FHEQ vs. VUSE ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Vident Core US Equity ETF (VUSE)

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

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$61.08

Average Daily Volume

12,197

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	VUSE
30 Days	2.51%	5.99%
60 Days	3.80%	7.30%
90 Days	4.54%	9.69%
12 Months		26.60%

52 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in VUSE	Overlap
AAPL	C	7.31%	1.87%	1.87%
ABBV	D	1.0%	1.01%	1.0%
ADBE	C	0.93%	0.83%	0.83%
ADP	B	0.16%	1.02%	0.16%
AMAT	F	0.7%	1.02%	0.7%
AMZN	C	3.64%	2.68%	2.68%
ANET	C	0.08%	0.38%	0.08%
AVGO	D	1.49%	1.72%	1.49%
BAC	A	1.17%	1.97%	1.17%
CAT	B	0.48%	0.72%	0.48%
CMCSA	B	0.83%	0.13%	0.13%
CMG	B	0.49%	1.25%	0.49%
COST	B	0.45%	0.78%	0.45%
CRUS	D	0.06%	0.37%	0.06%
CTAS	B	0.66%	0.59%	0.59%
CVX	A	0.02%	2.02%	0.02%
DBX	B	0.51%	0.24%	0.24%
DOCU	A	0.18%	0.29%	0.18%
ECL	D	0.62%	1.16%	0.62%
EOG	A	0.43%	0.43%	0.43%
EXEL	B	0.43%	0.63%	0.43%
FTNT	C	0.24%	0.81%	0.24%
GOOGL	C	2.02%	0.96%	0.96%
HD	A	1.32%	2.05%	1.32%
JNJ	D	0.61%	1.76%	0.61%
JPM	A	1.82%	2.09%	1.82%
KLAC	D	0.54%	0.69%	0.54%
LLY	F	0.76%	0.81%	0.76%
MA	C	1.34%	2.08%	1.34%
MEDP	D	0.31%	0.18%	0.18%
META	D	2.87%	0.97%	0.97%
MRK	F	0.69%	1.49%	0.69%
MSCI	C	0.49%	0.48%	0.48%
MSFT	F	5.64%	1.8%	1.8%
MSI	B	0.26%	1.33%	0.26%
NFLX	A	1.26%	1.44%	1.26%
NOW	A	0.34%	0.65%	0.34%
NVDA	C	7.27%	1.84%	1.84%
ORCL	B	0.04%	2.4%	0.04%
PG	A	0.87%	1.2%	0.87%
SEIC	B	0.54%	0.11%	0.11%
SPG	B	0.16%	0.14%	0.14%
T	A	0.67%	1.1%	0.67%
TJX	A	0.73%	0.93%	0.73%
TMUS	B	0.29%	0.78%	0.29%
UBER	D	0.14%	1.11%	0.14%
UTHR	C	0.05%	0.54%	0.05%
V	A	0.47%	2.17%	0.47%
VST	B	0.11%	0.5%	0.11%
WDAY	B	0.16%	0.66%	0.16%
WMT	A	0.8%	2.06%	0.8%
XOM	B	1.54%	1.89%	1.54%

FHEQ Overweight 116 Positions Relative to VUSE

Symbol	Grade	Weight
BRK.A	B	2.19%
GOOG	C	1.74%
TSLA	B	1.26%
CRM	B	1.09%
PM	B	0.92%
QCOM	F	0.84%
CSCO	B	0.79%
NEE	D	0.73%
UNP	C	0.73%
GILD	C	0.73%
TT	A	0.69%
LMT	D	0.69%
BMY	B	0.68%
CI	F	0.63%
PGR	A	0.63%
SQ	B	0.59%
BDX	F	0.59%
CL	D	0.58%
UNH	C	0.57%
DIS	B	0.57%
NOC	D	0.56%
SCHW	B	0.56%
PFE	D	0.56%
C	A	0.54%
PYPL	B	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
MMC	B	0.52%
TXT	D	0.51%
TRV	B	0.49%
MU	D	0.47%
ZBRA	B	0.47%
GE	D	0.45%
IGT	F	0.45%
ALLE	D	0.44%
RTX	C	0.44%
CSX	B	0.43%
AXP	A	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
WM	A	0.38%
CME	A	0.37%
BK	A	0.36%
TDC	D	0.35%
PPG	F	0.34%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
GRMN	B	0.31%
CACI	D	0.3%
SKYW	B	0.29%
SPGI	C	0.28%
HWM	A	0.27%
INCY	C	0.27%
TMO	F	0.26%
IDXX	F	0.26%
NSC	B	0.26%
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%
MMM	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%
HLT	A	0.18%
VZ	C	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
MS	A	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
ETN	A	0.15%
WFC	A	0.15%
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%
KR	B	0.11%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
DOC	D	0.08%
ALL	A	0.07%
BCC	B	0.07%
MDLZ	F	0.07%
L	A	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	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 74 Positions Relative to VUSE

Symbol	Grade	Weight
KO	D	-1.56%
BKNG	A	-1.54%
SNPS	B	-1.16%
MAR	B	-1.12%
RDDT	B	-1.04%
MO	A	-1.0%
SBUX	A	-0.98%
MCD	D	-0.94%
SHW	A	-0.93%
POWL	C	-0.87%
IDCC	A	-0.8%
EME	C	-0.77%
AMP	A	-0.75%
IESC	B	-0.74%
AYI	B	-0.74%
PIPR	B	-0.73%
SYK	C	-0.73%
ITW	B	-0.72%
CORT	B	-0.7%
JXN	C	-0.69%
FICO	B	-0.69%
EQH	B	-0.66%
AMR	C	-0.64%
CVLT	B	-0.64%
ZTS	D	-0.64%
PLTR	B	-0.6%
EPAC	B	-0.6%
NRG	B	-0.58%
NYT	C	-0.56%
GWW	B	-0.56%
FAST	B	-0.56%
BOX	B	-0.55%
PLMR	B	-0.54%
EA	A	-0.52%
TDG	D	-0.52%
PAYX	C	-0.51%
RMD	C	-0.5%
NKE	D	-0.5%
ERIE	D	-0.5%
LSCC	D	-0.5%
ODFL	B	-0.5%
IT	C	-0.5%
CASH	A	-0.48%
YELP	C	-0.48%
RMBS	C	-0.47%
TREX	C	-0.47%
DBRG	F	-0.46%
QLYS	C	-0.46%
JLL	D	-0.46%
PLAB	C	-0.46%
MTG	C	-0.46%
SHO	C	-0.45%
DFIN	D	-0.42%
BSX	B	-0.41%
JKHY	D	-0.41%
MTD	D	-0.39%
ON	D	-0.37%
A	D	-0.36%
MANH	D	-0.35%
OTTR	C	-0.35%
CSL	C	-0.35%
CRWD	B	-0.31%
HCC	B	-0.27%
PANW	C	-0.26%
ACLS	F	-0.26%
NSSC	D	-0.25%
BMI	B	-0.23%
VRSK	A	-0.22%
TRIP	F	-0.21%
PINS	D	-0.2%
AOS	F	-0.19%
APPF	B	-0.15%
ABNB	C	-0.14%
PSTG	D	-0.13%