FMDE vs. FHEQ ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to Fidelity Hedged Equity ETF (FHEQ)

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

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.79

Average Daily Volume

24,615

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	FHEQ
30 Days	6.40%	1.30%
60 Days	8.81%	3.66%
90 Days	10.43%	4.24%
12 Months	38.09%

81 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in FHEQ	Overlap
ALL	A	0.57%	0.07%	0.07%
ALLE	C	0.58%	0.44%	0.44%
AME	A	0.4%	0.22%	0.22%
AMT	C	0.06%	0.24%	0.06%
ANF	F	0.45%	0.33%	0.33%
BAH	F	0.27%	0.09%	0.09%
BBWI	C	0.04%	0.11%	0.04%
BIIB	F	0.04%	0.21%	0.04%
BK	A	0.99%	0.36%	0.36%
BLD	D	0.32%	0.05%	0.05%
BMY	B	0.26%	0.68%	0.26%
CACI	D	0.49%	0.3%	0.3%
CAH	B	0.74%	0.4%	0.4%
CI	D	0.06%	0.63%	0.06%
CINF	A	0.13%	0.12%	0.12%
CL	D	0.42%	0.58%	0.42%
CLX	A	0.65%	0.2%	0.2%
CRUS	D	0.44%	0.06%	0.06%
CTAS	B	0.52%	0.66%	0.52%
CVNA	B	0.75%	0.52%	0.52%
DASH	B	0.16%	0.12%	0.12%
DBX	B	0.56%	0.51%	0.51%
DOC	C	0.15%	0.08%	0.08%
DOCU	B	0.65%	0.18%	0.18%
DVN	F	0.31%	0.53%	0.31%
ECL	D	0.49%	0.62%	0.49%
EXEL	B	0.52%	0.43%	0.43%
FTI	A	0.12%	0.17%	0.12%
GAP	C	0.49%	0.18%	0.18%
GEHC	D	0.11%	0.17%	0.11%
GILD	C	0.51%	0.73%	0.51%
GL	C	0.54%	0.2%	0.2%
GRMN	B	0.52%	0.31%	0.31%
HLT	A	0.45%	0.18%	0.18%
HWM	A	0.89%	0.27%	0.27%
IDXX	F	0.61%	0.26%	0.26%
IGT	F	0.38%	0.45%	0.38%
INCY	C	0.6%	0.27%	0.27%
KLAC	F	0.36%	0.54%	0.36%
KR	B	0.73%	0.11%	0.11%
L	A	0.06%	0.07%	0.06%
LDOS	C	0.6%	0.32%	0.32%
LHX	C	0.24%	0.23%	0.23%
LNW	F	0.44%	0.17%	0.17%
LPLA	A	0.09%	0.03%	0.03%
LYFT	C	0.57%	0.06%	0.06%
MEDP	D	0.45%	0.31%	0.31%
MGM	D	0.28%	0.22%	0.22%
MKL	A	0.16%	0.09%	0.09%
MSCI	C	0.84%	0.49%	0.49%
MSI	B	0.5%	0.26%	0.26%
NBIX	C	0.44%	0.11%	0.11%
NOC	D	0.18%	0.56%	0.18%
NSC	B	0.06%	0.26%	0.06%
NUE	C	0.6%	0.32%	0.32%
OGE	A	0.04%	0.01%	0.01%
PCAR	B	0.38%	0.42%	0.38%
PEGA	B	0.45%	0.16%	0.16%
PLTK	B	0.25%	0.1%	0.1%
PPG	F	0.66%	0.34%	0.34%
PSA	C	0.46%	0.19%	0.19%
PYPL	B	0.54%	0.54%	0.54%
QGEN	D	0.02%	0.04%	0.02%
QRVO	F	0.5%	0.11%	0.11%
ROST	D	0.71%	0.1%	0.1%
SEIC	B	0.24%	0.54%	0.24%
SOLV	D	0.39%	0.12%	0.12%
SPG	A	0.96%	0.16%	0.16%
SQ	A	0.97%	0.59%	0.59%
TDC	D	0.48%	0.35%	0.35%
TT	A	0.48%	0.69%	0.48%
TWLO	A	0.67%	0.02%	0.02%
TXT	D	0.59%	0.51%	0.51%
UNM	A	0.52%	0.01%	0.01%
UTHR	C	0.35%	0.05%	0.05%
VEEV	C	0.71%	0.12%	0.12%
VST	A	0.94%	0.11%	0.11%
WDAY	B	0.06%	0.16%	0.06%
XEL	A	0.28%	0.21%	0.21%
ZBRA	B	0.25%	0.47%	0.25%
ZM	C	0.67%	0.52%	0.52%

FMDE Overweight 211 Positions Relative to FHEQ

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%
WTW	B	0.72%
TOST	B	0.69%
AXON	A	0.67%
CSGP	D	0.66%
NRG	B	0.65%
NVR	D	0.65%
KEY	B	0.65%
CCL	A	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%
SSNC	B	0.59%
EA	A	0.58%
DD	C	0.58%
CNC	D	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%
AXTA	B	0.47%
STLD	B	0.47%
BWXT	B	0.47%
BERY	C	0.46%
BRX	A	0.45%
NYT	D	0.45%
SWKS	F	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%
AM	A	0.39%
CPNG	D	0.39%
FIX	A	0.38%
EEFT	B	0.38%
ALSN	B	0.37%
DHI	F	0.37%
VMI	B	0.37%
PCG	A	0.36%
SYF	B	0.36%
HXL	F	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%
MTDR	B	0.28%
GLPI	C	0.27%
IFF	D	0.27%
CBOE	C	0.27%
DXCM	C	0.27%
A	D	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%
GPN	B	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%
KD	B	0.15%
GXO	B	0.14%
TPL	A	0.14%
KMI	A	0.14%
ATI	C	0.13%
ANSS	B	0.13%
REG	A	0.13%
CHDN	B	0.12%
ITT	A	0.12%
AES	F	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%
WBD	B	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%
FR	D	0.06%
EG	C	0.06%
VIRT	A	0.06%
TNL	A	0.06%
HUM	C	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%
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%
POST	C	0.02%
AFL	B	0.02%
AJG	A	0.02%
OVV	B	0.02%
ED	C	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 FHEQ

Symbol	Grade	Weight
AAPL	C	-7.31%
NVDA	B	-7.27%
MSFT	D	-5.64%
AMZN	C	-3.64%
META	D	-2.87%
BRK.A	B	-2.19%
GOOGL	C	-2.02%
JPM	A	-1.82%
GOOG	C	-1.74%
XOM	B	-1.54%
AVGO	D	-1.49%
MA	B	-1.34%
HD	B	-1.32%
TSLA	B	-1.26%
NFLX	A	-1.26%
BAC	A	-1.17%
CRM	B	-1.09%
ABBV	F	-1.0%
ADBE	C	-0.93%
PM	B	-0.92%
PG	C	-0.87%
QCOM	F	-0.84%
CMCSA	B	-0.83%
WMT	A	-0.8%
CSCO	B	-0.79%
LLY	F	-0.76%
NEE	C	-0.73%
UNP	C	-0.73%
TJX	A	-0.73%
AMAT	F	-0.7%
MRK	D	-0.69%
LMT	D	-0.69%
T	A	-0.67%
PGR	A	-0.63%
JNJ	C	-0.61%
BDX	F	-0.59%
UNH	B	-0.57%
DIS	B	-0.57%
SCHW	B	-0.56%
PFE	F	-0.56%
C	A	-0.54%
MMC	B	-0.52%
CMG	B	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
V	A	-0.47%
GE	D	-0.45%
COST	A	-0.45%
RTX	D	-0.44%
EOG	A	-0.43%
CSX	C	-0.43%
AXP	A	-0.43%
ALRM	C	-0.4%
WM	B	-0.38%
CME	B	-0.37%
NOW	A	-0.34%
TMUS	B	-0.29%
SKYW	C	-0.29%
SPGI	C	-0.28%
TMO	F	-0.26%
FTNT	C	-0.24%
AMGN	F	-0.24%
BLK	B	-0.23%
TROW	B	-0.23%
LRCX	F	-0.23%
CVS	D	-0.22%
MMM	D	-0.22%
RSG	A	-0.2%
VZ	C	-0.18%
ADP	A	-0.16%
MS	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	F	-0.14%
GEN	B	-0.13%
ANET	C	-0.08%
BCC	B	-0.07%
MDLZ	F	-0.07%
TENB	C	-0.06%
ORCL	A	-0.04%
SCCO	F	-0.04%
CVX	A	-0.02%
MHO	D	-0.02%
NWL	C	-0.01%