FDLO vs. AVLC ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to Avantis U.S. Large Cap Equity ETF (AVLC)

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

AVLC

Avantis U.S. Large Cap Equity ETF

AVLC Description

The fund invests primarily in a diverse group of U.S. companies across market sectors and industry groups. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of companies with lower levels of profitability and less attractive value characteristics

Grade (RS Rating)

Last Trade

$65.55

Average Daily Volume

29,659

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	AVLC
30 Days	2.37%	1.75%
60 Days	4.46%	2.37%
90 Days	6.74%	4.11%
12 Months	25.15%

6 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in AVLC	Overlap
AAPL	C	7.33%	5.62%	5.62%
AMZN	C	3.64%	2.75%	2.75%
GOOGL	D	3.68%	1.6%	1.6%
JPM	D	1.63%	1.2%	1.2%
MSFT	C	7.19%	4.65%	4.65%
XOM	D	1.1%	1.09%	1.09%

FDLO Overweight 119 Positions Relative to AVLC

Symbol	Grade	Weight
BRK.A	C	2.09%
LLY	C	1.98%
ORCL	B	1.76%
ACN	C	1.61%
IBM	A	1.6%
UNH	C	1.57%
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%
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%

FDLO Underweight 4 Positions Relative to AVLC

Symbol	Grade	Weight
NVDA	D	-4.26%
META	A	-2.26%
GOOG	D	-1.34%
AVGO	C	-1.12%