LRND vs. FFLC ETF Comparison

Comparison of IQ U.S. Large Cap R&D Leaders ETF (LRND) to Fidelity Fundamental Large Cap Core ETF (FFLC)

LRND

IQ U.S. Large Cap R&D Leaders ETF

LRND Description

IQ U.S. Large Cap R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the IQ U.S. Large Cap R&D Leaders Index, by using full replication technique. IQ U.S. Large Cap R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.23

Average Daily Volume

605

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.70

Average Daily Volume

97,360

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	LRND	FFLC
30 Days	4.62%	5.05%
60 Days	11.05%	12.18%
90 Days	-0.96%	3.63%
12 Months	33.73%	43.15%

35 Overlapping Holdings

Symbol	Grade	Weight in LRND	Weight in FFLC	Overlap
AAPL	C	6.57%	4.51%	4.51%
ABNB	D	0.29%	0.5%	0.29%
ADBE	F	0.69%	1.41%	0.69%
ADI	B	0.3%	0.55%	0.3%
AMD	C	1.17%	1.27%	1.17%
AMZN	C	8.25%	3.26%	3.26%
APTV	D	0.24%	0.71%	0.24%
BA	F	0.58%	1.31%	0.58%
BSX	A	0.3%	1.23%	0.3%
CAT	A	0.5%	0.75%	0.5%
CRM	B	1.09%	0.98%	0.98%
CSCO	A	1.68%	0.44%	0.44%
DHR	D	0.34%	0.82%	0.34%
GE	B	0.44%	0.9%	0.44%
GILD	A	1.33%	0.29%	0.29%
GOOGL	B	8.06%	2.4%	2.4%
INTU	F	0.51%	0.92%	0.51%
LLY	D	1.9%	1.93%	1.9%
LMT	A	0.36%	0.68%	0.36%
META	A	6.84%	2.57%	2.57%
MRK	F	4.25%	0.26%	0.26%
MRVL	C	0.36%	0.04%	0.04%
MSFT	D	5.2%	7.7%	5.2%
MU	D	0.45%	0.14%	0.14%
NFLX	A	0.54%	1.06%	0.54%
NOC	B	0.28%	0.6%	0.28%
NVDA	B	1.76%	3.39%	1.76%
ORCL	A	2.07%	0.79%	0.79%
REGN	D	0.79%	0.76%	0.76%
SNPS	F	0.33%	0.44%	0.33%
SPOT	C	0.38%	0.4%	0.38%
SYK	C	0.27%	0.67%	0.27%
TMO	D	0.28%	1.03%	0.28%
UBER	C	0.66%	1.04%	0.66%
WDAY	D	0.54%	0.44%	0.44%

LRND Overweight 64 Positions Relative to FFLC

Symbol	Grade	Weight
JNJ	D	3.21%
INTC	D	2.37%
BMY	A	2.28%
PFE	D	2.13%
GM	D	1.79%
IBM	A	1.71%
ABBV	C	1.63%
AVGO	B	1.49%
F	D	1.41%
QCOM	D	1.34%
TSLA	C	1.2%
AMGN	D	1.02%
PYPL	A	0.74%
VRTX	D	0.66%
RTX	A	0.63%
MDT	C	0.58%
SQ	D	0.57%
ABT	C	0.57%
AMAT	C	0.51%
NOW	B	0.51%
EA	D	0.48%
DE	C	0.48%
MMM	C	0.46%
HPE	B	0.44%
DELL	C	0.44%
MRNA	F	0.41%
PG	D	0.4%
TXN	C	0.38%
TEAM	D	0.38%
RIVN	F	0.38%
PANW	B	0.36%
EBAY	A	0.36%
BIIB	F	0.35%
CMI	A	0.34%
ALNY	C	0.33%
INCY	B	0.33%
RBLX	D	0.32%
WDC	C	0.32%
EXPE	B	0.31%
ILMN	B	0.31%
ADSK	B	0.3%
HPQ	B	0.3%
GEHC	C	0.29%
ACN	B	0.29%
U	D	0.29%
CTVA	A	0.29%
HON	C	0.27%
LCID	F	0.27%
LRCX	D	0.27%
DASH	A	0.25%
CDNS	D	0.24%
JNPR	C	0.24%
SNOW	F	0.24%
BDX	C	0.23%
GLW	C	0.23%
ISRG	C	0.23%
EXEL	B	0.23%
CNH	C	0.22%
KLAC	B	0.22%
DDOG	B	0.19%
NTAP	D	0.19%
MCHP	F	0.18%
EW	F	0.15%
PINS	D	0.15%

LRND Underweight 98 Positions Relative to FFLC

Symbol	Grade	Weight
UNH	B	-1.72%
V	B	-1.63%
XOM	A	-1.49%
TJX	D	-1.2%
CMCSA	B	-1.16%
WFC	B	-1.08%
ETN	B	-1.05%
PH	A	-1.02%
JPM	C	-0.98%
CB	A	-0.97%
NKE	D	-0.92%
PWR	A	-0.92%
BAC	B	-0.9%
KVUE	C	-0.88%
SO	A	-0.82%
LIN	C	-0.81%
FCX	B	-0.75%
KO	C	-0.73%
IR	A	-0.73%
BKR	B	-0.7%
SHOP	B	-0.69%
ON	F	-0.69%
NXPI	F	-0.68%
HWM	A	-0.67%
JBL	C	-0.67%
GNRC	B	-0.66%
CEG	A	-0.66%
VST	A	-0.65%
KDP	C	-0.63%
BKNG	B	-0.61%
MS	A	-0.6%
SLB	D	-0.6%
BJ	B	-0.58%
TSM	B	-0.58%
DIS	D	-0.57%
PFGC	A	-0.57%
MMC	D	-0.53%
CI	D	-0.52%
FLEX	B	-0.52%
LNG	A	-0.51%
CNC	F	-0.51%
RL	B	-0.51%
WMT	A	-0.49%
CE	D	-0.49%
HLT	A	-0.49%
MLM	F	-0.48%
CLX	C	-0.47%
AZN	D	-0.47%
VRT	B	-0.46%
NVR	C	-0.45%
BWXT	A	-0.45%
DT	B	-0.43%
KBR	A	-0.42%
ESI	C	-0.42%
CMG	C	-0.42%
ARES	A	-0.41%
FCN	C	-0.41%
ITT	C	-0.39%
LEN	C	-0.39%
CBRE	C	-0.39%
BLDR	C	-0.39%
FOUR	A	-0.39%
AVY	D	-0.38%
EDR	A	-0.37%
URI	C	-0.37%
GS	B	-0.33%
WSC	D	-0.32%
HLI	A	-0.32%
TRNO	D	-0.32%
HES	D	-0.32%
FTI	B	-0.29%
HOLX	D	-0.28%
EL	D	-0.27%
MDB	D	-0.27%
CHDN	C	-0.27%
SAM	D	-0.27%
GLPI	C	-0.26%
TT	A	-0.26%
ASML	F	-0.25%
NVO	F	-0.25%
FSLR	C	-0.25%
AR	C	-0.24%
ACGL	A	-0.24%
FND	C	-0.24%
TER	C	-0.22%
WST	D	-0.22%
DKS	D	-0.21%
STZ	D	-0.2%
WNS	F	-0.19%
ESS	D	-0.18%
FAF	C	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	A	-0.16%
MASI	B	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%