SPMV vs. FFLC ETF Comparison

Comparison of Invesco S&P 500 Minimum Variance ETF (SPMV) to Fidelity Fundamental Large Cap Core ETF (FFLC)

SPMV

Invesco S&P 500 Minimum Variance ETF

SPMV Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Minimum Volatility Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.

Grade (RS Rating)

Last Trade

$47.41

Average Daily Volume

650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.16

Average Daily Volume

101,737

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPMV	FFLC
30 Days	0.25%	1.03%
60 Days	1.56%	3.95%
90 Days	4.00%	6.08%
12 Months	25.48%	37.00%

24 Overlapping Holdings

Symbol	Grade	Weight in SPMV	Weight in FFLC	Overlap
AAPL	C	2.9%	4.26%	2.9%
AJG	A	2.63%	0.41%	0.41%
AMT	C	1.76%	0.43%	0.43%
AMZN	C	3.25%	2.89%	2.89%
AVGO	D	2.12%	1.98%	1.98%
BA	F	0.04%	0.72%	0.04%
CB	C	2.58%	0.73%	0.73%
CCI	C	0.7%	0.61%	0.61%
CSCO	B	3.34%	1.1%	1.1%
ELV	F	0.46%	0.63%	0.46%
GD	D	0.06%	0.38%	0.06%
GEV	B	3.53%	0.87%	0.87%
GILD	C	0.09%	0.27%	0.09%
INTU	B	0.75%	1.0%	0.75%
LLY	F	0.67%	1.85%	0.67%
META	D	0.33%	4.7%	0.33%
MSFT	D	2.85%	6.98%	2.85%
NVDA	B	3.54%	5.71%	3.54%
ORCL	A	2.17%	0.97%	0.97%
REGN	F	1.13%	0.75%	0.75%
SO	C	0.47%	1.72%	0.47%
TMUS	B	3.38%	0.2%	0.2%
TRV	B	0.98%	0.87%	0.87%
XOM	B	0.68%	2.88%	0.68%

SPMV Overweight 51 Positions Relative to FFLC

Symbol	Grade	Weight
AON	A	3.09%
BRK.A	B	2.92%
QCOM	F	2.79%
ABT	B	2.79%
MMC	B	2.74%
PG	C	2.72%
MDLZ	F	2.5%
MRK	D	2.43%
VRTX	D	2.42%
HD	B	2.22%
ADBE	C	2.1%
NOW	A	1.76%
VRSK	A	1.69%
ZTS	D	1.64%
CRM	B	1.63%
PGR	A	1.61%
NEE	C	1.59%
GIS	D	1.49%
SRE	A	1.49%
DUK	C	1.3%
JNJ	C	1.18%
HSY	F	1.05%
PFE	F	1.02%
AEE	A	0.97%
TDY	B	0.94%
VZ	C	0.93%
AEP	C	0.91%
BRO	B	0.81%
MKC	C	0.75%
RTX	D	0.65%
JPM	A	0.61%
GOOG	C	0.58%
RSG	A	0.54%
IBM	C	0.53%
TJX	A	0.5%
NEM	D	0.44%
TSN	B	0.42%
HRL	D	0.38%
IDXX	F	0.37%
AMGN	F	0.32%
BIIB	F	0.31%
ACN	B	0.31%
KHC	F	0.29%
T	A	0.28%
ADM	D	0.25%
AIG	B	0.25%
PCG	A	0.24%
ACGL	C	0.23%
CVS	D	0.22%
XEL	A	0.19%
TRMB	B	0.1%

SPMV Underweight 63 Positions Relative to FFLC

Symbol	Grade	Weight
GOOGL	C	-3.2%
BAC	A	-2.18%
WFC	A	-1.82%
UNH	B	-1.72%
CMCSA	B	-1.69%
GE	D	-1.61%
BSX	A	-1.35%
FI	A	-1.34%
V	A	-1.31%
EIX	B	-1.31%
CI	D	-1.23%
TMO	F	-1.18%
SAP	B	-1.15%
LOW	C	-1.06%
CEG	C	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	F	-1.0%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
URI	C	-0.92%
BMY	B	-0.92%
MA	B	-0.85%
APH	A	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
RPRX	D	-0.76%
VRT	B	-0.66%
HRB	D	-0.64%
COST	A	-0.63%
ABBV	F	-0.61%
UBER	F	-0.61%
APO	B	-0.61%
KNX	C	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	F	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	C	-0.49%
DEO	F	-0.43%
MAR	A	-0.42%
WSM	C	-0.4%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	F	-0.29%
NOC	D	-0.25%
LIN	C	-0.2%
MELI	C	-0.2%
DKS	D	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
SPG	A	-0.18%
IP	A	-0.18%
KBR	F	-0.17%
LNG	A	-0.03%
MRVL	B	-0.02%