FVAL vs. EFIV ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to SPDR S&P 500 ESG ETF (EFIV)

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

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.77

Average Daily Volume

109,257

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	EFIV
30 Days	3.33%	2.81%
60 Days	5.59%	4.79%
90 Days	6.82%	5.59%
12 Months	28.35%	30.64%

73 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in EFIV	Overlap
AAPL	C	6.68%	9.53%	6.68%
ABBV	D	1.11%	0.84%	0.84%
ACN	C	1.15%	0.65%	0.65%
ADM	D	0.35%	0.07%	0.07%
ADP	B	0.64%	0.35%	0.35%
ARE	D	0.16%	0.05%	0.05%
AXP	A	0.83%	0.45%	0.45%
BAC	A	1.13%	0.86%	0.86%
BMY	B	0.98%	0.33%	0.33%
BXP	D	0.18%	0.03%	0.03%
C	A	0.74%	0.37%	0.37%
CAT	B	0.77%	0.52%	0.52%
CBRE	B	0.23%	0.11%	0.11%
CF	B	0.18%	0.04%	0.04%
CI	F	0.81%	0.26%	0.26%
CMCSA	B	0.61%	0.47%	0.47%
CMI	A	0.52%	0.14%	0.14%
CNC	D	0.54%	0.09%	0.09%
COF	B	0.72%	0.2%	0.2%
CRM	B	1.46%	0.92%	0.92%
CVS	D	0.71%	0.19%	0.19%
CVX	A	0.67%	0.75%	0.67%
DAL	C	0.64%	0.12%	0.12%
DE	A	0.59%	0.28%	0.28%
DFS	B	0.68%	0.12%	0.12%
DOW	F	0.16%	0.09%	0.09%
DVN	F	0.18%	0.07%	0.07%
EBAY	D	0.51%	0.08%	0.08%
EG	C	0.5%	0.04%	0.04%
ELV	F	0.67%	0.27%	0.27%
EXC	C	0.26%	0.11%	0.11%
EXPE	B	0.66%	0.06%	0.06%
FCX	D	0.24%	0.17%	0.17%
GILD	C	0.97%	0.32%	0.32%
GM	B	0.67%	0.18%	0.18%
GOOGL	C	3.72%	2.92%	2.92%
HD	A	1.22%	1.13%	1.13%
HPE	B	0.81%	0.08%	0.08%
HST	C	0.17%	0.03%	0.03%
INTC	D	0.77%	0.3%	0.3%
JPM	A	1.84%	1.91%	1.84%
KR	B	0.43%	0.11%	0.11%
LIN	D	0.53%	0.61%	0.53%
LVS	C	0.55%	0.05%	0.05%
LYB	F	0.15%	0.06%	0.06%
MCD	D	0.84%	0.59%	0.59%
MOS	F	0.13%	0.02%	0.02%
MPC	D	0.24%	0.15%	0.15%
MRK	F	1.01%	0.7%	0.7%
MSFT	F	6.37%	8.8%	6.37%
MU	D	0.85%	0.31%	0.31%
NEE	D	0.46%	0.42%	0.42%
NEM	D	0.19%	0.13%	0.13%
NVDA	C	7.33%	10.02%	7.33%
PARA	C	0.28%	0.02%	0.02%
PCAR	B	0.53%	0.17%	0.17%
PG	A	1.08%	1.09%	1.08%
PLD	D	0.32%	0.3%	0.3%
PRU	A	0.56%	0.12%	0.12%
PSA	D	0.25%	0.15%	0.15%
QCOM	F	1.0%	0.5%	0.5%
SYF	B	0.67%	0.07%	0.07%
T	A	0.62%	0.45%	0.45%
TGT	F	0.48%	0.2%	0.2%
TRV	B	0.68%	0.16%	0.16%
UNH	C	1.69%	1.56%	1.56%
UNP	C	0.61%	0.41%	0.41%
UPS	C	0.55%	0.27%	0.27%
V	A	1.44%	1.44%	1.44%
VLO	C	0.22%	0.12%	0.12%
WMT	A	1.07%	1.03%	1.03%
WYNN	D	0.5%	0.02%	0.02%
XOM	B	1.14%	1.5%	1.14%

FVAL Overweight 51 Positions Relative to EFIV

Symbol	Grade	Weight
AMZN	C	3.88%
META	D	2.55%
BRK.A	B	2.07%
JNJ	D	1.31%
IBM	C	1.09%
WFC	A	1.08%
ZM	B	0.98%
BKNG	A	0.87%
UAL	A	0.84%
CTSH	B	0.76%
HON	B	0.68%
VZ	C	0.61%
RPRX	D	0.61%
SWKS	F	0.56%
JXN	C	0.56%
LMT	D	0.56%
MO	A	0.55%
RNR	C	0.54%
KVUE	A	0.52%
F	C	0.51%
OZK	B	0.51%
MMM	D	0.5%
G	B	0.49%
FDX	B	0.48%
RHI	B	0.44%
OC	A	0.42%
KMB	D	0.41%
COP	C	0.4%
M	D	0.39%
AGCO	D	0.38%
ACI	C	0.34%
DUK	C	0.34%
BG	F	0.32%
EOG	A	0.31%
PCG	A	0.29%
SPG	B	0.27%
ATKR	C	0.26%
NRG	B	0.26%
AEP	D	0.26%
O	D	0.23%
NFG	A	0.2%
VICI	C	0.2%
NUE	C	0.19%
STLD	B	0.18%
UGI	A	0.18%
JLL	D	0.17%
WPC	D	0.16%
GLPI	C	0.16%
CIVI	D	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 240 Positions Relative to EFIV

Symbol	Grade	Weight
TSLA	B	-2.55%
GOOG	C	-2.42%
LLY	F	-1.79%
MA	C	-1.2%
COST	B	-1.15%
KO	D	-0.68%
ADBE	C	-0.66%
CSCO	B	-0.66%
AMD	F	-0.63%
PEP	F	-0.63%
ABT	B	-0.56%
GE	D	-0.55%
DIS	B	-0.52%
GS	A	-0.52%
MS	A	-0.46%
AMGN	D	-0.45%
SPGI	C	-0.45%
LOW	D	-0.43%
DHR	F	-0.43%
UBER	D	-0.42%
AMAT	F	-0.42%
ETN	A	-0.41%
BLK	C	-0.4%
TJX	A	-0.38%
SYK	C	-0.37%
BSX	B	-0.36%
FI	A	-0.34%
SCHW	B	-0.33%
TMUS	B	-0.33%
SBUX	A	-0.32%
MMC	B	-0.31%
MDT	D	-0.31%
CB	C	-0.3%
LRCX	F	-0.27%
NKE	D	-0.26%
TT	A	-0.26%
MDLZ	F	-0.25%
PYPL	B	-0.25%
ICE	C	-0.25%
SHW	A	-0.25%
PH	A	-0.25%
AMT	D	-0.25%
REGN	F	-0.24%
EQIX	A	-0.24%
KLAC	D	-0.24%
CMG	B	-0.23%
CME	A	-0.23%
WM	A	-0.23%
PNC	B	-0.23%
AON	A	-0.23%
WELL	A	-0.22%
USB	A	-0.22%
ZTS	D	-0.22%
ITW	B	-0.21%
CL	D	-0.21%
EMR	A	-0.21%
MCO	B	-0.21%
CTAS	B	-0.21%
CSX	B	-0.2%
BDX	F	-0.19%
MAR	B	-0.19%
ADSK	A	-0.19%
WMB	A	-0.19%
APD	A	-0.19%
ECL	D	-0.18%
OKE	A	-0.18%
CARR	D	-0.18%
AJG	B	-0.18%
NSC	B	-0.17%
SLB	C	-0.17%
HLT	A	-0.17%
TFC	A	-0.17%
AFL	B	-0.16%
BK	A	-0.16%
JCI	C	-0.16%
URI	B	-0.16%
SRE	A	-0.16%
ALL	A	-0.15%
GWW	B	-0.15%
PSX	C	-0.15%
DLR	B	-0.15%
AMP	A	-0.15%
RCL	A	-0.15%
FIS	C	-0.14%
MSCI	C	-0.14%
AIG	B	-0.14%
KMI	A	-0.14%
AME	A	-0.13%
PAYX	C	-0.13%
ROST	C	-0.13%
DHI	D	-0.13%
MET	A	-0.13%
PWR	A	-0.13%
IR	B	-0.12%
TRGP	B	-0.12%
BKR	B	-0.12%
PEG	A	-0.12%
COR	B	-0.12%
AXON	A	-0.12%
RSG	A	-0.12%
SYY	B	-0.11%
KDP	D	-0.11%
ACGL	D	-0.11%
YUM	B	-0.11%
A	D	-0.11%
EA	A	-0.11%
HES	B	-0.11%
CTVA	C	-0.11%
EW	C	-0.11%
OTIS	C	-0.11%
VRSK	A	-0.11%
HIG	B	-0.1%
OXY	D	-0.1%
RMD	C	-0.1%
WAB	B	-0.1%
EXR	D	-0.1%
HUM	C	-0.1%
MTB	A	-0.1%
IDXX	F	-0.1%
HPQ	B	-0.1%
GIS	D	-0.1%
LULU	C	-0.1%
CAH	B	-0.09%
CSGP	D	-0.09%
ETR	B	-0.09%
EIX	B	-0.09%
FITB	A	-0.09%
WTW	B	-0.09%
ROK	B	-0.09%
AVB	B	-0.09%
ED	D	-0.09%
NDAQ	A	-0.09%
FANG	D	-0.09%
IRM	D	-0.09%
DECK	A	-0.08%
HSY	F	-0.08%
DOV	A	-0.08%
KHC	F	-0.08%
STT	A	-0.08%
PPG	F	-0.08%
ON	D	-0.08%
TTWO	A	-0.08%
GPN	B	-0.08%
RJF	A	-0.08%
XYL	D	-0.08%
TSCO	D	-0.08%
RF	A	-0.07%
HUBB	B	-0.07%
BIIB	F	-0.07%
CCL	B	-0.07%
SW	A	-0.07%
EQR	B	-0.07%
HBAN	A	-0.07%
EQT	B	-0.07%
MTD	D	-0.07%
AWK	D	-0.07%
CPAY	A	-0.07%
PHM	D	-0.07%
BR	A	-0.07%
TROW	B	-0.07%
HAL	C	-0.07%
VTR	C	-0.07%
FTV	C	-0.07%
OMC	C	-0.06%
CBOE	B	-0.06%
WDC	D	-0.06%
CFG	B	-0.06%
NTRS	A	-0.06%
ES	D	-0.06%
K	A	-0.06%
ZBH	C	-0.06%
WY	D	-0.06%
IFF	D	-0.06%
WAT	B	-0.06%
SBAC	D	-0.06%
AVY	D	-0.05%
KIM	A	-0.05%
BAX	D	-0.05%
GPC	D	-0.05%
MAS	D	-0.05%
PNR	A	-0.05%
KEY	B	-0.05%
IEX	B	-0.05%
BBY	D	-0.05%
TSN	B	-0.05%
DGX	A	-0.05%
FDS	B	-0.05%
HOLX	D	-0.05%
PFG	D	-0.05%
ULTA	F	-0.05%
BALL	D	-0.05%
MKC	D	-0.05%
JKHY	D	-0.04%
ALB	C	-0.04%
INCY	C	-0.04%
POOL	C	-0.04%
CHRW	C	-0.04%
SWK	D	-0.04%
CAG	D	-0.04%
AKAM	D	-0.04%
UDR	B	-0.04%
MRNA	F	-0.04%
AMCR	D	-0.04%
EL	F	-0.04%
RVTY	F	-0.04%
APTV	D	-0.04%
JBHT	C	-0.04%
DOC	D	-0.04%
TFX	F	-0.03%
GL	B	-0.03%
MKTX	D	-0.03%
LKQ	D	-0.03%
NWSA	B	-0.03%
CRL	C	-0.03%
IPG	D	-0.03%
AIZ	A	-0.03%
TAP	C	-0.03%
LW	C	-0.03%
SJM	D	-0.03%
TPR	B	-0.03%
NCLH	B	-0.03%
REG	B	-0.03%
KMX	B	-0.03%
ALLE	D	-0.03%
DAY	B	-0.03%
WBA	F	-0.02%
BEN	C	-0.02%
FMC	D	-0.02%
DVA	B	-0.02%
MHK	D	-0.02%
BWA	D	-0.02%
IVZ	B	-0.02%
RL	B	-0.02%
HAS	D	-0.02%
CZR	F	-0.02%
FRT	B	-0.02%
CPB	D	-0.02%
MGM	D	-0.02%
HRL	D	-0.02%
NWS	B	-0.01%