PFIX vs. FHEQ ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to Fidelity Hedged Equity ETF (FHEQ)

PFIX

Simplify Interest Rate Hedge ETF

PFIX Description

The investment seeks to track the performance, before fees and expenses, of the SoFi Sustainable Dividend Index. The index follows a rules-based methodology that tracks the performance of the equity securities of publicly-traded, large- and mid-capitalization U.S. and non-U.S. companies in developed markets that are selected based on a set of dividend filters focused on dividend sustainability. The adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The fund will invest at least 80% its net assets in dividend paying securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.22

Average Daily Volume

80,893

Number of Holdings ^*

108

* 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	PFIX	FHEQ
30 Days	1.63%	2.51%
60 Days	26.27%	3.80%
90 Days	22.86%	4.54%
12 Months	7.42%

33 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in FHEQ	Overlap
ADP	B	0.79%	0.16%	0.16%
AVGO	D	3.86%	1.49%	1.49%
BAC	A	1.73%	1.17%	1.17%
BK	A	0.29%	0.36%	0.29%
BLK	C	0.87%	0.23%	0.23%
C	A	0.77%	0.54%	0.54%
CINF	A	0.11%	0.12%	0.11%
CMCSA	B	1.29%	0.83%	0.83%
CSCO	B	1.48%	0.79%	0.79%
CVS	D	0.76%	0.22%	0.22%
CVX	A	2.06%	0.02%	0.02%
ETN	A	0.82%	0.15%	0.15%
GILD	C	0.66%	0.73%	0.66%
GRMN	B	0.13%	0.31%	0.13%
JNJ	D	2.83%	0.61%	0.61%
JPM	A	3.9%	1.82%	1.82%
KR	B	0.26%	0.11%	0.11%
LHX	C	0.29%	0.23%	0.23%
LMT	D	0.82%	0.69%	0.69%
MDLZ	F	0.76%	0.07%	0.07%
MMC	B	0.75%	0.52%	0.52%
MS	A	0.81%	0.16%	0.16%
NSC	B	0.42%	0.26%	0.26%
NUE	C	0.32%	0.32%	0.32%
PCAR	B	0.42%	0.42%	0.42%
PG	A	2.82%	0.87%	0.87%
QCOM	F	1.27%	0.84%	0.84%
RSG	A	0.28%	0.2%	0.2%
TROW	B	0.17%	0.23%	0.17%
TRV	B	0.38%	0.49%	0.38%
VZ	C	1.26%	0.18%	0.18%
XEL	A	0.25%	0.21%	0.21%
XOM	B	3.19%	1.54%	1.54%

PFIX Overweight 75 Positions Relative to FHEQ

Symbol	Grade	Weight
TM	D	1.97%
NVS	D	1.56%
HSBH	B	1.23%
TXN	C	1.13%
COP	C	1.01%
PLD	D	0.91%
TD	F	0.83%
UPS	C	0.81%
SO	D	0.55%
GD	F	0.46%
USB	A	0.45%
HMC	F	0.45%
PSX	C	0.45%
STLA	F	0.43%
PNC	B	0.43%
APD	A	0.37%
VLO	C	0.36%
AIG	B	0.34%
SRE	A	0.33%
MET	A	0.32%
OKE	A	0.31%
AEP	D	0.31%
PAYX	C	0.3%
JCI	C	0.29%
CMI	A	0.28%
GIS	D	0.28%
EXC	C	0.27%
E	F	0.26%
PEG	A	0.23%
FANG	D	0.23%
HSY	F	0.22%
DFS	B	0.22%
ADM	D	0.22%
VICI	C	0.22%
BCS	C	0.22%
AVB	B	0.19%
EIX	B	0.19%
WEC	A	0.18%
DTE	C	0.17%
STT	A	0.16%
FITB	A	0.16%
ES	D	0.15%
MTB	A	0.15%
PFG	D	0.14%
GPC	D	0.14%
DRI	B	0.14%
AEE	A	0.14%
ETR	B	0.14%
HBAN	A	0.13%
OMC	C	0.13%
HPE	B	0.13%
CMS	C	0.12%
RF	A	0.12%
SWKS	F	0.12%
SYF	B	0.12%
HST	C	0.11%
NTRS	A	0.11%
VTRS	A	0.11%
ATO	A	0.11%
FNF	B	0.1%
SNA	A	0.1%
CCEP	C	0.1%
PKG	A	0.1%
BBY	D	0.1%
IP	B	0.09%
AMCR	D	0.09%
EG	C	0.09%
CAG	D	0.09%
NI	A	0.08%
LNT	A	0.08%
MOS	F	0.07%
EVRG	A	0.07%
CHRW	C	0.06%
CPB	D	0.06%
FRO	F	0.02%

PFIX Underweight 135 Positions Relative to FHEQ

Symbol	Grade	Weight
AAPL	C	-7.31%
NVDA	C	-7.27%
MSFT	F	-5.64%
AMZN	C	-3.64%
META	D	-2.87%
BRK.A	B	-2.19%
GOOGL	C	-2.02%
GOOG	C	-1.74%
MA	C	-1.34%
HD	A	-1.32%
TSLA	B	-1.26%
NFLX	A	-1.26%
CRM	B	-1.09%
ABBV	D	-1.0%
ADBE	C	-0.93%
PM	B	-0.92%
WMT	A	-0.8%
LLY	F	-0.76%
NEE	D	-0.73%
UNP	C	-0.73%
TJX	A	-0.73%
AMAT	F	-0.7%
MRK	F	-0.69%
TT	A	-0.69%
BMY	B	-0.68%
T	A	-0.67%
CTAS	B	-0.66%
CI	F	-0.63%
PGR	A	-0.63%
ECL	D	-0.62%
SQ	B	-0.59%
BDX	F	-0.59%
CL	D	-0.58%
UNH	C	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
PFE	D	-0.56%
SEIC	B	-0.54%
PYPL	B	-0.54%
KLAC	D	-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%
CMG	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
ZBRA	B	-0.47%
V	A	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
COST	B	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
EOG	A	-0.43%
CSX	B	-0.43%
AXP	A	-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%
NOW	A	-0.34%
ANF	C	-0.33%
LDOS	C	-0.32%
MEDP	D	-0.31%
CACI	D	-0.3%
TMUS	B	-0.29%
SKYW	B	-0.29%
SPGI	C	-0.28%
HWM	A	-0.27%
INCY	C	-0.27%
MSI	B	-0.26%
TMO	F	-0.26%
IDXX	F	-0.26%
FTNT	C	-0.24%
AMT	D	-0.24%
AMGN	D	-0.24%
LRCX	F	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
MMM	D	-0.22%
BIIB	F	-0.21%
GL	B	-0.2%
CLX	B	-0.2%
PSA	D	-0.19%
GAP	C	-0.18%
DOCU	A	-0.18%
HLT	A	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
WDAY	B	-0.16%
SPG	B	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
WFC	A	-0.15%
UBER	D	-0.14%
GEN	B	-0.13%
DASH	A	-0.12%
VEEV	C	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
QRVO	F	-0.11%
VST	B	-0.11%
ROST	C	-0.1%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
ANET	C	-0.08%
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%
ORCL	B	-0.04%
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%