FMDE vs. FQAL ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to Fidelity Quality Factor ETF (FQAL)

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

$33.82

Average Daily Volume

144,680

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$65.72

Average Daily Volume

29,543

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	FQAL
30 Days	2.82%	-0.56%
60 Days	7.64%	3.43%
90 Days	11.21%	5.03%
12 Months		28.94%

35 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in FQAL	Overlap
ACGL	C	0.09%	0.68%	0.09%
AM	A	0.38%	0.18%	0.18%
AME	A	0.25%	0.5%	0.25%
AMP	A	0.58%	0.88%	0.58%
AMT	D	0.05%	0.27%	0.05%
BMY	B	0.27%	0.97%	0.27%
CBSH	A	0.11%	0.66%	0.11%
CF	A	0.02%	0.17%	0.02%
CL	D	0.4%	0.34%	0.34%
CPAY	A	0.31%	0.77%	0.31%
CTAS	B	0.53%	0.54%	0.53%
ECL	D	0.45%	0.24%	0.24%
EQR	C	0.28%	0.16%	0.16%
GILD	B	0.54%	1.09%	0.54%
GLPI	D	0.26%	0.14%	0.14%
GRMN	B	0.52%	0.85%	0.52%
GWW	A	0.42%	0.54%	0.42%
IDXX	F	0.56%	0.68%	0.56%
KLAC	F	0.37%	0.69%	0.37%
KMB	C	0.21%	0.3%	0.21%
LNG	A	0.58%	0.26%	0.26%
MEDP	D	0.51%	0.64%	0.51%
MSCI	A	0.84%	0.71%	0.71%
NRG	B	0.63%	0.27%	0.27%
NUE	D	0.61%	0.2%	0.2%
PSA	C	0.44%	0.22%	0.22%
RS	B	0.3%	0.17%	0.17%
SBAC	D	0.22%	0.16%	0.16%
SPG	A	0.92%	0.24%	0.24%
TPL	A	0.14%	0.3%	0.14%
VEEV	C	0.77%	0.86%	0.77%
VICI	C	0.6%	0.17%	0.17%
VST	A	0.89%	0.4%	0.4%
WMB	A	1.08%	0.33%	0.33%
WSM	F	0.1%	0.63%	0.1%

FMDE Overweight 249 Positions Relative to FQAL

Symbol	Grade	Weight
SQ	A	0.96%
BK	A	0.96%
CMI	A	0.89%
HWM	A	0.88%
PRU	A	0.82%
TOST	A	0.77%
LDOS	C	0.76%
RJF	A	0.76%
RBLX	B	0.76%
UAL	A	0.76%
ROST	D	0.76%
ZM	B	0.75%
CVNA	A	0.75%
KR	B	0.74%
CAH	B	0.74%
EXPE	A	0.73%
LYFT	B	0.72%
WTW	B	0.72%
EA	A	0.71%
STT	A	0.7%
DOCU	A	0.7%
CSGP	F	0.67%
NVR	D	0.66%
HPE	B	0.66%
AXON	A	0.65%
TWLO	A	0.65%
KEY	A	0.64%
PPG	F	0.64%
CCL	A	0.64%
HUBS	A	0.63%
CW	B	0.63%
EQH	B	0.63%
NTAP	D	0.63%
CLX	A	0.62%
INCY	B	0.62%
TOL	B	0.61%
FIS	B	0.61%
APP	A	0.6%
TXT	D	0.6%
CACI	C	0.6%
EIX	C	0.59%
HUBB	B	0.59%
SSNC	D	0.59%
AIZ	A	0.59%
ALLE	D	0.58%
DBX	C	0.58%
CCI	D	0.58%
DHI	D	0.58%
COR	B	0.58%
DD	D	0.57%
MANH	D	0.56%
CNC	F	0.56%
ALL	A	0.56%
MPWR	F	0.55%
TRGP	A	0.54%
PYPL	A	0.54%
FFIV	B	0.54%
DKNG	B	0.54%
EXEL	B	0.53%
FTV	D	0.53%
GL	B	0.53%
PEGA	B	0.52%
DCI	B	0.52%
UNM	A	0.51%
CNP	A	0.5%
SYF	A	0.5%
MSI	A	0.5%
CCK	D	0.49%
GAP	C	0.49%
ALSN	B	0.48%
LNW	D	0.48%
AMH	C	0.48%
BWXT	A	0.47%
STLD	B	0.47%
NBIX	D	0.47%
TT	A	0.47%
TDC	F	0.47%
BERY	D	0.46%
SWKS	F	0.46%
BURL	C	0.46%
NYT	D	0.46%
CRUS	F	0.45%
UHS	D	0.45%
TPR	A	0.45%
AXTA	A	0.45%
SNX	D	0.44%
HLT	A	0.44%
VMC	B	0.43%
NDAQ	A	0.43%
BRX	A	0.43%
WAB	B	0.43%
ANF	C	0.43%
NVT	B	0.42%
IGT	F	0.41%
EVRG	A	0.4%
SOLV	C	0.4%
CPNG	C	0.39%
UTHR	B	0.39%
HIG	C	0.39%
PCAR	B	0.39%
PLTR	A	0.38%
EEFT	C	0.38%
FIX	A	0.38%
VMI	B	0.37%
QRVO	F	0.36%
PCG	A	0.36%
IQV	F	0.36%
RNG	B	0.35%
HXL	F	0.35%
LPX	A	0.34%
BAH	D	0.34%
BRO	B	0.34%
SEE	B	0.34%
NTNX	A	0.34%
EBAY	D	0.33%
Z	A	0.33%
GIS	D	0.33%
ZION	A	0.33%
AYI	A	0.32%
WU	F	0.32%
WCC	A	0.32%
BLD	F	0.32%
EME	B	0.31%
DVN	F	0.3%
GDDY	A	0.29%
PLTK	A	0.29%
A	D	0.28%
LEN	D	0.28%
ELAN	C	0.28%
RGA	A	0.27%
IFF	D	0.27%
MTDR	C	0.27%
XEL	A	0.27%
ZBRA	B	0.26%
CBOE	D	0.26%
BILL	A	0.26%
ZG	A	0.26%
LHX	B	0.25%
FANG	D	0.25%
INGR	B	0.25%
PCTY	B	0.23%
GTES	B	0.23%
SEIC	A	0.23%
MTB	A	0.22%
HII	F	0.22%
OC	A	0.22%
CFG	A	0.22%
FLS	A	0.21%
HES	B	0.21%
TW	B	0.21%
DFS	A	0.21%
HRB	D	0.21%
NOC	D	0.2%
CDW	F	0.2%
DXCM	C	0.19%
DKS	D	0.19%
ADTN	A	0.19%
GPN	B	0.19%
MKTX	C	0.19%
BLDR	D	0.19%
ACM	B	0.18%
RCL	A	0.18%
NWSA	B	0.18%
DASH	B	0.16%
USFD	B	0.16%
WWD	B	0.16%
SAM	B	0.15%
KD	A	0.15%
KMI	A	0.14%
REG	A	0.13%
ANSS	B	0.13%
ATI	D	0.13%
DUOL	B	0.13%
MORN	B	0.12%
ITT	A	0.12%
FTI	A	0.12%
CHDN	C	0.12%
AES	F	0.12%
CINF	A	0.12%
IBKR	A	0.11%
EXC	C	0.11%
COIN	A	0.11%
GEHC	D	0.11%
NWS	A	0.11%
SYY	D	0.11%
LUV	A	0.1%
CTRA	A	0.1%
ROP	C	0.1%
VLTO	D	0.1%
LPLA	A	0.09%
AWK	C	0.09%
WBD	B	0.08%
LEG	F	0.08%
MGM	D	0.08%
MCHP	F	0.08%
AXS	A	0.08%
ES	C	0.08%
ADM	D	0.07%
JHG	A	0.07%
KEX	A	0.07%
VSTS	F	0.07%
MSA	D	0.07%
DGX	A	0.06%
FR	D	0.06%
CI	D	0.06%
VIRT	A	0.06%
WDAY	B	0.06%
TNL	A	0.06%
L	A	0.06%
TXRH	A	0.06%
TXG	F	0.06%
CWEN	D	0.06%
CSL	B	0.05%
AFG	A	0.05%
NTRA	B	0.05%
WEN	C	0.05%
EGP	D	0.05%
PHM	D	0.05%
DAL	A	0.05%
DTE	C	0.05%
OGE	A	0.04%
CWEN	D	0.04%
BIIB	F	0.04%
ULTA	D	0.04%
K	B	0.04%
BBY	C	0.03%
EPR	D	0.03%
DOC	D	0.03%
REYN	D	0.03%
CNM	F	0.03%
AKAM	F	0.03%
SF	A	0.03%
CBRE	B	0.03%
BMRN	F	0.03%
QGEN	D	0.02%
JAZZ	A	0.02%
AFL	C	0.02%
POST	D	0.02%
OVV	C	0.02%
AJG	A	0.02%
ED	D	0.02%
MRO	A	0.02%
HAL	C	0.02%
STAG	D	0.01%
LSCC	D	0.01%
HPQ	B	0.01%
HOOD	A	0.01%
SWK	F	0.01%
ARW	D	0.01%

FMDE Underweight 89 Positions Relative to FQAL

Symbol	Grade	Weight
NVDA	B	-7.41%
AAPL	C	-6.53%
MSFT	D	-6.31%
GOOGL	B	-3.77%
META	C	-2.62%
AVGO	C	-2.17%
LLY	F	-1.8%
V	A	-1.56%
MA	A	-1.44%
HD	A	-1.43%
ABBV	F	-1.35%
JNJ	D	-1.34%
BKNG	A	-1.16%
XOM	B	-1.15%
MCD	D	-1.09%
ACN	C	-1.05%
LOW	A	-0.99%
COST	B	-0.99%
BX	A	-0.99%
PGR	B	-0.98%
QCOM	F	-0.96%
ADBE	F	-0.94%
PANW	B	-0.94%
PG	C	-0.92%
VRTX	C	-0.91%
NFLX	A	-0.91%
FICO	A	-0.9%
SPGI	C	-0.89%
AMAT	F	-0.87%
CME	A	-0.82%
ORLY	A	-0.82%
ABNB	C	-0.82%
CAT	B	-0.8%
ZTS	D	-0.79%
JXN	B	-0.79%
CFR	A	-0.75%
EWBC	A	-0.75%
AZO	C	-0.74%
LRCX	F	-0.74%
YUM	D	-0.73%
MCO	C	-0.73%
DPZ	C	-0.7%
MTD	F	-0.68%
QLYS	C	-0.66%
KO	D	-0.66%
CVX	A	-0.65%
ADP	B	-0.64%
UNP	D	-0.62%
KNSL	C	-0.61%
PM	A	-0.59%
LMT	D	-0.57%
VZ	C	-0.54%
T	A	-0.54%
ITW	B	-0.53%
LIN	D	-0.53%
FAST	B	-0.52%
TDG	D	-0.5%
MMM	D	-0.5%
CSX	B	-0.49%
PAYX	B	-0.49%
ODFL	B	-0.46%
CPRT	A	-0.46%
NEE	C	-0.45%
VRSK	B	-0.45%
OTIS	D	-0.45%
TTD	B	-0.45%
MO	A	-0.41%
COP	C	-0.4%
MDLZ	F	-0.38%
CEG	D	-0.38%
SO	C	-0.35%
MNST	D	-0.32%
SHW	B	-0.3%
EOG	A	-0.29%
PLD	D	-0.29%
FCX	F	-0.26%
HSY	F	-0.25%
WEC	A	-0.25%
MLM	B	-0.2%
O	D	-0.2%
NFG	A	-0.19%
WHD	B	-0.18%
UGI	C	-0.18%
EXR	C	-0.18%
AVB	A	-0.18%
EXP	B	-0.17%
AVY	D	-0.15%
RGLD	C	-0.15%
ESS	A	-0.15%