FMAG vs. XRLV ETF Comparison

Comparison of Fidelity Magellan ETF (FMAG) to PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV)

FMAG

Fidelity Magellan ETF

FMAG Description

The investment seeks long-term growth of capital. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a Tracking Basket, which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The fund normally invests primarily in equity securities. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.56

Average Daily Volume

63,005

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.04

Average Daily Volume

803

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FMAG	XRLV
30 Days	2.27%	2.47%
60 Days	3.20%	4.00%
90 Days	5.20%	6.43%
12 Months	35.72%	23.64%

11 Overlapping Holdings

Symbol	Grade	Weight in FMAG	Weight in XRLV	Overlap
AJG	B	1.25%	0.95%	0.95%
AME	A	1.14%	1.11%	1.11%
COR	B	0.86%	0.98%	0.86%
CTAS	B	1.24%	1.0%	1.0%
HLT	A	1.29%	1.02%	1.02%
LIN	D	1.55%	1.04%	1.04%
MA	C	2.07%	1.19%	1.19%
MMC	B	1.3%	1.14%	1.14%
MSI	B	1.24%	1.13%	1.13%
V	A	2.06%	1.34%	1.34%
VRSK	A	1.09%	0.9%	0.9%

FMAG Overweight 46 Positions Relative to XRLV

Symbol	Grade	Weight
MSFT	F	7.8%
NVDA	C	7.21%
AMZN	C	4.55%
META	D	3.88%
GOOGL	C	3.11%
AVGO	D	3.01%
LLY	F	2.51%
UNH	C	2.31%
COST	B	1.87%
ORCL	B	1.8%
GE	D	1.61%
GOOG	C	1.6%
TMO	F	1.6%
SPGI	C	1.51%
INTU	C	1.44%
AMAT	F	1.43%
TDG	D	1.42%
KLAC	D	1.38%
DHR	F	1.37%
ANET	C	1.36%
TT	A	1.34%
SHW	A	1.34%
ETN	A	1.33%
MCO	B	1.33%
URI	B	1.3%
BSX	B	1.29%
LRCX	F	1.28%
HEI	B	1.26%
PWR	A	1.24%
HCA	F	1.22%
MAR	B	1.21%
WAB	B	1.19%
SNPS	B	1.19%
APH	A	1.18%
CDNS	B	1.17%
ORLY	B	1.17%
AZO	C	1.16%
IT	C	1.15%
ARES	A	1.15%
WSO	A	1.14%
CPRT	A	1.11%
MLM	B	1.09%
VMC	B	1.08%
WCN	A	1.03%
NVO	D	1.02%
IR	B	0.16%

FMAG Underweight 89 Positions Relative to XRLV

Symbol	Grade	Weight
TMUS	B	-1.45%
BRK.A	B	-1.43%
FI	A	-1.3%
KMI	A	-1.28%
AMP	A	-1.26%
L	A	-1.24%
WMB	A	-1.22%
RSG	A	-1.21%
WMT	A	-1.19%
HON	B	-1.18%
BK	A	-1.16%
OKE	A	-1.16%
PG	A	-1.13%
ITW	B	-1.13%
TJX	A	-1.13%
ATO	A	-1.12%
KO	D	-1.12%
JPM	A	-1.12%
ETR	B	-1.11%
CSCO	B	-1.11%
PM	B	-1.08%
IEX	B	-1.07%
ROP	B	-1.06%
CME	A	-1.06%
MCD	D	-1.06%
MET	A	-1.05%
CB	C	-1.04%
PRU	A	-1.04%
ADP	B	-1.04%
PKG	A	-1.04%
HIG	B	-1.03%
SRE	A	-1.03%
CL	D	-1.03%
JNJ	D	-1.01%
PPL	B	-1.0%
PEG	A	-0.99%
WELL	A	-0.99%
YUM	B	-0.99%
CHD	B	-0.99%
PFG	D	-0.99%
DRI	B	-0.98%
PAYX	C	-0.98%
WM	A	-0.98%
MO	A	-0.97%
NI	A	-0.97%
BRO	B	-0.97%
EA	A	-0.97%
CSX	B	-0.96%
AIG	B	-0.96%
DUK	C	-0.96%
AFL	B	-0.95%
UNP	C	-0.94%
BR	A	-0.94%
LNT	A	-0.94%
WEC	A	-0.93%
GD	F	-0.93%
SO	D	-0.93%
VRSN	F	-0.93%
ABT	B	-0.92%
DGX	A	-0.92%
AVB	B	-0.92%
AVY	D	-0.92%
CMS	C	-0.91%
MDT	D	-0.91%
LH	C	-0.91%
LMT	D	-0.9%
EVRG	A	-0.9%
PEP	F	-0.89%
OMC	C	-0.89%
KMB	D	-0.88%
MCK	B	-0.88%
ECL	D	-0.88%
FE	C	-0.87%
MDLZ	F	-0.87%
PPG	F	-0.87%
ED	D	-0.87%
STZ	D	-0.87%
JKHY	D	-0.86%
HOLX	D	-0.85%
SYY	B	-0.84%
CBOE	B	-0.83%
KDP	D	-0.81%
BDX	F	-0.8%
GIS	D	-0.78%
ABBV	D	-0.76%
LYB	F	-0.76%
DOW	F	-0.71%
REGN	F	-0.66%
ELV	F	-0.64%