JUST vs. FHEQ ETF Comparison

Comparison of Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) to Fidelity Hedged Equity ETF (FHEQ)

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$84.67

Average Daily Volume

16,662

Number of Holdings ^*

456

* 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	JUST	FHEQ
30 Days	2.45%	2.51%
60 Days	4.36%	3.80%
90 Days	5.67%	4.54%
12 Months	31.80%

111 Overlapping Holdings

Symbol	Grade	Weight in JUST	Weight in FHEQ	Overlap
AAPL	C	7.27%	7.31%	7.27%
ABBV	D	0.68%	1.0%	0.68%
ADBE	C	0.49%	0.93%	0.49%
ADP	B	0.32%	0.16%	0.16%
ALL	A	0.15%	0.07%	0.07%
AMAT	F	0.32%	0.7%	0.32%
AME	A	0.11%	0.22%	0.11%
AMGN	D	0.35%	0.24%	0.24%
AMT	D	0.32%	0.24%	0.24%
AMZN	C	4.59%	3.64%	3.64%
AVGO	D	1.63%	1.49%	1.49%
AXP	A	0.42%	0.43%	0.42%
BAC	A	0.92%	1.17%	0.92%
BAH	F	0.05%	0.09%	0.05%
BBWI	D	0.02%	0.11%	0.02%
BDX	F	0.15%	0.59%	0.15%
BIIB	F	0.05%	0.21%	0.05%
BK	A	0.17%	0.36%	0.17%
BLD	D	0.03%	0.05%	0.03%
BLK	C	0.44%	0.23%	0.23%
BMY	B	0.26%	0.68%	0.26%
C	A	0.38%	0.54%	0.38%
CAH	B	0.07%	0.4%	0.07%
CAT	B	0.48%	0.48%	0.48%
CI	F	0.21%	0.63%	0.21%
CL	D	0.2%	0.58%	0.2%
CLX	B	0.05%	0.2%	0.05%
CMCSA	B	0.37%	0.83%	0.37%
CME	A	0.24%	0.37%	0.24%
CMG	B	0.22%	0.49%	0.22%
COST	B	1.13%	0.45%	0.45%
CRM	B	0.69%	1.09%	0.69%
CRUS	D	0.01%	0.06%	0.01%
CSCO	B	0.52%	0.79%	0.52%
CSX	B	0.18%	0.43%	0.18%
CVS	D	0.19%	0.22%	0.19%
CVX	A	0.67%	0.02%	0.02%
DBX	B	0.02%	0.51%	0.02%
DIS	B	0.56%	0.57%	0.56%
DOCU	A	0.04%	0.18%	0.04%
DVN	F	0.06%	0.53%	0.06%
ECL	D	0.16%	0.62%	0.16%
ETN	A	0.38%	0.15%	0.15%
EXEL	B	0.02%	0.43%	0.02%
F	C	0.11%	0.15%	0.11%
FTNT	C	0.13%	0.24%	0.13%
GAP	C	0.01%	0.18%	0.01%
GE	D	0.5%	0.45%	0.45%
GEN	B	0.04%	0.13%	0.04%
GILD	C	0.25%	0.73%	0.25%
GOOG	C	1.82%	1.74%	1.74%
GOOGL	C	2.16%	2.02%	2.02%
GRMN	B	0.09%	0.31%	0.09%
HD	A	1.08%	1.32%	1.08%
HLT	A	0.17%	0.18%	0.17%
IDXX	F	0.08%	0.26%	0.08%
INCY	C	0.02%	0.27%	0.02%
JPM	A	2.04%	1.82%	1.82%
LDOS	C	0.05%	0.32%	0.05%
LHX	C	0.12%	0.23%	0.12%
LLY	F	1.35%	0.76%	0.76%
LMT	D	0.29%	0.69%	0.29%
LPLA	A	0.07%	0.03%	0.03%
LRCX	F	0.21%	0.23%	0.21%
MA	C	1.09%	1.34%	1.09%
MDLZ	F	0.22%	0.07%	0.07%
MGM	D	0.02%	0.22%	0.02%
MMC	B	0.32%	0.52%	0.32%
MMM	D	0.18%	0.22%	0.18%
MRK	F	0.57%	0.69%	0.57%
MS	A	0.46%	0.16%	0.16%
MSCI	C	0.13%	0.49%	0.13%
MSFT	F	6.72%	5.64%	5.64%
MU	D	0.25%	0.47%	0.25%
NEE	D	0.44%	0.73%	0.44%
NOC	D	0.17%	0.56%	0.17%
NOW	A	0.47%	0.34%	0.34%
NVDA	C	7.51%	7.27%	7.27%
PEGA	A	0.01%	0.16%	0.01%
PFE	D	0.32%	0.56%	0.32%
PG	A	1.04%	0.87%	0.87%
PGR	A	0.45%	0.63%	0.45%
PPG	F	0.07%	0.34%	0.07%
PYPL	B	0.22%	0.54%	0.22%
QCOM	F	0.38%	0.84%	0.38%
RTX	C	0.41%	0.44%	0.41%
SCHW	B	0.35%	0.56%	0.35%
SOLV	C	0.02%	0.12%	0.02%
SPGI	C	0.46%	0.28%	0.28%
T	A	0.37%	0.67%	0.37%
TDC	D	0.01%	0.35%	0.01%
TJX	A	0.36%	0.73%	0.36%
TMO	F	0.44%	0.26%	0.26%
TMUS	B	0.26%	0.29%	0.26%
TRV	B	0.17%	0.49%	0.17%
TT	A	0.24%	0.69%	0.24%
TXT	D	0.04%	0.51%	0.04%
UBER	D	0.37%	0.14%	0.14%
UNH	C	1.23%	0.57%	0.57%
UNM	A	0.04%	0.01%	0.01%
UNP	C	0.37%	0.73%	0.37%
V	A	1.25%	0.47%	0.47%
VST	B	0.16%	0.11%	0.11%
VZ	C	0.4%	0.18%	0.18%
WDAY	B	0.12%	0.16%	0.12%
WM	A	0.25%	0.38%	0.25%
WMT	A	1.02%	0.8%	0.8%
XEL	A	0.11%	0.21%	0.11%
XOM	B	1.31%	1.54%	1.31%
ZBRA	B	0.05%	0.47%	0.05%
ZM	B	0.05%	0.52%	0.05%

JUST Overweight 345 Positions Relative to FHEQ

Symbol	Grade	Weight
KO	D	0.63%
ACN	C	0.58%
LIN	D	0.57%
PEP	F	0.56%
GS	A	0.55%
AMD	F	0.48%
BKNG	A	0.47%
IBM	C	0.45%
ABT	B	0.45%
ISRG	A	0.44%
INTU	C	0.4%
LOW	D	0.4%
TXN	C	0.39%
HON	B	0.38%
PLD	D	0.36%
DHR	F	0.34%
SYK	C	0.32%
FI	A	0.32%
COP	C	0.31%
SBUX	A	0.3%
BSX	B	0.3%
EQIX	A	0.3%
DE	A	0.28%
ICE	C	0.26%
VRTX	F	0.26%
PANW	C	0.26%
DUK	C	0.25%
BA	F	0.25%
PNC	B	0.24%
GEV	B	0.24%
NKE	D	0.24%
MDT	D	0.24%
UPS	C	0.24%
INTC	D	0.23%
SHW	A	0.23%
ADI	D	0.23%
USB	A	0.23%
AON	A	0.22%
MCO	B	0.22%
CEG	D	0.22%
DLR	B	0.21%
MCK	B	0.21%
ELV	F	0.21%
APD	A	0.19%
TFC	A	0.18%
CDNS	B	0.18%
AFL	B	0.18%
ZTS	D	0.18%
SNPS	B	0.18%
EMR	A	0.18%
GM	B	0.17%
SRE	A	0.17%
AMP	A	0.17%
FDX	B	0.17%
WMB	A	0.17%
MRVL	B	0.17%
MAR	B	0.17%
COF	B	0.17%
REGN	F	0.17%
OKE	A	0.16%
CARR	D	0.16%
FCX	D	0.16%
MET	A	0.15%
ADSK	A	0.15%
TGT	F	0.15%
RCL	A	0.15%
ABNB	C	0.15%
CCI	D	0.15%
D	C	0.14%
CBRE	B	0.14%
HCA	F	0.14%
AIG	B	0.14%
URI	B	0.14%
JCI	C	0.14%
AEP	D	0.14%
CMI	A	0.13%
PEG	A	0.13%
CPRT	A	0.13%
NEM	D	0.13%
KMI	A	0.13%
PRU	A	0.13%
MPC	D	0.13%
KMB	D	0.12%
IRM	D	0.12%
EA	A	0.12%
LNG	B	0.12%
PWR	A	0.12%
DFS	B	0.12%
VRSK	A	0.11%
CSGP	D	0.11%
BKR	B	0.11%
IR	B	0.11%
EXC	C	0.11%
VLO	C	0.11%
DAL	C	0.11%
AVB	B	0.11%
EQR	B	0.1%
NDAQ	A	0.1%
SYY	B	0.1%
HES	B	0.1%
LULU	C	0.1%
COR	B	0.1%
ACGL	D	0.1%
HIG	B	0.1%
MTB	A	0.1%
OTIS	C	0.1%
A	D	0.09%
CTSH	B	0.09%
DD	D	0.09%
VTR	C	0.09%
WAB	B	0.09%
IT	C	0.09%
ETR	B	0.09%
GIS	D	0.09%
EIX	B	0.09%
KDP	D	0.09%
FITB	A	0.09%
WTW	B	0.09%
MLM	B	0.09%
EW	C	0.09%
AWK	D	0.08%
WY	D	0.08%
XYL	D	0.08%
BR	A	0.08%
RMD	C	0.08%
TSCO	D	0.08%
KEYS	A	0.08%
CHTR	C	0.08%
IQV	D	0.08%
ROK	B	0.08%
DOW	F	0.08%
HPQ	B	0.08%
SBAC	D	0.08%
HUM	C	0.08%
GLW	B	0.08%
OXY	D	0.08%
EBAY	D	0.08%
TTWO	A	0.08%
STT	A	0.08%
UAL	A	0.08%
SYF	B	0.07%
ON	D	0.07%
WBD	C	0.07%
ADM	D	0.07%
HSY	F	0.07%
DXCM	D	0.07%
NET	B	0.07%
ESS	B	0.07%
ANSS	B	0.07%
HAL	C	0.07%
AEE	A	0.07%
ALNY	D	0.07%
FTV	C	0.07%
PPL	B	0.07%
RF	A	0.07%
CNC	D	0.07%
DECK	A	0.07%
HBAN	A	0.07%
LII	A	0.06%
CNP	B	0.06%
TYL	B	0.06%
NRG	B	0.06%
K	A	0.06%
MPWR	F	0.06%
KIM	A	0.06%
WSM	B	0.06%
IFF	D	0.06%
GDDY	A	0.06%
PFG	D	0.06%
NTAP	C	0.06%
EXPE	B	0.06%
ES	D	0.06%
HPE	B	0.06%
CBOE	B	0.06%
TW	A	0.05%
EQH	B	0.05%
MDB	C	0.05%
OC	A	0.05%
LH	C	0.05%
WDC	D	0.05%
LVS	C	0.05%
ILMN	D	0.05%
TSN	B	0.05%
BALL	D	0.05%
FSLR	F	0.05%
TRU	D	0.05%
WAT	B	0.05%
BBY	D	0.05%
ZBH	C	0.05%
UDR	B	0.05%
KEY	B	0.05%
LUV	C	0.05%
MKC	D	0.05%
OMC	C	0.05%
LYB	F	0.05%
CSL	C	0.05%
KMX	B	0.04%
TER	D	0.04%
BAX	D	0.04%
TPR	B	0.04%
NDSN	B	0.04%
AFRM	B	0.04%
GWRE	A	0.04%
ACM	A	0.04%
USFD	A	0.04%
NTNX	A	0.04%
APTV	D	0.04%
ZS	C	0.04%
DGX	A	0.04%
JLL	D	0.04%
HOLX	D	0.04%
EL	F	0.04%
BXP	D	0.04%
Z	A	0.04%
PNR	A	0.04%
RGA	A	0.04%
MAS	D	0.04%
IEX	B	0.04%
J	F	0.04%
CF	B	0.04%
SOFI	A	0.04%
AAL	B	0.03%
OKTA	C	0.03%
PNFP	B	0.03%
INGR	B	0.03%
DAY	B	0.03%
ARMK	B	0.03%
CMA	A	0.03%
AYI	B	0.03%
MKTX	D	0.03%
ATR	B	0.03%
MRNA	F	0.03%
TAP	C	0.03%
ALLY	C	0.03%
CNH	C	0.03%
NWSA	B	0.03%
PNW	B	0.03%
DKS	C	0.03%
FOXA	B	0.03%
AA	B	0.03%
AVTR	F	0.03%
IPG	D	0.03%
EMN	D	0.03%
NCLH	B	0.03%
AKAM	D	0.03%
OWL	A	0.03%
FHN	A	0.03%
ITT	A	0.03%
CHRW	C	0.03%
ALB	C	0.03%
BG	F	0.03%
NVT	B	0.03%
FFIV	B	0.03%
AIZ	A	0.03%
SCI	B	0.03%
SWK	D	0.03%
CLF	F	0.02%
AGCO	D	0.02%
LEA	D	0.02%
SMAR	A	0.02%
SLM	A	0.02%
WBA	F	0.02%
FOX	A	0.02%
ESTC	C	0.02%
WHR	B	0.02%
THG	A	0.02%
RGEN	D	0.02%
SITE	D	0.02%
LNC	B	0.02%
PVH	C	0.02%
AZEK	A	0.02%
APA	D	0.02%
ETSY	D	0.02%
FCN	D	0.02%
PARA	C	0.02%
MTCH	D	0.02%
AWI	A	0.02%
ALK	C	0.02%
VFC	C	0.02%
OSK	B	0.02%
KBR	F	0.02%
COLB	A	0.02%
LPX	B	0.02%
IVZ	B	0.02%
FMC	D	0.02%
DVA	B	0.02%
AXS	A	0.02%
TFX	F	0.02%
MTG	C	0.02%
H	B	0.02%
RRC	B	0.02%
HRB	D	0.02%
BERY	B	0.02%
HSIC	B	0.02%
BWA	D	0.02%
WH	B	0.02%
CE	F	0.02%
MOS	F	0.02%
HAS	D	0.02%
GPK	C	0.02%
CIEN	B	0.02%
VOYA	B	0.02%
CPB	D	0.02%
SNV	B	0.02%
HRL	D	0.02%
FBIN	D	0.02%
AES	F	0.02%
JNPR	F	0.02%
CAR	C	0.01%
PINC	B	0.01%
DV	C	0.01%
RARE	D	0.01%
NVST	B	0.01%
AGR	B	0.01%
PENN	C	0.01%
SPR	D	0.01%
OGN	D	0.01%
PAG	B	0.01%
XRAY	F	0.01%
YETI	C	0.01%
BHF	B	0.01%
W	F	0.01%
PII	D	0.01%
MDU	D	0.01%
NWS	B	0.01%
WU	D	0.01%
TNL	A	0.01%
M	D	0.01%
INSP	D	0.01%
HOG	D	0.01%
ST	F	0.01%
TKR	D	0.01%
SON	D	0.01%
CHH	A	0.01%
LITE	B	0.01%
GTLB	B	0.01%
LOPE	B	0.01%
DINO	D	0.01%
AGO	B	0.01%
ZG	A	0.01%
VNT	B	0.01%
QS	F	0.0%
SNDR	B	0.0%
RKT	F	0.0%
KSS	F	0.0%

JUST Underweight 57 Positions Relative to FHEQ

Symbol	Grade	Weight
META	D	-2.87%
BRK.A	B	-2.19%
TSLA	B	-1.26%
NFLX	A	-1.26%
PM	B	-0.92%
CTAS	B	-0.66%
JNJ	D	-0.61%
SQ	B	-0.59%
SEIC	B	-0.54%
KLAC	D	-0.54%
CVNA	B	-0.52%
IGT	F	-0.45%
ALLE	D	-0.44%
EOG	A	-0.43%
PCAR	B	-0.42%
ALRM	C	-0.4%
ANF	C	-0.33%
NUE	C	-0.32%
MEDP	D	-0.31%
CACI	D	-0.3%
SKYW	B	-0.29%
HWM	A	-0.27%
MSI	B	-0.26%
NSC	B	-0.26%
TROW	B	-0.23%
RSG	A	-0.2%
GL	B	-0.2%
PSA	D	-0.19%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
SPG	B	-0.16%
TPH	D	-0.15%
WFC	A	-0.15%
DASH	A	-0.12%
VEEV	C	-0.12%
CINF	A	-0.12%
NBIX	C	-0.11%
QRVO	F	-0.11%
KR	B	-0.11%
ROST	C	-0.1%
PLTK	B	-0.1%
MKL	A	-0.09%
ANET	C	-0.08%
DOC	D	-0.08%
BCC	B	-0.07%
L	A	-0.07%
TENB	C	-0.06%
LYFT	C	-0.06%
UTHR	C	-0.05%
ORCL	B	-0.04%
QGEN	D	-0.04%
SCCO	F	-0.04%
MHO	D	-0.02%
TWLO	A	-0.02%
NWL	B	-0.01%
OGE	B	-0.01%