FLRG vs. TVAL ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

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

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	TVAL
30 Days	3.91%	2.98%
60 Days	5.11%	4.22%
90 Days	6.17%	5.88%
12 Months	32.36%	29.14%

30 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in TVAL	Overlap
ABBV	D	1.29%	0.36%	0.36%
AMAT	F	0.77%	0.38%	0.38%
AZO	C	0.87%	0.52%	0.52%
CF	B	0.91%	0.52%	0.52%
CI	F	0.83%	0.87%	0.83%
CL	D	0.82%	0.84%	0.82%
CMCSA	B	0.41%	0.46%	0.41%
HD	A	1.62%	0.63%	0.63%
HIG	B	0.95%	1.96%	0.95%
JNJ	D	1.35%	1.82%	1.35%
KMB	D	0.75%	0.66%	0.66%
LEN	D	0.91%	0.42%	0.42%
LLY	F	1.98%	1.19%	1.19%
MCD	D	1.28%	0.46%	0.46%
MCK	B	0.6%	0.8%	0.6%
META	D	2.47%	0.87%	0.87%
MOH	F	0.65%	0.28%	0.28%
MSFT	F	6.44%	0.65%	0.65%
MSI	B	0.64%	0.34%	0.34%
PG	A	1.43%	0.72%	0.72%
PGR	A	1.25%	0.48%	0.48%
PM	B	1.01%	1.41%	1.01%
PSA	D	1.04%	0.44%	0.44%
QCOM	F	0.81%	1.08%	0.81%
REGN	F	0.8%	0.42%	0.42%
STLD	B	0.81%	0.32%	0.32%
TMUS	B	0.31%	0.88%	0.31%
VRTX	F	0.79%	0.29%	0.29%
VST	B	1.76%	0.74%	0.74%
VZ	C	0.47%	0.58%	0.47%

FLRG Overweight 71 Positions Relative to TVAL

Symbol	Grade	Weight
NVDA	C	6.08%
GOOGL	C	3.46%
AVGO	D	1.93%
V	A	1.66%
MA	C	1.64%
LMT	D	1.2%
ADP	B	1.17%
BKNG	A	1.15%
NFG	A	1.12%
PAYX	C	1.04%
PCAR	B	1.03%
ALSN	B	1.02%
ACGL	D	1.02%
MLI	C	1.0%
VRSK	A	1.0%
BCC	B	0.97%
SNA	A	0.97%
NVR	D	0.94%
ORLY	B	0.91%
PHM	D	0.91%
AMGN	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%
HRB	D	0.87%
ESNT	D	0.87%
WSM	B	0.86%
RGA	A	0.83%
CTRA	B	0.83%
NUE	C	0.82%
MO	A	0.82%
RDN	C	0.81%
VLO	C	0.81%
BRBR	A	0.77%
UTHR	C	0.7%
NFLX	A	0.69%
ANET	C	0.68%
CNC	D	0.67%
CRWD	B	0.67%
CHRD	D	0.67%
KLAC	D	0.65%
FICO	B	0.63%
RPRX	D	0.63%
LRCX	F	0.63%
APH	A	0.61%
CDNS	B	0.6%
ZM	B	0.56%
NXPI	D	0.55%
DELL	C	0.54%
GDDY	A	0.53%
CTSH	B	0.52%
GEN	B	0.51%
DBX	B	0.5%
AKAM	D	0.5%
ACIW	B	0.5%
NTAP	C	0.49%
CRUS	D	0.47%
DOX	D	0.47%
CVLT	B	0.47%
DLB	B	0.45%
SWKS	F	0.43%
QLYS	C	0.42%
T	A	0.41%
EA	A	0.17%
FOXA	B	0.14%

FLRG Underweight 114 Positions Relative to TVAL

Symbol	Grade	Weight
XOM	B	-2.56%
CB	C	-2.23%
UNH	C	-1.9%
WMT	A	-1.89%
BAC	A	-1.89%
ELV	F	-1.81%
WFC	A	-1.77%
SO	D	-1.67%
FI	A	-1.53%
KVUE	A	-1.49%
LHX	C	-1.36%
COP	C	-1.25%
JPM	A	-1.23%
AVB	B	-1.22%
GE	D	-1.21%
TMO	F	-1.12%
SWK	D	-1.1%
CMI	A	-1.09%
BDX	F	-1.01%
EQH	B	-1.0%
GOOG	C	-0.95%
SCHW	B	-0.89%
WY	D	-0.88%
AIG	B	-0.87%
ZBH	C	-0.85%
EOG	A	-0.82%
C	A	-0.81%
MRK	F	-0.8%
FITB	A	-0.77%
NWSA	B	-0.75%
NSC	B	-0.74%
CVX	A	-0.73%
LIN	D	-0.73%
KO	D	-0.72%
TXN	C	-0.7%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
MMC	B	-0.67%
AEE	A	-0.65%
DHR	F	-0.65%
IP	B	-0.64%
RSG	A	-0.62%
WDC	D	-0.6%
NEE	D	-0.59%
USB	A	-0.56%
BA	F	-0.56%
MS	A	-0.56%
D	C	-0.55%
RPM	A	-0.52%
ROK	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
HWM	A	-0.48%
REXR	F	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
WMB	A	-0.46%
EQT	B	-0.46%
APO	B	-0.46%
TDG	D	-0.46%
HBAN	A	-0.45%
ARES	A	-0.45%
MU	D	-0.45%
HCA	F	-0.45%
BLK	C	-0.43%
FANG	D	-0.43%
MDLZ	F	-0.43%
UNP	C	-0.42%
CPAY	A	-0.42%
LVS	C	-0.41%
LAMR	D	-0.4%
KDP	D	-0.4%
CAG	D	-0.4%
TSM	B	-0.39%
ALL	A	-0.39%
YUM	B	-0.36%
BKR	B	-0.35%
KEYS	A	-0.35%
ADI	D	-0.35%
PLD	D	-0.34%
EFX	F	-0.33%
A	D	-0.33%
COF	B	-0.33%
UAL	A	-0.31%
TT	A	-0.31%
AME	A	-0.31%
OTIS	C	-0.3%
CAT	B	-0.3%
ROP	B	-0.29%
TJX	A	-0.29%
UPS	C	-0.28%
CARR	D	-0.27%
MCHP	D	-0.27%
AXP	A	-0.26%
SPGI	C	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CVS	D	-0.23%
CME	A	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
AMD	F	-0.22%
MET	A	-0.22%
BHP	F	-0.2%
DIS	B	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%
DTE	C	-0.17%
EQIX	A	-0.16%