FDLO vs. SPMO ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to PowerShares S&P 500 Momentum Portfolio (SPMO)

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

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.58

Average Daily Volume

717,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	SPMO
30 Days	0.81%	2.84%
60 Days	1.49%	5.10%
90 Days	4.05%	6.74%
12 Months	21.68%	54.82%

30 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in SPMO	Overlap
AJG	B	0.61%	0.44%	0.44%
AMGN	D	0.71%	1.04%	0.71%
AMZN	C	3.92%	9.74%	3.92%
BRK.A	B	2.13%	6.07%	2.13%
CB	C	0.72%	0.84%	0.72%
CBOE	B	0.55%	0.13%	0.13%
CL	D	0.35%	0.62%	0.35%
ECL	D	0.24%	0.33%	0.24%
ETN	A	0.72%	0.96%	0.72%
GD	F	0.49%	0.55%	0.49%
GRMN	B	0.51%	0.29%	0.29%
IBM	C	1.54%	1.27%	1.27%
JPM	A	1.89%	5.38%	1.89%
KMI	A	0.3%	0.32%	0.3%
LLY	F	1.57%	5.19%	1.57%
MLM	B	0.19%	0.19%	0.19%
MSI	B	1.49%	0.67%	0.67%
PGR	A	0.84%	1.61%	0.84%
PKG	A	0.19%	0.14%	0.14%
REGN	F	0.5%	0.72%	0.5%
RSG	A	0.47%	0.33%	0.33%
T	A	0.99%	1.15%	0.99%
TJX	A	0.65%	0.99%	0.65%
TMUS	B	0.97%	0.99%	0.97%
TYL	B	1.19%	0.16%	0.16%
VRTX	F	0.69%	0.77%	0.69%
WM	A	0.55%	0.44%	0.44%
WMB	A	0.34%	0.45%	0.34%
WMT	A	0.95%	2.39%	0.95%
WRB	A	0.56%	0.12%	0.12%

FDLO Overweight 95 Positions Relative to SPMO

Symbol	Grade	Weight
AAPL	C	7.26%
MSFT	F	6.93%
GOOGL	C	4.12%
ORCL	B	2.01%
CSCO	B	1.77%
ACN	C	1.6%
UNH	C	1.55%
TXN	C	1.48%
V	A	1.47%
MA	C	1.34%
ROP	B	1.21%
HD	A	1.19%
JNJ	D	1.18%
XOM	B	1.17%
VRSN	F	1.08%
DOX	D	1.08%
AKAM	D	1.03%
PG	A	0.99%
ABBV	D	0.98%
CMCSA	B	0.95%
VZ	C	0.93%
ABT	B	0.9%
MRK	F	0.88%
MCD	D	0.8%
TMO	F	0.78%
EA	A	0.72%
LOW	D	0.71%
SBUX	A	0.7%
HON	B	0.7%
CVX	A	0.69%
TRV	B	0.69%
CME	A	0.69%
MMC	B	0.67%
ADP	B	0.66%
KO	D	0.66%
UNP	C	0.63%
PEP	F	0.62%
PM	B	0.62%
AIZ	A	0.61%
BDX	F	0.6%
FDS	B	0.59%
LMT	D	0.58%
ITW	B	0.56%
NKE	D	0.56%
FAST	B	0.54%
LIN	D	0.53%
ORLY	B	0.53%
JKHY	D	0.51%
PAYX	C	0.51%
NOC	D	0.5%
LHX	C	0.49%
OTIS	C	0.47%
AZO	C	0.47%
TSCO	D	0.46%
ERIE	D	0.45%
BAH	F	0.43%
COP	C	0.41%
J	F	0.39%
SO	D	0.37%
MDLZ	F	0.37%
DUK	C	0.35%
FCN	D	0.34%
EOG	A	0.32%
EQIX	A	0.31%
XEL	A	0.3%
SHW	A	0.3%
KMB	D	0.3%
HII	D	0.29%
AMT	D	0.29%
GIS	D	0.28%
LNG	B	0.28%
AEP	D	0.28%
WEC	A	0.27%
APD	A	0.27%
AEE	A	0.26%
DLR	B	0.26%
PSA	D	0.25%
ED	D	0.25%
CMS	C	0.24%
HSY	F	0.24%
DTM	B	0.23%
O	D	0.22%
CCI	D	0.21%
VMC	B	0.2%
CTVA	C	0.2%
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 68 Positions Relative to SPMO

Symbol	Grade	Weight
NVDA	C	-10.2%
META	D	-6.24%
AVGO	D	-5.46%
COST	B	-3.79%
GE	D	-2.09%
GS	A	-1.47%
AXP	A	-1.39%
KKR	A	-1.23%
RTX	C	-1.01%
BSX	B	-0.98%
ANET	C	-0.92%
C	A	-0.89%
TT	A	-0.85%
MCK	B	-0.81%
FI	A	-0.78%
CTAS	B	-0.72%
ICE	C	-0.65%
APH	A	-0.65%
VST	B	-0.59%
CEG	D	-0.58%
WELL	A	-0.57%
FICO	B	-0.57%
TDG	D	-0.56%
BK	A	-0.54%
KLAC	D	-0.53%
PH	A	-0.52%
TRGP	B	-0.47%
CMG	B	-0.47%
ALL	A	-0.46%
HWM	A	-0.44%
HLT	A	-0.43%
AFL	B	-0.38%
HIG	B	-0.38%
OKE	A	-0.38%
IRM	D	-0.37%
URI	B	-0.36%
IR	B	-0.34%
PRU	A	-0.33%
AIG	B	-0.33%
GWW	B	-0.32%
GDDY	A	-0.31%
AXON	A	-0.3%
PSX	C	-0.3%
RCL	A	-0.28%
MPC	D	-0.27%
PEG	A	-0.27%
COR	B	-0.26%
IT	C	-0.24%
NRG	B	-0.23%
FANG	D	-0.22%
WAB	B	-0.22%
LDOS	C	-0.21%
VLTO	D	-0.21%
BRO	B	-0.21%
NDAQ	A	-0.21%
FITB	A	-0.2%
WTW	B	-0.2%
NTAP	C	-0.19%
PHM	D	-0.18%
SYF	B	-0.17%
DECK	A	-0.17%
NVR	D	-0.15%
STX	D	-0.15%
BR	A	-0.15%
L	A	-0.11%
UHS	D	-0.09%
NWSA	B	-0.07%
NWS	B	-0.02%