FHEQ vs. PTL ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Northern Lights Fund Trust IV Inspire 500 ETF (PTL)
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
PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$224.62

Average Daily Volume

7,636

Number of Holdings *

478

* may have additional holdings in another (foreign) market
Performance
Period FHEQ PTL
30 Days 2.51% 5.09%
60 Days 3.80% 5.71%
90 Days 4.54% 7.67%
12 Months
49 Overlapping Holdings
Symbol Grade Weight in FHEQ Weight in PTL Overlap
ADP B 0.16% 0.86% 0.16%
AME A 0.22% 0.31% 0.22%
ANET C 0.08% 0.83% 0.08%
AVGO D 1.49% 5.22% 1.49%
BLD D 0.05% 0.08% 0.05%
CACI D 0.3% 0.07% 0.07%
CAT B 0.48% 1.22% 0.48%
CINF A 0.12% 0.16% 0.12%
CSX B 0.43% 0.47% 0.43%
CTAS B 0.66% 0.61% 0.61%
CVNA B 0.52% 0.33% 0.33%
DOC D 0.08% 0.1% 0.08%
DOCU A 0.18% 0.11% 0.11%
DVN F 0.53% 0.18% 0.18%
EOG A 0.43% 0.56% 0.43%
EXEL B 0.43% 0.07% 0.07%
FTNT C 0.24% 0.48% 0.24%
GAP C 0.18% 0.05% 0.05%
GEHC F 0.17% 0.26% 0.17%
GEN B 0.13% 0.12% 0.12%
GL B 0.2% 0.07% 0.07%
HD A 1.32% 2.69% 1.32%
IDXX F 0.26% 0.25% 0.25%
INCY C 0.27% 0.1% 0.1%
KLAC D 0.54% 0.58% 0.54%
L A 0.07% 0.13% 0.07%
MEDP D 0.31% 0.08% 0.08%
MKL A 0.09% 0.15% 0.09%
MSCI C 0.49% 0.31% 0.31%
NBIX C 0.11% 0.09% 0.09%
NEE D 0.73% 1.08% 0.73%
NSC B 0.26% 0.42% 0.26%
NUE C 0.32% 0.24% 0.24%
OGE B 0.01% 0.06% 0.01%
PCAR B 0.42% 0.4% 0.4%
PGR A 0.63% 1.06% 0.63%
PSA D 0.19% 0.4% 0.19%
QCOM F 0.84% 1.24% 0.84%
QRVO F 0.11% 0.04% 0.04%
RSG A 0.2% 0.46% 0.2%
SCCO F 0.04% 0.52% 0.04%
SEIC B 0.54% 0.07% 0.07%
SOLV C 0.12% 0.09% 0.09%
SPG B 0.16% 0.41% 0.16%
UTHR C 0.05% 0.11% 0.05%
VEEV C 0.12% 0.25% 0.12%
VST B 0.11% 0.29% 0.11%
WM A 0.38% 0.6% 0.38%
XOM B 1.54% 3.74% 1.54%
FHEQ Overweight 119 Positions Relative to PTL
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%
MA C 1.34%
TSLA B 1.26%
NFLX A 1.26%
BAC A 1.17%
CRM B 1.09%
ABBV D 1.0%
ADBE C 0.93%
PM B 0.92%
PG A 0.87%
CMCSA B 0.83%
WMT A 0.8%
CSCO B 0.79%
LLY F 0.76%
UNP C 0.73%
TJX A 0.73%
GILD C 0.73%
AMAT F 0.7%
MRK F 0.69%
TT A 0.69%
LMT D 0.69%
BMY B 0.68%
T A 0.67%
CI F 0.63%
ECL D 0.62%
JNJ D 0.61%
SQ B 0.59%
BDX F 0.59%
CL D 0.58%
UNH C 0.57%
DIS B 0.57%
NOC D 0.56%
SCHW B 0.56%
PFE D 0.56%
C A 0.54%
PYPL B 0.54%
ZM B 0.52%
MMC B 0.52%
TXT D 0.51%
DBX B 0.51%
CMG B 0.49%
TRV B 0.49%
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%
AXP A 0.43%
CAH B 0.4%
ALRM C 0.4%
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%
GRMN B 0.31%
TMUS B 0.29%
SKYW B 0.29%
SPGI C 0.28%
HWM A 0.27%
MSI B 0.26%
TMO F 0.26%
AMT D 0.24%
AMGN D 0.24%
BLK C 0.23%
TROW B 0.23%
LRCX F 0.23%
LHX C 0.23%
MGM D 0.22%
CVS D 0.22%
MMM D 0.22%
BIIB F 0.21%
XEL A 0.21%
CLX B 0.2%
HLT A 0.18%
VZ C 0.18%
LNW D 0.17%
FTI A 0.17%
WDAY 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%
DASH A 0.12%
BBWI D 0.11%
KR B 0.11%
ROST C 0.1%
PLTK B 0.1%
BAH F 0.09%
ALL A 0.07%
BCC B 0.07%
MDLZ F 0.07%
TENB C 0.06%
CRUS D 0.06%
LYFT C 0.06%
ORCL B 0.04%
QGEN D 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%
FHEQ Underweight 429 Positions Relative to PTL
Symbol Grade Weight
LIN D -1.49%
ISRG A -1.34%
LOW D -1.01%
PLTR B -0.98%
PANW C -0.89%
UPS C -0.77%
PLD D -0.76%
APP B -0.76%
ELV F -0.67%
SHW A -0.65%
REGN F -0.63%
ICE C -0.62%
GEV B -0.62%
PH A -0.61%
SNPS B -0.6%
APH A -0.6%
WELL A -0.58%
MSTR C -0.58%
MRVL B -0.57%
FDX B -0.55%
COIN C -0.54%
IBKR A -0.53%
EMR A -0.5%
OKE A -0.48%
ORLY B -0.47%
SLB C -0.44%
DLR B -0.43%
KMI A -0.43%
TTD B -0.43%
ROP B -0.42%
AFL B -0.42%
CEG D -0.41%
FANG D -0.4%
FCX D -0.4%
DHI D -0.39%
FICO B -0.39%
MNST C -0.37%
CPRT A -0.37%
URI B -0.37%
NEM D -0.35%
AZO C -0.35%
PAYX C -0.35%
LNG B -0.35%
COR B -0.34%
AIG B -0.34%
FAST B -0.33%
VLO C -0.33%
LEN D -0.33%
PWR A -0.33%
OXY D -0.33%
ODFL B -0.33%
VRT B -0.33%
KVUE A -0.32%
TRGP B -0.32%
DDOG A -0.32%
CCI D -0.31%
BKR B -0.31%
PCG A -0.31%
PEG A -0.3%
SNOW C -0.3%
CPNG D -0.3%
EW C -0.3%
IR B -0.29%
VRSK A -0.28%
DAL C -0.27%
VMC B -0.26%
IQV D -0.26%
EXC C -0.26%
YUM B -0.25%
EXR D -0.25%
RMD C -0.25%
OTIS C -0.25%
MLM B -0.25%
SYY B -0.24%
FCNCA A -0.24%
TPL A -0.24%
MCHP D -0.24%
OWL A -0.23%
DXCM D -0.23%
ED D -0.23%
NET B -0.23%
CSGP D -0.23%
TTWO A -0.23%
WEC A -0.22%
BRO B -0.22%
ZS C -0.22%
ETR B -0.22%
EFX F -0.22%
IOT A -0.21%
ON D -0.21%
ANSS B -0.21%
KEYS A -0.2%
RKT F -0.2%
HAL C -0.2%
TW A -0.2%
EQR B -0.2%
LYB F -0.19%
DECK A -0.19%
NVR D -0.19%
MPWR F -0.19%
PHM D -0.19%
DOV A -0.19%
AWK D -0.19%
TSCO D -0.19%
VLTO D -0.18%
CPAY A -0.18%
TYL B -0.18%
VTR C -0.18%
ADM D -0.18%
EME C -0.17%
ROL B -0.17%
RF A -0.17%
MTD D -0.17%
DTE C -0.17%
NTAP C -0.17%
CBOE B -0.16%
WY D -0.16%
ATO A -0.16%
IFF D -0.16%
TKO B -0.16%
TOST B -0.16%
LII A -0.16%
AFRM B -0.16%
SBAC D -0.16%
TSN B -0.16%
WST C -0.16%
FE C -0.16%
HUBB B -0.16%
GFS C -0.16%
AEE A -0.16%
WRB A -0.16%
CDW F -0.16%
STE F -0.15%
BLDR D -0.15%
MKC D -0.15%
IP B -0.15%
STLD B -0.15%
WDC D -0.15%
INVH D -0.15%
WSM B -0.15%
ERIE D -0.15%
ES D -0.15%
PKG A -0.15%
WSO A -0.15%
MDB C -0.15%
CSL C -0.14%
FSLR F -0.14%
CTRA B -0.14%
CNP B -0.14%
UI A -0.14%
CMS C -0.14%
LH C -0.14%
ESS B -0.14%
NTNX A -0.13%
HOLX D -0.13%
SSNC B -0.13%
XPO B -0.13%
SNA A -0.13%
JBHT C -0.13%
PODD C -0.13%
ARE D -0.13%
MAA B -0.13%
CHWY B -0.12%
USFD A -0.12%
IEX B -0.12%
DG F -0.12%
MAS D -0.12%
TRMB B -0.12%
GPC D -0.12%
SUI D -0.12%
NWSA B -0.12%
RS B -0.12%
ALGN D -0.12%
MRO B -0.12%
TER D -0.12%
OC A -0.12%
BAX D -0.12%
CRBG B -0.12%
NRG B -0.12%
RYAN B -0.12%
MOH F -0.12%
RPM A -0.12%
CASY A -0.11%
RGA A -0.11%
FLEX A -0.11%
SMMT D -0.11%
TOL B -0.11%
COHR B -0.11%
ENTG D -0.11%
GWRE A -0.11%
BSY D -0.11%
RPRX D -0.11%
JEF A -0.11%
CF B -0.11%
J F -0.11%
WLK D -0.11%
EXPD D -0.11%
FIX A -0.11%
SMCI F -0.11%
NI A -0.11%
MANH D -0.11%
CPB D -0.1%
CLH B -0.1%
POOL C -0.1%
SFM A -0.1%
RVTY F -0.1%
ELS C -0.1%
UHS D -0.1%
FFIV B -0.1%
REG B -0.1%
AGR B -0.1%
DLTR F -0.1%
AMH D -0.1%
NDSN B -0.1%
GGG B -0.1%
THC D -0.1%
EVRG A -0.1%
EWBC A -0.1%
UDR B -0.1%
DT C -0.1%
SAIA B -0.1%
KMX B -0.09%
TXRH C -0.09%
JKHY D -0.09%
SCI B -0.09%
WPC D -0.09%
BG F -0.09%
PFGC B -0.09%
OVV B -0.09%
OKTA C -0.09%
HST C -0.09%
INSM C -0.09%
LAMR D -0.09%
BXP D -0.09%
CAG D -0.09%
PR B -0.09%
SN D -0.09%
HLI B -0.09%
PAYC B -0.09%
CPT B -0.09%
CW B -0.09%
EPAM C -0.09%
EDR A -0.09%
JBL B -0.09%
DVA B -0.09%
SWKS F -0.09%
MUSA A -0.08%
PCTY B -0.08%
AA B -0.08%
FND C -0.08%
CUBE D -0.08%
KNSL B -0.08%
ATR B -0.08%
MTZ B -0.08%
PCVX D -0.08%
ACI C -0.08%
GMED A -0.08%
BJ A -0.08%
FHN A -0.08%
LECO B -0.08%
LW C -0.08%
PPC C -0.08%
SF B -0.08%
EVR B -0.08%
JNPR F -0.08%
AFG A -0.08%
RRX B -0.08%
ITT A -0.08%
CHRW C -0.08%
UHAL D -0.08%
ALB C -0.08%
BIO D -0.07%
ITCI C -0.07%
LAD A -0.07%
BRBR A -0.07%
ALSN B -0.07%
RBC A -0.07%
FRT B -0.07%
EHC B -0.07%
PNFP B -0.07%
DOX D -0.07%
AYI B -0.07%
RVMD C -0.07%
AOS F -0.07%
REXR F -0.07%
RGLD C -0.07%
ORI A -0.07%
PRI A -0.07%
PEN B -0.07%
KNTK B -0.07%
WING D -0.07%
WMS D -0.07%
AR B -0.07%
CFLT B -0.07%
DTM B -0.07%
UWMC D -0.07%
GNRC B -0.07%
AAON B -0.07%
WAL B -0.07%
CR A -0.07%
AIT A -0.07%
HLNE B -0.07%
MLI C -0.07%
PCOR B -0.07%
LBRDA C -0.07%
EXP A -0.07%
MKTX D -0.07%
WCC B -0.07%
OHI C -0.07%
PAG B -0.07%
COKE C -0.07%
PNW B -0.07%
GTLB B -0.07%
GME C -0.07%
WBS A -0.07%
TTEK F -0.07%
BWXT B -0.07%
WTRG B -0.07%
CCK C -0.07%
APG B -0.07%
TREX C -0.06%
NNN D -0.06%
ONTO D -0.06%
RLI B -0.06%
BRKR D -0.06%
BERY B -0.06%
OLED D -0.06%
PB A -0.06%
INFA D -0.06%
CHE D -0.06%
TTC D -0.06%
RRC B -0.06%
SSB B -0.06%
APPF B -0.06%
MHK D -0.06%
CHRD D -0.06%
EGP F -0.06%
APA D -0.06%
AUR C -0.06%
FYBR D -0.06%
DINO D -0.06%
HESM B -0.06%
HQY B -0.06%
ENSG D -0.06%
MTSI B -0.06%
AXTA A -0.06%
CRS A -0.06%
PLNT A -0.06%
GPK C -0.06%
SUM B -0.06%
ALTR B -0.06%
WTFC A -0.06%
FLR B -0.06%
ROIV C -0.06%
ZION B -0.06%
DCI B -0.06%
KNX B -0.06%
FBIN D -0.06%
CIEN B -0.06%
FOUR B -0.06%
CFR B -0.06%
BRX A -0.06%
S B -0.06%
ENPH F -0.06%
TPX B -0.06%
ESTC C -0.06%
CNM D -0.06%
SITE D -0.05%
AN C -0.05%
AMKR D -0.05%
COLD D -0.05%
CGNX C -0.05%
MTH D -0.05%
SATS D -0.05%
NUVL D -0.05%
AGCO D -0.05%
WFRD D -0.05%
WSC D -0.05%
GNTX C -0.05%
STAG F -0.05%
SPSC C -0.05%
WTS B -0.05%
CELH F -0.05%
STWD C -0.05%
ATI D -0.05%
NPAB B -0.05%
HCP B -0.05%
PATH C -0.05%
FCN D -0.05%
FR C -0.05%
MTN C -0.05%
MSA D -0.05%
BWA D -0.05%
LSCC D -0.05%
WEX D -0.05%
RHI B -0.05%
AM A -0.05%
DLB B -0.05%
TMHC B -0.05%
JAZZ B -0.05%
KBR F -0.05%
BOKF B -0.05%
MIDD C -0.05%
SSD D -0.05%
GKOS B -0.05%
LPX B -0.05%
MKSI C -0.05%
ADC B -0.05%
VNO B -0.05%
FRPT B -0.05%
AGNC D -0.05%
RGEN D -0.05%
G B -0.05%
KEX C -0.05%
U C -0.05%
UFPI B -0.05%
SAIC F -0.04%
IBP D -0.04%
ESNT D -0.04%
LNTH D -0.04%
TRNO F -0.04%
ARW D -0.04%
VKTX F -0.04%
LSTR D -0.04%
ELAN D -0.04%
BFAM D -0.04%
POST C -0.04%
ACHC F -0.03%
LCID F -0.03%
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