FQAL vs. SKYU ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to ProShares Ultra Cloud Computing (SKYU)

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

SKYU

ProShares Ultra Cloud Computing

SKYU Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing Index. The index is comprised of companies classified as cloud computing companies by the CTA. The Advisor expects that its cash balances maintained in connection with the use of financial instruments will typically be held in money market instruments. It invests in common stock issued by public companies. The fund invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.69

Average Daily Volume

3,366

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	SKYU
30 Days	2.60%	38.02%
60 Days	4.35%	41.98%
90 Days	5.86%	53.59%
12 Months	30.56%	111.13%

6 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in SKYU	Overlap
GOOGL	C	3.69%	2.04%	2.04%
MSFT	F	6.3%	1.89%	1.89%
PANW	C	0.96%	0.34%	0.34%
QLYS	C	0.64%	0.37%	0.37%
TTD	B	0.41%	0.38%	0.38%
VEEV	C	0.84%	0.33%	0.33%

FQAL Overweight 118 Positions Relative to SKYU

Symbol	Grade	Weight
NVDA	C	7.24%
AAPL	C	6.62%
META	D	2.51%
AVGO	D	2.0%
LLY	F	1.72%
V	A	1.61%
HD	A	1.5%
MA	C	1.48%
JNJ	D	1.35%
BKNG	A	1.21%
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%
COST	B	1.01%
PGR	A	1.0%
GILD	C	1.0%
PG	A	0.98%
ADBE	C	0.97%
NFLX	A	0.97%
FICO	B	0.96%
AMP	A	0.92%
SPGI	C	0.92%
QCOM	F	0.91%
VRTX	F	0.86%
GRMN	B	0.86%
CME	A	0.85%
ORLY	B	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
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%
ACGL	D	0.71%
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%
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%
T	A	0.57%
LMT	D	0.56%
VZ	C	0.56%
CTAS	B	0.55%
GWW	B	0.55%
ITW	B	0.54%
FAST	B	0.53%
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%
CEG	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%
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 54 Positions Relative to SKYU

Symbol	Grade	Weight
APP	B	-2.84%
LUMN	C	-2.63%
ORCL	B	-2.5%
AMZN	C	-2.23%
NTNX	A	-2.11%
ANET	C	-2.09%
IBM	C	-1.94%
PSTG	D	-1.81%
MDB	C	-1.6%
TWLO	A	-1.48%
SHOP	B	-1.45%
CSCO	B	-1.45%
TEAM	A	-1.42%
NET	B	-1.42%
HUBS	A	-1.32%
CFLT	B	-1.27%
CRM	B	-1.26%
GTLB	B	-1.2%
NOW	A	-1.14%
WK	B	-1.12%
DELL	C	-1.08%
HPE	B	-1.05%
FIVN	C	-0.98%
NTAP	C	-0.92%
RBRK	A	-0.85%
RNG	B	-0.83%
DOCN	D	-0.8%
WIX	B	-0.69%
SAP	B	-0.65%
APPN	B	-0.56%
TOST	B	-0.5%
DOCU	A	-0.43%
PAYC	B	-0.43%
QTWO	A	-0.43%
PCTY	B	-0.41%
BL	B	-0.39%
CRWD	B	-0.39%
ZM	B	-0.38%
ESTC	C	-0.37%
INTU	C	-0.36%
SMAR	A	-0.36%
SNOW	C	-0.36%
ZUO	B	-0.35%
DBX	B	-0.34%
DDOG	A	-0.34%
ASAN	C	-0.33%
ZS	C	-0.33%
BOX	B	-0.33%
BLKB	B	-0.32%
WDAY	B	-0.32%
FSLY	D	-0.32%
APPF	B	-0.31%
OTEX	D	-0.3%
SPT	C	-0.29%