FQAL vs. JOET ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

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

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$40.40

Average Daily Volume

29,173

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	JOET
30 Days	2.60%	7.96%
60 Days	4.35%	9.99%
90 Days	5.86%	13.18%
12 Months	30.56%	38.99%

28 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in JOET	Overlap
ACGL	D	0.71%	0.72%	0.71%
ACN	C	1.05%	0.76%	0.76%
AMAT	F	0.77%	0.76%	0.76%
AMP	A	0.92%	0.83%	0.83%
AVGO	D	2.0%	0.75%	0.75%
CAT	B	0.77%	0.75%	0.75%
CEG	D	0.36%	0.64%	0.36%
COST	B	1.01%	0.79%	0.79%
CTAS	B	0.55%	0.79%	0.55%
EXR	D	0.19%	0.74%	0.19%
FAST	B	0.53%	0.81%	0.53%
GRMN	B	0.86%	0.97%	0.86%
GWW	B	0.55%	0.81%	0.55%
KLAC	D	0.64%	0.73%	0.64%
LLY	F	1.72%	0.67%	0.67%
MA	C	1.48%	0.78%	0.78%
META	D	2.51%	0.76%	0.76%
MLM	B	0.19%	0.77%	0.19%
MSFT	F	6.3%	0.76%	0.76%
NFLX	A	0.97%	0.85%	0.85%
NVDA	C	7.24%	0.79%	0.79%
O	D	0.21%	0.69%	0.21%
PANW	C	0.96%	0.83%	0.83%
PGR	A	1.0%	0.8%	0.8%
PSA	D	0.23%	0.75%	0.23%
QCOM	F	0.91%	0.72%	0.72%
SPGI	C	0.92%	0.8%	0.8%
TTD	B	0.41%	0.8%	0.41%

FQAL Overweight 96 Positions Relative to JOET

Symbol	Grade	Weight
AAPL	C	6.62%
GOOGL	C	3.69%
V	A	1.61%
HD	A	1.5%
JNJ	D	1.35%
BKNG	A	1.21%
XOM	B	1.16%
ABBV	D	1.14%
MCD	D	1.11%
BX	A	1.05%
BMY	B	1.02%
LOW	D	1.02%
GILD	C	1.0%
PG	A	0.98%
ADBE	C	0.97%
FICO	B	0.96%
VRTX	F	0.86%
CME	A	0.85%
ORLY	B	0.84%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CFR	B	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%
CVX	A	0.68%
LRCX	F	0.67%
IDXX	F	0.67%
KO	D	0.66%
KNSL	B	0.65%
QLYS	C	0.64%
ADP	B	0.64%
WSM	B	0.63%
PM	B	0.63%
UNP	C	0.61%
MTD	D	0.58%
MEDP	D	0.57%
T	A	0.57%
LMT	D	0.56%
VZ	C	0.56%
ITW	B	0.54%
AME	A	0.52%
LIN	D	0.52%
MMM	D	0.5%
TDG	D	0.49%
CSX	B	0.49%
PAYX	C	0.49%
CPRT	A	0.48%
NEE	D	0.47%
VRSK	A	0.46%
OTIS	C	0.45%
ODFL	B	0.45%
MO	A	0.44%
VST	B	0.43%
COP	C	0.41%
MDLZ	F	0.38%
CL	D	0.36%
SO	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
MNST	C	0.31%
KMB	D	0.31%
TPL	A	0.31%
PLD	D	0.3%
SHW	A	0.3%
LNG	B	0.28%
NRG	B	0.27%
AMT	D	0.27%
WEC	A	0.26%
SPG	B	0.25%
HSY	F	0.25%
FCX	D	0.24%
ECL	D	0.24%
NFG	A	0.2%
AM	A	0.19%
UGI	A	0.19%
AVB	B	0.19%
WHD	B	0.18%
VICI	C	0.18%
NUE	C	0.18%
RS	B	0.17%
EQR	B	0.17%
CF	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 96 Positions Relative to JOET

Symbol	Grade	Weight
APP	B	-1.3%
AXON	A	-1.03%
PLTR	B	-1.0%
COIN	C	-0.98%
SPOT	B	-0.94%
UAL	A	-0.91%
FTNT	C	-0.89%
DAL	C	-0.89%
IBKR	A	-0.89%
DOCU	A	-0.88%
SYF	B	-0.87%
CRWD	B	-0.87%
RCL	A	-0.87%
CRM	B	-0.86%
APO	B	-0.86%
DFS	B	-0.86%
HEI	B	-0.85%
FCNCA	A	-0.85%
PH	A	-0.85%
PODD	C	-0.85%
SQ	B	-0.85%
AMZN	C	-0.85%
NOW	A	-0.84%
HWM	A	-0.84%
HBAN	A	-0.84%
CMI	A	-0.83%
CFG	B	-0.83%
RF	A	-0.83%
GM	B	-0.83%
VMC	B	-0.83%
PCAR	B	-0.82%
SYK	C	-0.82%
MTB	A	-0.82%
RJF	A	-0.82%
ORCL	B	-0.82%
ROL	B	-0.81%
IR	B	-0.81%
AXP	A	-0.81%
BR	A	-0.81%
VRT	B	-0.81%
ADSK	A	-0.81%
JPM	A	-0.81%
FITB	A	-0.81%
ETN	A	-0.8%
DOV	A	-0.8%
ISRG	A	-0.8%
APH	A	-0.8%
BRO	B	-0.8%
CINF	A	-0.79%
ALL	A	-0.79%
DDOG	A	-0.79%
NTRS	A	-0.79%
IT	C	-0.79%
TT	A	-0.79%
DECK	A	-0.79%
RSG	A	-0.79%
WMT	A	-0.78%
WRB	A	-0.78%
PFG	D	-0.78%
PYPL	B	-0.78%
TSCO	D	-0.78%
HIG	B	-0.78%
URI	B	-0.78%
WELL	A	-0.78%
WAB	B	-0.78%
BSX	B	-0.78%
PWR	A	-0.78%
BK	A	-0.77%
TRV	B	-0.77%
BRK.A	B	-0.77%
NVR	D	-0.76%
AFL	B	-0.76%
NU	C	-0.75%
ANET	C	-0.75%
CMG	B	-0.75%
CB	C	-0.75%
CARR	D	-0.75%
ROST	C	-0.75%
LEN	D	-0.74%
CPNG	D	-0.74%
HUBB	B	-0.74%
TW	A	-0.74%
GD	F	-0.73%
PHM	D	-0.73%
FSLR	F	-0.72%
XYL	D	-0.71%
RMD	C	-0.71%
UBER	D	-0.7%
ADI	D	-0.7%
DHI	D	-0.69%
MELI	D	-0.69%
IRM	D	-0.67%
AMD	F	-0.66%
CHKP	D	-0.65%
MPWR	F	-0.49%
SMCI	F	-0.29%