FDLO vs. OUSA ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to O'Shares FTSE U.S. Quality Dividend ETF (OUSA)

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

$60.93

Average Daily Volume

90,606

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

OUSA

O'Shares FTSE U.S. Quality Dividend ETF

OUSA Description

The investment seeks to track the performance (before fees and expenses) of its target index, the FTSE US Qual / Vol / Yield Factor 5% Capped Index (the "target index"). The U.S. target index is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in the United States that meet certain market capitalization, liquidity, high quality, low volatility and dividend yield thresholds, as determined by FTSE-Russell (the "index provider"). Under normal market conditions, the fund will invest at least 80% of its total assets in the components of the U.S. target index.

Grade (RS Rating)

Last Trade

$53.41

Average Daily Volume

34,633

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	OUSA
30 Days	3.25%	3.63%
60 Days	4.14%	5.13%
90 Days	7.22%	7.15%
12 Months	23.13%	24.58%

53 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in OUSA	Overlap
AAPL	D	7.33%	5.16%	5.16%
ABBV	B	1.18%	1.69%	1.18%
ABT	B	0.93%	0.97%	0.93%
ACN	C	1.61%	1.55%	1.55%
ADP	A	0.62%	0.71%	0.62%
AMGN	B	0.84%	0.86%	0.84%
CB	B	0.73%	0.81%	0.73%
CBOE	B	0.59%	0.15%	0.15%
CL	C	0.41%	0.32%	0.32%
CMCSA	D	0.87%	3.42%	0.87%
CSCO	C	1.54%	1.35%	1.35%
DOX	C	1.12%	0.06%	0.06%
ETN	C	0.61%	0.66%	0.61%
FAST	C	0.47%	0.24%	0.24%
GD	B	0.52%	0.47%	0.47%
GIS	B	0.33%	0.15%	0.15%
GRMN	D	0.46%	0.21%	0.21%
HD	B	1.1%	3.19%	1.1%
HON	D	0.64%	0.84%	0.64%
HSY	B	0.28%	0.11%	0.11%
ITW	B	0.52%	0.46%	0.46%
JNJ	B	1.28%	1.95%	1.28%
JPM	D	1.63%	4.24%	1.63%
KMB	C	0.33%	0.17%	0.17%
KO	B	0.77%	1.21%	0.77%
LLY	C	1.98%	3.85%	1.98%
LMT	B	0.63%	0.9%	0.63%
LOW	B	0.66%	1.16%	0.66%
MA	A	1.28%	3.26%	1.28%
MCD	B	0.81%	1.78%	0.81%
MDLZ	B	0.44%	0.37%	0.37%
MMC	A	0.71%	0.87%	0.71%
MRK	D	1.07%	1.37%	1.07%
MSFT	C	7.19%	5.32%	5.32%
MSI	B	1.36%	0.44%	0.44%
NKE	D	0.58%	0.69%	0.58%
NOC	B	0.54%	0.48%	0.48%
ORCL	B	1.76%	1.59%	1.59%
OTIS	C	0.45%	0.22%	0.22%
PAYX	B	0.48%	0.26%	0.26%
PEP	B	0.7%	0.96%	0.7%
PG	A	1.03%	1.63%	1.03%
PM	B	0.62%	0.73%	0.62%
SBUX	C	0.71%	0.88%	0.71%
TJX	B	0.65%	1.06%	0.65%
TSCO	B	0.47%	0.22%	0.22%
TXN	D	1.52%	1.2%	1.2%
UNH	C	1.57%	2.69%	1.57%
UNP	B	0.68%	0.93%	0.68%
V	A	1.38%	3.76%	1.38%
VZ	A	1.0%	4.24%	1.0%
WM	D	0.53%	0.51%	0.51%
WMT	B	0.91%	1.28%	0.91%

FDLO Overweight 72 Positions Relative to OUSA

Symbol	Grade	Weight
GOOGL	D	3.68%
AMZN	C	3.64%
BRK.A	C	2.09%
IBM	A	1.6%
ROP	B	1.24%
TYL	B	1.19%
AKAM	D	1.16%
VRSN	D	1.11%
XOM	D	1.1%
T	A	0.96%
TMO	B	0.96%
TMUS	A	0.84%
PGR	B	0.84%
REGN	C	0.76%
VRTX	C	0.71%
CME	B	0.69%
EA	C	0.65%
TRV	A	0.63%
BDX	D	0.63%
AJG	A	0.62%
CVX	D	0.6%
ERIE	B	0.57%
LIN	B	0.56%
FDS	C	0.55%
AIZ	C	0.54%
WRB	C	0.53%
JKHY	A	0.52%
ORLY	B	0.5%
RSG	B	0.48%
AZO	C	0.48%
LHX	C	0.46%
BAH	B	0.44%
J	D	0.41%
SO	A	0.39%
HII	D	0.39%
FCN	C	0.39%
COP	F	0.38%
DUK	B	0.37%
AMT	B	0.36%
SHW	A	0.3%
EQIX	B	0.3%
AEP	A	0.3%
XEL	B	0.28%
EOG	D	0.28%
WEC	B	0.27%
PSA	A	0.27%
WMB	A	0.27%
ED	B	0.27%
O	B	0.25%
ECL	A	0.25%
LNG	C	0.24%
KMI	B	0.24%
DLR	A	0.24%
APD	B	0.24%
CCI	B	0.24%
CMS	A	0.24%
AEE	A	0.24%
CTVA	B	0.21%
EQR	B	0.2%
CSGP	D	0.2%
MAA	A	0.19%
CTRA	F	0.18%
PKG	B	0.17%
VMC	D	0.17%
ELS	B	0.17%
AMH	B	0.17%
MLM	D	0.17%
DTM	B	0.17%
ADC	B	0.16%
AMCR	B	0.16%
AVY	B	0.16%
ATR	A	0.15%

FDLO Underweight 46 Positions Relative to OUSA

Symbol	Grade	Weight
AVGO	C	-4.37%
NEE	B	-1.97%
COST	B	-1.56%
SPGI	A	-1.12%
QCOM	D	-1.08%
CAT	C	-1.01%
BLK	A	-0.89%
PFE	C	-0.83%
DHR	B	-0.8%
ADI	D	-0.67%
MCO	B	-0.61%
UPS	D	-0.6%
DE	B	-0.58%
MDT	B	-0.55%
SYK	B	-0.54%
ELV	B	-0.54%
GILD	B	-0.5%
AON	B	-0.49%
BMY	C	-0.49%
TT	A	-0.47%
APH	D	-0.46%
PEG	A	-0.46%
CI	B	-0.44%
ZTS	B	-0.4%
CTAS	B	-0.4%
CSX	D	-0.39%
MO	C	-0.36%
NSC	C	-0.32%
YUM	B	-0.29%
MSCI	C	-0.29%
PCAR	D	-0.28%
TEL	D	-0.27%
GWW	B	-0.25%
JCI	B	-0.25%
CTSH	B	-0.24%
CMI	C	-0.23%
TGT	C	-0.23%
TROW	D	-0.17%
A	C	-0.16%
ADM	D	-0.12%
EXPD	D	-0.1%
GGG	C	-0.08%
IEX	D	-0.08%
SNA	B	-0.08%
WSO	C	-0.08%
DG	F	-0.06%