FQAL vs. DFLV ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Dimensional US Large Cap Value ETF (DFLV)

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

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

DFLV

Dimensional US Large Cap Value ETF

DFLV Description

To achieve the U.S. Large Cap Value ETF"s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$32.43

Average Daily Volume

326,007

Number of Holdings ^*

330

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	DFLV
30 Days	2.60%	4.48%
60 Days	4.35%	5.88%
90 Days	5.86%	7.25%
12 Months	30.56%	30.40%

26 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in DFLV	Overlap
ACGL	D	0.71%	0.4%	0.4%
AME	A	0.52%	0.42%	0.42%
BMY	B	1.02%	0.41%	0.41%
CF	B	0.17%	0.18%	0.17%
CME	A	0.85%	0.04%	0.04%
COP	C	0.41%	1.25%	0.41%
CSX	B	0.49%	0.36%	0.36%
CVX	A	0.68%	2.12%	0.68%
EOG	A	0.32%	0.5%	0.32%
EWBC	A	0.78%	0.03%	0.03%
FCX	D	0.24%	0.44%	0.24%
GILD	C	1.0%	0.76%	0.76%
GRMN	B	0.86%	0.47%	0.47%
JNJ	D	1.35%	1.13%	1.13%
LIN	D	0.52%	0.58%	0.52%
MDLZ	F	0.38%	0.62%	0.38%
MLM	B	0.19%	0.52%	0.19%
MNST	C	0.31%	0.0%	0.0%
NRG	B	0.27%	0.17%	0.17%
NUE	C	0.18%	0.69%	0.18%
OTIS	C	0.45%	0.19%	0.19%
RS	B	0.17%	0.19%	0.17%
T	A	0.57%	1.27%	0.57%
VZ	C	0.56%	1.37%	0.56%
WMB	A	0.34%	0.3%	0.3%
XOM	B	1.16%	4.17%	1.16%

FQAL Overweight 98 Positions Relative to DFLV

Symbol	Grade	Weight
NVDA	C	7.24%
AAPL	C	6.62%
MSFT	F	6.3%
GOOGL	C	3.69%
META	D	2.51%
AVGO	D	2.0%
LLY	F	1.72%
V	A	1.61%
HD	A	1.5%
MA	C	1.48%
BKNG	A	1.21%
ABBV	D	1.14%
MCD	D	1.11%
BX	A	1.05%
ACN	C	1.05%
LOW	D	1.02%
COST	B	1.01%
PGR	A	1.0%
PG	A	0.98%
ADBE	C	0.97%
NFLX	A	0.97%
FICO	B	0.96%
PANW	C	0.96%
AMP	A	0.92%
SPGI	C	0.92%
QCOM	F	0.91%
VRTX	F	0.86%
ORLY	B	0.84%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
CAT	B	0.77%
CFR	B	0.77%
AMAT	F	0.77%
MCO	B	0.76%
MSCI	C	0.75%
AZO	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
YUM	B	0.72%
CBSH	A	0.71%
DPZ	C	0.69%
LRCX	F	0.67%
IDXX	F	0.67%
KO	D	0.66%
KNSL	B	0.65%
QLYS	C	0.64%
ADP	B	0.64%
KLAC	D	0.64%
WSM	B	0.63%
PM	B	0.63%
UNP	C	0.61%
MTD	D	0.58%
MEDP	D	0.57%
LMT	D	0.56%
CTAS	B	0.55%
GWW	B	0.55%
ITW	B	0.54%
FAST	B	0.53%
MMM	D	0.5%
TDG	D	0.49%
PAYX	C	0.49%
CPRT	A	0.48%
NEE	D	0.47%
VRSK	A	0.46%
ODFL	B	0.45%
MO	A	0.44%
VST	B	0.43%
TTD	B	0.41%
CL	D	0.36%
SO	D	0.36%
CEG	D	0.36%
KMB	D	0.31%
TPL	A	0.31%
PLD	D	0.3%
SHW	A	0.3%
LNG	B	0.28%
AMT	D	0.27%
WEC	A	0.26%
SPG	B	0.25%
HSY	F	0.25%
ECL	D	0.24%
PSA	D	0.23%
O	D	0.21%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
AVB	B	0.19%
WHD	B	0.18%
VICI	C	0.18%
EQR	B	0.17%
SBAC	D	0.16%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%
AVY	D	0.15%
GLPI	C	0.14%

FQAL Underweight 304 Positions Relative to DFLV

Symbol	Grade	Weight
JPM	A	-5.12%
BRK.A	B	-2.15%
CSCO	B	-1.73%
CMCSA	B	-1.52%
WFC	A	-1.49%
CRM	B	-1.39%
GS	A	-1.15%
UNH	C	-1.04%
BAC	A	-1.01%
MS	A	-1.0%
TMUS	B	-0.92%
GM	B	-0.9%
ABT	B	-0.85%
PCAR	B	-0.82%
ELV	F	-0.79%
RTX	C	-0.76%
GLW	B	-0.75%
CMI	A	-0.74%
CI	F	-0.73%
TMO	F	-0.72%
DHR	F	-0.72%
BK	A	-0.71%
DOW	F	-0.66%
KR	B	-0.66%
DFS	B	-0.66%
MDT	D	-0.66%
ADI	D	-0.65%
HIG	B	-0.64%
CTSH	B	-0.64%
VLO	C	-0.63%
TRV	B	-0.62%
DE	A	-0.61%
JCI	C	-0.6%
CB	C	-0.6%
FDX	B	-0.6%
FANG	D	-0.58%
NSC	B	-0.58%
BKR	B	-0.58%
PRU	A	-0.57%
STLD	B	-0.57%
DAL	C	-0.56%
URI	B	-0.56%
AIG	B	-0.54%
F	C	-0.53%
AMD	F	-0.53%
IR	B	-0.53%
PHM	D	-0.5%
GIS	D	-0.5%
VMC	B	-0.5%
PSX	C	-0.5%
MPC	D	-0.5%
RF	A	-0.5%
CBRE	B	-0.49%
DIS	B	-0.48%
LEN	D	-0.48%
EBAY	D	-0.47%
COF	B	-0.47%
GD	F	-0.47%
APD	A	-0.46%
LYB	F	-0.44%
BDX	F	-0.44%
ETN	A	-0.44%
TSN	B	-0.43%
LH	C	-0.43%
MET	A	-0.42%
GEHC	F	-0.42%
REGN	F	-0.42%
RJF	A	-0.41%
FIS	C	-0.41%
STZ	D	-0.41%
TXT	D	-0.4%
KVUE	A	-0.4%
FITB	A	-0.4%
C	A	-0.39%
DHI	D	-0.38%
KMI	A	-0.37%
UAL	A	-0.37%
TGT	F	-0.37%
FI	A	-0.37%
EA	A	-0.37%
PPG	F	-0.35%
DOV	A	-0.35%
CVS	D	-0.35%
EG	C	-0.34%
MU	D	-0.34%
HPE	B	-0.34%
OKE	A	-0.33%
LHX	C	-0.33%
DOX	D	-0.33%
INTC	D	-0.33%
PFE	D	-0.32%
KDP	D	-0.31%
NOC	D	-0.31%
OC	A	-0.31%
L	A	-0.3%
NEM	D	-0.3%
CARR	D	-0.29%
WAB	B	-0.29%
PWR	A	-0.29%
BLDR	D	-0.28%
EMR	A	-0.28%
DVN	F	-0.28%
AFL	B	-0.27%
CNC	D	-0.27%
HPQ	B	-0.27%
USB	A	-0.26%
PNR	A	-0.26%
ON	D	-0.25%
HAL	C	-0.25%
DGX	A	-0.25%
PYPL	B	-0.25%
PKG	A	-0.25%
PNC	B	-0.25%
SNA	A	-0.24%
PH	A	-0.24%
ZBH	C	-0.24%
MTB	A	-0.23%
SYF	B	-0.22%
BALL	D	-0.21%
KEYS	A	-0.21%
TROW	B	-0.21%
TTWO	A	-0.21%
FSLR	F	-0.2%
USFD	A	-0.2%
DD	D	-0.2%
UHS	D	-0.2%
MRVL	B	-0.2%
SQ	B	-0.2%
STE	F	-0.19%
CTRA	B	-0.19%
CTVA	C	-0.19%
FCNCA	A	-0.19%
LDOS	C	-0.19%
PFG	D	-0.18%
FTV	C	-0.18%
SSNC	B	-0.17%
CSL	C	-0.17%
STT	A	-0.17%
OMC	C	-0.16%
KHC	F	-0.16%
ALL	A	-0.16%
TOL	B	-0.15%
HOLX	D	-0.15%
UTHR	C	-0.15%
WTW	B	-0.15%
GPC	D	-0.15%
IP	B	-0.15%
GPN	B	-0.15%
BIIB	F	-0.14%
EMN	D	-0.14%
AKAM	D	-0.14%
EW	C	-0.14%
XYL	D	-0.14%
OXY	D	-0.14%
CPB	D	-0.13%
RSG	A	-0.13%
BG	F	-0.13%
TFC	A	-0.13%
AMCR	D	-0.13%
SJM	D	-0.12%
MKL	A	-0.12%
DLTR	F	-0.12%
WDC	D	-0.12%
MOH	F	-0.12%
ZBRA	B	-0.12%
FOXA	B	-0.12%
HBAN	A	-0.12%
ROP	B	-0.11%
HUM	C	-0.11%
NTRS	A	-0.11%
FLEX	A	-0.11%
SWKS	F	-0.11%
LUV	C	-0.11%
WRB	A	-0.11%
THC	D	-0.1%
BWA	D	-0.1%
J	F	-0.1%
JBHT	C	-0.1%
TRU	D	-0.1%
CRBG	B	-0.09%
ADM	D	-0.09%
APTV	D	-0.09%
CASY	A	-0.09%
MRO	B	-0.09%
IFF	D	-0.09%
JNPR	F	-0.09%
TDY	B	-0.09%
UHAL	D	-0.08%
BLK	C	-0.08%
OVV	B	-0.08%
AVTR	F	-0.08%
PFGC	B	-0.08%
JLL	D	-0.07%
VTRS	A	-0.07%
TRMB	B	-0.07%
FNF	B	-0.07%
ACI	C	-0.07%
EQT	B	-0.07%
CE	F	-0.07%
NWSA	B	-0.07%
KEY	B	-0.07%
HES	B	-0.07%
SW	A	-0.07%
LKQ	D	-0.07%
CRL	C	-0.07%
CAG	D	-0.06%
HRL	D	-0.06%
FFIV	B	-0.06%
FOX	A	-0.06%
IPG	D	-0.06%
SLB	C	-0.06%
ZM	B	-0.06%
GL	B	-0.06%
CINF	A	-0.06%
IEX	B	-0.05%
BAX	D	-0.05%
MKC	D	-0.05%
WBD	C	-0.05%
CSGP	D	-0.05%
NDSN	B	-0.04%
ENTG	D	-0.04%
WLK	D	-0.04%
ALLY	C	-0.04%
DAR	C	-0.04%
RNR	C	-0.04%
CCL	B	-0.04%
JBL	B	-0.04%
CLH	B	-0.04%
SWK	D	-0.04%
CFG	B	-0.04%
MRNA	F	-0.04%
SCHW	B	-0.04%
EPAM	C	-0.03%
GFS	C	-0.03%
CHTR	C	-0.03%
DINO	D	-0.03%
TAP	C	-0.03%
ICLR	D	-0.03%
BMRN	D	-0.03%
DG	F	-0.03%
RGA	A	-0.03%
SOLV	C	-0.02%
HII	D	-0.02%
RVTY	F	-0.02%
HSIC	B	-0.02%
ICE	C	-0.02%
FBIN	D	-0.02%
MRK	F	-0.02%
NWS	B	-0.02%
OKTA	C	-0.02%
CHD	B	-0.02%
BLD	D	-0.02%
CCK	C	-0.02%
PR	B	-0.02%
DKS	C	-0.02%
Z	A	-0.02%
TFX	F	-0.02%
ARMK	B	-0.02%
TWLO	A	-0.01%
GGG	B	-0.01%
IQV	D	-0.01%
AFG	A	-0.01%
CNH	C	-0.01%
MOS	F	-0.01%
IVZ	B	-0.01%
WBA	F	-0.01%
SNX	C	-0.01%
LEA	D	-0.01%
WBS	A	-0.01%
SIRI	C	-0.01%
H	B	-0.01%
FTRE	D	-0.01%
ILMN	D	-0.01%
MHK	D	-0.01%
BBY	D	-0.01%
BSX	B	-0.01%
INCY	C	-0.01%
PAG	B	-0.01%
KNX	B	-0.01%
AR	B	-0.01%
QRVO	F	-0.01%
NVT	B	-0.01%
KMX	B	-0.01%
ZG	A	-0.0%
LEN	D	-0.0%
HOOD	B	-0.0%
CNA	B	-0.0%
ST	F	-0.0%
ALGN	D	-0.0%
GNTX	C	-0.0%
ARW	D	-0.0%
GXO	B	-0.0%
MTDR	B	-0.0%
CW	B	-0.0%
HAS	D	-0.0%
COTY	F	-0.0%
NDAQ	A	-0.0%
CG	A	-0.0%
TPR	B	-0.0%
ACM	A	-0.0%
ALV	C	-0.0%
CZR	F	-0.0%
UHAL	D	-0.0%
UNM	A	-0.0%