QQQI vs. FHEQ ETF Comparison

Comparison of NEOS Nasdaq 100 High Income ETF (QQQI) to Fidelity Hedged Equity ETF (FHEQ)

QQQI

NEOS Nasdaq 100 High Income ETF

QQQI Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the Nasdaq-100® Index and a call options strategy, that consists of written (sold) call options on the Nasdaq-100® Index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in securities, or derivative instruments linked to securities, of companies that are included in the reference index.

Grade (RS Rating)

Last Trade

$52.08

Average Daily Volume

231,302

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

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	QQQI	FHEQ
30 Days	3.32%	2.51%
60 Days	4.75%	3.80%
90 Days	6.05%	4.54%
12 Months

36 Overlapping Holdings

Symbol	Grade	Weight in QQQI	Weight in FHEQ	Overlap
AAPL	C	8.58%	7.31%	7.31%
ADBE	C	1.56%	0.93%	0.93%
ADP	B	0.83%	0.16%	0.16%
AMAT	F	1.04%	0.7%	0.7%
AMGN	D	1.04%	0.24%	0.24%
AMZN	C	5.13%	3.64%	3.64%
AVGO	D	4.85%	1.49%	1.49%
BIIB	F	0.14%	0.21%	0.14%
CMCSA	B	1.07%	0.83%	0.83%
COST	B	2.71%	0.45%	0.45%
CSCO	B	1.51%	0.79%	0.79%
CSX	B	0.48%	0.43%	0.43%
CTAS	B	0.46%	0.66%	0.46%
DASH	A	0.45%	0.12%	0.12%
FTNT	C	0.49%	0.24%	0.24%
GEHC	F	0.26%	0.17%	0.17%
GILD	C	0.79%	0.73%	0.73%
GOOG	C	2.51%	1.74%	1.74%
GOOGL	C	2.6%	2.02%	2.02%
IDXX	F	0.21%	0.26%	0.21%
KLAC	D	0.56%	0.54%	0.54%
LRCX	F	0.6%	0.23%	0.23%
MDLZ	F	0.61%	0.07%	0.07%
META	D	5.03%	2.87%	2.87%
MSFT	F	7.71%	5.64%	5.64%
MU	D	0.7%	0.47%	0.47%
NFLX	A	2.3%	1.26%	1.26%
NVDA	C	8.91%	7.27%	7.27%
PCAR	B	0.42%	0.42%	0.42%
PYPL	B	0.62%	0.54%	0.54%
QCOM	F	1.15%	0.84%	0.84%
ROST	C	0.34%	0.1%	0.1%
TMUS	B	1.9%	0.29%	0.29%
TSLA	B	3.68%	1.26%	1.26%
WDAY	B	0.39%	0.16%	0.16%
XEL	A	0.25%	0.21%	0.21%

QQQI Overweight 65 Positions Relative to FHEQ

Symbol	Grade	Weight
PEP	F	1.54%
AMD	F	1.41%
LIN	D	1.33%
ISRG	A	1.28%
TXN	C	1.27%
INTU	C	1.27%
HON	B	0.98%
PANW	C	0.86%
VRTX	F	0.79%
SBUX	A	0.79%
INTC	D	0.73%
ADI	D	0.7%
BKNG	A	0.6%
MRVL	B	0.56%
MAR	B	0.56%
CDNS	B	0.55%
REGN	F	0.54%
PDD	F	0.52%
CEG	D	0.49%
CRWD	B	0.49%
SNPS	B	0.48%
ADSK	A	0.44%
MNST	C	0.4%
ROP	B	0.39%
TTD	B	0.39%
ORLY	B	0.38%
CPRT	A	0.38%
ABNB	C	0.37%
NXPI	D	0.36%
PAYX	C	0.35%
CHTR	C	0.34%
ASML	F	0.34%
AEP	D	0.33%
FAST	B	0.33%
KDP	D	0.32%
ODFL	B	0.32%
BKR	B	0.3%
EA	A	0.3%
CTSH	B	0.28%
KHC	F	0.27%
EXC	C	0.26%
DDOG	A	0.26%
TEAM	A	0.26%
VRSK	A	0.25%
AZN	D	0.25%
MCHP	D	0.24%
LULU	C	0.23%
MELI	D	0.23%
CCEP	C	0.23%
CSGP	D	0.21%
ON	D	0.2%
DXCM	D	0.19%
TTWO	A	0.19%
FANG	D	0.19%
ZS	C	0.18%
GFS	C	0.17%
WBD	C	0.17%
ANSS	B	0.17%
CDW	F	0.16%
ILMN	D	0.15%
MRNA	F	0.1%
MDB	C	0.09%
DLTR	F	0.09%
ARM	D	0.06%
SMCI	F	0.01%

QQQI Underweight 132 Positions Relative to FHEQ

Symbol	Grade	Weight
BRK.A	B	-2.19%
JPM	A	-1.82%
XOM	B	-1.54%
MA	C	-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	A	-0.8%
LLY	F	-0.76%
NEE	D	-0.73%
UNP	C	-0.73%
TJX	A	-0.73%
MRK	F	-0.69%
TT	A	-0.69%
LMT	D	-0.69%
BMY	B	-0.68%
T	A	-0.67%
CI	F	-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	C	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
PFE	D	-0.56%
SEIC	B	-0.54%
C	A	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
ZBRA	B	-0.47%
V	A	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
EOG	A	-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%
BK	A	-0.36%
TDC	D	-0.35%
PPG	F	-0.34%
NOW	A	-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%
SPGI	C	-0.28%
HWM	A	-0.27%
INCY	C	-0.27%
MSI	B	-0.26%
TMO	F	-0.26%
NSC	B	-0.26%
AMT	D	-0.24%
BLK	C	-0.23%
TROW	B	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
CVS	D	-0.22%
MMM	D	-0.22%
RSG	A	-0.2%
GL	B	-0.2%
CLX	B	-0.2%
PSA	D	-0.19%
GAP	C	-0.18%
DOCU	A	-0.18%
HLT	A	-0.18%
VZ	C	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
SPG	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%
GEN	B	-0.13%
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%
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%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%