FHEQ vs. SIXL ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to 6 Meridian Low Beta Equity Strategy ETF (SIXL)

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

SIXL

6 Meridian Low Beta Equity Strategy ETF

SIXL Description

The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities. The equity securities in which it invests are mainly common stocks. The fund may invest in equity securities of companies of any capitalization. It also may invest in real estate investment trusts (REITs).

Grade (RS Rating)

Last Trade

$38.98

Average Daily Volume

3,012

Number of Holdings ^*

238

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	SIXL
30 Days	2.51%	4.28%
60 Days	3.80%	4.41%
90 Days	4.54%	5.62%
12 Months		23.37%

40 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in SIXL	Overlap
ABBV	D	1.0%	0.34%	0.34%
ALL	A	0.07%	0.43%	0.07%
AMT	D	0.24%	0.34%	0.24%
CACI	D	0.3%	0.38%	0.3%
CAH	B	0.4%	0.43%	0.4%
CI	F	0.63%	0.36%	0.36%
CL	D	0.58%	0.35%	0.35%
CME	A	0.37%	0.41%	0.37%
CVX	A	0.02%	0.46%	0.02%
DBX	B	0.51%	0.46%	0.46%
EOG	A	0.43%	0.45%	0.43%
EXEL	B	0.43%	0.55%	0.43%
GILD	C	0.73%	0.45%	0.45%
INCY	C	0.27%	0.5%	0.27%
JNJ	D	0.61%	0.38%	0.38%
KR	B	0.11%	0.44%	0.11%
LHX	C	0.23%	0.43%	0.23%
LMT	D	0.69%	0.37%	0.37%
MDLZ	F	0.07%	0.34%	0.07%
MMC	B	0.52%	0.39%	0.39%
MRK	F	0.69%	0.33%	0.33%
NBIX	C	0.11%	0.39%	0.11%
NOC	D	0.56%	0.38%	0.38%
OGE	B	0.01%	0.43%	0.01%
PG	A	0.87%	0.39%	0.39%
PGR	A	0.63%	0.41%	0.41%
PM	B	0.92%	0.42%	0.42%
RSG	A	0.2%	0.41%	0.2%
RTX	C	0.44%	0.4%	0.4%
T	A	0.67%	0.44%	0.44%
TMUS	B	0.29%	0.49%	0.29%
TRV	B	0.49%	0.45%	0.45%
UNH	C	0.57%	0.39%	0.39%
UNM	A	0.01%	0.54%	0.01%
UTHR	C	0.05%	0.41%	0.05%
VZ	C	0.18%	0.41%	0.18%
WM	A	0.38%	0.43%	0.38%
WMT	A	0.8%	0.44%	0.44%
XEL	A	0.21%	0.44%	0.21%
XOM	B	1.54%	0.43%	0.43%

FHEQ Overweight 128 Positions Relative to SIXL

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%
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%
QCOM	F	0.84%
CMCSA	B	0.83%
CSCO	B	0.79%
LLY	F	0.76%
NEE	D	0.73%
UNP	C	0.73%
TJX	A	0.73%
AMAT	F	0.7%
TT	A	0.69%
BMY	B	0.68%
CTAS	B	0.66%
ECL	D	0.62%
SQ	B	0.59%
BDX	F	0.59%
DIS	B	0.57%
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%
TXT	D	0.51%
MSCI	C	0.49%
CMG	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%
CSX	B	0.43%
AXP	A	0.43%
PCAR	B	0.42%
ALRM	C	0.4%
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%
SKYW	B	0.29%
SPGI	C	0.28%
HWM	A	0.27%
MSI	B	0.26%
TMO	F	0.26%
IDXX	F	0.26%
NSC	B	0.26%
FTNT	C	0.24%
AMGN	D	0.24%
BLK	C	0.23%
TROW	B	0.23%
LRCX	F	0.23%
AME	A	0.22%
MGM	D	0.22%
CVS	D	0.22%
MMM	D	0.22%
BIIB	F	0.21%
GL	B	0.2%
CLX	B	0.2%
PSA	D	0.19%
GAP	C	0.18%
DOCU	A	0.18%
HLT	A	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%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	C	0.12%
BBWI	D	0.11%
QRVO	F	0.11%
VST	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%
BCC	B	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%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	A	0.02%
NWL	B	0.01%

FHEQ Underweight 198 Positions Relative to SIXL

Symbol	Grade	Weight
CXW	B	-0.65%
MASI	A	-0.58%
SFM	A	-0.57%
UFCS	B	-0.55%
HQY	B	-0.54%
DTM	B	-0.54%
CALM	A	-0.54%
BWXT	B	-0.53%
BRBR	A	-0.52%
LRN	A	-0.51%
ATGE	B	-0.5%
FHI	A	-0.5%
PRDO	B	-0.5%
MGEE	C	-0.49%
X	C	-0.49%
MCK	B	-0.49%
ETR	B	-0.49%
ATEN	B	-0.49%
MCY	A	-0.48%
AMSF	B	-0.48%
CW	B	-0.48%
LQDT	B	-0.48%
RHI	B	-0.48%
TXRH	C	-0.48%
MGY	A	-0.47%
LOPE	B	-0.47%
PRI	A	-0.47%
AGO	B	-0.47%
PPC	C	-0.46%
SNDR	B	-0.46%
PRGS	A	-0.46%
PLMR	B	-0.46%
AMBC	C	-0.46%
VIRT	B	-0.46%
SMPL	B	-0.46%
RLI	B	-0.46%
FDP	B	-0.46%
HMN	B	-0.46%
EIG	B	-0.45%
BGC	C	-0.45%
ATO	A	-0.45%
RAMP	C	-0.45%
THG	A	-0.45%
BJ	A	-0.45%
SRE	A	-0.45%
RBA	A	-0.45%
RGA	A	-0.44%
SAM	C	-0.44%
CPK	A	-0.44%
ATR	B	-0.44%
PINC	B	-0.44%
PBH	A	-0.44%
MORN	B	-0.44%
JAZZ	B	-0.44%
AVAV	D	-0.44%
SIGI	C	-0.44%
HCI	C	-0.44%
HSTM	B	-0.44%
MCRI	A	-0.44%
AEE	A	-0.44%
RYAN	B	-0.44%
WWD	B	-0.43%
WDFC	B	-0.43%
EVRG	A	-0.43%
COP	C	-0.43%
WTW	B	-0.43%
MMSI	B	-0.43%
ORI	A	-0.43%
MSGS	A	-0.43%
CASY	A	-0.43%
TKO	B	-0.43%
EHC	B	-0.43%
AM	A	-0.43%
MANH	D	-0.43%
ORLY	B	-0.43%
AFG	A	-0.42%
EPRT	B	-0.42%
SUPN	C	-0.42%
DLB	B	-0.42%
BOX	B	-0.42%
ITGR	B	-0.42%
PNW	B	-0.42%
DT	C	-0.42%
EZPW	A	-0.42%
AWR	B	-0.42%
CHD	B	-0.42%
MO	A	-0.42%
FIZZ	C	-0.42%
NJR	A	-0.42%
SPNT	A	-0.42%
NFG	A	-0.42%
PECO	A	-0.42%
UVV	B	-0.42%
DGX	A	-0.42%
WEC	A	-0.42%
DVAX	C	-0.42%
PPL	B	-0.42%
NWN	A	-0.42%
WEN	D	-0.42%
ALE	A	-0.41%
SAFT	C	-0.41%
ARMK	B	-0.41%
ADC	B	-0.41%
NPK	B	-0.41%
TR	B	-0.41%
MUSA	A	-0.41%
NWE	B	-0.41%
ALKS	B	-0.41%
INGR	B	-0.41%
AFL	B	-0.41%
ABT	B	-0.41%
VRSK	A	-0.41%
OLLI	D	-0.41%
WRB	A	-0.41%
LTC	B	-0.41%
STRA	C	-0.41%
NYT	C	-0.4%
INVA	D	-0.4%
SO	D	-0.4%
AJG	B	-0.4%
OHI	C	-0.4%
JJSF	B	-0.4%
WTRG	B	-0.4%
KNSL	B	-0.4%
UTL	B	-0.4%
CB	C	-0.4%
NEU	C	-0.4%
AVA	A	-0.4%
K	A	-0.4%
CMS	C	-0.4%
GTY	B	-0.4%
MSA	D	-0.4%
PDCO	D	-0.4%
RNR	C	-0.4%
LANC	C	-0.4%
HOLX	D	-0.39%
ENSG	D	-0.39%
CHE	D	-0.39%
CHRD	D	-0.39%
BRC	D	-0.39%
CBOE	B	-0.39%
DUK	C	-0.39%
DTE	C	-0.39%
CCK	C	-0.39%
FCPT	C	-0.39%
FE	C	-0.38%
AEP	D	-0.38%
AMH	D	-0.38%
HRB	D	-0.38%
GLPI	C	-0.38%
NHC	C	-0.38%
ELS	C	-0.38%
WPC	D	-0.37%
EPC	D	-0.37%
AMED	F	-0.37%
KMB	D	-0.37%
RGR	F	-0.37%
DFIN	D	-0.37%
JNPR	F	-0.37%
BG	F	-0.37%
SJW	D	-0.37%
ED	D	-0.37%
POST	C	-0.37%
ADUS	D	-0.37%
FLO	D	-0.37%
KBR	F	-0.37%
CWT	D	-0.37%
NNN	D	-0.36%
MOH	F	-0.36%
PEP	F	-0.36%
WU	D	-0.36%
FCN	D	-0.36%
MKC	D	-0.36%
HRL	D	-0.36%
COKE	C	-0.36%
ANIP	F	-0.36%
JBSS	D	-0.35%
KHC	F	-0.35%
VRRM	D	-0.35%
KO	D	-0.35%
ACGL	D	-0.35%
KDP	D	-0.34%
HSY	F	-0.34%
ERIE	D	-0.33%
NABL	F	-0.33%
SPTN	D	-0.33%
CVI	F	-0.33%
CNC	D	-0.33%
GIS	D	-0.33%
CLW	F	-0.32%
CAG	D	-0.32%
THS	D	-0.31%
COLL	F	-0.31%
ELV	F	-0.3%
LPG	F	-0.29%
BMRN	D	-0.29%
KELYA	F	-0.28%
CPRI	F	-0.24%