VTV vs. FHEQ ETF Comparison

Comparison of Vanguard Value ETF - DNQ (VTV) to Fidelity Hedged Equity ETF (FHEQ)

VTV

Vanguard Value ETF - DNQ

VTV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Value Index, a broadly diversified index predominantly made up of value stocks of large U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$180.08

Average Daily Volume

1,667,169

Number of Holdings ^*

331

* 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	VTV	FHEQ
30 Days	2.63%	2.51%
60 Days	3.86%	3.80%
90 Days	6.18%	4.54%
12 Months	30.21%

91 Overlapping Holdings

Symbol	Grade	Weight in VTV	Weight in FHEQ	Overlap
ABBV	D	1.66%	1.0%	1.0%
ALL	A	0.23%	0.07%	0.07%
AME	A	0.2%	0.22%	0.2%
AMGN	D	0.79%	0.24%	0.24%
AVGO	D	1.83%	1.49%	1.49%
AXP	A	0.62%	0.43%	0.43%
BAC	A	1.35%	1.17%	1.17%
BDX	F	0.31%	0.59%	0.31%
BIIB	F	0.12%	0.21%	0.12%
BK	A	0.26%	0.36%	0.26%
BLK	C	0.64%	0.23%	0.23%
BMY	B	0.52%	0.68%	0.52%
BRK.A	B	3.15%	2.19%	2.19%
BRK.A	B	0.65%	2.19%	0.65%
C	A	0.53%	0.54%	0.53%
CAH	B	0.12%	0.4%	0.12%
CAT	B	0.84%	0.48%	0.48%
CI	F	0.41%	0.63%	0.41%
CINF	A	0.1%	0.12%	0.1%
CL	D	0.18%	0.58%	0.18%
CLX	B	0.09%	0.2%	0.09%
CMCSA	B	0.78%	0.83%	0.78%
CME	A	0.37%	0.37%	0.37%
CSCO	B	0.92%	0.79%	0.79%
CSX	B	0.3%	0.43%	0.3%
CVNA	B	0.07%	0.52%	0.07%
CVS	D	0.33%	0.22%	0.22%
CVX	A	1.2%	0.02%	0.02%
DIS	B	0.4%	0.57%	0.4%
DOC	D	0.04%	0.08%	0.04%
DVN	F	0.11%	0.53%	0.11%
EOG	A	0.32%	0.43%	0.32%
ETN	A	0.61%	0.15%	0.15%
F	C	0.19%	0.15%	0.15%
GE	D	0.41%	0.45%	0.41%
GEHC	F	0.17%	0.17%	0.17%
GEN	B	0.07%	0.13%	0.07%
GILD	C	0.51%	0.73%	0.51%
GRMN	B	0.14%	0.31%	0.14%
HD	A	1.81%	1.32%	1.32%
JNJ	D	1.78%	0.61%	0.61%
JPM	A	2.92%	1.82%	1.82%
KR	B	0.14%	0.11%	0.11%
L	A	0.07%	0.07%	0.07%
LDOS	C	0.06%	0.32%	0.06%
LHX	C	0.22%	0.23%	0.22%
LMT	D	0.6%	0.69%	0.6%
MDLZ	F	0.42%	0.07%	0.07%
MGM	D	0.02%	0.22%	0.02%
MKL	A	0.09%	0.09%	0.09%
MMC	B	0.5%	0.52%	0.5%
MMM	D	0.33%	0.22%	0.22%
MRK	F	1.2%	0.69%	0.69%
MS	A	0.65%	0.16%	0.16%
MSI	B	0.17%	0.26%	0.17%
MU	D	0.51%	0.47%	0.47%
NEE	D	0.71%	0.73%	0.71%
NOC	D	0.34%	0.56%	0.34%
NSC	B	0.26%	0.26%	0.26%
NUE	C	0.16%	0.32%	0.16%
ORCL	B	1.28%	0.04%	0.04%
PCAR	B	0.25%	0.42%	0.25%
PFE	D	0.74%	0.56%	0.56%
PG	A	1.79%	0.87%	0.87%
PGR	A	0.66%	0.63%	0.63%
PM	B	0.95%	0.92%	0.92%
PPG	F	0.13%	0.34%	0.13%
PSA	D	0.24%	0.19%	0.19%
PYPL	B	0.37%	0.54%	0.37%
QCOM	F	0.84%	0.84%	0.84%
RSG	A	0.19%	0.2%	0.19%
RTX	C	0.74%	0.44%	0.44%
SCHW	B	0.49%	0.56%	0.49%
SPG	B	0.24%	0.16%	0.16%
T	A	0.75%	0.67%	0.67%
TMO	F	0.96%	0.26%	0.26%
TROW	B	0.11%	0.23%	0.11%
TRV	B	0.26%	0.49%	0.26%
TT	A	0.39%	0.69%	0.39%
TXT	D	0.07%	0.51%	0.07%
UNH	C	2.41%	0.57%	0.57%
UNP	C	0.65%	0.73%	0.65%
VST	B	0.2%	0.11%	0.11%
VZ	C	0.74%	0.18%	0.18%
WFC	A	1.02%	0.15%	0.15%
WM	A	0.4%	0.38%	0.38%
WMT	A	1.67%	0.8%	0.8%
XEL	A	0.17%	0.21%	0.17%
XOM	B	2.4%	1.54%	1.54%
ZBRA	B	0.09%	0.47%	0.09%
ZM	B	0.08%	0.52%	0.08%

VTV Overweight 240 Positions Relative to FHEQ

Symbol	Grade	Weight
KO	D	1.17%
PEP	F	1.05%
ABT	B	0.91%
IBM	C	0.88%
GS	A	0.74%
DHR	F	0.74%
LOW	D	0.69%
HON	B	0.62%
COP	C	0.59%
MDT	D	0.53%
ADI	D	0.51%
ACN	C	0.5%
CB	C	0.5%
DE	A	0.49%
PLD	D	0.48%
SO	D	0.46%
UPS	C	0.45%
MO	A	0.43%
ELV	F	0.43%
REGN	F	0.42%
KKR	A	0.42%
DUK	C	0.41%
ICE	C	0.41%
PH	A	0.38%
INTC	D	0.38%
CEG	D	0.38%
PNC	B	0.35%
USB	A	0.35%
ITW	B	0.34%
APD	A	0.32%
TGT	F	0.32%
GD	F	0.31%
FCX	D	0.3%
HCA	F	0.3%
MCK	B	0.3%
EMR	A	0.29%
CARR	D	0.29%
WMB	A	0.29%
FDX	B	0.28%
AJG	B	0.28%
TFC	A	0.27%
DLR	B	0.27%
AFL	B	0.27%
COF	B	0.27%
OKE	A	0.26%
FI	A	0.26%
GM	B	0.26%
URI	B	0.25%
PSX	C	0.24%
NEM	D	0.24%
AEP	D	0.24%
SRE	A	0.24%
AIG	B	0.23%
FIS	C	0.23%
JCI	C	0.23%
DHI	D	0.23%
D	C	0.23%
AMP	A	0.23%
MET	A	0.22%
CCI	D	0.22%
MPC	D	0.22%
PEG	A	0.21%
CMI	A	0.21%
KMB	D	0.21%
KMI	A	0.21%
NKE	D	0.21%
PCG	A	0.2%
LEN	D	0.2%
PRU	A	0.2%
KVUE	A	0.2%
CBRE	B	0.19%
COR	B	0.19%
LNG	B	0.19%
CTVA	C	0.19%
AON	A	0.18%
A	D	0.18%
STZ	D	0.18%
IR	B	0.18%
EXC	C	0.18%
OTIS	C	0.18%
MCHP	D	0.18%
VLO	C	0.18%
EA	A	0.18%
KDP	D	0.17%
IRM	D	0.17%
GLW	B	0.17%
SYY	B	0.17%
CTSH	B	0.17%
DAL	C	0.17%
DFS	B	0.17%
GIS	D	0.17%
NDAQ	A	0.16%
DELL	C	0.16%
EXR	D	0.16%
DOW	F	0.16%
HPQ	B	0.16%
ED	D	0.16%
ACGL	D	0.16%
IQV	D	0.16%
AVB	B	0.15%
EIX	B	0.15%
OXY	D	0.15%
HIG	B	0.15%
MTB	A	0.15%
CNC	D	0.15%
WAB	B	0.15%
VICI	C	0.15%
ETR	B	0.15%
FITB	A	0.14%
XYL	D	0.14%
ON	D	0.14%
WEC	A	0.14%
ROK	B	0.14%
CHTR	C	0.14%
WTW	B	0.14%
HUM	C	0.14%
DD	D	0.14%
VTR	C	0.13%
RJF	A	0.13%
EBAY	D	0.13%
SLB	C	0.13%
FTV	C	0.12%
CDW	F	0.12%
HPE	B	0.12%
EQR	B	0.12%
IFF	D	0.12%
UAL	A	0.12%
O	D	0.12%
KEYS	A	0.12%
DOV	A	0.12%
KHC	F	0.12%
STT	A	0.12%
GPN	B	0.12%
ADM	D	0.12%
NVR	D	0.12%
PHM	D	0.12%
AWK	D	0.12%
PPL	B	0.11%
FE	C	0.11%
AEE	A	0.11%
ES	D	0.11%
NTAP	C	0.11%
PKG	A	0.1%
CMS	C	0.1%
CCL	B	0.1%
TDY	B	0.1%
CPAY	A	0.1%
ZBH	C	0.1%
SYF	B	0.1%
RF	A	0.1%
DTE	C	0.1%
K	A	0.1%
CBOE	B	0.1%
WDC	D	0.1%
LYB	F	0.1%
RCL	A	0.1%
HBAN	A	0.1%
WY	D	0.1%
HOLX	D	0.09%
MOH	F	0.09%
BKR	B	0.09%
DRI	B	0.09%
PFG	D	0.09%
LH	C	0.09%
CNP	B	0.09%
NTRS	A	0.09%
IP	B	0.09%
ARE	D	0.09%
TRU	D	0.09%
MKC	D	0.09%
OMC	C	0.09%
WRB	A	0.08%
AVY	D	0.08%
TSN	B	0.08%
EXPD	D	0.08%
DGX	A	0.08%
SNA	A	0.08%
MAS	D	0.08%
J	F	0.08%
BBY	D	0.08%
DG	F	0.08%
MAA	B	0.08%
WBD	C	0.08%
CFG	B	0.08%
BALL	D	0.08%
MLM	B	0.08%
BAX	D	0.08%
ESS	B	0.08%
INVH	D	0.08%
LUV	C	0.08%
TSCO	D	0.07%
SWK	D	0.07%
AVTR	F	0.07%
SSNC	B	0.07%
RVTY	F	0.07%
TRMB	B	0.07%
CF	B	0.07%
AKAM	D	0.07%
EG	C	0.07%
LNT	A	0.07%
MRO	B	0.07%
FNF	B	0.07%
GPC	D	0.07%
KEY	B	0.07%
VLTO	D	0.06%
WPC	D	0.06%
DLTR	F	0.06%
NWSA	B	0.06%
CE	F	0.06%
VTRS	A	0.06%
CAG	D	0.06%
SWKS	F	0.06%
RPRX	D	0.05%
STX	D	0.05%
STE	F	0.05%
HAL	C	0.05%
HUBB	B	0.05%
GDDY	A	0.05%
EL	F	0.04%
IBKR	A	0.04%
NI	A	0.04%
CTRA	B	0.04%
CPB	D	0.04%
HRL	D	0.04%
FOXA	B	0.04%
STLD	B	0.04%
ALB	C	0.03%
POOL	C	0.03%
EVRG	A	0.03%
UDR	B	0.03%
ALGN	D	0.03%
CRBG	B	0.03%
BEN	C	0.02%
WBA	F	0.02%
FOX	A	0.02%
RKT	F	0.01%
WLK	D	0.01%
AGR	B	0.01%
NWS	B	0.0%
LEN	D	0.0%

VTV Underweight 78 Positions Relative to FHEQ

Symbol	Grade	Weight
AAPL	C	-7.31%
NVDA	C	-7.27%
MSFT	F	-5.64%
AMZN	C	-3.64%
META	D	-2.87%
GOOGL	C	-2.02%
GOOG	C	-1.74%
MA	C	-1.34%
TSLA	B	-1.26%
NFLX	A	-1.26%
CRM	B	-1.09%
ADBE	C	-0.93%
LLY	F	-0.76%
TJX	A	-0.73%
AMAT	F	-0.7%
CTAS	B	-0.66%
ECL	D	-0.62%
SQ	B	-0.59%
SEIC	B	-0.54%
KLAC	D	-0.54%
DBX	B	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
V	A	-0.47%
IGT	F	-0.45%
COST	B	-0.45%
ALLE	D	-0.44%
EXEL	B	-0.43%
ALRM	C	-0.4%
TDC	D	-0.35%
NOW	A	-0.34%
ANF	C	-0.33%
MEDP	D	-0.31%
CACI	D	-0.3%
TMUS	B	-0.29%
SKYW	B	-0.29%
SPGI	C	-0.28%
HWM	A	-0.27%
INCY	C	-0.27%
IDXX	F	-0.26%
FTNT	C	-0.24%
AMT	D	-0.24%
LRCX	F	-0.23%
GL	B	-0.2%
GAP	C	-0.18%
DOCU	A	-0.18%
HLT	A	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
ADP	B	-0.16%
WDAY	B	-0.16%
PEGA	A	-0.16%
TPH	D	-0.15%
UBER	D	-0.14%
DASH	A	-0.12%
VEEV	C	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
QRVO	F	-0.11%
ROST	C	-0.1%
PLTK	B	-0.1%
BAH	F	-0.09%
ANET	C	-0.08%
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%