FVAL vs. FEX ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to First Trust Large Cap Core AlphaDEX (FEX)

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

FEX

First Trust Large Cap Core AlphaDEX

FEX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$111.95

Average Daily Volume

18,528

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	FEX
30 Days	3.33%	6.62%
60 Days	5.59%	8.07%
90 Days	6.82%	10.60%
12 Months	28.35%	33.47%

81 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in FEX	Overlap
AAPL	C	6.68%	0.17%	0.17%
ACN	C	1.15%	0.08%	0.08%
ADM	D	0.35%	0.37%	0.35%
AEP	D	0.26%	0.32%	0.26%
AMZN	C	3.88%	0.09%	0.09%
ARE	D	0.16%	0.15%	0.15%
AXP	A	0.83%	0.45%	0.45%
BAC	A	1.13%	0.3%	0.3%
BG	F	0.32%	0.4%	0.32%
BKNG	A	0.87%	0.3%	0.3%
BRK.A	B	2.07%	0.26%	0.26%
C	A	0.74%	0.37%	0.37%
CAT	B	0.77%	0.25%	0.25%
CF	B	0.18%	0.43%	0.18%
CI	F	0.81%	0.16%	0.16%
CMCSA	B	0.61%	0.44%	0.44%
CMI	A	0.52%	0.19%	0.19%
CNC	D	0.54%	0.33%	0.33%
COF	B	0.72%	0.41%	0.41%
COP	C	0.4%	0.46%	0.4%
CTSH	B	0.76%	0.42%	0.42%
CVS	D	0.71%	0.38%	0.38%
CVX	A	0.67%	0.46%	0.46%
DAL	C	0.64%	0.53%	0.53%
DE	A	0.59%	0.25%	0.25%
DOW	F	0.16%	0.21%	0.16%
DUK	C	0.34%	0.33%	0.33%
DVN	F	0.18%	0.42%	0.18%
EBAY	D	0.51%	0.32%	0.32%
EG	C	0.5%	0.4%	0.4%
ELV	F	0.67%	0.2%	0.2%
EOG	A	0.31%	0.47%	0.31%
EXC	C	0.26%	0.33%	0.26%
EXPE	B	0.66%	0.52%	0.52%
F	C	0.51%	0.45%	0.45%
FCX	D	0.24%	0.07%	0.07%
FDX	B	0.48%	0.37%	0.37%
GLPI	C	0.16%	0.08%	0.08%
GM	B	0.67%	0.53%	0.53%
GOOGL	C	3.72%	0.09%	0.09%
HD	A	1.22%	0.09%	0.09%
HPE	B	0.81%	0.44%	0.44%
IBM	C	1.09%	0.32%	0.32%
INTC	D	0.77%	0.36%	0.36%
JNJ	D	1.31%	0.24%	0.24%
JPM	A	1.84%	0.3%	0.3%
KMB	D	0.41%	0.08%	0.08%
KR	B	0.43%	0.34%	0.34%
LMT	D	0.56%	0.08%	0.08%
LVS	C	0.55%	0.17%	0.17%
LYB	F	0.15%	0.37%	0.15%
MCD	D	0.84%	0.08%	0.08%
META	D	2.55%	0.33%	0.33%
MO	A	0.55%	0.09%	0.09%
MPC	D	0.24%	0.42%	0.24%
MU	D	0.85%	0.08%	0.08%
NEE	D	0.46%	0.31%	0.31%
NRG	B	0.26%	0.43%	0.26%
NUE	C	0.19%	0.41%	0.19%
NVDA	C	7.33%	0.29%	0.29%
O	D	0.23%	0.15%	0.15%
OC	A	0.42%	0.47%	0.42%
PCAR	B	0.53%	0.48%	0.48%
PCG	A	0.29%	0.27%	0.27%
PRU	A	0.56%	0.18%	0.18%
PSA	D	0.25%	0.24%	0.24%
SPG	B	0.27%	0.18%	0.18%
STLD	B	0.18%	0.47%	0.18%
SWKS	F	0.56%	0.36%	0.36%
SYF	B	0.67%	0.54%	0.54%
T	A	0.62%	0.44%	0.44%
TGT	F	0.48%	0.34%	0.34%
TRV	B	0.68%	0.28%	0.28%
UAL	A	0.84%	0.67%	0.67%
UPS	C	0.55%	0.17%	0.17%
VICI	C	0.2%	0.08%	0.08%
VLO	C	0.22%	0.45%	0.22%
VZ	C	0.61%	0.32%	0.32%
WFC	A	1.08%	0.44%	0.44%
XOM	B	1.14%	0.43%	0.43%
ZM	B	0.98%	0.29%	0.29%

FVAL Overweight 43 Positions Relative to FEX

Symbol	Grade	Weight
MSFT	F	6.37%
UNH	C	1.69%
CRM	B	1.46%
V	A	1.44%
ABBV	D	1.11%
PG	A	1.08%
WMT	A	1.07%
MRK	F	1.01%
QCOM	F	1.0%
BMY	B	0.98%
GILD	C	0.97%
DFS	B	0.68%
HON	B	0.68%
ADP	B	0.64%
RPRX	D	0.61%
UNP	C	0.61%
JXN	C	0.56%
RNR	C	0.54%
LIN	D	0.53%
KVUE	A	0.52%
OZK	B	0.51%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
RHI	B	0.44%
M	D	0.39%
AGCO	D	0.38%
ACI	C	0.34%
PLD	D	0.32%
PARA	C	0.28%
ATKR	C	0.26%
CBRE	B	0.23%
NFG	A	0.2%
NEM	D	0.19%
BXP	D	0.18%
UGI	A	0.18%
HST	C	0.17%
JLL	D	0.17%
WPC	D	0.16%
CIVI	D	0.13%
MOS	F	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 292 Positions Relative to FEX

Symbol	Grade	Weight
APP	B	-0.97%
PLTR	B	-0.7%
AXON	A	-0.64%
RCL	A	-0.55%
SNA	A	-0.52%
VRT	B	-0.52%
VST	B	-0.52%
FICO	B	-0.5%
GS	A	-0.5%
EME	C	-0.49%
KKR	A	-0.49%
CVNA	B	-0.48%
HWM	A	-0.48%
PWR	A	-0.47%
CINF	A	-0.47%
WAB	B	-0.46%
TRGP	B	-0.46%
TROW	B	-0.46%
CTRA	B	-0.46%
BK	A	-0.46%
TT	A	-0.45%
ALL	A	-0.45%
FANG	D	-0.45%
CCL	B	-0.45%
FOXA	B	-0.45%
RS	B	-0.45%
URI	B	-0.44%
HEI	B	-0.44%
BURL	A	-0.44%
SLB	C	-0.44%
HAL	C	-0.44%
KMI	A	-0.43%
PGR	A	-0.43%
TOL	B	-0.42%
OXY	D	-0.42%
CPNG	D	-0.42%
PSX	C	-0.42%
UTHR	C	-0.42%
MTB	A	-0.41%
EQT	B	-0.41%
DASH	A	-0.41%
HBAN	A	-0.41%
LYV	A	-0.41%
IRM	D	-0.41%
GDDY	A	-0.4%
IP	B	-0.4%
FI	A	-0.4%
TPL	A	-0.4%
BKR	B	-0.4%
FCNCA	A	-0.4%
LNG	B	-0.4%
ON	D	-0.39%
TMUS	B	-0.39%
RBLX	C	-0.39%
THC	D	-0.39%
SRE	A	-0.38%
LEN	D	-0.38%
PHM	D	-0.38%
VTRS	A	-0.38%
HOOD	B	-0.38%
CFG	B	-0.38%
ETR	B	-0.38%
PM	B	-0.37%
ORCL	B	-0.37%
MSI	B	-0.37%
PH	A	-0.37%
CTAS	B	-0.36%
AEE	A	-0.36%
CRBG	B	-0.36%
DHI	D	-0.36%
CNP	B	-0.36%
ATO	A	-0.36%
BRO	B	-0.36%
NI	A	-0.36%
GEN	B	-0.36%
L	A	-0.36%
XEL	A	-0.36%
LII	A	-0.35%
HCA	F	-0.35%
COST	B	-0.35%
AIG	B	-0.35%
DGX	A	-0.35%
ZBH	C	-0.35%
VTR	C	-0.34%
CB	C	-0.34%
AFL	B	-0.34%
ALLY	C	-0.34%
HIG	B	-0.34%
MS	A	-0.33%
ANET	C	-0.33%
RMD	C	-0.33%
DTE	C	-0.32%
TXT	D	-0.32%
GE	D	-0.32%
ERIE	D	-0.32%
AMP	A	-0.31%
NTRS	A	-0.31%
ULTA	F	-0.31%
DG	F	-0.31%
APTV	D	-0.31%
BLDR	D	-0.31%
OKE	A	-0.31%
ED	D	-0.31%
CEG	D	-0.3%
FTNT	C	-0.3%
CHTR	C	-0.3%
GRMN	B	-0.3%
NFLX	A	-0.3%
NOW	A	-0.29%
ALNY	D	-0.29%
GWW	B	-0.29%
RF	A	-0.29%
AKAM	D	-0.29%
BAH	F	-0.29%
ACGL	D	-0.29%
STT	A	-0.28%
LUV	C	-0.28%
FITB	A	-0.28%
PKG	A	-0.28%
USB	A	-0.28%
FSLR	F	-0.27%
TDY	B	-0.27%
JBHT	C	-0.27%
TTD	B	-0.27%
WELL	A	-0.27%
CSCO	B	-0.27%
CASY	A	-0.27%
BSX	B	-0.27%
HLT	A	-0.27%
ISRG	A	-0.27%
CSX	B	-0.26%
TJX	A	-0.26%
LNT	A	-0.26%
PPL	B	-0.26%
TYL	B	-0.26%
WEC	A	-0.26%
MANH	D	-0.25%
EIX	B	-0.25%
CMS	C	-0.25%
SPGI	C	-0.25%
ICE	C	-0.25%
SHW	A	-0.25%
SSNC	B	-0.25%
MCO	B	-0.25%
D	C	-0.25%
EQR	B	-0.25%
PEG	A	-0.25%
HRL	D	-0.24%
PPG	F	-0.24%
AVGO	D	-0.24%
GPC	D	-0.23%
RJF	A	-0.23%
CE	F	-0.23%
NVR	D	-0.23%
VLTO	D	-0.23%
CARR	D	-0.23%
GIS	D	-0.22%
HUM	C	-0.22%
BBY	D	-0.22%
TSLA	B	-0.22%
APO	B	-0.22%
TDG	D	-0.22%
KHC	F	-0.22%
STX	D	-0.22%
BIIB	F	-0.21%
KDP	D	-0.21%
EFX	F	-0.21%
CPAY	A	-0.2%
DIS	B	-0.2%
NDAQ	A	-0.19%
APD	A	-0.19%
DECK	A	-0.19%
PNC	B	-0.19%
MSTR	C	-0.19%
DELL	C	-0.19%
KEY	B	-0.19%
IR	B	-0.18%
HUBB	B	-0.18%
AJG	B	-0.18%
BR	A	-0.18%
IEX	B	-0.18%
RGA	A	-0.18%
LH	C	-0.18%
WSO	A	-0.18%
J	F	-0.18%
WRB	A	-0.18%
NWSA	B	-0.18%
ETN	A	-0.18%
KIM	A	-0.18%
TSN	B	-0.18%
PYPL	B	-0.18%
SO	D	-0.17%
CSL	C	-0.17%
FNF	B	-0.17%
MAA	B	-0.17%
DRI	B	-0.17%
PFG	D	-0.17%
LHX	C	-0.17%
IT	C	-0.17%
WY	D	-0.16%
DD	D	-0.16%
UBER	D	-0.16%
AWK	D	-0.16%
ROST	C	-0.16%
FE	C	-0.16%
FTV	C	-0.16%
GD	F	-0.16%
OMC	C	-0.16%
TSCO	D	-0.16%
KEYS	A	-0.16%
ECL	D	-0.16%
NTAP	C	-0.16%
HOLX	D	-0.16%
CTVA	C	-0.16%
SYY	B	-0.16%
MDT	D	-0.16%
KO	D	-0.15%
MDLZ	F	-0.15%
HSY	F	-0.15%
CPB	D	-0.15%
XYL	D	-0.15%
CL	D	-0.15%
DOC	D	-0.15%
COIN	C	-0.15%
EXR	D	-0.15%
LLY	F	-0.14%
WLK	D	-0.14%
NKE	D	-0.14%
MOH	F	-0.14%
AMT	D	-0.14%
WMB	A	-0.11%
MPWR	F	-0.11%
RPM	A	-0.1%
PANW	C	-0.1%
MAR	B	-0.1%
EMR	A	-0.1%
CBOE	B	-0.09%
MET	A	-0.09%
AVB	B	-0.09%
MSCI	C	-0.09%
CMG	B	-0.09%
WST	C	-0.09%
ESS	B	-0.09%
EQIX	A	-0.09%
ABT	B	-0.09%
SBUX	A	-0.09%
CLX	B	-0.09%
RSG	A	-0.09%
HPQ	B	-0.09%
DOV	A	-0.09%
NSC	B	-0.09%
MA	C	-0.09%
ORLY	B	-0.09%
PAYX	C	-0.09%
APH	A	-0.09%
ARES	A	-0.09%
ODFL	B	-0.09%
JCI	C	-0.09%
SYK	C	-0.09%
MKL	A	-0.09%
ADSK	A	-0.09%
AON	A	-0.09%
BLK	C	-0.09%
RIVN	F	-0.08%
AVY	D	-0.08%
ZTS	D	-0.08%
MKC	D	-0.08%
EXPD	D	-0.08%
MAS	D	-0.08%
SBAC	D	-0.08%
NOC	D	-0.08%
BDX	F	-0.08%
PEP	F	-0.08%
POOL	C	-0.08%
NDSN	B	-0.08%
OTIS	C	-0.08%
WAT	B	-0.08%
ROL	B	-0.08%
MMC	B	-0.08%
LOW	D	-0.08%
AZO	C	-0.08%
VRTX	F	-0.08%
KLAC	D	-0.07%
IQV	D	-0.07%
TMO	F	-0.07%
CAG	D	-0.07%
RVTY	F	-0.07%
BLD	D	-0.07%
WSM	B	-0.07%
AMGN	D	-0.07%
GEHC	F	-0.07%
CCI	D	-0.07%