PTL vs. FHEQ ETF Comparison

Comparison of Northern Lights Fund Trust IV Inspire 500 ETF (PTL) to Fidelity Hedged Equity ETF (FHEQ)
PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description

PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$224.62

Average Daily Volume

7,636

Number of Holdings *

478

* 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 PTL FHEQ
30 Days 5.09% 2.51%
60 Days 5.71% 3.80%
90 Days 7.67% 4.54%
12 Months
49 Overlapping Holdings
Symbol Grade Weight in PTL Weight in FHEQ Overlap
ADP B 0.86% 0.16% 0.16%
AME A 0.31% 0.22% 0.22%
ANET C 0.83% 0.08% 0.08%
AVGO D 5.22% 1.49% 1.49%
BLD D 0.08% 0.05% 0.05%
CACI D 0.07% 0.3% 0.07%
CAT B 1.22% 0.48% 0.48%
CINF A 0.16% 0.12% 0.12%
CSX B 0.47% 0.43% 0.43%
CTAS B 0.61% 0.66% 0.61%
CVNA B 0.33% 0.52% 0.33%
DOC D 0.1% 0.08% 0.08%
DOCU A 0.11% 0.18% 0.11%
DVN F 0.18% 0.53% 0.18%
EOG A 0.56% 0.43% 0.43%
EXEL B 0.07% 0.43% 0.07%
FTNT C 0.48% 0.24% 0.24%
GAP C 0.05% 0.18% 0.05%
GEHC F 0.26% 0.17% 0.17%
GEN B 0.12% 0.13% 0.12%
GL B 0.07% 0.2% 0.07%
HD A 2.69% 1.32% 1.32%
IDXX F 0.25% 0.26% 0.25%
INCY C 0.1% 0.27% 0.1%
KLAC D 0.58% 0.54% 0.54%
L A 0.13% 0.07% 0.07%
MEDP D 0.08% 0.31% 0.08%
MKL A 0.15% 0.09% 0.09%
MSCI C 0.31% 0.49% 0.31%
NBIX C 0.09% 0.11% 0.09%
NEE D 1.08% 0.73% 0.73%
NSC B 0.42% 0.26% 0.26%
NUE C 0.24% 0.32% 0.24%
OGE B 0.06% 0.01% 0.01%
PCAR B 0.4% 0.42% 0.4%
PGR A 1.06% 0.63% 0.63%
PSA D 0.4% 0.19% 0.19%
QCOM F 1.24% 0.84% 0.84%
QRVO F 0.04% 0.11% 0.04%
RSG A 0.46% 0.2% 0.2%
SCCO F 0.52% 0.04% 0.04%
SEIC B 0.07% 0.54% 0.07%
SOLV C 0.09% 0.12% 0.09%
SPG B 0.41% 0.16% 0.16%
UTHR C 0.11% 0.05% 0.05%
VEEV C 0.25% 0.12% 0.12%
VST B 0.29% 0.11% 0.11%
WM A 0.6% 0.38% 0.38%
XOM B 3.74% 1.54% 1.54%
PTL Overweight 429 Positions Relative to FHEQ
Symbol Grade Weight
LIN D 1.49%
ISRG A 1.34%
LOW D 1.01%
PLTR B 0.98%
PANW C 0.89%
UPS C 0.77%
PLD D 0.76%
APP B 0.76%
ELV F 0.67%
SHW A 0.65%
REGN F 0.63%
ICE C 0.62%
GEV B 0.62%
PH A 0.61%
SNPS B 0.6%
APH A 0.6%
WELL A 0.58%
MSTR C 0.58%
MRVL B 0.57%
FDX B 0.55%
COIN C 0.54%
IBKR A 0.53%
EMR A 0.5%
OKE A 0.48%
ORLY B 0.47%
SLB C 0.44%
DLR B 0.43%
KMI A 0.43%
TTD B 0.43%
ROP B 0.42%
AFL B 0.42%
CEG D 0.41%
FANG D 0.4%
FCX D 0.4%
DHI D 0.39%
FICO B 0.39%
MNST C 0.37%
CPRT A 0.37%
URI B 0.37%
NEM D 0.35%
AZO C 0.35%
PAYX C 0.35%
LNG B 0.35%
COR B 0.34%
AIG B 0.34%
FAST B 0.33%
VLO C 0.33%
LEN D 0.33%
PWR A 0.33%
OXY D 0.33%
ODFL B 0.33%
VRT B 0.33%
KVUE A 0.32%
TRGP B 0.32%
DDOG A 0.32%
CCI D 0.31%
BKR B 0.31%
PCG A 0.31%
PEG A 0.3%
SNOW C 0.3%
CPNG D 0.3%
EW C 0.3%
IR B 0.29%
VRSK A 0.28%
DAL C 0.27%
VMC B 0.26%
IQV D 0.26%
EXC C 0.26%
YUM B 0.25%
EXR D 0.25%
RMD C 0.25%
OTIS C 0.25%
MLM B 0.25%
SYY B 0.24%
FCNCA A 0.24%
TPL A 0.24%
MCHP D 0.24%
OWL A 0.23%
DXCM D 0.23%
ED D 0.23%
NET B 0.23%
CSGP D 0.23%
TTWO A 0.23%
WEC A 0.22%
BRO B 0.22%
ZS C 0.22%
ETR B 0.22%
EFX F 0.22%
IOT A 0.21%
ON D 0.21%
ANSS B 0.21%
KEYS A 0.2%
RKT F 0.2%
HAL C 0.2%
TW A 0.2%
EQR B 0.2%
LYB F 0.19%
DECK A 0.19%
NVR D 0.19%
MPWR F 0.19%
PHM D 0.19%
DOV A 0.19%
AWK D 0.19%
TSCO D 0.19%
VLTO D 0.18%
CPAY A 0.18%
TYL B 0.18%
VTR C 0.18%
ADM D 0.18%
EME C 0.17%
ROL B 0.17%
RF A 0.17%
MTD D 0.17%
DTE C 0.17%
NTAP C 0.17%
CBOE B 0.16%
WY D 0.16%
ATO A 0.16%
IFF D 0.16%
TKO B 0.16%
TOST B 0.16%
LII A 0.16%
AFRM B 0.16%
SBAC D 0.16%
TSN B 0.16%
WST C 0.16%
FE C 0.16%
HUBB B 0.16%
GFS C 0.16%
AEE A 0.16%
WRB A 0.16%
CDW F 0.16%
STE F 0.15%
BLDR D 0.15%
MKC D 0.15%
IP B 0.15%
STLD B 0.15%
WDC D 0.15%
INVH D 0.15%
WSM B 0.15%
ERIE D 0.15%
ES D 0.15%
PKG A 0.15%
WSO A 0.15%
MDB C 0.15%
CSL C 0.14%
FSLR F 0.14%
CTRA B 0.14%
CNP B 0.14%
UI A 0.14%
CMS C 0.14%
LH C 0.14%
ESS B 0.14%
NTNX A 0.13%
HOLX D 0.13%
SSNC B 0.13%
XPO B 0.13%
SNA A 0.13%
JBHT C 0.13%
PODD C 0.13%
ARE D 0.13%
MAA B 0.13%
CHWY B 0.12%
USFD A 0.12%
IEX B 0.12%
DG F 0.12%
MAS D 0.12%
TRMB B 0.12%
GPC D 0.12%
SUI D 0.12%
NWSA B 0.12%
RS B 0.12%
ALGN D 0.12%
MRO B 0.12%
TER D 0.12%
OC A 0.12%
BAX D 0.12%
CRBG B 0.12%
NRG B 0.12%
RYAN B 0.12%
MOH F 0.12%
RPM A 0.12%
CASY A 0.11%
RGA A 0.11%
FLEX A 0.11%
SMMT D 0.11%
TOL B 0.11%
COHR B 0.11%
ENTG D 0.11%
GWRE A 0.11%
BSY D 0.11%
RPRX D 0.11%
JEF A 0.11%
CF B 0.11%
J F 0.11%
WLK D 0.11%
EXPD D 0.11%
FIX A 0.11%
SMCI F 0.11%
NI A 0.11%
MANH D 0.11%
CPB D 0.1%
CLH B 0.1%
POOL C 0.1%
SFM A 0.1%
RVTY F 0.1%
ELS C 0.1%
UHS D 0.1%
FFIV B 0.1%
REG B 0.1%
AGR B 0.1%
DLTR F 0.1%
AMH D 0.1%
NDSN B 0.1%
GGG B 0.1%
THC D 0.1%
EVRG A 0.1%
EWBC A 0.1%
UDR B 0.1%
DT C 0.1%
SAIA B 0.1%
KMX B 0.09%
TXRH C 0.09%
JKHY D 0.09%
SCI B 0.09%
WPC D 0.09%
BG F 0.09%
PFGC B 0.09%
OVV B 0.09%
OKTA C 0.09%
HST C 0.09%
INSM C 0.09%
LAMR D 0.09%
BXP D 0.09%
CAG D 0.09%
PR B 0.09%
SN D 0.09%
HLI B 0.09%
PAYC B 0.09%
CPT B 0.09%
CW B 0.09%
EPAM C 0.09%
EDR A 0.09%
JBL B 0.09%
DVA B 0.09%
SWKS F 0.09%
MUSA A 0.08%
PCTY B 0.08%
AA B 0.08%
FND C 0.08%
CUBE D 0.08%
KNSL B 0.08%
ATR B 0.08%
MTZ B 0.08%
PCVX D 0.08%
ACI C 0.08%
GMED A 0.08%
BJ A 0.08%
FHN A 0.08%
LECO B 0.08%
LW C 0.08%
PPC C 0.08%
SF B 0.08%
EVR B 0.08%
JNPR F 0.08%
AFG A 0.08%
RRX B 0.08%
ITT A 0.08%
CHRW C 0.08%
UHAL D 0.08%
ALB C 0.08%
BIO D 0.07%
ITCI C 0.07%
LAD A 0.07%
BRBR A 0.07%
ALSN B 0.07%
RBC A 0.07%
FRT B 0.07%
EHC B 0.07%
PNFP B 0.07%
DOX D 0.07%
AYI B 0.07%
RVMD C 0.07%
AOS F 0.07%
REXR F 0.07%
RGLD C 0.07%
ORI A 0.07%
PRI A 0.07%
PEN B 0.07%
KNTK B 0.07%
WING D 0.07%
WMS D 0.07%
AR B 0.07%
CFLT B 0.07%
DTM B 0.07%
UWMC D 0.07%
GNRC B 0.07%
AAON B 0.07%
WAL B 0.07%
CR A 0.07%
AIT A 0.07%
HLNE B 0.07%
MLI C 0.07%
PCOR B 0.07%
LBRDA C 0.07%
EXP A 0.07%
MKTX D 0.07%
WCC B 0.07%
OHI C 0.07%
PAG B 0.07%
COKE C 0.07%
PNW B 0.07%
GTLB B 0.07%
GME C 0.07%
WBS A 0.07%
TTEK F 0.07%
BWXT B 0.07%
WTRG B 0.07%
CCK C 0.07%
APG B 0.07%
TREX C 0.06%
NNN D 0.06%
ONTO D 0.06%
RLI B 0.06%
BRKR D 0.06%
BERY B 0.06%
OLED D 0.06%
PB A 0.06%
INFA D 0.06%
CHE D 0.06%
TTC D 0.06%
RRC B 0.06%
SSB B 0.06%
APPF B 0.06%
MHK D 0.06%
CHRD D 0.06%
EGP F 0.06%
APA D 0.06%
AUR C 0.06%
FYBR D 0.06%
DINO D 0.06%
HESM B 0.06%
HQY B 0.06%
ENSG D 0.06%
MTSI B 0.06%
AXTA A 0.06%
CRS A 0.06%
PLNT A 0.06%
GPK C 0.06%
SUM B 0.06%
ALTR B 0.06%
WTFC A 0.06%
FLR B 0.06%
ROIV C 0.06%
ZION B 0.06%
DCI B 0.06%
KNX B 0.06%
FBIN D 0.06%
CIEN B 0.06%
FOUR B 0.06%
CFR B 0.06%
BRX A 0.06%
S B 0.06%
ENPH F 0.06%
TPX B 0.06%
ESTC C 0.06%
CNM D 0.06%
SITE D 0.05%
AN C 0.05%
AMKR D 0.05%
COLD D 0.05%
CGNX C 0.05%
MTH D 0.05%
SATS D 0.05%
NUVL D 0.05%
AGCO D 0.05%
WFRD D 0.05%
WSC D 0.05%
GNTX C 0.05%
STAG F 0.05%
SPSC C 0.05%
WTS B 0.05%
CELH F 0.05%
STWD C 0.05%
ATI D 0.05%
NPAB B 0.05%
HCP B 0.05%
PATH C 0.05%
FCN D 0.05%
FR C 0.05%
MTN C 0.05%
MSA D 0.05%
BWA D 0.05%
LSCC D 0.05%
WEX D 0.05%
RHI B 0.05%
AM A 0.05%
DLB B 0.05%
TMHC B 0.05%
JAZZ B 0.05%
KBR F 0.05%
BOKF B 0.05%
MIDD C 0.05%
SSD D 0.05%
GKOS B 0.05%
LPX B 0.05%
MKSI C 0.05%
ADC B 0.05%
VNO B 0.05%
FRPT B 0.05%
AGNC D 0.05%
RGEN D 0.05%
G B 0.05%
KEX C 0.05%
U C 0.05%
UFPI B 0.05%
SAIC F 0.04%
IBP D 0.04%
ESNT D 0.04%
LNTH D 0.04%
TRNO F 0.04%
ARW D 0.04%
VKTX F 0.04%
LSTR D 0.04%
ELAN D 0.04%
BFAM D 0.04%
POST C 0.04%
ACHC F 0.03%
LCID F 0.03%
PTL Underweight 119 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%
JPM A -1.82%
GOOG C -1.74%
MA C -1.34%
TSLA B -1.26%
NFLX A -1.26%
BAC A -1.17%
CRM B -1.09%
ABBV D -1.0%
ADBE C -0.93%
PM B -0.92%
PG A -0.87%
CMCSA B -0.83%
WMT A -0.8%
CSCO B -0.79%
LLY F -0.76%
UNP C -0.73%
TJX A -0.73%
GILD C -0.73%
AMAT F -0.7%
MRK F -0.69%
TT A -0.69%
LMT D -0.69%
BMY B -0.68%
T A -0.67%
CI F -0.63%
ECL D -0.62%
JNJ D -0.61%
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%
C A -0.54%
PYPL B -0.54%
ZM B -0.52%
MMC B -0.52%
TXT D -0.51%
DBX B -0.51%
CMG B -0.49%
TRV B -0.49%
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%
AXP A -0.43%
CAH B -0.4%
ALRM C -0.4%
CME A -0.37%
BK A -0.36%
TDC D -0.35%
PPG F -0.34%
NOW A -0.34%
ANF C -0.33%
LDOS C -0.32%
GRMN B -0.31%
TMUS B -0.29%
SKYW B -0.29%
SPGI C -0.28%
HWM A -0.27%
MSI B -0.26%
TMO F -0.26%
AMT D -0.24%
AMGN D -0.24%
BLK C -0.23%
TROW B -0.23%
LRCX F -0.23%
LHX C -0.23%
MGM D -0.22%
CVS D -0.22%
MMM D -0.22%
BIIB F -0.21%
XEL A -0.21%
CLX B -0.2%
HLT A -0.18%
VZ C -0.18%
LNW D -0.17%
FTI A -0.17%
WDAY B -0.16%
MS A -0.16%
PEGA A -0.16%
F C -0.15%
TPH D -0.15%
ETN A -0.15%
WFC A -0.15%
UBER D -0.14%
DASH A -0.12%
BBWI D -0.11%
KR B -0.11%
ROST C -0.1%
PLTK B -0.1%
BAH F -0.09%
ALL A -0.07%
BCC B -0.07%
MDLZ F -0.07%
TENB C -0.06%
CRUS D -0.06%
LYFT C -0.06%
ORCL B -0.04%
QGEN D -0.04%
LPLA A -0.03%
CVX A -0.02%
MHO D -0.02%
TWLO A -0.02%
UNM A -0.01%
NWL B -0.01%
Compare ETFs