FHEQ vs. MGV ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Vanguard Mega Cap Value ETF (MGV)

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

MGV

Vanguard Mega Cap Value ETF

MGV Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Value Index, which represents the value companies of the CRSP US Mega Cap Index. The index is a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$132.26

Average Daily Volume

225,298

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	MGV
30 Days	2.51%	2.46%
60 Days	3.80%	3.73%
90 Days	4.54%	5.92%
12 Months		30.27%

64 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in MGV	Overlap
ABBV	D	1.0%	2.12%	1.0%
ADP	B	0.16%	0.35%	0.16%
AMGN	D	0.24%	1.01%	0.24%
AVGO	D	1.49%	2.33%	1.49%
AXP	A	0.43%	0.79%	0.43%
BAC	A	1.17%	1.72%	1.17%
BDX	F	0.59%	0.4%	0.4%
BK	A	0.36%	0.33%	0.33%
BLK	C	0.23%	0.81%	0.23%
BMY	B	0.68%	0.67%	0.67%
BRK.A	B	2.19%	1.49%	1.49%
BRK.A	B	2.19%	3.35%	2.19%
C	A	0.54%	0.69%	0.54%
CAT	B	0.48%	1.07%	0.48%
CI	F	0.63%	0.52%	0.52%
CL	D	0.58%	0.45%	0.45%
CMCSA	B	0.83%	0.99%	0.83%
CME	A	0.37%	0.48%	0.37%
CSCO	B	0.79%	1.17%	0.79%
CSX	B	0.43%	0.38%	0.38%
CVS	D	0.22%	0.42%	0.22%
CVX	A	0.02%	1.52%	0.02%
DIS	B	0.57%	0.51%	0.51%
EOG	A	0.43%	0.41%	0.41%
ETN	A	0.15%	0.78%	0.15%
F	C	0.15%	0.24%	0.15%
GE	D	0.45%	1.04%	0.45%
GILD	C	0.73%	0.65%	0.65%
HD	A	1.32%	2.3%	1.32%
JNJ	D	0.61%	2.26%	0.61%
JPM	A	1.82%	3.72%	1.82%
LMT	D	0.69%	0.77%	0.69%
MDLZ	F	0.07%	0.54%	0.07%
MMC	B	0.52%	0.63%	0.52%
MMM	D	0.22%	0.42%	0.22%
MRK	F	0.69%	1.53%	0.69%
MS	A	0.16%	0.83%	0.16%
MU	D	0.47%	0.65%	0.47%
NEE	D	0.73%	0.96%	0.73%
NOC	D	0.56%	0.44%	0.44%
NSC	B	0.26%	0.33%	0.26%
ORCL	B	0.04%	1.63%	0.04%
PFE	D	0.56%	0.94%	0.56%
PG	A	0.87%	2.28%	0.87%
PGR	A	0.63%	0.84%	0.63%
PM	B	0.92%	1.21%	0.92%
PSA	D	0.19%	0.31%	0.19%
PYPL	B	0.54%	0.48%	0.48%
QCOM	F	0.84%	1.07%	0.84%
RSG	A	0.2%	0.24%	0.2%
RTX	C	0.44%	0.95%	0.44%
SCHW	B	0.56%	0.63%	0.56%
SPG	B	0.16%	0.15%	0.15%
T	A	0.67%	0.95%	0.67%
TMO	F	0.26%	1.23%	0.26%
TRV	B	0.49%	0.33%	0.33%
TT	A	0.69%	0.49%	0.49%
UNH	C	0.57%	3.07%	0.57%
UNP	C	0.73%	0.83%	0.73%
VZ	C	0.18%	0.94%	0.18%
WFC	A	0.15%	1.3%	0.15%
WM	A	0.38%	0.51%	0.38%
WMT	A	0.8%	2.13%	0.8%
XOM	B	1.54%	3.05%	1.54%

FHEQ Overweight 105 Positions Relative to MGV

Symbol	Grade	Weight
AAPL	C	7.31%
NVDA	C	7.27%
MSFT	F	5.64%
AMZN	C	3.64%
META	D	2.87%
GOOGL	C	2.02%
GOOG	C	1.74%
MA	C	1.34%
TSLA	B	1.26%
NFLX	A	1.26%
CRM	B	1.09%
ADBE	C	0.93%
LLY	F	0.76%
TJX	A	0.73%
AMAT	F	0.7%
CTAS	B	0.66%
ECL	D	0.62%
SQ	B	0.59%
SEIC	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%
ZBRA	B	0.47%
V	A	0.47%
IGT	F	0.45%
COST	B	0.45%
ALLE	D	0.44%
EXEL	B	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
TDC	D	0.35%
PPG	F	0.34%
NOW	A	0.34%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
MEDP	D	0.31%
GRMN	B	0.31%
CACI	D	0.3%
TMUS	B	0.29%
SKYW	B	0.29%
SPGI	C	0.28%
HWM	A	0.27%
INCY	C	0.27%
MSI	B	0.26%
IDXX	F	0.26%
FTNT	C	0.24%
AMT	D	0.24%
TROW	B	0.23%
LRCX	F	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
BIIB	F	0.21%
XEL	A	0.21%
GL	B	0.2%
CLX	B	0.2%
GAP	C	0.18%
DOCU	A	0.18%
HLT	A	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
WDAY	B	0.16%
PEGA	A	0.16%
TPH	D	0.15%
UBER	D	0.14%
GEN	B	0.13%
DASH	A	0.12%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	D	0.11%
QRVO	F	0.11%
VST	B	0.11%
KR	B	0.11%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	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%
SCCO	F	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 71 Positions Relative to MGV

Symbol	Grade	Weight
KO	D	-1.49%
PEP	F	-1.34%
ABT	B	-1.16%
IBM	C	-1.12%
GS	A	-0.96%
DHR	F	-0.94%
LOW	D	-0.88%
HON	B	-0.79%
COP	C	-0.75%
FI	A	-0.67%
MDT	D	-0.67%
ADI	D	-0.65%
ACN	C	-0.64%
CB	C	-0.64%
LIN	D	-0.64%
PLD	D	-0.62%
DE	A	-0.62%
SO	D	-0.59%
UPS	C	-0.58%
MO	A	-0.55%
ELV	F	-0.55%
REGN	F	-0.54%
KKR	A	-0.54%
ICE	C	-0.53%
DUK	C	-0.52%
INTC	D	-0.49%
PH	A	-0.48%
USB	A	-0.44%
ITW	B	-0.43%
APD	A	-0.41%
TGT	F	-0.41%
GD	F	-0.4%
FCX	D	-0.38%
HCA	F	-0.38%
MCK	B	-0.38%
FDX	B	-0.36%
BX	A	-0.36%
SYK	C	-0.36%
PNC	B	-0.36%
EMR	A	-0.36%
AFL	B	-0.35%
COF	B	-0.35%
GM	B	-0.34%
ROP	B	-0.34%
TFC	A	-0.34%
AEP	D	-0.31%
SRE	A	-0.31%
PSX	C	-0.3%
MPC	D	-0.29%
KMB	D	-0.27%
NKE	D	-0.27%
MET	A	-0.27%
CCI	D	-0.27%
VLO	C	-0.23%
AON	A	-0.22%
STZ	D	-0.22%
KDP	D	-0.21%
DELL	C	-0.2%
WMB	A	-0.19%
OXY	D	-0.19%
CHTR	C	-0.18%
HUM	C	-0.18%
SLB	C	-0.17%
D	C	-0.15%
JCI	C	-0.15%
KHC	F	-0.15%
KMI	A	-0.14%
AIG	B	-0.14%
PAYX	C	-0.13%
GEV	B	-0.12%
EL	F	-0.02%