UPRO vs. FHEQ ETF Comparison

Comparison of ProShares UltraPro S&P 500 (UPRO) to Fidelity Hedged Equity ETF (FHEQ)

UPRO

ProShares UltraPro S&P 500

UPRO Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.94

Average Daily Volume

3,719,101

Number of Holdings ^*

499

* 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	UPRO	FHEQ
30 Days	7.77%	2.51%
60 Days	11.23%	3.80%
90 Days	15.12%	4.54%
12 Months	96.42%

127 Overlapping Holdings

Symbol	Grade	Weight in UPRO	Weight in FHEQ	Overlap
AAPL	C	3.57%	7.31%	3.57%
ABBV	D	0.3%	1.0%	0.3%
ADBE	C	0.23%	0.93%	0.23%
ADP	B	0.13%	0.16%	0.13%
ALL	A	0.05%	0.07%	0.05%
ALLE	D	0.01%	0.44%	0.01%
AMAT	F	0.15%	0.7%	0.15%
AME	A	0.05%	0.22%	0.05%
AMGN	D	0.16%	0.24%	0.16%
AMT	D	0.1%	0.24%	0.1%
AMZN	C	1.97%	3.64%	1.97%
ANET	C	0.1%	0.08%	0.08%
AVGO	D	0.8%	1.49%	0.8%
AXP	A	0.17%	0.43%	0.17%
BAC	A	0.33%	1.17%	0.33%
BDX	F	0.07%	0.59%	0.07%
BIIB	F	0.02%	0.21%	0.02%
BK	A	0.06%	0.36%	0.06%
BLK	C	0.15%	0.23%	0.15%
BMY	B	0.12%	0.68%	0.12%
BRK.A	B	0.9%	2.19%	0.9%
C	A	0.14%	0.54%	0.14%
CAH	B	0.03%	0.4%	0.03%
CAT	B	0.19%	0.48%	0.19%
CI	F	0.09%	0.63%	0.09%
CINF	A	0.02%	0.12%	0.02%
CL	D	0.08%	0.58%	0.08%
CLX	B	0.02%	0.2%	0.02%
CMCSA	B	0.17%	0.83%	0.17%
CME	A	0.08%	0.37%	0.08%
CMG	B	0.08%	0.49%	0.08%
COST	B	0.42%	0.45%	0.42%
CRM	B	0.33%	1.09%	0.33%
CSCO	B	0.24%	0.79%	0.24%
CSX	B	0.07%	0.43%	0.07%
CTAS	B	0.08%	0.66%	0.08%
CVS	D	0.07%	0.22%	0.07%
CVX	A	0.29%	0.02%	0.02%
DIS	B	0.22%	0.57%	0.22%
DOC	D	0.02%	0.08%	0.02%
DVN	F	0.03%	0.53%	0.03%
ECL	D	0.06%	0.62%	0.06%
EOG	A	0.08%	0.43%	0.08%
ETN	A	0.15%	0.15%	0.15%
F	C	0.04%	0.15%	0.04%
FTNT	C	0.06%	0.24%	0.06%
GE	D	0.2%	0.45%	0.2%
GEHC	F	0.04%	0.17%	0.04%
GEN	B	0.02%	0.13%	0.02%
GILD	C	0.11%	0.73%	0.11%
GL	B	0.01%	0.2%	0.01%
GOOG	C	0.87%	1.74%	0.87%
GOOGL	C	1.05%	2.02%	1.05%
GRMN	B	0.03%	0.31%	0.03%
HD	A	0.42%	1.32%	0.42%
HLT	A	0.06%	0.18%	0.06%
HWM	A	0.05%	0.27%	0.05%
IDXX	F	0.04%	0.26%	0.04%
INCY	C	0.01%	0.27%	0.01%
JNJ	D	0.39%	0.61%	0.39%
JPM	A	0.73%	1.82%	0.73%
KLAC	D	0.09%	0.54%	0.09%
KR	B	0.04%	0.11%	0.04%
L	A	0.02%	0.07%	0.02%
LDOS	C	0.02%	0.32%	0.02%
LHX	C	0.05%	0.23%	0.05%
LLY	F	0.61%	0.76%	0.61%
LMT	D	0.12%	0.69%	0.12%
LRCX	F	0.1%	0.23%	0.1%
MA	C	0.45%	1.34%	0.45%
MDLZ	F	0.09%	0.07%	0.07%
META	D	1.26%	2.87%	1.26%
MGM	D	0.01%	0.22%	0.01%
MMC	B	0.11%	0.52%	0.11%
MMM	D	0.07%	0.22%	0.07%
MRK	F	0.25%	0.69%	0.25%
MS	A	0.17%	0.16%	0.16%
MSCI	C	0.05%	0.49%	0.05%
MSFT	F	3.22%	5.64%	3.22%
MSI	B	0.09%	0.26%	0.09%
MU	D	0.11%	0.47%	0.11%
NEE	D	0.16%	0.73%	0.16%
NFLX	A	0.37%	1.26%	0.37%
NOC	D	0.07%	0.56%	0.07%
NOW	A	0.22%	0.34%	0.22%
NSC	B	0.06%	0.26%	0.06%
NUE	C	0.04%	0.32%	0.04%
NVDA	C	3.64%	7.27%	3.64%
ORCL	B	0.31%	0.04%	0.04%
PCAR	B	0.06%	0.42%	0.06%
PFE	D	0.15%	0.56%	0.15%
PG	A	0.42%	0.87%	0.42%
PGR	A	0.16%	0.63%	0.16%
PM	B	0.21%	0.92%	0.21%
PPG	F	0.03%	0.34%	0.03%
PSA	D	0.05%	0.19%	0.05%
PYPL	B	0.09%	0.54%	0.09%
QCOM	F	0.19%	0.84%	0.19%
QRVO	F	0.01%	0.11%	0.01%
ROST	C	0.05%	0.1%	0.05%
RSG	A	0.04%	0.2%	0.04%
RTX	C	0.16%	0.44%	0.16%
SCHW	B	0.13%	0.56%	0.13%
SOLV	C	0.01%	0.12%	0.01%
SPG	B	0.06%	0.16%	0.06%
SPGI	C	0.17%	0.28%	0.17%
T	A	0.17%	0.67%	0.17%
TJX	A	0.14%	0.73%	0.14%
TMO	F	0.2%	0.26%	0.2%
TMUS	B	0.12%	0.29%	0.12%
TROW	B	0.03%	0.23%	0.03%
TRV	B	0.06%	0.49%	0.06%
TSLA	B	0.93%	1.26%	0.93%
TT	A	0.1%	0.69%	0.1%
TXT	D	0.02%	0.51%	0.02%
UBER	D	0.16%	0.14%	0.14%
UNH	C	0.57%	0.57%	0.57%
UNP	C	0.15%	0.73%	0.15%
V	A	0.54%	0.47%	0.47%
VST	B	0.05%	0.11%	0.05%
VZ	C	0.18%	0.18%	0.18%
WFC	A	0.26%	0.15%	0.15%
WM	A	0.08%	0.38%	0.08%
WMT	A	0.38%	0.8%	0.38%
XEL	A	0.04%	0.21%	0.04%
XOM	B	0.55%	1.54%	0.55%
ZBRA	B	0.02%	0.47%	0.02%

UPRO Overweight 372 Positions Relative to FHEQ

Symbol	Grade	Weight
KO	D	0.25%
LIN	D	0.23%
PEP	F	0.23%
AMD	F	0.23%
ACN	C	0.23%
MCD	D	0.22%
ABT	B	0.21%
GS	A	0.2%
IBM	C	0.2%
INTU	C	0.2%
TXN	C	0.19%
ISRG	A	0.19%
BKNG	A	0.17%
HON	B	0.16%
LOW	D	0.16%
DHR	F	0.15%
COP	C	0.14%
BX	A	0.14%
PLTR	B	0.14%
SYK	C	0.14%
VRTX	F	0.13%
FI	A	0.13%
PANW	C	0.13%
BSX	B	0.13%
SBUX	A	0.12%
MDT	D	0.12%
KKR	A	0.11%
DE	A	0.11%
ADI	D	0.11%
BA	F	0.11%
INTC	D	0.11%
PLD	D	0.11%
CB	C	0.11%
NKE	D	0.1%
ELV	F	0.1%
MO	A	0.1%
SO	D	0.1%
UPS	C	0.1%
PNC	B	0.09%
AON	A	0.09%
APH	A	0.09%
EQIX	A	0.09%
DUK	C	0.09%
SHW	A	0.09%
ICE	C	0.09%
PH	A	0.09%
GEV	B	0.09%
EMR	A	0.08%
ITW	B	0.08%
MCO	B	0.08%
GD	F	0.08%
CRWD	B	0.08%
USB	A	0.08%
MCK	B	0.08%
WELL	A	0.08%
ZTS	D	0.08%
CDNS	B	0.08%
SNPS	B	0.08%
REGN	F	0.08%
TFC	A	0.07%
CARR	D	0.07%
HCA	F	0.07%
GM	B	0.07%
OKE	A	0.07%
ADSK	A	0.07%
AJG	B	0.07%
MAR	B	0.07%
FDX	B	0.07%
WMB	A	0.07%
CEG	D	0.07%
APD	A	0.07%
TGT	F	0.07%
TDG	D	0.07%
COF	B	0.07%
ORLY	B	0.07%
RCL	A	0.06%
PSX	C	0.06%
AMP	A	0.06%
NXPI	D	0.06%
DLR	B	0.06%
URI	B	0.06%
AFL	B	0.06%
JCI	C	0.06%
FICO	B	0.06%
ABNB	C	0.06%
SRE	A	0.06%
ROP	B	0.06%
SLB	C	0.06%
FCX	D	0.06%
DFS	B	0.05%
PEG	A	0.05%
VLO	C	0.05%
PCG	A	0.05%
CCI	D	0.05%
KMB	D	0.05%
PRU	A	0.05%
KVUE	A	0.05%
PAYX	C	0.05%
FAST	B	0.05%
NEM	D	0.05%
PWR	A	0.05%
DHI	D	0.05%
FIS	C	0.05%
D	C	0.05%
AIG	B	0.05%
MET	A	0.05%
O	D	0.05%
CMI	A	0.05%
CPRT	A	0.05%
AZO	C	0.05%
AEP	D	0.05%
GWW	B	0.05%
MPC	D	0.05%
KMI	A	0.05%
OXY	D	0.04%
MCHP	D	0.04%
IRM	D	0.04%
WAB	B	0.04%
DD	D	0.04%
RMD	C	0.04%
HIG	B	0.04%
EXR	D	0.04%
NVR	D	0.04%
GIS	D	0.04%
MLM	B	0.04%
GLW	B	0.04%
MTB	A	0.04%
HPQ	B	0.04%
MNST	C	0.04%
LULU	C	0.04%
SYY	B	0.04%
VMC	B	0.04%
A	D	0.04%
STZ	D	0.04%
YUM	B	0.04%
CHTR	C	0.04%
DELL	C	0.04%
ACGL	D	0.04%
CTVA	C	0.04%
CTSH	B	0.04%
EA	A	0.04%
EXC	C	0.04%
CBRE	B	0.04%
OTIS	C	0.04%
VRSK	A	0.04%
HES	B	0.04%
IT	C	0.04%
ODFL	B	0.04%
EW	C	0.04%
LEN	D	0.04%
DAL	C	0.04%
IR	B	0.04%
COR	B	0.04%
BKR	B	0.04%
TRGP	B	0.04%
AXON	A	0.04%
NTAP	C	0.03%
RF	A	0.03%
AEE	A	0.03%
CCL	B	0.03%
MTD	D	0.03%
PPL	B	0.03%
DTE	C	0.03%
EQR	B	0.03%
HSY	F	0.03%
TYL	B	0.03%
EQT	B	0.03%
VLTO	D	0.03%
CPAY	A	0.03%
SW	A	0.03%
ADM	D	0.03%
HBAN	A	0.03%
SYF	B	0.03%
GDDY	A	0.03%
BRO	B	0.03%
KEYS	A	0.03%
HAL	C	0.03%
AWK	D	0.03%
VTR	C	0.03%
FTV	C	0.03%
CHD	B	0.03%
BR	A	0.03%
PHM	D	0.03%
DECK	A	0.03%
HPE	B	0.03%
KHC	F	0.03%
DOV	A	0.03%
ON	D	0.03%
MPWR	F	0.03%
STT	A	0.03%
ANSS	B	0.03%
TTWO	A	0.03%
CSGP	D	0.03%
GPN	B	0.03%
XYL	D	0.03%
TSCO	D	0.03%
RJF	A	0.03%
UAL	A	0.03%
EBAY	D	0.03%
CNC	D	0.03%
DXCM	D	0.03%
EFX	F	0.03%
DOW	F	0.03%
WEC	A	0.03%
WTW	B	0.03%
ETR	B	0.03%
FITB	A	0.03%
EIX	B	0.03%
AVB	B	0.03%
NDAQ	A	0.03%
ROK	B	0.03%
FANG	D	0.03%
VICI	C	0.03%
HUM	C	0.03%
ED	D	0.03%
KDP	D	0.03%
IQV	D	0.03%
JBL	B	0.02%
EVRG	A	0.02%
AMCR	D	0.02%
JBHT	C	0.02%
EL	F	0.02%
DPZ	C	0.02%
VRSN	F	0.02%
VTRS	A	0.02%
LNT	A	0.02%
CF	B	0.02%
ALGN	D	0.02%
MRO	B	0.02%
EG	C	0.02%
AVY	D	0.02%
BAX	D	0.02%
NI	A	0.02%
ARE	D	0.02%
DG	F	0.02%
TER	D	0.02%
KIM	A	0.02%
LVS	C	0.02%
EXPD	D	0.02%
GPC	D	0.02%
IEX	B	0.02%
MAS	D	0.02%
TRMB	B	0.02%
MOH	F	0.02%
J	F	0.02%
PNR	A	0.02%
ULTA	F	0.02%
KEY	B	0.02%
DGX	A	0.02%
BBY	D	0.02%
WRB	A	0.02%
HOLX	D	0.02%
PFG	D	0.02%
PODD	C	0.02%
FDS	B	0.02%
TSN	B	0.02%
BALL	D	0.02%
MAA	B	0.02%
SNA	A	0.02%
MKC	D	0.02%
CTRA	B	0.02%
OMC	C	0.02%
NRG	B	0.02%
ESS	B	0.02%
INVH	D	0.02%
LUV	C	0.02%
DRI	B	0.02%
LH	C	0.02%
IP	B	0.02%
STLD	B	0.02%
CNP	B	0.02%
LYV	A	0.02%
STX	D	0.02%
CMS	C	0.02%
FSLR	F	0.02%
WDC	D	0.02%
WBD	C	0.02%
BLDR	D	0.02%
CFG	B	0.02%
CBOE	B	0.02%
PKG	A	0.02%
FE	C	0.02%
LYB	F	0.02%
K	A	0.02%
NTRS	A	0.02%
WAT	B	0.02%
STE	F	0.02%
IFF	D	0.02%
ES	D	0.02%
TDY	B	0.02%
WY	D	0.02%
EXPE	B	0.02%
ATO	A	0.02%
PTC	A	0.02%
ZBH	C	0.02%
WST	C	0.02%
HUBB	B	0.02%
SBAC	D	0.02%
CDW	F	0.02%
FOX	A	0.01%
WBA	F	0.01%
PARA	C	0.01%
BEN	C	0.01%
FMC	D	0.01%
MHK	D	0.01%
DVA	B	0.01%
HII	D	0.01%
BWA	D	0.01%
MTCH	D	0.01%
IVZ	B	0.01%
CZR	F	0.01%
ENPH	F	0.01%
CE	F	0.01%
HAS	D	0.01%
RL	B	0.01%
APA	D	0.01%
MOS	F	0.01%
FRT	B	0.01%
HRL	D	0.01%
WYNN	D	0.01%
CPB	D	0.01%
AOS	F	0.01%
HSIC	B	0.01%
TFX	F	0.01%
SMCI	F	0.01%
CRL	C	0.01%
AES	F	0.01%
LKQ	D	0.01%
MKTX	D	0.01%
IPG	D	0.01%
FOXA	B	0.01%
ERIE	D	0.01%
PNW	B	0.01%
TECH	D	0.01%
CTLT	B	0.01%
NWSA	B	0.01%
LW	C	0.01%
PAYC	B	0.01%
TAP	C	0.01%
GNRC	B	0.01%
AIZ	A	0.01%
BXP	D	0.01%
SJM	D	0.01%
NCLH	B	0.01%
DAY	B	0.01%
EMN	D	0.01%
JNPR	F	0.01%
REG	B	0.01%
HST	C	0.01%
UHS	D	0.01%
KMX	B	0.01%
ALB	C	0.01%
MRNA	F	0.01%
JKHY	D	0.01%
CPT	B	0.01%
BG	F	0.01%
CAG	D	0.01%
DLTR	F	0.01%
CHRW	C	0.01%
SWK	D	0.01%
TPR	B	0.01%
AKAM	D	0.01%
UDR	B	0.01%
SWKS	F	0.01%
EPAM	C	0.01%
RVTY	F	0.01%
POOL	C	0.01%
NDSN	B	0.01%
APTV	D	0.01%
ROL	B	0.01%
FFIV	B	0.01%
NWS	B	0.0%

UPRO Underweight 41 Positions Relative to FHEQ

Symbol	Grade	Weight
SQ	B	-0.59%
SEIC	B	-0.54%
ZM	B	-0.52%
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%
GAP	C	-0.18%
DOCU	A	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
WDAY	B	-0.16%
PEGA	A	-0.16%
TPH	D	-0.15%
DASH	A	-0.12%
VEEV	C	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
BCC	B	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
UTHR	C	-0.05%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%