ACVF vs. FHEQ ETF Comparison

Comparison of American Conservative Values ETF (ACVF) to Fidelity Hedged Equity ETF (FHEQ)

ACVF

American Conservative Values ETF

ACVF Description

The investment seeks to achieve long-term capital appreciation; capital preservation is the secondary objective. Under normal circumstances, the fund seeks to meet its investment objective by investing at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities of U.S. companies that meet its politically conservative criteria. The equity securities in which It invests will generally be those of companies with large market capitalizations.

Grade (RS Rating)

Last Trade

$45.63

Average Daily Volume

7,781

Number of Holdings ^*

363

* 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	ACVF	FHEQ
30 Days	3.66%	2.51%
60 Days	5.20%	3.80%
90 Days	6.60%	4.54%
12 Months	31.26%

99 Overlapping Holdings

Symbol	Grade	Weight in ACVF	Weight in FHEQ	Overlap
ABBV	D	0.77%	1.0%	0.77%
ADBE	C	0.98%	0.93%	0.93%
ADP	B	0.38%	0.16%	0.16%
ALL	A	0.05%	0.07%	0.05%
AMAT	F	0.52%	0.7%	0.52%
AME	A	0.07%	0.22%	0.07%
AMGN	D	0.37%	0.24%	0.24%
AMT	D	0.19%	0.24%	0.19%
ANET	C	0.7%	0.08%	0.08%
AVGO	D	2.01%	1.49%	1.49%
BBWI	D	0.02%	0.11%	0.02%
BDX	F	0.14%	0.59%	0.14%
BIIB	F	0.02%	0.21%	0.02%
BK	A	0.07%	0.36%	0.07%
BMY	B	0.35%	0.68%	0.35%
BRK.A	B	2.76%	2.19%	2.19%
C	A	0.45%	0.54%	0.45%
CAH	B	0.07%	0.4%	0.07%
CAT	B	0.51%	0.48%	0.48%
CI	F	0.58%	0.63%	0.58%
CINF	A	0.05%	0.12%	0.05%
CL	D	0.21%	0.58%	0.21%
CLX	B	0.01%	0.2%	0.01%
CME	A	0.45%	0.37%	0.37%
COST	B	1.72%	0.45%	0.45%
CSCO	B	1.59%	0.79%	0.79%
CSX	B	0.19%	0.43%	0.19%
CTAS	B	0.4%	0.66%	0.4%
CVS	D	0.17%	0.22%	0.17%
CVX	A	0.73%	0.02%	0.02%
DASH	A	0.32%	0.12%	0.12%
ECL	D	0.16%	0.62%	0.16%
EOG	A	0.13%	0.43%	0.13%
ETN	A	0.61%	0.15%	0.15%
F	C	0.12%	0.15%	0.12%
FTNT	C	0.17%	0.24%	0.17%
GE	D	0.45%	0.45%	0.45%
GEHC	F	0.07%	0.17%	0.07%
GILD	C	0.09%	0.73%	0.09%
GRMN	B	0.46%	0.31%	0.31%
HD	A	1.77%	1.32%	1.32%
HLT	A	0.18%	0.18%	0.18%
IDXX	F	0.04%	0.26%	0.04%
INCY	C	0.02%	0.27%	0.02%
KLAC	D	0.3%	0.54%	0.3%
KR	B	0.04%	0.11%	0.04%
L	A	0.04%	0.07%	0.04%
LHX	C	0.14%	0.23%	0.14%
LLY	F	1.48%	0.76%	0.76%
LMT	D	0.34%	0.69%	0.34%
LRCX	F	0.39%	0.23%	0.23%
MA	C	1.7%	1.34%	1.34%
MDLZ	F	0.65%	0.07%	0.07%
MGM	D	0.08%	0.22%	0.08%
MMC	B	0.26%	0.52%	0.26%
MMM	D	0.09%	0.22%	0.09%
MRK	F	0.65%	0.69%	0.65%
MS	A	0.33%	0.16%	0.16%
MSCI	C	0.06%	0.49%	0.06%
MSFT	F	4.56%	5.64%	4.56%
MSI	B	0.83%	0.26%	0.26%
MU	D	0.32%	0.47%	0.32%
NEE	D	0.51%	0.73%	0.51%
NOC	D	0.18%	0.56%	0.18%
NOW	A	0.95%	0.34%	0.34%
NSC	B	0.05%	0.26%	0.05%
NUE	C	0.09%	0.32%	0.09%
NVDA	C	7.98%	7.27%	7.27%
ORCL	B	1.18%	0.04%	0.04%
PCAR	B	0.14%	0.42%	0.14%
PG	A	1.53%	0.87%	0.87%
PM	B	0.58%	0.92%	0.58%
PPG	F	0.07%	0.34%	0.07%
PSA	D	0.15%	0.19%	0.15%
QCOM	F	0.52%	0.84%	0.52%
ROST	C	0.31%	0.1%	0.1%
RSG	A	0.38%	0.2%	0.2%
RTX	C	0.44%	0.44%	0.44%
SCHW	B	0.19%	0.56%	0.19%
SOLV	C	0.01%	0.12%	0.01%
SPG	B	0.08%	0.16%	0.08%
SPGI	C	0.62%	0.28%	0.28%
T	A	0.18%	0.67%	0.18%
TJX	A	0.88%	0.73%	0.73%
TMO	F	0.52%	0.26%	0.26%
TMUS	B	1.05%	0.29%	0.29%
TROW	B	0.07%	0.23%	0.07%
TRV	B	0.05%	0.49%	0.05%
TSLA	B	1.92%	1.26%	1.26%
TT	A	0.18%	0.69%	0.18%
UBER	D	0.51%	0.14%	0.14%
UNP	C	0.38%	0.73%	0.38%
VEEV	C	0.04%	0.12%	0.04%
WDAY	B	0.21%	0.16%	0.16%
WFC	A	0.7%	0.15%	0.15%
WM	A	0.44%	0.38%	0.38%
XEL	A	0.07%	0.21%	0.07%
XOM	B	1.46%	1.54%	1.46%
ZBRA	B	0.21%	0.47%	0.21%

ACVF Overweight 264 Positions Relative to FHEQ

Symbol	Grade	Weight
MCD	D	1.0%
BKNG	A	0.94%
INTU	C	0.92%
PEP	F	0.9%
ACN	C	0.88%
LIN	D	0.85%
FI	A	0.79%
SO	D	0.75%
ISRG	A	0.62%
TXN	C	0.56%
AMD	F	0.55%
CPRT	A	0.54%
ABT	B	0.51%
SNPS	B	0.5%
DHR	F	0.49%
ORLY	B	0.48%
MAR	B	0.48%
SPOT	B	0.48%
PANW	C	0.48%
HON	B	0.47%
ROP	B	0.46%
CDNS	B	0.46%
ADI	D	0.44%
CHTR	C	0.43%
BX	A	0.42%
MCO	B	0.42%
DE	A	0.39%
CB	C	0.38%
ICE	C	0.38%
FICO	B	0.38%
ABNB	C	0.37%
VRSN	F	0.35%
ELV	F	0.34%
DFS	B	0.34%
PLD	D	0.33%
EXPE	B	0.33%
PNC	B	0.33%
INTC	D	0.32%
VRSK	A	0.32%
SYK	C	0.31%
VRTX	F	0.31%
OMC	C	0.3%
ADSK	A	0.3%
MDT	D	0.29%
BSX	B	0.29%
MCK	B	0.28%
EA	A	0.28%
AZO	C	0.28%
MPC	D	0.28%
USB	A	0.26%
MET	A	0.25%
CTSH	B	0.25%
EQIX	A	0.24%
HPE	B	0.23%
MO	A	0.23%
REGN	F	0.22%
COP	C	0.22%
KKR	A	0.22%
SHW	A	0.21%
GEV	B	0.21%
EMR	A	0.21%
UPS	C	0.21%
TTWO	A	0.21%
FFIV	B	0.21%
TFC	A	0.2%
JCI	C	0.2%
AMP	A	0.2%
APH	A	0.2%
IPG	D	0.19%
PH	A	0.19%
MNST	C	0.19%
TSCO	D	0.19%
IT	C	0.19%
ANSS	B	0.18%
HUM	C	0.18%
FCX	D	0.18%
GPN	B	0.18%
CBOE	B	0.18%
RBA	A	0.17%
APD	A	0.17%
STZ	D	0.17%
BA	F	0.17%
AON	A	0.17%
NXPI	D	0.17%
ZTS	D	0.16%
MANH	D	0.16%
CRWD	B	0.16%
CMI	A	0.16%
JBL	B	0.16%
COF	B	0.16%
SLB	C	0.15%
HPQ	B	0.15%
FDX	B	0.15%
LAD	A	0.14%
FOXA	B	0.14%
CBRE	B	0.14%
BLDR	D	0.14%
ITW	B	0.14%
NWS	B	0.13%
DUK	C	0.13%
PAYX	C	0.13%
COR	B	0.13%
FIS	C	0.13%
FITB	A	0.12%
SKX	D	0.12%
WELL	A	0.12%
TDG	D	0.12%
FOX	A	0.12%
NWSA	B	0.12%
GWW	B	0.11%
KMI	A	0.11%
DLR	B	0.11%
FAST	B	0.11%
DHI	D	0.11%
PINS	D	0.1%
CCI	D	0.1%
STT	A	0.1%
LYV	A	0.1%
CTVA	C	0.1%
RCL	A	0.1%
RJF	A	0.09%
OKE	A	0.09%
LEN	D	0.09%
OXY	D	0.09%
HCA	F	0.09%
EBAY	D	0.09%
RKT	F	0.09%
WMB	A	0.09%
NTRS	A	0.08%
GLW	B	0.08%
BKR	B	0.08%
CEG	D	0.08%
ODFL	B	0.08%
GD	F	0.08%
KMB	D	0.08%
EW	C	0.08%
RF	A	0.08%
PEG	A	0.08%
WTW	B	0.08%
NEM	D	0.07%
GIS	D	0.07%
CFG	B	0.07%
IP	B	0.07%
WAB	B	0.07%
EFX	F	0.07%
VLTO	D	0.07%
ADM	D	0.07%
HIG	B	0.07%
IR	B	0.07%
CARR	D	0.07%
IQV	D	0.07%
GPC	D	0.06%
BALL	D	0.06%
UAL	A	0.06%
KEYS	A	0.06%
BBY	D	0.06%
CNC	D	0.06%
ETSY	D	0.06%
LUV	C	0.06%
EIX	B	0.06%
AFL	B	0.06%
MCHP	D	0.06%
KSS	F	0.06%
EQR	B	0.06%
A	D	0.06%
DRI	B	0.06%
BR	A	0.06%
DG	F	0.06%
UAA	C	0.06%
AVB	B	0.06%
UA	C	0.06%
AAL	B	0.06%
FTV	C	0.05%
AIG	B	0.05%
FE	C	0.05%
CHD	B	0.05%
HBAN	A	0.05%
HSY	F	0.05%
CDW	F	0.05%
DD	D	0.05%
DXCM	D	0.05%
ILMN	D	0.05%
WEC	A	0.05%
TYL	B	0.05%
LVS	C	0.05%
OTIS	C	0.05%
HAL	C	0.05%
AJG	B	0.05%
KHC	F	0.05%
KEY	B	0.04%
YUM	B	0.04%
HES	B	0.04%
DPZ	C	0.04%
J	F	0.04%
APTV	D	0.04%
AMCR	D	0.04%
RMD	C	0.04%
DTE	C	0.04%
EXPD	D	0.04%
PKG	A	0.04%
STX	D	0.04%
ES	D	0.04%
WY	D	0.04%
LH	C	0.04%
LYB	F	0.04%
PRU	A	0.04%
ROK	B	0.03%
VMC	B	0.03%
CNP	B	0.03%
MKC	D	0.03%
TPR	B	0.03%
BWA	D	0.03%
EL	F	0.03%
DLTR	F	0.03%
D	C	0.03%
PWR	A	0.03%
CHRW	C	0.03%
ZBH	C	0.03%
PFG	D	0.03%
POOL	C	0.03%
DOW	F	0.03%
SYY	B	0.03%
EXC	C	0.03%
AEP	D	0.03%
VTR	C	0.03%
ULTA	F	0.03%
PHM	D	0.03%
SRE	A	0.03%
IFF	D	0.02%
JBHT	C	0.02%
SBAC	D	0.02%
PVH	C	0.02%
MOS	F	0.02%
RL	B	0.02%
HST	C	0.02%
ARE	D	0.02%
PAYC	B	0.02%
LKQ	D	0.02%
WBA	F	0.02%
HOLX	D	0.02%
XYL	D	0.02%
SW	A	0.02%
WYNN	D	0.02%
AWK	D	0.02%
MKTX	D	0.02%
O	D	0.02%
FMC	D	0.01%
CE	F	0.01%
AES	F	0.01%
AEE	A	0.01%
AAP	C	0.01%
SLVM	B	0.01%
ED	D	0.01%
PHIN	A	0.01%
ALB	C	0.01%
HAS	D	0.01%
BEN	C	0.01%
SYF	B	0.01%
MAA	B	0.01%
EXR	D	0.01%
MTD	D	0.0%
EMBC	C	0.0%
FTRE	D	0.0%
IVZ	B	0.0%

ACVF Underweight 69 Positions Relative to FHEQ

Symbol	Grade	Weight
AAPL	C	-7.31%
AMZN	C	-3.64%
META	D	-2.87%
GOOGL	C	-2.02%
JPM	A	-1.82%
GOOG	C	-1.74%
NFLX	A	-1.26%
BAC	A	-1.17%
CRM	B	-1.09%
CMCSA	B	-0.83%
WMT	A	-0.8%
PGR	A	-0.63%
JNJ	D	-0.61%
SQ	B	-0.59%
UNH	C	-0.57%
DIS	B	-0.57%
PFE	D	-0.56%
SEIC	B	-0.54%
PYPL	B	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
CMG	B	-0.49%
V	A	-0.47%
IGT	F	-0.45%
ALLE	D	-0.44%
AXP	A	-0.43%
EXEL	B	-0.43%
ALRM	C	-0.4%
TDC	D	-0.35%
ANF	C	-0.33%
LDOS	C	-0.32%
MEDP	D	-0.31%
CACI	D	-0.3%
SKYW	B	-0.29%
HWM	A	-0.27%
BLK	C	-0.23%
GL	B	-0.2%
GAP	C	-0.18%
DOCU	A	-0.18%
VZ	C	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
PEGA	A	-0.16%
TPH	D	-0.15%
GEN	B	-0.13%
NBIX	C	-0.11%
QRVO	F	-0.11%
VST	B	-0.11%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
DOC	D	-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%