IWL vs. FHEQ ETF Comparison

Comparison of iShares Russell Top 200 ETF (IWL) to Fidelity Hedged Equity ETF (FHEQ)

IWL

iShares Russell Top 200 ETF

IWL Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200Â® Index (the "underlying index"), which is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$145.86

Average Daily Volume

52,339

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	IWL	FHEQ
30 Days	2.93%	2.51%
60 Days	4.56%	3.80%
90 Days	6.33%	4.54%
12 Months	33.26%

94 Overlapping Holdings

Symbol	Grade	Weight in IWL	Weight in FHEQ	Overlap
AAPL	C	7.79%	7.31%	7.31%
ABBV	D	0.7%	1.0%	0.7%
ADBE	C	0.53%	0.93%	0.53%
ADP	B	0.29%	0.16%	0.16%
AMAT	F	0.33%	0.7%	0.33%
AMGN	D	0.36%	0.24%	0.24%
AMT	D	0.22%	0.24%	0.22%
AMZN	C	4.48%	3.64%	3.64%
ANET	C	0.23%	0.08%	0.08%
AVGO	D	1.78%	1.49%	1.49%
AXP	A	0.38%	0.43%	0.38%
BAC	A	0.76%	1.17%	0.76%
BDX	F	0.16%	0.59%	0.16%
BLK	C	0.37%	0.23%	0.23%
BMY	B	0.27%	0.68%	0.27%
BRK.A	B	2.05%	2.19%	2.05%
C	A	0.31%	0.54%	0.31%
CAT	B	0.45%	0.48%	0.45%
CI	F	0.21%	0.63%	0.21%
CL	D	0.18%	0.58%	0.18%
CMCSA	B	0.39%	0.83%	0.39%
CME	A	0.19%	0.37%	0.19%
CMG	B	0.19%	0.49%	0.19%
COST	B	0.96%	0.45%	0.45%
CRM	B	0.73%	1.09%	0.73%
CSCO	B	0.55%	0.79%	0.55%
CSX	B	0.16%	0.43%	0.16%
CTAS	B	0.18%	0.66%	0.18%
CVS	D	0.16%	0.22%	0.16%
CVX	A	0.66%	0.02%	0.02%
DASH	A	0.14%	0.12%	0.12%
DIS	B	0.5%	0.57%	0.5%
ECL	D	0.15%	0.62%	0.15%
EOG	A	0.18%	0.43%	0.18%
ETN	A	0.34%	0.15%	0.15%
F	C	0.1%	0.15%	0.1%
FTNT	C	0.14%	0.24%	0.14%
GE	D	0.46%	0.45%	0.45%
GILD	C	0.26%	0.73%	0.26%
GOOG	C	2.04%	1.74%	1.74%
GOOGL	C	2.41%	2.02%	2.02%
HD	A	0.96%	1.32%	0.96%
JNJ	D	0.88%	0.61%	0.61%
JPM	A	1.67%	1.82%	1.67%
KLAC	D	0.2%	0.54%	0.2%
LLY	F	1.42%	0.76%	0.76%
LMT	D	0.27%	0.69%	0.27%
LRCX	F	0.22%	0.23%	0.22%
MA	C	1.03%	1.34%	1.03%
MDLZ	F	0.21%	0.07%	0.07%
META	D	2.89%	2.87%	2.87%
MMC	B	0.26%	0.52%	0.26%
MMM	D	0.17%	0.22%	0.17%
MRK	F	0.58%	0.69%	0.58%
MS	A	0.37%	0.16%	0.16%
MSFT	F	7.35%	5.64%	5.64%
MSI	B	0.19%	0.26%	0.19%
MU	D	0.25%	0.47%	0.25%
NEE	D	0.37%	0.73%	0.37%
NFLX	A	0.84%	1.26%	0.84%
NOC	D	0.16%	0.56%	0.16%
NOW	A	0.49%	0.34%	0.34%
NSC	B	0.14%	0.26%	0.14%
NVDA	C	7.91%	7.27%	7.27%
ORCL	B	0.69%	0.04%	0.04%
PCAR	B	0.14%	0.42%	0.14%
PFE	D	0.33%	0.56%	0.33%
PG	A	0.95%	0.87%	0.87%
PGR	A	0.36%	0.63%	0.36%
PM	B	0.48%	0.92%	0.48%
PSA	D	0.13%	0.19%	0.13%
PYPL	B	0.21%	0.54%	0.21%
QCOM	F	0.43%	0.84%	0.43%
RSG	A	0.1%	0.2%	0.1%
RTX	C	0.38%	0.44%	0.38%
SCHW	B	0.29%	0.56%	0.29%
SPGI	C	0.38%	0.28%	0.28%
T	A	0.39%	0.67%	0.39%
TJX	A	0.32%	0.73%	0.32%
TMO	F	0.47%	0.26%	0.26%
TMUS	B	0.27%	0.29%	0.27%
TRV	B	0.14%	0.49%	0.14%
TSLA	B	2.12%	1.26%	1.26%
TT	A	0.22%	0.69%	0.22%
UBER	D	0.35%	0.14%	0.14%
UNH	C	1.3%	0.57%	0.57%
UNP	C	0.34%	0.73%	0.34%
V	A	1.16%	0.47%	0.47%
VZ	C	0.42%	0.18%	0.18%
WDAY	B	0.13%	0.16%	0.13%
WFC	A	0.62%	0.15%	0.15%
WM	A	0.21%	0.38%	0.21%
WMT	A	0.87%	0.8%	0.8%
XOM	B	1.27%	1.54%	1.27%

IWL Overweight 103 Positions Relative to FHEQ

Symbol	Grade	Weight
KO	D	0.57%
ACN	C	0.53%
AMD	F	0.52%
PEP	F	0.52%
LIN	D	0.51%
MCD	D	0.5%
ABT	B	0.48%
GS	A	0.45%
INTU	C	0.45%
IBM	C	0.45%
TXN	C	0.44%
ISRG	A	0.44%
BKNG	A	0.4%
LOW	D	0.37%
DHR	F	0.35%
HON	B	0.35%
SYK	C	0.34%
BX	A	0.31%
COP	C	0.31%
BSX	B	0.3%
VRTX	F	0.29%
FI	A	0.29%
CB	C	0.28%
PANW	C	0.28%
SBUX	A	0.27%
MDT	D	0.27%
INTC	D	0.25%
PLD	D	0.25%
DE	A	0.24%
KKR	A	0.24%
ADI	D	0.24%
BA	F	0.23%
MO	A	0.23%
SO	D	0.23%
UPS	C	0.23%
NKE	D	0.22%
ELV	F	0.22%
DUK	C	0.21%
ICE	C	0.21%
SHW	A	0.21%
PH	A	0.21%
GEV	B	0.21%
WELL	A	0.2%
PNC	B	0.2%
APH	A	0.2%
EQIX	A	0.2%
APO	B	0.2%
USB	A	0.19%
GD	F	0.19%
MCK	B	0.19%
REGN	F	0.19%
CDNS	B	0.19%
SNPS	B	0.19%
ZTS	D	0.19%
ITW	B	0.19%
AON	A	0.18%
MCO	B	0.18%
MRVL	B	0.18%
CRWD	B	0.18%
COF	B	0.17%
ORLY	B	0.17%
CEG	D	0.17%
TGT	F	0.17%
APD	A	0.17%
EMR	A	0.17%
FDX	B	0.16%
CRH	A	0.16%
TDG	D	0.16%
FCX	D	0.15%
SLB	C	0.15%
TFC	A	0.15%
CARR	D	0.15%
GM	B	0.15%
MAR	B	0.15%
ADSK	A	0.15%
HCA	F	0.15%
ABNB	C	0.14%
SRE	A	0.14%
ROP	B	0.14%
AZO	C	0.13%
PSX	C	0.13%
MPC	D	0.13%
JCI	C	0.13%
MET	A	0.12%
CPRT	A	0.12%
AIG	B	0.12%
AEP	D	0.12%
VLO	C	0.11%
KMB	D	0.11%
NEM	D	0.11%
D	C	0.11%
EW	C	0.1%
DELL	C	0.09%
MNST	C	0.09%
TEAM	A	0.09%
STZ	D	0.09%
LULU	C	0.09%
SNOW	C	0.09%
OXY	D	0.08%
KDP	D	0.08%
KHC	F	0.07%
MRNA	F	0.03%
EL	F	0.03%

IWL Underweight 74 Positions Relative to FHEQ

Symbol	Grade	Weight
SQ	B	-0.59%
SEIC	B	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
ZBRA	B	-0.47%
IGT	F	-0.45%
ALLE	D	-0.44%
EXEL	B	-0.43%
CAH	B	-0.4%
ALRM	C	-0.4%
BK	A	-0.36%
TDC	D	-0.35%
PPG	F	-0.34%
ANF	C	-0.33%
LDOS	C	-0.32%
NUE	C	-0.32%
MEDP	D	-0.31%
GRMN	B	-0.31%
CACI	D	-0.3%
SKYW	B	-0.29%
HWM	A	-0.27%
INCY	C	-0.27%
IDXX	F	-0.26%
TROW	B	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
GL	B	-0.2%
CLX	B	-0.2%
GAP	C	-0.18%
DOCU	A	-0.18%
HLT	A	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
SPG	B	-0.16%
PEGA	A	-0.16%
TPH	D	-0.15%
GEN	B	-0.13%
VEEV	C	-0.12%
CINF	A	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
QRVO	F	-0.11%
VST	B	-0.11%
KR	B	-0.11%
ROST	C	-0.1%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
DOC	D	-0.08%
ALL	A	-0.07%
BCC	B	-0.07%
L	A	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
UTHR	C	-0.05%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%