FDLO vs. SSPY ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to Syntax Stratified LargeCap ETF (SSPY)

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

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$78.82

Average Daily Volume

3,216

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	SSPY
30 Days	2.09%	0.26%
60 Days	8.58%	6.41%
90 Days	6.14%	5.12%
12 Months	27.76%	25.19%

116 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in SSPY	Overlap
AAPL	C	7.37%	0.5%	0.5%
ABBV	C	1.16%	0.24%	0.24%
ABT	C	0.88%	0.06%	0.06%
ACN	B	1.58%	0.13%	0.13%
ADP	A	0.6%	0.21%	0.21%
AEE	A	0.25%	0.08%	0.08%
AEP	C	0.3%	0.24%	0.24%
AIZ	B	0.56%	0.2%	0.2%
AJG	C	0.58%	0.03%	0.03%
AKAM	D	1.19%	0.27%	0.27%
AMCR	C	0.17%	0.13%	0.13%
AMGN	D	0.81%	0.24%	0.24%
AMT	D	0.34%	0.06%	0.06%
AMZN	C	3.64%	0.22%	0.22%
APD	C	0.26%	0.05%	0.05%
AVY	D	0.16%	0.06%	0.06%
AZO	D	0.48%	0.14%	0.14%
BDX	C	0.64%	0.05%	0.05%
BRK.A	B	2.07%	0.5%	0.5%
CB	A	0.73%	0.14%	0.14%
CBOE	B	0.56%	0.04%	0.04%
CCI	D	0.23%	0.06%	0.06%
CL	D	0.39%	0.41%	0.39%
CMCSA	B	0.92%	0.52%	0.52%
CME	A	0.67%	0.04%	0.04%
CMS	A	0.24%	0.08%	0.08%
COP	D	0.38%	0.07%	0.07%
CSCO	A	1.63%	0.21%	0.21%
CSGP	F	0.19%	0.04%	0.04%
CTRA	D	0.18%	0.17%	0.17%
CTVA	A	0.22%	0.08%	0.08%
CVX	B	0.62%	0.76%	0.62%
DLR	C	0.24%	0.26%	0.24%
DUK	C	0.37%	0.07%	0.07%
EA	D	0.64%	0.49%	0.49%
ECL	C	0.25%	0.05%	0.05%
ED	C	0.27%	0.24%	0.24%
EOG	B	0.29%	0.07%	0.07%
EQIX	C	0.3%	0.27%	0.27%
EQR	C	0.19%	0.1%	0.1%
ERIE	A	0.6%	0.2%	0.2%
ETN	B	0.66%	0.26%	0.26%
FAST	C	0.47%	0.13%	0.13%
FDS	C	0.56%	0.04%	0.04%
GD	C	0.51%	0.16%	0.16%
GIS	C	0.33%	0.21%	0.21%
GOOGL	B	3.93%	0.23%	0.23%
GRMN	D	0.43%	0.33%	0.33%
HD	A	1.17%	0.26%	0.26%
HII	F	0.39%	0.08%	0.08%
HON	C	0.64%	0.17%	0.17%
HSY	D	0.27%	0.18%	0.18%
IBM	A	1.66%	0.34%	0.34%
ITW	C	0.54%	0.17%	0.17%
J	F	0.44%	0.4%	0.4%
JKHY	A	0.52%	0.05%	0.05%
JNJ	D	1.24%	0.24%	0.24%
JPM	C	1.62%	0.13%	0.13%
KMB	D	0.32%	0.42%	0.32%
KMI	A	0.24%	0.25%	0.24%
KO	C	0.76%	0.25%	0.25%
LHX	A	0.47%	0.08%	0.08%
LIN	C	0.57%	0.04%	0.04%
LLY	D	1.85%	0.23%	0.23%
LMT	A	0.63%	0.09%	0.09%
LOW	C	0.7%	0.26%	0.26%
MA	A	1.27%	0.04%	0.04%
MAA	D	0.18%	0.1%	0.1%
MCD	A	0.84%	0.5%	0.5%
MDLZ	D	0.43%	0.18%	0.18%
MLM	F	0.18%	0.17%	0.17%
MMC	D	0.68%	0.04%	0.04%
MRK	F	1.04%	0.24%	0.24%
MSFT	D	7.16%	0.32%	0.32%
MSI	A	1.37%	0.49%	0.49%
NKE	D	0.66%	0.33%	0.33%
NOC	B	0.54%	0.09%	0.09%
O	C	0.25%	0.07%	0.07%
ORCL	A	1.85%	0.34%	0.34%
ORLY	A	0.5%	0.14%	0.14%
OTIS	A	0.49%	0.08%	0.08%
PAYX	B	0.47%	0.21%	0.21%
PEP	F	0.66%	0.18%	0.18%
PG	D	1.01%	0.42%	0.42%
PGR	B	0.83%	0.19%	0.19%
PKG	B	0.17%	0.06%	0.06%
PM	D	0.59%	0.35%	0.35%
PSA	C	0.26%	0.11%	0.11%
REGN	D	0.68%	0.22%	0.22%
ROP	D	1.23%	0.03%	0.03%
RSG	D	0.45%	0.18%	0.18%
SBUX	B	0.69%	0.48%	0.48%
SHW	C	0.31%	0.06%	0.06%
SO	A	0.38%	0.08%	0.08%
T	B	0.96%	0.33%	0.33%
TJX	D	0.64%	0.72%	0.64%
TMO	D	0.94%	0.14%	0.14%
TMUS	A	0.85%	0.33%	0.33%
TRV	B	0.63%	0.14%	0.14%
TSCO	A	0.47%	0.12%	0.12%
TXN	C	1.55%	0.23%	0.23%
TYL	D	1.16%	0.22%	0.22%
UNH	B	1.52%	0.26%	0.26%
UNP	F	0.66%	0.08%	0.08%
V	B	1.31%	0.04%	0.04%
VMC	D	0.18%	0.17%	0.17%
VRSN	C	1.14%	0.27%	0.27%
VRTX	D	0.68%	0.23%	0.23%
VZ	C	1.01%	0.33%	0.33%
WEC	B	0.26%	0.07%	0.07%
WM	B	0.52%	0.18%	0.18%
WMB	A	0.27%	0.25%	0.25%
WMT	A	0.9%	0.73%	0.73%
WRB	C	0.52%	0.14%	0.14%
XEL	C	0.28%	0.08%	0.08%
XOM	A	1.14%	0.77%	0.77%

FDLO Overweight 9 Positions Relative to SSPY

Symbol	Grade	Weight
DOX	B	1.14%
BAH	C	0.46%
FCN	C	0.4%
LNG	A	0.24%
DTM	A	0.18%
ATR	A	0.16%
ELS	D	0.16%
AMH	D	0.16%
ADC	C	0.15%

FDLO Underweight 384 Positions Relative to SSPY

Symbol	Grade	Weight
SYY	D	-0.75%
KR	C	-0.74%
ROST	D	-0.72%
COST	C	-0.71%
COF	A	-0.7%
SYF	A	-0.69%
CVS	D	-0.69%
DFS	A	-0.69%
WBA	F	-0.64%
DPZ	D	-0.52%
PSX	D	-0.51%
DRI	C	-0.51%
YUM	C	-0.51%
VLO	F	-0.5%
EL	D	-0.5%
CMG	C	-0.5%
MPC	D	-0.49%
TTWO	D	-0.49%
L	C	-0.49%
CHTR	D	-0.47%
MTCH	B	-0.47%
META	A	-0.47%
KVUE	C	-0.42%
BWA	C	-0.42%
CHD	D	-0.42%
VST	A	-0.41%
CLX	C	-0.41%
APTV	D	-0.4%
PWR	A	-0.4%
JBL	C	-0.38%
CEG	A	-0.38%
ADM	F	-0.37%
BG	F	-0.37%
TSN	D	-0.36%
HRL	F	-0.36%
SLB	D	-0.35%
HPQ	B	-0.35%
BKR	B	-0.35%
CRM	B	-0.35%
MO	D	-0.35%
IPG	D	-0.34%
OMC	C	-0.34%
HAL	D	-0.34%
SNPS	F	-0.34%
ATO	A	-0.33%
TPR	B	-0.33%
NI	A	-0.33%
NRG	A	-0.33%
HCA	C	-0.33%
CDNS	D	-0.33%
AES	C	-0.32%
AWK	D	-0.32%
UHS	D	-0.32%
RL	B	-0.32%
LULU	D	-0.31%
FCX	B	-0.3%
EXC	C	-0.3%
DECK	B	-0.3%
TSLA	C	-0.28%
DAL	C	-0.28%
UAL	A	-0.28%
SWK	C	-0.27%
GDDY	B	-0.27%
STLD	C	-0.27%
CNP	B	-0.26%
HUBB	A	-0.26%
ENPH	F	-0.26%
NUE	D	-0.26%
PEG	A	-0.26%
HAS	A	-0.26%
CNC	F	-0.26%
MS	A	-0.26%
NVR	C	-0.26%
HUM	F	-0.26%
LEN	C	-0.25%
GM	D	-0.25%
NEM	C	-0.25%
DTE	B	-0.25%
F	D	-0.25%
GILD	A	-0.25%
CTLT	A	-0.25%
MOH	F	-0.25%
EIX	C	-0.25%
STZ	D	-0.25%
ZTS	C	-0.25%
SNA	C	-0.25%
PHM	C	-0.25%
LUV	B	-0.25%
MNST	D	-0.25%
ETR	A	-0.25%
TAP	D	-0.25%
INCY	B	-0.25%
RJF	B	-0.25%
BMY	A	-0.25%
GS	B	-0.25%
SCHW	D	-0.25%
MRNA	F	-0.24%
DHI	C	-0.24%
D	A	-0.24%
TRGP	A	-0.24%
OKE	A	-0.24%
FE	C	-0.24%
VTRS	D	-0.24%
PFE	D	-0.24%
KDP	C	-0.24%
BIIB	F	-0.24%
NEE	C	-0.24%
ELV	F	-0.24%
AVGO	B	-0.23%
PLTR	A	-0.23%
CPRT	B	-0.23%
ON	F	-0.23%
GOOG	B	-0.23%
NXPI	F	-0.23%
PAYC	D	-0.22%
NFLX	A	-0.22%
LW	D	-0.22%
EBAY	A	-0.22%
DAY	C	-0.22%
QCOM	D	-0.22%
NOW	B	-0.22%
ADI	B	-0.22%
MPWR	B	-0.22%
FFIV	B	-0.21%
KEYS	B	-0.21%
ANET	A	-0.21%
DIS	D	-0.21%
PFG	A	-0.21%
AOS	C	-0.21%
MKC	C	-0.21%
KHC	F	-0.21%
QRVO	F	-0.21%
SWKS	F	-0.21%
SJM	D	-0.21%
MET	A	-0.21%
CAG	D	-0.21%
ALL	A	-0.2%
GL	C	-0.2%
AIG	C	-0.2%
IEX	D	-0.2%
IR	A	-0.2%
JNPR	C	-0.2%
AFL	A	-0.2%
PARA	F	-0.2%
CPB	D	-0.2%
PRU	B	-0.2%
INTU	F	-0.2%
HSIC	D	-0.2%
FSLR	C	-0.2%
MHK	C	-0.19%
CI	D	-0.19%
APH	D	-0.19%
XYL	C	-0.19%
CAH	B	-0.19%
TEL	D	-0.19%
HPE	B	-0.19%
MAS	C	-0.19%
WBD	F	-0.19%
PNR	C	-0.19%
BLDR	C	-0.19%
GLW	C	-0.19%
BBWI	F	-0.19%
CTAS	C	-0.18%
AMAT	C	-0.18%
CRWD	D	-0.18%
GEV	A	-0.18%
EQT	C	-0.18%
ROL	C	-0.18%
MCK	F	-0.18%
COR	F	-0.18%
K	B	-0.18%
TGT	C	-0.17%
ADSK	B	-0.17%
TER	C	-0.17%
MMM	C	-0.17%
ANSS	D	-0.17%
DG	F	-0.17%
FTNT	A	-0.17%
DOV	C	-0.17%
NTAP	D	-0.17%
GEN	A	-0.17%
BBY	C	-0.17%
WY	C	-0.17%
GE	B	-0.17%
DLTR	F	-0.17%
DELL	C	-0.17%
PTC	B	-0.17%
LRCX	D	-0.17%
KLAC	B	-0.17%
STX	C	-0.17%
ULTA	D	-0.17%
WDC	C	-0.17%
INTC	D	-0.16%
PANW	B	-0.16%
ADBE	F	-0.16%
DVN	F	-0.16%
BA	F	-0.16%
TXT	F	-0.16%
DGX	D	-0.16%
TECH	D	-0.15%
SMCI	F	-0.15%
A	B	-0.15%
GPC	D	-0.15%
WAT	B	-0.15%
MTD	C	-0.15%
MU	D	-0.15%
MCHP	F	-0.14%
CAT	A	-0.14%
IQV	F	-0.14%
URI	C	-0.14%
CINF	A	-0.14%
CRL	F	-0.14%
HIG	A	-0.14%
ACGL	A	-0.14%
AMD	C	-0.14%
KMX	F	-0.14%
EG	A	-0.14%
LKQ	F	-0.14%
BALL	C	-0.13%
PCAR	D	-0.13%
CDW	D	-0.13%
AME	C	-0.13%
POOL	D	-0.13%
DE	C	-0.13%
EPAM	F	-0.13%
WFC	B	-0.13%
CTSH	B	-0.13%
ZBRA	B	-0.13%
C	B	-0.13%
WAB	A	-0.13%
IT	A	-0.13%
NVDA	B	-0.13%
LDOS	A	-0.13%
STT	A	-0.12%
HLT	A	-0.12%
MAR	A	-0.12%
ABNB	D	-0.12%
SYK	C	-0.12%
STE	D	-0.12%
EXPE	B	-0.12%
ISRG	C	-0.12%
ZBH	F	-0.12%
GWW	B	-0.12%
BAC	B	-0.12%
ARE	D	-0.11%
VTR	C	-0.11%
WELL	C	-0.11%
EXR	D	-0.11%
DVA	C	-0.11%
CPT	C	-0.11%
BR	B	-0.11%
DOC	C	-0.11%
BXP	B	-0.11%
BKNG	B	-0.11%
HST	D	-0.11%
UBER	C	-0.11%
BK	A	-0.11%
DXCM	F	-0.1%
PODD	C	-0.1%
HOLX	D	-0.1%
DHR	D	-0.1%
NWSA	D	-0.1%
IDXX	D	-0.1%
NWS	D	-0.1%
ESS	D	-0.1%
RVTY	C	-0.1%
ALGN	D	-0.1%
INVH	D	-0.1%
GEHC	C	-0.1%
AVB	C	-0.1%
FOX	B	-0.1%
UDR	C	-0.1%
FOXA	B	-0.1%
TROW	D	-0.09%
FMC	C	-0.09%
BEN	F	-0.09%
UPS	D	-0.09%
EXPD	D	-0.09%
AXON	A	-0.09%
RCL	B	-0.09%
CCL	C	-0.09%
CHRW	C	-0.09%
CF	A	-0.09%
KKR	A	-0.09%
NCLH	C	-0.09%
LYV	A	-0.09%
IVZ	A	-0.09%
RMD	C	-0.09%
ALLE	A	-0.08%
PCG	C	-0.08%
SRE	C	-0.08%
HWM	A	-0.08%
PPL	C	-0.08%
EVRG	C	-0.08%
LNT	B	-0.08%
CARR	A	-0.08%
TDG	A	-0.08%
JCI	C	-0.08%
PH	A	-0.08%
CMI	A	-0.08%
NSC	C	-0.08%
GNRC	B	-0.08%
WYNN	B	-0.08%
ODFL	F	-0.08%
RTX	A	-0.08%
BX	C	-0.08%
NTRS	B	-0.08%
BLK	A	-0.08%
LVS	B	-0.08%
AMP	A	-0.08%
MOS	F	-0.08%
JBHT	D	-0.08%
CSX	D	-0.08%
SPG	A	-0.07%
LYB	B	-0.07%
SW	C	-0.07%
PPG	D	-0.07%
FANG	D	-0.07%
OXY	D	-0.07%
CZR	B	-0.07%
MRO	B	-0.07%
MGM	D	-0.07%
DOW	B	-0.07%
APA	F	-0.07%
HES	D	-0.07%
PNW	C	-0.07%
FDX	F	-0.07%
CE	D	-0.07%
ES	D	-0.07%
TT	A	-0.07%
TFC	D	-0.06%
CFG	C	-0.06%
HBAN	B	-0.06%
FI	A	-0.06%
USB	C	-0.06%
FITB	C	-0.06%
PNC	C	-0.06%
KEY	B	-0.06%
RF	B	-0.06%
MTB	A	-0.06%
EW	F	-0.06%
MDT	C	-0.06%
PYPL	A	-0.06%
BSX	A	-0.06%
IP	C	-0.06%
REG	C	-0.06%
KIM	C	-0.06%
PLD	D	-0.06%
FRT	D	-0.06%
SBAC	C	-0.06%
VICI	C	-0.06%
IRM	B	-0.06%
FICO	C	-0.05%
IFF	D	-0.05%
SOLV	C	-0.05%
BAX	D	-0.05%
TFX	C	-0.05%
WST	D	-0.05%
EMN	C	-0.05%
DD	C	-0.05%
ALB	D	-0.05%
FIS	A	-0.05%
AON	A	-0.04%
BRO	A	-0.04%
EFX	D	-0.04%
CBRE	C	-0.04%
VRSK	D	-0.04%
SPGI	C	-0.04%
GPN	F	-0.04%
MCO	D	-0.04%
MSCI	B	-0.04%
ICE	A	-0.04%
NDAQ	C	-0.04%
CPAY	A	-0.04%
AXP	A	-0.04%
MKTX	B	-0.04%
VLTO	A	-0.03%
ROK	D	-0.03%
NDSN	C	-0.03%
TDY	A	-0.03%
EMR	B	-0.03%
TRMB	B	-0.03%
FTV	C	-0.03%
WTW	C	-0.03%