QVML vs. FHEQ ETF Comparison
Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to Fidelity Hedged Equity ETF (FHEQ)
QVML
Invesco S&P 500 QVM Multi-factor ETF
QVML Description
The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.
Grade (RS Rating)
Last Trade
$33.95
Average Daily Volume
1,374
Number of Holdings
*
446
* 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
$27.21
Average Daily Volume
20,672
Number of Holdings
*
157
* may have additional holdings in another (foreign) market
Performance
| Period | QVML | FHEQ |
|---|---|---|
| 30 Days | 0.43% | 0.66% |
| 60 Days | 1.18% | 1.38% |
| 90 Days | 7.14% | 5.50% |
| 12 Months | 36.95% |
114 Overlapping Holdings
| Symbol | Grade | Weight in QVML | Weight in FHEQ | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 7.43% | 7.51% | 7.43% | |
| ABBV | A | 0.72% | 1.14% | 0.72% | |
| ADBE | F | 0.46% | 0.92% | 0.46% | |
| ADP | A | 0.25% | 0.15% | 0.15% | |
| ALL | C | 0.11% | 0.06% | 0.06% | |
| ALLE | C | 0.03% | 0.41% | 0.03% | |
| AMAT | F | 0.36% | 0.77% | 0.36% | |
| AMD | F | 0.57% | 0.01% | 0.01% | |
| AMZN | B | 3.62% | 3.01% | 3.01% | |
| ANET | B | 0.22% | 0.67% | 0.22% | |
| AVGO | B | 1.72% | 1.75% | 1.72% | |
| AXP | B | 0.34% | 0.4% | 0.34% | |
| BAC | B | 0.65% | 1.08% | 0.65% | |
| BDX | D | 0.15% | 0.62% | 0.15% | |
| BK | B | 0.12% | 0.34% | 0.12% | |
| BRK.A | D | 1.85% | 2.04% | 1.85% | |
| C | A | 0.29% | 0.49% | 0.29% | |
| CAH | D | 0.06% | 0.39% | 0.06% | |
| CAT | B | 0.43% | 0.85% | 0.43% | |
| CCL | A | 0.05% | 0.05% | 0.05% | |
| CI | F | 0.19% | 0.62% | 0.19% | |
| CINF | B | 0.05% | 0.11% | 0.05% | |
| CL | D | 0.17% | 0.59% | 0.17% | |
| CMCSA | A | 0.36% | 0.82% | 0.36% | |
| CME | A | 0.17% | 0.37% | 0.17% | |
| CMG | D | 0.18% | 0.56% | 0.18% | |
| CNC | F | 0.07% | 0.17% | 0.07% | |
| COST | D | 0.84% | 0.44% | 0.44% | |
| CRM | B | 0.63% | 1.1% | 0.63% | |
| CSCO | B | 0.5% | 0.78% | 0.5% | |
| CSX | D | 0.14% | 0.55% | 0.14% | |
| CTAS | B | 0.15% | 0.65% | 0.15% | |
| CVS | F | 0.15% | 0.22% | 0.15% | |
| CVX | C | 0.58% | 0.02% | 0.02% | |
| DIS | B | 0.38% | 0.41% | 0.38% | |
| DVN | F | 0.06% | 0.44% | 0.06% | |
| ECL | C | 0.14% | 0.62% | 0.14% | |
| EOG | D | 0.16% | 0.25% | 0.16% | |
| ETN | B | 0.31% | 0.45% | 0.31% | |
| F | D | 0.09% | 0.14% | 0.09% | |
| FTNT | B | 0.11% | 0.12% | 0.11% | |
| GE | C | 0.43% | 0.46% | 0.43% | |
| GEHC | D | 0.08% | 0.18% | 0.08% | |
| GEN | A | 0.03% | 0.12% | 0.03% | |
| GILD | A | 0.23% | 0.76% | 0.23% | |
| GL | C | 0.02% | 0.19% | 0.02% | |
| GOOG | A | 4.26% | 1.88% | 1.88% | |
| GRMN | B | 0.06% | 0.24% | 0.06% | |
| HD | B | 0.83% | 1.3% | 0.83% | |
| HWM | B | 0.09% | 0.24% | 0.09% | |
| IFF | D | 0.06% | 0.06% | 0.06% | |
| INCY | A | 0.03% | 0.23% | 0.03% | |
| JNJ | D | 0.83% | 0.64% | 0.64% | |
| JPM | A | 1.49% | 1.67% | 1.49% | |
| KLAC | F | 0.22% | 0.55% | 0.22% | |
| KO | D | 0.55% | 0.03% | 0.03% | |
| KR | B | 0.08% | 0.11% | 0.08% | |
| L | C | 0.03% | 0.07% | 0.03% | |
| LDOS | A | 0.06% | 0.34% | 0.06% | |
| LLY | D | 1.61% | 0.94% | 0.94% | |
| LMT | D | 0.25% | 0.73% | 0.25% | |
| MA | B | 0.88% | 1.32% | 0.88% | |
| MDLZ | D | 0.19% | 0.08% | 0.08% | |
| META | B | 2.84% | 3.02% | 2.84% | |
| MGM | D | 0.02% | 0.03% | 0.02% | |
| MMC | D | 0.23% | 0.55% | 0.23% | |
| MMM | D | 0.16% | 0.22% | 0.16% | |
| MPWR | F | 0.1% | 0.23% | 0.1% | |
| MRK | F | 0.58% | 0.72% | 0.58% | |
| MS | B | 0.34% | 0.14% | 0.14% | |
| MSFT | D | 6.79% | 5.86% | 5.86% | |
| MSI | C | 0.17% | 0.23% | 0.17% | |
| MU | C | 0.27% | 0.48% | 0.27% | |
| NEE | D | 0.34% | 0.62% | 0.34% | |
| NFLX | A | 0.72% | 1.16% | 0.72% | |
| NOC | D | 0.15% | 0.59% | 0.15% | |
| NSC | B | 0.12% | 0.25% | 0.12% | |
| NUE | F | 0.08% | 0.31% | 0.08% | |
| NVDA | B | 7.61% | 7.47% | 7.47% | |
| PCAR | C | 0.12% | 0.4% | 0.12% | |
| PG | D | 0.83% | 0.86% | 0.83% | |
| PGR | D | 0.31% | 0.61% | 0.31% | |
| PM | A | 0.43% | 0.93% | 0.43% | |
| PPG | F | 0.07% | 0.35% | 0.07% | |
| PSA | D | 0.11% | 0.19% | 0.11% | |
| PYPL | B | 0.19% | 0.53% | 0.19% | |
| QCOM | D | 0.44% | 0.87% | 0.44% | |
| QRVO | F | 0.02% | 0.14% | 0.02% | |
| ROST | F | 0.1% | 0.1% | 0.1% | |
| RTX | C | 0.36% | 0.47% | 0.36% | |
| SCHW | B | 0.24% | 0.5% | 0.24% | |
| SOLV | B | 0.02% | 0.14% | 0.02% | |
| SPG | B | 0.12% | 0.15% | 0.12% | |
| SPGI | D | 0.33% | 0.78% | 0.33% | |
| STLD | B | 0.05% | 0.05% | 0.05% | |
| T | A | 0.32% | 0.64% | 0.32% | |
| TJX | D | 0.28% | 0.7% | 0.28% | |
| TMO | F | 0.45% | 0.73% | 0.45% | |
| TMUS | B | 0.25% | 0.07% | 0.07% | |
| TRV | B | 0.12% | 0.52% | 0.12% | |
| TT | C | 0.19% | 0.66% | 0.19% | |
| TXT | F | 0.04% | 0.47% | 0.04% | |
| UBER | C | 0.37% | 0.28% | 0.28% | |
| UHS | D | 0.03% | 0.08% | 0.03% | |
| UNH | D | 1.11% | 0.55% | 0.55% | |
| UNP | D | 0.31% | 0.72% | 0.31% | |
| V | A | 0.93% | 0.41% | 0.41% | |
| VST | B | 0.09% | 0.09% | 0.09% | |
| VZ | D | 0.36% | 0.54% | 0.36% | |
| WM | A | 0.17% | 0.36% | 0.17% | |
| WMT | A | 0.73% | 0.79% | 0.73% | |
| WTW | A | 0.07% | 0.29% | 0.07% | |
| XEL | A | 0.07% | 0.23% | 0.07% | |
| XOM | C | 1.21% | 1.54% | 1.21% |
QVML Overweight 332 Positions Relative to FHEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| WFC | A | 0.53% | |
| LIN | C | 0.5% | |
| ACN | C | 0.48% | |
| PEP | D | 0.48% | |
| TXN | B | 0.44% | |
| NOW | B | 0.41% | |
| ABT | C | 0.41% | |
| IBM | C | 0.4% | |
| GS | B | 0.39% | |
| ISRG | B | 0.39% | |
| INTU | D | 0.37% | |
| DHR | F | 0.34% | |
| BKNG | A | 0.33% | |
| HON | C | 0.29% | |
| COP | C | 0.28% | |
| PANW | B | 0.27% | |
| VRTX | A | 0.27% | |
| SYK | C | 0.26% | |
| FI | B | 0.26% | |
| BX | B | 0.26% | |
| ADI | C | 0.26% | |
| BSX | B | 0.26% | |
| CB | C | 0.25% | |
| MDT | B | 0.25% | |
| INTC | D | 0.23% | |
| LRCX | F | 0.23% | |
| NKE | F | 0.22% | |
| REGN | F | 0.22% | |
| DE | B | 0.22% | |
| PLD | F | 0.22% | |
| ICE | C | 0.21% | |
| KKR | B | 0.21% | |
| ELV | F | 0.21% | |
| UPS | C | 0.21% | |
| SO | B | 0.2% | |
| DUK | C | 0.19% | |
| MO | A | 0.19% | |
| SNPS | B | 0.19% | |
| CEG | B | 0.19% | |
| APH | B | 0.19% | |
| PH | A | 0.18% | |
| SHW | D | 0.18% | |
| WELL | A | 0.17% | |
| PNC | A | 0.17% | |
| CRWD | C | 0.17% | |
| CDNS | C | 0.17% | |
| GEV | A | 0.17% | |
| USB | B | 0.17% | |
| ZTS | D | 0.17% | |
| AON | A | 0.17% | |
| NXPI | D | 0.16% | |
| MCO | D | 0.16% | |
| GD | C | 0.15% | |
| ITW | A | 0.15% | |
| MCK | F | 0.15% | |
| TGT | F | 0.15% | |
| HCA | D | 0.15% | |
| FCX | D | 0.15% | |
| SLB | F | 0.14% | |
| WMB | A | 0.14% | |
| FDX | C | 0.14% | |
| GM | B | 0.14% | |
| EMR | B | 0.14% | |
| COF | A | 0.14% | |
| AFL | C | 0.13% | |
| PSX | F | 0.13% | |
| ROP | D | 0.13% | |
| ABNB | C | 0.13% | |
| TFC | B | 0.13% | |
| CARR | D | 0.13% | |
| ADSK | B | 0.13% | |
| AJG | D | 0.13% | |
| AZO | C | 0.12% | |
| AIG | B | 0.12% | |
| DLR | A | 0.12% | |
| URI | B | 0.12% | |
| OKE | A | 0.12% | |
| MPC | F | 0.12% | |
| KMI | A | 0.11% | |
| FIS | A | 0.11% | |
| AEP | D | 0.11% | |
| RCL | A | 0.11% | |
| DHI | D | 0.11% | |
| MET | C | 0.11% | |
| O | C | 0.11% | |
| AMP | B | 0.11% | |
| SRE | B | 0.11% | |
| JCI | B | 0.11% | |
| PAYX | B | 0.1% | |
| MCHP | F | 0.1% | |
| KMB | D | 0.1% | |
| VLO | F | 0.1% | |
| PRU | B | 0.1% | |
| GWW | A | 0.1% | |
| PWR | B | 0.1% | |
| D | B | 0.1% | |
| CMI | B | 0.1% | |
| LHX | A | 0.1% | |
| CPRT | D | 0.1% | |
| IT | C | 0.09% | |
| IR | B | 0.09% | |
| AME | A | 0.09% | |
| ACGL | D | 0.09% | |
| DFS | B | 0.09% | |
| HES | D | 0.09% | |
| KVUE | A | 0.09% | |
| IQV | F | 0.09% | |
| RSG | D | 0.09% | |
| LEN | D | 0.09% | |
| EW | D | 0.09% | |
| PCG | B | 0.09% | |
| PEG | B | 0.09% | |
| FAST | A | 0.09% | |
| CTVA | A | 0.09% | |
| EXR | D | 0.08% | |
| MNST | C | 0.08% | |
| ON | D | 0.08% | |
| DAL | A | 0.08% | |
| LULU | C | 0.08% | |
| VMC | A | 0.08% | |
| IDXX | F | 0.08% | |
| FANG | F | 0.08% | |
| ODFL | A | 0.08% | |
| DOW | F | 0.08% | |
| STZ | F | 0.08% | |
| DD | D | 0.08% | |
| TRGP | A | 0.08% | |
| EA | A | 0.08% | |
| SYY | D | 0.08% | |
| GLW | A | 0.08% | |
| MLM | A | 0.08% | |
| OXY | F | 0.08% | |
| GIS | D | 0.08% | |
| VRSK | B | 0.08% | |
| CTSH | D | 0.08% | |
| EXC | C | 0.08% | |
| COR | D | 0.08% | |
| CBRE | A | 0.08% | |
| BKR | A | 0.08% | |
| A | F | 0.08% | |
| HPE | B | 0.07% | |
| CDW | F | 0.07% | |
| EBAY | D | 0.07% | |
| NDAQ | B | 0.07% | |
| FITB | B | 0.07% | |
| AVB | C | 0.07% | |
| AXON | B | 0.07% | |
| ROK | C | 0.07% | |
| EIX | D | 0.07% | |
| VICI | D | 0.07% | |
| XYL | F | 0.07% | |
| HUM | F | 0.07% | |
| HIG | C | 0.07% | |
| KDP | F | 0.07% | |
| CHTR | D | 0.07% | |
| MTB | B | 0.07% | |
| EFX | D | 0.07% | |
| WAB | A | 0.07% | |
| HPQ | C | 0.07% | |
| RMD | B | 0.07% | |
| ED | C | 0.07% | |
| AWK | D | 0.06% | |
| HSY | F | 0.06% | |
| DTE | C | 0.06% | |
| NTAP | D | 0.06% | |
| BRO | B | 0.06% | |
| TYL | A | 0.06% | |
| DOV | B | 0.06% | |
| FTV | F | 0.06% | |
| HAL | F | 0.06% | |
| PHM | D | 0.06% | |
| TTWO | A | 0.06% | |
| DECK | B | 0.06% | |
| KHC | D | 0.06% | |
| TSCO | D | 0.06% | |
| KEYS | C | 0.06% | |
| ETR | A | 0.06% | |
| RJF | A | 0.06% | |
| ADM | F | 0.06% | |
| ANSS | C | 0.06% | |
| CSGP | F | 0.06% | |
| WEC | B | 0.06% | |
| STT | A | 0.06% | |
| NVR | D | 0.06% | |
| K | A | 0.05% | |
| BLDR | F | 0.05% | |
| EXPE | B | 0.05% | |
| CBOE | A | 0.05% | |
| NTRS | A | 0.05% | |
| STE | D | 0.05% | |
| FE | D | 0.05% | |
| WY | F | 0.05% | |
| TDY | B | 0.05% | |
| EQT | B | 0.05% | |
| AEE | B | 0.05% | |
| ES | D | 0.05% | |
| WDC | D | 0.05% | |
| UAL | A | 0.05% | |
| RF | A | 0.05% | |
| ZBH | D | 0.05% | |
| VLTO | D | 0.05% | |
| LYB | F | 0.05% | |
| PPL | A | 0.05% | |
| HBAN | A | 0.05% | |
| WST | B | 0.05% | |
| PTC | A | 0.05% | |
| HUBB | B | 0.05% | |
| CPAY | B | 0.05% | |
| CHD | D | 0.05% | |
| SMCI | F | 0.05% | |
| SYF | B | 0.05% | |
| EQR | D | 0.05% | |
| GDDY | A | 0.05% | |
| SW | C | 0.05% | |
| BR | C | 0.05% | |
| VTR | A | 0.05% | |
| TROW | C | 0.05% | |
| GPN | D | 0.05% | |
| AKAM | C | 0.04% | |
| PNR | A | 0.04% | |
| AMCR | B | 0.04% | |
| IP | A | 0.04% | |
| AVY | D | 0.04% | |
| SWKS | F | 0.04% | |
| DLTR | F | 0.04% | |
| EXPD | D | 0.04% | |
| FDS | B | 0.04% | |
| EG | F | 0.04% | |
| ULTA | F | 0.04% | |
| GPC | F | 0.04% | |
| MAA | D | 0.04% | |
| TSN | D | 0.04% | |
| ARE | F | 0.04% | |
| KEY | B | 0.04% | |
| BAX | F | 0.04% | |
| DGX | A | 0.04% | |
| BBY | D | 0.04% | |
| MRNA | F | 0.04% | |
| TER | F | 0.04% | |
| SNA | A | 0.04% | |
| DG | F | 0.04% | |
| WRB | C | 0.04% | |
| MAS | C | 0.04% | |
| CNP | B | 0.04% | |
| PFG | C | 0.04% | |
| LUV | A | 0.04% | |
| CTRA | B | 0.04% | |
| MKC | D | 0.04% | |
| ESS | D | 0.04% | |
| J | D | 0.04% | |
| WBD | C | 0.04% | |
| HOLX | C | 0.04% | |
| MOH | D | 0.04% | |
| BALL | F | 0.04% | |
| DRI | C | 0.04% | |
| NRG | A | 0.04% | |
| INVH | F | 0.04% | |
| FSLR | F | 0.04% | |
| ZBRA | A | 0.04% | |
| CMS | C | 0.04% | |
| WAT | D | 0.04% | |
| OMC | B | 0.04% | |
| LH | A | 0.04% | |
| APTV | F | 0.04% | |
| ATO | B | 0.04% | |
| PKG | A | 0.04% | |
| CFG | A | 0.04% | |
| IPG | F | 0.03% | |
| REG | C | 0.03% | |
| BXP | B | 0.03% | |
| EMN | C | 0.03% | |
| UDR | D | 0.03% | |
| JNPR | A | 0.03% | |
| CPT | D | 0.03% | |
| KMX | F | 0.03% | |
| HST | D | 0.03% | |
| BG | F | 0.03% | |
| JKHY | B | 0.03% | |
| CHRW | C | 0.03% | |
| ROL | D | 0.03% | |
| EVRG | C | 0.03% | |
| CE | F | 0.03% | |
| CAG | D | 0.03% | |
| POOL | C | 0.03% | |
| FFIV | A | 0.03% | |
| RVTY | C | 0.03% | |
| NWSA | B | 0.03% | |
| VTRS | C | 0.03% | |
| JBHT | A | 0.03% | |
| LNT | B | 0.03% | |
| SWK | D | 0.03% | |
| NI | A | 0.03% | |
| FOXA | A | 0.03% | |
| KIM | B | 0.03% | |
| ALGN | F | 0.03% | |
| DOC | B | 0.03% | |
| CF | D | 0.03% | |
| JBL | B | 0.03% | |
| MRO | B | 0.03% | |
| IEX | A | 0.03% | |
| WBA | C | 0.02% | |
| MHK | D | 0.02% | |
| PAYC | A | 0.02% | |
| RL | B | 0.02% | |
| FMC | B | 0.02% | |
| DVA | D | 0.02% | |
| FRT | D | 0.02% | |
| IVZ | B | 0.02% | |
| BWA | C | 0.02% | |
| CPB | D | 0.02% | |
| HRL | F | 0.02% | |
| CRL | F | 0.02% | |
| HSIC | D | 0.02% | |
| AOS | F | 0.02% | |
| MOS | B | 0.02% | |
| PNW | D | 0.02% | |
| APA | F | 0.02% | |
| CZR | C | 0.02% | |
| TAP | D | 0.02% | |
| DAY | A | 0.02% | |
| NCLH | A | 0.02% | |
| MKTX | A | 0.02% | |
| LKQ | F | 0.02% | |
| AIZ | D | 0.02% | |
| GNRC | B | 0.02% | |
| HII | F | 0.02% | |
| TPR | A | 0.02% | |
| LW | B | 0.02% | |
| EPAM | F | 0.02% | |
| TFX | F | 0.02% | |
| PARA | C | 0.01% | |
| BEN | B | 0.01% |
QVML Underweight 43 Positions Relative to FHEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | A | -1.93% | |
| TSLA | A | -0.93% | |
| BMY | A | -0.72% | |
| PFE | D | -0.65% | |
| MSCI | C | -0.57% | |
| DBX | B | -0.54% | |
| CVNA | A | -0.54% | |
| SEIC | A | -0.53% | |
| SQ | B | -0.53% | |
| CACI | A | -0.53% | |
| ZM | A | -0.53% | |
| IGT | F | -0.5% | |
| EXEL | A | -0.4% | |
| TDC | B | -0.38% | |
| ANF | D | -0.34% | |
| MEDP | F | -0.33% | |
| AMGN | C | -0.28% | |
| BIIB | F | -0.25% | |
| SKYW | A | -0.24% | |
| PEGA | A | -0.2% | |
| NBIX | D | -0.2% | |
| CLX | C | -0.19% | |
| GAP | D | -0.18% | |
| ALRM | F | -0.18% | |
| HLT | B | -0.17% | |
| DOCU | B | -0.17% | |
| LNW | F | -0.17% | |
| FTI | B | -0.16% | |
| WDAY | F | -0.15% | |
| TPH | D | -0.14% | |
| VEEV | C | -0.12% | |
| DASH | A | -0.11% | |
| UTHR | A | -0.1% | |
| PLTK | A | -0.09% | |
| CRUS | F | -0.07% | |
| BBWI | F | -0.07% | |
| SCCO | B | -0.05% | |
| LYFT | C | -0.05% | |
| ORCL | B | -0.04% | |
| OGE | C | -0.04% | |
| AMT | D | -0.04% | |
| MHO | D | -0.02% | |
| NWL | A | -0.01% |
QVML: Top Represented Industries & Keywords
Industries:
Diversified Industrials
Software - Application
Utilities - Regulated Electric
Semiconductors
Business Services
Diagnostics & Research
Oil & Gas E&P
Asset Management
Banks - Regional - US
Capital Markets
Medical Instruments & Supplies
Packaged Foods
Aerospace & Defense
Credit Services
Health Care Plans
Information Technology Services
Insurance - Property & Casualty
Medical Devices
REIT - Residential
Specialty Retail
FHEQ: Top Represented Industries & Keywords
Industries:
Software - Application
Drug Manufacturers - Major
Semiconductors
Apparel Stores
Insurance - Property & Casualty
Telecom Services
Aerospace & Defense
Biotechnology
Capital Markets
Credit Services
Health Care Plans
Household & Personal Products
Specialty Industrial Machinery
Banks - Global
Internet Content & Information
Railroads
Software - Infrastructure
Specialty Chemicals
Utilities - Regulated Electric
Asset Management
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