FDLO vs. EFIV ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to SPDR S&P 500 ESG ETF (EFIV)

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

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.77

Average Daily Volume

109,257

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	EFIV
30 Days	0.81%	2.81%
60 Days	1.49%	4.79%
90 Days	4.05%	5.59%
12 Months	21.68%	30.64%

71 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in EFIV	Overlap
AAPL	C	7.26%	9.53%	7.26%
ABBV	D	0.98%	0.84%	0.84%
ABT	B	0.9%	0.56%	0.56%
ACN	C	1.6%	0.65%	0.65%
ADP	B	0.66%	0.35%	0.35%
AIZ	A	0.61%	0.03%	0.03%
AJG	B	0.61%	0.18%	0.18%
AKAM	D	1.03%	0.04%	0.04%
AMCR	D	0.15%	0.04%	0.04%
AMGN	D	0.71%	0.45%	0.45%
AMT	D	0.29%	0.25%	0.25%
APD	A	0.27%	0.19%	0.19%
AVY	D	0.14%	0.05%	0.05%
BDX	F	0.6%	0.19%	0.19%
CB	C	0.72%	0.3%	0.3%
CBOE	B	0.55%	0.06%	0.06%
CL	D	0.35%	0.21%	0.21%
CMCSA	B	0.95%	0.47%	0.47%
CME	A	0.69%	0.23%	0.23%
CSCO	B	1.77%	0.66%	0.66%
CSGP	D	0.18%	0.09%	0.09%
CTVA	C	0.2%	0.11%	0.11%
CVX	A	0.69%	0.75%	0.69%
DLR	B	0.26%	0.15%	0.15%
EA	A	0.72%	0.11%	0.11%
ECL	D	0.24%	0.18%	0.18%
ED	D	0.25%	0.09%	0.09%
EQIX	A	0.31%	0.24%	0.24%
EQR	B	0.18%	0.07%	0.07%
ETN	A	0.72%	0.41%	0.41%
FDS	B	0.59%	0.05%	0.05%
GIS	D	0.28%	0.1%	0.1%
GOOGL	C	4.12%	2.92%	2.92%
HD	A	1.19%	1.13%	1.13%
HSY	F	0.24%	0.08%	0.08%
ITW	B	0.56%	0.21%	0.21%
JKHY	D	0.51%	0.04%	0.04%
JPM	A	1.89%	1.91%	1.89%
KMI	A	0.3%	0.14%	0.14%
KO	D	0.66%	0.68%	0.66%
LIN	D	0.53%	0.61%	0.53%
LLY	F	1.57%	1.79%	1.57%
LOW	D	0.71%	0.43%	0.43%
MA	C	1.34%	1.2%	1.2%
MCD	D	0.8%	0.59%	0.59%
MDLZ	F	0.37%	0.25%	0.25%
MMC	B	0.67%	0.31%	0.31%
MRK	F	0.88%	0.7%	0.7%
MSFT	F	6.93%	8.8%	6.93%
NKE	D	0.56%	0.26%	0.26%
OTIS	C	0.47%	0.11%	0.11%
PAYX	C	0.51%	0.13%	0.13%
PEP	F	0.62%	0.63%	0.62%
PG	A	0.99%	1.09%	0.99%
PSA	D	0.25%	0.15%	0.15%
REGN	F	0.5%	0.24%	0.24%
RSG	A	0.47%	0.12%	0.12%
SBUX	A	0.7%	0.32%	0.32%
SHW	A	0.3%	0.25%	0.25%
T	A	0.99%	0.45%	0.45%
TJX	A	0.65%	0.38%	0.38%
TMUS	B	0.97%	0.33%	0.33%
TRV	B	0.69%	0.16%	0.16%
TSCO	D	0.46%	0.08%	0.08%
UNH	C	1.55%	1.56%	1.55%
UNP	C	0.63%	0.41%	0.41%
V	A	1.47%	1.44%	1.44%
WM	A	0.55%	0.23%	0.23%
WMB	A	0.34%	0.19%	0.19%
WMT	A	0.95%	1.03%	0.95%
XOM	B	1.17%	1.5%	1.17%

FDLO Overweight 54 Positions Relative to EFIV

Symbol	Grade	Weight
AMZN	C	3.92%
BRK.A	B	2.13%
ORCL	B	2.01%
IBM	C	1.54%
MSI	B	1.49%
TXN	C	1.48%
ROP	B	1.21%
TYL	B	1.19%
JNJ	D	1.18%
VRSN	F	1.08%
DOX	D	1.08%
VZ	C	0.93%
PGR	A	0.84%
TMO	F	0.78%
HON	B	0.7%
VRTX	F	0.69%
PM	B	0.62%
LMT	D	0.58%
WRB	A	0.56%
FAST	B	0.54%
ORLY	B	0.53%
GRMN	B	0.51%
NOC	D	0.5%
GD	F	0.49%
LHX	C	0.49%
AZO	C	0.47%
ERIE	D	0.45%
BAH	F	0.43%
COP	C	0.41%
J	F	0.39%
SO	D	0.37%
DUK	C	0.35%
FCN	D	0.34%
EOG	A	0.32%
XEL	A	0.3%
KMB	D	0.3%
HII	D	0.29%
LNG	B	0.28%
AEP	D	0.28%
WEC	A	0.27%
AEE	A	0.26%
CMS	C	0.24%
DTM	B	0.23%
O	D	0.22%
CCI	D	0.21%
VMC	B	0.2%
PKG	A	0.19%
MLM	B	0.19%
CTRA	B	0.19%
MAA	B	0.18%
ADC	B	0.16%
AMH	D	0.16%
ELS	C	0.16%
ATR	B	0.16%

FDLO Underweight 242 Positions Relative to EFIV

Symbol	Grade	Weight
NVDA	C	-10.02%
TSLA	B	-2.55%
GOOG	C	-2.42%
COST	B	-1.15%
CRM	B	-0.92%
BAC	A	-0.86%
ADBE	C	-0.66%
AMD	F	-0.63%
GE	D	-0.55%
DIS	B	-0.52%
CAT	B	-0.52%
GS	A	-0.52%
QCOM	F	-0.5%
MS	A	-0.46%
AXP	A	-0.45%
SPGI	C	-0.45%
DHR	F	-0.43%
UBER	D	-0.42%
AMAT	F	-0.42%
NEE	D	-0.42%
BLK	C	-0.4%
C	A	-0.37%
SYK	C	-0.37%
BSX	B	-0.36%
FI	A	-0.34%
SCHW	B	-0.33%
BMY	B	-0.33%
GILD	C	-0.32%
MU	D	-0.31%
MDT	D	-0.31%
INTC	D	-0.3%
PLD	D	-0.3%
DE	A	-0.28%
ELV	F	-0.27%
LRCX	F	-0.27%
UPS	C	-0.27%
CI	F	-0.26%
TT	A	-0.26%
PYPL	B	-0.25%
ICE	C	-0.25%
PH	A	-0.25%
KLAC	D	-0.24%
CMG	B	-0.23%
PNC	B	-0.23%
AON	A	-0.23%
WELL	A	-0.22%
USB	A	-0.22%
ZTS	D	-0.22%
EMR	A	-0.21%
MCO	B	-0.21%
CTAS	B	-0.21%
CSX	B	-0.2%
COF	B	-0.2%
TGT	F	-0.2%
MAR	B	-0.19%
ADSK	A	-0.19%
CVS	D	-0.19%
OKE	A	-0.18%
CARR	D	-0.18%
GM	B	-0.18%
NSC	B	-0.17%
PCAR	B	-0.17%
SLB	C	-0.17%
FCX	D	-0.17%
HLT	A	-0.17%
TFC	A	-0.17%
AFL	B	-0.16%
BK	A	-0.16%
JCI	C	-0.16%
URI	B	-0.16%
SRE	A	-0.16%
ALL	A	-0.15%
GWW	B	-0.15%
MPC	D	-0.15%
PSX	C	-0.15%
AMP	A	-0.15%
RCL	A	-0.15%
FIS	C	-0.14%
MSCI	C	-0.14%
AIG	B	-0.14%
CMI	A	-0.14%
AME	A	-0.13%
ROST	C	-0.13%
NEM	D	-0.13%
DHI	D	-0.13%
MET	A	-0.13%
PWR	A	-0.13%
DAL	C	-0.12%
IR	B	-0.12%
TRGP	B	-0.12%
BKR	B	-0.12%
PEG	A	-0.12%
COR	B	-0.12%
AXON	A	-0.12%
DFS	B	-0.12%
VLO	C	-0.12%
PRU	A	-0.12%
SYY	B	-0.11%
KDP	D	-0.11%
ACGL	D	-0.11%
YUM	B	-0.11%
EXC	C	-0.11%
A	D	-0.11%
KR	B	-0.11%
HES	B	-0.11%
EW	C	-0.11%
CBRE	B	-0.11%
VRSK	A	-0.11%
HIG	B	-0.1%
OXY	D	-0.1%
RMD	C	-0.1%
WAB	B	-0.1%
EXR	D	-0.1%
HUM	C	-0.1%
MTB	A	-0.1%
IDXX	F	-0.1%
HPQ	B	-0.1%
LULU	C	-0.1%
CNC	D	-0.09%
CAH	B	-0.09%
DOW	F	-0.09%
ETR	B	-0.09%
EIX	B	-0.09%
FITB	A	-0.09%
WTW	B	-0.09%
ROK	B	-0.09%
AVB	B	-0.09%
NDAQ	A	-0.09%
FANG	D	-0.09%
IRM	D	-0.09%
DECK	A	-0.08%
DOV	A	-0.08%
KHC	F	-0.08%
STT	A	-0.08%
HPE	B	-0.08%
PPG	F	-0.08%
ON	D	-0.08%
TTWO	A	-0.08%
GPN	B	-0.08%
RJF	A	-0.08%
XYL	D	-0.08%
EBAY	D	-0.08%
RF	A	-0.07%
HUBB	B	-0.07%
BIIB	F	-0.07%
DVN	F	-0.07%
CCL	B	-0.07%
ADM	D	-0.07%
SW	A	-0.07%
HBAN	A	-0.07%
SYF	B	-0.07%
EQT	B	-0.07%
MTD	D	-0.07%
AWK	D	-0.07%
CPAY	A	-0.07%
PHM	D	-0.07%
BR	A	-0.07%
TROW	B	-0.07%
HAL	C	-0.07%
VTR	C	-0.07%
FTV	C	-0.07%
OMC	C	-0.06%
WDC	D	-0.06%
CFG	B	-0.06%
NTRS	A	-0.06%
LYB	F	-0.06%
ES	D	-0.06%
K	A	-0.06%
ZBH	C	-0.06%
WY	D	-0.06%
EXPE	B	-0.06%
IFF	D	-0.06%
WAT	B	-0.06%
SBAC	D	-0.06%
KIM	A	-0.05%
BAX	D	-0.05%
ARE	D	-0.05%
GPC	D	-0.05%
MAS	D	-0.05%
LVS	C	-0.05%
PNR	A	-0.05%
KEY	B	-0.05%
IEX	B	-0.05%
BBY	D	-0.05%
TSN	B	-0.05%
DGX	A	-0.05%
HOLX	D	-0.05%
PFG	D	-0.05%
ULTA	F	-0.05%
BALL	D	-0.05%
MKC	D	-0.05%
ALB	C	-0.04%
INCY	C	-0.04%
POOL	C	-0.04%
CHRW	C	-0.04%
SWK	D	-0.04%
CAG	D	-0.04%
UDR	B	-0.04%
MRNA	F	-0.04%
EL	F	-0.04%
RVTY	F	-0.04%
APTV	D	-0.04%
JBHT	C	-0.04%
DOC	D	-0.04%
CF	B	-0.04%
EG	C	-0.04%
TFX	F	-0.03%
GL	B	-0.03%
MKTX	D	-0.03%
LKQ	D	-0.03%
NWSA	B	-0.03%
CRL	C	-0.03%
IPG	D	-0.03%
TAP	C	-0.03%
LW	C	-0.03%
BXP	D	-0.03%
SJM	D	-0.03%
TPR	B	-0.03%
NCLH	B	-0.03%
REG	B	-0.03%
KMX	B	-0.03%
ALLE	D	-0.03%
DAY	B	-0.03%
HST	C	-0.03%
WBA	F	-0.02%
PARA	C	-0.02%
BEN	C	-0.02%
FMC	D	-0.02%
DVA	B	-0.02%
MHK	D	-0.02%
BWA	D	-0.02%
IVZ	B	-0.02%
WYNN	D	-0.02%
RL	B	-0.02%
HAS	D	-0.02%
MOS	F	-0.02%
CZR	F	-0.02%
FRT	B	-0.02%
CPB	D	-0.02%
MGM	D	-0.02%
HRL	D	-0.02%
NWS	B	-0.01%