FQAL vs. ROUS ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Lattice U.S. Equity Strategy ETF (ROUS)

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

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$53.83

Average Daily Volume

59,393

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	ROUS
30 Days	2.60%	4.24%
60 Days	4.35%	4.66%
90 Days	5.86%	6.25%
12 Months	30.56%	30.06%

78 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in ROUS	Overlap
AAPL	C	6.62%	1.22%	1.22%
ABBV	D	1.14%	0.85%	0.85%
ACGL	D	0.71%	0.24%	0.24%
ACN	C	1.05%	0.44%	0.44%
ADBE	C	0.97%	0.16%	0.16%
AMAT	F	0.77%	0.29%	0.29%
AVB	B	0.19%	0.12%	0.12%
AVGO	D	2.0%	0.63%	0.63%
AVY	D	0.15%	0.01%	0.01%
AZO	C	0.75%	0.32%	0.32%
BKNG	A	1.21%	0.23%	0.23%
BMY	B	1.02%	0.32%	0.32%
CAT	B	0.77%	0.19%	0.19%
CF	B	0.17%	0.03%	0.03%
CL	D	0.36%	0.43%	0.36%
COP	C	0.41%	0.08%	0.08%
COST	B	1.01%	0.56%	0.56%
CTAS	B	0.55%	0.43%	0.43%
CVX	A	0.68%	0.21%	0.21%
ECL	D	0.24%	0.18%	0.18%
EOG	A	0.32%	0.63%	0.32%
EQR	B	0.17%	0.12%	0.12%
FAST	B	0.53%	0.49%	0.49%
FICO	B	0.96%	0.67%	0.67%
GILD	C	1.0%	0.7%	0.7%
GLPI	C	0.14%	0.08%	0.08%
GOOGL	C	3.69%	1.26%	1.26%
GRMN	B	0.86%	0.3%	0.3%
GWW	B	0.55%	0.58%	0.55%
HD	A	1.5%	0.81%	0.81%
HSY	F	0.25%	0.27%	0.25%
ITW	B	0.54%	0.26%	0.26%
JNJ	D	1.35%	1.08%	1.08%
KLAC	D	0.64%	0.28%	0.28%
KMB	D	0.31%	0.38%	0.31%
KO	D	0.66%	0.09%	0.09%
LIN	D	0.52%	0.02%	0.02%
LLY	F	1.72%	0.75%	0.75%
LMT	D	0.56%	0.38%	0.38%
LNG	B	0.28%	0.33%	0.28%
LOW	D	1.02%	0.31%	0.31%
LRCX	F	0.67%	0.17%	0.17%
MA	C	1.48%	0.39%	0.39%
MCD	D	1.11%	0.14%	0.14%
META	D	2.51%	0.78%	0.78%
MMM	D	0.5%	0.15%	0.15%
MO	A	0.44%	0.6%	0.44%
MSFT	F	6.3%	1.14%	1.14%
MTD	D	0.58%	0.11%	0.11%
NEE	D	0.47%	0.09%	0.09%
NFG	A	0.2%	0.24%	0.2%
NRG	B	0.27%	0.51%	0.27%
NVDA	C	7.24%	0.99%	0.99%
O	D	0.21%	0.14%	0.14%
ORLY	B	0.84%	0.37%	0.37%
OTIS	C	0.45%	0.28%	0.28%
PANW	C	0.96%	0.13%	0.13%
PAYX	C	0.49%	0.02%	0.02%
PG	A	0.98%	0.64%	0.64%
PGR	A	1.0%	0.23%	0.23%
PM	B	0.63%	0.34%	0.34%
PSA	D	0.23%	0.07%	0.07%
QCOM	F	0.91%	0.52%	0.52%
RS	B	0.17%	0.39%	0.17%
SHW	A	0.3%	0.51%	0.3%
SO	D	0.36%	0.26%	0.26%
SPG	B	0.25%	0.07%	0.07%
T	A	0.57%	0.89%	0.57%
V	A	1.61%	0.4%	0.4%
VICI	C	0.18%	0.31%	0.18%
VRSK	A	0.46%	0.19%	0.19%
VRTX	F	0.86%	0.36%	0.36%
VST	B	0.43%	0.16%	0.16%
VZ	C	0.56%	0.84%	0.56%
WEC	A	0.26%	0.13%	0.13%
WSM	B	0.63%	0.22%	0.22%
XOM	B	1.16%	0.82%	0.82%
YUM	B	0.72%	0.3%	0.3%

FQAL Overweight 46 Positions Relative to ROUS

Symbol	Grade	Weight
BX	A	1.05%
NFLX	A	0.97%
AMP	A	0.92%
SPGI	C	0.92%
CME	A	0.85%
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%
ABNB	C	0.75%
JXN	C	0.74%
CBSH	A	0.71%
DPZ	C	0.69%
IDXX	F	0.67%
KNSL	B	0.65%
QLYS	C	0.64%
ADP	B	0.64%
UNP	C	0.61%
MEDP	D	0.57%
AME	A	0.52%
TDG	D	0.49%
CSX	B	0.49%
CPRT	A	0.48%
ODFL	B	0.45%
TTD	B	0.41%
MDLZ	F	0.38%
CEG	D	0.36%
WMB	A	0.34%
MNST	C	0.31%
TPL	A	0.31%
PLD	D	0.3%
AMT	D	0.27%
FCX	D	0.24%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
MLM	B	0.19%
WHD	B	0.18%
NUE	C	0.18%
SBAC	D	0.16%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%

FQAL Underweight 267 Positions Relative to ROUS

Symbol	Grade	Weight
WMT	A	-1.09%
HPQ	B	-1.07%
UNH	C	-1.02%
NTAP	C	-1.0%
DELL	C	-0.88%
HPE	B	-0.86%
KR	B	-0.84%
MRK	F	-0.84%
IBM	C	-0.83%
CSCO	B	-0.83%
MSI	B	-0.82%
JPM	A	-0.81%
CVLT	B	-0.78%
EA	A	-0.77%
TMUS	B	-0.76%
CTSH	B	-0.75%
BRK.A	B	-0.72%
AVT	C	-0.69%
TXN	C	-0.65%
MUSA	A	-0.64%
ORCL	B	-0.64%
MTB	A	-0.62%
APH	A	-0.58%
FOXA	B	-0.58%
IT	C	-0.56%
GLW	B	-0.54%
MCK	B	-0.54%
HUM	C	-0.53%
GDDY	A	-0.52%
AMZN	C	-0.52%
CINF	A	-0.5%
ALSN	B	-0.49%
HRB	D	-0.49%
BK	A	-0.48%
CMI	A	-0.48%
VLO	C	-0.47%
INCY	C	-0.44%
RPM	A	-0.44%
CVS	D	-0.44%
DBX	B	-0.43%
ELV	F	-0.42%
FFIV	B	-0.42%
UTHR	C	-0.42%
UNM	A	-0.41%
ACI	C	-0.41%
JNPR	F	-0.4%
MLI	C	-0.4%
TRV	B	-0.39%
EME	C	-0.39%
NXPI	D	-0.38%
SW	A	-0.38%
CHRW	C	-0.38%
ETR	B	-0.37%
CMCSA	B	-0.37%
SANM	B	-0.37%
AXS	A	-0.37%
FDX	B	-0.36%
AMGN	D	-0.36%
VNT	B	-0.36%
VRSN	F	-0.36%
NYT	C	-0.35%
BBY	D	-0.35%
C	A	-0.34%
MKL	A	-0.33%
EBAY	D	-0.33%
CB	C	-0.33%
GPC	D	-0.33%
CDW	F	-0.33%
TER	D	-0.33%
NSIT	F	-0.32%
BMI	B	-0.32%
AFL	B	-0.32%
CRUS	D	-0.32%
TSCO	D	-0.32%
ORI	A	-0.31%
PCAR	B	-0.31%
ANET	C	-0.31%
SYF	B	-0.31%
WM	A	-0.31%
STLD	B	-0.3%
RMD	C	-0.3%
RHI	B	-0.29%
WTM	A	-0.29%
PHM	D	-0.29%
GPI	A	-0.29%
DUK	C	-0.29%
EXEL	B	-0.29%
CDNS	B	-0.29%
PEP	F	-0.28%
TJX	A	-0.28%
ALKS	B	-0.27%
RF	A	-0.27%
XEL	A	-0.27%
DGX	A	-0.27%
COR	B	-0.27%
EG	C	-0.26%
SYY	B	-0.26%
MPC	D	-0.26%
CASY	A	-0.26%
MAS	D	-0.26%
PRU	A	-0.25%
STT	A	-0.25%
DLB	B	-0.25%
KEYS	A	-0.25%
SNX	C	-0.25%
LOPE	B	-0.25%
SNA	A	-0.25%
CI	F	-0.24%
DCI	B	-0.24%
PEG	A	-0.24%
MANH	D	-0.24%
CACI	D	-0.24%
NVR	D	-0.24%
PKG	A	-0.23%
AIT	A	-0.23%
CRBG	B	-0.23%
DTE	C	-0.23%
TT	A	-0.23%
LSTR	D	-0.23%
GPK	C	-0.23%
ED	D	-0.23%
HBAN	A	-0.23%
R	B	-0.23%
WFC	A	-0.22%
KD	B	-0.22%
AN	C	-0.22%
AEP	D	-0.22%
AYI	B	-0.22%
DKS	C	-0.21%
GEN	B	-0.21%
PNC	B	-0.21%
MCHP	D	-0.21%
OC	A	-0.2%
HCA	F	-0.2%
ROP	B	-0.2%
RSG	A	-0.2%
SON	D	-0.2%
OGN	D	-0.2%
PPL	B	-0.19%
ARW	D	-0.19%
SNPS	B	-0.19%
FLO	D	-0.19%
RDN	C	-0.19%
DHI	D	-0.19%
WSO	A	-0.19%
DY	D	-0.18%
IRM	D	-0.18%
ADC	B	-0.17%
REGN	F	-0.17%
ASGN	F	-0.17%
FE	C	-0.17%
MDT	D	-0.17%
CAH	B	-0.17%
UFPI	B	-0.17%
BAH	F	-0.17%
FITB	A	-0.17%
LYB	F	-0.17%
STX	D	-0.16%
RNR	C	-0.16%
JBL	B	-0.16%
CBT	C	-0.16%
SKX	D	-0.16%
PPG	F	-0.16%
OMC	C	-0.15%
SWKS	F	-0.15%
MTG	C	-0.14%
ABT	B	-0.14%
ALL	A	-0.14%
SFM	A	-0.14%
RL	B	-0.14%
FLEX	A	-0.14%
BPOP	B	-0.14%
FCN	D	-0.14%
BSX	B	-0.14%
ROL	B	-0.14%
RGA	A	-0.14%
CMC	B	-0.14%
GIS	D	-0.14%
COKE	C	-0.13%
CHE	D	-0.13%
LAMR	D	-0.13%
USB	A	-0.13%
DOV	A	-0.13%
AEE	A	-0.13%
EIX	B	-0.12%
BLDR	D	-0.12%
POR	C	-0.12%
LII	A	-0.12%
PSTG	D	-0.12%
FANG	D	-0.12%
LDOS	C	-0.11%
BAC	A	-0.11%
INTU	C	-0.11%
TGT	F	-0.11%
CNC	D	-0.1%
UMBF	B	-0.1%
VMI	B	-0.1%
AMCR	D	-0.1%
L	A	-0.1%
FSS	B	-0.1%
DVN	F	-0.1%
HUBB	B	-0.09%
AIZ	A	-0.09%
WELL	A	-0.09%
ADI	D	-0.09%
CHRD	D	-0.09%
CBOE	B	-0.09%
BJ	A	-0.09%
ATR	B	-0.08%
OGE	B	-0.08%
JHG	A	-0.08%
EXC	C	-0.08%
ACIW	B	-0.08%
NOC	D	-0.08%
INGR	B	-0.08%
MMS	F	-0.08%
GWRE	A	-0.07%
APPF	B	-0.07%
GD	F	-0.07%
SRE	A	-0.07%
NNN	D	-0.07%
FTNT	C	-0.07%
KNF	A	-0.07%
PTC	A	-0.06%
LNC	B	-0.06%
CSWI	A	-0.06%
SPSC	C	-0.06%
AWI	A	-0.05%
ANF	C	-0.05%
MOG.A	B	-0.05%
NOW	A	-0.05%
ADSK	A	-0.05%
BR	A	-0.05%
HON	B	-0.05%
FELE	B	-0.04%
LFUS	F	-0.04%
CCI	D	-0.04%
EPRT	B	-0.04%
COF	B	-0.04%
BCO	D	-0.04%
IP	B	-0.04%
D	C	-0.04%
AKAM	D	-0.04%
ITCI	C	-0.04%
NXST	C	-0.04%
ADM	D	-0.03%
NWSA	B	-0.03%
JCI	C	-0.03%
CIEN	B	-0.02%
SYK	C	-0.02%
SEE	C	-0.02%
CHTR	C	-0.02%
MSA	D	-0.02%
VTR	C	-0.02%
EHC	B	-0.02%
ITRI	B	-0.02%
OHI	C	-0.02%
PSX	C	-0.02%
FHN	A	-0.02%
AAON	B	-0.02%
SLGN	A	-0.02%
AIG	B	-0.02%
MPWR	F	-0.01%
MTH	D	-0.01%
ONB	B	-0.01%
AOS	F	-0.01%
WPC	D	-0.01%