IQQQ vs. FFLC ETF Comparison

Comparison of ProShares Nasdaq-100 High Income ETF (IQQQ) to Fidelity Fundamental Large Cap Core ETF (FFLC)

IQQQ

ProShares Nasdaq-100 High Income ETF

IQQQ Description

The index is designed to replicate the performance of an investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 Index call options. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. The fund is non-diversified. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.90

Average Daily Volume

51,106

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQQQ	FFLC
30 Days	3.29%	2.14%
60 Days	4.67%	3.92%
90 Days	5.98%	6.30%
12 Months		37.29%

22 Overlapping Holdings

Symbol	Grade	Weight in IQQQ	Weight in FFLC	Overlap
AAPL	C	7.78%	4.26%	4.26%
ABNB	C	0.34%	0.33%	0.33%
AMZN	C	5.11%	2.89%	2.89%
ASML	F	0.37%	0.18%	0.18%
AVGO	D	4.72%	1.98%	1.98%
CEG	D	0.41%	1.06%	0.41%
CMCSA	B	1.0%	1.69%	1.0%
COST	B	2.43%	0.63%	0.63%
CSCO	B	1.4%	1.1%	1.1%
GILD	C	0.68%	0.27%	0.27%
GOOGL	C	2.38%	3.2%	2.38%
INTU	C	1.16%	1.0%	1.0%
KDP	D	0.27%	1.0%	0.27%
LIN	D	1.28%	0.2%	0.2%
MAR	B	0.47%	0.42%	0.42%
MELI	D	0.57%	0.2%	0.2%
META	D	4.58%	4.7%	4.58%
MRVL	B	0.46%	0.02%	0.02%
MSFT	F	7.18%	6.98%	6.98%
NVDA	C	8.15%	5.71%	5.71%
REGN	F	0.51%	0.75%	0.51%
TMUS	B	1.65%	0.2%	0.2%

IQQQ Overweight 79 Positions Relative to FFLC

Symbol	Grade	Weight
TSLA	B	3.63%
GOOG	C	2.29%
NFLX	A	2.09%
ADBE	C	1.39%
PEP	F	1.33%
AMD	F	1.32%
ISRG	A	1.12%
TXN	C	1.1%
QCOM	F	1.05%
BKNG	A	0.98%
AMGN	D	0.95%
HON	B	0.89%
AMAT	F	0.88%
PANW	C	0.76%
VRTX	F	0.75%
ADP	B	0.74%
SBUX	A	0.66%
MU	D	0.65%
INTC	D	0.63%
ADI	D	0.62%
LRCX	F	0.56%
CTAS	B	0.53%
MDLZ	F	0.52%
PYPL	B	0.52%
KLAC	D	0.51%
SNPS	B	0.5%
CDNS	B	0.49%
CRWD	B	0.47%
FTNT	C	0.44%
PDD	F	0.44%
CSX	B	0.42%
ORLY	B	0.42%
ADSK	A	0.4%
DASH	A	0.4%
ROP	B	0.36%
PCAR	B	0.36%
WDAY	B	0.35%
CHTR	C	0.34%
CPRT	A	0.33%
NXPI	D	0.33%
TTD	B	0.33%
FANG	D	0.32%
MNST	C	0.32%
PAYX	C	0.31%
AEP	D	0.29%
FAST	B	0.28%
ODFL	B	0.28%
ROST	C	0.27%
BKR	B	0.25%
EA	A	0.25%
TEAM	A	0.24%
CTSH	B	0.24%
VRSK	A	0.24%
GEHC	F	0.23%
LULU	C	0.23%
KHC	F	0.23%
DDOG	A	0.23%
AZN	D	0.22%
EXC	C	0.22%
XEL	A	0.22%
IDXX	F	0.21%
MCHP	D	0.21%
CCEP	C	0.21%
ZS	C	0.19%
TTWO	A	0.19%
ANSS	B	0.18%
CSGP	D	0.18%
DXCM	D	0.17%
ON	D	0.17%
CDW	F	0.15%
ILMN	D	0.14%
GFS	C	0.14%
WBD	C	0.14%
BIIB	F	0.14%
MDB	C	0.13%
MRNA	F	0.1%
ARM	D	0.1%
DLTR	F	0.08%
SMCI	F	0.07%

IQQQ Underweight 65 Positions Relative to FFLC

Symbol	Grade	Weight
XOM	B	-2.88%
BAC	A	-2.18%
LLY	F	-1.85%
WFC	A	-1.82%
SO	D	-1.72%
UNH	C	-1.72%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
V	A	-1.31%
EIX	B	-1.31%
CI	F	-1.23%
TMO	F	-1.18%
SAP	B	-1.15%
LOW	D	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
ORCL	B	-0.97%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
URI	B	-0.92%
BMY	B	-0.92%
GEV	B	-0.87%
TRV	B	-0.87%
MA	C	-0.85%
APH	A	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
RPRX	D	-0.76%
CB	C	-0.73%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
ABBV	D	-0.61%
UBER	D	-0.61%
CCI	D	-0.61%
APO	B	-0.61%
KNX	B	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	D	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
AMT	D	-0.43%
DEO	F	-0.43%
AJG	B	-0.41%
WSM	B	-0.4%
GD	F	-0.38%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
GSK	F	-0.3%
HII	D	-0.29%
NOC	D	-0.25%
DKS	C	-0.19%
SPR	D	-0.19%
SPG	B	-0.18%
IP	B	-0.18%
KBR	F	-0.17%
LNG	B	-0.03%