FBCV vs. PAPI ETF Comparison

Comparison of Fidelity Blue Chip Value ETF (FBCV) to Parametric Equity Premium Income ETF (PAPI)

FBCV

Fidelity Blue Chip Value ETF

FBCV Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.00

Average Daily Volume

10,862

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$27.43

Average Daily Volume

34,067

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	FBCV	PAPI
30 Days	-0.29%	-0.81%
60 Days	1.92%	1.91%
90 Days	4.49%	3.47%
12 Months	20.08%	16.89%

21 Overlapping Holdings

Symbol	Grade	Weight in FBCV	Weight in PAPI	Overlap
CFR	B	0.21%	0.59%	0.21%
CI	D	2.77%	0.5%	0.5%
CMCSA	B	2.85%	0.55%	0.55%
CMI	A	0.41%	0.56%	0.41%
CSCO	B	2.17%	0.55%	0.55%
CTSH	C	1.35%	0.55%	0.55%
DOX	D	1.13%	0.53%	0.53%
ELV	F	1.36%	0.44%	0.44%
GILD	C	1.13%	0.56%	0.56%
JCI	B	0.76%	0.59%	0.59%
JNJ	D	1.78%	0.49%	0.49%
KDP	D	1.2%	0.48%	0.48%
KO	D	1.38%	0.46%	0.46%
LHX	B	0.64%	0.55%	0.55%
MRK	F	0.87%	0.47%	0.47%
PG	C	1.26%	0.51%	0.51%
SO	C	0.38%	0.5%	0.38%
SRE	A	0.83%	0.57%	0.57%
TRV	A	2.81%	0.56%	0.56%
UNH	C	2.81%	0.57%	0.57%
XOM	B	4.38%	0.52%	0.52%

FBCV Overweight 62 Positions Relative to PAPI

Symbol	Grade	Weight
JPM	A	3.47%
BRK.A	B	2.65%
PCG	A	2.45%
DIS	B	2.37%
BAC	A	2.36%
CNC	F	2.14%
DE	C	2.03%
KVUE	A	1.98%
AZN	F	1.83%
CB	C	1.75%
BMY	A	1.7%
HRB	D	1.7%
WFC	A	1.64%
EIX	C	1.5%
NOC	D	1.38%
GEN	B	1.35%
PNC	B	1.33%
CVS	F	1.27%
LMT	D	1.24%
WTW	B	1.23%
NGG	D	1.11%
PNR	B	1.1%
LOW	C	1.06%
USFD	A	1.0%
CF	A	0.99%
HLN	C	0.98%
ROST	D	0.97%
MTB	A	0.96%
FDX	B	0.91%
USB	B	0.87%
NTRS	A	0.86%
APO	A	0.77%
CCI	C	0.76%
CCEP	D	0.74%
MDLZ	F	0.74%
CCK	D	0.73%
TSN	B	0.72%
RRX	B	0.69%
NEE	C	0.67%
EQNR	D	0.66%
BJ	B	0.63%
DEO	F	0.62%
MMS	D	0.59%
AES	F	0.56%
MU	D	0.5%
OXY	F	0.49%
SPG	A	0.45%
MUSA	B	0.39%
CHRW	B	0.38%
G	B	0.32%
TPR	B	0.31%
ALSN	B	0.3%
SNY	F	0.3%
OVV	C	0.28%
OTEX	F	0.28%
GEV	A	0.26%
BNTX	C	0.26%
OSK	C	0.16%
NXPI	F	0.15%
AVGO	C	0.14%
AR	B	0.12%
ULTA	F	0.1%

FBCV Underweight 168 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	B	-0.66%
SNA	B	-0.64%
BKR	B	-0.63%
IP	A	-0.63%
IDCC	B	-0.63%
DTM	A	-0.61%
EMR	A	-0.61%
PINC	B	-0.61%
IDA	A	-0.6%
FOXA	B	-0.59%
RHI	C	-0.59%
PB	A	-0.59%
UNM	A	-0.59%
EA	A	-0.59%
LH	B	-0.59%
FOX	A	-0.59%
OKE	A	-0.59%
CINF	A	-0.58%
RS	B	-0.58%
CAH	B	-0.58%
JHG	B	-0.58%
TAP	B	-0.58%
WMB	A	-0.58%
INGR	B	-0.58%
TXRH	B	-0.57%
WSO	A	-0.57%
PKG	B	-0.57%
MSM	D	-0.57%
MO	A	-0.57%
DGX	A	-0.57%
KMI	A	-0.57%
OGE	A	-0.56%
TROW	B	-0.56%
ADP	B	-0.56%
MTN	C	-0.56%
TXN	C	-0.56%
CTRA	B	-0.56%
AFG	A	-0.56%
SYK	A	-0.56%
RF	A	-0.56%
XEL	A	-0.56%
FAST	B	-0.56%
AEE	A	-0.55%
ATR	B	-0.55%
PAYX	B	-0.55%
HPE	B	-0.55%
HP	C	-0.55%
EVRG	A	-0.55%
CVX	A	-0.55%
EOG	A	-0.55%
COST	A	-0.55%
GLW	B	-0.55%
COR	B	-0.55%
DCI	B	-0.55%
COP	B	-0.55%
WHR	B	-0.55%
ATO	A	-0.54%
GNTX	F	-0.54%
PPL	A	-0.54%
PAG	B	-0.54%
T	A	-0.54%
TJX	A	-0.54%
GGG	B	-0.54%
GD	D	-0.54%
BMI	C	-0.54%
DRI	C	-0.54%
WMT	A	-0.54%
PM	A	-0.54%
OXM	F	-0.53%
HPQ	B	-0.53%
CHRD	F	-0.53%
POWI	D	-0.53%
COLM	B	-0.53%
AM	A	-0.53%
ROP	C	-0.53%
VLO	C	-0.53%
CHD	A	-0.53%
MSFT	D	-0.53%
OGS	A	-0.53%
ORI	A	-0.53%
MDT	D	-0.52%
OMC	C	-0.52%
NFG	A	-0.52%
CALM	A	-0.52%
ABT	A	-0.52%
PRU	B	-0.52%
WEC	A	-0.52%
MOS	D	-0.52%
NYT	D	-0.52%
DLB	F	-0.52%
CME	A	-0.52%
PEG	C	-0.51%
LNT	A	-0.51%
BDX	F	-0.51%
DINO	D	-0.51%
DD	D	-0.51%
PSX	C	-0.51%
ADI	D	-0.51%
ACN	C	-0.51%
HIG	B	-0.51%
POR	C	-0.51%
CTVA	C	-0.51%
FNF	A	-0.51%
HRL	D	-0.51%
LKQ	F	-0.51%
AVT	C	-0.51%
EXPD	D	-0.51%
SNX	D	-0.51%
RTX	D	-0.51%
D	C	-0.5%
DVN	F	-0.5%
PEP	F	-0.5%
CCOI	B	-0.5%
FE	C	-0.5%
AFL	C	-0.5%
APD	A	-0.5%
QCOM	F	-0.5%
JKHY	D	-0.5%
MTG	D	-0.5%
PFG	C	-0.5%
UPS	C	-0.5%
RGLD	C	-0.5%
EMN	D	-0.49%
LEA	F	-0.49%
FLO	D	-0.49%
CHE	F	-0.49%
CAG	F	-0.49%
DUK	C	-0.49%
SON	F	-0.49%
LIN	D	-0.49%
KMB	C	-0.48%
LYB	F	-0.48%
AOS	F	-0.48%
ED	C	-0.48%
IPG	F	-0.48%
PPG	F	-0.48%
AEP	C	-0.48%
BG	D	-0.48%
WEN	C	-0.48%
VZ	C	-0.48%
SHOO	D	-0.48%
RPRX	F	-0.48%
ESNT	D	-0.47%
AMCR	D	-0.47%
HAS	D	-0.47%
SWKS	F	-0.47%
FMC	D	-0.47%
KHC	F	-0.47%
DHR	D	-0.47%
WU	F	-0.47%
BBY	D	-0.47%
ABBV	F	-0.47%
IBM	C	-0.47%
ADM	D	-0.46%
ASH	F	-0.46%
LEN	D	-0.46%
PFE	F	-0.46%
DOW	F	-0.45%
MAN	F	-0.45%
INSW	F	-0.45%
GPC	F	-0.45%
HUN	F	-0.44%
PII	F	-0.42%
CVI	D	-0.41%
HII	F	-0.41%
CRI	F	-0.4%
NEM	D	-0.39%
SCCO	F	-0.0%