FHEQ vs. VCR ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Vanguard Consumer Discretion ETF - DNQ (VCR)

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

$27.81

Average Daily Volume

24,615

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

VCR

Vanguard Consumer Discretion ETF - DNQ

VCR Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Discretionary 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the consumer discretionary sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$369.05

Average Daily Volume

46,195

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	VCR
30 Days	1.30%	8.72%
60 Days	3.66%	8.12%
90 Days	4.24%	12.73%
12 Months		29.04%

20 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in VCR	Overlap
AMZN	C	3.64%	22.19%	3.64%
ANF	F	0.33%	0.15%	0.15%
BBWI	C	0.11%	0.12%	0.11%
BLD	D	0.05%	0.22%	0.05%
CMG	B	0.49%	1.36%	0.49%
CVNA	B	0.52%	0.51%	0.51%
DASH	B	0.12%	0.81%	0.12%
F	C	0.15%	0.72%	0.15%
GAP	C	0.18%	0.11%	0.11%
GRMN	B	0.31%	0.57%	0.31%
HD	B	1.32%	6.82%	1.32%
HLT	A	0.18%	1.06%	0.18%
LNW	F	0.17%	0.17%	0.17%
MGM	D	0.22%	0.19%	0.19%
MHO	D	0.02%	0.11%	0.02%
NWL	C	0.01%	0.09%	0.01%
ROST	D	0.1%	0.84%	0.1%
TJX	A	0.73%	2.25%	0.73%
TPH	D	0.15%	0.1%	0.1%
TSLA	B	1.26%	12.49%	1.26%

FHEQ Overweight 148 Positions Relative to VCR

Symbol	Grade	Weight
AAPL	C	7.31%
NVDA	B	7.27%
MSFT	D	5.64%
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	B	1.34%
NFLX	A	1.26%
BAC	A	1.17%
CRM	B	1.09%
ABBV	F	1.0%
ADBE	C	0.93%
PM	B	0.92%
PG	C	0.87%
QCOM	F	0.84%
CMCSA	B	0.83%
WMT	A	0.8%
CSCO	B	0.79%
LLY	F	0.76%
NEE	C	0.73%
UNP	C	0.73%
GILD	C	0.73%
AMAT	F	0.7%
MRK	D	0.69%
TT	A	0.69%
LMT	D	0.69%
BMY	B	0.68%
T	A	0.67%
CTAS	B	0.66%
CI	D	0.63%
PGR	A	0.63%
ECL	D	0.62%
JNJ	C	0.61%
SQ	A	0.59%
BDX	F	0.59%
CL	D	0.58%
UNH	B	0.57%
DIS	B	0.57%
NOC	D	0.56%
SCHW	B	0.56%
PFE	F	0.56%
SEIC	B	0.54%
C	A	0.54%
PYPL	B	0.54%
KLAC	F	0.54%
DVN	F	0.53%
ZM	C	0.52%
MMC	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
MSCI	C	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	A	0.45%
ALLE	C	0.44%
RTX	D	0.44%
EOG	A	0.43%
CSX	C	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
WM	B	0.38%
CME	B	0.37%
BK	A	0.36%
TDC	D	0.35%
PPG	F	0.34%
NOW	A	0.34%
LDOS	C	0.32%
NUE	C	0.32%
MEDP	D	0.31%
CACI	D	0.3%
TMUS	B	0.29%
SKYW	C	0.29%
SPGI	C	0.28%
HWM	A	0.27%
INCY	C	0.27%
MSI	B	0.26%
TMO	F	0.26%
IDXX	F	0.26%
NSC	B	0.26%
FTNT	C	0.24%
AMT	C	0.24%
AMGN	F	0.24%
BLK	B	0.23%
TROW	B	0.23%
LRCX	F	0.23%
LHX	C	0.23%
AME	A	0.22%
CVS	D	0.22%
MMM	D	0.22%
BIIB	F	0.21%
XEL	A	0.21%
RSG	A	0.2%
GL	C	0.2%
CLX	A	0.2%
PSA	C	0.19%
DOCU	B	0.18%
VZ	C	0.18%
GEHC	D	0.17%
FTI	A	0.17%
ADP	A	0.16%
WDAY	B	0.16%
SPG	A	0.16%
MS	A	0.16%
PEGA	B	0.16%
ETN	A	0.15%
WFC	A	0.15%
UBER	F	0.14%
GEN	B	0.13%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	D	0.12%
NBIX	C	0.11%
QRVO	F	0.11%
VST	A	0.11%
KR	B	0.11%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
ANET	C	0.08%
DOC	C	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%
UTHR	C	0.05%
ORCL	A	0.04%
QGEN	D	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
CVX	A	0.02%
TWLO	A	0.02%
UNM	A	0.01%
OGE	A	0.01%

FHEQ Underweight 266 Positions Relative to VCR

Symbol	Grade	Weight
MCD	D	-3.69%
BKNG	A	-2.8%
LOW	C	-2.63%
SBUX	A	-1.96%
NKE	F	-1.66%
MELI	C	-1.64%
ORLY	B	-1.22%
MAR	A	-1.14%
ABNB	C	-1.06%
GM	C	-1.05%
AZO	C	-0.93%
RCL	A	-0.91%
DHI	F	-0.9%
LEN	D	-0.75%
YUM	D	-0.67%
LULU	C	-0.62%
NVR	D	-0.54%
EBAY	D	-0.54%
TSCO	D	-0.53%
PHM	D	-0.51%
DECK	A	-0.46%
CCL	A	-0.42%
EXPE	B	-0.39%
LVS	B	-0.37%
DRI	B	-0.36%
ULTA	F	-0.34%
BBY	D	-0.34%
WSM	C	-0.32%
BURL	B	-0.31%
APTV	F	-0.3%
GPC	D	-0.3%
TOL	B	-0.3%
DKNG	B	-0.29%
POOL	C	-0.27%
DPZ	C	-0.27%
TXRH	B	-0.25%
SCI	B	-0.24%
KMX	B	-0.23%
DKS	D	-0.23%
NCLH	B	-0.23%
TPR	B	-0.22%
FND	D	-0.21%
WYNN	C	-0.2%
ARMK	B	-0.2%
MUSA	B	-0.2%
DUOL	A	-0.2%
CHDN	B	-0.19%
LKQ	F	-0.19%
LAD	A	-0.19%
HRB	D	-0.18%
HAS	D	-0.18%
CZR	F	-0.18%
VFC	C	-0.17%
RL	C	-0.17%
WING	D	-0.17%
TPX	B	-0.17%
SKX	D	-0.17%
RIVN	F	-0.16%
MAT	D	-0.16%
MHK	D	-0.16%
BFAM	D	-0.16%
TMHC	C	-0.16%
WH	B	-0.16%
BWA	D	-0.16%
GNTX	C	-0.15%
ALV	C	-0.15%
PLNT	A	-0.15%
KBH	D	-0.14%
MOD	A	-0.14%
GME	C	-0.14%
H	B	-0.14%
MTH	D	-0.14%
ETSY	D	-0.13%
EAT	A	-0.13%
WHR	B	-0.13%
MTN	C	-0.13%
OLLI	D	-0.13%
CROX	D	-0.13%
LEA	F	-0.12%
SKY	A	-0.12%
GPI	B	-0.12%
IBP	D	-0.12%
THO	B	-0.12%
BC	C	-0.12%
BYD	B	-0.12%
PVH	C	-0.12%
PTON	A	-0.12%
BROS	A	-0.11%
FTDR	B	-0.11%
KTB	B	-0.11%
CHWY	B	-0.11%
FIVE	F	-0.11%
CHH	A	-0.11%
VVV	D	-0.11%
RH	C	-0.11%
SHAK	C	-0.11%
BOOT	C	-0.1%
SIG	B	-0.1%
HOG	D	-0.1%
LOPE	C	-0.1%
AN	C	-0.1%
ABG	C	-0.1%
SGBX	F	-0.1%
LRN	A	-0.1%
SHOO	F	-0.09%
CVCO	A	-0.09%
W	D	-0.09%
AEO	F	-0.09%
DORM	B	-0.09%
WEN	D	-0.09%
TNL	A	-0.09%
PII	F	-0.09%
ASO	F	-0.09%
ATGE	B	-0.09%
M	F	-0.09%
LCID	F	-0.08%
COLM	C	-0.08%
LCII	C	-0.08%
VSTO	A	-0.08%
YETI	D	-0.08%
PATK	C	-0.08%
VSCO	C	-0.08%
PAG	B	-0.08%
GHC	B	-0.08%
PENN	C	-0.08%
HBI	B	-0.08%
UAA	C	-0.07%
ADTN	A	-0.07%
VC	F	-0.07%
LGIH	F	-0.07%
VAC	C	-0.07%
JWN	D	-0.07%
LAUR	A	-0.07%
PHIN	A	-0.07%
HGV	C	-0.07%
GRBK	D	-0.07%
CCS	D	-0.07%
RRR	F	-0.07%
CAKE	C	-0.07%
KSS	F	-0.06%
CPRI	F	-0.06%
LEG	F	-0.06%
QS	F	-0.06%
CRI	F	-0.06%
GT	C	-0.06%
WWW	A	-0.06%
EVRI	A	-0.06%
SBH	C	-0.06%
LZB	B	-0.06%
LTH	C	-0.06%
PZZA	F	-0.06%
OSW	B	-0.06%
FL	F	-0.06%
GOLF	B	-0.06%
URBN	C	-0.06%
VZIO	A	-0.05%
CBRL	C	-0.05%
UTI	B	-0.05%
FIGS	F	-0.05%
BZH	C	-0.05%
XPEL	B	-0.05%
THRM	F	-0.05%
DDS	B	-0.05%
FOXF	F	-0.05%
WINA	C	-0.05%
SONO	C	-0.05%
PTLO	F	-0.05%
UPBD	B	-0.05%
LEVI	F	-0.05%
RVLV	A	-0.05%
SABR	C	-0.05%
ADNT	F	-0.05%
AAP	D	-0.05%
MCRI	A	-0.05%
GIII	D	-0.05%
CWH	B	-0.05%
MBUU	B	-0.05%
WRBY	A	-0.05%
UA	C	-0.05%
PRDO	B	-0.05%
STRA	C	-0.05%
BKE	B	-0.05%
WGO	C	-0.05%
FWRG	C	-0.04%
CSV	B	-0.04%
RGR	F	-0.04%
ETD	C	-0.04%
KRUS	B	-0.04%
ACEL	C	-0.04%
OXM	F	-0.04%
SCVL	F	-0.04%
GDEN	B	-0.04%
COUR	F	-0.04%
WOR	F	-0.04%
HZO	F	-0.04%
SMP	C	-0.04%
CAL	F	-0.04%
ODP	F	-0.04%
PLYA	B	-0.04%
PLAY	D	-0.04%
MCW	C	-0.04%
DFH	D	-0.04%
HELE	C	-0.04%
BJRI	C	-0.04%
MODG	F	-0.04%
SAH	C	-0.04%
JACK	C	-0.04%
BLMN	F	-0.04%
MNRO	D	-0.04%
DNUT	F	-0.04%
HOV	D	-0.04%
RICK	B	-0.03%
LOVE	A	-0.03%
GES	F	-0.03%
WOOF	D	-0.03%
DIN	C	-0.03%
BALY	B	-0.03%
ARKO	C	-0.03%
AXL	C	-0.03%
EYE	C	-0.03%
DAN	D	-0.03%
SWBI	C	-0.03%
GTX	C	-0.03%
UDMY	D	-0.03%
DBI	F	-0.02%
EWCZ	F	-0.02%
FLWS	D	-0.02%
ONEW	F	-0.02%
IRBT	F	-0.02%
SFIX	B	-0.02%
GRPN	F	-0.02%
TH	C	-0.02%
SWIM	C	-0.02%
GCO	C	-0.02%
LEGH	D	-0.02%
SNBR	F	-0.02%
BOWL	C	-0.02%
XPOF	C	-0.02%
CRMT	D	-0.02%
CRCT	F	-0.02%
MOV	D	-0.02%
HVT	D	-0.02%
FNKO	D	-0.02%
ARHS	F	-0.02%
DENN	D	-0.02%
ZUMZ	B	-0.02%
LESL	D	-0.02%
LIND	C	-0.02%
WW	F	-0.01%
PETS	C	-0.01%
POWW	F	-0.01%
JOUT	F	-0.01%
CLAR	D	-0.01%
BH	B	-0.01%
SLDP	F	-0.01%
CHGG	C	-0.01%
GPRO	F	-0.01%
COOK	D	-0.01%
SRI	F	-0.01%
QRTEA	F	-0.01%
LE	D	-0.01%
LAZR	D	-0.01%
AMRK	F	-0.0%
TDUP	C	-0.0%
GOEV	F	-0.0%
PLCE	C	-0.0%