FVAL vs. CSM ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to ProShares Large Cap Core Plus (CSM)

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$60.77

Average Daily Volume

60,509

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.32

Average Daily Volume

6,508

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	CSM
30 Days	4.67%	4.80%
60 Days	10.40%	11.72%
90 Days	4.82%	4.34%
12 Months	30.90%	36.42%

74 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in CSM	Overlap
AAPL	C	6.97%	4.74%	4.74%
ABBV	C	1.35%	0.41%	0.41%
ACN	B	1.17%	0.05%	0.05%
AMZN	C	3.71%	2.42%	2.42%
ARE	D	0.19%	0.04%	0.04%
BAC	B	0.98%	0.27%	0.27%
BG	F	0.36%	0.27%	0.27%
BMY	A	0.91%	0.46%	0.46%
BRK.A	B	2.08%	1.01%	1.01%
CAT	A	0.8%	0.11%	0.11%
CBRE	C	0.23%	0.33%	0.23%
CI	D	0.9%	0.42%	0.42%
CMCSA	B	0.61%	0.22%	0.22%
CNC	F	0.73%	0.35%	0.35%
COF	A	0.6%	0.23%	0.23%
CRM	B	1.28%	0.72%	0.72%
CTSH	B	0.78%	0.35%	0.35%
CVS	D	0.84%	0.3%	0.3%
CVX	B	0.62%	0.15%	0.15%
DFS	A	0.55%	0.15%	0.15%
DVN	F	0.18%	0.31%	0.18%
EBAY	A	0.55%	0.14%	0.14%
EG	A	0.54%	0.29%	0.29%
EXC	C	0.27%	0.31%	0.27%
F	D	0.51%	0.15%	0.15%
FCX	B	0.3%	0.15%	0.15%
FDX	F	0.45%	0.28%	0.28%
GILD	A	0.94%	0.44%	0.44%
GM	D	0.56%	0.35%	0.35%
GOOGL	B	3.64%	1.19%	1.19%
HD	A	1.23%	0.31%	0.31%
HST	D	0.18%	0.33%	0.18%
IBM	A	1.21%	0.17%	0.17%
INTC	D	0.77%	0.25%	0.25%
JNJ	D	1.42%	0.44%	0.44%
JPM	C	1.63%	0.64%	0.64%
KMB	D	0.45%	0.36%	0.36%
KR	C	0.43%	0.37%	0.37%
LIN	C	0.58%	0.09%	0.09%
LMT	A	0.63%	0.47%	0.47%
LVS	B	0.61%	0.04%	0.04%
LYB	B	0.18%	0.33%	0.18%
MCD	A	0.9%	0.04%	0.04%
META	A	2.69%	1.63%	1.63%
MRK	F	1.23%	0.73%	0.73%
MSFT	D	6.76%	4.59%	4.59%
MU	D	0.97%	0.53%	0.53%
NEM	C	0.26%	0.07%	0.07%
NRG	A	0.27%	0.35%	0.27%
NUE	D	0.2%	0.09%	0.09%
NVDA	B	6.45%	4.42%	4.42%
PARA	F	0.29%	0.2%	0.2%
PCG	C	0.28%	0.28%	0.28%
PG	D	1.14%	0.44%	0.44%
PLD	D	0.36%	0.37%	0.36%
PRU	B	0.55%	0.29%	0.29%
PSA	C	0.28%	0.16%	0.16%
QCOM	D	1.09%	0.14%	0.14%
SPG	A	0.26%	0.14%	0.14%
STLD	C	0.17%	0.13%	0.13%
SWKS	F	0.68%	0.26%	0.26%
SYF	A	0.52%	0.33%	0.33%
T	B	0.62%	0.2%	0.2%
TGT	C	0.5%	0.36%	0.36%
TRV	B	0.63%	0.1%	0.1%
UAL	A	0.55%	0.29%	0.29%
UNH	B	1.71%	0.56%	0.56%
V	B	1.31%	0.39%	0.39%
VLO	F	0.22%	0.08%	0.08%
VZ	C	0.67%	0.06%	0.06%
WFC	B	0.84%	0.13%	0.13%
WMT	A	1.04%	0.24%	0.24%
WYNN	B	0.55%	0.34%	0.34%
XOM	A	1.14%	0.53%	0.53%

FVAL Overweight 50 Positions Relative to CSM

Symbol	Grade	Weight
ELV	F	0.9%
ZM	B	0.87%
AXP	A	0.81%
HPE	B	0.79%
BKNG	B	0.77%
C	B	0.69%
RPRX	D	0.69%
UNP	F	0.66%
HON	C	0.64%
DE	C	0.64%
ADP	A	0.6%
RNR	A	0.58%
UPS	D	0.57%
EXPE	B	0.56%
MMM	C	0.55%
DAL	C	0.53%
NEE	C	0.53%
KVUE	C	0.52%
MO	D	0.52%
JXN	A	0.52%
PCAR	D	0.48%
CMI	A	0.48%
OZK	D	0.45%
G	A	0.44%
AGCO	D	0.41%
RHI	D	0.41%
M	D	0.4%
ADM	F	0.4%
COP	D	0.39%
OC	C	0.38%
DUK	C	0.36%
ACI	F	0.34%
AEP	C	0.29%
EOG	B	0.29%
O	C	0.26%
MPC	D	0.26%
ATKR	F	0.25%
VICI	C	0.22%
DOW	B	0.21%
NFG	A	0.2%
BXP	B	0.19%
UGI	C	0.19%
JLL	C	0.18%
CF	A	0.18%
WPC	C	0.18%
GLPI	C	0.17%
MOS	F	0.14%
MUR	F	0.14%
CLF	D	0.13%
CIVI	F	0.13%

FVAL Underweight 233 Positions Relative to CSM

Symbol	Grade	Weight
AVGO	B	-1.34%
LLY	D	-1.07%
GOOG	B	-0.97%
TSLA	C	-0.77%
TMO	D	-0.66%
GE	B	-0.6%
INTU	F	-0.55%
TJX	D	-0.5%
UBER	C	-0.46%
VRTX	D	-0.46%
TT	A	-0.45%
TMUS	A	-0.45%
SNPS	F	-0.42%
NFLX	A	-0.41%
ETN	B	-0.4%
BDX	C	-0.4%
CME	A	-0.4%
NOC	B	-0.4%
RCL	B	-0.39%
APH	D	-0.38%
EL	D	-0.38%
MCK	F	-0.37%
LEN	C	-0.37%
TEL	D	-0.37%
ALL	A	-0.37%
MA	A	-0.37%
EMR	B	-0.37%
AME	C	-0.36%
ACGL	A	-0.36%
HWM	A	-0.36%
EIX	C	-0.35%
WY	C	-0.35%
EMN	C	-0.35%
PEP	F	-0.35%
HIG	A	-0.35%
MTD	C	-0.35%
PHM	C	-0.35%
OTIS	A	-0.35%
CCL	C	-0.35%
APD	C	-0.35%
FANG	D	-0.34%
A	B	-0.34%
STX	C	-0.34%
NCLH	C	-0.34%
RJF	B	-0.34%
TROW	D	-0.34%
TRGP	A	-0.34%
ETR	A	-0.34%
XEL	C	-0.34%
CDNS	D	-0.34%
LYV	A	-0.34%
SWK	C	-0.34%
PH	A	-0.33%
AAL	D	-0.33%
FFIV	B	-0.33%
BRO	A	-0.33%
GDDY	B	-0.33%
COST	C	-0.33%
HPQ	B	-0.33%
DTE	B	-0.33%
BKR	B	-0.33%
AVB	C	-0.33%
LDOS	A	-0.33%
RSG	D	-0.33%
IVZ	A	-0.33%
GRMN	D	-0.32%
PNR	C	-0.32%
AIZ	B	-0.32%
EQR	C	-0.32%
IR	A	-0.32%
CAH	B	-0.32%
VTR	C	-0.32%
ANET	A	-0.32%
RL	B	-0.32%
CE	D	-0.32%
UHS	D	-0.32%
SNA	C	-0.32%
CNP	B	-0.32%
HII	F	-0.31%
SLB	D	-0.31%
INCY	B	-0.31%
CPT	C	-0.31%
CBOE	B	-0.31%
L	C	-0.31%
TAP	D	-0.31%
BAX	D	-0.31%
BEN	F	-0.31%
MAR	A	-0.3%
XYL	C	-0.3%
QRVO	F	-0.3%
BBY	C	-0.3%
INVH	D	-0.3%
BK	A	-0.3%
TSN	D	-0.3%
MAA	D	-0.29%
IQV	F	-0.29%
FRT	D	-0.29%
MTB	A	-0.29%
APTV	D	-0.28%
SO	A	-0.28%
CRL	F	-0.28%
FTNT	A	-0.28%
DHI	C	-0.28%
IEX	D	-0.28%
LULU	D	-0.27%
STE	D	-0.27%
ROL	C	-0.27%
MDT	C	-0.27%
TFX	C	-0.27%
VTRS	D	-0.27%
TXT	F	-0.27%
AES	C	-0.27%
ATO	A	-0.26%
DG	F	-0.26%
AMAT	C	-0.26%
NTRS	B	-0.26%
EQIX	C	-0.26%
PPG	D	-0.26%
VRSN	C	-0.26%
WELL	C	-0.25%
FOXA	B	-0.25%
HBAN	B	-0.25%
CSX	D	-0.25%
WDC	C	-0.25%
MET	A	-0.25%
WAB	A	-0.25%
PAYC	D	-0.25%
PYPL	A	-0.24%
OMC	C	-0.24%
HAL	D	-0.23%
GL	C	-0.23%
AKAM	D	-0.23%
GEHC	C	-0.23%
ADBE	F	-0.23%
APA	F	-0.23%
MSI	A	-0.22%
LRCX	D	-0.21%
RMD	C	-0.21%
SJM	D	-0.2%
NI	A	-0.2%
ABNB	D	-0.2%
MOH	F	-0.19%
AMD	C	-0.19%
MGM	D	-0.19%
ZTS	C	-0.18%
HCA	C	-0.18%
EA	D	-0.18%
PANW	B	-0.18%
CSCO	A	-0.17%
CFG	C	-0.17%
BIIB	F	-0.17%
BLDR	C	-0.17%
TPR	B	-0.16%
OKE	A	-0.16%
BX	C	-0.16%
BWA	C	-0.16%
CRWD	D	-0.16%
GPC	D	-0.16%
KO	C	-0.15%
ADSK	B	-0.15%
PNW	C	-0.14%
WTW	C	-0.14%
SYY	D	-0.14%
PFE	D	-0.14%
FITB	C	-0.14%
KDP	C	-0.14%
MSCI	B	-0.14%
WBA	F	-0.14%
KHC	F	-0.13%
URI	C	-0.13%
BR	B	-0.13%
JKHY	A	-0.13%
IPG	D	-0.13%
PSX	D	-0.13%
ON	F	-0.13%
HES	D	-0.13%
ALLE	A	-0.12%
CAG	D	-0.12%
NWSA	D	-0.12%
HOLX	D	-0.12%
ROP	D	-0.12%
NOW	B	-0.12%
TDY	A	-0.12%
ORCL	A	-0.11%
CPB	D	-0.11%
LKQ	F	-0.11%
FE	C	-0.11%
FSLR	C	-0.11%
PFG	A	-0.11%
DIS	D	-0.1%
CTVA	A	-0.1%
KMI	A	-0.1%
BBWI	F	-0.09%
LNT	B	-0.09%
MTCH	B	-0.09%
DOC	C	-0.08%
JBL	C	-0.08%
DXCM	F	-0.08%
ISRG	C	-0.08%
WRB	C	-0.08%
FIS	A	-0.07%
PAYX	B	-0.07%
DLR	C	-0.07%
FTV	C	-0.07%
DAY	C	-0.07%
AOS	C	-0.07%
DPZ	D	-0.06%
SMCI	F	-0.06%
ABT	C	-0.06%
PGR	B	-0.06%
CHD	D	-0.06%
CLX	C	-0.06%
MKC	C	-0.06%
HRL	F	-0.06%
MNST	D	-0.06%
LOW	C	-0.05%
RF	B	-0.05%
MAS	C	-0.05%
PM	D	-0.04%
WM	B	-0.04%
DHR	D	-0.04%
FAST	C	-0.04%
CSGP	F	-0.04%
PTC	B	-0.04%
MMC	D	-0.04%
EPAM	F	-0.04%
TRMB	B	-0.04%
AMGN	D	-0.04%
J	F	-0.04%
FDS	C	-0.04%
ROST	D	-0.04%
PKG	B	-0.04%
CMG	C	-0.04%