FELC vs. HELO ETF Comparison

Comparison of Fidelity Enhanced Large Cap Core ETF (FELC) to JPMorgan Hedged Equity Laddered Overlay ETF (HELO)

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.13

Average Daily Volume

757,674

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$61.02

Average Daily Volume

294,571

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELC	HELO
30 Days	4.39%	2.83%
60 Days	10.98%	7.42%
90 Days	3.28%	3.60%
12 Months		23.43%

7 Overlapping Holdings

Symbol	Grade	Weight in FELC	Weight in HELO	Overlap
AAPL	C	7.43%	7.29%	7.29%
AMZN	C	3.47%	3.96%	3.47%
GOOG	B	1.85%	1.55%	1.55%
GOOGL	B	2.01%	2.03%	2.01%
META	A	2.83%	2.81%	2.81%
MSFT	D	6.02%	7.27%	6.02%
NVDA	B	6.62%	6.66%	6.62%

FELC Overweight 3 Positions Relative to HELO

Symbol	Grade	Weight
BRK.A	B	2.36%
JPM	C	1.91%
AVGO	B	1.83%

FELC Underweight 3 Positions Relative to HELO

Symbol	Grade	Weight
MA	A	-1.67%
UNH	B	-1.67%
XOM	A	-1.49%