FDLO vs. MTUM ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to iShares MSCI USA Momentum Factor ETF (MTUM)

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

$60.79

Average Daily Volume

92,216

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$202.23

Average Daily Volume

642,258

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	MTUM
30 Days	1.02%	2.68%
60 Days	5.63%	12.97%
90 Days	6.84%	2.33%
12 Months	28.75%	47.95%

24 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in MTUM	Overlap
AEP	C	0.3%	0.44%	0.3%
AJG	D	0.58%	0.56%	0.56%
AMZN	C	3.64%	4.54%	3.64%
CB	A	0.73%	0.93%	0.73%
CL	D	0.39%	0.79%	0.39%
ERIE	A	0.6%	0.18%	0.18%
ETN	C	0.66%	1.79%	0.66%
GD	A	0.51%	0.57%	0.51%
GRMN	D	0.43%	0.36%	0.36%
JPM	D	1.62%	4.25%	1.62%
LLY	D	1.85%	4.44%	1.85%
LMT	A	0.63%	1.03%	0.63%
MLM	D	0.18%	0.27%	0.18%
MSI	A	1.37%	0.76%	0.76%
PGR	C	0.83%	1.89%	0.83%
PKG	C	0.17%	0.15%	0.15%
PM	C	0.59%	1.51%	0.59%
RSG	D	0.45%	0.35%	0.35%
TJX	C	0.64%	1.1%	0.64%
TYL	B	1.16%	0.22%	0.22%
VMC	D	0.18%	0.24%	0.18%
VRTX	D	0.68%	0.96%	0.68%
WMB	A	0.27%	0.44%	0.27%
WMT	A	0.9%	3.39%	0.9%

FDLO Overweight 101 Positions Relative to MTUM

Symbol	Grade	Weight
AAPL	C	7.37%
MSFT	D	7.16%
GOOGL	B	3.93%
BRK.A	C	2.07%
ORCL	B	1.85%
IBM	B	1.66%
CSCO	A	1.63%
ACN	B	1.58%
TXN	C	1.55%
UNH	B	1.52%
V	C	1.31%
MA	A	1.27%
JNJ	D	1.24%
ROP	C	1.23%
AKAM	D	1.19%
HD	A	1.17%
ABBV	A	1.16%
DOX	B	1.14%
VRSN	B	1.14%
XOM	A	1.14%
MRK	F	1.04%
VZ	A	1.01%
PG	C	1.01%
T	A	0.96%
TMO	C	0.94%
CMCSA	B	0.92%
ABT	B	0.88%
TMUS	A	0.85%
MCD	A	0.84%
AMGN	D	0.81%
KO	C	0.76%
LOW	A	0.7%
SBUX	B	0.69%
MMC	D	0.68%
REGN	D	0.68%
CME	A	0.67%
NKE	D	0.66%
UNP	D	0.66%
PEP	D	0.66%
HON	C	0.64%
BDX	B	0.64%
EA	D	0.64%
TRV	C	0.63%
CVX	B	0.62%
ADP	A	0.6%
LIN	B	0.57%
CBOE	A	0.56%
AIZ	A	0.56%
FDS	C	0.56%
NOC	B	0.54%
ITW	A	0.54%
WM	B	0.52%
JKHY	A	0.52%
WRB	B	0.52%
ORLY	A	0.5%
OTIS	A	0.49%
AZO	D	0.48%
LHX	A	0.47%
TSCO	A	0.47%
PAYX	A	0.47%
FAST	B	0.47%
BAH	A	0.46%
J	D	0.44%
MDLZ	C	0.43%
FCN	C	0.4%
HII	F	0.39%
COP	D	0.38%
SO	A	0.38%
DUK	A	0.37%
AMT	C	0.34%
GIS	C	0.33%
KMB	B	0.32%
SHW	B	0.31%
EQIX	B	0.3%
EOG	B	0.29%
XEL	A	0.28%
ED	A	0.27%
HSY	D	0.27%
APD	C	0.26%
PSA	C	0.26%
WEC	A	0.26%
O	A	0.25%
AEE	A	0.25%
ECL	B	0.25%
LNG	A	0.24%
DLR	C	0.24%
KMI	A	0.24%
CMS	A	0.24%
CCI	C	0.23%
CTVA	A	0.22%
CSGP	F	0.19%
EQR	C	0.19%
MAA	C	0.18%
DTM	A	0.18%
CTRA	D	0.18%
AMCR	B	0.17%
ATR	A	0.16%
ELS	D	0.16%
AMH	D	0.16%
AVY	C	0.16%
ADC	B	0.15%

FDLO Underweight 99 Positions Relative to MTUM

Symbol	Grade	Weight
META	A	-5.16%
AVGO	C	-4.99%
NVDA	C	-4.58%
COST	C	-3.62%
GE	C	-3.52%
GS	C	-1.68%
RTX	A	-1.61%
AXP	A	-1.48%
QCOM	D	-1.43%
CEG	B	-1.39%
AMAT	B	-1.38%
ANET	A	-1.22%
BSX	A	-1.19%
KKR	A	-1.17%
MU	D	-1.14%
ISRG	A	-1.13%
TT	A	-1.09%
KLAC	B	-1.04%
MMM	C	-1.01%
C	B	-0.99%
APH	D	-0.92%
CTAS	B	-0.88%
PH	A	-0.81%
MCK	F	-0.79%
TDG	A	-0.79%
FI	A	-0.78%
ICE	A	-0.75%
WELL	C	-0.73%
VST	A	-0.69%
HWM	A	-0.66%
PLTR	A	-0.58%
EMR	B	-0.57%
PEG	A	-0.52%
FICO	A	-0.52%
VRT	B	-0.52%
IRM	A	-0.51%
URI	C	-0.48%
APO	A	-0.47%
MSTR	B	-0.47%
TRGP	B	-0.47%
COIN	F	-0.46%
HIG	A	-0.46%
BK	C	-0.45%
DELL	C	-0.45%
DHI	C	-0.44%
HLT	A	-0.42%
IR	A	-0.41%
ALL	B	-0.4%
PWR	B	-0.4%
MPWR	B	-0.39%
PHM	A	-0.36%
EME	C	-0.34%
FERG	F	-0.34%
CBRE	A	-0.33%
APP	A	-0.33%
VLTO	A	-0.33%
WAB	A	-0.32%
NTAP	D	-0.32%
SMCI	F	-0.32%
DFS	C	-0.31%
LEN	B	-0.31%
DECK	B	-0.3%
GDDY	D	-0.3%
NRG	A	-0.28%
WSM	B	-0.28%
EBAY	A	-0.26%
ARES	A	-0.26%
NVR	A	-0.25%
LII	C	-0.25%
BRO	A	-0.25%
FITB	C	-0.24%
LDOS	A	-0.24%
NDAQ	C	-0.24%
WTW	B	-0.23%
CSL	A	-0.23%
DOV	C	-0.22%
SW	C	-0.22%
TPL	B	-0.22%
AXON	A	-0.21%
STX	B	-0.18%
TW	A	-0.18%
WDC	C	-0.18%
SYF	B	-0.17%
PSTG	F	-0.15%
HEI	A	-0.15%
HUBB	A	-0.14%
UTHR	C	-0.14%
UHS	D	-0.13%
IP	C	-0.13%
L	D	-0.12%
HEI	A	-0.12%
OC	C	-0.12%
HOOD	C	-0.11%
DKS	D	-0.1%
TOST	C	-0.09%
FNF	A	-0.09%
DVA	C	-0.08%
CG	C	-0.07%
ALLY	F	-0.06%