FQAL vs. AFLG ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Active Factor Large Cap ETF (AFLG)

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

$64.61

Average Daily Volume

30,621

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.99

Average Daily Volume

8,147

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	AFLG
30 Days	2.26%	3.06%
60 Days	5.40%	6.10%
90 Days	5.70%	7.55%
12 Months	32.29%	38.52%

68 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in AFLG	Overlap
AAPL	C	6.87%	7.08%	6.87%
ABBV	B	1.37%	1.02%	1.02%
ACGL	B	0.79%	0.22%	0.22%
ACN	C	1.02%	0.23%	0.23%
ADBE	F	1.03%	0.35%	0.35%
AMAT	D	0.92%	0.4%	0.4%
AMP	B	0.78%	0.13%	0.13%
AVB	C	0.19%	0.05%	0.05%
AVGO	C	2.07%	1.36%	1.36%
AZO	B	0.75%	0.19%	0.19%
BKNG	B	1.0%	0.24%	0.24%
BMY	C	0.91%	0.53%	0.53%
CAT	B	0.76%	0.55%	0.55%
CEG	C	0.34%	0.56%	0.34%
CF	B	0.17%	0.39%	0.17%
CL	C	0.4%	0.69%	0.4%
CME	B	0.83%	0.23%	0.23%
COP	F	0.41%	0.08%	0.08%
COST	C	1.02%	0.95%	0.95%
CTAS	C	0.53%	0.7%	0.53%
CVX	F	0.63%	0.42%	0.42%
DPZ	D	0.68%	0.05%	0.05%
ECL	B	0.26%	0.58%	0.26%
EQR	C	0.18%	0.11%	0.11%
ESS	C	0.17%	0.06%	0.06%
FICO	B	0.83%	0.72%	0.72%
GILD	B	0.97%	0.57%	0.57%
GLPI	C	0.15%	0.45%	0.15%
GOOGL	D	3.54%	1.94%	1.94%
GRMN	D	0.73%	0.36%	0.36%
GWW	B	0.49%	0.17%	0.17%
JNJ	C	1.47%	0.82%	0.82%
KLAC	D	0.82%	0.13%	0.13%
KMB	C	0.33%	0.06%	0.06%
KO	B	0.77%	0.4%	0.4%
LLY	D	2.16%	0.54%	0.54%
LMT	A	0.61%	0.39%	0.39%
LOW	B	1.01%	0.33%	0.33%
MA	B	1.43%	0.22%	0.22%
MCO	C	0.81%	0.05%	0.05%
META	B	2.58%	1.51%	1.51%
MMM	B	0.53%	0.61%	0.53%
MO	C	0.4%	0.97%	0.4%
MSFT	C	6.8%	5.07%	5.07%
NFLX	B	0.84%	0.6%	0.6%
NRG	B	0.24%	0.74%	0.24%
NUE	D	0.19%	0.38%	0.19%
NVDA	C	6.13%	4.64%	4.64%
ORLY	B	0.79%	0.06%	0.06%
PG	C	1.01%	0.93%	0.93%
PGR	C	1.02%	0.78%	0.78%
PM	C	0.6%	0.36%	0.36%
PSA	C	0.25%	0.06%	0.06%
QCOM	D	1.01%	1.0%	1.0%
RS	D	0.16%	0.62%	0.16%
SHW	B	0.31%	0.2%	0.2%
SO	B	0.37%	0.14%	0.14%
SPG	B	0.23%	0.56%	0.23%
SPGI	C	0.98%	0.09%	0.09%
T	B	0.55%	0.19%	0.19%
TDG	B	0.55%	0.01%	0.01%
TPL	C	0.22%	0.05%	0.05%
V	C	1.52%	0.29%	0.29%
VICI	C	0.19%	0.49%	0.19%
VST	B	0.29%	0.9%	0.29%
VZ	A	0.61%	0.55%	0.55%
WSM	C	0.73%	0.36%	0.36%
XOM	D	1.15%	0.74%	0.74%

FQAL Overweight 56 Positions Relative to AFLG

Symbol	Grade	Weight
HD	B	1.46%
MCD	B	1.14%
BX	C	0.94%
ZTS	B	0.91%
VRTX	D	0.9%
VEEV	C	0.86%
PANW	D	0.85%
IDXX	D	0.84%
LRCX	D	0.77%
ABNB	D	0.75%
YUM	B	0.73%
MTD	C	0.73%
CPAY	B	0.72%
MSCI	C	0.71%
JXN	B	0.69%
MEDP	F	0.69%
UNP	D	0.66%
CBSH	D	0.65%
KNSL	D	0.65%
CFR	C	0.65%
EWBC	C	0.64%
ADP	C	0.61%
LIN	B	0.56%
QLYS	D	0.55%
NEE	B	0.52%
ITW	B	0.52%
CSX	C	0.5%
FAST	C	0.47%
PAYX	C	0.47%
AME	C	0.47%
VRSK	D	0.45%
OTIS	B	0.45%
CPRT	D	0.45%
MDLZ	C	0.45%
ODFL	D	0.44%
TTD	B	0.39%
PLD	C	0.35%
AMT	C	0.33%
MNST	D	0.31%
EOG	D	0.3%
HSY	D	0.29%
WMB	C	0.28%
FCX	C	0.26%
LNG	D	0.25%
WEC	B	0.25%
O	B	0.23%
EXR	C	0.21%
NFG	B	0.2%
MLM	D	0.19%
UGI	B	0.19%
AM	B	0.18%
WHD	D	0.17%
SBAC	C	0.17%
AVY	C	0.16%
EXP	B	0.16%
RGLD	C	0.15%

FQAL Underweight 180 Positions Relative to AFLG

Symbol	Grade	Weight
AMZN	C	-1.72%
BRK.A	C	-1.61%
HIG	B	-1.16%
UHS	C	-1.13%
ELV	D	-0.99%
MRK	F	-0.8%
AFL	A	-0.8%
RL	B	-0.75%
BK	B	-0.7%
BSX	B	-0.67%
NTAP	D	-0.64%
PHM	B	-0.6%
WMT	B	-0.6%
FE	B	-0.59%
BBY	A	-0.57%
FFIV	B	-0.57%
PEG	B	-0.56%
MAS	B	-0.56%
EME	B	-0.56%
APH	C	-0.55%
CMCSA	C	-0.54%
SNA	B	-0.53%
MAA	C	-0.52%
FOXA	B	-0.51%
ETN	C	-0.5%
APP	C	-0.49%
KR	B	-0.49%
CRM	C	-0.49%
HPQ	C	-0.48%
CTSH	B	-0.48%
TT	B	-0.47%
MCK	F	-0.47%
IBM	B	-0.47%
CMI	B	-0.46%
CNA	D	-0.46%
GDDY	C	-0.46%
AOS	B	-0.46%
ICE	C	-0.44%
NVR	B	-0.43%
CSCO	B	-0.42%
DHI	C	-0.41%
CBOE	C	-0.41%
OGN	D	-0.41%
HSIC	C	-0.4%
CSL	B	-0.4%
HST	D	-0.4%
TJX	C	-0.4%
HWM	B	-0.39%
AXP	B	-0.39%
TPR	A	-0.39%
STLD	C	-0.38%
FIS	C	-0.38%
LEN	B	-0.38%
MSI	B	-0.37%
BLDR	C	-0.37%
PCAR	D	-0.36%
WAB	B	-0.35%
WU	C	-0.34%
RHI	D	-0.34%
OC	C	-0.34%
PKG	B	-0.34%
HLT	B	-0.33%
CMG	D	-0.33%
VLO	F	-0.32%
WELL	C	-0.32%
TMUS	B	-0.32%
ERIE	B	-0.32%
DVN	F	-0.32%
MTCH	C	-0.31%
IP	C	-0.31%
EA	D	-0.3%
BRO	C	-0.3%
ED	B	-0.29%
AIG	D	-0.29%
IBKR	B	-0.29%
UNH	C	-0.29%
EVRG	B	-0.29%
SOLV	D	-0.28%
TRGP	C	-0.28%
DECK	C	-0.27%
RF	B	-0.26%
LII	C	-0.26%
CNC	D	-0.26%
FDX	D	-0.26%
MANH	B	-0.26%
CFG	D	-0.25%
SWKS	F	-0.25%
WPC	C	-0.25%
ALNY	C	-0.24%
EIX	B	-0.24%
SYF	C	-0.23%
VRSN	C	-0.22%
INCY	C	-0.22%
VTR	C	-0.22%
KEYS	B	-0.21%
PPG	C	-0.21%
MRO	D	-0.21%
ZM	C	-0.21%
PH	B	-0.21%
CVS	D	-0.2%
BAH	B	-0.2%
NWSA	D	-0.19%
LKQ	F	-0.19%
HUM	F	-0.19%
TROW	C	-0.19%
VSCO	C	-0.19%
CI	C	-0.18%
L	D	-0.18%
CPT	C	-0.17%
EG	B	-0.17%
GL	D	-0.17%
GE	C	-0.17%
BEN	F	-0.17%
EXPE	C	-0.17%
SYK	C	-0.16%
JBL	C	-0.16%
TOL	A	-0.16%
ULTA	D	-0.16%
AIZ	B	-0.15%
IT	C	-0.14%
BBWI	D	-0.13%
LDOS	A	-0.13%
MPC	F	-0.13%
SCCO	C	-0.12%
ANET	C	-0.12%
DELL	C	-0.12%
KHC	C	-0.12%
VRT	C	-0.11%
MOH	D	-0.11%
CAH	C	-0.11%
RPM	B	-0.11%
EBAY	B	-0.11%
J	A	-0.1%
ETSY	D	-0.1%
SSNC	C	-0.1%
TXT	D	-0.09%
CRBG	C	-0.09%
TEL	D	-0.09%
DXC	D	-0.09%
PRU	C	-0.09%
PSX	F	-0.09%
VTRS	D	-0.09%
BG	F	-0.08%
LYB	D	-0.08%
ALL	C	-0.08%
IPG	C	-0.08%
QRVO	F	-0.08%
DINO	F	-0.07%
ADM	D	-0.07%
RMD	C	-0.06%
WSO	C	-0.06%
ROL	C	-0.06%
DKS	D	-0.05%
PSTG	F	-0.05%
SNPS	F	-0.05%
CVNA	B	-0.05%
EPAM	F	-0.05%
UTHR	B	-0.05%
ROST	C	-0.05%
PPL	A	-0.05%
DASH	B	-0.05%
STT	B	-0.05%
WTW	B	-0.05%
CDNS	D	-0.05%
ZION	D	-0.05%
NXPI	D	-0.05%
IR	B	-0.05%
UDR	C	-0.05%
BWA	C	-0.04%
WBA	F	-0.04%
PINS	D	-0.04%
PFG	B	-0.04%
CDW	D	-0.04%
IVZ	B	-0.04%
MET	B	-0.04%
AMCR	B	-0.04%
HOLX	D	-0.04%
MOS	F	-0.03%
ALLE	B	-0.01%
EQH	C	-0.0%