FQAL vs. ADME ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Aptus Drawdown Managed Equity ETF (ADME)

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

$64.20

Average Daily Volume

46,267

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

ADME

Aptus Drawdown Managed Equity ETF

ADME Description

The investment seeks capital appreciation with downside protection. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its objective principally by investing in a portfolio of typically 40 to 50 U.S.-listed equity securities, while limiting downside risk by purchasing exchange-listed put options on one or more broad-based indexes or ETFs that track the performance of the U.S. equity market. Under normal circumstances, at least 80% of the fund's net assets (plus borrowings for investment purposes) will be invested in equity securities.

Grade (RS Rating)

Last Trade

$45.84

Average Daily Volume

20,157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	ADME
30 Days	1.42%	1.08%
60 Days	3.09%	2.68%
90 Days	4.74%	5.03%
12 Months	30.72%	29.34%

35 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in ADME	Overlap
AAPL	C	6.81%	6.8%	6.8%
ABBV	C	1.39%	0.77%	0.77%
ACN	C	1.08%	1.14%	1.08%
ADBE	F	1.17%	0.52%	0.52%
ADP	B	0.62%	0.31%	0.31%
AMAT	D	0.87%	1.5%	0.87%
AVGO	C	2.07%	2.28%	2.07%
CAT	B	0.7%	1.61%	0.7%
COST	B	1.06%	1.05%	1.05%
CSX	D	0.49%	1.0%	0.49%
CTAS	C	0.54%	0.95%	0.54%
EOG	D	0.29%	0.55%	0.29%
FCX	D	0.24%	0.36%	0.24%
JNJ	C	1.5%	1.14%	1.14%
LIN	B	0.57%	1.41%	0.57%
LLY	C	2.24%	1.57%	1.57%
LMT	B	0.62%	1.77%	0.62%
LOW	A	0.99%	1.21%	0.99%
MCD	B	1.15%	1.03%	1.03%
MDLZ	C	0.46%	0.79%	0.46%
META	A	2.47%	2.45%	2.45%
MO	C	0.43%	0.6%	0.43%
MSFT	C	6.74%	6.77%	6.74%
NEE	C	0.53%	0.79%	0.53%
NFLX	B	0.84%	1.07%	0.84%
NVDA	D	6.31%	6.45%	6.31%
PG	C	1.04%	1.3%	1.04%
PGR	A	1.02%	1.7%	1.02%
PLD	C	0.36%	1.0%	0.36%
PSA	B	0.26%	0.54%	0.26%
SHW	B	0.31%	0.45%	0.31%
SO	A	0.38%	1.06%	0.38%
V	C	1.54%	1.74%	1.54%
VRTX	D	0.92%	0.5%	0.5%
XOM	D	1.12%	1.75%	1.12%

FQAL Overweight 89 Positions Relative to ADME

Symbol	Grade	Weight
GOOGL	D	3.44%
MA	B	1.45%
HD	A	1.43%
SPGI	A	0.99%
BKNG	B	0.98%
QCOM	F	0.98%
GILD	B	0.98%
ZTS	C	0.92%
BMY	C	0.91%
VEEV	C	0.9%
PANW	C	0.89%
BX	B	0.88%
CME	C	0.85%
IDXX	D	0.83%
FICO	B	0.82%
ACGL	B	0.8%
MCO	A	0.8%
ORLY	D	0.8%
GRMN	D	0.79%
KO	B	0.79%
KLAC	D	0.79%
AZO	D	0.78%
LRCX	F	0.75%
YUM	F	0.75%
AMP	B	0.74%
MSCI	C	0.73%
CPAY	C	0.72%
MTD	D	0.71%
ABNB	D	0.69%
WSM	D	0.68%
DPZ	D	0.68%
KNSL	C	0.67%
UNP	C	0.67%
MEDP	D	0.66%
JXN	B	0.63%
CBSH	D	0.63%
PM	C	0.63%
EWBC	D	0.62%
VZ	B	0.62%
CFR	C	0.61%
CVX	D	0.61%
T	C	0.57%
QLYS	F	0.56%
TDG	B	0.54%
MMM	A	0.53%
ITW	C	0.51%
PAYX	C	0.48%
GWW	A	0.48%
FAST	C	0.47%
AME	C	0.47%
VRSK	D	0.46%
CPRT	D	0.44%
OTIS	C	0.44%
CL	C	0.43%
ODFL	D	0.42%
COP	D	0.39%
TTD	B	0.38%
AMT	C	0.34%
KMB	D	0.34%
CEG	A	0.32%
MNST	D	0.31%
HSY	D	0.3%
WMB	B	0.28%
ECL	A	0.26%
WEC	B	0.26%
VST	A	0.25%
O	C	0.24%
NRG	A	0.24%
LNG	C	0.24%
SPG	A	0.23%
EXR	B	0.21%
AVB	C	0.2%
VICI	C	0.2%
NFG	B	0.2%
EQR	C	0.19%
UGI	C	0.19%
TPL	A	0.19%
MLM	D	0.18%
SBAC	C	0.18%
NUE	F	0.18%
AM	B	0.18%
AVY	D	0.17%
ESS	C	0.17%
GLPI	C	0.16%
WHD	C	0.16%
CF	C	0.16%
EXP	B	0.15%
RS	D	0.15%
RGLD	B	0.15%

FQAL Underweight 39 Positions Relative to ADME

Symbol	Grade	Weight
AMZN	C	-3.6%
GOOG	D	-3.59%
NOW	A	-1.84%
SYK	C	-1.8%
JPM	D	-1.75%
BRK.A	C	-1.71%
TSLA	C	-1.34%
UNH	C	-1.3%
TMO	C	-1.28%
PEP	D	-1.27%
WMT	B	-1.15%
TMUS	C	-1.1%
BLK	B	-1.1%
INTU	C	-1.06%
ELV	C	-1.01%
MAR	C	-0.95%
MMC	C	-0.95%
ADI	C	-0.94%
PHM	B	-0.91%
TJX	C	-0.91%
MS	C	-0.88%
BAC	D	-0.88%
FDX	F	-0.88%
HON	D	-0.86%
MSI	B	-0.84%
ABT	C	-0.83%
MRK	D	-0.79%
ICE	C	-0.75%
ISRG	C	-0.74%
FANG	D	-0.73%
DUK	B	-0.68%
DLR	B	-0.63%
DE	B	-0.6%
TYL	C	-0.59%
C	D	-0.54%
ETN	C	-0.54%
AMGN	B	-0.43%
CMCSA	D	-0.36%
HAL	F	-0.23%