FMDE vs. FELC ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to Fidelity Enhanced Large Cap Core ETF (FELC)

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.57

Average Daily Volume

149,918

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.40

Average Daily Volume

587,086

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	FELC
30 Days	6.40%	1.74%
60 Days	8.81%	4.85%
90 Days	10.43%	5.62%
12 Months	38.09%	33.14%

83 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in FELC	Overlap
A	D	0.27%	0.03%	0.03%
AES	F	0.12%	0.01%	0.01%
ALLE	C	0.58%	0.33%	0.33%
AMT	C	0.06%	0.24%	0.06%
ANF	F	0.45%	0.42%	0.42%
AXTA	B	0.47%	0.05%	0.05%
BBWI	C	0.04%	0.11%	0.04%
BIIB	F	0.04%	0.1%	0.04%
BK	A	0.99%	0.11%	0.11%
BLD	D	0.32%	0.11%	0.11%
BMY	B	0.26%	0.75%	0.26%
CACI	D	0.49%	0.4%	0.4%
CAH	B	0.74%	0.31%	0.31%
CCL	A	0.65%	0.26%	0.26%
CI	D	0.06%	0.63%	0.06%
CL	D	0.42%	0.47%	0.42%
CLX	A	0.65%	0.11%	0.11%
CRUS	D	0.44%	0.03%	0.03%
CTAS	B	0.52%	0.69%	0.52%
CVNA	B	0.75%	0.55%	0.55%
DASH	B	0.16%	0.18%	0.16%
DBX	B	0.56%	0.52%	0.52%
DHI	F	0.37%	0.06%	0.06%
DOCU	B	0.65%	0.02%	0.02%
DVN	F	0.31%	0.53%	0.31%
ECL	D	0.49%	0.63%	0.49%
ED	C	0.02%	0.15%	0.02%
EXEL	B	0.52%	0.45%	0.45%
FR	D	0.06%	0.08%	0.06%
GAP	C	0.49%	0.22%	0.22%
GEHC	D	0.11%	0.04%	0.04%
GILD	C	0.51%	0.74%	0.51%
GL	C	0.54%	0.21%	0.21%
GPN	B	0.2%	0.02%	0.02%
GRMN	B	0.52%	0.22%	0.22%
HWM	A	0.89%	0.1%	0.1%
IDXX	F	0.61%	0.22%	0.22%
IGT	F	0.38%	0.46%	0.38%
INCY	C	0.6%	0.28%	0.28%
KLAC	F	0.36%	0.63%	0.36%
KR	B	0.73%	0.03%	0.03%
LDOS	C	0.6%	0.24%	0.24%
LHX	C	0.24%	0.21%	0.21%
LNW	F	0.44%	0.11%	0.11%
LPLA	A	0.09%	0.03%	0.03%
LYFT	C	0.57%	0.21%	0.21%
MEDP	D	0.45%	0.21%	0.21%
MGM	D	0.28%	0.3%	0.28%
MKL	A	0.16%	0.08%	0.08%
MSCI	C	0.84%	0.33%	0.33%
MSI	B	0.5%	0.5%	0.5%
NBIX	C	0.44%	0.11%	0.11%
NOC	D	0.18%	0.6%	0.18%
NRG	B	0.65%	0.11%	0.11%
NSC	B	0.06%	0.38%	0.06%
NUE	C	0.6%	0.2%	0.2%
PCAR	B	0.38%	0.52%	0.38%
PEGA	B	0.45%	0.1%	0.1%
PLTK	B	0.25%	0.04%	0.04%
PPG	F	0.66%	0.3%	0.3%
PSA	C	0.46%	0.09%	0.09%
PYPL	B	0.54%	0.34%	0.34%
QRVO	F	0.5%	0.12%	0.12%
ROST	D	0.71%	0.04%	0.04%
SEIC	B	0.24%	0.3%	0.24%
SOLV	D	0.39%	0.09%	0.09%
SPG	A	0.96%	0.59%	0.59%
SQ	A	0.97%	0.58%	0.58%
SSNC	B	0.59%	0.38%	0.38%
STLD	B	0.47%	0.06%	0.06%
SWKS	F	0.45%	0.03%	0.03%
TDC	D	0.48%	0.37%	0.37%
TT	A	0.48%	0.52%	0.48%
TWLO	A	0.67%	0.13%	0.13%
TXT	D	0.59%	0.52%	0.52%
UNM	A	0.52%	0.12%	0.12%
VEEV	C	0.71%	0.08%	0.08%
VST	A	0.94%	0.12%	0.12%
WBD	B	0.08%	0.01%	0.01%
WDAY	B	0.06%	0.16%	0.06%
WTW	B	0.72%	0.14%	0.14%
ZBRA	B	0.25%	0.06%	0.06%
ZM	C	0.67%	0.51%	0.51%

FMDE Overweight 209 Positions Relative to FELC

Symbol	Grade	Weight
WMB	A	1.12%
CMI	A	0.94%
PRU	A	0.85%
UAL	A	0.79%
RJF	A	0.78%
EXPE	B	0.73%
STT	B	0.72%
RBLX	C	0.72%
TOST	B	0.69%
AXON	A	0.67%
CSGP	D	0.66%
NVR	D	0.65%
KEY	B	0.65%
NTAP	C	0.64%
VICI	C	0.63%
AIZ	A	0.63%
FIS	C	0.63%
TOL	B	0.62%
EQH	C	0.62%
EIX	B	0.61%
HUBS	A	0.61%
HPE	B	0.61%
AMP	A	0.6%
CCI	C	0.6%
CW	C	0.59%
HUBB	B	0.59%
LNG	A	0.59%
EA	A	0.58%
DD	C	0.58%
CNC	D	0.57%
ALL	A	0.57%
DKNG	B	0.56%
TRGP	A	0.56%
FTV	C	0.54%
FFIV	B	0.54%
MANH	D	0.54%
CNP	A	0.52%
DCI	B	0.52%
COR	B	0.51%
TPR	B	0.51%
MPWR	F	0.51%
AMH	C	0.49%
CCK	D	0.48%
BURL	B	0.48%
BWXT	B	0.47%
BERY	C	0.46%
BRX	A	0.45%
NYT	D	0.45%
HLT	A	0.45%
NDAQ	A	0.44%
SNX	D	0.44%
WAB	B	0.43%
PLTR	B	0.43%
VMC	B	0.42%
GWW	B	0.42%
EVRG	A	0.41%
NVT	B	0.41%
HIG	B	0.4%
AME	A	0.4%
AM	A	0.39%
CPNG	D	0.39%
FIX	A	0.38%
EEFT	B	0.38%
ALSN	B	0.37%
VMI	B	0.37%
PCG	A	0.36%
SYF	B	0.36%
HXL	F	0.35%
UTHR	C	0.35%
LPX	B	0.35%
ZION	B	0.34%
RNG	C	0.34%
SEE	C	0.34%
DUOL	A	0.33%
IQV	F	0.33%
GIS	D	0.33%
NTNX	B	0.33%
WCC	B	0.33%
WU	F	0.33%
UHS	D	0.32%
EBAY	D	0.32%
Z	A	0.32%
EME	A	0.31%
COIN	C	0.31%
CPAY	A	0.31%
AYI	B	0.31%
RS	B	0.3%
APP	B	0.3%
LEN	D	0.29%
GDDY	A	0.29%
EQR	C	0.29%
RGA	A	0.28%
XEL	A	0.28%
MTDR	B	0.28%
GLPI	C	0.27%
IFF	D	0.27%
BAH	F	0.27%
CBOE	C	0.27%
DXCM	C	0.27%
ELAN	D	0.27%
FANG	C	0.26%
ZG	A	0.26%
BILL	A	0.25%
BRO	B	0.25%
CDW	F	0.25%
INGR	C	0.24%
CFG	B	0.23%
OC	A	0.23%
GTES	A	0.23%
TW	A	0.22%
HRB	D	0.22%
MTB	A	0.22%
HES	B	0.22%
SBAC	D	0.22%
KMB	C	0.22%
FLS	B	0.21%
DFS	B	0.21%
PCTY	C	0.21%
HII	F	0.21%
ADTN	A	0.2%
DKS	D	0.2%
BLDR	D	0.2%
MKTX	D	0.19%
RCL	A	0.18%
NWSA	A	0.18%
ACM	B	0.17%
WWD	C	0.16%
USFD	A	0.16%
SAM	C	0.15%
DOC	C	0.15%
KD	B	0.15%
GXO	B	0.14%
TPL	A	0.14%
KMI	A	0.14%
CINF	A	0.13%
ATI	C	0.13%
ANSS	B	0.13%
REG	A	0.13%
FTI	A	0.12%
CHDN	B	0.12%
ITT	A	0.12%
WSM	C	0.11%
CBSH	B	0.11%
MORN	B	0.11%
IBKR	A	0.11%
NWS	A	0.11%
EXC	C	0.11%
SYY	D	0.11%
ROP	B	0.1%
CTRE	C	0.1%
LUV	C	0.1%
AWK	C	0.1%
VLTO	C	0.1%
CTRA	B	0.1%
AXS	A	0.09%
ACGL	C	0.09%
ES	C	0.09%
LEG	F	0.08%
XRAY	F	0.08%
MCHP	F	0.08%
VSTS	C	0.07%
JHG	B	0.07%
CWEN	C	0.07%
ADM	D	0.07%
MSA	F	0.07%
DTE	C	0.06%
EG	C	0.06%
VIRT	A	0.06%
TNL	A	0.06%
HUM	C	0.06%
L	A	0.06%
CSL	C	0.05%
WEN	D	0.05%
EGP	D	0.05%
PHM	D	0.05%
TXG	F	0.05%
DAL	B	0.05%
NTRA	A	0.05%
OGE	A	0.04%
DGX	A	0.04%
CWEN	C	0.04%
ULTA	F	0.04%
U	C	0.04%
K	A	0.04%
CF	A	0.03%
BBY	D	0.03%
EPR	C	0.03%
REYN	D	0.03%
AKAM	D	0.03%
TXRH	B	0.03%
BMRN	F	0.03%
CNM	D	0.03%
SF	B	0.03%
CBRE	B	0.03%
JAZZ	B	0.02%
QGEN	D	0.02%
POST	C	0.02%
AFL	B	0.02%
AJG	A	0.02%
OVV	B	0.02%
HAL	C	0.02%
MRO	B	0.02%
LSCC	D	0.01%
STAG	D	0.01%
OKE	A	0.01%
HPQ	B	0.01%
SWK	D	0.01%
HOOD	B	0.01%
ARW	D	0.01%

FMDE Underweight 87 Positions Relative to FELC

Symbol	Grade	Weight
NVDA	B	-7.39%
AAPL	C	-7.38%
MSFT	D	-5.68%
AMZN	C	-3.93%
META	D	-2.89%
BRK.A	B	-2.25%
GOOGL	C	-2.05%
JPM	A	-1.94%
GOOG	C	-1.9%
AVGO	D	-1.72%
XOM	B	-1.56%
MA	B	-1.36%
TSLA	B	-1.31%
NFLX	A	-1.3%
HD	B	-1.29%
BAC	A	-1.2%
CRM	B	-1.15%
WMT	A	-1.14%
ABBV	F	-1.02%
MRK	D	-0.99%
PM	B	-0.94%
ADBE	C	-0.94%
QCOM	F	-0.88%
CMCSA	B	-0.86%
NEE	C	-0.84%
V	A	-0.82%
SCHW	B	-0.8%
UNP	C	-0.76%
LLY	F	-0.76%
JNJ	C	-0.74%
PGR	A	-0.74%
T	A	-0.73%
PG	C	-0.72%
LMT	D	-0.71%
RTX	D	-0.7%
AMAT	F	-0.68%
MU	D	-0.66%
CSCO	B	-0.66%
DIS	B	-0.65%
BDX	F	-0.62%
TJX	A	-0.59%
UNH	B	-0.57%
CAT	B	-0.57%
ABT	B	-0.56%
NOW	A	-0.55%
EOG	A	-0.54%
CSX	C	-0.54%
CME	B	-0.5%
LRCX	F	-0.44%
TRV	B	-0.43%
PFE	F	-0.42%
GE	D	-0.39%
AON	A	-0.35%
CMG	B	-0.35%
TMO	F	-0.33%
AMGN	F	-0.33%
WM	B	-0.32%
SPGI	C	-0.31%
MS	A	-0.31%
TMUS	B	-0.31%
COST	A	-0.31%
AXP	A	-0.31%
TROW	B	-0.31%
MMC	B	-0.29%
CVS	D	-0.25%
RSG	A	-0.24%
SKYW	C	-0.23%
ADP	A	-0.2%
ALRM	C	-0.2%
OXY	D	-0.19%
FTNT	C	-0.15%
GS	A	-0.15%
UBER	F	-0.14%
MMM	D	-0.13%
BKNG	A	-0.13%
PNC	B	-0.12%
ANET	C	-0.11%
F	C	-0.11%
WFC	A	-0.1%
MCK	A	-0.06%
VZ	C	-0.06%
ORCL	A	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
SYK	B	-0.03%
C	A	-0.02%
CVX	A	-0.01%