MTUM vs. FFLC ETF Comparison

Comparison of iShares MSCI USA Momentum Factor ETF (MTUM) to Fidelity Fundamental Large Cap Core ETF (FFLC)

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$201.94

Average Daily Volume

652,346

Number of Holdings ^*

123

* 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

$45.50

Average Daily Volume

94,967

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	MTUM	FFLC
30 Days	3.83%	2.80%
60 Days	8.00%	5.73%
90 Days	3.85%	4.91%
12 Months	44.81%	40.47%

30 Overlapping Holdings

Symbol	Grade	Weight in MTUM	Weight in FFLC	Overlap
AMZN	C	4.65%	3.26%	3.26%
ARES	B	0.26%	0.41%	0.26%
BSX	B	1.21%	1.23%	1.21%
CB	B	0.94%	0.97%	0.94%
CBRE	B	0.32%	0.39%	0.32%
CEG	C	1.39%	0.66%	0.66%
DKS	D	0.11%	0.21%	0.11%
ETN	C	1.81%	1.05%	1.05%
GE	C	3.57%	0.9%	0.9%
GS	B	1.69%	0.33%	0.33%
HLT	B	0.41%	0.49%	0.41%
HWM	B	0.65%	0.67%	0.65%
IR	B	0.4%	0.73%	0.4%
JPM	D	4.28%	0.98%	0.98%
LEN	B	0.3%	0.39%	0.3%
LLY	D	4.67%	1.93%	1.93%
LMT	A	1.02%	0.68%	0.68%
META	B	5.12%	2.57%	2.57%
MLM	D	0.28%	0.48%	0.28%
MU	D	0.96%	0.14%	0.14%
NVDA	C	4.4%	3.39%	3.39%
NVR	B	0.24%	0.45%	0.24%
PH	B	0.8%	1.02%	0.8%
PWR	B	0.39%	0.92%	0.39%
TJX	C	1.11%	1.2%	1.11%
TT	B	1.1%	0.26%	0.26%
URI	B	0.46%	0.37%	0.37%
VRT	C	0.51%	0.46%	0.46%
VST	B	0.64%	0.65%	0.64%
WMT	B	3.38%	0.49%	0.49%

MTUM Overweight 93 Positions Relative to FFLC

Symbol	Grade	Weight
AVGO	C	4.97%
COST	C	3.73%
PGR	C	1.96%
RTX	B	1.59%
PM	C	1.52%
AXP	B	1.47%
QCOM	D	1.42%
AMAT	D	1.3%
ANET	C	1.24%
KKR	B	1.19%
ISRG	C	1.15%
KLAC	D	1.01%
C	C	1.0%
MMM	B	0.99%
VRTX	D	0.97%
APH	C	0.94%
CTAS	C	0.89%
MCK	F	0.83%
CL	C	0.8%
TDG	B	0.79%
FI	B	0.78%
MSI	B	0.76%
ICE	C	0.75%
WELL	C	0.72%
GD	C	0.59%
PLTR	C	0.59%
AJG	D	0.56%
EMR	D	0.55%
FICO	B	0.52%
PEG	B	0.51%
IRM	C	0.5%
TRGP	C	0.49%
APO	B	0.47%
HIG	B	0.46%
DELL	C	0.45%
WMB	C	0.45%
BK	B	0.45%
AEP	C	0.44%
DHI	C	0.44%
COIN	F	0.41%
ALL	C	0.41%
MSTR	C	0.39%
MPWR	B	0.38%
RSG	D	0.36%
PHM	B	0.36%
GRMN	D	0.36%
EME	B	0.35%
SMCI	F	0.35%
NTAP	D	0.33%
APP	C	0.33%
FERG	D	0.33%
VLTO	B	0.33%
WAB	B	0.32%
DFS	C	0.32%
GDDY	C	0.31%
DECK	C	0.28%
NRG	B	0.27%
WSM	C	0.27%
LII	C	0.26%
BRO	C	0.25%
EBAY	B	0.25%
NDAQ	C	0.25%
FITB	B	0.24%
VMC	C	0.24%
CSL	B	0.23%
TPL	C	0.23%
LDOS	A	0.23%
TYL	C	0.22%
WTW	B	0.22%
SW	B	0.21%
AXON	B	0.21%
DOV	B	0.21%
SYF	C	0.18%
STX	B	0.17%
ERIE	B	0.17%
WDC	C	0.17%
TW	B	0.17%
HEI	C	0.16%
PSTG	F	0.15%
PKG	B	0.15%
UTHR	B	0.14%
HUBB	B	0.14%
HEI	C	0.13%
IP	C	0.13%
UHS	C	0.13%
L	D	0.12%
OC	C	0.12%
HOOD	C	0.11%
TOST	C	0.09%
FNF	B	0.09%
DVA	B	0.08%
CG	C	0.07%
ALLY	F	0.06%

MTUM Underweight 103 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	C	-7.7%
AAPL	C	-4.51%
GOOGL	D	-2.4%
UNH	C	-1.72%
V	C	-1.63%
XOM	D	-1.49%
ADBE	F	-1.41%
BA	F	-1.31%
AMD	C	-1.27%
CMCSA	C	-1.16%
WFC	D	-1.08%
NFLX	B	-1.06%
UBER	C	-1.04%
TMO	B	-1.03%
CRM	C	-0.98%
INTU	D	-0.92%
NKE	D	-0.92%
BAC	D	-0.9%
KVUE	B	-0.88%
DHR	B	-0.82%
SO	B	-0.82%
LIN	B	-0.81%
ORCL	B	-0.79%
REGN	D	-0.76%
FCX	C	-0.75%
CAT	B	-0.75%
KO	B	-0.73%
APTV	D	-0.71%
BKR	C	-0.7%
SHOP	C	-0.69%
ON	D	-0.69%
NXPI	D	-0.68%
SYK	C	-0.67%
JBL	C	-0.67%
GNRC	D	-0.66%
KDP	B	-0.63%
BKNG	B	-0.61%
MS	B	-0.6%
NOC	B	-0.6%
SLB	F	-0.6%
BJ	D	-0.58%
TSM	C	-0.58%
DIS	D	-0.57%
PFGC	B	-0.57%
ADI	C	-0.55%
MMC	C	-0.53%
CI	C	-0.52%
FLEX	B	-0.52%
LNG	D	-0.51%
CNC	D	-0.51%
RL	B	-0.51%
ABNB	D	-0.5%
CE	D	-0.49%
CLX	C	-0.47%
AZN	D	-0.47%
BWXT	A	-0.45%
SNPS	F	-0.44%
CSCO	B	-0.44%
WDAY	D	-0.44%
DT	C	-0.43%
KBR	D	-0.42%
ESI	C	-0.42%
CMG	D	-0.42%
FCN	C	-0.41%
SPOT	C	-0.4%
ITT	B	-0.39%
BLDR	C	-0.39%
FOUR	C	-0.39%
AVY	C	-0.38%
EDR	A	-0.37%
WSC	D	-0.32%
HLI	C	-0.32%
TRNO	D	-0.32%
HES	F	-0.32%
FTI	D	-0.29%
GILD	B	-0.29%
HOLX	D	-0.28%
EL	D	-0.27%
MDB	D	-0.27%
CHDN	D	-0.27%
SAM	D	-0.27%
MRK	F	-0.26%
GLPI	C	-0.26%
ASML	F	-0.25%
NVO	F	-0.25%
FSLR	C	-0.25%
AR	C	-0.24%
ACGL	B	-0.24%
FND	C	-0.24%
TER	C	-0.22%
WST	D	-0.22%
STZ	C	-0.2%
WNS	F	-0.19%
ESS	C	-0.18%
FAF	B	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	B	-0.16%
MASI	C	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	D	-0.04%