RECS vs. FQAL ETF Comparison

Comparison of Columbia Research Enhanced Core ETF (RECS) to Fidelity Quality Factor ETF (FQAL)

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.65

Average Daily Volume

393,572

Number of Holdings ^*

361

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	RECS	FQAL
30 Days	3.51%	2.60%
60 Days	5.75%	4.35%
90 Days	7.12%	5.86%
12 Months	35.12%	30.56%

49 Overlapping Holdings

Symbol	Grade	Weight in RECS	Weight in FQAL	Overlap
AAPL	C	8.2%	6.62%	6.62%
ABBV	D	0.55%	1.14%	0.55%
ADBE	C	0.52%	0.97%	0.52%
ADP	B	0.52%	0.64%	0.52%
AMT	D	0.48%	0.27%	0.27%
BKNG	A	0.6%	1.21%	0.6%
BMY	B	0.73%	1.02%	0.73%
CAT	B	0.81%	0.77%	0.77%
CF	B	0.13%	0.17%	0.13%
CL	D	0.37%	0.36%	0.36%
CME	A	0.44%	0.85%	0.44%
CSX	B	0.29%	0.49%	0.29%
CTAS	B	0.32%	0.55%	0.32%
CVX	A	0.8%	0.68%	0.68%
EOG	A	0.23%	0.32%	0.23%
EWBC	A	0.08%	0.78%	0.08%
EXP	A	0.07%	0.16%	0.07%
GILD	C	0.19%	1.0%	0.19%
GLPI	C	0.07%	0.14%	0.07%
GOOGL	C	2.33%	3.69%	2.33%
JNJ	D	2.34%	1.35%	1.35%
KMB	D	0.23%	0.31%	0.23%
LMT	D	0.49%	0.56%	0.49%
LRCX	F	0.23%	0.67%	0.23%
MEDP	D	0.05%	0.57%	0.05%
META	D	2.88%	2.51%	2.51%
MMM	D	0.3%	0.5%	0.3%
MO	A	0.47%	0.44%	0.44%
MSFT	F	7.47%	6.3%	6.3%
MTD	D	0.15%	0.58%	0.15%
NUE	C	0.27%	0.18%	0.18%
NVDA	C	8.6%	7.24%	7.24%
OTIS	C	0.17%	0.45%	0.17%
PANW	C	0.28%	0.96%	0.28%
PAYX	C	0.19%	0.49%	0.19%
PG	A	1.98%	0.98%	0.98%
PM	B	1.01%	0.63%	0.63%
QCOM	F	0.42%	0.91%	0.42%
RS	B	0.14%	0.17%	0.14%
SBAC	D	0.12%	0.16%	0.12%
SPG	B	0.31%	0.25%	0.25%
T	A	0.37%	0.57%	0.37%
TTD	B	0.13%	0.41%	0.13%
UGI	A	0.04%	0.19%	0.04%
UNP	C	0.61%	0.61%	0.61%
VRTX	F	0.21%	0.86%	0.21%
VST	B	0.4%	0.43%	0.4%
WSM	B	0.08%	0.63%	0.08%
XOM	B	1.56%	1.16%	1.16%

RECS Overweight 312 Positions Relative to FQAL

Symbol	Grade	Weight
AMZN	C	4.7%
JPM	A	3.69%
GOOG	C	1.97%
BAC	A	1.67%
WFC	A	1.38%
TMO	F	1.23%
BLK	C	0.79%
CRM	B	0.74%
C	A	0.7%
MDT	D	0.68%
FI	A	0.66%
UBER	D	0.6%
MMC	B	0.58%
CI	F	0.57%
CSCO	B	0.56%
MCK	B	0.51%
NOW	A	0.5%
TJX	A	0.48%
DIS	B	0.48%
EQIX	A	0.45%
PYPL	B	0.45%
INTU	C	0.43%
TT	A	0.41%
BDX	F	0.41%
UPS	C	0.41%
HCA	F	0.4%
PH	A	0.38%
WM	A	0.37%
PCG	A	0.34%
PLTR	B	0.33%
BK	A	0.3%
AMGN	D	0.29%
XEL	A	0.29%
EXC	C	0.29%
FDX	B	0.28%
TGT	F	0.27%
ALL	A	0.27%
PCAR	B	0.25%
ANET	C	0.25%
COR	B	0.25%
MET	A	0.25%
PRU	A	0.24%
ETR	B	0.24%
EIX	B	0.24%
PPG	F	0.22%
HLT	A	0.22%
APP	B	0.21%
CMI	A	0.21%
VRT	B	0.21%
CRWD	B	0.2%
CNC	D	0.2%
MSI	B	0.2%
CAH	B	0.19%
KR	B	0.19%
DTE	C	0.19%
RCL	A	0.19%
DAL	C	0.18%
AEE	A	0.18%
PKG	A	0.17%
FITB	A	0.17%
WTW	B	0.17%
DHI	D	0.17%
GIS	D	0.17%
SPOT	B	0.16%
CSGP	D	0.16%
PSX	C	0.16%
ROST	C	0.16%
STLD	B	0.16%
RJF	A	0.16%
MPC	D	0.16%
LYB	F	0.16%
REGN	F	0.15%
WAB	B	0.15%
STT	A	0.15%
FCNCA	A	0.15%
GPN	B	0.15%
TROW	B	0.14%
UAL	A	0.14%
SYF	B	0.14%
LEN	D	0.14%
ZBH	C	0.14%
FTNT	C	0.14%
ADM	D	0.13%
VLO	C	0.13%
RPM	A	0.13%
LULU	C	0.13%
KHC	F	0.13%
NI	A	0.12%
EVRG	A	0.11%
EME	C	0.11%
INVH	D	0.11%
BR	A	0.11%
FTV	C	0.11%
HOLX	D	0.11%
WY	D	0.11%
CBOE	B	0.11%
DDOG	A	0.1%
DECK	A	0.1%
VTRS	A	0.1%
OXY	D	0.1%
EA	A	0.1%
FANG	D	0.1%
K	A	0.1%
BAX	D	0.1%
EG	C	0.09%
HPQ	B	0.09%
CCL	B	0.09%
CSL	C	0.09%
CVNA	B	0.09%
TEAM	A	0.09%
DELL	C	0.09%
THC	D	0.09%
PHM	D	0.09%
LDOS	C	0.09%
BLDR	D	0.09%
ARE	D	0.09%
RGA	A	0.08%
L	A	0.08%
EXPE	B	0.08%
SNA	A	0.08%
EQH	B	0.08%
NVR	D	0.08%
AVTR	F	0.08%
SSNC	B	0.07%
FIX	A	0.07%
JEF	A	0.07%
HPE	B	0.07%
OC	A	0.07%
EXPD	D	0.07%
AES	F	0.07%
UNM	A	0.07%
MAS	D	0.07%
SWK	D	0.06%
FHN	A	0.06%
CTRA	B	0.06%
AIZ	A	0.06%
BG	F	0.06%
BURL	A	0.06%
CE	F	0.06%
NTAP	C	0.06%
QGEN	D	0.06%
LVS	C	0.06%
SF	B	0.06%
MOS	F	0.06%
JLL	D	0.06%
SOLV	C	0.06%
HST	C	0.06%
CAG	D	0.06%
ACM	A	0.06%
MPWR	F	0.06%
WPC	D	0.06%
RPRX	D	0.06%
AMH	D	0.06%
ZION	B	0.05%
MRO	B	0.05%
INGR	B	0.05%
BRX	A	0.05%
LECO	B	0.05%
BRBR	A	0.05%
GL	B	0.05%
ZM	B	0.05%
TAP	C	0.05%
ITT	A	0.05%
TOL	B	0.05%
LPX	B	0.05%
CW	B	0.05%
ALNY	D	0.05%
FTI	A	0.04%
APG	B	0.04%
NTRA	B	0.04%
ARMK	B	0.04%
CNM	D	0.04%
AXS	A	0.04%
OLN	D	0.04%
MANH	D	0.04%
AOS	F	0.04%
GEN	B	0.04%
DOCU	A	0.04%
VRSN	F	0.04%
SON	D	0.04%
PSTG	D	0.04%
ACI	C	0.04%
BLD	D	0.04%
DCI	B	0.04%
WCC	B	0.04%
DKS	C	0.04%
BIIB	F	0.04%
NTNX	A	0.04%
PINS	D	0.04%
CLF	F	0.04%
NNN	D	0.04%
AYI	B	0.04%
CRBG	B	0.04%
ALSN	B	0.04%
ELAN	D	0.04%
SEIC	B	0.04%
TPR	B	0.04%
GNRC	B	0.04%
WTFC	A	0.04%
ZS	C	0.04%
TXRH	C	0.04%
JAZZ	B	0.04%
CACI	D	0.04%
NWSA	B	0.03%
MHK	D	0.03%
SAIC	F	0.03%
OZK	B	0.03%
HRB	D	0.03%
SLM	A	0.03%
DTM	B	0.03%
RL	B	0.03%
SKX	D	0.03%
AMG	B	0.03%
ASH	D	0.03%
JNPR	F	0.03%
ESAB	B	0.03%
LNW	D	0.03%
JHG	A	0.03%
MGM	D	0.03%
LNC	B	0.03%
MIDD	C	0.03%
R	B	0.03%
RHI	B	0.03%
SWKS	F	0.03%
KEX	C	0.03%
UTHR	C	0.03%
WLK	D	0.03%
BEN	C	0.03%
WYNN	D	0.03%
FFIV	B	0.03%
COKE	C	0.03%
COLB	A	0.03%
STAG	F	0.03%
MTG	C	0.03%
G	B	0.03%
FLS	B	0.03%
XP	F	0.03%
QRVO	F	0.02%
DBX	B	0.02%
AZTA	D	0.02%
PK	B	0.02%
CIVI	D	0.02%
VIRT	B	0.02%
MSM	C	0.02%
GTLB	B	0.02%
CWEN	C	0.02%
EPR	D	0.02%
LSCC	D	0.02%
HIW	D	0.02%
EXAS	D	0.02%
MTCH	D	0.02%
WFRD	D	0.02%
SMAR	A	0.02%
EXEL	B	0.02%
NYT	C	0.02%
GTES	A	0.02%
WU	D	0.02%
DINO	D	0.02%
LEA	D	0.02%
PVH	C	0.02%
ROKU	D	0.02%
THO	B	0.02%
BILL	A	0.02%
INCY	C	0.02%
CROX	D	0.02%
BMRN	D	0.02%
MRNA	F	0.02%
H	B	0.02%
CIEN	B	0.02%
SNX	C	0.02%
KRC	C	0.02%
EEFT	B	0.02%
RYN	D	0.02%
OGN	D	0.02%
PRGO	B	0.02%
XRAY	F	0.02%
NBIX	C	0.02%
SMG	D	0.02%
WH	B	0.02%
FOXA	B	0.02%
NEU	C	0.02%
MSA	D	0.02%
CNA	B	0.01%
APLS	D	0.01%
CRI	D	0.01%
ALGM	D	0.01%
CWEN	C	0.01%
RARE	D	0.01%
AMKR	D	0.01%
REYN	D	0.01%
ADTN	A	0.01%
NWS	B	0.01%
ROIV	C	0.01%
COLM	B	0.01%
IONS	F	0.01%
PEGA	A	0.01%
SAM	C	0.01%
VKTX	F	0.01%
PPC	C	0.01%
TNL	A	0.01%
MAN	D	0.01%
CRUS	D	0.01%
PATH	C	0.01%
FOX	A	0.01%
SRPT	D	0.01%
M	D	0.01%
PINC	B	0.01%
GAP	C	0.01%
PLTK	B	0.0%
SEB	F	0.0%
DDS	B	0.0%
LEN	D	0.0%

RECS Underweight 75 Positions Relative to FQAL

Symbol	Grade	Weight
AVGO	D	-2.0%
LLY	F	-1.72%
V	A	-1.61%
HD	A	-1.5%
MA	C	-1.48%
MCD	D	-1.11%
BX	A	-1.05%
ACN	C	-1.05%
LOW	D	-1.02%
COST	B	-1.01%
PGR	A	-1.0%
NFLX	A	-0.97%
FICO	B	-0.96%
AMP	A	-0.92%
SPGI	C	-0.92%
GRMN	B	-0.86%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
CFR	B	-0.77%
AMAT	F	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
IDXX	F	-0.67%
KO	D	-0.66%
KNSL	B	-0.65%
QLYS	C	-0.64%
KLAC	D	-0.64%
VZ	C	-0.56%
GWW	B	-0.55%
ITW	B	-0.54%
FAST	B	-0.53%
AME	A	-0.52%
LIN	D	-0.52%
TDG	D	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
VRSK	A	-0.46%
ODFL	B	-0.45%
COP	C	-0.41%
MDLZ	F	-0.38%
SO	D	-0.36%
CEG	D	-0.36%
WMB	A	-0.34%
MNST	C	-0.31%
TPL	A	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
WEC	A	-0.26%
HSY	F	-0.25%
FCX	D	-0.24%
ECL	D	-0.24%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
AVB	B	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
EQR	B	-0.17%
ESS	B	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%