FVAL vs. IWL ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to iShares Russell Top 200 ETF (IWL)

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

IWL

iShares Russell Top 200 ETF

IWL Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200Â® Index (the "underlying index"), which is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$145.86

Average Daily Volume

52,339

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	IWL
30 Days	3.33%	2.93%
60 Days	5.59%	4.56%
90 Days	6.82%	6.33%
12 Months	28.35%	33.26%

67 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in IWL	Overlap
AAPL	C	6.68%	7.79%	6.68%
ABBV	D	1.11%	0.7%	0.7%
ACN	C	1.15%	0.53%	0.53%
ADP	B	0.64%	0.29%	0.29%
AEP	D	0.26%	0.12%	0.12%
AMZN	C	3.88%	4.48%	3.88%
AXP	A	0.83%	0.38%	0.38%
BAC	A	1.13%	0.76%	0.76%
BKNG	A	0.87%	0.4%	0.4%
BMY	B	0.98%	0.27%	0.27%
BRK.A	B	2.07%	2.05%	2.05%
C	A	0.74%	0.31%	0.31%
CAT	B	0.77%	0.45%	0.45%
CI	F	0.81%	0.21%	0.21%
CMCSA	B	0.61%	0.39%	0.39%
COF	B	0.72%	0.17%	0.17%
COP	C	0.4%	0.31%	0.31%
CRM	B	1.46%	0.73%	0.73%
CVS	D	0.71%	0.16%	0.16%
CVX	A	0.67%	0.66%	0.66%
DE	A	0.59%	0.24%	0.24%
DUK	C	0.34%	0.21%	0.21%
ELV	F	0.67%	0.22%	0.22%
EOG	A	0.31%	0.18%	0.18%
F	C	0.51%	0.1%	0.1%
FCX	D	0.24%	0.15%	0.15%
FDX	B	0.48%	0.16%	0.16%
GILD	C	0.97%	0.26%	0.26%
GM	B	0.67%	0.15%	0.15%
GOOGL	C	3.72%	2.41%	2.41%
HD	A	1.22%	0.96%	0.96%
HON	B	0.68%	0.35%	0.35%
IBM	C	1.09%	0.45%	0.45%
INTC	D	0.77%	0.25%	0.25%
JNJ	D	1.31%	0.88%	0.88%
JPM	A	1.84%	1.67%	1.67%
KMB	D	0.41%	0.11%	0.11%
LIN	D	0.53%	0.51%	0.51%
LMT	D	0.56%	0.27%	0.27%
MCD	D	0.84%	0.5%	0.5%
META	D	2.55%	2.89%	2.55%
MMM	D	0.5%	0.17%	0.17%
MO	A	0.55%	0.23%	0.23%
MPC	D	0.24%	0.13%	0.13%
MRK	F	1.01%	0.58%	0.58%
MSFT	F	6.37%	7.35%	6.37%
MU	D	0.85%	0.25%	0.25%
NEE	D	0.46%	0.37%	0.37%
NEM	D	0.19%	0.11%	0.11%
NVDA	C	7.33%	7.91%	7.33%
PCAR	B	0.53%	0.14%	0.14%
PG	A	1.08%	0.95%	0.95%
PLD	D	0.32%	0.25%	0.25%
PSA	D	0.25%	0.13%	0.13%
QCOM	F	1.0%	0.43%	0.43%
T	A	0.62%	0.39%	0.39%
TGT	F	0.48%	0.17%	0.17%
TRV	B	0.68%	0.14%	0.14%
UNH	C	1.69%	1.3%	1.3%
UNP	C	0.61%	0.34%	0.34%
UPS	C	0.55%	0.23%	0.23%
V	A	1.44%	1.16%	1.16%
VLO	C	0.22%	0.11%	0.11%
VZ	C	0.61%	0.42%	0.42%
WFC	A	1.08%	0.62%	0.62%
WMT	A	1.07%	0.87%	0.87%
XOM	B	1.14%	1.27%	1.14%

FVAL Overweight 57 Positions Relative to IWL

Symbol	Grade	Weight
ZM	B	0.98%
UAL	A	0.84%
HPE	B	0.81%
CTSH	B	0.76%
DFS	B	0.68%
SYF	B	0.67%
EXPE	B	0.66%
DAL	C	0.64%
RPRX	D	0.61%
SWKS	F	0.56%
JXN	C	0.56%
PRU	A	0.56%
LVS	C	0.55%
CNC	D	0.54%
RNR	C	0.54%
KVUE	A	0.52%
CMI	A	0.52%
OZK	B	0.51%
EBAY	D	0.51%
EG	C	0.5%
WYNN	D	0.5%
G	B	0.49%
RHI	B	0.44%
KR	B	0.43%
OC	A	0.42%
M	D	0.39%
AGCO	D	0.38%
ADM	D	0.35%
ACI	C	0.34%
BG	F	0.32%
PCG	A	0.29%
PARA	C	0.28%
SPG	B	0.27%
EXC	C	0.26%
ATKR	C	0.26%
NRG	B	0.26%
O	D	0.23%
CBRE	B	0.23%
NFG	A	0.2%
VICI	C	0.2%
NUE	C	0.19%
BXP	D	0.18%
DVN	F	0.18%
CF	B	0.18%
STLD	B	0.18%
UGI	A	0.18%
HST	C	0.17%
JLL	D	0.17%
WPC	D	0.16%
ARE	D	0.16%
GLPI	C	0.16%
DOW	F	0.16%
LYB	F	0.15%
CIVI	D	0.13%
MOS	F	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 130 Positions Relative to IWL

Symbol	Grade	Weight
TSLA	B	-2.12%
GOOG	C	-2.04%
AVGO	D	-1.78%
LLY	F	-1.42%
MA	C	-1.03%
COST	B	-0.96%
NFLX	A	-0.84%
ORCL	B	-0.69%
KO	D	-0.57%
CSCO	B	-0.55%
ADBE	C	-0.53%
AMD	F	-0.52%
PEP	F	-0.52%
DIS	B	-0.5%
NOW	A	-0.49%
PM	B	-0.48%
ABT	B	-0.48%
TMO	F	-0.47%
GE	D	-0.46%
GS	A	-0.45%
INTU	C	-0.45%
TXN	C	-0.44%
ISRG	A	-0.44%
SPGI	C	-0.38%
RTX	C	-0.38%
LOW	D	-0.37%
BLK	C	-0.37%
MS	A	-0.37%
PGR	A	-0.36%
AMGN	D	-0.36%
UBER	D	-0.35%
DHR	F	-0.35%
SYK	C	-0.34%
ETN	A	-0.34%
AMAT	F	-0.33%
PFE	D	-0.33%
TJX	A	-0.32%
BX	A	-0.31%
BSX	B	-0.3%
SCHW	B	-0.29%
VRTX	F	-0.29%
FI	A	-0.29%
CB	C	-0.28%
PANW	C	-0.28%
SBUX	A	-0.27%
MDT	D	-0.27%
TMUS	B	-0.27%
MMC	B	-0.26%
KKR	A	-0.24%
ADI	D	-0.24%
BA	F	-0.23%
SO	D	-0.23%
ANET	C	-0.23%
LRCX	F	-0.22%
AMT	D	-0.22%
NKE	D	-0.22%
TT	A	-0.22%
MDLZ	F	-0.21%
WM	A	-0.21%
PYPL	B	-0.21%
ICE	C	-0.21%
SHW	A	-0.21%
PH	A	-0.21%
GEV	B	-0.21%
WELL	A	-0.2%
PNC	B	-0.2%
KLAC	D	-0.2%
APH	A	-0.2%
EQIX	A	-0.2%
APO	B	-0.2%
USB	A	-0.19%
GD	F	-0.19%
MCK	B	-0.19%
REGN	F	-0.19%
CDNS	B	-0.19%
SNPS	B	-0.19%
ZTS	D	-0.19%
CMG	B	-0.19%
ITW	B	-0.19%
MSI	B	-0.19%
CME	A	-0.19%
CTAS	B	-0.18%
AON	A	-0.18%
MCO	B	-0.18%
MRVL	B	-0.18%
CL	D	-0.18%
CRWD	B	-0.18%
ORLY	B	-0.17%
CEG	D	-0.17%
APD	A	-0.17%
EMR	A	-0.17%
BDX	F	-0.16%
CRH	A	-0.16%
NOC	D	-0.16%
TDG	D	-0.16%
CSX	B	-0.16%
ECL	D	-0.15%
SLB	C	-0.15%
TFC	A	-0.15%
CARR	D	-0.15%
MAR	B	-0.15%
ADSK	A	-0.15%
HCA	F	-0.15%
ABNB	C	-0.14%
SRE	A	-0.14%
DASH	A	-0.14%
ROP	B	-0.14%
NSC	B	-0.14%
FTNT	C	-0.14%
AZO	C	-0.13%
PSX	C	-0.13%
WDAY	B	-0.13%
JCI	C	-0.13%
MET	A	-0.12%
CPRT	A	-0.12%
AIG	B	-0.12%
D	C	-0.11%
EW	C	-0.1%
RSG	A	-0.1%
DELL	C	-0.09%
MNST	C	-0.09%
TEAM	A	-0.09%
STZ	D	-0.09%
LULU	C	-0.09%
SNOW	C	-0.09%
OXY	D	-0.08%
KDP	D	-0.08%
KHC	F	-0.07%
MRNA	F	-0.03%
EL	F	-0.03%