FHEQ vs. SHE ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.89

Average Daily Volume

3,450

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	SHE
30 Days	2.51%	2.93%
60 Days	3.80%	5.56%
90 Days	4.54%	7.44%
12 Months		34.03%

69 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in SHE	Overlap
AAPL	C	7.31%	4.14%	4.14%
ALL	A	0.07%	0.18%	0.07%
AXP	A	0.43%	0.65%	0.43%
BAC	A	1.17%	1.2%	1.17%
BBWI	D	0.11%	0.04%	0.04%
BIIB	F	0.21%	0.09%	0.09%
BK	A	0.36%	0.21%	0.21%
C	A	0.54%	0.51%	0.51%
CAH	B	0.4%	0.11%	0.11%
CAT	B	0.48%	0.94%	0.48%
CI	F	0.63%	0.32%	0.32%
CL	D	0.58%	0.26%	0.26%
CLX	B	0.2%	0.08%	0.08%
CMG	B	0.49%	0.63%	0.49%
COST	B	0.45%	1.13%	0.45%
CSCO	B	0.79%	4.03%	0.79%
CVS	D	0.22%	0.25%	0.22%
CVX	A	0.02%	0.98%	0.02%
ECL	D	0.62%	0.2%	0.2%
EOG	A	0.43%	0.21%	0.21%
ETN	A	0.15%	0.51%	0.15%
FTNT	C	0.24%	1.08%	0.24%
GE	D	0.45%	0.58%	0.45%
GILD	C	0.73%	0.42%	0.42%
HLT	A	0.18%	0.53%	0.18%
IDXX	F	0.26%	0.14%	0.14%
INCY	C	0.27%	0.05%	0.05%
JNJ	D	0.61%	1.41%	0.61%
JPM	A	1.82%	2.69%	1.82%
KR	B	0.11%	0.15%	0.11%
LDOS	C	0.32%	0.1%	0.1%
LLY	F	0.76%	2.32%	0.76%
LPLA	A	0.03%	0.08%	0.03%
META	D	2.87%	4.59%	2.87%
MGM	D	0.22%	0.06%	0.06%
MMC	B	0.52%	0.43%	0.43%
MMM	D	0.22%	0.25%	0.22%
MRK	F	0.69%	0.89%	0.69%
MSFT	F	5.64%	4.17%	4.17%
NBIX	C	0.11%	0.04%	0.04%
NFLX	A	1.26%	1.78%	1.26%
NOC	D	0.56%	0.31%	0.31%
NSC	B	0.26%	0.18%	0.18%
NVDA	C	7.27%	4.79%	4.79%
PG	A	0.87%	1.5%	0.87%
PGR	A	0.63%	0.67%	0.63%
PSA	D	0.19%	0.19%	0.19%
ROST	C	0.1%	0.41%	0.1%
RTX	C	0.44%	0.5%	0.44%
SCHW	B	0.56%	0.47%	0.47%
SPG	B	0.16%	0.22%	0.16%
SPGI	C	0.28%	0.58%	0.28%
SQ	B	0.59%	0.17%	0.17%
T	A	0.67%	0.63%	0.63%
TJX	A	0.73%	1.21%	0.73%
TMUS	B	0.29%	0.52%	0.29%
TROW	B	0.23%	0.09%	0.09%
TT	A	0.69%	0.34%	0.34%
TWLO	A	0.02%	0.28%	0.02%
TXT	D	0.51%	0.05%	0.05%
UBER	D	0.14%	0.57%	0.14%
UNH	C	0.57%	1.75%	0.57%
UTHR	C	0.05%	0.06%	0.05%
V	A	0.47%	1.62%	0.47%
VST	B	0.11%	0.2%	0.11%
VZ	C	0.18%	0.77%	0.18%
WFC	A	0.15%	0.97%	0.15%
XEL	A	0.21%	0.12%	0.12%
XOM	B	1.54%	1.46%	1.46%

FHEQ Overweight 99 Positions Relative to SHE

Symbol	Grade	Weight
AMZN	C	3.64%
BRK.A	B	2.19%
GOOGL	C	2.02%
GOOG	C	1.74%
AVGO	D	1.49%
MA	C	1.34%
HD	A	1.32%
TSLA	B	1.26%
CRM	B	1.09%
ABBV	D	1.0%
ADBE	C	0.93%
PM	B	0.92%
QCOM	F	0.84%
CMCSA	B	0.83%
WMT	A	0.8%
NEE	D	0.73%
UNP	C	0.73%
AMAT	F	0.7%
LMT	D	0.69%
BMY	B	0.68%
CTAS	B	0.66%
BDX	F	0.59%
DIS	B	0.57%
PFE	D	0.56%
SEIC	B	0.54%
PYPL	B	0.54%
KLAC	D	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
DBX	B	0.51%
MSCI	C	0.49%
TRV	B	0.49%
MU	D	0.47%
ZBRA	B	0.47%
IGT	F	0.45%
ALLE	D	0.44%
CSX	B	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
ALRM	C	0.4%
WM	A	0.38%
CME	A	0.37%
TDC	D	0.35%
PPG	F	0.34%
NOW	A	0.34%
ANF	C	0.33%
NUE	C	0.32%
MEDP	D	0.31%
GRMN	B	0.31%
CACI	D	0.3%
SKYW	B	0.29%
HWM	A	0.27%
MSI	B	0.26%
TMO	F	0.26%
AMT	D	0.24%
AMGN	D	0.24%
BLK	C	0.23%
LRCX	F	0.23%
LHX	C	0.23%
AME	A	0.22%
RSG	A	0.2%
GL	B	0.2%
GAP	C	0.18%
DOCU	A	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
ADP	B	0.16%
WDAY	B	0.16%
MS	A	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
GEN	B	0.13%
DASH	A	0.12%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	C	0.12%
QRVO	F	0.11%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
ANET	C	0.08%
DOC	D	0.08%
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%
ORCL	B	0.04%
QGEN	D	0.04%
SCCO	F	0.04%
MHO	D	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 170 Positions Relative to SHE

Symbol	Grade	Weight
ACN	C	-4.39%
INTU	C	-3.56%
INTC	D	-1.87%
BKNG	A	-1.33%
ADSK	A	-1.25%
KO	D	-0.99%
LOW	D	-0.96%
SBUX	A	-0.94%
LIN	D	-0.89%
ABT	B	-0.73%
MAR	B	-0.65%
HUBS	A	-0.58%
HON	B	-0.52%
ANSS	B	-0.49%
GDDY	A	-0.47%
VRTX	F	-0.45%
CDW	F	-0.44%
TYL	B	-0.44%
NKE	D	-0.42%
MDT	D	-0.41%
ABNB	C	-0.36%
LULU	C	-0.33%
MCO	B	-0.33%
PNC	B	-0.32%
DE	A	-0.32%
ZTS	D	-0.31%
MCK	B	-0.31%
RCL	A	-0.31%
FLUT	A	-0.31%
ITW	B	-0.29%
DUK	C	-0.27%
TGT	F	-0.27%
TSCO	D	-0.26%
BA	F	-0.26%
EQIX	A	-0.25%
EMR	A	-0.25%
TFC	A	-0.24%
COF	B	-0.24%
JCI	C	-0.24%
CMI	A	-0.24%
D	C	-0.23%
DHI	D	-0.22%
DLR	B	-0.22%
AKAM	D	-0.22%
FDX	B	-0.22%
WCN	A	-0.21%
NEM	D	-0.2%
CARR	D	-0.19%
AIG	B	-0.19%
PRU	A	-0.19%
CHTR	C	-0.18%
PEG	A	-0.17%
GWW	B	-0.17%
LNG	B	-0.17%
FIS	C	-0.17%
AEP	D	-0.16%
O	D	-0.16%
ULTA	F	-0.16%
HIG	B	-0.15%
BURL	A	-0.15%
COR	B	-0.15%
PSX	C	-0.15%
BKR	B	-0.14%
EBAY	D	-0.14%
DECK	A	-0.14%
MTB	A	-0.14%
CSGP	D	-0.14%
WSM	B	-0.14%
VICI	C	-0.14%
OXY	D	-0.14%
ED	D	-0.13%
IRM	D	-0.13%
GIS	D	-0.13%
WTW	B	-0.13%
TTD	B	-0.13%
EIX	B	-0.13%
EXC	C	-0.13%
EXR	D	-0.12%
STZ	D	-0.12%
VLTO	D	-0.12%
ALNY	D	-0.12%
CNC	D	-0.12%
AWK	D	-0.12%
VTR	C	-0.12%
FITB	A	-0.12%
EA	A	-0.12%
AVB	B	-0.11%
WEC	A	-0.11%
WAB	B	-0.11%
WBD	C	-0.11%
APTV	D	-0.11%
ROK	B	-0.11%
ETR	B	-0.11%
XYL	D	-0.11%
FANG	D	-0.11%
DTE	C	-0.11%
DOW	F	-0.11%
BR	A	-0.1%
HSY	F	-0.1%
FTV	C	-0.1%
DD	D	-0.1%
GPN	B	-0.1%
INVH	D	-0.09%
EQR	B	-0.09%
HUBB	B	-0.09%
SYF	B	-0.09%
BBY	D	-0.09%
RF	A	-0.09%
TTWO	A	-0.09%
PPL	B	-0.09%
LVS	C	-0.09%
NTRS	A	-0.08%
AEE	A	-0.08%
PFG	D	-0.08%
CHD	B	-0.08%
ADM	D	-0.08%
SW	A	-0.08%
ILMN	D	-0.08%
DKS	C	-0.08%
CNP	B	-0.08%
OMC	C	-0.07%
KMX	B	-0.07%
LYB	F	-0.07%
PNR	A	-0.07%
DG	F	-0.07%
J	F	-0.07%
SSNC	B	-0.07%
EQT	B	-0.07%
KEY	B	-0.07%
IFF	D	-0.07%
KIM	A	-0.07%
MAA	B	-0.07%
FDS	B	-0.07%
WY	D	-0.07%
LH	C	-0.07%
HST	C	-0.06%
OC	A	-0.06%
EL	F	-0.06%
AMCR	D	-0.06%
TRU	D	-0.06%
PINS	D	-0.06%
CMS	C	-0.06%
SJM	D	-0.05%
FBIN	D	-0.05%
RPM	A	-0.05%
SWK	D	-0.05%
IPG	D	-0.05%
SNAP	C	-0.05%
ACM	A	-0.05%
TSN	B	-0.05%
DAL	C	-0.04%
ALB	C	-0.04%
CRL	C	-0.04%
Z	A	-0.04%
RIVN	F	-0.04%
HRL	D	-0.04%
OVV	B	-0.04%
PARA	C	-0.04%
DAY	B	-0.04%
AMH	D	-0.04%
AIZ	A	-0.04%
WYNN	D	-0.04%
CPB	D	-0.03%
WBA	F	-0.03%
CE	F	-0.03%
NWSA	B	-0.03%
TFX	F	-0.03%
LUV	C	-0.02%
APA	D	-0.02%
ACI	C	-0.02%