FELV vs. LOWV ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to AB US Low Volatility Equity ETF (LOWV)

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

LOWV

AB US Low Volatility Equity ETF

LOWV Description

The fund is an actively-managed exchange-traded fund ("ETF"). The adviser seeks to achieve the fund"s investment objective by investing, under normal circumstances, at least 80% of its net assets in the equity securities of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.64

Average Daily Volume

7,408

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELV	LOWV
30 Days	4.38%	1.62%
60 Days	5.85%	2.39%
90 Days	7.57%	4.17%
12 Months	29.90%	24.87%

43 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in LOWV	Overlap
AAPL	C	0.19%	3.95%	0.19%
ABBV	D	0.85%	2.05%	0.85%
ADBE	C	0.37%	1.41%	0.37%
ADI	D	0.04%	0.6%	0.04%
ADP	B	0.1%	1.73%	0.1%
AEP	D	0.08%	1.33%	0.08%
AMAT	F	0.42%	0.6%	0.42%
AMZN	C	0.08%	1.91%	0.08%
AVGO	D	0.12%	3.28%	0.12%
BAC	A	1.77%	1.23%	1.23%
CI	F	0.6%	0.96%	0.6%
CL	D	0.54%	0.54%	0.54%
CMCSA	B	1.13%	1.26%	1.13%
CRM	B	0.22%	0.33%	0.22%
EA	A	0.11%	0.89%	0.11%
ETN	A	0.76%	0.66%	0.66%
FR	C	0.28%	0.39%	0.28%
GILD	C	0.92%	1.26%	0.92%
JPM	A	2.93%	1.59%	1.59%
LDOS	C	0.47%	0.55%	0.47%
LHX	C	0.45%	1.14%	0.45%
LMT	D	0.64%	0.64%	0.64%
MA	C	0.28%	1.18%	0.28%
MCK	B	0.09%	1.74%	0.09%
MDT	D	0.4%	0.85%	0.4%
META	D	0.21%	1.64%	0.21%
MMC	B	0.38%	1.34%	0.38%
MSCI	C	0.19%	0.63%	0.19%
NTAP	C	0.12%	0.74%	0.12%
NVDA	C	0.17%	2.24%	0.17%
PG	A	1.24%	1.11%	1.11%
PGR	A	0.35%	0.79%	0.35%
PM	B	1.31%	1.91%	1.31%
PSA	D	0.52%	0.73%	0.52%
RGA	A	0.03%	0.6%	0.03%
SPGI	C	0.63%	0.41%	0.41%
TMO	F	0.73%	0.29%	0.29%
UNH	C	1.57%	2.09%	1.57%
VRTX	F	0.09%	0.86%	0.09%
VZ	C	0.68%	0.22%	0.22%
WMT	A	1.76%	0.82%	0.82%
WTW	B	0.26%	0.79%	0.26%
XOM	B	2.51%	0.66%	0.66%

FELV Overweight 289 Positions Relative to LOWV

Symbol	Grade	Weight
BRK.A	B	3.64%
WFC	A	1.22%
CSCO	B	1.07%
GE	D	1.05%
JNJ	D	1.02%
T	A	1.02%
SCHW	B	0.88%
MU	D	0.86%
PFE	D	0.85%
INTC	D	0.85%
BMY	B	0.84%
NEE	D	0.81%
DIS	B	0.8%
PYPL	B	0.79%
UNP	C	0.75%
BDX	F	0.74%
SQ	B	0.7%
PNC	B	0.7%
RTX	C	0.7%
RSG	A	0.66%
NOC	D	0.63%
BK	A	0.63%
CVNA	B	0.62%
MMM	D	0.6%
AON	A	0.59%
SEIC	B	0.58%
PPG	F	0.57%
CCI	D	0.57%
CME	A	0.57%
NSC	B	0.57%
TMUS	B	0.56%
COP	C	0.56%
ABT	B	0.54%
CAT	B	0.54%
ALLE	D	0.54%
MS	A	0.54%
TXT	D	0.53%
CVX	A	0.53%
EOG	A	0.53%
ZM	B	0.52%
TT	A	0.52%
ECL	D	0.5%
QCOM	F	0.5%
SSNC	B	0.5%
DD	D	0.48%
C	A	0.48%
COF	B	0.47%
CACI	D	0.46%
LIN	D	0.46%
HD	A	0.45%
WAB	B	0.45%
CTAS	B	0.43%
DBX	B	0.42%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
BLK	C	0.37%
IGT	F	0.36%
L	A	0.35%
EXEL	B	0.35%
TPH	D	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
CSX	B	0.34%
ACN	C	0.34%
NUE	C	0.34%
GS	A	0.34%
DVN	F	0.34%
FTV	C	0.33%
LPX	B	0.33%
STLD	B	0.33%
F	C	0.33%
ZBRA	B	0.32%
KR	B	0.31%
CVS	D	0.3%
CAH	B	0.3%
TWLO	A	0.3%
BIIB	F	0.3%
MCD	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
VEEV	C	0.28%
MO	A	0.28%
TOL	B	0.28%
GL	B	0.28%
TRV	B	0.28%
GEV	B	0.28%
ANF	C	0.28%
TJX	A	0.28%
IBM	C	0.27%
TDC	D	0.27%
SYK	C	0.26%
AME	A	0.26%
VICI	C	0.25%
CLX	B	0.25%
GAP	C	0.25%
XEL	A	0.25%
SEE	C	0.25%
FLS	B	0.25%
WM	A	0.25%
EXC	C	0.24%
KMI	A	0.24%
TFC	A	0.24%
CNC	D	0.23%
CINF	A	0.22%
ED	D	0.22%
Z	A	0.22%
DOCU	A	0.22%
OC	A	0.22%
DOC	D	0.22%
INCY	C	0.22%
SKYW	B	0.21%
MGM	D	0.21%
HPE	B	0.21%
JCI	C	0.21%
AXP	A	0.2%
VMI	B	0.2%
MSI	B	0.2%
EQIX	A	0.2%
PNR	A	0.19%
NFLX	A	0.19%
DTE	C	0.19%
USFD	A	0.19%
FTI	A	0.19%
ALL	A	0.19%
BSX	B	0.19%
KEY	B	0.18%
SPG	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%
LNW	D	0.17%
MKL	A	0.17%
ACA	A	0.17%
CEG	D	0.17%
EQR	B	0.17%
GEHC	F	0.16%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	D	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%
AMGN	D	0.15%
RCL	A	0.15%
OXY	D	0.15%
WDC	D	0.14%
KMB	D	0.14%
AMT	D	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	A	0.13%
WDAY	B	0.13%
SWKS	F	0.13%
CCL	B	0.13%
ES	D	0.13%
TROW	B	0.13%
PH	A	0.12%
SOLV	C	0.12%
ITW	B	0.12%
SO	D	0.12%
WMB	A	0.12%
EEFT	B	0.12%
HWM	A	0.12%
KHC	F	0.12%
UHS	D	0.12%
BLD	D	0.11%
AIZ	A	0.11%
QRVO	F	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	B	0.11%
GRMN	B	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%
MHO	D	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%
CRUS	D	0.09%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
DELL	C	0.08%
LH	C	0.08%
HON	B	0.08%
BBWI	D	0.08%
IFF	D	0.08%
ALRM	C	0.08%
VST	B	0.07%
CMG	B	0.07%
REG	B	0.07%
BYD	C	0.07%
LYFT	C	0.07%
LOW	D	0.07%
WCC	B	0.07%
NWL	B	0.06%
NWSA	B	0.06%
EW	C	0.06%
UPS	C	0.06%
LEG	F	0.06%
ARW	D	0.06%
VSTS	C	0.06%
MDLZ	F	0.06%
OGE	B	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%
PLTK	B	0.05%
GIS	D	0.05%
NEM	D	0.05%
AM	A	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%
KLAC	D	0.03%
UAL	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 31 Positions Relative to LOWV

Symbol	Grade	Weight
MSFT	F	-8.14%
GOOG	C	-4.91%
FI	A	-2.47%
ORCL	B	-2.33%
V	A	-1.96%
MRK	F	-1.73%
INTU	C	-1.7%
AZO	C	-1.49%
KO	D	-1.34%
NOW	A	-1.17%
DOX	D	-1.14%
CBOE	B	-1.1%
LULU	C	-1.08%
G	B	-1.06%
EG	C	-1.05%
SHW	A	-1.02%
ACM	A	-0.96%
BKNG	A	-0.96%
NYT	C	-0.9%
LLY	F	-0.89%
YUM	B	-0.89%
RELX	C	-0.83%
GEN	B	-0.81%
AEE	A	-0.77%
DLB	B	-0.64%
MTB	A	-0.61%
AFG	A	-0.5%
ORLY	B	-0.48%
TSM	B	-0.48%
PAYX	C	-0.46%
NICE	C	-0.29%