LVOL vs. FQAL ETF Comparison

Comparison of American Century Low Volatility ETF (LVOL) to Fidelity Quality Factor ETF (FQAL)

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$56.03

Average Daily Volume

251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	LVOL	FQAL
30 Days	2.27%	2.60%
60 Days	3.47%	4.35%
90 Days	5.50%	5.86%
12 Months	22.98%	30.56%

39 Overlapping Holdings

Symbol	Grade	Weight in LVOL	Weight in FQAL	Overlap
AAPL	C	7.14%	6.62%	6.62%
ABBV	D	0.25%	1.14%	0.25%
ACN	C	2.46%	1.05%	1.05%
ADP	B	0.31%	0.64%	0.31%
AMP	A	0.71%	0.92%	0.71%
AVB	B	0.24%	0.19%	0.19%
AVY	D	0.18%	0.15%	0.15%
BKNG	A	0.2%	1.21%	0.2%
BMY	B	0.27%	1.02%	0.27%
CL	D	0.87%	0.36%	0.36%
COST	B	1.78%	1.01%	1.01%
CTAS	B	1.82%	0.55%	0.55%
ECL	D	0.91%	0.24%	0.24%
FAST	B	0.55%	0.53%	0.53%
GOOGL	C	2.38%	3.69%	2.38%
GWW	B	0.55%	0.55%	0.55%
HD	A	2.42%	1.5%	1.5%
ITW	B	0.8%	0.54%	0.54%
JNJ	D	2.14%	1.35%	1.35%
KMB	D	0.53%	0.31%	0.31%
KO	D	0.19%	0.66%	0.19%
LIN	D	2.44%	0.52%	0.52%
LOW	D	0.68%	1.02%	0.68%
MA	C	2.62%	1.48%	1.48%
MCD	D	0.52%	1.11%	0.52%
MCO	B	0.85%	0.76%	0.76%
MDLZ	F	0.18%	0.38%	0.18%
MNST	C	0.18%	0.31%	0.18%
MSCI	C	0.16%	0.75%	0.16%
MSFT	F	7.55%	6.3%	6.3%
OTIS	C	0.38%	0.45%	0.38%
PAYX	C	1.29%	0.49%	0.49%
PG	A	2.68%	0.98%	0.98%
PSA	D	0.57%	0.23%	0.23%
SHW	A	0.97%	0.3%	0.3%
SPGI	C	1.53%	0.92%	0.92%
V	A	3.19%	1.61%	1.61%
VRSK	A	0.46%	0.46%	0.46%
YUM	B	0.43%	0.72%	0.43%

LVOL Overweight 59 Positions Relative to FQAL

Symbol	Grade	Weight
AMZN	C	2.81%
CSCO	B	2.62%
BRK.A	B	2.51%
APH	A	1.91%
MMC	B	1.84%
MDT	D	1.64%
MRK	F	1.45%
CTSH	B	1.44%
INTU	C	1.43%
ABT	B	1.35%
HON	B	1.31%
PTC	A	1.26%
DOX	D	1.21%
BSX	B	1.12%
RSG	A	1.03%
FI	A	1.03%
PEP	F	1.0%
MSI	B	0.89%
WMT	A	0.87%
GD	F	0.87%
WM	A	0.85%
DOV	A	0.78%
ADSK	A	0.78%
EA	A	0.77%
ROP	B	0.75%
GOOG	C	0.75%
TDY	B	0.67%
HIG	B	0.66%
CB	C	0.64%
BLK	C	0.63%
SYK	C	0.58%
NDSN	B	0.55%
CRM	B	0.51%
IT	C	0.45%
IBM	C	0.42%
SNA	A	0.41%
CMCSA	B	0.41%
NTAP	C	0.39%
PH	A	0.36%
NOW	A	0.35%
IEX	B	0.32%
BR	A	0.3%
PKG	A	0.25%
CMI	A	0.24%
ZBH	C	0.22%
HOLX	D	0.21%
FDS	B	0.18%
VRSN	F	0.18%
MAS	D	0.18%
FFIV	B	0.16%
TROW	B	0.16%
HLT	A	0.15%
JKHY	D	0.14%
AMGN	D	0.13%
CW	B	0.12%
GGG	B	0.08%
LSTR	D	0.08%
DCI	B	0.08%
CHE	D	0.07%

LVOL Underweight 85 Positions Relative to FQAL

Symbol	Grade	Weight
NVDA	C	-7.24%
META	D	-2.51%
AVGO	D	-2.0%
LLY	F	-1.72%
XOM	B	-1.16%
BX	A	-1.05%
PGR	A	-1.0%
GILD	C	-1.0%
ADBE	C	-0.97%
NFLX	A	-0.97%
FICO	B	-0.96%
PANW	C	-0.96%
QCOM	F	-0.91%
VRTX	F	-0.86%
GRMN	B	-0.86%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CAT	B	-0.77%
CFR	B	-0.77%
AMAT	F	-0.77%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
CVX	A	-0.68%
LRCX	F	-0.67%
IDXX	F	-0.67%
KNSL	B	-0.65%
QLYS	C	-0.64%
KLAC	D	-0.64%
WSM	B	-0.63%
PM	B	-0.63%
UNP	C	-0.61%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
LMT	D	-0.56%
VZ	C	-0.56%
AME	A	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
ODFL	B	-0.45%
MO	A	-0.44%
VST	B	-0.43%
COP	C	-0.41%
TTD	B	-0.41%
SO	D	-0.36%
CEG	D	-0.36%
WMB	A	-0.34%
EOG	A	-0.32%
TPL	A	-0.31%
PLD	D	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
AMT	D	-0.27%
WEC	A	-0.26%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
GLPI	C	-0.14%