ZZZ vs. FHEQ ETF Comparison

Comparison of Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ) to Fidelity Hedged Equity ETF (FHEQ)

ZZZ

Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF

ZZZ Description

ZZZ blends two indices, splitting investments between traditional equities and Bitcoin futures. Approximately 75% of the funds assets are allocated to US large-cap stocks featured in the S&P 500. Simultaneously, the remaining 25% is dedicated to Bitcoin futures obtained through its wholly-owned Cayman Islands subsidiary. The fund rebalances monthly to maintain the 75/25 allocation, though the adviser retains the flexibility to rebalance more frequently during periods of significant price volatility. Note that the fund does not invest directly in Bitcoin, instead opting for USD-settled, front-month CME Bitcoin futures contracts. These contracts are typically rolled over in the last week of each month, although adjustments may occur based on prevailing market conditions. The fund holds high-quality securities, including US government securities, money market funds, and short-term corporate debts to manage risks associated with the contracts.

Grade (RS Rating)

Last Trade

$28.27

Average Daily Volume

709

Number of Holdings ^*

480

* 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	ZZZ	FHEQ
30 Days	13.77%	2.51%
60 Days	12.62%	3.80%
90 Days	13.76%	4.54%
12 Months

126 Overlapping Holdings

Symbol	Grade	Weight in ZZZ	Weight in FHEQ	Overlap
AAPL	C	3.67%	7.31%	3.67%
ABBV	D	0.32%	1.0%	0.32%
ADBE	C	0.22%	0.93%	0.22%
ADP	B	0.13%	0.16%	0.13%
ALL	A	0.07%	0.07%	0.07%
ALLE	D	0.02%	0.44%	0.02%
AMAT	F	0.15%	0.7%	0.15%
AME	A	0.04%	0.22%	0.04%
AMGN	D	0.16%	0.24%	0.16%
AMT	D	0.11%	0.24%	0.11%
AMZN	C	2.04%	3.64%	2.04%
ANET	C	0.08%	0.08%	0.08%
AVGO	D	0.76%	1.49%	0.76%
AXP	A	0.19%	0.43%	0.19%
BAC	A	0.36%	1.17%	0.36%
BBWI	D	0.01%	0.11%	0.01%
BDX	F	0.08%	0.59%	0.08%
BIIB	F	0.02%	0.21%	0.02%
BK	A	0.07%	0.36%	0.07%
BLK	C	0.12%	0.23%	0.12%
BMY	B	0.13%	0.68%	0.13%
BRK.A	B	0.95%	2.19%	0.95%
C	A	0.15%	0.54%	0.15%
CAH	B	0.03%	0.4%	0.03%
CAT	B	0.22%	0.48%	0.22%
CI	F	0.11%	0.63%	0.11%
CINF	A	0.03%	0.12%	0.03%
CL	D	0.09%	0.58%	0.09%
CLX	B	0.02%	0.2%	0.02%
CMCSA	B	0.19%	0.83%	0.19%
CME	A	0.1%	0.37%	0.1%
COST	B	0.41%	0.45%	0.41%
CRM	B	0.36%	1.09%	0.36%
CSCO	B	0.26%	0.79%	0.26%
CSX	B	0.08%	0.43%	0.08%
CTAS	B	0.1%	0.66%	0.1%
CVS	D	0.08%	0.22%	0.08%
CVX	A	0.31%	0.02%	0.02%
DIS	B	0.23%	0.57%	0.23%
DOC	D	0.01%	0.08%	0.01%
DVN	F	0.03%	0.53%	0.03%
ECL	D	0.08%	0.62%	0.08%
EOG	A	0.09%	0.43%	0.09%
ETN	A	0.16%	0.15%	0.15%
F	C	0.05%	0.15%	0.05%
FTNT	C	0.06%	0.24%	0.06%
GE	D	0.22%	0.45%	0.22%
GEHC	F	0.04%	0.17%	0.04%
GEN	B	0.02%	0.13%	0.02%
GILD	C	0.12%	0.73%	0.12%
GL	B	0.01%	0.2%	0.01%
GOOG	C	0.97%	1.74%	0.97%
GOOGL	C	1.13%	2.02%	1.13%
GRMN	B	0.05%	0.31%	0.05%
HD	A	0.46%	1.32%	0.46%
HLT	A	0.08%	0.18%	0.08%
HWM	A	0.05%	0.27%	0.05%
IDXX	F	0.05%	0.26%	0.05%
INCY	C	0.02%	0.27%	0.02%
JNJ	D	0.42%	0.61%	0.42%
JPM	A	0.8%	1.82%	0.8%
KLAC	D	0.07%	0.54%	0.07%
KR	B	0.05%	0.11%	0.05%
L	A	0.02%	0.07%	0.02%
LDOS	C	0.02%	0.32%	0.02%
LHX	C	0.05%	0.23%	0.05%
LLY	F	0.59%	0.76%	0.59%
LMT	D	0.12%	0.69%	0.12%
LRCX	F	0.08%	0.23%	0.08%
MA	C	0.47%	1.34%	0.47%
MDLZ	F	0.09%	0.07%	0.07%
META	D	1.35%	2.87%	1.35%
MGM	D	0.01%	0.22%	0.01%
MMC	B	0.13%	0.52%	0.13%
MMM	D	0.07%	0.22%	0.07%
MRK	F	0.27%	0.69%	0.27%
MS	A	0.18%	0.16%	0.16%
MSCI	C	0.07%	0.49%	0.07%
MSFT	F	3.4%	5.64%	3.4%
MSI	B	0.11%	0.26%	0.11%
MU	D	0.12%	0.47%	0.12%
NEE	D	0.17%	0.73%	0.17%
NFLX	A	0.38%	1.26%	0.38%
NOC	D	0.05%	0.56%	0.05%
NOW	A	0.23%	0.34%	0.23%
NSC	B	0.06%	0.26%	0.06%
NUE	C	0.03%	0.32%	0.03%
NVDA	C	3.81%	7.27%	3.81%
ORCL	B	0.33%	0.04%	0.04%
PCAR	B	0.06%	0.42%	0.06%
PFE	D	0.16%	0.56%	0.16%
PG	A	0.44%	0.87%	0.44%
PGR	A	0.17%	0.63%	0.17%
PM	B	0.22%	0.92%	0.22%
PPG	F	0.03%	0.34%	0.03%
PSA	D	0.08%	0.19%	0.08%
PYPL	B	0.1%	0.54%	0.1%
QCOM	F	0.2%	0.84%	0.2%
QRVO	F	0.01%	0.11%	0.01%
ROST	C	0.05%	0.1%	0.05%
RSG	A	0.05%	0.2%	0.05%
RTX	C	0.19%	0.44%	0.19%
SCHW	B	0.14%	0.56%	0.14%
SOLV	C	0.01%	0.12%	0.01%
SPG	B	0.06%	0.16%	0.06%
SPGI	C	0.17%	0.28%	0.17%
T	A	0.18%	0.67%	0.18%
TJX	A	0.15%	0.73%	0.15%
TMO	F	0.23%	0.26%	0.23%
TMUS	B	0.13%	0.29%	0.13%
TROW	B	0.03%	0.23%	0.03%
TRV	B	0.06%	0.49%	0.06%
TSLA	B	0.92%	1.26%	0.92%
TT	A	0.09%	0.69%	0.09%
TXT	D	0.02%	0.51%	0.02%
UBER	D	0.16%	0.14%	0.14%
UNH	C	0.6%	0.57%	0.57%
UNP	C	0.16%	0.73%	0.16%
V	A	0.56%	0.47%	0.47%
VZ	C	0.2%	0.18%	0.18%
WFC	A	0.3%	0.15%	0.15%
WM	A	0.1%	0.38%	0.1%
WMT	A	0.4%	0.8%	0.4%
XEL	A	0.04%	0.21%	0.04%
XOM	B	0.6%	1.54%	0.6%
ZBRA	B	0.04%	0.47%	0.04%

ZZZ Overweight 354 Positions Relative to FHEQ

Symbol	Grade	Weight
KO	D	0.26%
PEP	F	0.25%
AMD	F	0.25%
LIN	D	0.25%
ACN	C	0.24%
INTU	C	0.23%
MCD	D	0.23%
ABT	B	0.22%
TXN	C	0.21%
IBM	C	0.21%
GS	A	0.2%
ISRG	A	0.18%
HON	B	0.18%
LOW	D	0.18%
DHR	F	0.16%
VRTX	F	0.16%
COP	C	0.15%
DE	A	0.14%
ORLY	B	0.14%
TDG	D	0.14%
BSX	B	0.14%
FI	A	0.14%
BX	A	0.14%
MDT	D	0.13%
CB	C	0.13%
PANW	C	0.13%
SYK	C	0.13%
PLD	D	0.12%
INTC	D	0.12%
SNPS	B	0.12%
ADI	D	0.12%
SBUX	A	0.12%
MCO	B	0.11%
UPS	C	0.11%
ICE	C	0.11%
MO	A	0.11%
SO	D	0.11%
BA	F	0.1%
ZTS	D	0.1%
CDNS	B	0.1%
NKE	D	0.1%
DUK	C	0.1%
EQIX	A	0.1%
USB	A	0.09%
AON	A	0.09%
REGN	F	0.09%
EMR	A	0.09%
TGT	F	0.09%
GM	B	0.09%
ELV	F	0.09%
ITW	B	0.09%
PNC	B	0.09%
URI	B	0.09%
APH	A	0.09%
HCA	F	0.08%
OKE	A	0.08%
WELL	A	0.08%
CEG	D	0.08%
PH	A	0.08%
WMB	A	0.08%
GEV	B	0.08%
COF	B	0.08%
SHW	A	0.08%
MLM	B	0.07%
JCI	C	0.07%
AJG	B	0.07%
FDX	B	0.07%
CARR	D	0.07%
AXON	A	0.07%
ADSK	A	0.07%
TFC	A	0.07%
SLB	C	0.07%
FCX	D	0.07%
MCK	B	0.07%
MPC	D	0.07%
APD	A	0.07%
NXPI	D	0.07%
FAST	B	0.06%
MET	A	0.06%
CPRT	A	0.06%
PRU	A	0.06%
IT	C	0.06%
PSX	C	0.06%
KMI	A	0.06%
ABNB	C	0.06%
FIS	C	0.06%
AIG	B	0.06%
ROP	B	0.06%
DLR	B	0.06%
SRE	A	0.06%
AFL	B	0.06%
MAR	B	0.06%
AMP	A	0.06%
GD	F	0.06%
YUM	B	0.05%
OTIS	C	0.05%
KVUE	A	0.05%
IR	B	0.05%
KMB	D	0.05%
CCI	D	0.05%
EW	C	0.05%
PAYX	C	0.05%
ODFL	B	0.05%
MTB	A	0.05%
BKR	B	0.05%
VLO	C	0.05%
HES	B	0.05%
PCG	A	0.05%
HUBB	B	0.05%
PEG	A	0.05%
D	C	0.05%
RCL	A	0.05%
NEM	D	0.05%
STZ	D	0.05%
AEP	D	0.05%
DHI	D	0.05%
COR	B	0.05%
KDP	D	0.04%
WTW	B	0.04%
VICI	C	0.04%
MCHP	D	0.04%
RJF	A	0.04%
DD	D	0.04%
FITB	A	0.04%
EA	A	0.04%
PWR	A	0.04%
EXR	D	0.04%
LEN	D	0.04%
ANSS	B	0.04%
EIX	B	0.04%
HPQ	B	0.04%
IRM	D	0.04%
DFS	B	0.04%
GPN	B	0.04%
HIG	B	0.04%
WAT	B	0.04%
OXY	D	0.04%
SNA	A	0.04%
FANG	D	0.04%
CMI	A	0.04%
CPAY	A	0.04%
TTWO	A	0.04%
GLW	B	0.04%
MNST	C	0.04%
GIS	D	0.04%
SYY	B	0.04%
DAL	C	0.04%
A	D	0.04%
IQV	D	0.04%
CTSH	B	0.04%
CHTR	C	0.04%
ACGL	D	0.04%
WAB	B	0.04%
EXC	C	0.04%
O	D	0.04%
CBRE	B	0.04%
TRGP	B	0.04%
CTVA	C	0.04%
EQR	B	0.03%
FTV	C	0.03%
ZBH	C	0.03%
IEX	B	0.03%
BR	A	0.03%
AVB	B	0.03%
ALGN	D	0.03%
CFG	B	0.03%
EPAM	C	0.03%
RF	A	0.03%
PPL	B	0.03%
PKG	A	0.03%
NTAP	C	0.03%
LH	C	0.03%
RMD	C	0.03%
NDAQ	A	0.03%
FFIV	B	0.03%
DTE	C	0.03%
K	A	0.03%
XYL	D	0.03%
CCL	B	0.03%
EFX	F	0.03%
KHC	F	0.03%
HBAN	A	0.03%
LYB	F	0.03%
NDSN	B	0.03%
VTR	C	0.03%
SYF	B	0.03%
PHM	D	0.03%
IFF	D	0.03%
PODD	C	0.03%
ILMN	D	0.03%
ADM	D	0.03%
ON	D	0.03%
UAL	A	0.03%
HUM	C	0.03%
AWK	D	0.03%
HAL	C	0.03%
TSCO	D	0.03%
AEE	A	0.03%
HPE	B	0.03%
VMC	B	0.03%
VRSK	A	0.03%
STLD	B	0.03%
ROK	B	0.03%
STT	A	0.03%
ED	D	0.03%
MOH	F	0.03%
CSGP	D	0.03%
CNC	D	0.03%
WEC	A	0.03%
ETR	B	0.03%
ESS	B	0.03%
KEYS	A	0.03%
DXCM	D	0.03%
EBAY	D	0.03%
WST	C	0.03%
LULU	C	0.03%
DOW	F	0.03%
UDR	B	0.02%
TECH	D	0.02%
MHK	D	0.02%
TRMB	B	0.02%
J	F	0.02%
AMCR	D	0.02%
ATO	A	0.02%
NI	A	0.02%
REG	B	0.02%
MKC	D	0.02%
DAY	B	0.02%
ROL	B	0.02%
KIM	A	0.02%
DG	F	0.02%
MAS	D	0.02%
KMX	B	0.02%
VTRS	A	0.02%
DVA	B	0.02%
HOLX	D	0.02%
APTV	D	0.02%
MAA	B	0.02%
SW	A	0.02%
DGX	A	0.02%
DRI	B	0.02%
BAX	D	0.02%
SWKS	F	0.02%
HSY	F	0.02%
JKHY	D	0.02%
PFG	D	0.02%
KEY	B	0.02%
SWK	D	0.02%
IP	B	0.02%
MRO	B	0.02%
CF	B	0.02%
EQT	B	0.02%
CDW	F	0.02%
BBY	D	0.02%
BLDR	D	0.02%
VRSN	F	0.02%
EXPE	B	0.02%
GNRC	B	0.02%
WRB	A	0.02%
BALL	D	0.02%
CTRA	B	0.02%
JBHT	C	0.02%
LNT	A	0.02%
ES	D	0.02%
NRG	B	0.02%
CNP	B	0.02%
CRL	C	0.02%
PTC	A	0.02%
TSN	B	0.02%
WDC	D	0.02%
LUV	C	0.02%
STX	D	0.02%
FSLR	F	0.02%
OMC	C	0.02%
LVS	C	0.02%
UHS	D	0.02%
AVY	D	0.02%
DOV	A	0.02%
INVH	D	0.02%
CMS	C	0.02%
VLTO	D	0.02%
CBOE	B	0.02%
TER	D	0.02%
FE	C	0.02%
WBD	C	0.02%
ARE	D	0.02%
PNR	A	0.02%
STE	F	0.02%
WY	D	0.02%
NTRS	A	0.02%
BRO	B	0.02%
CHD	B	0.02%
AIZ	A	0.02%
SBAC	D	0.02%
ETSY	D	0.01%
PARA	C	0.01%
FMC	D	0.01%
VFC	C	0.01%
ZION	B	0.01%
WBA	F	0.01%
HAS	D	0.01%
ENPH	F	0.01%
BEN	C	0.01%
APA	D	0.01%
CMA	A	0.01%
BWA	D	0.01%
IVZ	B	0.01%
AOS	F	0.01%
CE	F	0.01%
CZR	F	0.01%
RHI	B	0.01%
HSIC	B	0.01%
LW	C	0.01%
MOS	F	0.01%
BXP	D	0.01%
AAL	B	0.01%
AKAM	D	0.01%
CPB	D	0.01%
HRL	D	0.01%
WYNN	D	0.01%
FOXA	B	0.01%
BG	F	0.01%
PNW	B	0.01%
MTCH	D	0.01%
AES	F	0.01%
EMN	D	0.01%
ALB	C	0.01%
NCLH	B	0.01%
JNPR	F	0.01%
RVTY	F	0.01%
IPG	D	0.01%
CHRW	C	0.01%
SJM	D	0.01%
WHR	B	0.01%
FRT	B	0.01%
TPR	B	0.01%
LKQ	D	0.01%
NWSA	B	0.01%
CTLT	B	0.01%
MRNA	F	0.01%
CPT	B	0.01%
EXPD	D	0.01%
HST	C	0.01%
TAP	C	0.01%
GPC	D	0.01%
EVRG	A	0.01%
JBL	B	0.01%
EL	F	0.01%
LYV	A	0.01%
CAG	D	0.01%
DLTR	F	0.01%
NWS	B	0.0%
XRAY	F	0.0%
FOX	A	0.0%

ZZZ Underweight 42 Positions Relative to FHEQ

Symbol	Grade	Weight
SQ	B	-0.59%
SEIC	B	-0.54%
ZM	B	-0.52%
CVNA	B	-0.52%
DBX	B	-0.51%
CMG	B	-0.49%
IGT	F	-0.45%
EXEL	B	-0.43%
ALRM	C	-0.4%
TDC	D	-0.35%
ANF	C	-0.33%
MEDP	D	-0.31%
CACI	D	-0.3%
SKYW	B	-0.29%
GAP	C	-0.18%
DOCU	A	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
WDAY	B	-0.16%
PEGA	A	-0.16%
TPH	D	-0.15%
DASH	A	-0.12%
VEEV	C	-0.12%
NBIX	C	-0.11%
VST	B	-0.11%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
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%