FHEQ vs. VLLU ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Harbor AlphaEdge Large Cap Value ETF (VLLU)

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

VLLU

Harbor AlphaEdge Large Cap Value ETF

VLLU Description

The fund employs an indexing investment approach designed to track the performance of the index, which is constructed by Harbor Capital Advisors, Inc. using a proprietary, rules-based methodology. The index consists of equity securities of U.S.-listed companies that exhibit attractive valuation along with positive fundamental and price characteristics according to the index Provider"s methodology. The fund invests at least 80% of its total assets in securities that are included in the index.

Grade (RS Rating)

Last Trade

$21.97

Average Daily Volume

152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	VLLU
30 Days	2.51%	6.02%
60 Days	3.80%	6.70%
90 Days	4.54%
12 Months

24 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in VLLU	Overlap
AXP	A	0.43%	3.01%	0.43%
BAC	A	1.17%	2.45%	1.17%
BK	A	0.36%	0.54%	0.36%
BRK.A	B	2.19%	2.89%	2.19%
C	A	0.54%	0.5%	0.5%
CAH	B	0.4%	0.56%	0.4%
CAT	B	0.48%	0.48%	0.48%
CI	F	0.63%	2.03%	0.63%
CMCSA	B	0.83%	2.06%	0.83%
CVX	A	0.02%	3.12%	0.02%
DBX	B	0.51%	0.51%	0.51%
DIS	B	0.57%	0.55%	0.55%
EOG	A	0.43%	2.45%	0.43%
GILD	C	0.73%	2.34%	0.73%
JPM	A	1.82%	3.08%	1.82%
KR	B	0.11%	1.9%	0.11%
L	A	0.07%	0.49%	0.07%
LDOS	C	0.32%	0.43%	0.32%
MMM	D	0.22%	0.49%	0.22%
PGR	A	0.63%	0.84%	0.63%
T	A	0.67%	2.85%	0.67%
VZ	C	0.18%	0.95%	0.18%
WFC	A	0.15%	0.6%	0.15%
XOM	B	1.54%	2.95%	1.54%

FHEQ Overweight 144 Positions Relative to VLLU

Symbol	Grade	Weight
AAPL	C	7.31%
NVDA	C	7.27%
MSFT	F	5.64%
AMZN	C	3.64%
META	D	2.87%
GOOGL	C	2.02%
GOOG	C	1.74%
AVGO	D	1.49%
MA	C	1.34%
HD	A	1.32%
TSLA	B	1.26%
NFLX	A	1.26%
CRM	B	1.09%
ABBV	D	1.0%
ADBE	C	0.93%
PM	B	0.92%
PG	A	0.87%
QCOM	F	0.84%
WMT	A	0.8%
CSCO	B	0.79%
LLY	F	0.76%
NEE	D	0.73%
UNP	C	0.73%
TJX	A	0.73%
AMAT	F	0.7%
MRK	F	0.69%
TT	A	0.69%
LMT	D	0.69%
BMY	B	0.68%
CTAS	B	0.66%
ECL	D	0.62%
JNJ	D	0.61%
SQ	B	0.59%
BDX	F	0.59%
CL	D	0.58%
UNH	C	0.57%
NOC	D	0.56%
SCHW	B	0.56%
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%
MMC	B	0.52%
TXT	D	0.51%
MSCI	C	0.49%
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%
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%
TMUS	B	0.29%
SKYW	B	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	D	0.24%
AMGN	D	0.24%
BLK	C	0.23%
TROW	B	0.23%
LRCX	F	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
CVS	D	0.22%
BIIB	F	0.21%
XEL	A	0.21%
RSG	A	0.2%
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%
UBER	D	0.14%
GEN	B	0.13%
DASH	A	0.12%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
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%
ALL	A	0.07%
BCC	B	0.07%
MDLZ	F	0.07%
TENB	C	0.06%
CRUS	D	0.06%
LYFT	C	0.06%
BLD	D	0.05%
UTHR	C	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%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 49 Positions Relative to VLLU

Symbol	Grade	Weight
EME	C	-3.29%
MO	A	-3.13%
HIG	B	-2.96%
BBY	D	-2.91%
DFS	B	-2.84%
HPQ	B	-2.82%
COR	B	-2.81%
SYY	B	-2.75%
CTSH	B	-2.49%
TGT	F	-2.34%
JXN	C	-2.03%
LPX	B	-1.94%
VLO	C	-1.93%
HRB	D	-1.73%
NRG	B	-1.54%
MLI	C	-1.52%
SYF	B	-1.5%
MPC	D	-1.44%
FLEX	A	-1.42%
PPC	C	-1.23%
UHS	D	-1.01%
THC	D	-0.95%
LOW	D	-0.94%
MATX	C	-0.81%
ACGL	D	-0.6%
CALM	A	-0.59%
LOPE	B	-0.58%
FTDR	A	-0.57%
GM	B	-0.55%
GS	A	-0.54%
DXC	B	-0.54%
AMR	C	-0.53%
CB	C	-0.52%
TSN	B	-0.52%
COP	C	-0.52%
JBL	B	-0.5%
BJ	A	-0.49%
PFG	D	-0.49%
ELV	F	-0.49%
LEN	D	-0.48%
WSM	B	-0.47%
NNI	D	-0.46%
MTG	C	-0.46%
ADM	D	-0.45%
RNR	C	-0.45%
STNG	F	-0.45%
GIS	D	-0.45%
MMS	F	-0.44%
NVR	D	-0.42%