CVSE vs. FQAL ETF Comparison

Comparison of Calvert US Select Equity ETF (CVSE) to Fidelity Quality Factor ETF (FQAL)

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.50

Average Daily Volume

945

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

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

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	CVSE	FQAL
30 Days	2.61%	2.60%
60 Days	4.06%	4.35%
90 Days	5.46%	5.86%
12 Months	30.71%	30.56%

41 Overlapping Holdings

Symbol	Grade	Weight in CVSE	Weight in FQAL	Overlap
AAPL	C	6.81%	6.62%	6.62%
ACN	C	1.81%	1.05%	1.05%
ADBE	C	0.67%	0.97%	0.67%
ADP	B	0.84%	0.64%	0.64%
AMAT	F	0.69%	0.77%	0.69%
AMT	D	0.63%	0.27%	0.27%
BMY	B	0.41%	1.02%	0.41%
CAT	B	0.94%	0.77%	0.77%
CPRT	A	0.03%	0.48%	0.03%
CTAS	B	0.18%	0.55%	0.18%
ECL	D	0.69%	0.24%	0.24%
EQR	B	0.18%	0.17%	0.17%
EXR	D	0.15%	0.19%	0.15%
FICO	B	0.05%	0.96%	0.05%
GILD	C	0.34%	1.0%	0.34%
HD	A	1.33%	1.5%	1.33%
IDXX	F	0.3%	0.67%	0.3%
ITW	B	0.58%	0.54%	0.54%
KLAC	D	0.19%	0.64%	0.19%
LIN	D	0.64%	0.52%	0.52%
LLY	F	2.63%	1.72%	1.72%
LOW	D	0.75%	1.02%	0.75%
LRCX	F	0.15%	0.67%	0.15%
MA	C	1.54%	1.48%	1.48%
MSCI	C	0.1%	0.75%	0.1%
MSFT	F	7.68%	6.3%	6.3%
NEE	D	0.11%	0.47%	0.11%
NFLX	A	1.55%	0.97%	0.97%
NUE	C	0.61%	0.18%	0.18%
NVDA	C	7.98%	7.24%	7.24%
PANW	C	0.15%	0.96%	0.15%
PGR	A	1.06%	1.0%	1.0%
PLD	D	0.63%	0.3%	0.3%
QCOM	F	0.3%	0.91%	0.3%
SHW	A	0.61%	0.3%	0.3%
SPGI	C	2.01%	0.92%	0.92%
V	A	1.44%	1.61%	1.44%
VRSK	A	1.21%	0.46%	0.46%
VRTX	F	0.2%	0.86%	0.2%
VZ	C	0.9%	0.56%	0.56%
WSM	B	0.2%	0.63%	0.2%

CVSE Overweight 137 Positions Relative to FQAL

Symbol	Grade	Weight
MRK	F	1.73%
PH	A	1.66%
ETN	A	1.42%
DIS	B	1.24%
MET	A	1.14%
CMI	A	1.11%
NOW	A	1.11%
CRM	B	1.09%
GM	B	1.04%
ICE	C	1.0%
GIS	D	0.91%
AXP	A	0.88%
TT	A	0.84%
BSX	B	0.82%
PRU	A	0.76%
CSCO	B	0.75%
AMGN	D	0.73%
TRV	B	0.72%
INTU	C	0.7%
TFC	A	0.7%
CBRE	B	0.69%
URI	B	0.68%
AWK	D	0.67%
OMC	C	0.65%
ES	D	0.64%
SCHW	B	0.62%
TGT	F	0.56%
CFG	B	0.55%
DFS	B	0.55%
HPE	B	0.55%
AMD	F	0.52%
DE	A	0.52%
ED	D	0.49%
TXN	C	0.48%
COF	B	0.47%
EMR	A	0.47%
HUM	C	0.45%
JLL	D	0.43%
CDNS	B	0.43%
BALL	D	0.4%
SJM	D	0.4%
STT	A	0.4%
NDAQ	A	0.4%
RMD	C	0.38%
TJX	A	0.37%
LULU	C	0.36%
ADSK	A	0.36%
STE	F	0.36%
EBAY	D	0.36%
MU	D	0.35%
FITB	A	0.35%
DHR	F	0.35%
MKC	D	0.34%
PYPL	B	0.32%
DRI	B	0.31%
ROK	B	0.31%
A	D	0.31%
HUBS	A	0.31%
CLX	B	0.3%
MORN	B	0.3%
ULTA	F	0.29%
EW	C	0.29%
HBAN	A	0.28%
HOLX	D	0.28%
WDAY	B	0.28%
TSCO	D	0.28%
MOS	F	0.28%
PFE	D	0.27%
HPQ	B	0.27%
PNR	A	0.26%
IPG	D	0.26%
INTC	D	0.26%
HAS	D	0.26%
ALNY	D	0.25%
NKE	D	0.25%
BBY	D	0.24%
PRI	A	0.24%
MTN	C	0.23%
DAR	C	0.23%
EL	F	0.22%
MSA	D	0.22%
SNPS	B	0.22%
EXPD	D	0.22%
BFAM	D	0.21%
MSI	B	0.21%
HIG	B	0.21%
TPR	B	0.2%
DECK	A	0.2%
DELL	C	0.19%
TROW	B	0.19%
RF	A	0.19%
FMC	D	0.18%
WAT	B	0.18%
SCI	B	0.18%
KNX	B	0.18%
DVA	B	0.17%
FIS	C	0.16%
FCN	D	0.16%
MTG	C	0.15%
AKAM	D	0.14%
XYL	D	0.14%
VTR	C	0.14%
CNM	D	0.14%
TWLO	A	0.12%
GAP	C	0.11%
G	B	0.11%
EXAS	D	0.1%
SNOW	C	0.1%
BXP	D	0.1%
REGN	F	0.1%
EA	A	0.1%
CHD	B	0.1%
RL	B	0.09%
PLNT	A	0.09%
GPC	D	0.09%
IQV	D	0.09%
TTEK	F	0.09%
SWK	D	0.09%
VRSN	F	0.08%
MAN	D	0.08%
PODD	C	0.08%
CSGP	D	0.08%
PCTY	B	0.08%
BRX	A	0.06%
DKS	C	0.06%
KEY	B	0.06%
RKT	F	0.06%
HST	C	0.05%
LITE	B	0.05%
VLTO	D	0.05%
ON	D	0.05%
CIEN	B	0.05%
FSLR	F	0.04%
RHI	B	0.04%
ETSY	D	0.03%
HXL	D	0.03%
MRNA	F	0.02%

CVSE Underweight 83 Positions Relative to FQAL

Symbol	Grade	Weight
GOOGL	C	-3.69%
META	D	-2.51%
AVGO	D	-2.0%
JNJ	D	-1.35%
BKNG	A	-1.21%
XOM	B	-1.16%
ABBV	D	-1.14%
MCD	D	-1.11%
BX	A	-1.05%
COST	B	-1.01%
PG	A	-0.98%
AMP	A	-0.92%
GRMN	B	-0.86%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CFR	B	-0.77%
MCO	B	-0.76%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
CVX	A	-0.68%
KO	D	-0.66%
KNSL	B	-0.65%
QLYS	C	-0.64%
PM	B	-0.63%
UNP	C	-0.61%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
LMT	D	-0.56%
GWW	B	-0.55%
FAST	B	-0.53%
AME	A	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
PAYX	C	-0.49%
OTIS	C	-0.45%
ODFL	B	-0.45%
MO	A	-0.44%
VST	B	-0.43%
COP	C	-0.41%
TTD	B	-0.41%
MDLZ	F	-0.38%
CL	D	-0.36%
SO	D	-0.36%
CEG	D	-0.36%
WMB	A	-0.34%
EOG	A	-0.32%
MNST	C	-0.31%
KMB	D	-0.31%
TPL	A	-0.31%
LNG	B	-0.28%
NRG	B	-0.27%
WEC	A	-0.26%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
UGI	A	-0.19%
AVB	B	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
RS	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%
GLPI	C	-0.14%