QQQ vs. FHEQ ETF Comparison

Comparison of PowerShares QQQ Trust, Series 1 (QQQ) to Fidelity Hedged Equity ETF (FHEQ)

QQQ

PowerShares QQQ Trust, Series 1

QQQ Description

PowerShares Capital Management LLC is passionate about our goal of delivering the highest quality investment management available through one of the more benefit-rich investment vehicles ever created, the exchange-traded fund. PowerShares QQQ, formerly known as "QQQ" or the "NASDAQ-100 Index Tracking Stock", is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.

Grade (RS Rating)

Last Trade

$506.59

Average Daily Volume

29,043,780

Number of Holdings ^*

101

* 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

$27.91

Average Daily Volume

24,874

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	QQQ	FHEQ
30 Days	2.28%	2.45%
60 Days	3.50%	3.57%
90 Days	6.41%	4.91%
12 Months	30.95%

36 Overlapping Holdings

Symbol	Grade	Weight in QQQ	Weight in FHEQ	Overlap
AAPL	B	8.51%	7.31%	7.31%
ADBE	C	1.42%	0.93%	0.93%
ADP	B	0.79%	0.16%	0.16%
AMAT	F	0.92%	0.7%	0.7%
AMGN	D	0.99%	0.24%	0.24%
AMZN	C	5.1%	3.64%	3.64%
AVGO	D	4.81%	1.49%	1.49%
BIIB	F	0.15%	0.21%	0.15%
CMCSA	C	1.06%	0.83%	0.83%
COST	B	2.68%	0.45%	0.45%
CSCO	A	1.47%	0.79%	0.79%
CSX	B	0.43%	0.43%	0.43%
CTAS	B	0.56%	0.66%	0.56%
DASH	A	0.42%	0.12%	0.12%
FTNT	C	0.46%	0.24%	0.24%
GEHC	F	0.24%	0.17%	0.17%
GILD	B	0.71%	0.73%	0.71%
GOOG	C	2.32%	1.74%	1.74%
GOOGL	C	2.41%	2.02%	2.02%
IDXX	F	0.22%	0.26%	0.22%
KLAC	F	0.54%	0.54%	0.54%
LRCX	F	0.6%	0.23%	0.23%
MDLZ	F	0.55%	0.07%	0.07%
META	D	4.8%	2.87%	2.87%
MSFT	D	7.52%	5.64%	5.64%
MU	D	0.72%	0.47%	0.47%
NFLX	B	2.44%	1.26%	1.26%
NVDA	C	8.81%	7.27%	7.27%
PCAR	B	0.38%	0.42%	0.38%
PYPL	A	0.55%	0.54%	0.54%
QCOM	F	1.1%	0.84%	0.84%
ROST	C	0.3%	0.1%	0.1%
TMUS	A	1.75%	0.29%	0.29%
TSLA	B	4.02%	1.26%	1.26%
WDAY	C	0.36%	0.16%	0.16%
XEL	A	0.25%	0.21%	0.21%

QQQ Overweight 65 Positions Relative to FHEQ

Symbol	Grade	Weight
AMD	F	1.41%
PEP	F	1.39%
LIN	D	1.38%
ISRG	C	1.24%
INTU	C	1.2%
TXN	D	1.15%
BKNG	B	1.11%
HON	B	0.93%
PANW	C	0.81%
VRTX	D	0.74%
SBUX	B	0.72%
ADI	D	0.67%
INTC	C	0.66%
MELI	C	0.63%
APP	B	0.6%
SNPS	B	0.54%
CRWD	B	0.53%
CDNS	B	0.53%
MRVL	B	0.51%
REGN	F	0.51%
CEG	D	0.5%
MAR	A	0.5%
PDD	F	0.44%
ORLY	B	0.44%
ADSK	B	0.43%
ASML	F	0.4%
ROP	B	0.38%
ABNB	C	0.37%
TTD	B	0.36%
NXPI	D	0.36%
CPRT	A	0.35%
CHTR	C	0.35%
FANG	F	0.34%
PAYX	B	0.33%
AEP	D	0.33%
MNST	B	0.33%
ODFL	B	0.3%
FAST	B	0.3%
KDP	D	0.28%
EA	C	0.28%
BKR	C	0.28%
DDOG	A	0.28%
TEAM	B	0.26%
VRSK	A	0.26%
CTSH	B	0.25%
EXC	D	0.25%
AZN	F	0.24%
KHC	D	0.24%
MCHP	F	0.23%
CCEP	B	0.23%
LULU	C	0.23%
TTWO	B	0.21%
ZS	C	0.2%
CSGP	C	0.2%
ON	C	0.19%
DXCM	C	0.19%
ANSS	B	0.19%
WBD	C	0.16%
GFS	C	0.15%
MDB	C	0.15%
CDW	F	0.15%
ILMN	C	0.14%
ARM	D	0.11%
SMCI	D	0.11%
MRNA	F	0.09%

QQQ Underweight 132 Positions Relative to FHEQ

Symbol	Grade	Weight
BRK.A	B	-2.19%
JPM	B	-1.82%
XOM	C	-1.54%
MA	B	-1.34%
HD	A	-1.32%
BAC	A	-1.17%
CRM	B	-1.09%
ABBV	D	-1.0%
PM	B	-0.92%
PG	A	-0.87%
WMT	B	-0.8%
LLY	F	-0.76%
NEE	D	-0.73%
UNP	C	-0.73%
TJX	A	-0.73%
MRK	F	-0.69%
TT	B	-0.69%
LMT	D	-0.69%
BMY	B	-0.68%
T	A	-0.67%
CI	D	-0.63%
PGR	A	-0.63%
ECL	D	-0.62%
JNJ	D	-0.61%
SQ	B	-0.59%
BDX	F	-0.59%
CL	D	-0.58%
UNH	B	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	A	-0.56%
PFE	D	-0.56%
SEIC	A	-0.54%
C	A	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
MMC	A	-0.52%
TXT	D	-0.51%
DBX	C	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
ZBRA	A	-0.47%
V	A	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
ALLE	D	-0.44%
RTX	D	-0.44%
EOG	C	-0.43%
AXP	A	-0.43%
EXEL	A	-0.43%
CAH	B	-0.4%
ALRM	C	-0.4%
WM	A	-0.38%
CME	A	-0.37%
BK	A	-0.36%
TDC	D	-0.35%
PPG	D	-0.34%
NOW	B	-0.34%
ANF	C	-0.33%
LDOS	D	-0.32%
NUE	D	-0.32%
MEDP	F	-0.31%
GRMN	A	-0.31%
CACI	D	-0.3%
SKYW	B	-0.29%
SPGI	C	-0.28%
HWM	B	-0.27%
INCY	C	-0.27%
MSI	C	-0.26%
TMO	F	-0.26%
NSC	A	-0.26%
AMT	D	-0.24%
BLK	C	-0.23%
TROW	A	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	F	-0.22%
CVS	D	-0.22%
MMM	D	-0.22%
RSG	A	-0.2%
GL	C	-0.2%
CLX	C	-0.2%
PSA	C	-0.19%
GAP	C	-0.18%
DOCU	A	-0.18%
HLT	A	-0.18%
VZ	B	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
SPG	C	-0.16%
MS	B	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	C	-0.15%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	D	-0.14%
GEN	A	-0.13%
VEEV	B	-0.12%
CINF	A	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
BBWI	C	-0.11%
QRVO	F	-0.11%
VST	B	-0.11%
KR	A	-0.11%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
ANET	C	-0.08%
DOC	C	-0.08%
ALL	B	-0.07%
BCC	B	-0.07%
L	B	-0.07%
TENB	C	-0.06%
CRUS	F	-0.06%
LYFT	C	-0.06%
BLD	C	-0.05%
UTHR	C	-0.05%
ORCL	C	-0.04%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	B	-0.03%
CVX	B	-0.02%
MHO	C	-0.02%
TWLO	B	-0.02%
UNM	A	-0.01%
NWL	A	-0.01%
OGE	A	-0.01%