QYLD vs. FHEQ ETF Comparison

Comparison of Recon Capital NASDAQ-100 Covered Call ETF (QYLD) to Fidelity Hedged Equity ETF (FHEQ)

QYLD

Recon Capital NASDAQ-100 Covered Call ETF

QYLD Description

The investment seeks to provide investment results that will closely correspond, before fees and expenses, generally to the price and yield performance of the CBOE NASDAQ-100Â® BuyWrite Index. The index measures the total return of a portfolio consisting of common stocks of the 100 companies included in the NASDAQ-100Â® Index and call options systematically written on those securities through a "buy-write" or covered call strategy. The fund will invest at least 80% of its total assets in common stocks of the companies included in NASDAQ-100Â® Index, ("80% Policy"). It is non-diversified.

Grade (RS Rating)

Last Trade

$18.10

Average Daily Volume

3,614,929

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	QYLD	FHEQ
30 Days	1.46%	2.51%
60 Days	2.94%	3.80%
90 Days	3.46%	4.54%
12 Months	16.33%

36 Overlapping Holdings

Symbol	Grade	Weight in QYLD	Weight in FHEQ	Overlap
AAPL	C	8.72%	7.31%	7.31%
ADBE	C	1.44%	0.93%	0.93%
ADP	B	0.79%	0.16%	0.16%
AMAT	F	0.92%	0.7%	0.7%
AMGN	D	0.98%	0.24%	0.24%
AMZN	C	5.33%	3.64%	3.64%
AVGO	D	4.99%	1.49%	1.49%
BIIB	F	0.15%	0.21%	0.15%
CMCSA	B	1.08%	0.83%	0.83%
COST	B	2.65%	0.45%	0.45%
CSCO	B	1.5%	0.79%	0.79%
CSX	B	0.44%	0.43%	0.43%
CTAS	B	0.57%	0.66%	0.57%
DASH	A	0.43%	0.12%	0.12%
FTNT	C	0.46%	0.24%	0.24%
GEHC	F	0.24%	0.17%	0.17%
GILD	C	0.72%	0.73%	0.72%
GOOG	C	2.49%	1.74%	1.74%
GOOGL	C	2.59%	2.02%	2.02%
IDXX	F	0.22%	0.26%	0.22%
KLAC	D	0.55%	0.54%	0.54%
LRCX	F	0.6%	0.23%	0.23%
MDLZ	F	0.56%	0.07%	0.07%
META	D	4.85%	2.87%	2.87%
MSFT	F	7.77%	5.64%	5.64%
MU	D	0.71%	0.47%	0.47%
NFLX	A	2.36%	1.26%	1.26%
NVDA	C	8.65%	7.27%	7.27%
PCAR	B	0.38%	0.42%	0.38%
PYPL	B	0.57%	0.54%	0.54%
QCOM	F	1.19%	0.84%	0.84%
ROST	C	0.3%	0.1%	0.1%
TMUS	B	1.8%	0.29%	0.29%
TSLA	B	4.12%	1.26%	1.26%
WDAY	B	0.35%	0.16%	0.16%
XEL	A	0.25%	0.21%	0.21%

QYLD Overweight 65 Positions Relative to FHEQ

Symbol	Grade	Weight
AMD	F	1.46%
PEP	F	1.42%
LIN	D	1.4%
INTU	C	1.24%
ISRG	A	1.23%
TXN	C	1.23%
BKNG	A	1.1%
HON	B	0.97%
PANW	C	0.82%
VRTX	F	0.79%
SBUX	A	0.74%
INTC	D	0.69%
ADI	D	0.68%
MELI	D	0.63%
APP	B	0.58%
REGN	F	0.54%
SNPS	B	0.53%
CDNS	B	0.53%
MAR	B	0.52%
CRWD	B	0.52%
PDD	F	0.51%
MRVL	B	0.5%
ORLY	B	0.46%
CEG	D	0.46%
ADSK	A	0.42%
ASML	F	0.4%
ROP	B	0.38%
ABNB	C	0.37%
NXPI	D	0.36%
CPRT	A	0.35%
CHTR	C	0.35%
TTD	B	0.34%
FANG	D	0.34%
PAYX	C	0.33%
AEP	D	0.33%
MNST	C	0.33%
FAST	B	0.3%
ODFL	B	0.29%
EA	A	0.28%
KDP	D	0.27%
BKR	B	0.27%
VRSK	A	0.26%
DDOG	A	0.25%
EXC	C	0.25%
AZN	D	0.24%
KHC	F	0.24%
CTSH	B	0.24%
TEAM	A	0.24%
LULU	C	0.23%
CCEP	C	0.22%
MCHP	D	0.22%
ZS	C	0.2%
TTWO	A	0.2%
ANSS	B	0.19%
CSGP	D	0.19%
DXCM	D	0.19%
ON	D	0.18%
WBD	C	0.15%
GFS	C	0.15%
CDW	F	0.15%
ILMN	D	0.13%
MDB	C	0.13%
MRNA	F	0.1%
ARM	D	0.1%
SMCI	F	0.08%

QYLD 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%