FDLO vs. DFNV ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV)

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

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$36.88

Average Daily Volume

20,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	DFNV
30 Days	0.81%	8.65%
60 Days	1.49%	10.44%
90 Days	4.05%	13.41%
12 Months	21.68%	40.91%

10 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in DFNV	Overlap
AAPL	C	7.26%	7.79%	7.26%
ABBV	D	0.98%	2.59%	0.98%
AMGN	D	0.71%	1.6%	0.71%
AMZN	C	3.92%	0.2%	0.2%
EA	A	0.72%	1.09%	0.72%
IBM	C	1.54%	2.04%	1.54%
JKHY	D	0.51%	0.51%	0.51%
JNJ	D	1.18%	2.45%	1.18%
MSI	B	1.49%	1.52%	1.49%
VRSN	F	1.08%	0.57%	0.57%

FDLO Overweight 115 Positions Relative to DFNV

Symbol	Grade	Weight
MSFT	F	6.93%
GOOGL	C	4.12%
BRK.A	B	2.13%
ORCL	B	2.01%
JPM	A	1.89%
CSCO	B	1.77%
ACN	C	1.6%
LLY	F	1.57%
UNH	C	1.55%
TXN	C	1.48%
V	A	1.47%
MA	C	1.34%
ROP	B	1.21%
HD	A	1.19%
TYL	C	1.19%
XOM	B	1.17%
DOX	D	1.08%
AKAM	D	1.03%
PG	A	0.99%
T	A	0.99%
TMUS	B	0.97%
CMCSA	B	0.95%
WMT	A	0.95%
VZ	C	0.93%
ABT	B	0.9%
MRK	F	0.88%
PGR	A	0.84%
MCD	D	0.8%
TMO	F	0.78%
CB	C	0.72%
ETN	A	0.72%
LOW	D	0.71%
SBUX	A	0.7%
HON	B	0.7%
VRTX	F	0.69%
CVX	A	0.69%
TRV	B	0.69%
CME	A	0.69%
MMC	B	0.67%
ADP	B	0.66%
KO	D	0.66%
TJX	A	0.65%
UNP	C	0.63%
PEP	F	0.62%
PM	B	0.62%
AJG	B	0.61%
AIZ	A	0.61%
BDX	F	0.6%
FDS	B	0.59%
LMT	D	0.58%
ITW	B	0.56%
WRB	A	0.56%
NKE	D	0.56%
WM	A	0.55%
CBOE	B	0.55%
FAST	B	0.54%
LIN	D	0.53%
ORLY	B	0.53%
PAYX	C	0.51%
GRMN	B	0.51%
REGN	F	0.5%
NOC	D	0.5%
GD	F	0.49%
LHX	C	0.49%
OTIS	C	0.47%
AZO	C	0.47%
RSG	A	0.47%
TSCO	D	0.46%
ERIE	D	0.45%
BAH	F	0.43%
COP	C	0.41%
J	F	0.39%
SO	D	0.37%
MDLZ	F	0.37%
CL	D	0.35%
DUK	C	0.35%
WMB	A	0.34%
FCN	D	0.34%
EOG	A	0.32%
EQIX	A	0.31%
XEL	A	0.3%
SHW	A	0.3%
KMB	D	0.3%
KMI	A	0.3%
HII	D	0.29%
AMT	D	0.29%
GIS	D	0.28%
LNG	B	0.28%
AEP	D	0.28%
WEC	A	0.27%
APD	A	0.27%
AEE	A	0.26%
DLR	B	0.26%
PSA	D	0.25%
ED	D	0.25%
CMS	C	0.24%
HSY	F	0.24%
ECL	D	0.24%
DTM	B	0.23%
O	D	0.22%
CCI	D	0.21%
VMC	B	0.2%
CTVA	C	0.2%
PKG	A	0.19%
MLM	B	0.19%
CTRA	B	0.19%
CSGP	D	0.18%
MAA	B	0.18%
EQR	B	0.18%
ADC	B	0.16%
AMH	D	0.16%
ELS	C	0.16%
ATR	B	0.16%
AMCR	D	0.15%
AVY	D	0.14%

FDLO Underweight 89 Positions Relative to DFNV

Symbol	Grade	Weight
AVGO	D	-4.14%
CRM	B	-2.93%
NOW	A	-2.72%
APP	B	-2.69%
ADBE	C	-2.35%
PLTR	B	-2.33%
INTU	C	-2.3%
QCOM	F	-2.14%
BMY	B	-1.99%
PANW	C	-1.96%
GILD	C	-1.91%
UBER	D	-1.83%
SPOT	B	-1.8%
CRWD	B	-1.7%
FTNT	C	-1.58%
ANET	C	-1.58%
DASH	A	-1.53%
TEAM	A	-1.38%
PYPL	B	-1.37%
TTD	B	-1.24%
MMM	D	-1.24%
ADSK	A	-1.24%
VRT	B	-1.22%
SNOW	C	-1.17%
WDAY	B	-1.17%
DDOG	A	-1.14%
VEEV	C	-1.04%
RBLX	C	-1.0%
ZS	C	-0.98%
UI	A	-0.97%
EXPE	B	-0.83%
NTAP	C	-0.81%
DOCU	A	-0.81%
ZM	B	-0.8%
MCHP	F	-0.79%
NTNX	A	-0.78%
RMD	C	-0.77%
PTC	A	-0.76%
MANH	D	-0.75%
DUOL	A	-0.72%
PINS	D	-0.7%
PSTG	D	-0.68%
GEN	B	-0.68%
DT	C	-0.66%
FFIV	B	-0.6%
PCTY	B	-0.59%
PEGA	A	-0.54%
NBIX	C	-0.53%
GNRC	B	-0.5%
SWKS	F	-0.5%
SMAR	A	-0.5%
SOLV	C	-0.49%
CVLT	B	-0.48%
DBX	B	-0.48%
LYFT	C	-0.48%
HAS	D	-0.44%
JAZZ	B	-0.44%
ETSY	D	-0.42%
NYT	C	-0.4%
PATH	C	-0.4%
MTCH	D	-0.4%
ALTR	B	-0.4%
QLYS	C	-0.39%
HALO	F	-0.38%
TENB	C	-0.36%
PI	D	-0.36%
BOX	B	-0.36%
MAT	D	-0.36%
CWAN	B	-0.33%
CRUS	D	-0.32%
ENPH	F	-0.3%
ALKS	B	-0.3%
QRVO	F	-0.29%
BL	B	-0.28%
IGT	F	-0.25%
ZETA	D	-0.24%
VERX	B	-0.23%
RNG	B	-0.22%
PLTK	B	-0.22%
PRGS	A	-0.21%
ALRM	C	-0.21%
ACAD	D	-0.2%
TDC	D	-0.2%
RPD	C	-0.19%
YELP	C	-0.18%
FLNC	C	-0.18%
YOU	D	-0.17%
PTGX	C	-0.17%
CMPR	D	-0.15%