FHEQ vs. LRND ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to IQ U.S. Large Cap R&D Leaders ETF (LRND)

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

$27.23

Average Daily Volume

20,635

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

LRND

IQ U.S. Large Cap R&D Leaders ETF

LRND Description

IQ U.S. Large Cap R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the IQ U.S. Large Cap R&D Leaders Index, by using full replication technique. IQ U.S. Large Cap R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.51

Average Daily Volume

589

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	LRND
30 Days	0.61%	0.85%
60 Days	5.93%	7.79%
90 Days	7.96%	12.11%
12 Months		32.58%

45 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in LRND	Overlap
AAPL	C	7.51%	5.99%	5.99%
ABBV	B	1.14%	1.55%	1.14%
ADBE	D	0.92%	0.68%	0.68%
AMAT	D	0.77%	0.58%	0.58%
AMD	F	0.01%	1.11%	0.01%
AMGN	D	0.28%	1.0%	0.28%
AMZN	A	3.01%	8.32%	3.01%
AVGO	B	1.75%	1.64%	1.64%
BDX	D	0.62%	0.23%	0.23%
BIIB	F	0.25%	0.34%	0.25%
BMY	A	0.72%	2.13%	0.72%
CAT	B	0.85%	0.43%	0.43%
CRM	B	1.1%	1.11%	1.1%
CSCO	A	0.78%	1.65%	0.78%
DASH	B	0.11%	0.24%	0.11%
EXEL	A	0.4%	0.25%	0.25%
F	F	0.14%	1.52%	0.14%
GE	D	0.46%	0.33%	0.33%
GEHC	D	0.18%	0.24%	0.18%
GILD	A	0.76%	1.2%	0.76%
GOOGL	B	1.93%	8.92%	1.93%
INCY	A	0.23%	0.53%	0.23%
JNJ	D	0.64%	2.84%	0.64%
KLAC	F	0.55%	0.22%	0.22%
LLY	F	0.94%	1.8%	0.94%
LMT	D	0.73%	0.28%	0.28%
META	B	3.02%	6.61%	3.02%
MMM	D	0.22%	0.3%	0.22%
MRK	F	0.72%	3.14%	0.72%
MSFT	D	5.86%	5.4%	5.4%
MU	C	0.48%	0.72%	0.48%
NFLX	A	1.16%	0.58%	0.58%
NOC	D	0.59%	0.23%	0.23%
NVDA	B	7.47%	2.36%	2.36%
ORCL	B	0.04%	1.76%	0.04%
PFE	D	0.65%	2.0%	0.65%
PG	D	0.86%	0.37%	0.37%
PYPL	B	0.53%	0.6%	0.53%
QCOM	F	0.87%	1.64%	0.87%
RTX	C	0.47%	0.57%	0.47%
SQ	C	0.53%	0.59%	0.53%
TMO	D	0.73%	0.23%	0.23%
TSLA	B	0.93%	0.92%	0.92%
UBER	C	0.28%	0.6%	0.28%
WDAY	D	0.15%	0.47%	0.15%

FHEQ Overweight 112 Positions Relative to LRND

Symbol	Grade	Weight
BRK.A	D	2.04%
GOOG	B	1.88%
JPM	B	1.67%
XOM	B	1.54%
MA	B	1.32%
HD	B	1.3%
BAC	B	1.08%
PM	A	0.93%
CMCSA	B	0.82%
WMT	A	0.79%
SPGI	D	0.78%
UNP	D	0.72%
TJX	D	0.7%
ANET	B	0.67%
TT	B	0.66%
CTAS	B	0.65%
T	B	0.64%
ECL	D	0.62%
CI	D	0.62%
NEE	D	0.62%
PGR	C	0.61%
CL	D	0.59%
MSCI	B	0.57%
CMG	D	0.56%
UNH	D	0.55%
CSX	D	0.55%
MMC	C	0.55%
DBX	B	0.54%
VZ	D	0.54%
CVNA	B	0.54%
SEIC	A	0.53%
CACI	A	0.53%
ZM	A	0.53%
TRV	B	0.52%
SCHW	B	0.5%
IGT	F	0.5%
C	B	0.49%
TXT	D	0.47%
ETN	B	0.45%
COST	C	0.44%
DVN	F	0.44%
DIS	C	0.41%
ALLE	D	0.41%
V	A	0.41%
PCAR	B	0.4%
AXP	B	0.4%
CAH	C	0.39%
TDC	D	0.38%
CME	B	0.37%
WM	B	0.36%
PPG	F	0.35%
LDOS	A	0.34%
BK	A	0.34%
ANF	F	0.34%
MEDP	F	0.33%
NUE	F	0.31%
WTW	A	0.29%
NSC	B	0.25%
EOG	F	0.25%
GRMN	A	0.24%
SKYW	A	0.24%
HWM	B	0.24%
XEL	B	0.23%
MPWR	F	0.23%
MSI	B	0.23%
CVS	F	0.22%
PEGA	A	0.2%
NBIX	D	0.2%
CLX	C	0.19%
PSA	D	0.19%
GL	C	0.19%
GAP	C	0.18%
ALRM	D	0.18%
CNC	D	0.17%
HLT	B	0.17%
DOCU	A	0.17%
LNW	D	0.17%
FTI	B	0.16%
SPG	A	0.15%
ADP	A	0.15%
SOLV	B	0.14%
MS	A	0.14%
QRVO	F	0.14%
TPH	D	0.14%
FTNT	C	0.12%
VEEV	C	0.12%
GEN	B	0.12%
KR	A	0.11%
CINF	B	0.11%
UTHR	A	0.1%
ROST	D	0.1%
VST	C	0.09%
PLTK	B	0.09%
MDLZ	F	0.08%
UHS	D	0.08%
L	D	0.07%
CRUS	F	0.07%
TMUS	B	0.07%
BBWI	D	0.07%
IFF	D	0.06%
ALL	D	0.06%
CCL	B	0.05%
STLD	B	0.05%
SCCO	B	0.05%
LYFT	C	0.05%
OGE	A	0.04%
AMT	D	0.04%
KO	D	0.03%
MGM	D	0.03%
CVX	B	0.02%
MHO	D	0.02%
NWL	B	0.01%

FHEQ Underweight 54 Positions Relative to LRND

Symbol	Grade	Weight
INTC	C	-3.18%
GM	A	-2.01%
VRTX	A	-1.59%
IBM	D	-1.31%
BA	F	-0.7%
MRNA	F	-0.7%
REGN	F	-0.61%
DELL	B	-0.59%
MDT	B	-0.54%
ABT	A	-0.53%
EA	A	-0.52%
INTU	D	-0.51%
TEAM	B	-0.49%
HPE	B	-0.47%
NOW	A	-0.47%
DE	C	-0.44%
SNPS	C	-0.4%
MRVL	A	-0.4%
ABNB	C	-0.37%
TXN	B	-0.37%
PANW	B	-0.37%
LRCX	F	-0.36%
WDC	C	-0.36%
SPOT	B	-0.34%
HPQ	B	-0.33%
CMI	A	-0.32%
RIVN	F	-0.31%
SNOW	C	-0.31%
RBLX	B	-0.3%
CTVA	A	-0.29%
BSX	B	-0.29%
HON	B	-0.29%
ADSK	A	-0.29%
EXPE	A	-0.29%
ADI	C	-0.29%
CDNS	B	-0.29%
DHR	D	-0.28%
ILMN	A	-0.28%
EBAY	D	-0.27%
SYK	A	-0.26%
ACN	C	-0.26%
PINS	C	-0.23%
EW	D	-0.22%
ISRG	A	-0.22%
GLW	B	-0.22%
DDOG	B	-0.22%
JNPR	A	-0.22%
APTV	F	-0.21%
ALNY	C	-0.21%
CNH	B	-0.2%
U	C	-0.19%
NTAP	D	-0.19%
MCHP	F	-0.19%
LCID	F	-0.13%