FVAL vs. VFMV ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Vanguard U.S. Minimum Volatility ETF (VFMV)

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

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$121.10

Average Daily Volume

7,210

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	VFMV
30 Days	2.57%	0.83%
60 Days	3.41%	3.76%
90 Days	5.27%	6.93%
12 Months	28.08%	27.18%

29 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in VFMV	Overlap
AAPL	C	7.04%	0.64%	0.64%
ABBV	B	1.35%	1.34%	1.34%
ACN	C	1.13%	0.23%	0.23%
AMZN	C	3.76%	0.11%	0.11%
BMY	C	0.89%	0.31%	0.31%
BRK.A	C	2.1%	0.29%	0.29%
CVX	F	0.63%	0.77%	0.63%
DUK	B	0.36%	1.31%	0.36%
GILD	B	0.95%	0.89%	0.89%
GOOGL	D	3.62%	0.87%	0.87%
IBM	B	1.18%	1.31%	1.18%
JNJ	C	1.46%	1.46%	1.46%
KMB	C	0.44%	0.07%	0.07%
LMT	A	0.62%	1.44%	0.62%
MCD	B	0.88%	1.24%	0.88%
META	B	2.66%	0.6%	0.6%
MO	C	0.52%	0.28%	0.28%
MRK	F	1.27%	1.39%	1.27%
MSFT	C	6.97%	0.45%	0.45%
MU	D	0.81%	0.04%	0.04%
PG	C	1.13%	1.45%	1.13%
QCOM	D	1.12%	0.69%	0.69%
T	B	0.61%	0.51%	0.51%
TRV	C	0.64%	0.43%	0.43%
UNH	C	1.7%	0.85%	0.85%
V	C	1.37%	0.44%	0.44%
VZ	A	0.66%	1.2%	0.66%
WMT	B	1.03%	1.47%	1.03%
XOM	D	1.15%	1.42%	1.15%

FVAL Overweight 95 Positions Relative to VFMV

Symbol	Grade	Weight
NVDA	C	6.3%
JPM	D	1.64%
CRM	C	1.24%
HD	B	1.21%
BAC	D	1.03%
CI	C	0.93%
ELV	D	0.93%
ZM	C	0.84%
WFC	D	0.84%
AXP	B	0.81%
CVS	D	0.8%
CTSH	B	0.77%
CAT	B	0.77%
HPE	C	0.75%
CNC	D	0.74%
BKNG	B	0.73%
C	C	0.71%
INTC	D	0.69%
RPRX	C	0.69%
SWKS	F	0.68%
UNP	D	0.67%
HON	C	0.63%
DE	A	0.63%
ADP	C	0.62%
COF	B	0.62%
CMCSA	C	0.59%
GM	C	0.59%
LIN	B	0.57%
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%
JXN	B	0.53%
NEE	B	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%
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%
AEP	C	0.29%
PCG	C	0.28%
PSA	C	0.28%
PARA	D	0.28%
MPC	F	0.27%
EXC	B	0.27%
ATKR	F	0.27%
SPG	B	0.26%
FCX	C	0.26%
NEM	C	0.26%
O	B	0.25%
NRG	B	0.24%
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%
STLD	C	0.16%
MUR	F	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 117 Positions Relative to VFMV

Symbol	Grade	Weight
CVLT	B	-1.63%
NTAP	D	-1.57%
TJX	C	-1.56%
TMUS	B	-1.56%
TXN	B	-1.54%
ROP	C	-1.5%
MCK	F	-1.5%
PGR	C	-1.49%
VECO	F	-1.49%
EA	D	-1.48%
WM	D	-1.46%
CSCO	B	-1.46%
GD	C	-1.43%
MUSA	D	-1.43%
ADI	C	-1.42%
KEX	C	-1.4%
RSG	D	-1.39%
IDT	C	-1.35%
ORLY	B	-1.33%
CHD	C	-1.28%
REGN	D	-1.27%
NOC	B	-1.27%
FCN	C	-1.21%
CME	B	-1.19%
IDCC	B	-1.14%
CBOE	C	-1.13%
DLB	D	-1.06%
LRN	B	-1.05%
CL	C	-1.05%
DOX	C	-1.03%
GIS	B	-0.98%
WMB	C	-0.97%
HSTM	D	-0.97%
MGEE	C	-0.96%
LLY	D	-0.92%
CRUS	D	-0.86%
SAFT	D	-0.86%
GPOR	C	-0.85%
INST	D	-0.83%
NSIT	C	-0.83%
CHE	C	-0.81%
LAUR	C	-0.79%
NABL	F	-0.78%
BLKB	C	-0.78%
CAH	C	-0.75%
WTM	F	-0.75%
HPQ	C	-0.72%
AVGO	C	-0.71%
GOOG	D	-0.7%
OSIS	C	-0.7%
AMGN	D	-0.64%
YELP	D	-0.63%
MCS	B	-0.61%
INSW	C	-0.55%
MATX	B	-0.54%
PBH	C	-0.52%
ED	B	-0.51%
NEU	D	-0.49%
FLO	C	-0.47%
KO	B	-0.46%
FANG	F	-0.45%
HSY	D	-0.45%
AJG	D	-0.43%
THFF	D	-0.42%
AZO	B	-0.42%
K	A	-0.4%
WEC	B	-0.39%
MDLZ	C	-0.39%
RLI	B	-0.36%
NVEC	D	-0.35%
OLLI	C	-0.34%
AMSF	C	-0.34%
JBSS	F	-0.33%
RTX	B	-0.33%
CASS	D	-0.32%
ROL	C	-0.29%
LDOS	A	-0.29%
IMMR	D	-0.28%
MTSI	C	-0.26%
LOPE	D	-0.25%
KMI	C	-0.24%
EBF	C	-0.24%
EQC	D	-0.24%
EXEL	C	-0.23%
JJSF	B	-0.23%
OLED	D	-0.19%
SPOK	C	-0.19%
DECK	C	-0.19%
SPNS	D	-0.17%
QNST	C	-0.15%
PSX	F	-0.14%
AMAT	D	-0.13%
DGICA	C	-0.12%
TNK	D	-0.12%
CLBK	D	-0.1%
DJCO	C	-0.1%
DTM	C	-0.1%
KLAC	D	-0.09%
CNXN	B	-0.08%
CB	B	-0.08%
LRCX	D	-0.08%
GLRE	C	-0.06%
PEP	D	-0.06%
LANC	F	-0.06%
REYN	C	-0.06%
UNM	B	-0.06%
ATR	B	-0.05%
SFL	D	-0.05%
EIG	C	-0.04%
DTE	A	-0.04%
AKAM	D	-0.04%
VRTX	D	-0.04%
NBIX	F	-0.04%
CNA	D	-0.04%
SPOT	C	-0.03%
CMS	B	-0.03%
MSI	B	-0.03%