KVLE vs. FHEQ ETF Comparison

Comparison of KFA Value Line Dynamic Core Equity Index ETF (KVLE) to Fidelity Hedged Equity ETF (FHEQ)

KVLE

KFA Value Line Dynamic Core Equity Index ETF

KVLE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific equity securities index, the Value Line®Dynamic Core Equity Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index. It may invest up to 20% of its assets in instruments that are not included in the underlying index, but that Fund's adviser, Krane Funds Advisors, LLC, believes will help the fund track the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.76

Average Daily Volume

3,768

Number of Holdings ^*

* 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	KVLE	FHEQ
30 Days	2.70%	2.51%
60 Days	5.03%	3.80%
90 Days	7.18%	4.54%
12 Months	27.85%

37 Overlapping Holdings

Symbol	Grade	Weight in KVLE	Weight in FHEQ	Overlap
AAPL	C	5.13%	7.31%	5.13%
ABBV	D	1.18%	1.0%	1.0%
ADP	B	1.69%	0.16%	0.16%
ALL	A	0.44%	0.07%	0.07%
AMGN	D	0.82%	0.24%	0.24%
AMZN	C	3.18%	3.64%	3.18%
BMY	B	1.86%	0.68%	0.68%
CL	D	0.45%	0.58%	0.45%
CMCSA	B	1.6%	0.83%	0.83%
CME	A	0.46%	0.37%	0.37%
CSCO	B	1.93%	0.79%	0.79%
CVS	D	0.1%	0.22%	0.1%
CVX	A	1.02%	0.02%	0.02%
GILD	C	1.58%	0.73%	0.73%
GOOG	C	3.45%	1.74%	1.74%
HD	A	2.24%	1.32%	1.32%
JNJ	D	0.45%	0.61%	0.45%
JPM	A	1.13%	1.82%	1.13%
LLY	F	0.99%	0.76%	0.76%
LMT	D	1.27%	0.69%	0.69%
META	D	2.13%	2.87%	2.13%
MRK	F	0.98%	0.69%	0.69%
MS	A	0.75%	0.16%	0.16%
MSFT	F	5.68%	5.64%	5.64%
NFLX	A	0.35%	1.26%	0.35%
NVDA	C	7.5%	7.27%	7.27%
ORCL	B	0.18%	0.04%	0.04%
PFE	D	1.58%	0.56%	0.56%
PG	A	0.87%	0.87%	0.87%
PM	B	0.28%	0.92%	0.28%
PSA	D	1.48%	0.19%	0.19%
RTX	C	0.23%	0.44%	0.23%
SPG	B	0.85%	0.16%	0.16%
TMO	F	0.39%	0.26%	0.26%
TROW	B	1.35%	0.23%	0.23%
UNP	C	0.87%	0.73%	0.73%
VZ	C	1.48%	0.18%	0.18%

KVLE Overweight 49 Positions Relative to FHEQ

Symbol	Grade	Weight
MO	A	1.88%
GS	A	1.8%
APH	A	1.66%
APD	A	1.66%
TXN	C	1.65%
PAYX	C	1.58%
FAST	B	1.56%
DTM	B	1.54%
WEC	A	1.5%
CALM	A	1.5%
KMB	D	1.42%
MMS	F	1.34%
UPS	C	1.32%
HESM	B	1.19%
DOW	F	1.18%
WU	D	1.17%
IBM	C	1.16%
PKG	A	1.11%
ETR	B	0.94%
CMI	A	0.89%
FLO	D	0.88%
WSO	A	0.87%
PSX	C	0.86%
ED	D	0.86%
PEG	A	0.67%
CAG	D	0.65%
AEP	D	0.64%
EPD	A	0.62%
RHI	B	0.6%
SNA	A	0.6%
MCD	D	0.59%
UGI	A	0.58%
VIRT	B	0.57%
OGS	A	0.56%
MSM	C	0.55%
AFL	B	0.36%
OKE	A	0.33%
MCK	B	0.31%
KO	D	0.31%
NTAP	C	0.29%
POWL	C	0.27%
DKS	C	0.25%
RF	A	0.25%
SR	A	0.24%
DUK	C	0.17%
GD	F	0.14%
GIS	D	0.14%
CFG	B	0.13%
APP	B	0.1%

KVLE Underweight 131 Positions Relative to FHEQ

Symbol	Grade	Weight
BRK.A	B	-2.19%
GOOGL	C	-2.02%
XOM	B	-1.54%
AVGO	D	-1.49%
MA	C	-1.34%
TSLA	B	-1.26%
BAC	A	-1.17%
CRM	B	-1.09%
ADBE	C	-0.93%
QCOM	F	-0.84%
WMT	A	-0.8%
NEE	D	-0.73%
TJX	A	-0.73%
AMAT	F	-0.7%
TT	A	-0.69%
T	A	-0.67%
CTAS	B	-0.66%
CI	F	-0.63%
PGR	A	-0.63%
ECL	D	-0.62%
SQ	B	-0.59%
BDX	F	-0.59%
UNH	C	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
SEIC	B	-0.54%
C	A	-0.54%
PYPL	B	-0.54%
KLAC	D	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
ZBRA	B	-0.47%
V	A	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
COST	B	-0.45%
ALLE	D	-0.44%
EOG	A	-0.43%
CSX	B	-0.43%
AXP	A	-0.43%
EXEL	B	-0.43%
PCAR	B	-0.42%
CAH	B	-0.4%
ALRM	C	-0.4%
WM	A	-0.38%
BK	A	-0.36%
TDC	D	-0.35%
PPG	F	-0.34%
NOW	A	-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%
TMUS	B	-0.29%
SKYW	B	-0.29%
SPGI	C	-0.28%
HWM	A	-0.27%
INCY	C	-0.27%
MSI	B	-0.26%
IDXX	F	-0.26%
NSC	B	-0.26%
FTNT	C	-0.24%
AMT	D	-0.24%
BLK	C	-0.23%
LRCX	F	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
MMM	D	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
RSG	A	-0.2%
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%
WDAY	B	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	D	-0.14%
GEN	B	-0.13%
DASH	A	-0.12%
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%
ANET	C	-0.08%
DOC	D	-0.08%
BCC	B	-0.07%
MDLZ	F	-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%