FLRG vs. DFNV ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV)

FLRG

Fidelity U.S. Multifactor ETF

FLRG Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index?. The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index?. The Fidelity U.S. Multifactor Index? is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$35.32

Average Daily Volume

51,530

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$36.88

Average Daily Volume

20,590

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	DFNV
30 Days	2.65%	5.72%
60 Days	5.30%	9.66%
90 Days	5.81%	12.32%
12 Months	31.91%	39.55%

18 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in DFNV	Overlap
ABBV	F	1.29%	2.59%	1.29%
AMGN	F	0.91%	1.6%	0.91%
ANET	C	0.68%	1.58%	0.68%
AVGO	D	1.93%	4.14%	1.93%
CRUS	D	0.47%	0.32%	0.32%
CRWD	B	0.67%	1.7%	0.67%
CVLT	B	0.47%	0.48%	0.47%
DBX	B	0.5%	0.48%	0.48%
EA	A	0.17%	1.09%	0.17%
GEN	B	0.51%	0.68%	0.51%
IBM	C	0.9%	2.04%	0.9%
JNJ	C	1.35%	2.45%	1.35%
MSI	B	0.64%	1.52%	0.64%
NTAP	C	0.49%	0.81%	0.49%
QCOM	F	0.81%	2.14%	0.81%
QLYS	B	0.42%	0.39%	0.39%
SWKS	F	0.43%	0.5%	0.43%
ZM	C	0.56%	0.8%	0.56%

FLRG Overweight 83 Positions Relative to DFNV

Symbol	Grade	Weight
MSFT	D	6.44%
NVDA	B	6.08%
GOOGL	C	3.46%
META	D	2.47%
LLY	F	1.98%
VST	A	1.76%
V	A	1.66%
MA	B	1.64%
HD	B	1.62%
PG	C	1.43%
MCD	D	1.28%
PGR	A	1.25%
LMT	D	1.2%
ADP	A	1.17%
BKNG	A	1.15%
NFG	A	1.12%
PSA	C	1.04%
PAYX	B	1.04%
PCAR	B	1.03%
ALSN	B	1.02%
ACGL	C	1.02%
PM	B	1.01%
MLI	B	1.0%
VRSK	A	1.0%
BCC	B	0.97%
SNA	A	0.97%
HIG	B	0.95%
NVR	D	0.94%
CF	A	0.91%
LEN	D	0.91%
ORLY	B	0.91%
PHM	D	0.91%
DTM	A	0.9%
EG	C	0.9%
JXN	C	0.89%
CRBG	B	0.88%
VICI	C	0.88%
SYF	B	0.88%
OHI	C	0.87%
MTG	C	0.87%
AZO	C	0.87%
HRB	D	0.87%
ESNT	F	0.87%
WSM	C	0.86%
CI	D	0.83%
RGA	A	0.83%
CTRA	B	0.83%
NUE	C	0.82%
MO	A	0.82%
CL	D	0.82%
STLD	B	0.81%
RDN	D	0.81%
VLO	C	0.81%
REGN	F	0.8%
VRTX	D	0.79%
AMAT	F	0.77%
BRBR	A	0.77%
KMB	C	0.75%
UTHR	C	0.7%
NFLX	A	0.69%
CNC	D	0.67%
CHRD	D	0.67%
KLAC	F	0.65%
MOH	F	0.65%
FICO	B	0.63%
RPRX	D	0.63%
LRCX	F	0.63%
APH	A	0.61%
CDNS	B	0.6%
MCK	A	0.6%
NXPI	D	0.55%
DELL	B	0.54%
GDDY	A	0.53%
CTSH	B	0.52%
AKAM	D	0.5%
ACIW	B	0.5%
VZ	C	0.47%
DOX	D	0.47%
DLB	B	0.45%
T	A	0.41%
CMCSA	B	0.41%
TMUS	B	0.31%
FOXA	A	0.14%

FLRG Underweight 81 Positions Relative to DFNV

Symbol	Grade	Weight
AAPL	C	-7.79%
CRM	B	-2.93%
NOW	A	-2.72%
APP	B	-2.69%
ADBE	C	-2.35%
PLTR	B	-2.33%
INTU	B	-2.3%
BMY	B	-1.99%
PANW	B	-1.96%
GILD	C	-1.91%
UBER	F	-1.83%
SPOT	B	-1.8%
FTNT	C	-1.58%
DASH	B	-1.53%
TEAM	A	-1.38%
PYPL	B	-1.37%
TTD	B	-1.24%
MMM	D	-1.24%
ADSK	A	-1.24%
VRT	B	-1.22%
SNOW	B	-1.17%
WDAY	B	-1.17%
DDOG	A	-1.14%
VEEV	C	-1.04%
RBLX	C	-1.0%
ZS	B	-0.98%
UI	B	-0.97%
EXPE	B	-0.83%
DOCU	B	-0.81%
MCHP	F	-0.79%
NTNX	B	-0.78%
RMD	C	-0.77%
PTC	B	-0.76%
MANH	D	-0.75%
DUOL	A	-0.72%
PINS	F	-0.7%
PSTG	D	-0.68%
DT	D	-0.66%
FFIV	B	-0.6%
PCTY	C	-0.59%
VRSN	C	-0.57%
PEGA	B	-0.54%
NBIX	C	-0.53%
JKHY	D	-0.51%
GNRC	C	-0.5%
SMAR	B	-0.5%
SOLV	D	-0.49%
LYFT	C	-0.48%
HAS	D	-0.44%
JAZZ	B	-0.44%
ETSY	D	-0.42%
NYT	D	-0.4%
PATH	C	-0.4%
MTCH	D	-0.4%
ALTR	B	-0.4%
HALO	F	-0.38%
TENB	C	-0.36%
PI	D	-0.36%
BOX	B	-0.36%
MAT	D	-0.36%
CWAN	B	-0.33%
ENPH	F	-0.3%
ALKS	C	-0.3%
QRVO	F	-0.29%
BL	B	-0.28%
IGT	F	-0.25%
ZETA	D	-0.24%
VERX	A	-0.23%
RNG	C	-0.22%
PLTK	B	-0.22%
PRGS	A	-0.21%
ALRM	C	-0.21%
AMZN	C	-0.2%
ACAD	C	-0.2%
TDC	D	-0.2%
RPD	B	-0.19%
YELP	C	-0.18%
FLNC	D	-0.18%
YOU	D	-0.17%
PTGX	D	-0.17%
CMPR	D	-0.15%