FVAL vs. JOET ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

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

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$40.40

Average Daily Volume

29,173

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	JOET
30 Days	3.33%	7.96%
60 Days	5.59%	9.99%
90 Days	6.82%	13.18%
12 Months	28.35%	38.99%

22 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in JOET	Overlap
ACN	C	1.15%	0.75%	0.75%
AMZN	C	3.88%	0.82%	0.82%
AXP	A	0.83%	0.8%	0.8%
BRK.A	B	2.07%	0.78%	0.78%
CAT	B	0.77%	0.74%	0.74%
CMI	A	0.52%	0.82%	0.52%
CRM	B	1.46%	0.84%	0.84%
DAL	C	0.64%	0.87%	0.64%
DFS	B	0.68%	0.86%	0.68%
GM	B	0.67%	0.79%	0.67%
JPM	A	1.84%	0.81%	0.81%
META	D	2.55%	0.74%	0.74%
MSFT	F	6.37%	0.74%	0.74%
NVDA	C	7.33%	0.79%	0.79%
O	D	0.23%	0.7%	0.23%
PCAR	B	0.53%	0.78%	0.53%
PSA	D	0.25%	0.75%	0.25%
QCOM	F	1.0%	0.68%	0.68%
SYF	B	0.67%	0.86%	0.67%
TRV	B	0.68%	0.77%	0.68%
UAL	A	0.84%	0.94%	0.84%
WMT	A	1.07%	0.8%	0.8%

FVAL Overweight 102 Positions Relative to JOET

Symbol	Grade	Weight
AAPL	C	6.68%
GOOGL	C	3.72%
UNH	C	1.69%
V	A	1.44%
JNJ	D	1.31%
HD	A	1.22%
XOM	B	1.14%
BAC	A	1.13%
ABBV	D	1.11%
IBM	C	1.09%
WFC	A	1.08%
PG	A	1.08%
MRK	F	1.01%
BMY	B	0.98%
ZM	B	0.98%
GILD	C	0.97%
BKNG	A	0.87%
MU	D	0.85%
MCD	D	0.84%
CI	F	0.81%
HPE	B	0.81%
INTC	D	0.77%
CTSH	B	0.76%
C	A	0.74%
COF	B	0.72%
CVS	D	0.71%
HON	B	0.68%
ELV	F	0.67%
CVX	A	0.67%
EXPE	B	0.66%
ADP	B	0.64%
T	A	0.62%
CMCSA	B	0.61%
VZ	C	0.61%
RPRX	D	0.61%
UNP	C	0.61%
DE	A	0.59%
SWKS	F	0.56%
JXN	C	0.56%
LMT	D	0.56%
PRU	A	0.56%
LVS	C	0.55%
UPS	C	0.55%
MO	A	0.55%
CNC	D	0.54%
RNR	C	0.54%
LIN	D	0.53%
KVUE	A	0.52%
F	C	0.51%
OZK	B	0.51%
EBAY	D	0.51%
EG	C	0.5%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
TGT	F	0.48%
FDX	B	0.48%
NEE	D	0.46%
RHI	B	0.44%
KR	B	0.43%
OC	A	0.42%
KMB	D	0.41%
COP	C	0.4%
M	D	0.39%
AGCO	D	0.38%
ADM	D	0.35%
ACI	C	0.34%
DUK	C	0.34%
PLD	D	0.32%
BG	F	0.32%
EOG	A	0.31%
PCG	A	0.29%
PARA	C	0.28%
SPG	B	0.27%
EXC	C	0.26%
ATKR	C	0.26%
NRG	B	0.26%
AEP	D	0.26%
FCX	D	0.24%
MPC	D	0.24%
CBRE	B	0.23%
VLO	C	0.22%
NFG	A	0.2%
VICI	C	0.2%
NUE	C	0.19%
NEM	D	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 102 Positions Relative to JOET

Symbol	Grade	Weight
APP	B	-1.48%
COIN	C	-1.12%
PLTR	B	-1.05%
AXON	A	-1.04%
GRMN	B	-0.94%
IBKR	A	-0.94%
SPOT	B	-0.93%
VRT	B	-0.92%
SQ	B	-0.91%
FCNCA	A	-0.89%
NFLX	A	-0.89%
RCL	A	-0.88%
CRWD	B	-0.88%
PODD	C	-0.87%
FTNT	C	-0.87%
HWM	A	-0.87%
DOCU	A	-0.86%
HEI	B	-0.85%
APO	B	-0.85%
ORCL	B	-0.84%
PH	A	-0.84%
HBAN	A	-0.84%
RF	A	-0.83%
AMP	A	-0.83%
RJF	A	-0.83%
CFG	B	-0.82%
MTB	A	-0.82%
NOW	A	-0.82%
SYK	C	-0.82%
PANW	C	-0.82%
BSX	B	-0.81%
FAST	B	-0.81%
GWW	B	-0.81%
DDOG	A	-0.81%
VMC	B	-0.81%
ADSK	A	-0.81%
CINF	A	-0.8%
FITB	A	-0.8%
PGR	A	-0.8%
WELL	A	-0.8%
BR	A	-0.8%
NTRS	A	-0.8%
BRO	B	-0.8%
PWR	A	-0.8%
RSG	A	-0.8%
ISRG	A	-0.8%
IR	B	-0.8%
TTD	B	-0.79%
COST	B	-0.79%
DECK	A	-0.79%
HIG	B	-0.79%
ALL	A	-0.79%
WRB	A	-0.79%
ETN	A	-0.79%
ROL	B	-0.79%
TT	A	-0.79%
CTAS	B	-0.79%
TW	A	-0.78%
DOV	A	-0.78%
APH	A	-0.78%
SPGI	C	-0.78%
MLM	B	-0.77%
PYPL	B	-0.77%
BK	A	-0.77%
WAB	B	-0.77%
TSCO	D	-0.76%
AFL	B	-0.76%
IT	C	-0.76%
MA	C	-0.76%
CARR	D	-0.75%
EXR	D	-0.75%
HUBB	B	-0.75%
URI	B	-0.75%
PFG	D	-0.75%
CMG	B	-0.74%
ANET	C	-0.74%
ROST	C	-0.74%
CB	C	-0.74%
RMD	C	-0.74%
NVR	D	-0.74%
PHM	D	-0.73%
LEN	D	-0.73%
AVGO	D	-0.72%
MELI	D	-0.71%
XYL	D	-0.71%
ADI	D	-0.7%
AMAT	F	-0.7%
GD	F	-0.7%
CPNG	D	-0.7%
DHI	D	-0.69%
ACGL	D	-0.69%
IRM	D	-0.69%
KLAC	D	-0.69%
UBER	D	-0.68%
FSLR	F	-0.68%
CEG	D	-0.67%
AMD	F	-0.65%
NU	C	-0.65%
LLY	F	-0.64%
CHKP	D	-0.64%
MPWR	F	-0.48%
SMCI	F	-0.41%