FQAL vs. QQQE ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)

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

QQQE

Direxion NASDAQ-100 Equal Weighted Index Shares

QQQE Description

The investment seeks investment results, before fees and expenses, that track the NASDAQ-100Â® Equal Weighted Index. The fund invests at least 80% of its assets in the equity securities that comprise the index and/or investments that have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is the equal weighted version of the NASDAQ-100 IndexÂ® which includes 100 of the largest domestic and international non-financial securities listed on The NASDAQÂ® Stock Market (the "NASDAQÂ®") based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.01

Average Daily Volume

247,668

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	QQQE
30 Days	2.60%	4.62%
60 Days	4.35%	5.09%
90 Days	5.86%	5.19%
12 Months	30.56%	21.25%

33 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in QQQE	Overlap
AAPL	C	6.62%	0.94%	0.94%
ABNB	C	0.75%	0.97%	0.75%
ADBE	C	0.97%	0.96%	0.96%
ADP	B	0.64%	1.06%	0.64%
AMAT	F	0.77%	0.92%	0.77%
AVGO	D	2.0%	0.98%	0.98%
BKNG	A	1.21%	1.18%	1.18%
CEG	D	0.36%	0.85%	0.36%
COST	B	1.01%	0.98%	0.98%
CPRT	A	0.48%	1.06%	0.48%
CSX	B	0.49%	0.98%	0.49%
CTAS	B	0.55%	1.05%	0.55%
FAST	B	0.53%	1.12%	0.53%
GILD	C	1.0%	1.07%	1.0%
GOOGL	C	3.69%	0.53%	0.53%
IDXX	F	0.67%	0.8%	0.67%
KLAC	D	0.64%	0.83%	0.64%
LIN	D	0.52%	0.92%	0.52%
LRCX	F	0.67%	0.93%	0.67%
MDLZ	F	0.38%	0.85%	0.38%
META	D	2.51%	0.99%	0.99%
MNST	C	0.31%	1.04%	0.31%
MSFT	F	6.3%	0.93%	0.93%
NFLX	A	0.97%	1.11%	0.97%
NVDA	C	7.24%	1.22%	1.22%
ODFL	B	0.45%	1.11%	0.45%
ORLY	B	0.84%	1.06%	0.84%
PANW	C	0.96%	1.11%	0.96%
PAYX	C	0.49%	1.06%	0.49%
QCOM	F	0.91%	0.92%	0.91%
TTD	B	0.41%	1.14%	0.41%
VRSK	A	0.46%	1.04%	0.46%
VRTX	F	0.86%	1.0%	0.86%

FQAL Overweight 91 Positions Relative to QQQE

Symbol	Grade	Weight
LLY	F	1.72%
V	A	1.61%
HD	A	1.5%
MA	C	1.48%
JNJ	D	1.35%
XOM	B	1.16%
ABBV	D	1.14%
MCD	D	1.11%
BX	A	1.05%
ACN	C	1.05%
BMY	B	1.02%
LOW	D	1.02%
PGR	A	1.0%
PG	A	0.98%
FICO	B	0.96%
AMP	A	0.92%
SPGI	C	0.92%
GRMN	B	0.86%
CME	A	0.85%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
MCO	B	0.76%
MSCI	C	0.75%
AZO	C	0.75%
JXN	C	0.74%
YUM	B	0.72%
ACGL	D	0.71%
CBSH	A	0.71%
DPZ	C	0.69%
CVX	A	0.68%
KO	D	0.66%
KNSL	B	0.65%
QLYS	C	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%
GWW	B	0.55%
ITW	B	0.54%
AME	A	0.52%
MMM	D	0.5%
TDG	D	0.49%
NEE	D	0.47%
OTIS	C	0.45%
MO	A	0.44%
VST	B	0.43%
COP	C	0.41%
CL	D	0.36%
SO	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
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%
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%
MLM	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 68 Positions Relative to QQQE

Symbol	Grade	Weight
TEAM	A	-1.43%
TSLA	B	-1.31%
FTNT	C	-1.23%
MRVL	B	-1.2%
DASH	A	-1.2%
TTWO	A	-1.16%
LULU	C	-1.16%
ZS	C	-1.15%
BKR	B	-1.15%
TMUS	B	-1.14%
CHTR	C	-1.13%
PCAR	B	-1.12%
EA	A	-1.11%
MAR	B	-1.11%
HON	B	-1.1%
ADSK	A	-1.1%
MU	D	-1.09%
CRWD	B	-1.09%
CSCO	B	-1.08%
PDD	F	-1.08%
WBD	C	-1.07%
ILMN	D	-1.07%
PYPL	B	-1.07%
CMCSA	B	-1.05%
ISRG	A	-1.05%
INTC	D	-1.05%
CDNS	B	-1.04%
WDAY	B	-1.04%
AMZN	C	-1.04%
SNPS	B	-1.04%
CTSH	B	-1.03%
INTU	C	-1.03%
GFS	C	-1.02%
XEL	A	-1.02%
ANSS	B	-1.02%
DDOG	A	-1.02%
TXN	C	-1.0%
MDB	C	-1.0%
DXCM	D	-1.0%
SBUX	A	-0.98%
ARM	D	-0.96%
ON	D	-0.96%
ROP	B	-0.96%
FANG	D	-0.95%
CSGP	D	-0.93%
ADI	D	-0.92%
NXPI	D	-0.92%
PEP	F	-0.91%
GEHC	F	-0.9%
EXC	C	-0.9%
CCEP	C	-0.9%
MELI	D	-0.89%
AMD	F	-0.88%
ROST	C	-0.87%
AEP	D	-0.87%
KHC	F	-0.87%
KDP	D	-0.85%
AMGN	D	-0.84%
DLTR	F	-0.83%
MCHP	D	-0.83%
CDW	F	-0.81%
ASML	F	-0.8%
BIIB	F	-0.8%
AZN	D	-0.79%
REGN	F	-0.68%
MRNA	F	-0.63%
GOOG	C	-0.53%
SMCI	F	-0.45%