FELV vs. FDMO ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to Fidelity Momentum Factor ETF (FDMO)

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value 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.

Grade (RS Rating)

Last Trade

$32.75

Average Daily Volume

107,136

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

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

33,158

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

Performance

Period	FELV	FDMO
30 Days	5.73%	5.95%
60 Days	6.35%	7.78%
90 Days	7.99%	10.86%
12 Months	30.28%	42.88%

59 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in FDMO	Overlap
AAPL	B	0.19%	6.8%	0.19%
ABBV	D	0.85%	1.08%	0.85%
AEP	D	0.08%	0.28%	0.08%
AMZN	C	0.08%	3.76%	0.08%
AVGO	D	0.12%	2.03%	0.12%
AXP	A	0.2%	0.9%	0.2%
BAC	A	1.77%	1.21%	1.21%
BK	A	0.63%	0.7%	0.63%
BRK.A	B	3.64%	2.14%	2.14%
BSX	C	0.19%	0.95%	0.19%
CAT	B	0.54%	0.73%	0.54%
CEG	D	0.17%	0.29%	0.17%
CL	D	0.54%	0.33%	0.33%
CTAS	B	0.43%	0.54%	0.43%
CVNA	B	0.62%	0.38%	0.38%
CVX	B	0.53%	0.67%	0.53%
DHR	D	0.17%	0.92%	0.17%
DUK	C	0.28%	0.35%	0.28%
ECL	D	0.5%	0.23%	0.23%
EQR	B	0.17%	0.19%	0.17%
FTI	A	0.19%	0.19%	0.19%
GE	D	1.05%	0.74%	0.74%
GS	B	0.34%	0.99%	0.34%
HD	A	0.45%	1.08%	0.45%
HWM	B	0.12%	0.52%	0.12%
IFF	D	0.08%	0.15%	0.08%
JPM	B	2.93%	1.88%	1.88%
JXN	B	0.15%	0.59%	0.15%
KMB	C	0.14%	0.28%	0.14%
KMI	B	0.24%	0.28%	0.24%
LDOS	D	0.47%	0.38%	0.38%
LIN	D	0.46%	0.51%	0.46%
LPX	B	0.33%	0.15%	0.15%
META	D	0.21%	2.39%	0.21%
MO	A	0.28%	0.37%	0.28%
MSI	C	0.2%	0.88%	0.2%
NEE	D	0.81%	0.47%	0.47%
NEM	F	0.05%	0.2%	0.05%
NFLX	B	0.19%	0.88%	0.19%
NVDA	C	0.17%	6.97%	0.17%
PEG	A	0.1%	0.28%	0.1%
PG	A	1.24%	0.92%	0.92%
PGR	A	0.35%	0.87%	0.35%
PKG	B	0.13%	0.16%	0.13%
PM	B	1.31%	0.55%	0.55%
PSA	C	0.52%	0.24%	0.24%
RCL	B	0.15%	0.48%	0.15%
RTX	D	0.7%	0.66%	0.66%
SPG	C	0.18%	0.25%	0.18%
SYF	A	0.03%	0.72%	0.03%
T	A	1.02%	0.52%	0.52%
TJX	A	0.28%	0.61%	0.28%
TMUS	A	0.56%	0.45%	0.45%
TRGP	B	0.09%	0.27%	0.09%
TT	B	0.52%	0.59%	0.52%
VST	B	0.07%	0.31%	0.07%
WMB	B	0.12%	0.3%	0.12%
WMT	B	1.76%	0.86%	0.86%
XOM	C	2.51%	1.12%	1.12%

FELV Overweight 273 Positions Relative to FDMO

Symbol	Grade	Weight
UNH	B	1.57%
WFC	A	1.22%
CMCSA	C	1.13%
CSCO	A	1.07%
JNJ	D	1.02%
GILD	B	0.92%
SCHW	A	0.88%
MU	D	0.86%
PFE	D	0.85%
INTC	C	0.85%
BMY	B	0.84%
DIS	B	0.8%
PYPL	A	0.79%
ETN	A	0.76%
UNP	C	0.75%
BDX	F	0.74%
TMO	F	0.73%
SQ	B	0.7%
PNC	A	0.7%
VZ	B	0.68%
RSG	A	0.66%
LMT	D	0.64%
NOC	D	0.63%
SPGI	C	0.63%
MMM	D	0.6%
CI	D	0.6%
AON	A	0.59%
SEIC	A	0.58%
PPG	D	0.57%
CCI	D	0.57%
CME	A	0.57%
NSC	A	0.57%
COP	D	0.56%
ABT	B	0.54%
ALLE	D	0.54%
MS	B	0.54%
TXT	D	0.53%
EOG	C	0.53%
ZM	B	0.52%
QCOM	F	0.5%
SSNC	A	0.5%
DD	D	0.48%
C	A	0.48%
COF	B	0.47%
CACI	D	0.46%
LHX	C	0.45%
WAB	B	0.45%
DBX	C	0.42%
AMAT	F	0.42%
MDT	D	0.4%
PCG	B	0.39%
PCAR	B	0.39%
UNM	A	0.38%
MMC	A	0.38%
ADBE	C	0.37%
BLK	C	0.37%
IGT	F	0.36%
L	B	0.35%
EXEL	A	0.35%
TPH	C	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
CSX	B	0.34%
ACN	B	0.34%
NUE	D	0.34%
DVN	F	0.34%
FTV	B	0.33%
STLD	B	0.33%
F	C	0.33%
ZBRA	A	0.32%
KR	A	0.31%
CVS	D	0.3%
CAH	B	0.3%
TWLO	B	0.3%
BIIB	F	0.3%
FR	C	0.28%
MCD	D	0.28%
VMC	B	0.28%
VEEV	B	0.28%
TOL	A	0.28%
MA	B	0.28%
GL	C	0.28%
TRV	B	0.28%
GEV	C	0.28%
ANF	C	0.28%
IBM	C	0.27%
TDC	D	0.27%
SYK	C	0.26%
AME	A	0.26%
WTW	B	0.26%
VICI	C	0.25%
CLX	C	0.25%
GAP	C	0.25%
XEL	A	0.25%
SEE	C	0.25%
FLS	A	0.25%
WM	A	0.25%
EXC	D	0.24%
TFC	B	0.24%
CNC	F	0.23%
CINF	A	0.22%
ED	D	0.22%
Z	B	0.22%
DOCU	A	0.22%
OC	B	0.22%
CRM	B	0.22%
DOC	C	0.22%
INCY	C	0.22%
SKYW	B	0.21%
MGM	F	0.21%
HPE	B	0.21%
JCI	C	0.21%
VMI	A	0.2%
EQIX	A	0.2%
PNR	B	0.19%
DTE	C	0.19%
USFD	A	0.19%
ALL	B	0.19%
MSCI	C	0.19%
KEY	A	0.18%
ITT	A	0.18%
ICE	D	0.18%
TMHC	A	0.18%
ZG	B	0.18%
EIX	A	0.17%
PRU	A	0.17%
IQV	F	0.17%
LNW	D	0.17%
MKL	A	0.17%
ACA	B	0.17%
GEHC	F	0.16%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	F	0.16%
TXN	D	0.16%
CCK	D	0.16%
AES	F	0.16%
PFG	C	0.16%
BBY	D	0.15%
STT	A	0.15%
CNP	A	0.15%
ILMN	C	0.15%
AMGN	D	0.15%
OXY	F	0.15%
WDC	C	0.14%
AMT	D	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
WDAY	C	0.13%
SWKS	F	0.13%
CCL	B	0.13%
ES	D	0.13%
TROW	A	0.13%
PH	A	0.12%
SOLV	C	0.12%
NTAP	C	0.12%
ITW	A	0.12%
SO	D	0.12%
EEFT	B	0.12%
KHC	D	0.12%
UHS	D	0.12%
BLD	C	0.11%
AIZ	B	0.11%
QRVO	F	0.11%
EA	C	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	B	0.11%
GRMN	A	0.11%
ELV	F	0.11%
AMH	C	0.11%
BMRN	F	0.11%
TPR	A	0.1%
ADTN	B	0.1%
ADM	F	0.1%
BKR	C	0.1%
CRC	C	0.1%
ADP	B	0.1%
MHO	C	0.1%
FANG	F	0.09%
A	D	0.09%
CNO	A	0.09%
MTDR	C	0.09%
WBD	C	0.09%
KD	B	0.09%
GPN	C	0.09%
ACT	C	0.09%
MCK	C	0.09%
VRTX	D	0.09%
CRUS	F	0.09%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
DELL	C	0.08%
LH	B	0.08%
HON	B	0.08%
BBWI	C	0.08%
ALRM	C	0.08%
CMG	B	0.07%
REG	B	0.07%
BYD	B	0.07%
LYFT	C	0.07%
LOW	C	0.07%
WCC	B	0.07%
NWL	A	0.06%
NWSA	B	0.06%
EW	C	0.06%
UPS	C	0.06%
LEG	D	0.06%
ARW	D	0.06%
VSTS	C	0.06%
MDLZ	F	0.06%
OGE	A	0.06%
NMRK	B	0.06%
DFS	B	0.05%
TRMB	B	0.05%
SAM	C	0.05%
CTRA	B	0.05%
FHI	A	0.05%
GLPI	B	0.05%
CW	B	0.05%
PLTK	B	0.05%
GIS	D	0.05%
AM	B	0.04%
ADI	D	0.04%
VLTO	C	0.04%
INGR	B	0.04%
VAC	B	0.04%
CSGP	C	0.04%
HL	F	0.04%
CWEN	C	0.04%
BKH	B	0.04%
CTRE	D	0.04%
AXTA	A	0.03%
MSA	C	0.03%
TFX	F	0.03%
KLAC	F	0.03%
UAL	B	0.03%
RGA	A	0.03%
EXTR	C	0.03%
WS	B	0.03%
RJF	A	0.03%
ALKS	B	0.03%
DHI	D	0.03%
NWS	B	0.03%
MATX	C	0.03%
AMD	F	0.02%
CWEN	C	0.02%
AYI	B	0.02%
SWI	B	0.02%
OKTA	C	0.02%
OGN	F	0.02%
BERY	B	0.02%
ITRI	B	0.02%
BIO	D	0.02%
WOOF	D	0.02%
MWA	B	0.01%
TNL	A	0.01%
TGT	F	0.01%
FTDR	B	0.01%
MUR	F	0.01%
PHM	C	0.01%
CXT	B	0.01%
BLDR	C	0.01%
ROP	B	0.01%
DGX	B	0.01%
ANSS	B	0.01%
AXS	A	0.01%
SON	D	0.01%
GLW	B	0.01%
M	D	0.01%

FELV Underweight 63 Positions Relative to FDMO

Symbol	Grade	Weight
MSFT	D	-6.21%
GOOGL	C	-3.54%
TSLA	B	-2.03%
LLY	F	-1.68%
PLTR	B	-1.3%
APP	B	-1.27%
COIN	B	-1.09%
ISRG	C	-1.06%
COST	B	-0.92%
NTRA	B	-0.87%
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%
RVMD	B	-0.73%
THC	D	-0.72%
RNA	D	-0.7%
UBER	D	-0.67%
EVR	B	-0.67%
HIG	B	-0.67%
BKNG	B	-0.66%
FIS	D	-0.65%
KO	D	-0.61%
MPWR	F	-0.56%
CARR	C	-0.51%
VRT	B	-0.51%
URI	B	-0.5%
TDG	D	-0.5%
GM	B	-0.5%
FIX	A	-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%
TTD	B	-0.32%
LUMN	C	-0.32%
OKE	C	-0.3%
SHW	A	-0.29%
WELL	C	-0.28%
FRPT	B	-0.24%
NRG	C	-0.24%
TPL	B	-0.24%
DLR	A	-0.24%
SFM	B	-0.24%
CBRE	B	-0.21%
DTM	B	-0.2%
EXR	C	-0.2%
IRM	C	-0.19%
ESS	B	-0.18%
SW	B	-0.17%
JLL	B	-0.16%
CRS	B	-0.16%
SLG	B	-0.15%
VNO	B	-0.15%
ATI	D	-0.14%