XVOL vs. FFLC ETF Comparison

Comparison of Acruence Active Hedge U.S. Equity ETF (XVOL) to Fidelity Fundamental Large Cap Core ETF (FFLC)

XVOL

Acruence Active Hedge U.S. Equity ETF

XVOL Description

Valor Latitude Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

Grade (RS Rating)

Last Trade

$23.87

Average Daily Volume

2,322

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

$47.14

Average Daily Volume

102,251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XVOL	FFLC
30 Days	9.73%	1.92%
60 Days	10.22%	3.70%
90 Days	11.71%	6.08%
12 Months	36.35%	37.00%

7 Overlapping Holdings

Symbol	Grade	Weight in XVOL	Weight in FFLC	Overlap
AVGO	D	2.26%	1.98%	1.98%
BMY	B	1.64%	0.92%	0.92%
BSX	A	1.36%	1.35%	1.35%
ORCL	A	1.6%	0.97%	0.97%
SPG	A	1.71%	0.18%	0.18%
TRV	B	1.43%	0.87%	0.87%
WSM	C	1.45%	0.4%	0.4%

XVOL Overweight 42 Positions Relative to FFLC

Symbol	Grade	Weight
APP	B	4.25%
GFF	A	3.83%
VZ	C	3.7%
TFC	A	2.99%
AXS	A	2.93%
PLTR	B	2.72%
VST	A	2.7%
WAFD	B	2.58%
CCOI	B	2.55%
TMP	B	2.46%
THG	A	2.37%
NNN	C	2.36%
BBY	D	2.18%
FICO	B	2.06%
KKR	A	2.04%
NTRA	A	1.99%
NRG	B	1.97%
MSI	B	1.9%
WELL	A	1.77%
CTAS	B	1.76%
SWX	B	1.76%
BX	A	1.76%
T	A	1.74%
HFWA	C	1.71%
MMM	D	1.71%
USFD	A	1.66%
VTR	B	1.65%
WMT	A	1.62%
O	C	1.54%
PKG	A	1.53%
MPLX	A	1.52%
TW	A	1.51%
FNF	B	1.49%
PGR	A	1.48%
EFX	F	1.45%
GTY	A	1.39%
ORI	A	1.38%
ICE	C	1.34%
PEG	A	1.33%
SPGI	C	1.25%
RKT	F	1.19%
PLOW	D	1.17%

XVOL Underweight 80 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	D	-6.98%
NVDA	B	-5.71%
META	D	-4.7%
AAPL	C	-4.26%
GOOGL	C	-3.2%
AMZN	C	-2.89%
XOM	B	-2.88%
BAC	A	-2.18%
LLY	F	-1.85%
WFC	A	-1.82%
SO	C	-1.72%
UNH	B	-1.72%
CMCSA	B	-1.69%
GE	D	-1.61%
FI	A	-1.34%
V	A	-1.31%
EIX	B	-1.31%
CI	D	-1.23%
TMO	F	-1.18%
SAP	B	-1.15%
CSCO	B	-1.1%
LOW	C	-1.06%
CEG	C	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	F	-1.0%
INTU	B	-1.0%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
URI	C	-0.92%
GEV	B	-0.87%
MA	B	-0.85%
APH	A	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
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%
COST	A	-0.63%
ABBV	F	-0.61%
UBER	F	-0.61%
CCI	C	-0.61%
APO	B	-0.61%
KNX	C	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	F	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	C	-0.49%
AMT	C	-0.43%
DEO	F	-0.43%
MAR	A	-0.42%
AJG	A	-0.41%
GD	D	-0.38%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	F	-0.29%
GILD	C	-0.27%
NOC	D	-0.25%
TMUS	B	-0.2%
LIN	C	-0.2%
MELI	C	-0.2%
DKS	D	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
IP	A	-0.18%
KBR	F	-0.17%
LNG	A	-0.03%
MRVL	B	-0.02%