FELG vs. QQEW ETF Comparison

Comparison of Fidelity Enhanced Large Cap Growth ETF (FELG) to First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

FELG

Fidelity Enhanced Large Cap Growth ETF

FELG Description

The fund will invest at least 80% of assets in common stocks included in the Russell 1000® Growth Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.54

Average Daily Volume

218,971

Number of Holdings ^*

79

* may have additional holdings in another (foreign) market

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$130.64

Average Daily Volume

54,606

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FELG	QQEW
30 Days	3.26%	4.45%
60 Days	5.11%	5.07%
90 Days	6.08%	5.05%
12 Months	36.88%	20.64%

28 Overlapping Holdings

	Symbol	Grade	Weight in FELG	Weight in QQEW	Overlap
	AAPL	C	12.05%	0.96%	0.96%
	ADBE	C	1.29%	0.97%	0.97%
	AMAT	F	0.94%	0.93%	0.93%
	AMD	F	0.01%	0.85%	0.01%
	AMZN	C	6.62%	1.06%	1.06%
	AVGO	D	3.11%	0.96%	0.96%
	BKNG	A	1.1%	1.17%	1.1%
	COST	B	0.91%	0.98%	0.91%
	CTAS	B	0.66%	1.02%	0.66%
	DASH	A	0.72%	1.19%	0.72%
	FTNT	C	0.65%	1.18%	0.65%
	GILD	C	0.5%	1.05%	0.5%
	GOOG	C	2.52%	0.52%	0.52%
	GOOGL	C	3.57%	0.52%	0.52%
	IDXX	F	0.39%	0.8%	0.39%
	INTU	C	0.11%	1.04%	0.11%
	ISRG	A	0.1%	1.06%	0.1%
	KLAC	D	0.79%	0.82%	0.79%
	LRCX	F	0.82%	0.93%	0.82%
	META	D	4.74%	0.99%	0.99%
	MSFT	F	10.23%	0.94%	0.94%
	NFLX	A	1.81%	1.15%	1.15%
	NVDA	C	11.91%	1.21%	1.21%
	PEP	F	0.15%	0.93%	0.15%
	QCOM	F	1.12%	0.93%	0.93%
	TMUS	B	0.5%	1.14%	0.5%
	TSLA	B	3.47%	1.25%	1.25%
	WDAY	B	0.71%	1.05%	0.71%

FELG Overweight 51 Positions Relative to QQEW

	Symbol	Grade	Weight
	MA	C	2.02%
	LLY	F	1.54%
	MRK	F	1.35%
	V	A	1.2%
	UBER	D	0.98%
	ABBV	D	0.94%
	ANET	C	0.83%
	CMG	B	0.77%
	TJX	A	0.77%
	UNP	C	0.74%
	ECL	D	0.7%
	SQ	B	0.66%
	MSI	B	0.65%
	TT	A	0.63%
	LMT	D	0.62%
	HD	A	0.62%
	CRM	B	0.59%
	SCHW	B	0.59%
	EXEL	B	0.57%
	SPG	B	0.56%
	HWM	A	0.55%
	BMY	B	0.54%
	GRMN	B	0.54%
	ANF	C	0.52%
	LYFT	C	0.51%
	NOW	A	0.51%
	ZM	B	0.51%
	NTRA	B	0.5%
	INCY	C	0.5%
	NOC	D	0.49%
	ORCL	B	0.46%
	BBWI	D	0.45%
	DBX	B	0.43%
	MPWR	F	0.4%
	ALLE	D	0.33%
	AXON	A	0.32%
	CAT	B	0.32%
	APP	B	0.31%
	TW	A	0.31%
	TDC	D	0.3%
	MSCI	C	0.26%
	NU	C	0.19%
	CLX	B	0.18%
	SCCO	F	0.14%
	WMT	A	0.13%
	MEDP	D	0.12%
	BAH	F	0.11%
	ZBRA	B	0.09%
	CVNA	B	0.07%
	MORN	B	0.07%
	TPL	A	0.03%

FELG Underweight 73 Positions Relative to QQEW

	Symbol	Grade	Weight
	TEAM	A	-1.47%
	LULU	C	-1.21%
	MRVL	B	-1.18%
	TTWO	A	-1.17%
	ZS	C	-1.16%
	CHTR	C	-1.15%
	WBD	C	-1.15%
	BKR	B	-1.15%
	EA	A	-1.13%
	PCAR	B	-1.12%
	ODFL	B	-1.11%
	MAR	B	-1.11%
	PANW	C	-1.11%
	FAST	B	-1.11%
	DDOG	A	-1.1%
	INTC	D	-1.1%
	ADSK	A	-1.1%
	CRWD	B	-1.1%
	TTD	B	-1.1%
	HON	B	-1.09%
	PDD	F	-1.08%
	CSCO	B	-1.07%
	CPRT	A	-1.07%
	PYPL	B	-1.07%
	ORLY	B	-1.06%
	CDNS	B	-1.06%
	MU	D	-1.05%
	ADP	B	-1.05%
	MNST	C	-1.05%
	PAYX	C	-1.05%
	VRSK	A	-1.04%
	SNPS	B	-1.04%
	CMCSA	B	-1.04%
	ILMN	D	-1.04%
	GFS	C	-1.04%
	XEL	A	-1.03%
	DXCM	D	-1.02%
	ANSS	B	-1.02%
	CTSH	B	-1.02%
	MDB	C	-1.01%
	VRTX	F	-1.0%
	SBUX	A	-0.99%
	CSX	B	-0.98%
	ABNB	C	-0.98%
	FANG	D	-0.97%
	ROP	B	-0.97%
	TXN	C	-0.97%
	ARM	D	-0.94%
	NXPI	D	-0.93%
	CSGP	D	-0.93%
	CCEP	C	-0.93%
	LIN	D	-0.92%
	ON	D	-0.92%
	EXC	C	-0.91%
	ADI	D	-0.9%
	ROST	C	-0.89%
	DLTR	F	-0.88%
	AEP	D	-0.88%
	GEHC	F	-0.88%
	KHC	F	-0.87%
	KDP	D	-0.86%
	MELI	D	-0.86%
	MDLZ	F	-0.85%
	CEG	D	-0.85%
	ASML	F	-0.84%
	AMGN	D	-0.84%
	MCHP	D	-0.82%
	AZN	D	-0.8%
	BIIB	F	-0.79%
	CDW	F	-0.77%
	REGN	F	-0.66%
	MRNA	F	-0.58%
	SMCI	F	-0.38%

FELG: Top Represented Industries & Keywords

Industries: Software - Application Drug Manufacturers - Major Semiconductors Aerospace & Defense Apparel Stores Business Services Capital Markets Diagnostics & Research Internet Content & Information Semiconductor Equipment & Materials Software - Infrastructure Biotechnology Credit Services Discount Stores Specialty Industrial Machinery Specialty Retail Telecom Services Auto Manufacturers Banks - Diversified Beverages - Soft Drinks

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component IBD 50 Work From Home Smartphones Cloud Computing Mobile Devices Software Telecommunications Electronics Hyperscale Integrated Circuits Operating System Payment Systems Semiconductor Software As A Service Antibiotics Medicine

QQEW: Top Represented Industries & Keywords

Industries: Semiconductors Software - Application Beverages - Soft Drinks Business Services Drug Manufacturers - Major Semiconductor Equipment & Materials Specialty Retail Biotechnology Diagnostics & Research Internet Content & Information Software - Infrastructure Apparel Stores Discount Stores Diversified Industrials Electronic Gaming & Multimedia Information Technology Services Internet Content & Information Pay TV Utilities - Regulated Electric Auto & Truck Dealerships

Keywords: Nasdaq 100 S&P 500 Computing Integrated Circuits Semiconductor Mobile Devices Work From Home Smartphones Dow Jones Component Software Cloud Computing Electronics Fabless Semiconductor Companies Electronic Design Medicine Natural Gas Power Management Cloud Infrastructure Electricity Ethernet