WLDR vs. FHEQ ETF Comparison

Comparison of Affinity World Leaders Equity ETF (WLDR) to Fidelity Hedged Equity ETF (FHEQ)

WLDR

Affinity World Leaders Equity ETF

WLDR Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the Thomson Reuters StarMine Affinity World Leaders Index (the index). The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities included in the index. The index is expected to consist of approximately 150 to 250 stocks of companies located in the U.S. and in at least three countries outside of the U.S. and may invest in up to 20 countries. It will be significantly invested in the securities of international companies in addition to securities of U.S. companies.

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

3,014

Number of Holdings ^*

* 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	WLDR	FHEQ
30 Days	5.56%	2.51%
60 Days	5.63%	3.80%
90 Days	8.20%	4.54%
12 Months	36.70%

21 Overlapping Holdings

Symbol	Grade	Weight in WLDR	Weight in FHEQ	Overlap
ALL	A	0.6%	0.07%	0.07%
AMAT	F	2.71%	0.7%	0.7%
BK	A	1.3%	0.36%	0.36%
BRK.A	B	1.21%	2.19%	1.21%
CI	F	0.7%	0.63%	0.63%
CMCSA	B	1.4%	0.83%	0.83%
DOC	D	0.29%	0.08%	0.08%
DOCU	A	2.03%	0.18%	0.18%
GEN	B	1.87%	0.13%	0.13%
KR	B	0.87%	0.11%	0.11%
LMT	D	0.94%	0.69%	0.69%
META	D	2.8%	2.87%	2.8%
MKL	A	0.56%	0.09%	0.09%
MMM	D	0.9%	0.22%	0.22%
PFE	D	1.87%	0.56%	0.56%
PM	B	1.04%	0.92%	0.92%
PYPL	B	0.62%	0.54%	0.54%
SPG	B	0.36%	0.16%	0.16%
TROW	B	1.28%	0.23%	0.23%
VST	B	0.49%	0.11%	0.11%
VZ	C	1.35%	0.18%	0.18%

WLDR Overweight 52 Positions Relative to FHEQ

Symbol	Grade	Weight
APP	B	3.84%
DELL	C	3.19%
HPE	B	2.98%
NTAP	C	2.96%
STX	D	2.68%
BURL	A	2.66%
CPNG	D	2.32%
VTRS	A	2.26%
CTSH	B	1.85%
SSNC	B	1.74%
EBAY	D	1.64%
DFS	B	1.43%
RF	A	1.32%
VRT	B	1.18%
OMC	C	1.15%
TEVA	D	1.07%
WMB	A	1.05%
BKR	B	1.03%
OC	A	0.95%
MO	A	0.93%
TOL	B	0.88%
USFD	A	0.88%
BCS	C	0.81%
FANG	D	0.81%
CCL	B	0.79%
RCL	A	0.78%
FI	A	0.71%
SWK	D	0.7%
ELV	F	0.62%
HCA	F	0.6%
THC	D	0.59%
UHS	D	0.57%
CNC	D	0.54%
LOGI	D	0.54%
GOLD	D	0.52%
AER	B	0.51%
CF	B	0.5%
RNR	C	0.47%
EMN	D	0.45%
UAL	A	0.42%
ETR	B	0.4%
PPL	B	0.38%
FIS	C	0.38%
DAL	C	0.37%
EVRG	A	0.36%
EXC	C	0.36%
VICI	C	0.31%
GLPI	C	0.29%
LUV	C	0.29%
CPT	B	0.29%
PKG	A	0.26%
NEM	D	0.23%

WLDR Underweight 147 Positions Relative to FHEQ

Symbol	Grade	Weight
AAPL	C	-7.31%
NVDA	C	-7.27%
MSFT	F	-5.64%
AMZN	C	-3.64%
GOOGL	C	-2.02%
JPM	A	-1.82%
GOOG	C	-1.74%
XOM	B	-1.54%
AVGO	D	-1.49%
MA	C	-1.34%
HD	A	-1.32%
TSLA	B	-1.26%
NFLX	A	-1.26%
BAC	A	-1.17%
CRM	B	-1.09%
ABBV	D	-1.0%
ADBE	C	-0.93%
PG	A	-0.87%
QCOM	F	-0.84%
WMT	A	-0.8%
CSCO	B	-0.79%
LLY	F	-0.76%
NEE	D	-0.73%
UNP	C	-0.73%
TJX	A	-0.73%
GILD	C	-0.73%
MRK	F	-0.69%
TT	A	-0.69%
BMY	B	-0.68%
T	A	-0.67%
CTAS	B	-0.66%
PGR	A	-0.63%
ECL	D	-0.62%
JNJ	D	-0.61%
SQ	B	-0.59%
BDX	F	-0.59%
CL	D	-0.58%
UNH	C	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
SEIC	B	-0.54%
C	A	-0.54%
KLAC	D	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
ZBRA	B	-0.47%
V	A	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
COST	B	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
EOG	A	-0.43%
CSX	B	-0.43%
AXP	A	-0.43%
EXEL	B	-0.43%
PCAR	B	-0.42%
CAH	B	-0.4%
ALRM	C	-0.4%
WM	A	-0.38%
CME	A	-0.37%
TDC	D	-0.35%
PPG	F	-0.34%
NOW	A	-0.34%
ANF	C	-0.33%
LDOS	C	-0.32%
NUE	C	-0.32%
MEDP	D	-0.31%
GRMN	B	-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%
MSI	B	-0.26%
TMO	F	-0.26%
IDXX	F	-0.26%
NSC	B	-0.26%
FTNT	C	-0.24%
AMT	D	-0.24%
AMGN	D	-0.24%
BLK	C	-0.23%
LRCX	F	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
CVS	D	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
RSG	A	-0.2%
GL	B	-0.2%
CLX	B	-0.2%
PSA	D	-0.19%
GAP	C	-0.18%
HLT	A	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
ADP	B	-0.16%
WDAY	B	-0.16%
MS	A	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	D	-0.14%
DASH	A	-0.12%
VEEV	C	-0.12%
CINF	A	-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%
MDLZ	F	-0.07%
L	A	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
UTHR	C	-0.05%
ORCL	B	-0.04%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%