FDMO vs. QQQ ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to PowerShares QQQ Trust, Series 1 (QQQ)

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.36

Average Daily Volume

33,157

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

QQQ

PowerShares QQQ Trust, Series 1

QQQ Description

PowerShares Capital Management LLC is passionate about our goal of delivering the highest quality investment management available through one of the more benefit-rich investment vehicles ever created, the exchange-traded fund. PowerShares QQQ, formerly known as "QQQ" or the "NASDAQ-100 Index Tracking Stock", is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.

Grade (RS Rating)

Last Trade

$506.59

Average Daily Volume

29,037,159

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FDMO	QQQ
30 Days	5.95%	2.28%
60 Days	7.78%	3.50%
90 Days	10.86%	6.41%
12 Months	42.88%	30.95%

18 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in QQQ	Overlap
AAPL	B	6.8%	8.48%	6.8%
AEP	D	0.28%	0.31%	0.28%
AMZN	C	3.76%	5.42%	3.76%
AVGO	D	2.03%	4.98%	2.03%
BKNG	B	0.66%	1.05%	0.66%
CEG	D	0.29%	0.44%	0.29%
COST	B	0.92%	2.58%	0.92%
CTAS	B	0.54%	0.55%	0.54%
GOOGL	C	3.54%	2.51%	2.51%
ISRG	C	1.06%	1.21%	1.06%
LIN	D	0.51%	1.37%	0.51%
META	D	2.39%	4.9%	2.39%
MSFT	D	6.21%	7.75%	6.21%
NFLX	B	0.88%	2.27%	0.88%
NVDA	C	6.97%	8.79%	6.97%
TMUS	A	0.45%	1.75%	0.45%
TSLA	B	2.03%	3.68%	2.03%
TTD	B	0.32%	0.36%	0.32%

FDMO Overweight 104 Positions Relative to QQQ

Symbol	Grade	Weight
BRK.A	B	2.14%
JPM	B	1.88%
LLY	F	1.68%
PLTR	B	1.3%
APP	B	1.27%
BAC	A	1.21%
XOM	C	1.12%
COIN	B	1.09%
HD	A	1.08%
ABBV	D	1.08%
GS	B	0.99%
BSX	C	0.95%
DHR	D	0.92%
PG	A	0.92%
AXP	A	0.9%
MSI	C	0.88%
NTRA	B	0.87%
PGR	A	0.87%
WMT	B	0.86%
FICO	B	0.86%
HOOD	B	0.83%
ANET	C	0.82%
KKR	B	0.8%
HCA	F	0.78%
QTWO	A	0.78%
GDDY	B	0.78%
CVLT	B	0.74%
GKOS	B	0.74%
GE	D	0.74%
CAT	B	0.73%
RVMD	B	0.73%
SYF	A	0.72%
THC	D	0.72%
BK	A	0.7%
RNA	D	0.7%
UBER	D	0.67%
CVX	B	0.67%
EVR	B	0.67%
HIG	B	0.67%
RTX	D	0.66%
FIS	D	0.65%
TJX	A	0.61%
KO	D	0.61%
TT	B	0.59%
JXN	B	0.59%
MPWR	F	0.56%
PM	B	0.55%
HWM	B	0.52%
T	A	0.52%
CARR	C	0.51%
VRT	B	0.51%
URI	B	0.5%
TDG	D	0.5%
GM	B	0.5%
RCL	B	0.48%
FIX	A	0.47%
NEE	D	0.47%
EME	B	0.47%
MLI	C	0.44%
ZETA	D	0.43%
EBAY	C	0.42%
DY	D	0.42%
TRU	D	0.4%
SN	D	0.39%
LDOS	D	0.38%
CVNA	B	0.38%
MO	A	0.37%
DUK	C	0.35%
CL	D	0.33%
LUMN	C	0.32%
VST	B	0.31%
WMB	B	0.3%
OKE	C	0.3%
SHW	A	0.29%
KMI	B	0.28%
PEG	A	0.28%
KMB	C	0.28%
WELL	C	0.28%
TRGP	B	0.27%
SPG	C	0.25%
FRPT	B	0.24%
NRG	C	0.24%
TPL	B	0.24%
PSA	C	0.24%
DLR	A	0.24%
SFM	B	0.24%
ECL	D	0.23%
CBRE	B	0.21%
NEM	F	0.2%
DTM	B	0.2%
EXR	C	0.2%
IRM	C	0.19%
EQR	B	0.19%
FTI	A	0.19%
ESS	B	0.18%
SW	B	0.17%
JLL	B	0.16%
CRS	B	0.16%
PKG	B	0.16%
IFF	D	0.15%
SLG	B	0.15%
VNO	B	0.15%
LPX	B	0.15%
ATI	D	0.14%

FDMO Underweight 83 Positions Relative to QQQ

Symbol	Grade	Weight
GOOG	C	-2.42%
ADBE	C	-1.48%
CSCO	A	-1.47%
PEP	F	-1.43%
AMD	F	-1.42%
INTU	C	-1.24%
TXN	D	-1.19%
QCOM	F	-1.15%
CMCSA	C	-1.06%
AMGN	D	-1.0%
AMAT	F	-0.97%
HON	B	-0.95%
PANW	C	-0.81%
VRTX	D	-0.79%
ADP	B	-0.78%
GILD	B	-0.72%
SBUX	B	-0.71%
MU	D	-0.69%
INTC	C	-0.68%
ADI	D	-0.66%
LRCX	F	-0.61%
MELI	C	-0.6%
KLAC	F	-0.55%
MDLZ	F	-0.55%
PYPL	A	-0.55%
REGN	F	-0.54%
SNPS	B	-0.53%
CDNS	B	-0.52%
CRWD	B	-0.51%
MRVL	B	-0.5%
MAR	A	-0.5%
PDD	F	-0.47%
FTNT	C	-0.46%
ORLY	B	-0.45%
CSX	B	-0.44%
ADSK	B	-0.42%
DASH	A	-0.42%
ASML	F	-0.41%
PCAR	B	-0.38%
ROP	B	-0.38%
ABNB	C	-0.37%
CHTR	C	-0.36%
NXPI	D	-0.36%
WDAY	C	-0.36%
MNST	B	-0.35%
CPRT	A	-0.35%
FANG	F	-0.34%
PAYX	B	-0.33%
FAST	B	-0.3%
ROST	C	-0.3%
ODFL	B	-0.3%
KDP	D	-0.29%
BKR	C	-0.27%
EA	C	-0.27%
VRSK	A	-0.26%
DDOG	A	-0.26%
LULU	C	-0.25%
TEAM	B	-0.25%
CTSH	B	-0.25%
GEHC	F	-0.24%
AZN	F	-0.24%
EXC	D	-0.24%
XEL	A	-0.24%
KHC	D	-0.24%
CCEP	B	-0.23%
IDXX	F	-0.22%
MCHP	F	-0.22%
ZS	C	-0.2%
TTWO	B	-0.2%
ANSS	B	-0.19%
DXCM	C	-0.19%
CSGP	C	-0.19%
ON	C	-0.18%
GFS	C	-0.15%
BIIB	F	-0.15%
CDW	F	-0.15%
WBD	C	-0.15%
MDB	C	-0.14%
ILMN	C	-0.14%
ARM	D	-0.11%
MRNA	F	-0.1%
DLTR	D	-0.09%
SMCI	D	-0.07%