FLRG vs. VFMV ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to Vanguard U.S. Minimum Volatility ETF (VFMV)

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

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$121.10

Average Daily Volume

7,210

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	VFMV
30 Days	1.77%	0.83%
60 Days	4.93%	3.76%
90 Days	6.90%	6.93%
12 Months	31.72%	27.18%

36 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in VFMV	Overlap
AAPL	C	6.58%	0.64%	0.64%
ABBV	B	1.36%	1.34%	1.34%
ACN	C	0.6%	0.23%	0.23%
AKAM	D	0.2%	0.04%	0.04%
AMAT	D	0.55%	0.13%	0.13%
AMGN	D	1.0%	0.64%	0.64%
AVGO	C	1.51%	0.71%	0.71%
AZO	B	0.96%	0.42%	0.42%
CBOE	C	0.84%	1.13%	0.84%
CL	C	0.93%	1.05%	0.93%
CME	B	0.88%	1.19%	0.88%
CSCO	B	0.58%	1.46%	0.58%
DLB	D	0.21%	1.06%	0.21%
DOX	C	0.23%	1.03%	0.23%
EA	D	0.3%	1.48%	0.3%
GILD	B	0.8%	0.89%	0.8%
GOOGL	D	3.83%	0.87%	0.87%
IBM	B	0.57%	1.31%	0.57%
JNJ	C	1.43%	1.46%	1.43%
KLAC	D	0.45%	0.09%	0.09%
KMB	C	0.82%	0.07%	0.07%
LLY	D	2.02%	0.92%	0.92%
LMT	A	1.24%	1.44%	1.24%
LRCX	D	0.4%	0.08%	0.08%
MCD	B	1.09%	1.24%	1.09%
MCK	F	0.95%	1.5%	0.95%
META	B	2.39%	0.6%	0.6%
MO	C	0.96%	0.28%	0.28%
MSFT	C	6.2%	0.45%	0.45%
ORLY	B	0.95%	1.33%	0.95%
PG	C	1.47%	1.45%	1.45%
REGN	D	0.93%	1.27%	0.93%
T	B	0.5%	0.51%	0.5%
V	C	1.56%	0.44%	0.44%
VRTX	D	0.96%	0.04%	0.04%
VZ	A	0.54%	1.2%	0.54%

FLRG Overweight 64 Positions Relative to VFMV

Symbol	Grade	Weight
NVDA	C	5.59%
VST	B	1.63%
MA	B	1.51%
HD	B	1.44%
NFG	B	1.19%
PM	C	1.17%
AFL	A	1.09%
ALSN	B	1.08%
MLI	B	1.07%
ADP	C	1.05%
FCNCA	D	1.04%
UTHR	B	0.98%
ACGL	B	0.98%
OHI	C	0.97%
MTH	C	0.95%
PHM	B	0.95%
VLO	F	0.95%
RGA	C	0.94%
LEN	B	0.94%
LNG	D	0.94%
TMHC	B	0.93%
BKNG	B	0.93%
NVR	B	0.93%
MTG	B	0.93%
SYF	C	0.92%
VRSK	D	0.92%
RDN	D	0.91%
PSA	C	0.9%
PAYX	C	0.9%
ESNT	B	0.84%
CHRD	F	0.82%
PCAR	D	0.82%
VICI	C	0.81%
CTRA	F	0.81%
SNA	B	0.78%
EG	B	0.76%
STLD	C	0.75%
BCC	C	0.74%
CNC	D	0.73%
CF	B	0.7%
BLDR	C	0.7%
MOH	D	0.66%
ADBE	F	0.66%
NUE	D	0.64%
RPRX	C	0.64%
BRBR	B	0.58%
INTU	D	0.57%
NOW	C	0.55%
CMCSA	C	0.49%
ANET	C	0.43%
FICO	B	0.37%
SNPS	F	0.36%
CDNS	D	0.33%
DELL	C	0.32%
CTSH	B	0.29%
FOXA	B	0.27%
SWKS	F	0.26%
FTNT	B	0.26%
VRSN	C	0.25%
MANH	B	0.25%
NYT	B	0.24%
ZM	C	0.23%
DBX	C	0.17%
QLYS	D	0.17%

FLRG Underweight 110 Positions Relative to VFMV

Symbol	Grade	Weight
CVLT	B	-1.63%
NTAP	D	-1.57%
TJX	C	-1.56%
TMUS	B	-1.56%
TXN	B	-1.54%
ROP	C	-1.5%
PGR	C	-1.49%
VECO	F	-1.49%
WMT	B	-1.47%
WM	D	-1.46%
GD	C	-1.43%
MUSA	D	-1.43%
XOM	D	-1.42%
ADI	C	-1.42%
KEX	C	-1.4%
RSG	D	-1.39%
MRK	F	-1.39%
IDT	C	-1.35%
DUK	B	-1.31%
CHD	C	-1.28%
NOC	B	-1.27%
FCN	C	-1.21%
IDCC	B	-1.14%
LRN	B	-1.05%
GIS	B	-0.98%
WMB	C	-0.97%
HSTM	D	-0.97%
MGEE	C	-0.96%
CRUS	D	-0.86%
SAFT	D	-0.86%
GPOR	C	-0.85%
UNH	C	-0.85%
INST	D	-0.83%
NSIT	C	-0.83%
CHE	C	-0.81%
LAUR	C	-0.79%
NABL	F	-0.78%
BLKB	C	-0.78%
CVX	F	-0.77%
CAH	C	-0.75%
WTM	F	-0.75%
HPQ	C	-0.72%
GOOG	D	-0.7%
OSIS	C	-0.7%
QCOM	D	-0.69%
YELP	D	-0.63%
MCS	B	-0.61%
INSW	C	-0.55%
MATX	B	-0.54%
PBH	C	-0.52%
ED	B	-0.51%
NEU	D	-0.49%
FLO	C	-0.47%
KO	B	-0.46%
FANG	F	-0.45%
HSY	D	-0.45%
AJG	D	-0.43%
TRV	C	-0.43%
THFF	D	-0.42%
K	A	-0.4%
WEC	B	-0.39%
MDLZ	C	-0.39%
RLI	B	-0.36%
NVEC	D	-0.35%
OLLI	C	-0.34%
AMSF	C	-0.34%
JBSS	F	-0.33%
RTX	B	-0.33%
CASS	D	-0.32%
BMY	C	-0.31%
ROL	C	-0.29%
LDOS	A	-0.29%
BRK.A	C	-0.29%
IMMR	D	-0.28%
MTSI	C	-0.26%
LOPE	D	-0.25%
KMI	C	-0.24%
EBF	C	-0.24%
EQC	D	-0.24%
EXEL	C	-0.23%
JJSF	B	-0.23%
OLED	D	-0.19%
SPOK	C	-0.19%
DECK	C	-0.19%
SPNS	D	-0.17%
QNST	C	-0.15%
PSX	F	-0.14%
DGICA	C	-0.12%
TNK	D	-0.12%
AMZN	C	-0.11%
CLBK	D	-0.1%
DJCO	C	-0.1%
DTM	C	-0.1%
CNXN	B	-0.08%
CB	B	-0.08%
GLRE	C	-0.06%
PEP	D	-0.06%
LANC	F	-0.06%
REYN	C	-0.06%
UNM	B	-0.06%
ATR	B	-0.05%
SFL	D	-0.05%
EIG	C	-0.04%
DTE	A	-0.04%
MU	D	-0.04%
NBIX	F	-0.04%
CNA	D	-0.04%
SPOT	C	-0.03%
CMS	B	-0.03%
MSI	B	-0.03%