HELO vs. FELC ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to Fidelity Enhanced Large Cap Core ETF (FELC)

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	HELO	FELC
30 Days	1.57%	3.27%
60 Days	3.39%	5.09%
90 Days	4.59%	6.09%
12 Months	20.91%	33.74%

74 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in FELC	Overlap
AAPL	C	6.83%	7.38%	6.83%
ABBV	D	1.14%	1.02%	1.02%
ABT	B	0.19%	0.56%	0.19%
ADBE	C	0.18%	0.94%	0.18%
AMZN	C	4.5%	3.93%	3.93%
ANET	C	0.15%	0.11%	0.11%
AON	A	0.44%	0.35%	0.35%
AVGO	D	1.02%	1.72%	1.02%
AXP	A	0.21%	0.31%	0.21%
BAC	A	1.26%	1.2%	1.2%
BIIB	F	0.12%	0.1%	0.1%
BKNG	A	0.75%	0.13%	0.13%
BMY	B	0.68%	0.75%	0.68%
BRK.A	B	1.53%	2.25%	1.53%
C	A	0.3%	0.02%	0.02%
CI	F	0.34%	0.63%	0.34%
CMCSA	B	0.71%	0.86%	0.71%
CME	A	0.59%	0.5%	0.5%
CMG	B	0.51%	0.35%	0.35%
COST	B	0.53%	0.31%	0.31%
CRM	B	1.15%	1.15%	1.15%
CSX	B	0.41%	0.54%	0.41%
CVX	A	0.18%	0.01%	0.01%
DASH	A	0.11%	0.18%	0.11%
DIS	B	0.31%	0.65%	0.31%
EOG	A	0.47%	0.54%	0.47%
GOOG	C	1.46%	1.9%	1.46%
GOOGL	C	2.09%	2.05%	2.05%
GS	A	0.75%	0.15%	0.15%
HWM	A	0.62%	0.1%	0.1%
JNJ	D	0.51%	0.74%	0.51%
LDOS	C	0.39%	0.24%	0.24%
LLY	F	1.07%	0.76%	0.76%
LRCX	F	0.37%	0.44%	0.37%
MA	C	1.72%	1.36%	1.36%
MCK	B	0.16%	0.06%	0.06%
META	D	2.9%	2.89%	2.89%
MMC	B	0.14%	0.29%	0.14%
MRK	F	0.24%	0.99%	0.24%
MSFT	F	7.13%	5.68%	5.68%
MSI	B	0.17%	0.5%	0.17%
MU	D	0.57%	0.66%	0.57%
NBIX	C	0.08%	0.11%	0.08%
NEE	D	0.83%	0.84%	0.83%
NOC	D	0.17%	0.6%	0.17%
NOW	A	0.94%	0.55%	0.55%
NRG	B	0.04%	0.11%	0.04%
NUE	C	0.11%	0.2%	0.11%
NVDA	C	7.8%	7.39%	7.39%
ORCL	B	0.36%	0.05%	0.05%
PCAR	B	0.18%	0.52%	0.18%
PEP	F	0.83%	0.05%	0.05%
PG	A	0.14%	0.72%	0.14%
PGR	A	0.75%	0.74%	0.74%
PM	B	0.32%	0.94%	0.32%
PPG	F	0.21%	0.3%	0.21%
ROST	C	0.44%	0.04%	0.04%
SCHW	B	0.42%	0.8%	0.42%
SQ	B	0.14%	0.58%	0.14%
SYK	C	0.76%	0.03%	0.03%
T	A	0.18%	0.73%	0.18%
TMO	F	0.89%	0.33%	0.33%
TMUS	B	0.17%	0.31%	0.17%
TRV	B	0.34%	0.43%	0.34%
TSLA	B	1.58%	1.31%	1.31%
TT	A	0.96%	0.52%	0.52%
TXT	D	0.29%	0.52%	0.29%
UBER	D	0.58%	0.14%	0.14%
UNH	C	1.62%	0.57%	0.57%
UNP	C	0.17%	0.76%	0.17%
V	A	1.49%	0.82%	0.82%
VST	B	0.1%	0.12%	0.1%
WFC	A	1.0%	0.1%	0.1%
XOM	B	1.43%	1.56%	1.43%

HELO Overweight 87 Positions Relative to FELC

Symbol	Grade	Weight
LOW	D	0.99%
HON	B	0.98%
TXN	C	0.87%
SO	D	0.84%
LIN	D	0.82%
COP	C	0.81%
MCD	D	0.81%
NXPI	D	0.72%
ADI	D	0.72%
MDLZ	F	0.72%
DE	A	0.68%
AZO	C	0.65%
KO	D	0.63%
VRTX	F	0.6%
TFC	A	0.56%
UPS	C	0.54%
BSX	B	0.52%
TDG	D	0.52%
FIS	C	0.52%
INTU	C	0.51%
PLD	D	0.5%
OTIS	C	0.5%
PCG	A	0.5%
YUM	B	0.5%
CTSH	B	0.49%
FITB	A	0.48%
CPAY	A	0.47%
CARR	D	0.46%
MDT	D	0.46%
REGN	F	0.45%
AMD	F	0.45%
DHR	F	0.44%
STX	D	0.41%
DLR	B	0.39%
VTR	C	0.39%
ETN	A	0.38%
HLT	A	0.36%
DOW	F	0.35%
RCL	A	0.34%
FDX	B	0.33%
USB	A	0.33%
MNST	C	0.32%
SBAC	D	0.31%
FANG	D	0.31%
MET	A	0.3%
CHD	B	0.3%
EXPE	B	0.29%
WELL	A	0.27%
KVUE	A	0.26%
CHTR	C	0.25%
BKR	B	0.24%
BURL	A	0.24%
LYB	F	0.23%
IR	B	0.23%
DAL	C	0.23%
MAS	D	0.23%
ACN	C	0.21%
BBY	D	0.2%
AMP	A	0.2%
KKR	A	0.2%
ELS	C	0.19%
HPE	B	0.18%
WDC	D	0.18%
CDNS	B	0.17%
MLM	B	0.16%
HUM	C	0.16%
MO	A	0.15%
LEN	D	0.14%
TGT	F	0.14%
URI	B	0.13%
LULU	C	0.13%
PFG	D	0.13%
FICO	B	0.12%
HCA	F	0.11%
CMS	C	0.1%
APTV	D	0.1%
WMG	C	0.1%
EQIX	A	0.07%
SIRI	C	0.07%
EQT	B	0.06%
BAX	D	0.06%
MRVL	B	0.06%
AME	A	0.06%
EL	F	0.05%
BMRN	D	0.03%
SRPT	D	0.03%
LKQ	D	0.02%

HELO Underweight 96 Positions Relative to FELC

Symbol	Grade	Weight
JPM	A	-1.94%
NFLX	A	-1.3%
HD	A	-1.29%
WMT	A	-1.14%
QCOM	F	-0.88%
GILD	C	-0.74%
LMT	D	-0.71%
RTX	C	-0.7%
CTAS	B	-0.69%
AMAT	F	-0.68%
CSCO	B	-0.66%
ECL	D	-0.63%
KLAC	D	-0.63%
BDX	F	-0.62%
TJX	A	-0.59%
SPG	B	-0.59%
CAT	B	-0.57%
CVNA	B	-0.55%
DVN	F	-0.53%
DBX	B	-0.52%
ZM	B	-0.51%
CL	D	-0.47%
IGT	F	-0.46%
EXEL	B	-0.45%
ANF	C	-0.42%
PFE	D	-0.42%
CACI	D	-0.4%
GE	D	-0.39%
SSNC	B	-0.38%
NSC	B	-0.38%
TDC	D	-0.37%
PYPL	B	-0.34%
MSCI	C	-0.33%
ALLE	D	-0.33%
AMGN	D	-0.33%
WM	A	-0.32%
SPGI	C	-0.31%
MS	A	-0.31%
CAH	B	-0.31%
TROW	B	-0.31%
SEIC	B	-0.3%
MGM	D	-0.3%
INCY	C	-0.28%
CCL	B	-0.26%
CVS	D	-0.25%
AMT	D	-0.24%
RSG	A	-0.24%
SKYW	B	-0.23%
GAP	C	-0.22%
GRMN	B	-0.22%
IDXX	F	-0.22%
LHX	C	-0.21%
LYFT	C	-0.21%
GL	B	-0.21%
MEDP	D	-0.21%
ADP	B	-0.2%
ALRM	C	-0.2%
OXY	D	-0.19%
WDAY	B	-0.16%
FTNT	C	-0.15%
ED	D	-0.15%
WTW	B	-0.14%
MMM	D	-0.13%
TWLO	A	-0.13%
UNM	A	-0.12%
PNC	B	-0.12%
QRVO	F	-0.12%
CLX	B	-0.11%
BK	A	-0.11%
F	C	-0.11%
BLD	D	-0.11%
LNW	D	-0.11%
BBWI	D	-0.11%
PEGA	A	-0.1%
PSA	D	-0.09%
SOLV	C	-0.09%
VEEV	C	-0.08%
MKL	A	-0.08%
FR	C	-0.08%
ZBRA	B	-0.06%
DHI	D	-0.06%
STLD	B	-0.06%
VZ	C	-0.06%
AXTA	A	-0.05%
SCCO	F	-0.05%
PLTK	B	-0.04%
GEHC	F	-0.04%
KR	B	-0.03%
SWKS	F	-0.03%
A	D	-0.03%
CRUS	D	-0.03%
LPLA	A	-0.03%
GPN	B	-0.02%
DOCU	A	-0.02%
WBD	C	-0.01%
AES	F	-0.01%