FOVL vs. FRNW ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to Fidelity Clean Energy ETF (FRNW)

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$74.62

Average Daily Volume

2,250

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FRNW

Fidelity Clean Energy ETF

FRNW Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Clean Energy Index. Normally investing at least 80% of assets in securities included in the Fidelity Clean Energy Index and in depositary receipts representing securities included in the index. The Fidelity Clean Energy Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that distribute, produce or provide technology or equipment to support the production of energy from solar, wind, hydrogen and other renewable sources

Grade (RS Rating)

Last Trade

$14.04

Average Daily Volume

8,071

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	FRNW
30 Days	5.56%	-4.63%
60 Days	9.08%	-9.73%
90 Days	12.44%	-7.76%
12 Months	44.84%	-5.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in FOVL	Weight in FRNW	Overlap
	CWEN	C	2.08%	2.08%	2.08%

FOVL Overweight 39 Positions Relative to FRNW

Symbol	Grade	Weight
FHN	A	3.03%
DFS	B	3.0%
MTB	A	2.84%
FHB	B	2.82%
FNB	A	2.81%
NTRS	A	2.81%
CMA	B	2.77%
JHG	B	2.77%
BAC	A	2.74%
ALK	B	2.7%
PNC	B	2.7%
ETR	B	2.69%
RF	A	2.66%
WTM	A	2.65%
OZK	B	2.65%
USB	A	2.63%
FITB	B	2.61%
HPE	B	2.52%
CMCSA	B	2.5%
OGE	A	2.5%
VOYA	B	2.49%
AXS	A	2.49%
PNW	A	2.43%
EVRG	A	2.43%
PFG	D	2.4%
PRGO	C	2.38%
AVT	C	2.36%
MET	A	2.36%
D	C	2.34%
CNA	C	2.34%
MTG	C	2.31%
RNR	C	2.29%
UGI	C	2.25%
RPRX	D	2.18%
BG	D	2.14%
VZ	C	2.13%
ADM	D	2.04%
CRI	F	1.91%
CNXC	F	1.88%

FOVL Underweight 18 Positions Relative to FRNW

Symbol	Grade	Weight
GEV	B	-8.36%
FSLR	F	-3.95%
ITRI	C	-3.28%
ORA	B	-2.79%
BE	B	-2.69%
ENPH	F	-2.19%
PLUG	F	-2.05%
AY	A	-1.89%
JKS	F	-1.8%
ARRY	F	-1.64%
SHLS	F	-1.45%
RUN	F	-1.42%
AMRC	F	-1.37%
CSIQ	F	-1.36%
RNW	D	-1.15%
SEDG	F	-1.02%
RENB	F	-0.85%
NOVA	F	-0.53%