LRGF vs. FHEQ ETF Comparison

Comparison of iShares FactorSelect MSCI USA ETF (LRGF) to Fidelity Hedged Equity ETF (FHEQ)

LRGF

iShares FactorSelect MSCI USA ETF

LRGF Description

The investment seeks to track the investment results of the MSCI USA Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). 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. The underlying index is designed to select equity securities from MSCI USA Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.96

Average Daily Volume

91,138

Number of Holdings ^*

272

* 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	LRGF	FHEQ
30 Days	4.57%	2.51%
60 Days	6.07%	3.80%
90 Days	7.74%	4.54%
12 Months	37.24%

89 Overlapping Holdings

Symbol	Grade	Weight in LRGF	Weight in FHEQ	Overlap
AAPL	C	6.35%	7.31%	6.35%
ABBV	D	0.9%	1.0%	0.9%
ADBE	C	0.28%	0.93%	0.28%
ADP	B	0.16%	0.16%	0.16%
AMAT	F	0.46%	0.7%	0.46%
AMGN	D	0.42%	0.24%	0.24%
AMT	D	0.09%	0.24%	0.09%
AMZN	C	3.01%	3.64%	3.01%
ANET	C	0.3%	0.08%	0.08%
ANF	C	0.27%	0.33%	0.27%
AVGO	D	1.82%	1.49%	1.49%
AXP	A	0.24%	0.43%	0.24%
BAC	A	0.37%	1.17%	0.37%
BBWI	D	0.14%	0.11%	0.11%
BDX	F	0.02%	0.59%	0.02%
BK	A	0.61%	0.36%	0.36%
BLK	C	0.24%	0.23%	0.23%
BMY	B	0.72%	0.68%	0.68%
BRK.A	B	0.5%	2.19%	0.5%
C	A	0.15%	0.54%	0.15%
CAT	B	0.26%	0.48%	0.26%
CI	F	0.21%	0.63%	0.21%
CMCSA	B	0.41%	0.83%	0.41%
COST	B	0.54%	0.45%	0.45%
CRM	B	0.12%	1.09%	0.12%
CRUS	D	0.05%	0.06%	0.05%
CSCO	B	0.4%	0.79%	0.4%
CTAS	B	0.38%	0.66%	0.38%
CVNA	B	0.02%	0.52%	0.02%
CVS	D	0.17%	0.22%	0.17%
CVX	A	0.54%	0.02%	0.02%
DOCU	A	0.33%	0.18%	0.18%
EOG	A	0.01%	0.43%	0.01%
ETN	A	0.38%	0.15%	0.15%
F	C	0.18%	0.15%	0.15%
FTNT	C	0.49%	0.24%	0.24%
GE	D	0.14%	0.45%	0.14%
GEHC	F	0.41%	0.17%	0.17%
GILD	C	0.49%	0.73%	0.49%
GL	B	0.1%	0.2%	0.1%
GOOG	C	1.8%	1.74%	1.74%
HD	A	0.58%	1.32%	0.58%
JNJ	D	0.87%	0.61%	0.61%
JPM	A	1.64%	1.82%	1.64%
KLAC	D	0.31%	0.54%	0.31%
KR	B	0.35%	0.11%	0.11%
LLY	F	1.09%	0.76%	0.76%
LMT	D	0.19%	0.69%	0.19%
LRCX	F	0.2%	0.23%	0.2%
MA	C	0.75%	1.34%	0.75%
MDLZ	F	0.1%	0.07%	0.07%
MEDP	D	0.28%	0.31%	0.28%
META	D	2.16%	2.87%	2.16%
MGM	D	0.03%	0.22%	0.03%
MMM	D	0.13%	0.22%	0.13%
MRK	F	0.57%	0.69%	0.57%
MS	A	0.11%	0.16%	0.11%
MSCI	C	0.37%	0.49%	0.37%
MSFT	F	5.67%	5.64%	5.64%
MSI	B	0.22%	0.26%	0.22%
NEE	D	0.17%	0.73%	0.17%
NFLX	A	0.19%	1.26%	0.19%
NOW	A	0.04%	0.34%	0.04%
NUE	C	0.21%	0.32%	0.21%
NVDA	C	6.55%	7.27%	6.55%
ORCL	B	0.16%	0.04%	0.04%
PCAR	B	0.23%	0.42%	0.23%
PFE	D	0.31%	0.56%	0.31%
PG	A	1.26%	0.87%	0.87%
PM	B	0.4%	0.92%	0.4%
PSA	D	0.23%	0.19%	0.19%
QCOM	F	0.45%	0.84%	0.45%
SOLV	C	0.2%	0.12%	0.12%
SPG	B	0.38%	0.16%	0.16%
SPGI	C	0.43%	0.28%	0.28%
T	A	0.59%	0.67%	0.59%
TMO	F	0.27%	0.26%	0.26%
TRV	B	0.2%	0.49%	0.2%
TSLA	B	0.76%	1.26%	0.76%
TT	A	0.21%	0.69%	0.21%
UBER	D	0.28%	0.14%	0.14%
UNH	C	0.89%	0.57%	0.57%
UNM	A	0.09%	0.01%	0.01%
V	A	1.28%	0.47%	0.47%
VST	B	0.45%	0.11%	0.11%
VZ	C	0.34%	0.18%	0.18%
WFC	A	0.5%	0.15%	0.15%
WMT	A	1.03%	0.8%	0.8%
XOM	B	0.94%	1.54%	0.94%

LRGF Overweight 183 Positions Relative to FHEQ

Symbol	Grade	Weight
BKNG	A	1.17%
APP	B	0.94%
LIN	D	0.91%
PEP	F	0.87%
MCD	D	0.63%
FICO	B	0.61%
KO	D	0.61%
TEAM	A	0.6%
GS	A	0.59%
LOW	D	0.58%
MPC	D	0.57%
ABT	B	0.53%
BLDR	D	0.53%
GM	B	0.52%
AWK	D	0.52%
ED	D	0.51%
MCK	B	0.5%
HPE	B	0.48%
IBKR	A	0.46%
DUOL	A	0.44%
NTNX	A	0.43%
AMP	A	0.41%
PAYX	C	0.4%
MELI	D	0.39%
AFL	B	0.38%
AYI	B	0.37%
WSM	B	0.36%
IT	C	0.36%
HOLX	D	0.36%
DELL	C	0.35%
MANH	D	0.34%
VLO	C	0.33%
WY	D	0.33%
DECK	A	0.32%
CRH	A	0.32%
TPR	B	0.32%
INTU	C	0.31%
EBAY	D	0.31%
CR	A	0.31%
JBL	B	0.31%
BRX	A	0.31%
EMR	A	0.31%
TGT	F	0.3%
ABNB	C	0.3%
HRB	D	0.3%
YUM	B	0.3%
AIG	B	0.3%
MLI	C	0.29%
EQR	B	0.29%
CNM	D	0.29%
FERG	B	0.29%
ELV	F	0.29%
GTLB	B	0.28%
PCOR	B	0.28%
MTD	D	0.27%
EME	C	0.27%
OTIS	C	0.27%
RS	B	0.27%
STLD	B	0.26%
SYF	B	0.26%
JHG	A	0.26%
WING	D	0.26%
FOXA	B	0.25%
ALLY	C	0.25%
BBY	D	0.24%
RHI	B	0.24%
GIS	D	0.23%
DVA	B	0.23%
STT	A	0.22%
AVB	B	0.22%
NDAQ	A	0.22%
CRWD	B	0.22%
COF	B	0.22%
WFRD	D	0.21%
AN	C	0.21%
DUK	C	0.21%
ITW	B	0.21%
QLYS	C	0.2%
WEC	A	0.2%
AMG	B	0.2%
HPQ	B	0.19%
CDNS	B	0.19%
SBUX	A	0.19%
PRU	A	0.19%
VRTX	F	0.19%
ESTC	C	0.18%
CVLT	B	0.18%
ETSY	D	0.18%
PANW	C	0.18%
SNPS	B	0.18%
IOT	A	0.17%
R	B	0.17%
SYK	C	0.17%
DKS	C	0.17%
EXC	C	0.16%
MOH	F	0.16%
IBM	C	0.16%
HUBS	A	0.15%
OMC	C	0.15%
WTS	B	0.15%
ACN	C	0.14%
HUM	C	0.14%
SMAR	A	0.14%
AZO	C	0.14%
RMBS	C	0.14%
KMI	A	0.14%
FNF	B	0.13%
NVT	B	0.13%
AMD	F	0.13%
DTE	C	0.13%
VOYA	B	0.13%
RL	B	0.12%
ELF	C	0.12%
SO	D	0.12%
CPNG	D	0.12%
GWW	B	0.11%
OLN	D	0.11%
RRC	B	0.11%
ZS	C	0.11%
OKTA	C	0.11%
FI	A	0.11%
MUSA	A	0.11%
TTEK	F	0.1%
COKE	C	0.1%
MO	A	0.1%
MDT	D	0.1%
PH	A	0.1%
APA	D	0.09%
MRO	B	0.09%
EXE	B	0.08%
PVH	C	0.08%
MCHP	D	0.08%
VLTO	D	0.08%
HOG	D	0.08%
AGNC	D	0.07%
TAP	C	0.07%
SRE	A	0.07%
SHW	A	0.07%
ADM	D	0.07%
LPX	B	0.07%
CMC	B	0.07%
ACGL	D	0.07%
PLD	D	0.07%
CARR	D	0.07%
LNTH	D	0.07%
CHTR	C	0.07%
ACI	C	0.06%
RGA	A	0.06%
SFM	A	0.05%
FE	C	0.05%
PFG	D	0.05%
COP	C	0.05%
CEG	D	0.05%
EG	C	0.05%
AR	B	0.04%
THO	B	0.04%
DOW	F	0.04%
MRNA	F	0.04%
BXP	D	0.04%
XRAY	F	0.04%
HSY	F	0.04%
SSD	D	0.04%
TXN	C	0.04%
LII	A	0.03%
DE	A	0.03%
HIG	B	0.03%
MOD	A	0.03%
ZBH	C	0.03%
UAL	A	0.03%
AGCO	D	0.03%
MET	A	0.03%
PATH	C	0.02%
NTAP	C	0.02%
BSX	B	0.02%
NWSA	B	0.02%
MUR	D	0.02%
KHC	F	0.02%
LYV	A	0.02%
RPRX	D	0.01%
EXPD	D	0.01%
ULTA	F	0.01%
PSX	C	0.01%
FDX	B	0.01%

LRGF Underweight 79 Positions Relative to FHEQ

Symbol	Grade	Weight
GOOGL	C	-2.02%
UNP	C	-0.73%
TJX	A	-0.73%
PGR	A	-0.63%
ECL	D	-0.62%
SQ	B	-0.59%
CL	D	-0.58%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
SEIC	B	-0.54%
PYPL	B	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
CMG	B	-0.49%
MU	D	-0.47%
ZBRA	B	-0.47%
IGT	F	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
CSX	B	-0.43%
EXEL	B	-0.43%
CAH	B	-0.4%
ALRM	C	-0.4%
WM	A	-0.38%
CME	A	-0.37%
TDC	D	-0.35%
PPG	F	-0.34%
LDOS	C	-0.32%
GRMN	B	-0.31%
CACI	D	-0.3%
TMUS	B	-0.29%
SKYW	B	-0.29%
HWM	A	-0.27%
INCY	C	-0.27%
IDXX	F	-0.26%
NSC	B	-0.26%
TROW	B	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
RSG	A	-0.2%
CLX	B	-0.2%
GAP	C	-0.18%
HLT	A	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
WDAY	B	-0.16%
PEGA	A	-0.16%
TPH	D	-0.15%
GEN	B	-0.13%
DASH	A	-0.12%
VEEV	C	-0.12%
CINF	A	-0.12%
NBIX	C	-0.11%
QRVO	F	-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%
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%
NWL	B	-0.01%
OGE	B	-0.01%