FDLO vs. FFLC ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to Fidelity Fundamental Large Cap Core ETF (FFLC)

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

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	FFLC
30 Days	0.81%	2.14%
60 Days	1.49%	3.92%
90 Days	4.05%	6.30%
12 Months	21.68%	37.29%

32 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in FFLC	Overlap
AAPL	C	7.26%	4.26%	4.26%
ABBV	D	0.98%	0.61%	0.61%
AJG	B	0.61%	0.41%	0.41%
AMT	D	0.29%	0.43%	0.29%
AMZN	C	3.92%	2.89%	2.89%
CB	C	0.72%	0.73%	0.72%
CCI	D	0.21%	0.61%	0.21%
CMCSA	B	0.95%	1.69%	0.95%
CSCO	B	1.77%	1.1%	1.1%
DOX	D	1.08%	0.53%	0.53%
ETN	A	0.72%	1.02%	0.72%
GD	F	0.49%	0.38%	0.38%
GOOGL	C	4.12%	3.2%	3.2%
HII	D	0.29%	0.29%	0.29%
KO	D	0.66%	0.94%	0.66%
LIN	D	0.53%	0.2%	0.2%
LLY	F	1.57%	1.85%	1.57%
LNG	B	0.28%	0.03%	0.03%
LOW	D	0.71%	1.06%	0.71%
MA	C	1.34%	0.85%	0.85%
MLM	B	0.19%	0.49%	0.19%
MSFT	F	6.93%	6.98%	6.93%
NOC	D	0.5%	0.25%	0.25%
ORCL	B	2.01%	0.97%	0.97%
REGN	F	0.5%	0.75%	0.5%
SO	D	0.37%	1.72%	0.37%
TMO	F	0.78%	1.18%	0.78%
TMUS	B	0.97%	0.2%	0.2%
TRV	B	0.69%	0.87%	0.69%
UNH	C	1.55%	1.72%	1.55%
V	A	1.47%	1.31%	1.31%
XOM	B	1.17%	2.88%	1.17%

FDLO Overweight 93 Positions Relative to FFLC

Symbol	Grade	Weight
BRK.A	B	2.13%
JPM	A	1.89%
ACN	C	1.6%
IBM	C	1.54%
MSI	B	1.49%
TXN	C	1.48%
ROP	B	1.21%
HD	A	1.19%
TYL	B	1.19%
JNJ	D	1.18%
VRSN	F	1.08%
AKAM	D	1.03%
PG	A	0.99%
T	A	0.99%
WMT	A	0.95%
VZ	C	0.93%
ABT	B	0.9%
MRK	F	0.88%
PGR	A	0.84%
MCD	D	0.8%
EA	A	0.72%
AMGN	D	0.71%
SBUX	A	0.7%
HON	B	0.7%
VRTX	F	0.69%
CVX	A	0.69%
CME	A	0.69%
MMC	B	0.67%
ADP	B	0.66%
TJX	A	0.65%
UNP	C	0.63%
PEP	F	0.62%
PM	B	0.62%
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%
ORLY	B	0.53%
JKHY	D	0.51%
PAYX	C	0.51%
GRMN	B	0.51%
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%
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%
GIS	D	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%
VMC	B	0.2%
CTVA	C	0.2%
PKG	A	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 55 Positions Relative to FFLC

Symbol	Grade	Weight
NVDA	C	-5.71%
META	D	-4.7%
BAC	A	-2.18%
AVGO	D	-1.98%
WFC	A	-1.82%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
EIX	B	-1.31%
CI	F	-1.23%
SAP	B	-1.15%
CEG	D	-1.06%
KVUE	A	-1.04%
PNC	B	-1.01%
KDP	D	-1.0%
INTU	C	-1.0%
TSM	B	-0.97%
USB	A	-0.94%
URI	B	-0.92%
BMY	B	-0.92%
GEV	B	-0.87%
APH	A	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
RPRX	D	-0.76%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
COST	B	-0.63%
UBER	D	-0.61%
APO	B	-0.61%
KNX	B	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	D	-0.53%
HLT	A	-0.52%
DEO	F	-0.43%
MAR	B	-0.42%
WSM	B	-0.4%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
GILD	C	-0.27%
MELI	D	-0.2%
DKS	C	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
SPG	B	-0.18%
IP	B	-0.18%
KBR	F	-0.17%
MRVL	B	-0.02%