FDLO vs. FVAL ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to Fidelity Value Factor ETF (FVAL)

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

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	FVAL
30 Days	0.81%	3.33%
60 Days	1.49%	5.59%
90 Days	4.05%	6.82%
12 Months	21.68%	28.35%

35 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in FVAL	Overlap
AAPL	C	7.26%	6.68%	6.68%
ABBV	D	0.98%	1.11%	0.98%
ACN	C	1.6%	1.15%	1.15%
ADP	B	0.66%	0.64%	0.64%
AEP	D	0.28%	0.26%	0.26%
AMZN	C	3.92%	3.88%	3.88%
BRK.A	B	2.13%	2.07%	2.07%
CMCSA	B	0.95%	0.61%	0.61%
COP	C	0.41%	0.4%	0.4%
CVX	A	0.69%	0.67%	0.67%
DUK	C	0.35%	0.34%	0.34%
EOG	A	0.32%	0.31%	0.31%
GOOGL	C	4.12%	3.72%	3.72%
HD	A	1.19%	1.22%	1.19%
HON	B	0.7%	0.68%	0.68%
IBM	C	1.54%	1.09%	1.09%
JNJ	D	1.18%	1.31%	1.18%
JPM	A	1.89%	1.84%	1.84%
KMB	D	0.3%	0.41%	0.3%
LIN	D	0.53%	0.53%	0.53%
LMT	D	0.58%	0.56%	0.56%
MCD	D	0.8%	0.84%	0.8%
MRK	F	0.88%	1.01%	0.88%
MSFT	F	6.93%	6.37%	6.37%
O	D	0.22%	0.23%	0.22%
PG	A	0.99%	1.08%	0.99%
PSA	D	0.25%	0.25%	0.25%
T	A	0.99%	0.62%	0.62%
TRV	B	0.69%	0.68%	0.68%
UNH	C	1.55%	1.69%	1.55%
UNP	C	0.63%	0.61%	0.61%
V	A	1.47%	1.44%	1.44%
VZ	C	0.93%	0.61%	0.61%
WMT	A	0.95%	1.07%	0.95%
XOM	B	1.17%	1.14%	1.14%

FDLO Overweight 90 Positions Relative to FVAL

Symbol	Grade	Weight
ORCL	B	2.01%
CSCO	B	1.77%
LLY	F	1.57%
MSI	B	1.49%
TXN	C	1.48%
MA	C	1.34%
ROP	B	1.21%
TYL	B	1.19%
VRSN	F	1.08%
DOX	D	1.08%
AKAM	D	1.03%
TMUS	B	0.97%
ABT	B	0.9%
PGR	A	0.84%
TMO	F	0.78%
EA	A	0.72%
CB	C	0.72%
ETN	A	0.72%
LOW	D	0.71%
AMGN	D	0.71%
SBUX	A	0.7%
VRTX	F	0.69%
CME	A	0.69%
MMC	B	0.67%
KO	D	0.66%
TJX	A	0.65%
PEP	F	0.62%
PM	B	0.62%
AJG	B	0.61%
AIZ	A	0.61%
BDX	F	0.6%
FDS	B	0.59%
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%
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%
J	F	0.39%
SO	D	0.37%
MDLZ	F	0.37%
CL	D	0.35%
WMB	A	0.34%
FCN	D	0.34%
EQIX	A	0.31%
XEL	A	0.3%
SHW	A	0.3%
KMI	A	0.3%
HII	D	0.29%
AMT	D	0.29%
GIS	D	0.28%
LNG	B	0.28%
WEC	A	0.27%
APD	A	0.27%
AEE	A	0.26%
DLR	B	0.26%
ED	D	0.25%
CMS	C	0.24%
HSY	F	0.24%
ECL	D	0.24%
DTM	B	0.23%
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 FVAL

Symbol	Grade	Weight
NVDA	C	-7.33%
META	D	-2.55%
CRM	B	-1.46%
BAC	A	-1.13%
WFC	A	-1.08%
QCOM	F	-1.0%
BMY	B	-0.98%
ZM	B	-0.98%
GILD	C	-0.97%
BKNG	A	-0.87%
MU	D	-0.85%
UAL	A	-0.84%
AXP	A	-0.83%
CI	F	-0.81%
HPE	B	-0.81%
INTC	D	-0.77%
CAT	B	-0.77%
CTSH	B	-0.76%
C	A	-0.74%
COF	B	-0.72%
CVS	D	-0.71%
DFS	B	-0.68%
SYF	B	-0.67%
ELV	F	-0.67%
GM	B	-0.67%
EXPE	B	-0.66%
DAL	C	-0.64%
RPRX	D	-0.61%
DE	A	-0.59%
SWKS	F	-0.56%
JXN	C	-0.56%
PRU	A	-0.56%
LVS	C	-0.55%
UPS	C	-0.55%
MO	A	-0.55%
CNC	D	-0.54%
RNR	C	-0.54%
PCAR	B	-0.53%
KVUE	A	-0.52%
CMI	A	-0.52%
F	C	-0.51%
OZK	B	-0.51%
EBAY	D	-0.51%
EG	C	-0.5%
WYNN	D	-0.5%
MMM	D	-0.5%
G	B	-0.49%
TGT	F	-0.48%
FDX	B	-0.48%
NEE	D	-0.46%
RHI	B	-0.44%
KR	B	-0.43%
OC	A	-0.42%
M	D	-0.39%
AGCO	D	-0.38%
ADM	D	-0.35%
ACI	C	-0.34%
PLD	D	-0.32%
BG	F	-0.32%
PCG	A	-0.29%
PARA	C	-0.28%
SPG	B	-0.27%
EXC	C	-0.26%
ATKR	C	-0.26%
NRG	B	-0.26%
FCX	D	-0.24%
MPC	D	-0.24%
CBRE	B	-0.23%
VLO	C	-0.22%
NFG	A	-0.2%
VICI	C	-0.2%
NUE	C	-0.19%
NEM	D	-0.19%
BXP	D	-0.18%
DVN	F	-0.18%
CF	B	-0.18%
STLD	B	-0.18%
UGI	A	-0.18%
HST	C	-0.17%
JLL	D	-0.17%
WPC	D	-0.16%
ARE	D	-0.16%
GLPI	C	-0.16%
DOW	F	-0.16%
LYB	F	-0.15%
CIVI	D	-0.13%
MOS	F	-0.13%
MUR	D	-0.13%
CLF	F	-0.11%