FDLO vs. FVD ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to First Trust VL Dividend (FVD)

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

$61.02

Average Daily Volume

90,831

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$45.07

Average Daily Volume

685,588

Number of Holdings ^*

193

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	FVD
30 Days	2.09%	1.41%
60 Days	8.58%	7.62%
90 Days	6.14%	11.68%
12 Months	27.76%	25.55%

70 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in FVD	Overlap
ABBV	C	1.16%	0.48%	0.48%
ABT	C	0.88%	0.47%	0.47%
ACN	B	1.58%	0.51%	0.51%
ADP	A	0.6%	0.48%	0.48%
AEE	A	0.25%	0.48%	0.25%
AEP	C	0.3%	0.47%	0.3%
AIZ	B	0.56%	0.48%	0.48%
AMGN	D	0.81%	0.46%	0.46%
APD	C	0.26%	0.49%	0.26%
AVY	D	0.16%	0.5%	0.16%
BAH	C	0.46%	0.48%	0.46%
BDX	C	0.64%	0.49%	0.49%
CB	A	0.73%	0.48%	0.48%
CL	D	0.39%	0.48%	0.39%
CMCSA	B	0.92%	0.49%	0.49%
CME	A	0.67%	0.49%	0.49%
CMS	A	0.24%	0.48%	0.24%
CSCO	A	1.63%	0.49%	0.49%
CVX	B	0.62%	0.46%	0.46%
DOX	B	1.14%	0.49%	0.49%
DTM	A	0.18%	0.48%	0.18%
DUK	C	0.37%	0.47%	0.37%
ED	C	0.27%	0.48%	0.27%
EQIX	C	0.3%	0.48%	0.3%
FAST	C	0.47%	0.48%	0.47%
GD	C	0.51%	0.47%	0.47%
GIS	C	0.33%	0.48%	0.33%
GRMN	D	0.43%	0.48%	0.43%
HD	A	1.17%	0.49%	0.49%
HII	F	0.39%	0.47%	0.39%
HON	C	0.64%	0.49%	0.49%
HSY	D	0.27%	0.47%	0.27%
IBM	A	1.66%	0.49%	0.49%
ITW	C	0.54%	0.49%	0.49%
JKHY	A	0.52%	0.48%	0.48%
JNJ	D	1.24%	0.48%	0.48%
JPM	C	1.62%	0.48%	0.48%
KMB	D	0.32%	0.49%	0.32%
KO	C	0.76%	0.48%	0.48%
LHX	A	0.47%	0.47%	0.47%
LMT	A	0.63%	0.48%	0.48%
LOW	C	0.7%	0.49%	0.49%
MCD	A	0.84%	0.49%	0.49%
MDLZ	D	0.43%	0.48%	0.43%
MMC	D	0.68%	0.48%	0.48%
MRK	F	1.04%	0.47%	0.47%
NKE	D	0.66%	0.5%	0.5%
NOC	B	0.54%	0.47%	0.47%
OTIS	A	0.49%	0.52%	0.49%
PAYX	B	0.47%	0.48%	0.47%
PEP	F	0.66%	0.48%	0.48%
PG	D	1.01%	0.48%	0.48%
PKG	B	0.17%	0.48%	0.17%
PM	D	0.59%	0.48%	0.48%
PSA	C	0.26%	0.47%	0.26%
SBUX	B	0.69%	0.49%	0.49%
SO	A	0.38%	0.47%	0.38%
T	B	0.96%	0.49%	0.49%
TJX	D	0.64%	0.49%	0.49%
TMUS	A	0.85%	0.48%	0.48%
TRV	B	0.63%	0.48%	0.48%
TSCO	A	0.47%	0.5%	0.47%
TXN	C	1.55%	0.49%	0.49%
UNH	B	1.52%	0.48%	0.48%
UNP	F	0.66%	0.48%	0.48%
VZ	C	1.01%	0.49%	0.49%
WEC	B	0.26%	0.48%	0.26%
WM	B	0.52%	0.48%	0.48%
XEL	C	0.28%	0.48%	0.28%
XOM	A	1.14%	0.46%	0.46%

FDLO Overweight 55 Positions Relative to FVD

Symbol	Grade	Weight
AAPL	C	7.37%
MSFT	D	7.16%
GOOGL	B	3.93%
AMZN	C	3.64%
BRK.A	B	2.07%
ORCL	A	1.85%
LLY	D	1.85%
MSI	A	1.37%
V	B	1.31%
MA	A	1.27%
ROP	D	1.23%
AKAM	D	1.19%
TYL	D	1.16%
VRSN	C	1.14%
TMO	D	0.94%
WMT	A	0.9%
PGR	B	0.83%
VRTX	D	0.68%
REGN	D	0.68%
ETN	B	0.66%
EA	D	0.64%
ERIE	A	0.6%
AJG	C	0.58%
LIN	C	0.57%
CBOE	B	0.56%
FDS	C	0.56%
WRB	C	0.52%
ORLY	A	0.5%
AZO	D	0.48%
RSG	D	0.45%
J	F	0.44%
FCN	C	0.4%
COP	D	0.38%
AMT	D	0.34%
SHW	C	0.31%
EOG	B	0.29%
WMB	A	0.27%
O	C	0.25%
ECL	C	0.25%
LNG	A	0.24%
DLR	C	0.24%
KMI	A	0.24%
CCI	D	0.23%
CTVA	A	0.22%
CSGP	F	0.19%
EQR	C	0.19%
MAA	D	0.18%
VMC	D	0.18%
MLM	F	0.18%
CTRA	D	0.18%
AMCR	C	0.17%
ATR	A	0.16%
ELS	D	0.16%
AMH	D	0.16%
ADC	C	0.15%

FDLO Underweight 123 Positions Relative to FVD

Symbol	Grade	Weight
RIO	B	-0.53%
TSM	B	-0.52%
CAT	A	-0.51%
PPG	D	-0.51%
YUM	C	-0.51%
AOS	C	-0.51%
MMM	C	-0.5%
ADI	B	-0.5%
SCL	D	-0.5%
LECO	D	-0.5%
DEO	C	-0.5%
CMI	A	-0.5%
UPS	D	-0.5%
EMR	B	-0.5%
DLB	D	-0.5%
NEU	F	-0.49%
TEL	D	-0.49%
SJM	D	-0.49%
BLK	A	-0.49%
WSO	C	-0.49%
BRC	C	-0.49%
SLGN	B	-0.49%
CHRW	C	-0.49%
UVV	D	-0.49%
MSM	D	-0.49%
TROW	D	-0.49%
INFY	B	-0.49%
AZN	D	-0.49%
MMS	C	-0.49%
CTSH	B	-0.49%
IEX	D	-0.49%
SNA	C	-0.49%
JCI	C	-0.49%
IOSP	F	-0.49%
DCI	B	-0.49%
INGR	B	-0.49%
SXT	C	-0.49%
HMC	D	-0.49%
MS	A	-0.49%
TM	D	-0.49%
GNTX	D	-0.49%
RHI	D	-0.48%
KDP	C	-0.48%
SWX	C	-0.48%
KR	C	-0.48%
EXC	C	-0.48%
PFE	D	-0.48%
SR	D	-0.48%
GILD	A	-0.48%
POR	D	-0.48%
TD	B	-0.48%
BK	A	-0.48%
ES	D	-0.48%
IDA	D	-0.48%
OGS	C	-0.48%
THG	A	-0.48%
EVRG	C	-0.48%
SNY	C	-0.48%
LNT	B	-0.48%
BAX	D	-0.48%
PPL	C	-0.48%
NSC	C	-0.48%
DTE	B	-0.48%
NVS	D	-0.48%
PEG	A	-0.48%
WTRG	D	-0.48%
MDT	C	-0.48%
NI	A	-0.48%
ATO	A	-0.48%
REYN	D	-0.48%
LANC	F	-0.48%
CSX	D	-0.48%
ETR	A	-0.48%
CNI	D	-0.48%
FLO	D	-0.48%
BTI	D	-0.48%
SIGI	D	-0.48%
PINC	F	-0.48%
AGR	C	-0.48%
JNPR	C	-0.48%
GS	B	-0.48%
WDFC	B	-0.48%
G	A	-0.48%
K	B	-0.48%
RTX	A	-0.48%
AFL	A	-0.48%
MKC	C	-0.48%
SEIC	B	-0.48%
SON	D	-0.48%
GSK	F	-0.48%
SNX	C	-0.48%
MO	D	-0.48%
ALE	A	-0.48%
BMY	A	-0.48%
HRL	F	-0.48%
DGX	D	-0.48%
NWN	D	-0.48%
KHC	F	-0.48%
WERN	D	-0.48%
JJSF	C	-0.48%
BR	B	-0.48%
UL	D	-0.48%
POOL	D	-0.48%
CAG	D	-0.48%
DE	C	-0.48%
MSEX	C	-0.47%
GATX	F	-0.47%
CBSH	D	-0.47%
SRE	C	-0.47%
OTTR	F	-0.47%
CWT	D	-0.47%
ALL	A	-0.47%
CPB	D	-0.47%
HLI	A	-0.47%
NDAQ	C	-0.47%
CNA	D	-0.47%
CALM	A	-0.47%
CLX	C	-0.47%
TAK	D	-0.47%
NJR	C	-0.47%
CPK	C	-0.47%
NFG	A	-0.46%
AWR	B	-0.46%