FDLO vs. QUAL ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to iShares MSCI USA Quality Factor ETF (QUAL)

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

$61.05

Average Daily Volume

92,480

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It 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 fund is non-diversified.

Grade (RS Rating)

Last Trade

$178.14

Average Daily Volume

946,315

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	QUAL
30 Days	1.11%	0.51%
60 Days	5.71%	6.66%
90 Days	6.93%	3.76%
12 Months	27.71%	36.34%

41 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in QUAL	Overlap
AAPL	C	7.37%	5.53%	5.53%
ACN	B	1.58%	1.66%	1.58%
ADP	A	0.6%	1.61%	0.6%
APD	C	0.26%	0.33%	0.26%
AVY	B	0.16%	0.09%	0.09%
CBOE	B	0.56%	0.14%	0.14%
CME	A	0.67%	0.5%	0.5%
COP	D	0.38%	1.62%	0.38%
CSCO	A	1.63%	1.61%	1.61%
CSGP	F	0.19%	0.28%	0.19%
EA	D	0.64%	0.18%	0.18%
ED	A	0.27%	0.54%	0.27%
EQR	C	0.19%	0.18%	0.18%
ERIE	A	0.6%	0.11%	0.11%
FAST	C	0.47%	0.37%	0.37%
FDS	C	0.56%	0.12%	0.12%
GOOGL	C	3.93%	1.69%	1.69%
GRMN	D	0.43%	0.41%	0.41%
HSY	D	0.27%	0.17%	0.17%
ITW	B	0.54%	0.71%	0.54%
JKHY	A	0.52%	0.1%	0.1%
JNJ	C	1.24%	2.26%	1.24%
KO	B	0.76%	1.67%	0.76%
LIN	B	0.57%	1.22%	0.57%
LLY	D	1.85%	4.04%	1.85%
LMT	A	0.63%	1.18%	0.63%
MA	A	1.27%	4.01%	1.27%
MMC	D	0.68%	0.75%	0.68%
MSFT	C	7.16%	4.66%	4.66%
NKE	D	0.66%	1.64%	0.66%
PAYX	A	0.47%	0.46%	0.46%
PEP	D	0.66%	1.19%	0.66%
PKG	A	0.17%	0.09%	0.09%
PSA	C	0.26%	0.59%	0.26%
SHW	B	0.31%	0.58%	0.31%
TJX	C	0.64%	1.99%	0.64%
TSCO	A	0.47%	0.45%	0.45%
TXN	C	1.55%	1.4%	1.4%
UNH	B	1.52%	2.77%	1.52%
V	C	1.31%	4.01%	1.31%
VRTX	D	0.68%	0.62%	0.62%

FDLO Overweight 84 Positions Relative to QUAL

Symbol	Grade	Weight
AMZN	C	3.64%
BRK.A	C	2.07%
ORCL	C	1.85%
IBM	C	1.66%
JPM	D	1.62%
MSI	A	1.37%
ROP	C	1.23%
AKAM	D	1.19%
HD	A	1.17%
TYL	C	1.16%
ABBV	A	1.16%
DOX	B	1.14%
VRSN	C	1.14%
XOM	B	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%
WMT	A	0.9%
ABT	C	0.88%
TMUS	A	0.85%
MCD	A	0.84%
PGR	C	0.83%
AMGN	D	0.81%
CB	A	0.73%
LOW	A	0.7%
SBUX	B	0.69%
REGN	D	0.68%
UNP	C	0.66%
ETN	C	0.66%
HON	B	0.64%
BDX	B	0.64%
TRV	C	0.63%
CVX	D	0.62%
PM	B	0.59%
AJG	D	0.58%
AIZ	A	0.56%
NOC	B	0.54%
WM	D	0.52%
WRB	B	0.52%
GD	A	0.51%
ORLY	A	0.5%
OTIS	A	0.49%
AZO	D	0.48%
LHX	A	0.47%
BAH	A	0.46%
RSG	D	0.45%
J	D	0.44%
MDLZ	C	0.43%
FCN	B	0.4%
HII	D	0.39%
CL	D	0.39%
SO	A	0.38%
DUK	B	0.37%
AMT	C	0.34%
GIS	B	0.33%
KMB	B	0.32%
AEP	B	0.3%
EQIX	B	0.3%
EOG	D	0.29%
XEL	A	0.28%
WMB	A	0.27%
WEC	A	0.26%
O	A	0.25%
AEE	A	0.25%
ECL	A	0.25%
LNG	D	0.24%
DLR	C	0.24%
KMI	A	0.24%
CMS	A	0.24%
CCI	A	0.23%
CTVA	B	0.22%
MAA	C	0.18%
DTM	A	0.18%
VMC	D	0.18%
MLM	D	0.18%
CTRA	D	0.18%
AMCR	A	0.17%
ATR	A	0.16%
ELS	D	0.16%
AMH	D	0.16%
ADC	B	0.15%

FDLO Underweight 82 Positions Relative to QUAL

Symbol	Grade	Weight
NVDA	C	-5.94%
META	A	-4.2%
COST	C	-2.5%
ADBE	F	-1.81%
NFLX	C	-1.52%
GOOG	C	-1.48%
CAT	A	-1.43%
AMAT	D	-1.42%
CMG	C	-1.24%
QCOM	D	-1.23%
KLAC	D	-0.98%
BLK	B	-0.9%
SLB	F	-0.88%
LRCX	F	-0.86%
SRE	A	-0.84%
DHI	B	-0.83%
PLD	D	-0.79%
ANET	B	-0.74%
PEG	A	-0.69%
LULU	D	-0.58%
CTAS	C	-0.57%
ZTS	B	-0.57%
NVR	A	-0.56%
CDNS	D	-0.55%
MMM	B	-0.54%
MCO	C	-0.54%
GWW	A	-0.52%
SNPS	F	-0.5%
PHM	A	-0.48%
APH	D	-0.46%
DECK	C	-0.45%
AFL	A	-0.41%
TPL	B	-0.38%
ATO	A	-0.38%
IDXX	D	-0.36%
ULTA	D	-0.35%
WSM	C	-0.34%
CBRE	A	-0.33%
BBY	B	-0.32%
ODFL	D	-0.31%
MPWR	C	-0.29%
ACGL	A	-0.29%
FERG	F	-0.28%
AMP	A	-0.27%
AVB	C	-0.24%
EW	F	-0.24%
POOL	B	-0.23%
A	B	-0.23%
NTAP	D	-0.22%
VLTO	C	-0.22%
APA	F	-0.21%
ROK	D	-0.21%
MNST	D	-0.21%
MANH	C	-0.2%
EQT	C	-0.19%
TROW	D	-0.18%
RMD	C	-0.18%
VEEV	C	-0.16%
PPG	D	-0.16%
KEYS	C	-0.16%
SMCI	F	-0.14%
EME	C	-0.14%
LPLA	D	-0.13%
EXPD	B	-0.13%
WAT	B	-0.13%
ROL	B	-0.12%
WST	D	-0.12%
GGG	B	-0.11%
OMC	A	-0.11%
MOH	D	-0.11%
ENPH	D	-0.11%
WSO	B	-0.11%
AOS	B	-0.08%
UTHR	B	-0.08%
RS	D	-0.08%
MKTX	C	-0.07%
IPG	C	-0.06%
SEIC	B	-0.06%
AFG	B	-0.06%
PAYC	D	-0.06%
SOLV	D	-0.05%
WBA	F	-0.03%