IQQQ vs. FQAL ETF Comparison

Comparison of ProShares Nasdaq-100 High Income ETF (IQQQ) to Fidelity Quality Factor ETF (FQAL)

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

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	IQQQ	FQAL
30 Days	3.29%	2.60%
60 Days	4.67%	4.35%
90 Days	5.98%	5.86%
12 Months		30.56%

33 Overlapping Holdings

Symbol	Grade	Weight in IQQQ	Weight in FQAL	Overlap
AAPL	C	7.78%	6.62%	6.62%
ABNB	C	0.34%	0.75%	0.34%
ADBE	C	1.39%	0.97%	0.97%
ADP	B	0.74%	0.64%	0.64%
AMAT	F	0.88%	0.77%	0.77%
AVGO	D	4.72%	2.0%	2.0%
BKNG	A	0.98%	1.21%	0.98%
CEG	D	0.41%	0.36%	0.36%
COST	B	2.43%	1.01%	1.01%
CPRT	A	0.33%	0.48%	0.33%
CSX	B	0.42%	0.49%	0.42%
CTAS	B	0.53%	0.55%	0.53%
FAST	B	0.28%	0.53%	0.28%
GILD	C	0.68%	1.0%	0.68%
GOOGL	C	2.38%	3.69%	2.38%
IDXX	F	0.21%	0.67%	0.21%
KLAC	D	0.51%	0.64%	0.51%
LIN	D	1.28%	0.52%	0.52%
LRCX	F	0.56%	0.67%	0.56%
MDLZ	F	0.52%	0.38%	0.38%
META	D	4.58%	2.51%	2.51%
MNST	C	0.32%	0.31%	0.31%
MSFT	F	7.18%	6.3%	6.3%
NFLX	A	2.09%	0.97%	0.97%
NVDA	C	8.15%	7.24%	7.24%
ODFL	B	0.28%	0.45%	0.28%
ORLY	B	0.42%	0.84%	0.42%
PANW	C	0.76%	0.96%	0.76%
PAYX	C	0.31%	0.49%	0.31%
QCOM	F	1.05%	0.91%	0.91%
TTD	B	0.33%	0.41%	0.33%
VRSK	A	0.24%	0.46%	0.24%
VRTX	F	0.75%	0.86%	0.75%

IQQQ Overweight 68 Positions Relative to FQAL

Symbol	Grade	Weight
AMZN	C	5.11%
TSLA	B	3.63%
GOOG	C	2.29%
TMUS	B	1.65%
CSCO	B	1.4%
PEP	F	1.33%
AMD	F	1.32%
INTU	C	1.16%
ISRG	A	1.12%
TXN	C	1.1%
CMCSA	B	1.0%
AMGN	D	0.95%
HON	B	0.89%
SBUX	A	0.66%
MU	D	0.65%
INTC	D	0.63%
ADI	D	0.62%
MELI	D	0.57%
PYPL	B	0.52%
REGN	F	0.51%
SNPS	B	0.5%
CDNS	B	0.49%
MAR	B	0.47%
CRWD	B	0.47%
MRVL	B	0.46%
FTNT	C	0.44%
PDD	F	0.44%
ADSK	A	0.4%
DASH	A	0.4%
ASML	F	0.37%
ROP	B	0.36%
PCAR	B	0.36%
WDAY	B	0.35%
CHTR	C	0.34%
NXPI	D	0.33%
FANG	D	0.32%
AEP	D	0.29%
KDP	D	0.27%
ROST	C	0.27%
BKR	B	0.25%
EA	A	0.25%
TEAM	A	0.24%
CTSH	B	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%
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 91 Positions Relative to FQAL

Symbol	Grade	Weight
LLY	F	-1.72%
V	A	-1.61%
HD	A	-1.5%
MA	C	-1.48%
JNJ	D	-1.35%
XOM	B	-1.16%
ABBV	D	-1.14%
MCD	D	-1.11%
BX	A	-1.05%
ACN	C	-1.05%
BMY	B	-1.02%
LOW	D	-1.02%
PGR	A	-1.0%
PG	A	-0.98%
FICO	B	-0.96%
AMP	A	-0.92%
SPGI	C	-0.92%
GRMN	B	-0.86%
CME	A	-0.85%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CAT	B	-0.77%
CFR	B	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
CVX	A	-0.68%
KO	D	-0.66%
KNSL	B	-0.65%
QLYS	C	-0.64%
WSM	B	-0.63%
PM	B	-0.63%
UNP	C	-0.61%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
LMT	D	-0.56%
VZ	C	-0.56%
GWW	B	-0.55%
ITW	B	-0.54%
AME	A	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
NEE	D	-0.47%
OTIS	C	-0.45%
MO	A	-0.44%
VST	B	-0.43%
COP	C	-0.41%
CL	D	-0.36%
SO	D	-0.36%
WMB	A	-0.34%
EOG	A	-0.32%
KMB	D	-0.31%
TPL	A	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
AMT	D	-0.27%
WEC	A	-0.26%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
ECL	D	-0.24%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
AVB	B	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%
GLPI	C	-0.14%