FQAL vs. SPHB ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to PowerShares S&P 500 High Beta Portfolio (SPHB)

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

$64.61

Average Daily Volume

30,621

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

SPHB

PowerShares S&P 500 High Beta Portfolio

SPHB Description

The PowerShares S&P 500 High Beta Portfolio (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a security's price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$89.57

Average Daily Volume

423,565

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	SPHB
30 Days	2.26%	6.25%
60 Days	5.40%	4.99%
90 Days	5.70%	6.25%
12 Months	32.29%	29.16%

19 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in SPHB	Overlap
ABNB	D	0.75%	0.95%	0.75%
ADBE	F	1.03%	0.79%	0.79%
AMAT	D	0.92%	1.25%	0.92%
AVGO	C	2.07%	1.52%	1.52%
BKNG	B	1.0%	0.83%	0.83%
BX	C	0.94%	1.07%	0.94%
CEG	C	0.34%	0.92%	0.34%
CPRT	D	0.45%	0.72%	0.45%
FCX	C	0.26%	0.84%	0.26%
FICO	B	0.83%	0.83%	0.83%
IDXX	D	0.84%	0.85%	0.84%
KLAC	D	0.82%	1.27%	0.82%
LRCX	D	0.77%	1.26%	0.77%
META	B	2.58%	1.16%	1.16%
MLM	D	0.19%	0.68%	0.19%
NVDA	C	6.13%	1.65%	1.65%
PANW	D	0.85%	0.89%	0.85%
QCOM	D	1.01%	1.13%	1.01%
VST	B	0.29%	0.95%	0.29%

FQAL Overweight 105 Positions Relative to SPHB

Symbol	Grade	Weight
AAPL	C	6.87%
MSFT	C	6.8%
GOOGL	D	3.54%
LLY	D	2.16%
V	C	1.52%
JNJ	C	1.47%
HD	B	1.46%
MA	B	1.43%
ABBV	B	1.37%
XOM	D	1.15%
MCD	B	1.14%
ACN	C	1.02%
COST	C	1.02%
PGR	C	1.02%
LOW	B	1.01%
PG	C	1.01%
SPGI	C	0.98%
GILD	B	0.97%
BMY	C	0.91%
ZTS	B	0.91%
VRTX	D	0.9%
VEEV	C	0.86%
NFLX	B	0.84%
CME	B	0.83%
MCO	C	0.81%
ORLY	B	0.79%
ACGL	B	0.79%
AMP	B	0.78%
KO	B	0.77%
CAT	B	0.76%
AZO	B	0.75%
GRMN	D	0.73%
YUM	B	0.73%
MTD	C	0.73%
WSM	C	0.73%
CPAY	B	0.72%
MSCI	C	0.71%
JXN	B	0.69%
MEDP	F	0.69%
DPZ	D	0.68%
UNP	D	0.66%
CBSH	D	0.65%
KNSL	D	0.65%
CFR	C	0.65%
EWBC	C	0.64%
CVX	F	0.63%
ADP	C	0.61%
VZ	A	0.61%
LMT	A	0.61%
PM	C	0.6%
LIN	B	0.56%
QLYS	D	0.55%
TDG	B	0.55%
T	B	0.55%
CTAS	C	0.53%
MMM	B	0.53%
NEE	B	0.52%
ITW	B	0.52%
CSX	C	0.5%
GWW	B	0.49%
FAST	C	0.47%
PAYX	C	0.47%
AME	C	0.47%
VRSK	D	0.45%
OTIS	B	0.45%
MDLZ	C	0.45%
ODFL	D	0.44%
COP	F	0.41%
CL	C	0.4%
MO	C	0.4%
TTD	B	0.39%
SO	B	0.37%
PLD	C	0.35%
AMT	C	0.33%
KMB	C	0.33%
SHW	B	0.31%
MNST	D	0.31%
EOG	D	0.3%
HSY	D	0.29%
WMB	C	0.28%
ECL	B	0.26%
LNG	D	0.25%
PSA	C	0.25%
WEC	B	0.25%
NRG	B	0.24%
O	B	0.23%
SPG	B	0.23%
TPL	C	0.22%
EXR	C	0.21%
NFG	B	0.2%
VICI	C	0.19%
NUE	D	0.19%
AVB	C	0.19%
UGI	B	0.19%
AM	B	0.18%
EQR	C	0.18%
ESS	C	0.17%
CF	B	0.17%
WHD	D	0.17%
SBAC	C	0.17%
RS	D	0.16%
AVY	C	0.16%
EXP	B	0.16%
RGLD	C	0.15%
GLPI	C	0.15%

FQAL Underweight 81 Positions Relative to SPHB

Symbol	Grade	Weight
SMCI	F	-2.02%
MPWR	B	-1.68%
AMD	C	-1.66%
BLDR	C	-1.53%
TER	C	-1.45%
TSLA	C	-1.44%
ENPH	D	-1.33%
CZR	C	-1.32%
ALB	D	-1.31%
ANET	C	-1.3%
CRWD	D	-1.27%
CCL	C	-1.26%
ON	D	-1.24%
NCLH	B	-1.24%
ALGN	D	-1.21%
URI	B	-1.17%
MCHP	D	-1.11%
MU	D	-1.09%
GNRC	D	-1.08%
WDC	C	-1.08%
CDNS	D	-1.08%
ORCL	B	-1.05%
FSLR	C	-1.05%
BXP	C	-1.05%
NXPI	D	-1.04%
KKR	B	-1.03%
SNPS	F	-1.03%
CARR	B	-1.02%
PWR	B	-1.0%
UBER	C	-1.0%
NOW	C	-0.99%
AMZN	C	-0.99%
PODD	C	-0.95%
ETN	C	-0.95%
AAL	D	-0.94%
JBL	C	-0.94%
PHM	B	-0.94%
RCL	B	-0.93%
HUBB	B	-0.93%
ADSK	B	-0.93%
PYPL	B	-0.93%
UAL	B	-0.93%
DAY	D	-0.92%
KEYS	B	-0.92%
ADI	C	-0.91%
PH	B	-0.89%
ZBRA	B	-0.89%
SWKS	F	-0.89%
MHK	B	-0.87%
ARE	C	-0.87%
QRVO	F	-0.86%
AES	C	-0.86%
CRM	C	-0.86%
DHI	C	-0.86%
EFX	C	-0.85%
INTU	D	-0.85%
LEN	B	-0.85%
DECK	C	-0.84%
INTC	D	-0.84%
CRL	F	-0.83%
LW	D	-0.83%
KEY	C	-0.82%
GE	C	-0.82%
ISRG	C	-0.82%
ROK	D	-0.81%
KMX	D	-0.8%
RMD	C	-0.8%
LULU	D	-0.8%
ANSS	D	-0.79%
IVZ	B	-0.78%
GOOG	D	-0.78%
WBD	D	-0.77%
APH	C	-0.76%
MGM	D	-0.76%
IQV	D	-0.76%
TXN	B	-0.76%
APTV	D	-0.76%
TROW	C	-0.75%
ETSY	D	-0.74%
BBWI	D	-0.69%
EPAM	F	-0.66%