FHEQ vs. PINK ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Simplify Health Care ETF (PINK)

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

PINK

Simplify Health Care ETF

PINK Description

Simplify Exchange Traded Funds - Simplify Health Care ETF seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its assets (plus any borrowings for investment purposes) in securities of U.S. health care companies. The fund adviser defines health care companies as companies included in the Global Industry Classification Standard health care sector. The fund will typically invest in 50 – 100 health care companies. The adviser generally seeks investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems.

Grade (RS Rating)

Last Trade

$30.91

Average Daily Volume

116,648

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	PINK
30 Days	2.51%	-3.36%
60 Days	3.80%	-5.96%
90 Days	4.54%	-6.16%
12 Months		24.32%

12 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in PINK	Overlap
ABBV	D	1.0%	3.88%	1.0%
BIIB	F	0.21%	0.19%	0.19%
BMY	B	0.68%	0.02%	0.02%
CI	F	0.63%	3.01%	0.63%
GILD	C	0.73%	3.35%	0.73%
JNJ	D	0.61%	4.56%	0.61%
LLY	F	0.76%	7.03%	0.76%
MMM	D	0.22%	2.24%	0.22%
MRK	F	0.69%	0.0%	0.0%
TMO	F	0.26%	3.54%	0.26%
UNH	C	0.57%	4.94%	0.57%
VEEV	C	0.12%	0.28%	0.12%

FHEQ Overweight 156 Positions Relative to PINK

Symbol	Grade	Weight
AAPL	C	7.31%
NVDA	C	7.27%
MSFT	F	5.64%
AMZN	C	3.64%
META	D	2.87%
BRK.A	B	2.19%
GOOGL	C	2.02%
JPM	A	1.82%
GOOG	C	1.74%
XOM	B	1.54%
AVGO	D	1.49%
MA	C	1.34%
HD	A	1.32%
TSLA	B	1.26%
NFLX	A	1.26%
BAC	A	1.17%
CRM	B	1.09%
ADBE	C	0.93%
PM	B	0.92%
PG	A	0.87%
QCOM	F	0.84%
CMCSA	B	0.83%
WMT	A	0.8%
CSCO	B	0.79%
NEE	D	0.73%
UNP	C	0.73%
TJX	A	0.73%
AMAT	F	0.7%
TT	A	0.69%
LMT	D	0.69%
T	A	0.67%
CTAS	B	0.66%
PGR	A	0.63%
ECL	D	0.62%
SQ	B	0.59%
BDX	F	0.59%
CL	D	0.58%
DIS	B	0.57%
NOC	D	0.56%
SCHW	B	0.56%
PFE	D	0.56%
SEIC	B	0.54%
C	A	0.54%
PYPL	B	0.54%
KLAC	D	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
MMC	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
MSCI	C	0.49%
CMG	B	0.49%
TRV	B	0.49%
CAT	B	0.48%
MU	D	0.47%
ZBRA	B	0.47%
V	A	0.47%
GE	D	0.45%
IGT	F	0.45%
COST	B	0.45%
ALLE	D	0.44%
RTX	C	0.44%
EOG	A	0.43%
CSX	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
WM	A	0.38%
CME	A	0.37%
BK	A	0.36%
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%
NSC	B	0.26%
FTNT	C	0.24%
AMT	D	0.24%
AMGN	D	0.24%
BLK	C	0.23%
TROW	B	0.23%
LRCX	F	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
CVS	D	0.22%
XEL	A	0.21%
RSG	A	0.2%
GL	B	0.2%
CLX	B	0.2%
PSA	D	0.19%
GAP	C	0.18%
DOCU	A	0.18%
HLT	A	0.18%
VZ	C	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
ADP	B	0.16%
WDAY	B	0.16%
SPG	B	0.16%
MS	A	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
ETN	A	0.15%
WFC	A	0.15%
UBER	D	0.14%
GEN	B	0.13%
DASH	A	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%
MDLZ	F	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%
ORCL	B	0.04%
QGEN	D	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
CVX	A	0.02%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 39 Positions Relative to PINK

Symbol	Grade	Weight
SRPT	D	-10.02%
PCT	C	-7.0%
SNY	F	-4.89%
ZTS	D	-4.86%
ISRG	A	-4.75%
REGN	F	-4.19%
CHWY	B	-2.24%
TNDM	F	-2.02%
TFX	F	-2.0%
MYGN	F	-1.98%
ELV	F	-1.89%
RVTY	F	-1.29%
RPRX	D	-1.11%
TUA	F	-1.05%
IQV	D	-0.95%
ITCI	C	-0.94%
AVTR	F	-0.91%
EXAS	D	-0.83%
ABT	B	-0.67%
AKRO	B	-0.66%
ARGX	A	-0.55%
THC	D	-0.54%
FULC	F	-0.52%
HCA	F	-0.4%
ESTA	D	-0.39%
SNDX	F	-0.34%
LIVN	F	-0.31%
AGL	F	-0.28%
SYK	C	-0.27%
BMRN	D	-0.25%
TECH	D	-0.25%
DHR	F	-0.24%
HSIC	B	-0.18%
ZBH	C	-0.16%
BSX	B	-0.04%
VLTO	D	-0.03%
INSM	C	-0.02%
MASI	A	-0.01%
EMBC	C	-0.01%