QWLD vs. FHEQ ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Fidelity Hedged Equity ETF (FHEQ)

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* 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	QWLD	FHEQ
30 Days	0.82%	2.51%
60 Days	0.23%	3.80%
90 Days	0.87%	4.54%
12 Months	22.65%

142 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in FHEQ	Overlap
AAPL	C	2.57%	7.31%	2.57%
ABBV	D	0.34%	1.0%	0.34%
ABBV	D	0.16%	1.0%	0.16%
ADBE	C	0.42%	0.93%	0.42%
ADP	B	0.26%	0.16%	0.16%
ALL	A	0.08%	0.07%	0.07%
ALLE	D	0.02%	0.44%	0.02%
AMAT	F	0.29%	0.7%	0.29%
AME	A	0.01%	0.22%	0.01%
AMGN	D	0.16%	0.24%	0.16%
AMT	D	0.02%	0.24%	0.02%
AMZN	C	0.37%	3.64%	0.37%
ANET	C	0.19%	0.08%	0.08%
AVGO	D	0.11%	1.49%	0.11%
AXP	A	0.06%	0.43%	0.06%
BAC	A	0.39%	1.17%	0.39%
BAH	F	0.15%	0.09%	0.09%
BBWI	D	0.0%	0.11%	0.0%
BDX	F	0.07%	0.59%	0.07%
BIIB	F	0.01%	0.21%	0.01%
BK	A	0.05%	0.36%	0.05%
BLK	C	0.25%	0.23%	0.23%
BMY	B	0.21%	0.68%	0.21%
BRK.A	B	0.73%	2.19%	0.73%
C	A	0.25%	0.54%	0.25%
CAH	B	0.13%	0.4%	0.13%
CAT	B	0.36%	0.48%	0.36%
CI	F	0.18%	0.63%	0.18%
CINF	A	0.02%	0.12%	0.02%
CL	D	0.2%	0.58%	0.2%
CLX	B	0.01%	0.2%	0.01%
CMCSA	B	0.17%	0.83%	0.17%
CME	A	0.16%	0.37%	0.16%
CMG	B	0.14%	0.49%	0.14%
COST	B	0.76%	0.45%	0.45%
CRM	B	0.06%	1.09%	0.06%
CSCO	B	1.03%	0.79%	0.79%
CSX	B	0.11%	0.43%	0.11%
CTAS	B	0.14%	0.66%	0.14%
CVS	D	0.16%	0.22%	0.16%
CVX	A	0.33%	0.02%	0.02%
DASH	A	0.01%	0.12%	0.01%
DIS	B	0.1%	0.57%	0.1%
DOC	D	0.01%	0.08%	0.01%
DOCU	A	0.0%	0.18%	0.0%
DVN	F	0.03%	0.53%	0.03%
ECL	D	0.01%	0.62%	0.01%
EOG	A	0.06%	0.43%	0.06%
ETN	A	0.03%	0.15%	0.03%
F	C	0.09%	0.15%	0.09%
FTNT	C	0.01%	0.24%	0.01%
GE	D	0.31%	0.45%	0.31%
GEHC	F	0.02%	0.17%	0.02%
GEN	B	0.12%	0.13%	0.12%
GILD	C	0.24%	0.73%	0.24%
GOOG	C	0.94%	1.74%	0.94%
GOOGL	C	1.07%	2.02%	1.07%
GRMN	B	0.05%	0.31%	0.05%
HD	A	0.15%	1.32%	0.15%
HLT	A	0.01%	0.18%	0.01%
HWM	A	0.01%	0.27%	0.01%
IDXX	F	0.07%	0.26%	0.07%
INCY	C	0.15%	0.27%	0.15%
JNJ	D	1.1%	0.61%	0.61%
JPM	A	0.6%	1.82%	0.6%
KLAC	D	0.14%	0.54%	0.14%
KR	B	0.31%	0.11%	0.11%
L	A	0.17%	0.07%	0.07%
LDOS	C	0.01%	0.32%	0.01%
LHX	C	0.02%	0.23%	0.02%
LLY	F	1.14%	0.76%	0.76%
LMT	D	0.42%	0.69%	0.42%
LPLA	A	0.05%	0.03%	0.03%
LRCX	F	0.18%	0.23%	0.18%
MA	C	0.71%	1.34%	0.71%
MDLZ	F	0.14%	0.07%	0.07%
META	D	2.11%	2.87%	2.11%
MGM	D	0.01%	0.22%	0.01%
MKL	A	0.13%	0.09%	0.09%
MMC	B	0.51%	0.52%	0.51%
MMM	D	0.14%	0.22%	0.14%
MRK	F	0.42%	0.69%	0.42%
MS	A	0.12%	0.16%	0.12%
MSCI	C	0.0%	0.49%	0.0%
MSFT	F	2.3%	5.64%	2.3%
MSI	B	0.65%	0.26%	0.26%
MU	D	0.04%	0.47%	0.04%
NBIX	C	0.11%	0.11%	0.11%
NEE	D	0.06%	0.73%	0.06%
NFLX	A	0.54%	1.26%	0.54%
NOC	D	0.32%	0.56%	0.32%
NOW	A	0.01%	0.34%	0.01%
NSC	B	0.03%	0.26%	0.03%
NUE	C	0.04%	0.32%	0.04%
NVDA	C	2.53%	7.27%	2.53%
ORCL	B	0.25%	0.04%	0.04%
PCAR	B	0.11%	0.42%	0.11%
PFE	D	0.18%	0.56%	0.18%
PG	A	0.95%	0.87%	0.87%
PGR	A	0.35%	0.63%	0.35%
PM	B	0.07%	0.92%	0.07%
PPG	F	0.01%	0.34%	0.01%
PSA	D	0.09%	0.19%	0.09%
PYPL	B	0.04%	0.54%	0.04%
QCOM	F	0.32%	0.84%	0.32%
QGEN	D	0.0%	0.04%	0.0%
QRVO	F	0.0%	0.11%	0.0%
ROST	C	0.02%	0.1%	0.02%
RSG	A	0.46%	0.2%	0.2%
RTX	C	0.09%	0.44%	0.09%
SCHW	B	0.04%	0.56%	0.04%
SEIC	B	0.02%	0.54%	0.02%
SOLV	C	0.03%	0.12%	0.03%
SPG	B	0.02%	0.16%	0.02%
SPGI	C	0.04%	0.28%	0.04%
SQ	B	0.02%	0.59%	0.02%
T	A	0.39%	0.67%	0.39%
TJX	A	0.35%	0.73%	0.35%
TMO	F	0.06%	0.26%	0.06%
TMUS	B	0.76%	0.29%	0.29%
TROW	B	0.05%	0.23%	0.05%
TRV	B	0.3%	0.49%	0.3%
TSLA	B	0.16%	1.26%	0.16%
TT	A	0.15%	0.69%	0.15%
TWLO	A	0.01%	0.02%	0.01%
TXT	D	0.01%	0.51%	0.01%
UBER	D	0.01%	0.14%	0.01%
UNH	C	1.35%	0.57%	0.57%
UNP	C	0.26%	0.73%	0.26%
UTHR	C	0.15%	0.05%	0.05%
V	A	1.21%	0.47%	0.47%
VEEV	C	0.05%	0.12%	0.05%
VST	B	0.01%	0.11%	0.01%
VZ	C	0.58%	0.18%	0.18%
WDAY	B	0.04%	0.16%	0.04%
WFC	A	0.28%	0.15%	0.15%
WM	A	0.52%	0.38%	0.38%
WMT	A	0.76%	0.8%	0.76%
XEL	A	0.09%	0.21%	0.09%
XOM	B	0.47%	1.54%	0.47%
ZBRA	B	0.01%	0.47%	0.01%
ZM	B	0.01%	0.52%	0.01%

QWLD Overweight 468 Positions Relative to FHEQ

Symbol	Grade	Weight
NVS	D	0.79%
PEP	F	0.77%
ACN	C	0.65%
MCK	B	0.58%
KO	D	0.56%
ROP	B	0.48%
TXN	C	0.48%
SO	D	0.46%
IBM	C	0.46%
VRTX	F	0.43%
APH	A	0.43%
MCD	D	0.42%
COR	B	0.41%
CB	C	0.4%
DUK	C	0.36%
ED	D	0.35%
GIS	D	0.33%
REGN	F	0.31%
AZO	C	0.28%
INTU	C	0.27%
UL	D	0.27%
WCN	A	0.27%
ACGL	D	0.26%
HON	B	0.26%
HSBH	B	0.25%
GDDY	A	0.25%
ISRG	A	0.25%
ORLY	B	0.24%
CBOE	B	0.24%
MFG	B	0.24%
K	A	0.23%
ELV	F	0.21%
EA	A	0.2%
KHC	F	0.2%
WEC	A	0.2%
CTSH	B	0.2%
GM	B	0.19%
AJG	B	0.19%
WMB	A	0.19%
CHD	B	0.19%
GD	F	0.18%
PANW	C	0.18%
KEYS	A	0.17%
NKE	D	0.17%
AON	A	0.17%
CHKP	D	0.17%
GS	A	0.17%
MPC	D	0.17%
HSY	F	0.16%
FFIV	B	0.16%
TM	D	0.15%
TSN	B	0.15%
TGT	F	0.15%
YUM	B	0.15%
ZTS	D	0.15%
HUM	C	0.15%
KDP	D	0.14%
PSX	C	0.14%
VRSN	F	0.14%
BRO	B	0.14%
SHW	A	0.14%
MUFG	B	0.14%
WRB	A	0.14%
MCO	B	0.13%
CF	B	0.13%
CDNS	B	0.13%
ITW	B	0.13%
ERIE	D	0.12%
JNPR	F	0.12%
AFL	B	0.12%
SNPS	B	0.12%
TD	F	0.12%
E	F	0.12%
DGX	A	0.11%
AKAM	D	0.11%
KMB	D	0.11%
BCS	C	0.11%
FCNCA	A	0.11%
DEO	F	0.11%
GWW	B	0.11%
PNC	B	0.1%
ADSK	A	0.1%
COF	B	0.1%
CMI	A	0.1%
COP	C	0.1%
CNI	D	0.1%
PAYX	C	0.1%
INTC	D	0.1%
SMFG	B	0.1%
DHI	D	0.1%
FI	A	0.09%
CPB	D	0.09%
LEN	D	0.09%
FANG	D	0.09%
LYG	F	0.09%
TFC	A	0.09%
AEE	A	0.09%
HRL	D	0.09%
FAST	B	0.09%
USB	A	0.09%
AMP	A	0.09%
ABT	B	0.09%
VLO	C	0.08%
AMCR	D	0.08%
ODFL	B	0.08%
PTC	A	0.08%
CPRT	A	0.08%
ROL	B	0.08%
KVUE	A	0.08%
AIZ	A	0.08%
SONY	B	0.08%
STLA	F	0.08%
JKHY	D	0.07%
WBD	C	0.07%
MNST	C	0.07%
HMC	F	0.07%
AIG	B	0.07%
UPS	C	0.07%
AEP	D	0.07%
EW	C	0.07%
SJM	D	0.07%
BMRN	D	0.07%
CDW	F	0.07%
FDX	B	0.07%
LULU	C	0.07%
WTW	B	0.07%
LOW	D	0.07%
TSCO	D	0.06%
TPL	A	0.06%
MCHP	D	0.06%
LNG	B	0.06%
BBY	D	0.06%
TDY	B	0.06%
EG	C	0.06%
MDT	D	0.06%
D	C	0.06%
LIN	D	0.06%
MOH	F	0.06%
LOGI	D	0.06%
ROK	B	0.06%
DPZ	C	0.06%
A	D	0.06%
PHM	D	0.06%
ULTA	F	0.06%
DE	A	0.06%
NVR	D	0.06%
BLDR	D	0.05%
MTB	A	0.05%
BTI	B	0.05%
DOV	A	0.05%
VLTO	D	0.05%
ADM	D	0.05%
CNC	D	0.05%
PRU	A	0.05%
DINO	D	0.05%
FICO	B	0.05%
MT	B	0.05%
CMS	C	0.05%
MET	A	0.05%
DHR	F	0.05%
DECK	A	0.05%
GPC	D	0.05%
RMD	C	0.05%
CHTR	C	0.05%
NEM	D	0.04%
ADI	D	0.04%
HCA	F	0.04%
WST	C	0.04%
SNA	A	0.04%
SRE	A	0.04%
HPE	B	0.04%
SBUX	A	0.04%
WBA	F	0.04%
MANH	D	0.04%
SYF	B	0.04%
PKG	A	0.04%
EXPD	D	0.04%
KMI	A	0.04%
CFG	B	0.04%
HUBB	B	0.04%
WAT	B	0.04%
CAG	D	0.04%
MO	A	0.04%
MPWR	F	0.04%
OMC	C	0.04%
CTVA	C	0.04%
HPQ	B	0.04%
BR	A	0.04%
TRGP	B	0.04%
DFS	B	0.04%
NTAP	C	0.04%
PLD	D	0.04%
EME	C	0.04%
EIX	B	0.03%
AVY	D	0.03%
LYB	F	0.03%
SWKS	F	0.03%
IEX	B	0.03%
GGG	B	0.03%
BG	F	0.03%
SYY	B	0.03%
ETR	B	0.03%
BX	A	0.03%
FDS	B	0.03%
POOL	C	0.03%
JBHT	C	0.03%
SW	A	0.03%
CBRE	B	0.03%
APD	A	0.03%
LNT	A	0.03%
BKNG	A	0.03%
ICE	C	0.03%
HIG	B	0.03%
PNR	A	0.03%
VTRS	A	0.03%
JCI	C	0.03%
EMR	A	0.03%
SLB	C	0.03%
OKE	A	0.03%
CSL	C	0.03%
HBAN	A	0.03%
SYK	C	0.03%
WSO	A	0.03%
EXC	C	0.03%
OC	A	0.03%
PCG	A	0.03%
STT	A	0.03%
RF	A	0.03%
DRI	B	0.03%
OXY	D	0.03%
AMD	F	0.03%
DOW	F	0.03%
FITB	A	0.03%
WSM	B	0.03%
IT	C	0.03%
ALLY	C	0.02%
EQIX	A	0.02%
KMX	B	0.02%
HAL	C	0.02%
TTC	D	0.02%
NXPI	D	0.02%
MKTX	D	0.02%
NRG	B	0.02%
ACI	C	0.02%
EQT	B	0.02%
WY	D	0.02%
AOS	F	0.02%
APO	B	0.02%
RS	B	0.02%
JBL	B	0.02%
NMR	B	0.02%
CEG	D	0.02%
NTRS	A	0.02%
DTE	C	0.02%
OVV	B	0.02%
AER	B	0.02%
MOS	F	0.02%
FIS	C	0.02%
RJF	A	0.02%
LH	C	0.02%
AFG	A	0.02%
PFG	D	0.02%
CTRA	B	0.02%
DLR	B	0.02%
WELL	A	0.02%
PAYC	B	0.02%
VICI	C	0.02%
PH	A	0.02%
CARR	D	0.02%
GLW	B	0.02%
MRO	B	0.02%
NDSN	B	0.02%
IPG	D	0.02%
GPN	B	0.02%
URI	B	0.02%
PEG	A	0.02%
O	D	0.02%
IP	B	0.02%
DD	D	0.02%
DKS	C	0.02%
BSX	B	0.02%
BKR	B	0.02%
EPAM	C	0.02%
KKR	A	0.02%
GEV	B	0.02%
STLD	B	0.02%
FCX	D	0.02%
KEY	B	0.02%
APA	D	0.02%
TER	D	0.02%
CPT	B	0.01%
WTRG	B	0.01%
CTLT	B	0.01%
VRSK	A	0.01%
FSLR	F	0.01%
RPRX	D	0.01%
SBAC	D	0.01%
MBAVU	D	0.01%
RCL	A	0.01%
HST	C	0.01%
EL	F	0.01%
GLPI	C	0.01%
DVA	B	0.01%
RPM	A	0.01%
HII	D	0.01%
TRU	D	0.01%
TRMB	B	0.01%
FOX	A	0.01%
AVTR	F	0.01%
NWSA	B	0.01%
TTWO	A	0.01%
STE	F	0.01%
SUI	D	0.01%
REG	B	0.01%
BURL	A	0.01%
IRM	D	0.01%
CCL	B	0.01%
MAS	D	0.01%
WPC	D	0.01%
STX	D	0.01%
CE	F	0.01%
MKC	D	0.01%
INVH	D	0.01%
EFX	F	0.01%
HSIC	B	0.01%
RVTY	F	0.01%
ESS	B	0.01%
BEN	C	0.01%
CG	A	0.01%
COIN	C	0.01%
MRNA	F	0.01%
AES	F	0.01%
CCEP	C	0.01%
DAL	C	0.01%
ACM	A	0.01%
XYL	D	0.01%
BXP	D	0.01%
MAA	B	0.01%
CHRD	D	0.01%
CCK	C	0.01%
AGCO	D	0.01%
STZ	D	0.01%
ARE	D	0.01%
TDG	D	0.01%
BALL	D	0.01%
SSNC	B	0.01%
DLTR	F	0.01%
FTV	C	0.01%
AWK	D	0.01%
CPAY	A	0.01%
LKQ	D	0.01%
WFG	D	0.01%
ABNB	C	0.01%
IR	B	0.01%
SE	B	0.01%
WDC	D	0.01%
EMN	D	0.01%
KNX	B	0.01%
VTR	C	0.01%
HOLX	D	0.01%
NDAQ	A	0.01%
OTIS	C	0.01%
IFF	D	0.01%
VMC	B	0.01%
BSY	D	0.01%
NI	A	0.01%
KIM	A	0.01%
MLM	B	0.01%
ALB	C	0.01%
MRVL	B	0.01%
EXPE	B	0.01%
EQR	B	0.01%
EQH	B	0.01%
UHS	D	0.01%
IQV	D	0.01%
J	F	0.01%
APTV	D	0.01%
EBAY	D	0.01%
FNF	B	0.01%
PWR	A	0.01%
AVB	B	0.01%
MAR	B	0.01%
ZBH	C	0.01%
CNP	B	0.01%
CRBG	B	0.01%
DELL	C	0.01%
EVRG	A	0.01%
SWK	D	0.01%
CHRW	C	0.01%
ATO	A	0.01%
DG	F	0.01%
HES	B	0.01%
FOXA	B	0.01%
WAB	B	0.01%
BAX	D	0.01%
MELI	D	0.01%
ON	D	0.01%
TAP	C	0.01%
BA	F	0.01%
FE	C	0.01%
EXR	D	0.01%
CCI	D	0.01%
ES	D	0.01%
SMCI	F	0.01%
PPL	B	0.01%
CNH	C	0.01%
PARA	C	0.01%
ENPH	F	0.01%
GLBE	B	0.0%
IOT	A	0.0%
NET	B	0.0%
RBLX	C	0.0%
XRX	F	0.0%
DDOG	A	0.0%
DKNG	B	0.0%
TOST	B	0.0%
SNAP	C	0.0%
H	B	0.0%
PSTG	D	0.0%
FUTU	D	0.0%
HEI	B	0.0%
PINS	D	0.0%
DT	C	0.0%
DAY	B	0.0%
SNOW	C	0.0%
EXAS	D	0.0%
PODD	C	0.0%
GRAB	B	0.0%
TECH	D	0.0%
ROKU	D	0.0%
WYNN	D	0.0%
OKTA	C	0.0%
DXCM	D	0.0%
CRWD	B	0.0%
MSTR	C	0.0%
TYL	B	0.0%
LII	A	0.0%
TTD	B	0.0%
ELS	C	0.0%
HOOD	B	0.0%
ENTG	D	0.0%
TW	A	0.0%
HEI	B	0.0%
RIVN	F	0.0%
Z	A	0.0%
LUV	C	0.0%
WLK	D	0.0%
MTCH	D	0.0%
LYV	A	0.0%
LW	C	0.0%
VRT	B	0.0%
APP	B	0.0%
CSGP	D	0.0%
AXON	A	0.0%
LVS	C	0.0%
CRL	C	0.0%
BIO	D	0.0%
TFX	F	0.0%
UDR	B	0.0%
ILMN	D	0.0%
OTEX	D	0.0%
ANSS	B	0.0%
AMH	D	0.0%
ALGN	D	0.0%
PLTR	B	0.0%
UHAL	D	0.0%
ARES	A	0.0%
FBIN	D	0.0%

QWLD Underweight 27 Positions Relative to FHEQ

Symbol	Grade	Weight
CVNA	B	-0.52%
DBX	B	-0.51%
IGT	F	-0.45%
EXEL	B	-0.43%
ALRM	C	-0.4%
TDC	D	-0.35%
ANF	C	-0.33%
MEDP	D	-0.31%
CACI	D	-0.3%
SKYW	B	-0.29%
GL	B	-0.2%
GAP	C	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
PEGA	A	-0.16%
TPH	D	-0.15%
PLTK	B	-0.1%
BCC	B	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
SCCO	F	-0.04%
MHO	D	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%