FELV vs. FHEQ ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to Fidelity Hedged Equity ETF (FHEQ)

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

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	FELV	FHEQ
30 Days	4.38%	2.51%
60 Days	5.85%	3.80%
90 Days	7.57%	4.54%
12 Months	29.90%

145 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in FHEQ	Overlap
AAPL	C	0.19%	7.31%	0.19%
ABBV	D	0.85%	1.0%	0.85%
ADBE	C	0.37%	0.93%	0.37%
ADP	B	0.1%	0.16%	0.1%
ALL	A	0.19%	0.07%	0.07%
ALLE	D	0.54%	0.44%	0.44%
ALRM	C	0.08%	0.4%	0.08%
AMAT	F	0.42%	0.7%	0.42%
AME	A	0.26%	0.22%	0.22%
AMGN	D	0.15%	0.24%	0.15%
AMT	D	0.14%	0.24%	0.14%
AMZN	C	0.08%	3.64%	0.08%
ANF	C	0.28%	0.33%	0.28%
AVGO	D	0.12%	1.49%	0.12%
AXP	A	0.2%	0.43%	0.2%
BAC	A	1.77%	1.17%	1.17%
BBWI	D	0.08%	0.11%	0.08%
BCC	B	0.11%	0.07%	0.07%
BDX	F	0.74%	0.59%	0.59%
BIIB	F	0.3%	0.21%	0.21%
BK	A	0.63%	0.36%	0.36%
BLD	D	0.11%	0.05%	0.05%
BLK	C	0.37%	0.23%	0.23%
BMY	B	0.84%	0.68%	0.68%
BRK.A	B	3.64%	2.19%	2.19%
C	A	0.48%	0.54%	0.48%
CACI	D	0.46%	0.3%	0.3%
CAH	B	0.3%	0.4%	0.3%
CAT	B	0.54%	0.48%	0.48%
CI	F	0.6%	0.63%	0.6%
CINF	A	0.22%	0.12%	0.12%
CL	D	0.54%	0.58%	0.54%
CLX	B	0.25%	0.2%	0.2%
CMCSA	B	1.13%	0.83%	0.83%
CME	A	0.57%	0.37%	0.37%
CMG	B	0.07%	0.49%	0.07%
CRM	B	0.22%	1.09%	0.22%
CRUS	D	0.09%	0.06%	0.06%
CSCO	B	1.07%	0.79%	0.79%
CSX	B	0.34%	0.43%	0.34%
CTAS	B	0.43%	0.66%	0.43%
CVNA	B	0.62%	0.52%	0.52%
CVS	D	0.3%	0.22%	0.22%
CVX	A	0.53%	0.02%	0.02%
DASH	A	0.08%	0.12%	0.08%
DBX	B	0.42%	0.51%	0.42%
DIS	B	0.8%	0.57%	0.57%
DOC	D	0.22%	0.08%	0.08%
DOCU	A	0.22%	0.18%	0.18%
DVN	F	0.34%	0.53%	0.34%
ECL	D	0.5%	0.62%	0.5%
EOG	A	0.53%	0.43%	0.43%
ETN	A	0.76%	0.15%	0.15%
EXEL	B	0.35%	0.43%	0.35%
F	C	0.33%	0.15%	0.15%
FTI	A	0.19%	0.17%	0.17%
GAP	C	0.25%	0.18%	0.18%
GE	D	1.05%	0.45%	0.45%
GEHC	F	0.16%	0.17%	0.16%
GILD	C	0.92%	0.73%	0.73%
GL	B	0.28%	0.2%	0.2%
GRMN	B	0.11%	0.31%	0.11%
HD	A	0.45%	1.32%	0.45%
HWM	A	0.12%	0.27%	0.12%
IGT	F	0.36%	0.45%	0.36%
INCY	C	0.22%	0.27%	0.22%
JNJ	D	1.02%	0.61%	0.61%
JPM	A	2.93%	1.82%	1.82%
KLAC	D	0.03%	0.54%	0.03%
KR	B	0.31%	0.11%	0.11%
L	A	0.35%	0.07%	0.07%
LDOS	C	0.47%	0.32%	0.32%
LHX	C	0.45%	0.23%	0.23%
LMT	D	0.64%	0.69%	0.64%
LNW	D	0.17%	0.17%	0.17%
LYFT	C	0.07%	0.06%	0.06%
MA	C	0.28%	1.34%	0.28%
MDLZ	F	0.06%	0.07%	0.06%
MEDP	D	0.16%	0.31%	0.16%
META	D	0.21%	2.87%	0.21%
MGM	D	0.21%	0.22%	0.21%
MHO	D	0.1%	0.02%	0.02%
MKL	A	0.17%	0.09%	0.09%
MMC	B	0.38%	0.52%	0.38%
MMM	D	0.6%	0.22%	0.22%
MS	A	0.54%	0.16%	0.16%
MSCI	C	0.19%	0.49%	0.19%
MSI	B	0.2%	0.26%	0.2%
MU	D	0.86%	0.47%	0.47%
NEE	D	0.81%	0.73%	0.73%
NFLX	A	0.19%	1.26%	0.19%
NOC	D	0.63%	0.56%	0.56%
NSC	B	0.57%	0.26%	0.26%
NUE	C	0.34%	0.32%	0.32%
NVDA	C	0.17%	7.27%	0.17%
NWL	B	0.06%	0.01%	0.01%
OGE	B	0.06%	0.01%	0.01%
PCAR	B	0.39%	0.42%	0.39%
PFE	D	0.85%	0.56%	0.56%
PG	A	1.24%	0.87%	0.87%
PGR	A	0.35%	0.63%	0.35%
PLTK	B	0.05%	0.1%	0.05%
PM	B	1.31%	0.92%	0.92%
PPG	F	0.57%	0.34%	0.34%
PSA	D	0.52%	0.19%	0.19%
PYPL	B	0.79%	0.54%	0.54%
QCOM	F	0.5%	0.84%	0.5%
QGEN	D	0.16%	0.04%	0.04%
QRVO	F	0.11%	0.11%	0.11%
ROST	C	0.11%	0.1%	0.1%
RSG	A	0.66%	0.2%	0.2%
RTX	C	0.7%	0.44%	0.44%
SCHW	B	0.88%	0.56%	0.56%
SEIC	B	0.58%	0.54%	0.54%
SKYW	B	0.21%	0.29%	0.21%
SOLV	C	0.12%	0.12%	0.12%
SPG	B	0.18%	0.16%	0.16%
SPGI	C	0.63%	0.28%	0.28%
SQ	B	0.7%	0.59%	0.59%
T	A	1.02%	0.67%	0.67%
TDC	D	0.27%	0.35%	0.27%
TENB	C	0.08%	0.06%	0.06%
TJX	A	0.28%	0.73%	0.28%
TMO	F	0.73%	0.26%	0.26%
TMUS	B	0.56%	0.29%	0.29%
TPH	D	0.35%	0.15%	0.15%
TROW	B	0.13%	0.23%	0.13%
TRV	B	0.28%	0.49%	0.28%
TT	A	0.52%	0.69%	0.52%
TWLO	A	0.3%	0.02%	0.02%
TXT	D	0.53%	0.51%	0.51%
UNH	C	1.57%	0.57%	0.57%
UNM	A	0.38%	0.01%	0.01%
UNP	C	0.75%	0.73%	0.73%
VEEV	C	0.28%	0.12%	0.12%
VST	B	0.07%	0.11%	0.07%
VZ	C	0.68%	0.18%	0.18%
WDAY	B	0.13%	0.16%	0.13%
WFC	A	1.22%	0.15%	0.15%
WM	A	0.25%	0.38%	0.25%
WMT	A	1.76%	0.8%	0.8%
XEL	A	0.25%	0.21%	0.21%
XOM	B	2.51%	1.54%	1.54%
ZBRA	B	0.32%	0.47%	0.32%
ZM	B	0.52%	0.52%	0.52%

FELV Overweight 187 Positions Relative to FHEQ

Symbol	Grade	Weight
INTC	D	0.85%
PNC	B	0.7%
AON	A	0.59%
CCI	D	0.57%
COP	C	0.56%
ABT	B	0.54%
SSNC	B	0.5%
DD	D	0.48%
COF	B	0.47%
LIN	D	0.46%
WAB	B	0.45%
MDT	D	0.4%
PCG	A	0.39%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
ACN	C	0.34%
GS	A	0.34%
FTV	C	0.33%
LPX	B	0.33%
STLD	B	0.33%
FR	C	0.28%
MCD	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
MO	A	0.28%
TOL	B	0.28%
GEV	B	0.28%
IBM	C	0.27%
SYK	C	0.26%
WTW	B	0.26%
VICI	C	0.25%
SEE	C	0.25%
FLS	B	0.25%
EXC	C	0.24%
KMI	A	0.24%
TFC	A	0.24%
CNC	D	0.23%
ED	D	0.22%
Z	A	0.22%
OC	A	0.22%
HPE	B	0.21%
JCI	C	0.21%
VMI	B	0.2%
EQIX	A	0.2%
PNR	A	0.19%
DTE	C	0.19%
USFD	A	0.19%
BSX	B	0.19%
KEY	B	0.18%
ITT	A	0.18%
ICE	C	0.18%
TMHC	B	0.18%
ZG	A	0.18%
EIX	B	0.17%
DHR	F	0.17%
PRU	A	0.17%
IQV	D	0.17%
ACA	A	0.17%
CEG	D	0.17%
EQR	B	0.17%
TAP	C	0.16%
TXN	C	0.16%
CCK	C	0.16%
AES	F	0.16%
PFG	D	0.16%
BBY	D	0.15%
STT	A	0.15%
CNP	B	0.15%
ILMN	D	0.15%
JXN	C	0.15%
RCL	A	0.15%
OXY	D	0.15%
WDC	D	0.14%
KMB	D	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	A	0.13%
SWKS	F	0.13%
CCL	B	0.13%
ES	D	0.13%
PH	A	0.12%
NTAP	C	0.12%
ITW	B	0.12%
SO	D	0.12%
WMB	A	0.12%
EEFT	B	0.12%
KHC	F	0.12%
UHS	D	0.12%
AIZ	A	0.11%
EA	A	0.11%
ENS	D	0.11%
ELV	F	0.11%
AMH	D	0.11%
BMRN	D	0.11%
TPR	B	0.1%
ADTN	A	0.1%
ADM	D	0.1%
BKR	B	0.1%
CRC	B	0.1%
PEG	A	0.1%
FANG	D	0.09%
A	D	0.09%
TRGP	B	0.09%
CNO	A	0.09%
MTDR	B	0.09%
WBD	C	0.09%
KD	B	0.09%
GPN	B	0.09%
ACT	D	0.09%
MCK	B	0.09%
VRTX	F	0.09%
MKC	D	0.08%
DELL	C	0.08%
LH	C	0.08%
HON	B	0.08%
IFF	D	0.08%
AEP	D	0.08%
REG	B	0.07%
BYD	C	0.07%
LOW	D	0.07%
WCC	B	0.07%
NWSA	B	0.06%
EW	C	0.06%
UPS	C	0.06%
LEG	F	0.06%
ARW	D	0.06%
VSTS	C	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	C	0.05%
CW	B	0.05%
GIS	D	0.05%
NEM	D	0.05%
AM	A	0.04%
ADI	D	0.04%
VLTO	D	0.04%
INGR	B	0.04%
VAC	B	0.04%
CSGP	D	0.04%
HL	D	0.04%
CWEN	C	0.04%
BKH	A	0.04%
CTRE	D	0.04%
AXTA	A	0.03%
MSA	D	0.03%
SYF	B	0.03%
TFX	F	0.03%
UAL	A	0.03%
RGA	A	0.03%
EXTR	B	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	D	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	A	0.01%
MUR	D	0.01%
PHM	D	0.01%
CXT	B	0.01%
BLDR	D	0.01%
ROP	B	0.01%
DGX	A	0.01%
ANSS	B	0.01%
AXS	A	0.01%
SON	D	0.01%
GLW	B	0.01%
M	D	0.01%

FELV Underweight 23 Positions Relative to FHEQ

Symbol	Grade	Weight
MSFT	F	-5.64%
GOOGL	C	-2.02%
GOOG	C	-1.74%
TSLA	B	-1.26%
LLY	F	-0.76%
MRK	F	-0.69%
V	A	-0.47%
COST	B	-0.45%
NOW	A	-0.34%
IDXX	F	-0.26%
FTNT	C	-0.24%
LRCX	F	-0.23%
HLT	A	-0.18%
PEGA	A	-0.16%
UBER	D	-0.14%
GEN	B	-0.13%
NBIX	C	-0.11%
BAH	F	-0.09%
ANET	C	-0.08%
UTHR	C	-0.05%
ORCL	B	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%