FLRG vs. FELC ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to Fidelity Enhanced Large Cap Core ETF (FELC)

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

$35.37

Average Daily Volume

51,658

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	FELC
30 Days	3.91%	3.27%
60 Days	5.11%	5.09%
90 Days	6.17%	6.09%
12 Months	32.36%	33.74%

41 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in FELC	Overlap
ABBV	D	1.29%	1.02%	1.02%
ADP	B	1.17%	0.2%	0.2%
AMAT	F	0.77%	0.68%	0.68%
AMGN	D	0.91%	0.33%	0.33%
ANET	C	0.68%	0.11%	0.11%
AVGO	D	1.93%	1.72%	1.72%
BKNG	A	1.15%	0.13%	0.13%
CI	F	0.83%	0.63%	0.63%
CL	D	0.82%	0.47%	0.47%
CMCSA	B	0.41%	0.86%	0.41%
CRUS	D	0.47%	0.03%	0.03%
DBX	B	0.5%	0.52%	0.5%
GOOGL	C	3.46%	2.05%	2.05%
HD	A	1.62%	1.29%	1.29%
JNJ	D	1.35%	0.74%	0.74%
KLAC	D	0.65%	0.63%	0.63%
LLY	F	1.98%	0.76%	0.76%
LMT	D	1.2%	0.71%	0.71%
LRCX	F	0.63%	0.44%	0.44%
MA	C	1.64%	1.36%	1.36%
MCK	B	0.6%	0.06%	0.06%
META	D	2.47%	2.89%	2.47%
MSFT	F	6.44%	5.68%	5.68%
MSI	B	0.64%	0.5%	0.5%
NFLX	A	0.69%	1.3%	0.69%
NUE	C	0.82%	0.2%	0.2%
NVDA	C	6.08%	7.39%	6.08%
PCAR	B	1.03%	0.52%	0.52%
PG	A	1.43%	0.72%	0.72%
PGR	A	1.25%	0.74%	0.74%
PM	B	1.01%	0.94%	0.94%
PSA	D	1.04%	0.09%	0.09%
QCOM	F	0.81%	0.88%	0.81%
STLD	B	0.81%	0.06%	0.06%
SWKS	F	0.43%	0.03%	0.03%
T	A	0.41%	0.73%	0.41%
TMUS	B	0.31%	0.31%	0.31%
V	A	1.66%	0.82%	0.82%
VST	B	1.76%	0.12%	0.12%
VZ	C	0.47%	0.06%	0.06%
ZM	B	0.56%	0.51%	0.51%

FLRG Overweight 60 Positions Relative to FELC

Symbol	Grade	Weight
MCD	D	1.28%
NFG	A	1.12%
PAYX	C	1.04%
ALSN	B	1.02%
ACGL	D	1.02%
MLI	C	1.0%
VRSK	A	1.0%
BCC	B	0.97%
SNA	A	0.97%
HIG	B	0.95%
NVR	D	0.94%
CF	B	0.91%
LEN	D	0.91%
ORLY	B	0.91%
PHM	D	0.91%
IBM	C	0.9%
DTM	B	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	D	0.87%
WSM	B	0.86%
RGA	A	0.83%
CTRA	B	0.83%
MO	A	0.82%
RDN	C	0.81%
VLO	C	0.81%
REGN	F	0.8%
VRTX	F	0.79%
BRBR	A	0.77%
KMB	D	0.75%
UTHR	C	0.7%
CNC	D	0.67%
CRWD	B	0.67%
CHRD	D	0.67%
MOH	F	0.65%
FICO	B	0.63%
RPRX	D	0.63%
APH	A	0.61%
CDNS	B	0.6%
NXPI	D	0.55%
DELL	C	0.54%
GDDY	A	0.53%
CTSH	B	0.52%
GEN	B	0.51%
AKAM	D	0.5%
ACIW	B	0.5%
NTAP	C	0.49%
DOX	D	0.47%
CVLT	B	0.47%
DLB	B	0.45%
QLYS	C	0.42%
EA	A	0.17%
FOXA	B	0.14%

FLRG Underweight 129 Positions Relative to FELC

Symbol	Grade	Weight
AAPL	C	-7.38%
AMZN	C	-3.93%
BRK.A	B	-2.25%
JPM	A	-1.94%
GOOG	C	-1.9%
XOM	B	-1.56%
TSLA	B	-1.31%
BAC	A	-1.2%
CRM	B	-1.15%
WMT	A	-1.14%
MRK	F	-0.99%
ADBE	C	-0.94%
NEE	D	-0.84%
SCHW	B	-0.8%
UNP	C	-0.76%
BMY	B	-0.75%
GILD	C	-0.74%
RTX	C	-0.7%
CTAS	B	-0.69%
MU	D	-0.66%
CSCO	B	-0.66%
DIS	B	-0.65%
ECL	D	-0.63%
BDX	F	-0.62%
NOC	D	-0.6%
TJX	A	-0.59%
SPG	B	-0.59%
SQ	B	-0.58%
UNH	C	-0.57%
CAT	B	-0.57%
ABT	B	-0.56%
CVNA	B	-0.55%
NOW	A	-0.55%
EOG	A	-0.54%
CSX	B	-0.54%
DVN	F	-0.53%
TXT	D	-0.52%
TT	A	-0.52%
CME	A	-0.5%
IGT	F	-0.46%
EXEL	B	-0.45%
TRV	B	-0.43%
ANF	C	-0.42%
PFE	D	-0.42%
CACI	D	-0.4%
GE	D	-0.39%
SSNC	B	-0.38%
NSC	B	-0.38%
TDC	D	-0.37%
AON	A	-0.35%
CMG	B	-0.35%
PYPL	B	-0.34%
MSCI	C	-0.33%
TMO	F	-0.33%
ALLE	D	-0.33%
WM	A	-0.32%
SPGI	C	-0.31%
MS	A	-0.31%
COST	B	-0.31%
CAH	B	-0.31%
AXP	A	-0.31%
TROW	B	-0.31%
PPG	F	-0.3%
SEIC	B	-0.3%
MGM	D	-0.3%
MMC	B	-0.29%
INCY	C	-0.28%
CCL	B	-0.26%
CVS	D	-0.25%
LDOS	C	-0.24%
AMT	D	-0.24%
RSG	A	-0.24%
SKYW	B	-0.23%
GAP	C	-0.22%
GRMN	B	-0.22%
IDXX	F	-0.22%
LHX	C	-0.21%
LYFT	C	-0.21%
GL	B	-0.21%
MEDP	D	-0.21%
ALRM	C	-0.2%
OXY	D	-0.19%
DASH	A	-0.18%
WDAY	B	-0.16%
FTNT	C	-0.15%
GS	A	-0.15%
ED	D	-0.15%
UBER	D	-0.14%
WTW	B	-0.14%
MMM	D	-0.13%
TWLO	A	-0.13%
UNM	A	-0.12%
PNC	B	-0.12%
QRVO	F	-0.12%
NBIX	C	-0.11%
NRG	B	-0.11%
CLX	B	-0.11%
BK	A	-0.11%
F	C	-0.11%
BLD	D	-0.11%
LNW	D	-0.11%
BBWI	D	-0.11%
BIIB	F	-0.1%
PEGA	A	-0.1%
WFC	A	-0.1%
HWM	A	-0.1%
SOLV	C	-0.09%
VEEV	C	-0.08%
MKL	A	-0.08%
FR	C	-0.08%
ZBRA	B	-0.06%
DHI	D	-0.06%
ORCL	B	-0.05%
AXTA	A	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
PLTK	B	-0.04%
ROST	C	-0.04%
GEHC	F	-0.04%
SYK	C	-0.03%
KR	B	-0.03%
A	D	-0.03%
LPLA	A	-0.03%
GPN	B	-0.02%
C	A	-0.02%
DOCU	A	-0.02%
WBD	C	-0.01%
AES	F	-0.01%
CVX	A	-0.01%