0.05%
AVB	B	-0.05%
RMD	C	-0.05%
EIX	B	-0.05%
ACGL	D	-0.05%
VICI	C	-0.05%
EXR	D	-0.05%
HPQ	B	-0.05%
EFX	F	-0.05%
WAB	B	-0.05%
TPL	A	-0.05%
MCHP	D	-0.05%
GLW	B	-0.05%
IQV	D	-0.05%
DD	D	-0.05%
MTB	A	-0.05%
CHTR	C	-0.05%
IT	C	-0.05%
DAL	C	-0.05%
YUM	B	-0.05%
IR	B	-0.05%
DELL	C	-0.05%
FITB	A	-0.05%
HUM	C	-0.05%
NEM	D	-0.05%
MLM	B	-0.05%
NTAP	C	-0.04%
CSL	C	-0.04%
SBAC	D	-0.04%
DTE	C	-0.04%
CHD	B	-0.04%
UAL	A	-0.04%
PTC	A	-0.04%
IFF	D	-0.04%
MTD	D	-0.04%
CDW	F	-0.04%
WY	D	-0.04%
BR	A	-0.04%
HBAN	A	-0.04%
WBD	C	-0.04%
RF	A	-0.04%
MPWR	F	-0.04%
HSY	F	-0.04%
TSCO	D	-0.04%
PPL	B	-0.04%
HPE	B	-0.04%
EQR	B	-0.04%
AWK	D	-0.04%
DXCM	D	-0.04%
KEYS	A	-0.04%
FANG	D	-0.04%
STT	A	-0.04%
ILMN	D	-0.04%
HAL	C	-0.04%
ADM	D	-0.04%
FTV	C	-0.04%
CSGP	D	-0.04%
MNST	C	-0.04%
ANSS	B	-0.04%
IRM	D	-0.04%
VTR	C	-0.04%
DOV	A	-0.04%
ALNY	D	-0.04%
ON	D	-0.04%
EBAY	D	-0.04%
ETR	B	-0.04%
NDAQ	A	-0.04%
KDP	D	-0.04%
TTWO	A	-0.04%
WEC	A	-0.04%
PHM	D	-0.04%
HUBS	A	-0.04%
RS	B	-0.03%
GPC	D	-0.03%
MKC	D	-0.03%
IP	B	-0.03%
EQT	B	-0.03%
TER	D	-0.03%
PFG	D	-0.03%
CMS	C	-0.03%
DGX	A	-0.03%
CFG	B	-0.03%
BALL	D	-0.03%
TRU	D	-0.03%
PINS	D	-0.03%
RBLX	C	-0.03%
MAA	B	-0.03%
LNT	A	-0.03%
ATO	A	-0.03%
STLD	B	-0.03%
BAX	D	-0.03%
OMC	C	-0.03%
BBY	D	-0.03%
CTRA	B	-0.03%
TSN	B	-0.03%
MDB	C	-0.03%
FSLR	F	-0.03%
TYL	B	-0.03%
WRB	A	-0.03%
STX	D	-0.03%
MAS	D	-0.03%
ZBH	C	-0.03%
LUV	C	-0.03%
ESS	B	-0.03%
STE	F	-0.03%
INVH	D	-0.03%
DRI	B	-0.03%
WAT	B	-0.03%
SMCI	F	-0.03%
LYB	F	-0.03%
HUBB	B	-0.03%
WDC	D	-0.03%
SYF	B	-0.03%
VLTO	D	-0.03%
DECK	A	-0.03%
BRO	B	-0.03%
WST	C	-0.03%
EXPE	B	-0.03%
LH	C	-0.03%
NTRS	A	-0.03%
ES	D	-0.03%
PKG	A	-0.03%
K	A	-0.03%
TDY	B	-0.03%
KHC	F	-0.03%
FE	C	-0.03%
CBOE	B	-0.03%
CPAY	A	-0.03%
NVR	D	-0.03%
AEE	A	-0.03%
ARES	A	-0.03%
AVTR	F	-0.02%
BMRN	D	-0.02%
JKHY	D	-0.02%
AKAM	D	-0.02%
BG	F	-0.02%
EVRG	A	-0.02%
RVTY	F	-0.02%
RPM	A	-0.02%
MRNA	F	-0.02%
KIM	A	-0.02%
SWKS	F	-0.02%
SSNC	B	-0.02%
VTRS	A	-0.02%
DLTR	F	-0.02%
CAG	D	-0.02%
EL	F	-0.02%
J	F	-0.02%
JBL	B	-0.02%
EXPD	D	-0.02%
SWK	D	-0.02%
DG	F	-0.02%
JBHT	C	-0.02%
LVS	C	-0.02%
POOL	C	-0.02%
FDS	B	-0.02%
ULTA	F	-0.02%
SUI	D	-0.02%
HOLX	D	-0.02%
ARE	D	-0.02%
ENTG	D	-0.02%
MOH	F	-0.02%
PODD	C	-0.02%
AVY	D	-0.02%
DPZ	C	-0.02%
IEX	B	-0.02%
MRO	B	-0.02%
TRMB	B	-0.02%
ALGN	D	-0.02%
CF	B	-0.02%
KEY	B	-0.02%
CNP	B	-0.02%
VRSN	F	-0.02%
WPC	D	-0.01%