VSMV vs. FFLC ETF Comparison

Comparison of VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to Fidelity Fundamental Large Cap Core ETF (FFLC)

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$50.09

Average Daily Volume

11,492

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

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VSMV	FFLC
30 Days	3.22%	2.14%
60 Days	4.01%	3.92%
90 Days	4.52%	6.30%
12 Months	23.25%	37.29%

16 Overlapping Holdings

Symbol	Grade	Weight in VSMV	Weight in FFLC	Overlap
AAPL	C	9.39%	4.26%	4.26%
ABBV	D	2.15%	0.61%	0.61%
ALSN	B	0.3%	0.83%	0.3%
BMY	B	0.27%	0.92%	0.27%
CI	F	2.51%	1.23%	1.23%
CMCSA	B	0.38%	1.69%	0.38%
COR	B	3.24%	0.37%	0.37%
COST	B	2.58%	0.63%	0.63%
GD	F	0.48%	0.38%	0.38%
GILD	C	0.27%	0.27%	0.27%
GOOGL	C	1.88%	3.2%	1.88%
KO	D	0.21%	0.94%	0.21%
MSFT	F	8.89%	6.98%	6.98%
SPG	B	0.39%	0.18%	0.18%
WSO	A	0.27%	0.56%	0.27%
XOM	B	3.55%	2.88%	2.88%

VSMV Overweight 52 Positions Relative to FFLC

Symbol	Grade	Weight
WMT	A	3.81%
JNJ	D	3.43%
RSG	A	3.09%
LMT	D	3.01%
WM	A	3.0%
PG	A	2.92%
ADP	B	2.91%
AFL	B	2.87%
CAH	B	2.74%
MCK	B	2.64%
CTSH	B	2.59%
ALL	A	2.55%
MRK	F	2.46%
LDOS	C	2.38%
HPE	B	2.26%
NTAP	C	2.02%
EOG	A	1.95%
KMI	A	1.73%
CINF	A	1.33%
WMB	A	1.24%
FFIV	B	1.06%
MUSA	A	0.86%
CCK	C	0.84%
PAYX	C	0.83%
NYT	C	0.69%
ATR	B	0.54%
DVA	B	0.48%
ANF	C	0.4%
PKG	A	0.39%
CSX	B	0.32%
SNA	A	0.3%
CPAY	A	0.29%
TJX	A	0.28%
MSI	B	0.27%
PYPL	B	0.27%
STLD	B	0.27%
KMB	D	0.26%
NUE	C	0.25%
ACN	C	0.25%
THC	D	0.24%
BERY	B	0.24%
CAT	B	0.24%
CHRD	D	0.24%
AM	A	0.24%
LSTR	D	0.24%
MMM	D	0.23%
PHM	D	0.22%
LEA	D	0.22%
HCA	F	0.21%
CL	D	0.21%
BBY	D	0.21%
GIS	D	0.21%

VSMV Underweight 71 Positions Relative to FFLC

Symbol	Grade	Weight
NVDA	C	-5.71%
META	D	-4.7%
AMZN	C	-2.89%
BAC	A	-2.18%
AVGO	D	-1.98%
LLY	F	-1.85%
WFC	A	-1.82%
SO	D	-1.72%
UNH	C	-1.72%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
V	A	-1.31%
EIX	B	-1.31%
TMO	F	-1.18%
SAP	B	-1.15%
CSCO	B	-1.1%
LOW	D	-1.06%
CEG	D	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	D	-1.0%
INTU	C	-1.0%
ORCL	B	-0.97%
TSM	B	-0.97%
USB	A	-0.94%
URI	B	-0.92%
GEV	B	-0.87%
TRV	B	-0.87%
MA	C	-0.85%
APH	A	-0.85%
MOD	A	-0.84%
UPS	C	-0.78%
RPRX	D	-0.76%
REGN	F	-0.75%
CB	C	-0.73%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
UBER	D	-0.61%
CCI	D	-0.61%
APO	B	-0.61%
KNX	B	-0.59%
FDX	B	-0.58%
NVO	D	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
AMT	D	-0.43%
DEO	F	-0.43%
MAR	B	-0.42%
AJG	B	-0.41%
WSM	B	-0.4%
GEN	B	-0.37%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	D	-0.29%
NOC	D	-0.25%
TMUS	B	-0.2%
LIN	D	-0.2%
MELI	D	-0.2%
DKS	C	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
IP	B	-0.18%
KBR	F	-0.17%
LNG	B	-0.03%
MRVL	B	-0.02%