FLRG vs. QARP ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to Xtrackers Russell 1000 US QARP ETF (QARP)

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

$33.74

Average Daily Volume

41,536

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.05

Average Daily Volume

19,317

Number of Holdings ^*

344

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	QARP
30 Days	1.77%	2.54%
60 Days	4.93%	4.48%
90 Days	6.90%	6.03%
12 Months	31.72%	26.63%

76 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in QARP	Overlap
AAPL	C	6.58%	5.0%	5.0%
ABBV	B	1.36%	0.02%	0.02%
ACGL	B	0.98%	0.28%	0.28%
ACN	C	0.6%	1.19%	0.6%
ADBE	F	0.66%	0.91%	0.66%
ADP	C	1.05%	0.2%	0.2%
ALSN	B	1.08%	0.03%	0.03%
AMAT	D	0.55%	0.89%	0.55%
AMGN	D	1.0%	0.03%	0.03%
ANET	C	0.43%	0.13%	0.13%
AZO	B	0.96%	0.36%	0.36%
BKNG	B	0.93%	0.71%	0.71%
BLDR	C	0.7%	0.18%	0.18%
CBOE	C	0.84%	0.08%	0.08%
CDNS	D	0.33%	0.02%	0.02%
CF	B	0.7%	0.13%	0.13%
CHRD	F	0.82%	0.04%	0.04%
CL	C	0.93%	0.24%	0.24%
CMCSA	C	0.49%	0.83%	0.49%
CNC	D	0.73%	0.3%	0.3%
CSCO	B	0.58%	1.85%	0.58%
CTRA	F	0.81%	0.1%	0.1%
CTSH	B	0.29%	0.29%	0.29%
DBX	C	0.17%	0.04%	0.04%
DOX	C	0.23%	0.07%	0.07%
EA	D	0.3%	0.19%	0.19%
EG	B	0.76%	0.06%	0.06%
FCNCA	D	1.04%	0.13%	0.13%
FICO	B	0.37%	0.06%	0.06%
FOXA	B	0.27%	0.03%	0.03%
FTNT	B	0.26%	0.18%	0.18%
GILD	B	0.8%	0.31%	0.31%
GOOGL	D	3.83%	2.25%	2.25%
HD	B	1.44%	2.01%	1.44%
JNJ	C	1.43%	2.53%	1.43%
KLAC	D	0.45%	0.22%	0.22%
KMB	C	0.82%	0.17%	0.17%
LEN	B	0.94%	0.44%	0.44%
LLY	D	2.02%	0.04%	0.04%
LMT	A	1.24%	0.79%	0.79%
LNG	D	0.94%	0.06%	0.06%
LRCX	D	0.4%	0.52%	0.4%
MA	B	1.51%	1.53%	1.51%
MCD	B	1.09%	0.41%	0.41%
MCK	F	0.95%	0.93%	0.93%
META	B	2.39%	5.23%	2.39%
MO	C	0.96%	0.6%	0.6%
MOH	D	0.66%	0.07%	0.07%
MSFT	C	6.2%	2.13%	2.13%
MTG	B	0.93%	0.11%	0.11%
NUE	D	0.64%	0.39%	0.39%
NVDA	C	5.59%	0.15%	0.15%
NVR	B	0.93%	0.24%	0.24%
NYT	B	0.24%	0.04%	0.04%
ORLY	B	0.95%	0.37%	0.37%
PAYX	C	0.9%	0.19%	0.19%
PCAR	D	0.82%	0.21%	0.21%
PG	C	1.47%	1.43%	1.43%
PHM	B	0.95%	0.23%	0.23%
PM	C	1.17%	0.53%	0.53%
PSA	C	0.9%	0.34%	0.34%
REGN	D	0.93%	0.36%	0.36%
RPRX	C	0.64%	0.03%	0.03%
SNA	B	0.78%	0.1%	0.1%
STLD	C	0.75%	0.22%	0.22%
SWKS	F	0.26%	0.1%	0.1%
SYF	C	0.92%	0.11%	0.11%
T	B	0.5%	0.69%	0.5%
UTHR	B	0.98%	0.1%	0.1%
V	C	1.56%	1.67%	1.56%
VICI	C	0.81%	0.08%	0.08%
VLO	F	0.95%	0.18%	0.18%
VRSN	C	0.25%	0.06%	0.06%
VRTX	D	0.96%	0.21%	0.21%
VST	B	1.63%	0.17%	0.17%
VZ	A	0.54%	0.73%	0.54%

FLRG Overweight 24 Positions Relative to QARP

Symbol	Grade	Weight
AVGO	C	1.51%
NFG	B	1.19%
AFL	A	1.09%
MLI	B	1.07%
OHI	C	0.97%
MTH	C	0.95%
RGA	C	0.94%
TMHC	B	0.93%
VRSK	D	0.92%
RDN	D	0.91%
CME	B	0.88%
ESNT	B	0.84%
BCC	C	0.74%
BRBR	B	0.58%
INTU	D	0.57%
IBM	B	0.57%
NOW	C	0.55%
SNPS	F	0.36%
DELL	C	0.32%
MANH	B	0.25%
ZM	C	0.23%
DLB	D	0.21%
AKAM	D	0.2%
QLYS	D	0.17%

FLRG Underweight 268 Positions Relative to QARP

Symbol	Grade	Weight
BRK.A	C	-5.21%
AMZN	C	-3.71%
XOM	D	-3.07%
WMT	B	-2.81%
COST	C	-2.33%
UNH	C	-2.31%
GOOG	D	-2.03%
CVX	F	-1.39%
TJX	C	-0.83%
LOW	B	-0.79%
COP	F	-0.72%
CAT	B	-0.69%
TSLA	C	-0.63%
ELV	D	-0.62%
CI	C	-0.6%
MMC	C	-0.57%
BMY	C	-0.55%
PFE	D	-0.55%
SBUX	C	-0.52%
EOG	D	-0.46%
UPS	D	-0.42%
TGT	C	-0.42%
MU	D	-0.4%
TXN	B	-0.39%
NKE	D	-0.38%
MRK	F	-0.38%
CAH	C	-0.37%
DHI	C	-0.36%
HUM	F	-0.35%
SYY	C	-0.35%
MCO	C	-0.33%
AON	B	-0.32%
PYPL	B	-0.32%
HCA	B	-0.32%
ADM	D	-0.31%
FDX	D	-0.31%
ITW	B	-0.31%
KR	B	-0.29%
QCOM	D	-0.28%
ROST	C	-0.28%
MPC	F	-0.27%
DE	A	-0.26%
BBY	A	-0.26%
GWW	B	-0.25%
CMI	B	-0.24%
ABNB	D	-0.23%
TROW	C	-0.23%
ABT	C	-0.22%
MSCI	C	-0.22%
URI	B	-0.22%
GM	C	-0.21%
KVUE	B	-0.21%
CVS	D	-0.2%
SPG	B	-0.19%
FAST	C	-0.19%
FANG	F	-0.18%
DAL	C	-0.18%
WSM	C	-0.18%
TSCO	B	-0.17%
ULTA	D	-0.17%
ODFL	D	-0.17%
RS	D	-0.16%
ISRG	C	-0.16%
DVN	F	-0.16%
EXPD	B	-0.15%
LULU	D	-0.15%
GEHC	B	-0.15%
GEV	B	-0.15%
COF	B	-0.14%
SLB	F	-0.14%
EXPE	C	-0.14%
MNST	D	-0.14%
LPLA	D	-0.14%
MMM	B	-0.13%
UNP	D	-0.13%
GRMN	D	-0.13%
DRI	C	-0.13%
EME	B	-0.13%
CASY	D	-0.12%
DECK	C	-0.12%
OC	C	-0.12%
KEYS	B	-0.12%
PSX	F	-0.12%
SOLV	D	-0.11%
LYB	D	-0.11%
CMG	D	-0.11%
CHTR	D	-0.11%
MAR	B	-0.11%
MTD	C	-0.11%
FDS	C	-0.1%
EVR	B	-0.1%
LUV	C	-0.1%
GIS	B	-0.1%
CPNG	B	-0.1%
DKS	D	-0.1%
TPR	A	-0.1%
MRO	D	-0.1%
BJ	D	-0.1%
A	C	-0.1%
WY	C	-0.09%
AMG	C	-0.09%
AMD	C	-0.09%
HRB	C	-0.09%
ROK	D	-0.09%
CBRE	B	-0.09%
EBAY	B	-0.09%
HSY	D	-0.09%
ADI	C	-0.09%
WSO	C	-0.08%
CTAS	C	-0.08%
PFGC	B	-0.08%
AOS	B	-0.08%
DLTR	F	-0.08%
GPC	D	-0.08%
MAS	B	-0.08%
BKR	C	-0.08%
WST	D	-0.08%
INTC	D	-0.08%
MRNA	F	-0.08%
DOW	C	-0.08%
HPQ	C	-0.08%
CINF	C	-0.08%
AYI	B	-0.07%
APTV	D	-0.07%
BWA	C	-0.07%
NTAP	D	-0.07%
GGG	C	-0.07%
SKX	C	-0.07%
UAL	B	-0.07%
ATO	B	-0.07%
SPGI	C	-0.07%
LYV	A	-0.07%
TT	B	-0.07%
TOL	A	-0.07%
FFIV	B	-0.06%
CLF	F	-0.06%
YUM	B	-0.06%
ALGN	D	-0.06%
INCY	C	-0.06%
EW	F	-0.06%
HAL	F	-0.06%
PGR	C	-0.06%
RNR	B	-0.06%
ADSK	B	-0.06%
OXY	F	-0.06%
CHK	C	-0.06%
AGCO	D	-0.06%
K	A	-0.06%
JBL	C	-0.06%
UHS	C	-0.06%
SEIC	B	-0.06%
TXT	D	-0.06%
CHRW	B	-0.06%
CSX	C	-0.06%
POOL	C	-0.06%
CPRT	D	-0.06%
RHI	D	-0.06%
CLX	C	-0.06%
LVS	C	-0.05%
MOS	F	-0.05%
MCHP	D	-0.05%
FCX	C	-0.05%
JBHT	D	-0.05%
HOLX	D	-0.05%
OTIS	B	-0.05%
LEA	D	-0.05%
PKG	B	-0.05%
ON	D	-0.05%
JKHY	B	-0.05%
ITT	B	-0.05%
LSTR	D	-0.05%
FND	C	-0.05%
CSL	B	-0.05%
MUSA	D	-0.05%
BX	C	-0.05%
MKTX	D	-0.05%
RL	B	-0.05%
BLD	C	-0.05%
MGM	D	-0.05%
PWR	B	-0.05%
TXRH	B	-0.05%
EXP	B	-0.05%
ACI	F	-0.05%
COIN	F	-0.04%
ACM	B	-0.04%
EPAM	F	-0.04%
JNPR	A	-0.04%
KNSL	D	-0.04%
USFD	C	-0.04%
CCL	C	-0.04%
CROX	C	-0.04%
LPX	B	-0.04%
CNP	C	-0.04%
WBD	D	-0.04%
TSN	D	-0.04%
EL	D	-0.04%
AMCR	B	-0.04%
ALK	B	-0.04%
ARMK	B	-0.04%
WYNN	C	-0.04%
TER	C	-0.04%
IP	C	-0.04%
J	A	-0.04%
CE	D	-0.04%
LECO	D	-0.04%
SAIA	D	-0.04%
CHE	C	-0.04%
FIX	B	-0.04%
COKE	C	-0.04%
INGR	B	-0.04%
GNTX	D	-0.04%
CNM	F	-0.04%
ORCL	B	-0.04%
DCI	C	-0.04%
BURL	C	-0.04%
LKQ	F	-0.03%
TTEK	C	-0.03%
DD	B	-0.03%
WAT	B	-0.03%
EXEL	C	-0.03%
WTW	B	-0.03%
SSD	C	-0.03%
LOPE	D	-0.03%
HII	F	-0.03%
KNX	C	-0.03%
MHK	B	-0.03%
SJM	C	-0.03%
PVH	D	-0.03%
THO	C	-0.03%
GLPI	C	-0.03%
DPZ	D	-0.03%
DGX	B	-0.03%
MSM	D	-0.03%
OLN	D	-0.03%
AAL	D	-0.03%
GAP	F	-0.03%
ROL	C	-0.03%
CRUS	D	-0.03%
HLI	C	-0.03%
FCN	C	-0.03%
PAYC	D	-0.03%
TAP	D	-0.03%
MEDP	F	-0.03%
PII	D	-0.03%
VVV	D	-0.03%
LAMR	B	-0.03%
HST	D	-0.03%
OSK	F	-0.03%
X	F	-0.03%
BBWI	D	-0.02%
AR	C	-0.02%
DINO	F	-0.02%
BIIB	F	-0.02%
JHG	B	-0.02%
NEU	D	-0.02%
ALB	D	-0.02%
APA	F	-0.02%
FIVE	D	-0.02%
MTZ	C	-0.02%
CDW	D	-0.02%
CPB	C	-0.02%
CTVA	B	-0.02%
PINC	D	-0.02%
RLI	B	-0.02%
M	F	-0.02%
G	C	-0.02%
OVV	F	-0.02%
IWB	A	-0.0%