FLRG vs. QQQJ ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to Invesco NASDAQ Next Gen 100 ETF (QQQJ)

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

$34.03

Average Daily Volume

44,216

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

QQQJ

Invesco NASDAQ Next Gen 100 ETF

QQQJ Description

The Invesco NASDAQ Next Gen 100 Fund (Fund) is based on the NASDAQ Next Generation 100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index®. The Fund and Index are rebalanced quarterly and reconstituted annually.

Grade (RS Rating)

Last Trade

$30.40

Average Daily Volume

103,148

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	QQQJ
30 Days	4.38%	6.93%
60 Days	10.76%	13.69%
90 Days	6.73%	8.92%
12 Months	34.29%	25.62%

10 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in QQQJ	Overlap
AKAM	D	0.2%	1.0%	0.2%
DOX	B	0.23%	0.65%	0.23%
FOXA	B	0.27%	0.62%	0.27%
MANH	A	0.25%	1.11%	0.25%
RPRX	D	0.64%	0.82%	0.64%
STLD	C	0.75%	1.26%	0.75%
SWKS	F	0.26%	1.02%	0.26%
UTHR	C	0.98%	1.03%	0.98%
VRSN	C	0.25%	1.21%	0.25%
ZM	B	0.23%	1.18%	0.23%

FLRG Overweight 90 Positions Relative to QQQJ

Symbol	Grade	Weight
AAPL	C	6.58%
MSFT	D	6.2%
NVDA	B	5.59%
GOOGL	B	3.83%
META	A	2.39%
LLY	D	2.02%
VST	A	1.63%
V	B	1.56%
MA	A	1.51%
AVGO	B	1.51%
PG	D	1.47%
HD	A	1.44%
JNJ	D	1.43%
ABBV	C	1.36%
LMT	A	1.24%
NFG	A	1.19%
PM	D	1.17%
MCD	A	1.09%
AFL	A	1.09%
ALSN	A	1.08%
MLI	B	1.07%
ADP	A	1.05%
FCNCA	D	1.04%
AMGN	D	1.0%
ACGL	A	0.98%
OHI	C	0.97%
AZO	D	0.96%
MO	D	0.96%
VRTX	D	0.96%
MTH	C	0.95%
ORLY	A	0.95%
MCK	F	0.95%
PHM	C	0.95%
VLO	F	0.95%
RGA	B	0.94%
LEN	C	0.94%
LNG	A	0.94%
TMHC	C	0.93%
BKNG	B	0.93%
NVR	C	0.93%
MTG	A	0.93%
CL	D	0.93%
REGN	D	0.93%
SYF	A	0.92%
VRSK	D	0.92%
RDN	D	0.91%
PSA	C	0.9%
PAYX	B	0.9%
CME	A	0.88%
CBOE	B	0.84%
ESNT	A	0.84%
KMB	D	0.82%
CHRD	F	0.82%
PCAR	D	0.82%
VICI	C	0.81%
CTRA	D	0.81%
GILD	A	0.8%
SNA	C	0.78%
EG	A	0.76%
BCC	C	0.74%
CNC	F	0.73%
CF	A	0.7%
BLDR	C	0.7%
MOH	F	0.66%
ADBE	F	0.66%
NUE	D	0.64%
ACN	B	0.6%
BRBR	A	0.58%
CSCO	A	0.58%
INTU	F	0.57%
IBM	A	0.57%
AMAT	C	0.55%
NOW	B	0.55%
VZ	C	0.54%
T	B	0.5%
CMCSA	B	0.49%
KLAC	B	0.45%
ANET	A	0.43%
LRCX	D	0.4%
FICO	C	0.37%
SNPS	F	0.36%
CDNS	D	0.33%
DELL	C	0.32%
EA	D	0.3%
CTSH	B	0.29%
FTNT	A	0.26%
NYT	C	0.24%
DLB	D	0.21%
DBX	C	0.17%
QLYS	F	0.17%

FLRG Underweight 87 Positions Relative to QQQJ

Symbol	Grade	Weight
MPWR	B	-2.92%
APP	A	-2.46%
ALNY	C	-2.29%
EBAY	A	-2.03%
TSCO	A	-2.0%
AXON	A	-1.94%
FSLR	C	-1.77%
NTAP	D	-1.61%
WDC	C	-1.55%
ICLR	F	-1.53%
STX	C	-1.48%
TCOM	A	-1.47%
PTC	B	-1.42%
TER	C	-1.42%
CHKP	A	-1.41%
DKNG	C	-1.27%
UAL	A	-1.24%
JD	A	-1.24%
ZBRA	B	-1.23%
ALGN	D	-1.23%
ULTA	D	-1.23%
HOLX	D	-1.22%
EXPE	B	-1.2%
SSNC	C	-1.18%
JBHT	D	-1.14%
ARGX	C	-1.12%
ENTG	D	-1.12%
SNY	C	-1.09%
PODD	C	-1.05%
ENPH	F	-1.01%
LNT	B	-1.01%
TRMB	B	-0.98%
NDSN	C	-0.97%
BSY	D	-0.96%
BIDU	C	-0.96%
NTNX	C	-0.95%
GRAB	C	-0.95%
EVRG	C	-0.92%
POOL	D	-0.92%
CASY	D	-0.9%
VTRS	D	-0.89%
LOGI	D	-0.88%
BMRN	F	-0.87%
FLEX	B	-0.86%
FFIV	B	-0.83%
JKHY	A	-0.83%
DOCU	A	-0.82%
INCY	B	-0.82%
CHRW	C	-0.82%
TTEK	A	-0.81%
TECH	D	-0.81%
OKTA	F	-0.78%
SAIA	D	-0.75%
BNTX	B	-0.75%
RIVN	F	-0.75%
NBIX	F	-0.75%
Z	C	-0.73%
NTES	B	-0.73%
LECO	D	-0.71%
WYNN	B	-0.7%
CHK	C	-0.7%
LKQ	F	-0.69%
BRKR	D	-0.69%
MEDP	F	-0.67%
WWD	C	-0.66%
NWSA	D	-0.65%
QRVO	F	-0.64%
CHDN	C	-0.64%
BGNE	A	-0.63%
MTCH	B	-0.63%
LBRDK	C	-0.62%
ROKU	C	-0.61%
HSIC	D	-0.6%
APA	F	-0.59%
FOX	B	-0.59%
OTEX	D	-0.58%
PCTY	C	-0.58%
CZR	B	-0.58%
NICE	D	-0.56%
LCID	F	-0.54%
RGEN	F	-0.53%
LSCC	D	-0.48%
JAZZ	F	-0.44%
ETSY	F	-0.43%
NWS	D	-0.34%
FIVE	D	-0.33%
ZG	C	-0.22%