FVAL vs. FDMO ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Fidelity Momentum Factor ETF (FDMO)

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

$60.37

Average Daily Volume

53,830

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FDMO

Fidelity Momentum Factor ETF

FDMO Description

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

Grade (RS Rating)

Last Trade

$65.97

Average Daily Volume

41,989

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	FDMO
30 Days	2.57%	3.55%
60 Days	3.41%	6.04%
90 Days	5.27%	3.73%
12 Months	28.08%	41.77%

35 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in FDMO	Overlap
ABBV	B	1.35%	1.32%	1.32%
AEP	C	0.29%	0.25%	0.25%
AMZN	C	3.76%	3.69%	3.69%
AXP	B	0.81%	0.75%	0.75%
BAC	D	1.03%	0.96%	0.96%
BKNG	B	0.73%	0.72%	0.72%
BRK.A	C	2.1%	2.01%	2.01%
C	C	0.71%	0.65%	0.65%
CAT	B	0.77%	0.74%	0.74%
DUK	B	0.36%	0.32%	0.32%
ELV	D	0.93%	0.91%	0.91%
FCX	C	0.26%	0.25%	0.25%
GOOGL	D	3.62%	3.48%	3.48%
HD	B	1.21%	1.19%	1.19%
JPM	D	1.64%	1.56%	1.56%
JXN	B	0.53%	0.47%	0.47%
LIN	B	0.57%	0.55%	0.55%
META	B	2.66%	2.54%	2.54%
MPC	F	0.27%	0.32%	0.27%
MRK	F	1.27%	1.24%	1.24%
MSFT	C	6.97%	7.28%	6.97%
MU	D	0.81%	1.17%	0.81%
NEE	B	0.52%	0.48%	0.48%
NRG	B	0.24%	0.2%	0.2%
NVDA	C	6.3%	6.63%	6.3%
PG	C	1.13%	0.99%	0.99%
PSA	C	0.28%	0.25%	0.25%
SPG	B	0.26%	0.24%	0.24%
STLD	C	0.16%	0.15%	0.15%
T	B	0.61%	0.53%	0.53%
V	C	1.37%	1.3%	1.3%
VZ	A	0.66%	0.58%	0.58%
WFC	D	0.84%	0.78%	0.78%
WMT	B	1.03%	0.88%	0.88%
XOM	D	1.15%	1.19%	1.15%

FVAL Overweight 89 Positions Relative to FDMO

Symbol	Grade	Weight
AAPL	C	7.04%
UNH	C	1.7%
JNJ	C	1.46%
CRM	C	1.24%
IBM	B	1.18%
ACN	C	1.13%
QCOM	D	1.12%
GILD	B	0.95%
CI	C	0.93%
BMY	C	0.89%
MCD	B	0.88%
ZM	C	0.84%
CVS	D	0.8%
CTSH	B	0.77%
HPE	C	0.75%
CNC	D	0.74%
INTC	D	0.69%
RPRX	C	0.69%
SWKS	F	0.68%
UNP	D	0.67%
TRV	C	0.64%
CVX	F	0.63%
HON	C	0.63%
DE	A	0.63%
ADP	C	0.62%
LMT	A	0.62%
COF	B	0.62%
CMCSA	C	0.59%
GM	C	0.59%
DFS	C	0.57%
PRU	C	0.56%
UPS	D	0.56%
RNR	B	0.56%
EBAY	B	0.55%
EG	B	0.54%
MMM	B	0.54%
EXPE	C	0.54%
SYF	C	0.54%
MO	C	0.52%
F	F	0.52%
FDX	D	0.51%
TGT	C	0.51%
KVUE	B	0.51%
UAL	B	0.5%
LVS	C	0.5%
PCAR	D	0.49%
OZK	F	0.48%
DAL	C	0.48%
CMI	B	0.46%
WYNN	C	0.45%
G	C	0.44%
KMB	C	0.44%
KR	B	0.42%
ADM	D	0.42%
AGCO	D	0.41%
RHI	D	0.41%
COP	F	0.41%
OC	C	0.4%
M	F	0.4%
BG	F	0.37%
PLD	C	0.37%
ACI	F	0.34%
EOG	D	0.3%
PCG	C	0.28%
PARA	D	0.28%
EXC	B	0.27%
ATKR	F	0.27%
NEM	C	0.26%
O	B	0.25%
CBRE	B	0.23%
VLO	F	0.23%
VICI	C	0.22%
NUE	D	0.2%
NFG	B	0.2%
DOW	C	0.2%
ARE	C	0.19%
BXP	C	0.19%
UGI	B	0.19%
DVN	F	0.19%
GLPI	C	0.18%
CF	B	0.18%
JLL	B	0.18%
LYB	D	0.18%
HST	D	0.18%
WPC	C	0.18%
MUR	F	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 88 Positions Relative to FDMO

Symbol	Grade	Weight
AVGO	C	-2.64%
LLY	D	-2.1%
APP	C	-1.89%
CRWD	D	-1.51%
ANET	C	-1.44%
AMAT	D	-1.43%
KLAC	D	-1.34%
APH	C	-1.33%
GDDY	C	-1.31%
DELL	C	-1.28%
ISRG	C	-1.05%
AMGN	D	-1.01%
COST	C	-1.0%
BSX	B	-0.97%
REGN	D	-0.93%
NTRA	C	-0.85%
NFLX	B	-0.81%
THC	C	-0.79%
PGR	C	-0.78%
SMCI	F	-0.77%
GE	C	-0.77%
KO	B	-0.75%
GS	B	-0.73%
UBER	C	-0.73%
TJX	C	-0.69%
CB	B	-0.67%
RTX	B	-0.66%
MCK	F	-0.66%
KKR	B	-0.64%
ETN	C	-0.64%
CMG	D	-0.61%
PM	C	-0.58%
HLT	B	-0.57%
TT	B	-0.57%
ALL	C	-0.55%
CVNA	B	-0.53%
TDG	B	-0.53%
WING	C	-0.51%
CTAS	C	-0.51%
HIG	B	-0.51%
GD	C	-0.5%
HOOD	C	-0.5%
VRT	C	-0.5%
WM	D	-0.49%
WSM	C	-0.48%
DECK	C	-0.47%
EME	B	-0.46%
WAB	B	-0.46%
RSG	D	-0.44%
FIX	B	-0.44%
TMUS	B	-0.43%
ANF	D	-0.43%
LDOS	A	-0.42%
CSL	B	-0.42%
CL	C	-0.39%
COIN	F	-0.39%
OKE	C	-0.35%
SO	B	-0.34%
AMT	C	-0.33%
WMB	C	-0.33%
TRGP	C	-0.31%
PSX	F	-0.31%
SHW	B	-0.3%
CEG	C	-0.3%
WELL	C	-0.28%
EQIX	B	-0.28%
FRPT	C	-0.27%
SFM	B	-0.26%
FANG	F	-0.26%
ECL	B	-0.25%
PEG	B	-0.24%
VST	B	-0.24%
CASY	D	-0.24%
FTI	D	-0.22%
DLR	B	-0.22%
EXR	C	-0.21%
WFRD	F	-0.2%
IRM	C	-0.19%
AVB	C	-0.19%
IFF	A	-0.18%
MLM	D	-0.18%
PKG	B	-0.17%
ELF	F	-0.17%
ESS	C	-0.17%
LAMR	B	-0.16%
AVY	C	-0.15%
SLG	C	-0.14%
CRS	C	-0.14%