CVLC vs. FDLO ETF Comparison

Comparison of Morgan Stanley ETF Trust Calvert US Large-Cap Core Responsible Index ETF (CVLC) to Fidelity Low Volatility Factor ETF (FDLO)

CVLC

Morgan Stanley ETF Trust Calvert US Large-Cap Core Responsible Index ETF

CVLC Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$71.10

Average Daily Volume

18,705

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$60.84

Average Daily Volume

89,255

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	FDLO
30 Days	1.80%	2.37%
60 Days	2.45%	4.46%
90 Days	4.45%	6.74%
12 Months	33.54%	25.15%

7 Overlapping Holdings

Symbol	Grade	Weight in CVLC	Weight in FDLO	Overlap
AAPL	C	6.9%	7.33%	6.9%
AMZN	C	3.31%	3.64%	3.31%
GOOGL	D	3.62%	3.68%	3.62%
JPM	D	1.39%	1.63%	1.39%
LLY	C	1.73%	1.98%	1.73%
MSFT	C	6.0%	7.19%	6.0%
UNH	C	1.21%	1.57%	1.21%

CVLC Overweight 3 Positions Relative to FDLO

Symbol	Grade	Weight
NVDA	D	5.55%
AVGO	C	1.59%
TSLA	C	1.31%

CVLC Underweight 118 Positions Relative to FDLO

Symbol	Grade	Weight
BRK.A	C	-2.09%
ORCL	B	-1.76%
ACN	C	-1.61%
IBM	A	-1.6%
CSCO	B	-1.54%
TXN	C	-1.52%
V	C	-1.38%
MSI	B	-1.36%
MA	B	-1.28%
JNJ	C	-1.28%
ROP	C	-1.24%
TYL	C	-1.19%
ABBV	C	-1.18%
AKAM	D	-1.16%
DOX	C	-1.12%
VRSN	D	-1.11%
HD	A	-1.1%
XOM	D	-1.1%
MRK	D	-1.07%
PG	C	-1.03%
VZ	B	-1.0%
T	C	-0.96%
TMO	C	-0.96%
ABT	C	-0.93%
WMT	B	-0.91%
CMCSA	D	-0.87%
TMUS	C	-0.84%
PGR	A	-0.84%
AMGN	B	-0.84%
MCD	B	-0.81%
KO	B	-0.77%
REGN	C	-0.76%
CB	B	-0.73%
MMC	C	-0.71%
SBUX	C	-0.71%
VRTX	D	-0.71%
PEP	D	-0.7%
CME	C	-0.69%
UNP	C	-0.68%
LOW	A	-0.66%
EA	D	-0.65%
TJX	C	-0.65%
HON	D	-0.64%
TRV	B	-0.63%
LMT	B	-0.63%
BDX	F	-0.63%
AJG	D	-0.62%
PM	C	-0.62%
ADP	B	-0.62%
ETN	C	-0.61%
CVX	D	-0.6%
CBOE	C	-0.59%
NKE	D	-0.58%
ERIE	B	-0.57%
LIN	B	-0.56%
FDS	C	-0.55%
NOC	A	-0.54%
AIZ	B	-0.54%
WM	D	-0.53%
WRB	C	-0.53%
ITW	C	-0.52%
JKHY	C	-0.52%
GD	B	-0.52%
ORLY	D	-0.5%
RSG	D	-0.48%
AZO	D	-0.48%
PAYX	C	-0.48%
TSCO	C	-0.47%
FAST	C	-0.47%
GRMN	D	-0.46%
LHX	C	-0.46%
OTIS	C	-0.45%
MDLZ	C	-0.44%
BAH	B	-0.44%
J	C	-0.41%
CL	C	-0.41%
SO	A	-0.39%
HII	D	-0.39%
FCN	C	-0.39%
COP	D	-0.38%
DUK	B	-0.37%
AMT	C	-0.36%
GIS	B	-0.33%
KMB	D	-0.33%
SHW	B	-0.3%
EQIX	B	-0.3%
AEP	C	-0.3%
XEL	B	-0.28%
HSY	D	-0.28%
EOG	D	-0.28%
WEC	B	-0.27%
PSA	B	-0.27%
WMB	B	-0.27%
ED	C	-0.27%
O	C	-0.25%
ECL	A	-0.25%
LNG	C	-0.24%
KMI	A	-0.24%
DLR	B	-0.24%
APD	B	-0.24%
CCI	C	-0.24%
CMS	B	-0.24%
AEE	A	-0.24%
CTVA	B	-0.21%
EQR	C	-0.2%
CSGP	D	-0.2%
MAA	C	-0.19%
CTRA	D	-0.18%
PKG	B	-0.17%
VMC	D	-0.17%
ELS	C	-0.17%
AMH	C	-0.17%
MLM	D	-0.17%
DTM	A	-0.17%
ADC	C	-0.16%
AMCR	C	-0.16%
AVY	D	-0.16%
ATR	B	-0.15%