FLQM vs. FHEQ ETF Comparison

Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to Fidelity Hedged Equity ETF (FHEQ)

FLQM

Franklin LibertyQ U.S. Mid Cap Equity ETF

FLQM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index (the U.S. Mid Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap underlying index. The U.S. Mid Cap underlying index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$57.92

Average Daily Volume

152,590

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

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

Performance

Period	FLQM	FHEQ
30 Days	3.80%	1.30%
60 Days	4.58%	3.66%
90 Days	4.77%	4.24%
12 Months	30.18%

25 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in FHEQ	Overlap
ALL	A	1.09%	0.07%	0.07%
ALLE	C	0.45%	0.44%	0.44%
BAH	F	0.85%	0.09%	0.09%
BBWI	C	0.26%	0.11%	0.11%
CACI	D	0.27%	0.3%	0.27%
CINF	A	0.9%	0.12%	0.12%
CLX	A	0.77%	0.2%	0.2%
CRUS	D	0.17%	0.06%	0.06%
DVN	F	0.72%	0.53%	0.53%
GAP	C	0.07%	0.18%	0.07%
GEN	B	0.57%	0.13%	0.13%
GL	C	0.42%	0.2%	0.2%
GRMN	B	1.17%	0.31%	0.31%
IDXX	F	0.77%	0.26%	0.26%
INCY	C	0.61%	0.27%	0.27%
KR	B	1.02%	0.11%	0.11%
LDOS	C	0.37%	0.32%	0.32%
MSCI	C	1.09%	0.49%	0.49%
NBIX	C	0.52%	0.11%	0.11%
PLTK	B	0.02%	0.1%	0.02%
SEIC	B	0.37%	0.54%	0.37%
SOLV	D	0.16%	0.12%	0.12%
TROW	B	0.74%	0.23%	0.23%
UNM	A	0.48%	0.01%	0.01%
UTHR	C	0.62%	0.05%	0.05%

FLQM Overweight 175 Positions Relative to FHEQ

Symbol	Grade	Weight
FICO	B	1.62%
GWW	B	1.16%
FAST	B	1.14%
IT	C	1.14%
EA	A	1.13%
ODFL	C	1.12%
SYF	B	1.11%
DAL	B	1.1%
AVB	B	1.09%
PAYX	B	1.08%
RMD	C	1.06%
HIG	B	1.05%
TPL	A	1.04%
DHI	F	1.0%
DOV	A	1.0%
PHM	D	0.99%
LNG	A	0.96%
HPQ	B	0.94%
WAT	C	0.94%
HPE	B	0.93%
OTIS	C	0.93%
NTAP	C	0.91%
EBAY	D	0.91%
DECK	A	0.89%
CHD	A	0.89%
GDDY	A	0.89%
TSCO	D	0.89%
YUM	D	0.89%
SYY	D	0.86%
AWK	C	0.86%
BLDR	D	0.85%
BBY	D	0.85%
LII	A	0.84%
FANG	C	0.84%
CMI	A	0.84%
RF	A	0.83%
WSM	C	0.82%
NVR	D	0.79%
MTD	F	0.77%
OMC	C	0.77%
STLD	B	0.76%
SNA	A	0.76%
MANH	D	0.76%
COR	B	0.75%
CDW	F	0.73%
LYB	F	0.72%
ULTA	F	0.7%
RS	B	0.7%
VRSK	A	0.69%
WSO	A	0.67%
VRSN	C	0.67%
EXPD	C	0.67%
GPC	D	0.65%
AVY	F	0.62%
RPM	A	0.61%
CF	A	0.61%
ACGL	C	0.61%
TPR	B	0.6%
MAS	D	0.59%
THC	D	0.59%
EG	C	0.58%
VTRS	A	0.57%
ROL	B	0.55%
TER	F	0.54%
UAL	A	0.54%
GGG	B	0.53%
CASY	A	0.52%
HSY	F	0.52%
TXRH	B	0.51%
POOL	C	0.5%
FFIV	B	0.5%
NDSN	B	0.49%
EHC	B	0.49%
VLTO	C	0.49%
DKS	D	0.48%
UHS	D	0.48%
ALSN	B	0.47%
CHRW	B	0.47%
OVV	B	0.46%
BJ	A	0.46%
LECO	C	0.46%
CW	C	0.46%
JBL	C	0.45%
CPT	B	0.44%
JNPR	D	0.42%
ELS	C	0.42%
SAIA	B	0.42%
RPRX	D	0.4%
PAYC	B	0.4%
TOL	B	0.39%
EXPE	B	0.38%
TPX	B	0.38%
HRB	D	0.37%
MUSA	B	0.37%
BXP	C	0.37%
K	A	0.37%
DCI	B	0.36%
LKQ	F	0.36%
ACI	C	0.36%
DOX	D	0.35%
ALLY	C	0.35%
LW	C	0.35%
RL	C	0.34%
KNSL	B	0.34%
MTG	C	0.32%
ORI	A	0.31%
RHI	C	0.3%
TTC	C	0.3%
DG	F	0.3%
SKX	D	0.3%
WING	D	0.29%
G	B	0.29%
CHE	D	0.28%
APA	D	0.28%
NNN	C	0.28%
PB	B	0.27%
AMG	B	0.25%
R	B	0.25%
VNT	C	0.24%
EGP	D	0.24%
WPC	C	0.23%
DINO	D	0.23%
LSTR	D	0.23%
VFC	C	0.23%
AM	A	0.22%
DVA	C	0.22%
JHG	B	0.21%
NFG	A	0.2%
AN	C	0.2%
STAG	D	0.2%
SEE	C	0.2%
OMF	A	0.2%
BC	C	0.2%
CROX	D	0.19%
LAMR	C	0.19%
WU	F	0.19%
SON	F	0.18%
DTM	A	0.18%
FOXA	A	0.18%
FLO	D	0.18%
WBA	F	0.17%
OGN	F	0.17%
AGO	B	0.17%
AYI	B	0.17%
MSM	C	0.17%
M	F	0.17%
CHH	A	0.16%
CHRD	D	0.16%
DLB	B	0.16%
LOPE	C	0.15%
KRC	B	0.14%
HIW	C	0.14%
PII	F	0.14%
COKE	C	0.13%
ACHC	F	0.13%
COLB	B	0.12%
AVT	C	0.12%
COLM	C	0.11%
MAN	F	0.11%
IVZ	B	0.11%
PAG	B	0.11%
AWI	A	0.11%
NEU	D	0.11%
JWN	D	0.1%
CIVI	D	0.1%
APPF	B	0.09%
CUZ	B	0.08%
CRI	F	0.08%
KSS	F	0.07%
WEN	D	0.06%
SNDR	B	0.06%
CNA	C	0.04%
SIRI	C	0.03%
DDS	B	0.03%
CNXC	F	0.03%

FLQM Underweight 143 Positions Relative to FHEQ

Symbol	Grade	Weight
AAPL	C	-7.31%
NVDA	B	-7.27%
MSFT	D	-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%
XOM	B	-1.54%
AVGO	D	-1.49%
MA	B	-1.34%
HD	B	-1.32%
TSLA	B	-1.26%
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%
TJX	A	-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%
C	A	-0.54%
PYPL	B	-0.54%
KLAC	F	-0.54%
ZM	C	-0.52%
CVNA	B	-0.52%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
CMG	B	-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%
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%
ANF	F	-0.33%
NUE	C	-0.32%
MEDP	D	-0.31%
TMUS	B	-0.29%
SKYW	C	-0.29%
SPGI	C	-0.28%
HWM	A	-0.27%
MSI	B	-0.26%
TMO	F	-0.26%
NSC	B	-0.26%
FTNT	C	-0.24%
AMT	C	-0.24%
AMGN	F	-0.24%
BLK	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%
PSA	C	-0.19%
DOCU	B	-0.18%
HLT	A	-0.18%
VZ	C	-0.18%
GEHC	D	-0.17%
LNW	F	-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%
F	C	-0.15%
TPH	D	-0.15%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	F	-0.14%
DASH	B	-0.12%
VEEV	C	-0.12%
QRVO	F	-0.11%
VST	A	-0.11%
ROST	D	-0.1%
MKL	A	-0.09%
ANET	C	-0.08%
DOC	C	-0.08%
BCC	B	-0.07%
MDLZ	F	-0.07%
L	A	-0.07%
TENB	C	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
ORCL	A	-0.04%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
NWL	C	-0.01%
OGE	A	-0.01%