FHEQ vs. ROUS ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Lattice U.S. Equity Strategy ETF (ROUS)

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

$28.04

Average Daily Volume

25,044

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$54.39

Average Daily Volume

59,678

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	ROUS
30 Days	2.91%	5.92%
60 Days	4.05%	5.26%
90 Days	5.96%	7.56%
12 Months		31.14%

88 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in ROUS	Overlap
AAPL	A	7.31%	1.21%	1.21%
ABBV	D	1.0%	0.85%	0.85%
ADBE	C	0.93%	0.15%	0.15%
ALL	A	0.07%	0.14%	0.07%
AMAT	F	0.7%	0.27%	0.27%
AMGN	F	0.24%	0.35%	0.24%
AMZN	B	3.64%	0.49%	0.49%
ANET	C	0.08%	0.32%	0.08%
ANF	C	0.33%	0.04%	0.04%
AVGO	D	1.49%	0.61%	0.61%
BAC	A	1.17%	0.11%	0.11%
BAH	F	0.09%	0.16%	0.09%
BK	A	0.36%	0.48%	0.36%
BMY	B	0.68%	0.32%	0.32%
BRK.A	B	2.19%	0.72%	0.72%
C	B	0.54%	0.34%	0.34%
CACI	D	0.3%	0.23%	0.23%
CAH	B	0.4%	0.17%	0.17%
CAT	B	0.48%	0.19%	0.19%
CI	D	0.63%	0.24%	0.24%
CINF	A	0.12%	0.52%	0.12%
CL	D	0.58%	0.44%	0.44%
CMCSA	C	0.83%	0.36%	0.36%
COST	A	0.45%	0.57%	0.45%
CRUS	D	0.06%	0.33%	0.06%
CSCO	A	0.79%	0.82%	0.79%
CTAS	A	0.66%	0.44%	0.44%
CVS	D	0.22%	0.46%	0.22%
CVX	A	0.02%	0.21%	0.02%
DBX	C	0.51%	0.43%	0.43%
DVN	F	0.53%	0.1%	0.1%
ECL	D	0.62%	0.18%	0.18%
EOG	C	0.43%	0.62%	0.43%
EXEL	A	0.43%	0.29%	0.29%
FTNT	B	0.24%	0.07%	0.07%
GEN	A	0.13%	0.21%	0.13%
GILD	B	0.73%	0.68%	0.68%
GOOGL	C	2.02%	1.19%	1.19%
GRMN	B	0.31%	0.3%	0.3%
HD	B	1.32%	0.81%	0.81%
INCY	B	0.27%	0.39%	0.27%
JNJ	D	0.61%	1.1%	0.61%
JPM	B	1.82%	0.81%	0.81%
KLAC	D	0.54%	0.27%	0.27%
KR	A	0.11%	0.83%	0.11%
L	A	0.07%	0.1%	0.07%
LDOS	D	0.32%	0.1%	0.1%
LLY	D	0.76%	0.71%	0.71%
LMT	D	0.69%	0.38%	0.38%
LRCX	D	0.23%	0.17%	0.17%
MA	A	1.34%	0.38%	0.38%
META	D	2.87%	0.75%	0.75%
MKL	A	0.09%	0.33%	0.09%
MMM	C	0.22%	0.14%	0.14%
MRK	D	0.69%	0.85%	0.69%
MSFT	C	5.64%	1.09%	1.09%
MSI	B	0.26%	0.82%	0.26%
NEE	D	0.73%	0.09%	0.09%
NOC	D	0.56%	0.08%	0.08%
NOW	A	0.34%	0.05%	0.05%
NVDA	C	7.27%	1.0%	1.0%
OGE	A	0.01%	0.08%	0.01%
ORCL	B	0.04%	0.66%	0.04%
PCAR	B	0.42%	0.3%	0.3%
PG	A	0.87%	0.66%	0.66%
PGR	A	0.63%	0.23%	0.23%
PM	A	0.92%	0.34%	0.34%
PPG	D	0.34%	0.16%	0.16%
PSA	C	0.19%	0.07%	0.07%
QCOM	F	0.84%	0.48%	0.48%
RSG	A	0.2%	0.2%	0.2%
SPG	A	0.16%	0.07%	0.07%
T	A	0.67%	0.91%	0.67%
TJX	A	0.73%	0.28%	0.28%
TMUS	A	0.29%	0.75%	0.29%
TRV	B	0.49%	0.39%	0.39%
TT	A	0.69%	0.24%	0.24%
UNH	B	0.57%	1.02%	0.57%
UNM	A	0.01%	0.43%	0.01%
UTHR	B	0.05%	0.4%	0.05%
V	A	0.47%	0.39%	0.39%
VST	B	0.11%	0.19%	0.11%
VZ	B	0.18%	0.86%	0.18%
WFC	A	0.15%	0.22%	0.15%
WM	A	0.38%	0.31%	0.31%
WMT	A	0.8%	1.13%	0.8%
XEL	A	0.21%	0.28%	0.21%
XOM	C	1.54%	0.82%	0.82%

FHEQ Overweight 80 Positions Relative to ROUS

Symbol	Grade	Weight
GOOG	C	1.74%
TSLA	B	1.26%
NFLX	B	1.26%
CRM	B	1.09%
UNP	C	0.73%
SQ	C	0.59%
BDX	F	0.59%
DIS	B	0.57%
SCHW	A	0.56%
PFE	D	0.56%
SEIC	A	0.54%
PYPL	B	0.54%
ZM	B	0.52%
CVNA	B	0.52%
MMC	A	0.52%
TXT	D	0.51%
MSCI	B	0.49%
CMG	B	0.49%
MU	D	0.47%
ZBRA	A	0.47%
GE	C	0.45%
IGT	F	0.45%
ALLE	D	0.44%
RTX	D	0.44%
CSX	B	0.43%
AXP	A	0.43%
ALRM	C	0.4%
CME	A	0.37%
TDC	D	0.35%
NUE	D	0.32%
MEDP	D	0.31%
SKYW	A	0.29%
SPGI	B	0.28%
HWM	B	0.27%
TMO	F	0.26%
IDXX	F	0.26%
NSC	A	0.26%
AMT	D	0.24%
BLK	C	0.23%
TROW	A	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	F	0.22%
BIIB	F	0.21%
GL	C	0.2%
CLX	C	0.2%
GAP	C	0.18%
DOCU	B	0.18%
HLT	A	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
ADP	A	0.16%
WDAY	C	0.16%
MS	C	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	C	0.15%
ETN	A	0.15%
UBER	D	0.14%
DASH	A	0.12%
VEEV	B	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	C	0.11%
QRVO	F	0.11%
ROST	C	0.1%
PLTK	B	0.1%
DOC	C	0.08%
BCC	B	0.07%
MDLZ	F	0.07%
TENB	C	0.06%
LYFT	C	0.06%
BLD	D	0.05%
QGEN	D	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
MHO	C	0.02%
TWLO	B	0.02%
NWL	B	0.01%

FHEQ Underweight 257 Positions Relative to ROUS

Symbol	Grade	Weight
HPQ	B	-1.1%
NTAP	B	-1.07%
DELL	C	-0.91%
HPE	B	-0.87%
IBM	C	-0.87%
CVLT	A	-0.78%
EA	B	-0.78%
CTSH	A	-0.72%
AVT	C	-0.69%
FICO	A	-0.67%
MUSA	A	-0.64%
TXN	D	-0.62%
MTB	B	-0.62%
MO	A	-0.6%
GWW	A	-0.59%
APH	B	-0.58%
MCK	B	-0.56%
FOXA	C	-0.56%
HUM	C	-0.55%
GDDY	A	-0.54%
GLW	B	-0.54%
NRG	B	-0.53%
IT	C	-0.53%
SHW	A	-0.5%
FAST	A	-0.49%
CMI	A	-0.48%
ALSN	B	-0.48%
HRB	D	-0.47%
VLO	C	-0.47%
ACN	B	-0.44%
RPM	B	-0.43%
EME	B	-0.42%
FFIV	A	-0.42%
SW	B	-0.42%
ACI	C	-0.41%
ELV	F	-0.41%
RS	B	-0.4%
MLI	C	-0.4%
KMB	C	-0.39%
NXPI	D	-0.38%
AXS	A	-0.38%
SANM	B	-0.38%
CHRW	C	-0.37%
ETR	A	-0.37%
FDX	B	-0.36%
VRSN	C	-0.36%
JNPR	F	-0.36%
ORLY	A	-0.36%
LNG	A	-0.35%
VNT	C	-0.35%
NYT	D	-0.34%
CDW	F	-0.33%
CB	C	-0.33%
TER	D	-0.33%
VRTX	D	-0.33%
BBY	D	-0.33%
SYF	A	-0.32%
BMI	C	-0.32%
TSCO	D	-0.32%
RMD	C	-0.32%
EBAY	C	-0.32%
VICI	C	-0.32%
AFL	A	-0.32%
GPC	D	-0.32%
LOW	C	-0.31%
STLD	B	-0.31%
AZO	B	-0.31%
NSIT	D	-0.31%
ORI	A	-0.31%
CDNS	B	-0.3%
DUK	C	-0.3%
GPI	B	-0.29%
WSM	B	-0.29%
WTM	A	-0.29%
YUM	B	-0.29%
KEYS	B	-0.28%
RHI	C	-0.28%
OTIS	C	-0.28%
DGX	B	-0.28%
PHM	D	-0.28%
PEP	F	-0.27%
EG	C	-0.27%
DLB	B	-0.27%
COR	A	-0.27%
RF	B	-0.27%
SNA	A	-0.26%
MPC	D	-0.26%
ALKS	B	-0.26%
SO	C	-0.26%
ITW	A	-0.26%
HSY	F	-0.26%
CASY	B	-0.26%
PRU	A	-0.25%
LOPE	B	-0.25%
KD	A	-0.25%
STT	A	-0.25%
BKNG	A	-0.25%
SNX	C	-0.25%
MAS	D	-0.25%
PEG	A	-0.25%
SYY	C	-0.25%
NFG	B	-0.25%
GPK	C	-0.24%
CRBG	B	-0.24%
ACGL	D	-0.24%
DTE	C	-0.24%
ED	C	-0.24%
R	A	-0.23%
AIT	A	-0.23%
AEP	C	-0.23%
MANH	C	-0.23%
NVR	D	-0.23%
HBAN	B	-0.23%
PKG	A	-0.23%
DCI	A	-0.23%
AYI	C	-0.22%
LSTR	C	-0.22%
AN	B	-0.22%
PNC	A	-0.21%
DKS	C	-0.21%
MCHP	D	-0.21%
OC	B	-0.2%
OGN	D	-0.2%
SON	D	-0.2%
WSO	B	-0.2%
HCA	F	-0.19%
RDN	B	-0.19%
DHI	D	-0.19%
IRM	C	-0.19%
ARW	D	-0.19%
SNPS	B	-0.19%
ROP	B	-0.19%
PPL	A	-0.19%
FLO	C	-0.19%
VRSK	A	-0.19%
DY	D	-0.18%
MDT	D	-0.17%
UFPI	B	-0.17%
ADC	A	-0.17%
FITB	B	-0.17%
LYB	F	-0.17%
FE	D	-0.17%
REGN	F	-0.16%
STX	D	-0.16%
JBL	C	-0.16%
SKX	D	-0.16%
CBT	D	-0.16%
RNR	C	-0.16%
CMC	B	-0.15%
BSX	B	-0.15%
SWKS	D	-0.15%
FLEX	B	-0.15%
ASGN	D	-0.15%
MTG	B	-0.14%
MCD	D	-0.14%
ABT	B	-0.14%
O	D	-0.14%
SFM	A	-0.14%
ROL	A	-0.14%
WEC	A	-0.14%
AEE	A	-0.14%
OMC	C	-0.14%
BPOP	B	-0.14%
RGA	A	-0.14%
FCN	D	-0.14%
GIS	D	-0.14%
CHE	D	-0.13%
COKE	C	-0.13%
LAMR	C	-0.13%
PANW	B	-0.13%
USB	A	-0.13%
DOV	A	-0.13%
RL	B	-0.13%
AVB	A	-0.12%
PSTG	D	-0.12%
POR	C	-0.12%
EIX	A	-0.12%
FANG	F	-0.12%
LII	B	-0.12%
EQR	A	-0.12%
MTD	D	-0.11%
INTU	C	-0.11%
BLDR	D	-0.11%
UMBF	B	-0.1%
VMI	A	-0.1%
CNC	F	-0.1%
CBOE	B	-0.1%
BJ	B	-0.1%
AMCR	D	-0.1%
FSS	B	-0.1%
TGT	F	-0.09%
KO	D	-0.09%
HUBB	B	-0.09%
AIZ	A	-0.09%
ADI	D	-0.09%
WELL	A	-0.09%
CHRD	F	-0.09%
MMS	F	-0.08%
KNF	A	-0.08%
INGR	B	-0.08%
GLPI	B	-0.08%
ACIW	B	-0.08%
COP	D	-0.08%
EXC	C	-0.08%
CSWI	B	-0.07%
GWRE	A	-0.07%
APPF	B	-0.07%
SRE	B	-0.07%
NNN	D	-0.07%
ATR	B	-0.07%
JHG	A	-0.07%
LNC	B	-0.06%
PTC	A	-0.06%
SPSC	C	-0.06%
GD	F	-0.06%
NXST	C	-0.05%
AKAM	D	-0.05%
AWI	A	-0.05%
MOG.A	B	-0.05%
BR	A	-0.05%
ADSK	B	-0.05%
HON	B	-0.05%
FELE	B	-0.04%
CCI	D	-0.04%
COF	B	-0.04%
BCO	D	-0.04%
EPRT	A	-0.04%
IP	B	-0.04%
ITCI	B	-0.04%
D	C	-0.04%
SLGN	A	-0.03%
ITRI	B	-0.03%
ADM	D	-0.03%
JCI	C	-0.03%
NWSA	B	-0.03%
LFUS	D	-0.03%
CF	B	-0.03%
CIEN	B	-0.02%
PAYX	B	-0.02%
SYK	B	-0.02%
SEE	C	-0.02%
CHTR	B	-0.02%
MSA	C	-0.02%
VTR	C	-0.02%
EHC	A	-0.02%
OHI	C	-0.02%
LIN	D	-0.02%
FHN	B	-0.02%
PSX	C	-0.02%
AIG	B	-0.02%
AAON	B	-0.02%
AVY	D	-0.01%
MPWR	F	-0.01%
MTH	D	-0.01%
ONB	B	-0.01%
AOS	F	-0.01%
WPC	D	-0.01%