MGC vs. FHEQ ETF Comparison

Comparison of Vanguard Mega Cap ETF (MGC) to Fidelity Hedged Equity ETF (FHEQ)

MGC

Vanguard Mega Cap ETF

MGC Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Index. The index is a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$214.00

Average Daily Volume

66,120

Number of Holdings ^*

193

* 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	MGC	FHEQ
30 Days	2.84%	2.51%
60 Days	4.35%	3.80%
90 Days	5.93%	4.54%
12 Months	33.19%

95 Overlapping Holdings

Symbol	Grade	Weight in MGC	Weight in FHEQ	Overlap
AAPL	C	8.16%	7.31%	7.31%
ABBV	D	0.9%	1.0%	0.9%
ADBE	C	0.53%	0.93%	0.53%
ADP	B	0.29%	0.16%	0.16%
AMAT	F	0.37%	0.7%	0.37%
AMGN	D	0.43%	0.24%	0.24%
AMT	D	0.25%	0.24%	0.24%
AMZN	C	4.4%	3.64%	3.64%
ANET	C	0.24%	0.08%	0.08%
AVGO	D	1.98%	1.49%	1.49%
AXP	A	0.34%	0.43%	0.34%
BAC	A	0.73%	1.17%	0.73%
BDX	F	0.17%	0.59%	0.17%
BK	A	0.14%	0.36%	0.14%
BLK	C	0.35%	0.23%	0.23%
BMY	B	0.28%	0.68%	0.28%
BRK.A	B	0.14%	2.19%	0.14%
BRK.A	B	1.92%	2.19%	1.92%
C	A	0.29%	0.54%	0.29%
CAT	B	0.46%	0.48%	0.46%
CI	F	0.22%	0.63%	0.22%
CL	D	0.19%	0.58%	0.19%
CMCSA	B	0.42%	0.83%	0.42%
CME	A	0.2%	0.37%	0.2%
CMG	B	0.19%	0.49%	0.19%
COST	B	0.97%	0.45%	0.45%
CRM	B	0.67%	1.09%	0.67%
CSCO	B	0.5%	0.79%	0.5%
CSX	B	0.16%	0.43%	0.16%
CVS	D	0.18%	0.22%	0.18%
CVX	A	0.65%	0.02%	0.02%
DIS	B	0.44%	0.57%	0.44%
ECL	D	0.16%	0.62%	0.16%
EOG	A	0.17%	0.43%	0.17%
ETN	A	0.33%	0.15%	0.15%
F	C	0.1%	0.15%	0.1%
FTNT	C	0.06%	0.24%	0.06%
GE	D	0.44%	0.45%	0.44%
GILD	C	0.28%	0.73%	0.28%
GOOG	C	2.06%	1.74%	1.74%
GOOGL	C	2.49%	2.02%	2.02%
HD	A	0.98%	1.32%	0.98%
HLT	A	0.07%	0.18%	0.07%
JNJ	D	0.96%	0.61%	0.61%
JPM	A	1.58%	1.82%	1.58%
KLAC	D	0.22%	0.54%	0.22%
LLY	F	1.77%	0.76%	0.76%
LMT	D	0.33%	0.69%	0.33%
LRCX	F	0.24%	0.23%	0.23%
MA	C	1.03%	1.34%	1.03%
MDLZ	F	0.23%	0.07%	0.07%
META	D	3.1%	2.87%	2.87%
MMC	B	0.27%	0.52%	0.27%
MMM	D	0.18%	0.22%	0.18%
MRK	F	0.65%	0.69%	0.65%
MS	A	0.35%	0.16%	0.16%
MSFT	F	7.55%	5.64%	5.64%
MU	D	0.28%	0.47%	0.28%
NEE	D	0.41%	0.73%	0.41%
NFLX	A	0.81%	1.26%	0.81%
NOC	D	0.19%	0.56%	0.19%
NOW	A	0.48%	0.34%	0.34%
NSC	B	0.14%	0.26%	0.14%
NVDA	C	7.76%	7.27%	7.27%
ORCL	B	0.69%	0.04%	0.04%
PFE	D	0.4%	0.56%	0.4%
PG	A	0.97%	0.87%	0.87%
PGR	A	0.36%	0.63%	0.36%
PM	B	0.52%	0.92%	0.52%
PSA	D	0.13%	0.19%	0.13%
PYPL	B	0.2%	0.54%	0.2%
QCOM	F	0.45%	0.84%	0.45%
ROST	C	0.12%	0.1%	0.1%
RSG	A	0.1%	0.2%	0.1%
RTX	C	0.4%	0.44%	0.4%
SCHW	B	0.27%	0.56%	0.27%
SPG	B	0.07%	0.16%	0.07%
SPGI	C	0.38%	0.28%	0.28%
T	A	0.4%	0.67%	0.4%
TJX	A	0.32%	0.73%	0.32%
TMO	F	0.52%	0.26%	0.26%
TMUS	B	0.26%	0.29%	0.26%
TRV	B	0.14%	0.49%	0.14%
TSLA	B	1.7%	1.26%	1.26%
TT	A	0.21%	0.69%	0.21%
UBER	D	0.36%	0.14%	0.14%
UNH	C	1.3%	0.57%	0.57%
UNP	C	0.35%	0.73%	0.35%
V	A	1.21%	0.47%	0.47%
VZ	C	0.4%	0.18%	0.18%
WDAY	B	0.12%	0.16%	0.12%
WFC	A	0.55%	0.15%	0.15%
WM	A	0.22%	0.38%	0.22%
WMT	A	0.91%	0.8%	0.8%
XOM	B	1.3%	1.54%	1.3%

MGC Overweight 98 Positions Relative to FHEQ

Symbol	Grade	Weight
KO	D	0.63%
AMD	F	0.58%
PEP	F	0.57%
ACN	C	0.54%
LIN	D	0.54%
MCD	D	0.52%
ABT	B	0.49%
IBM	C	0.48%
TXN	C	0.46%
ISRG	A	0.45%
INTU	C	0.41%
GS	A	0.41%
DHR	F	0.4%
BKNG	A	0.39%
LOW	D	0.37%
HON	B	0.33%
COP	C	0.32%
SYK	C	0.31%
VRTX	F	0.31%
BSX	B	0.31%
BX	A	0.3%
MDT	D	0.29%
PANW	C	0.29%
SBUX	A	0.28%
ADI	D	0.28%
FI	A	0.28%
CB	C	0.27%
BA	F	0.27%
PLD	D	0.26%
DE	A	0.26%
UPS	C	0.25%
SO	D	0.25%
ELV	F	0.24%
REGN	F	0.23%
KKR	A	0.23%
NKE	D	0.23%
MO	A	0.23%
EQIX	A	0.22%
DUK	C	0.22%
ICE	C	0.22%
INTC	D	0.21%
SNPS	B	0.2%
SHW	A	0.2%
PH	A	0.2%
PNC	B	0.19%
USB	A	0.19%
CDNS	B	0.19%
AON	A	0.19%
MCO	B	0.18%
ZTS	D	0.18%
ITW	B	0.18%
ORLY	B	0.17%
GD	F	0.17%
CRWD	B	0.17%
APD	A	0.17%
TGT	F	0.17%
FCX	D	0.16%
HCA	F	0.16%
MCK	B	0.16%
MAR	B	0.15%
AFL	B	0.15%
COF	B	0.15%
FDX	B	0.15%
ADSK	A	0.15%
EMR	A	0.15%
SLB	C	0.14%
GM	B	0.14%
ROP	B	0.14%
TFC	A	0.14%
PSX	C	0.13%
AEP	D	0.13%
SRE	A	0.13%
ABNB	C	0.13%
MET	A	0.12%
CCI	D	0.12%
MPC	D	0.12%
PAYX	C	0.11%
KMB	D	0.11%
STZ	D	0.1%
VLO	C	0.1%
GEV	B	0.1%
DELL	C	0.09%
MRVL	B	0.09%
KDP	D	0.09%
MNST	C	0.09%
CHTR	C	0.08%
HUM	C	0.08%
WMB	A	0.08%
OXY	D	0.08%
KHC	F	0.07%
KMI	A	0.06%
AIG	B	0.06%
D	C	0.06%
JCI	C	0.06%
AZO	C	0.06%
EW	C	0.05%
SNOW	C	0.04%
EL	F	0.02%

MGC Underweight 74 Positions Relative to FHEQ

Symbol	Grade	Weight
CTAS	B	-0.66%
SQ	B	-0.59%
SEIC	B	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
ZBRA	B	-0.47%
IGT	F	-0.45%
ALLE	D	-0.44%
EXEL	B	-0.43%
PCAR	B	-0.42%
CAH	B	-0.4%
ALRM	C	-0.4%
TDC	D	-0.35%
PPG	F	-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%
SKYW	B	-0.29%
HWM	A	-0.27%
INCY	C	-0.27%
MSI	B	-0.26%
IDXX	F	-0.26%
TROW	B	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
GL	B	-0.2%
CLX	B	-0.2%
GAP	C	-0.18%
DOCU	A	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
PEGA	A	-0.16%
TPH	D	-0.15%
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%
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%
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%