VLUE vs. FBCV ETF Comparison

Comparison of iShares MSCI USA Value Factor (VLUE) to Fidelity Blue Chip Value ETF (FBCV)

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$109.08

Average Daily Volume

274,311

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

FBCV

Fidelity Blue Chip Value ETF

FBCV Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.60

Average Daily Volume

14,611

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VLUE	FBCV
30 Days	3.46%	1.66%
60 Days	2.76%	4.56%
90 Days	6.31%	9.43%
12 Months	23.36%	19.93%

22 Overlapping Holdings

Symbol	Grade	Weight in VLUE	Weight in FBCV	Overlap
BAC	D	1.99%	2.94%	1.99%
BMY	C	1.4%	1.62%	1.4%
CF	B	0.16%	0.92%	0.16%
CI	C	1.56%	2.89%	1.56%
CMI	B	0.52%	0.33%	0.33%
CNC	D	0.76%	2.27%	0.76%
CSCO	B	5.97%	2.05%	2.05%
CTSH	B	1.11%	1.37%	1.11%
CVS	D	1.63%	1.27%	1.27%
ELV	D	1.34%	1.44%	1.34%
FDX	D	1.05%	1.04%	1.04%
JCI	B	0.55%	0.68%	0.55%
LHX	C	0.52%	0.63%	0.52%
MTB	C	0.27%	0.96%	0.27%
NXPI	D	1.23%	0.17%	0.17%
OVV	F	0.31%	0.6%	0.31%
PCG	C	0.61%	2.34%	0.61%
SPG	B	1.19%	0.42%	0.42%
TEL	D	1.05%	0.2%	0.2%
TSN	D	0.42%	0.72%	0.42%
USB	C	0.45%	0.89%	0.45%
WFC	D	1.49%	2.27%	1.49%

VLUE Overweight 126 Positions Relative to FBCV

Symbol	Grade	Weight
T	B	5.9%
IBM	B	4.21%
INTC	D	3.37%
VZ	A	3.18%
GM	C	3.17%
AMAT	D	2.77%
PFE	D	2.52%
RTX	B	1.81%
DHI	C	1.71%
F	F	1.71%
C	C	1.66%
LEN	B	1.65%
MO	C	1.34%
HPE	C	1.28%
GILD	B	1.26%
GS	B	1.23%
HPQ	C	1.16%
GLW	B	1.08%
PHM	B	1.06%
KHC	C	0.85%
VLO	F	0.77%
ADM	D	0.77%
DELL	C	0.77%
URI	B	0.75%
ON	D	0.74%
KR	B	0.74%
PCAR	D	0.69%
WBD	D	0.65%
FANG	F	0.63%
WY	C	0.6%
NTAP	D	0.56%
SWKS	F	0.55%
COF	B	0.55%
TFC	D	0.51%
AIG	D	0.5%
FSLR	C	0.49%
D	C	0.48%
MET	B	0.46%
NUE	D	0.46%
BK	B	0.45%
PRU	C	0.45%
MRO	D	0.44%
BBY	A	0.41%
VTRS	D	0.41%
BLDR	C	0.41%
ZM	C	0.4%
GEN	A	0.39%
EXPE	C	0.39%
JNPR	A	0.36%
VST	B	0.35%
FFIV	B	0.35%
CTRA	F	0.34%
TAP	D	0.34%
OC	C	0.33%
PPL	A	0.32%
FOXA	B	0.3%
WAB	B	0.3%
QRVO	F	0.29%
CAG	B	0.29%
DOW	C	0.28%
JBL	C	0.28%
EVRG	B	0.27%
SSNC	C	0.26%
TXT	D	0.26%
PARA	D	0.26%
HST	D	0.26%
ES	B	0.25%
SJM	C	0.25%
STT	B	0.25%
LKQ	F	0.25%
LYB	D	0.25%
HIG	B	0.24%
EQT	C	0.24%
LH	D	0.24%
CFG	D	0.24%
STLD	C	0.24%
WBA	F	0.23%
TWLO	C	0.23%
BG	F	0.22%
GPN	D	0.22%
ATO	B	0.22%
UHS	C	0.22%
AZPN	B	0.22%
UTHR	B	0.22%
RPRX	C	0.21%
MAA	C	0.2%
FITB	B	0.2%
KNX	C	0.19%
DAL	C	0.19%
LDOS	A	0.19%
SNA	B	0.19%
SYF	C	0.19%
DGX	B	0.19%
CNH	C	0.18%
APA	F	0.18%
EG	B	0.18%
RF	B	0.18%
DINO	F	0.18%
MOS	F	0.17%
CHK	C	0.17%
APTV	D	0.17%
FOX	B	0.16%
AKAM	D	0.16%
IP	C	0.16%
SOLV	D	0.15%
HBAN	B	0.15%
CPT	C	0.14%
L	D	0.13%
SWK	B	0.13%
HII	F	0.13%
UHAL	B	0.13%
FBIN	B	0.13%
ACI	F	0.12%
KEY	C	0.12%
NLY	B	0.12%
SW	B	0.12%
FCNCA	D	0.11%
EQH	C	0.11%
LUV	C	0.11%
EMN	B	0.11%
DVA	B	0.09%
FNF	B	0.09%
ALLY	F	0.09%
BIO	C	0.06%
BEN	F	0.06%
WLK	C	0.05%

VLUE Underweight 59 Positions Relative to FBCV

Symbol	Grade	Weight
XOM	D	-4.59%
JPM	D	-4.05%
CMCSA	C	-2.87%
UNH	C	-2.87%
BRK.A	C	-2.72%
TRV	C	-2.7%
DIS	D	-2.28%
BLK	B	-1.98%
AZN	D	-1.93%
HRB	C	-1.83%
CB	B	-1.74%
DE	A	-1.72%
JNJ	C	-1.7%
KVUE	B	-1.6%
EIX	B	-1.38%
PNC	C	-1.35%
KO	B	-1.33%
NOC	B	-1.32%
WTW	B	-1.22%
DOX	C	-1.17%
LMT	A	-1.14%
KDP	B	-1.13%
PG	C	-1.12%
SNY	B	-1.08%
PNR	B	-1.02%
LOW	B	-0.95%
ROST	C	-0.95%
USFD	C	-0.92%
HLN	B	-0.88%
NTRS	C	-0.88%
APO	B	-0.8%
RRX	C	-0.79%
NGG	B	-0.77%
CCI	C	-0.74%
CCEP	C	-0.72%
EQNR	F	-0.72%
MDLZ	C	-0.71%
OXY	F	-0.7%
CCK	B	-0.7%
SRE	B	-0.69%
BJ	D	-0.69%
NEE	B	-0.62%
MMS	B	-0.61%
AR	C	-0.58%
DEO	C	-0.57%
MU	D	-0.55%
AES	C	-0.51%
MUSA	D	-0.42%
G	C	-0.39%
SO	B	-0.37%
BA	F	-0.29%
OTEX	D	-0.28%
TPR	A	-0.27%
GEV	B	-0.26%
CFR	C	-0.23%
AVGO	C	-0.18%
OSK	F	-0.18%
CHRW	B	-0.15%
ALSN	B	-0.12%