QUAL vs. FELV ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to Fidelity Enhanced Large Cap Value ETF (FELV)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It 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 fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	QUAL	FELV
30 Days	1.61%	4.38%
60 Days	2.39%	5.85%
90 Days	3.34%	7.57%
12 Months	30.86%	29.90%

48 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in FELV	Overlap
A	D	0.2%	0.09%	0.09%
AAPL	C	5.44%	0.19%	0.19%
ACN	C	1.67%	0.34%	0.34%
ADBE	C	1.76%	0.37%	0.37%
ADP	B	1.75%	0.1%	0.1%
AMAT	F	1.17%	0.42%	0.42%
BBY	D	0.29%	0.15%	0.15%
BLK	C	0.99%	0.37%	0.37%
CAT	B	1.4%	0.54%	0.54%
CME	A	0.52%	0.57%	0.52%
CMG	B	1.26%	0.07%	0.07%
COP	C	1.73%	0.56%	0.56%
CSCO	B	1.74%	1.07%	1.07%
CSGP	D	0.26%	0.04%	0.04%
CTAS	B	0.6%	0.43%	0.43%
DHI	D	0.7%	0.03%	0.03%
EA	A	0.2%	0.11%	0.11%
ED	D	0.5%	0.22%	0.22%
EQR	B	0.18%	0.17%	0.17%
EW	C	0.24%	0.06%	0.06%
GRMN	B	0.48%	0.11%	0.11%
ITW	B	0.73%	0.12%	0.12%
JNJ	D	2.15%	1.02%	1.02%
KLAC	D	0.77%	0.03%	0.03%
LIN	D	1.14%	0.46%	0.46%
LMT	D	1.08%	0.64%	0.64%
MA	C	4.22%	0.28%	0.28%
META	D	4.09%	0.21%	0.21%
MMC	B	0.74%	0.38%	0.38%
MMM	D	0.5%	0.6%	0.5%
NFLX	A	1.76%	0.19%	0.19%
NTAP	C	0.21%	0.12%	0.12%
NVDA	C	6.93%	0.17%	0.17%
PEG	A	0.69%	0.1%	0.1%
PHM	D	0.43%	0.01%	0.01%
PKG	A	0.1%	0.13%	0.1%
PPG	F	0.15%	0.57%	0.15%
PSA	D	0.55%	0.52%	0.52%
QCOM	F	1.15%	0.5%	0.5%
SEIC	B	0.07%	0.58%	0.07%
SOLV	C	0.05%	0.12%	0.05%
TJX	A	2.03%	0.28%	0.28%
TROW	B	0.19%	0.13%	0.13%
TXN	C	1.34%	0.16%	0.16%
UNH	C	2.81%	1.57%	1.57%
VEEV	C	0.16%	0.28%	0.16%
VLTO	D	0.21%	0.04%	0.04%
VRTX	F	0.62%	0.09%	0.09%

QUAL Overweight 75 Positions Relative to FELV

Symbol	Grade	Weight
MSFT	F	4.5%
V	A	4.5%
LLY	F	3.42%
COST	B	2.55%
GOOGL	C	1.77%
GOOG	C	1.55%
KO	D	1.43%
NKE	D	1.41%
PEP	F	1.1%
SRE	A	0.93%
SLB	C	0.89%
ANET	C	0.73%
LRCX	F	0.73%
PLD	D	0.71%
LULU	C	0.66%
GWW	B	0.59%
CDNS	B	0.58%
TPL	A	0.58%
SHW	A	0.57%
MCO	B	0.53%
NVR	D	0.52%
SNPS	B	0.51%
ZTS	D	0.51%
APH	A	0.5%
PAYX	C	0.49%
DECK	A	0.49%
TSCO	D	0.43%
AFL	B	0.42%
FAST	B	0.42%
ATO	A	0.4%
APD	A	0.35%
CBRE	B	0.35%
ODFL	B	0.34%
AMP	A	0.33%
ULTA	F	0.31%
IDXX	F	0.3%
WSM	B	0.29%
FERG	B	0.28%
ACGL	D	0.26%
AVB	B	0.24%
ROK	B	0.22%
POOL	C	0.22%
EQT	B	0.22%
MNST	C	0.21%
MANH	D	0.2%
APA	D	0.19%
MPWR	F	0.18%
EME	C	0.17%
RMD	C	0.17%
LPLA	A	0.17%
HSY	F	0.15%
KEYS	A	0.15%
CBOE	B	0.14%
WAT	B	0.13%
ROL	B	0.12%
WSO	A	0.12%
WST	C	0.12%
FDS	B	0.12%
EXPD	D	0.12%
GGG	B	0.11%
OMC	C	0.1%
ERIE	D	0.09%
RS	B	0.09%
MOH	F	0.09%
JKHY	D	0.09%
AVY	D	0.08%
PAYC	B	0.08%
UTHR	C	0.08%
MKTX	D	0.07%
ENPH	F	0.06%
SMCI	F	0.06%
AOS	F	0.06%
AFG	A	0.06%
IPG	D	0.05%
WBA	F	0.03%

QUAL Underweight 284 Positions Relative to FELV

Symbol	Grade	Weight
BRK.A	B	-3.64%
JPM	A	-2.93%
XOM	B	-2.51%
BAC	A	-1.77%
WMT	A	-1.76%
PM	B	-1.31%
PG	A	-1.24%
WFC	A	-1.22%
CMCSA	B	-1.13%
GE	D	-1.05%
T	A	-1.02%
GILD	C	-0.92%
SCHW	B	-0.88%
MU	D	-0.86%
PFE	D	-0.85%
ABBV	D	-0.85%
INTC	D	-0.85%
BMY	B	-0.84%
NEE	D	-0.81%
DIS	B	-0.8%
PYPL	B	-0.79%
ETN	A	-0.76%
UNP	C	-0.75%
BDX	F	-0.74%
TMO	F	-0.73%
SQ	B	-0.7%
PNC	B	-0.7%
RTX	C	-0.7%
VZ	C	-0.68%
RSG	A	-0.66%
NOC	D	-0.63%
SPGI	C	-0.63%
BK	A	-0.63%
CVNA	B	-0.62%
CI	F	-0.6%
AON	A	-0.59%
CCI	D	-0.57%
NSC	B	-0.57%
TMUS	B	-0.56%
ABT	B	-0.54%
CL	D	-0.54%
ALLE	D	-0.54%
MS	A	-0.54%
TXT	D	-0.53%
CVX	A	-0.53%
EOG	A	-0.53%
ZM	B	-0.52%
TT	A	-0.52%
ECL	D	-0.5%
SSNC	B	-0.5%
DD	D	-0.48%
C	A	-0.48%
LDOS	C	-0.47%
COF	B	-0.47%
CACI	D	-0.46%
LHX	C	-0.45%
HD	A	-0.45%
WAB	B	-0.45%
DBX	B	-0.42%
MDT	D	-0.4%
PCG	A	-0.39%
PCAR	B	-0.39%
UNM	A	-0.38%
IGT	F	-0.36%
L	A	-0.35%
PGR	A	-0.35%
EXEL	B	-0.35%
TPH	D	-0.35%
EVRG	A	-0.35%
BRX	A	-0.35%
CMI	A	-0.34%
CSX	B	-0.34%
NUE	C	-0.34%
GS	A	-0.34%
DVN	F	-0.34%
FTV	C	-0.33%
LPX	B	-0.33%
STLD	B	-0.33%
F	C	-0.33%
ZBRA	B	-0.32%
KR	B	-0.31%
CVS	D	-0.3%
CAH	B	-0.3%
TWLO	A	-0.3%
BIIB	F	-0.3%
FR	C	-0.28%
MCD	D	-0.28%
VMC	B	-0.28%
DUK	C	-0.28%
MO	A	-0.28%
TOL	B	-0.28%
GL	B	-0.28%
TRV	B	-0.28%
GEV	B	-0.28%
ANF	C	-0.28%
IBM	C	-0.27%
TDC	D	-0.27%
SYK	C	-0.26%
AME	A	-0.26%
WTW	B	-0.26%
VICI	C	-0.25%
CLX	B	-0.25%
GAP	C	-0.25%
XEL	A	-0.25%
SEE	C	-0.25%
FLS	B	-0.25%
WM	A	-0.25%
EXC	C	-0.24%
KMI	A	-0.24%
TFC	A	-0.24%
CNC	D	-0.23%
CINF	A	-0.22%
Z	A	-0.22%
DOCU	A	-0.22%
OC	A	-0.22%
CRM	B	-0.22%
DOC	D	-0.22%
INCY	C	-0.22%
SKYW	B	-0.21%
MGM	D	-0.21%
HPE	B	-0.21%
JCI	C	-0.21%
AXP	A	-0.2%
VMI	B	-0.2%
MSI	B	-0.2%
EQIX	A	-0.2%
PNR	A	-0.19%
DTE	C	-0.19%
USFD	A	-0.19%
FTI	A	-0.19%
ALL	A	-0.19%
BSX	B	-0.19%
MSCI	C	-0.19%
KEY	B	-0.18%
SPG	B	-0.18%
ITT	A	-0.18%
ICE	C	-0.18%
TMHC	B	-0.18%
ZG	A	-0.18%
EIX	B	-0.17%
DHR	F	-0.17%
PRU	A	-0.17%
IQV	D	-0.17%
LNW	D	-0.17%
MKL	A	-0.17%
ACA	A	-0.17%
CEG	D	-0.17%
GEHC	F	-0.16%
TAP	C	-0.16%
QGEN	D	-0.16%
MEDP	D	-0.16%
CCK	C	-0.16%
AES	F	-0.16%
PFG	D	-0.16%
STT	A	-0.15%
CNP	B	-0.15%
ILMN	D	-0.15%
JXN	C	-0.15%
AMGN	D	-0.15%
RCL	A	-0.15%
OXY	D	-0.15%
WDC	D	-0.14%
KMB	D	-0.14%
AMT	D	-0.14%
HUM	C	-0.14%
GD	F	-0.14%
HAL	C	-0.13%
WDAY	B	-0.13%
SWKS	F	-0.13%
CCL	B	-0.13%
ES	D	-0.13%
PH	A	-0.12%
AVGO	D	-0.12%
SO	D	-0.12%
WMB	A	-0.12%
EEFT	B	-0.12%
HWM	A	-0.12%
KHC	F	-0.12%
UHS	D	-0.12%
BLD	D	-0.11%
AIZ	A	-0.11%
QRVO	F	-0.11%
ENS	D	-0.11%
ROST	C	-0.11%
BCC	B	-0.11%
ELV	F	-0.11%
AMH	D	-0.11%
BMRN	D	-0.11%
TPR	B	-0.1%
ADTN	A	-0.1%
ADM	D	-0.1%
BKR	B	-0.1%
CRC	B	-0.1%
MHO	D	-0.1%
FANG	D	-0.09%
TRGP	B	-0.09%
CNO	A	-0.09%
MTDR	B	-0.09%
WBD	C	-0.09%
KD	B	-0.09%
GPN	B	-0.09%
ACT	D	-0.09%
MCK	B	-0.09%
CRUS	D	-0.09%
AMZN	C	-0.08%
TENB	C	-0.08%
DASH	A	-0.08%
MKC	D	-0.08%
DELL	C	-0.08%
LH	C	-0.08%
HON	B	-0.08%
BBWI	D	-0.08%
IFF	D	-0.08%
ALRM	C	-0.08%
AEP	D	-0.08%
VST	B	-0.07%
REG	B	-0.07%
BYD	C	-0.07%
LYFT	C	-0.07%
LOW	D	-0.07%
WCC	B	-0.07%
NWL	B	-0.06%
NWSA	B	-0.06%
UPS	C	-0.06%
LEG	F	-0.06%
ARW	D	-0.06%
VSTS	C	-0.06%
MDLZ	F	-0.06%
OGE	B	-0.06%
NMRK	B	-0.06%
DFS	B	-0.05%
TRMB	B	-0.05%
SAM	C	-0.05%
CTRA	B	-0.05%
FHI	A	-0.05%
GLPI	C	-0.05%
CW	B	-0.05%
PLTK	B	-0.05%
GIS	D	-0.05%
NEM	D	-0.05%
AM	A	-0.04%
ADI	D	-0.04%
INGR	B	-0.04%
VAC	B	-0.04%
HL	D	-0.04%
CWEN	C	-0.04%
BKH	A	-0.04%
CTRE	D	-0.04%
AXTA	A	-0.03%
MSA	D	-0.03%
SYF	B	-0.03%
TFX	F	-0.03%
UAL	A	-0.03%
RGA	A	-0.03%
EXTR	B	-0.03%
WS	B	-0.03%
RJF	A	-0.03%
ALKS	B	-0.03%
NWS	B	-0.03%
MATX	C	-0.03%
AMD	F	-0.02%
CWEN	C	-0.02%
AYI	B	-0.02%
SWI	B	-0.02%
OKTA	C	-0.02%
OGN	D	-0.02%
BERY	B	-0.02%
ITRI	B	-0.02%
BIO	D	-0.02%
WOOF	D	-0.02%
MWA	B	-0.01%
TNL	A	-0.01%
TGT	F	-0.01%
FTDR	A	-0.01%
MUR	D	-0.01%
CXT	B	-0.01%
BLDR	D	-0.01%
ROP	B	-0.01%
DGX	A	-0.01%
ANSS	B	-0.01%
AXS	A	-0.01%
SON	D	-0.01%
GLW	B	-0.01%
M	D	-0.01%