FELV vs. MTUM ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to iShares MSCI USA Momentum Factor ETF (MTUM)

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

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$215.16

Average Daily Volume

840,198

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FELV	MTUM
30 Days	4.38%	3.53%
60 Days	5.85%	6.25%
90 Days	7.57%	8.85%
12 Months	29.90%	43.02%

55 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in MTUM	Overlap
AEP	D	0.08%	0.4%	0.08%
ALL	A	0.19%	0.41%	0.19%
AVGO	D	0.12%	4.72%	0.12%
AXP	A	0.2%	1.53%	0.2%
BK	A	0.63%	0.48%	0.48%
BSX	B	0.19%	1.25%	0.19%
C	A	0.48%	1.08%	0.48%
CEG	D	0.17%	1.12%	0.17%
CL	D	0.54%	0.79%	0.54%
CTAS	B	0.43%	0.91%	0.43%
DELL	C	0.08%	0.49%	0.08%
DFS	B	0.05%	0.38%	0.05%
DGX	A	0.01%	0.09%	0.01%
DHI	D	0.03%	0.37%	0.03%
DOC	D	0.22%	0.08%	0.08%
DUK	C	0.28%	0.88%	0.28%
EIX	B	0.17%	0.26%	0.17%
EQR	B	0.17%	0.17%	0.17%
GE	D	1.05%	2.96%	1.05%
GRMN	B	0.11%	0.42%	0.11%
GS	A	0.34%	2.0%	0.34%
HWM	A	0.12%	0.73%	0.12%
ICE	C	0.18%	0.72%	0.18%
IFF	D	0.08%	0.16%	0.08%
JPM	A	2.93%	5.48%	2.93%
KLAC	D	0.03%	0.8%	0.03%
LDOS	C	0.47%	0.24%	0.24%
LMT	D	0.64%	1.37%	0.64%
MMM	D	0.6%	1.21%	0.6%
MO	A	0.28%	1.19%	0.28%
MSI	B	0.2%	1.0%	0.2%
NEE	D	0.81%	2.24%	0.81%
NEM	D	0.05%	0.79%	0.05%
NTAP	C	0.12%	0.31%	0.12%
NVDA	C	0.17%	5.34%	0.17%
PEG	A	0.1%	0.5%	0.1%
PGR	A	0.35%	1.88%	0.35%
PHM	D	0.01%	0.31%	0.01%
PKG	A	0.13%	0.16%	0.13%
PM	B	1.31%	2.93%	1.31%
RSG	A	0.66%	0.36%	0.36%
RTX	C	0.7%	2.19%	0.7%
SO	D	0.12%	1.15%	0.12%
SYF	B	0.03%	0.22%	0.03%
TJX	A	0.28%	1.09%	0.28%
TRGP	B	0.09%	0.61%	0.09%
TT	A	0.52%	1.13%	0.52%
TXN	C	0.16%	1.86%	0.16%
UHS	D	0.12%	0.11%	0.11%
VLTO	D	0.04%	0.31%	0.04%
VRTX	F	0.09%	0.95%	0.09%
VST	B	0.07%	0.82%	0.07%
WAB	B	0.45%	0.33%	0.33%
WMB	A	0.12%	0.63%	0.12%
WMT	A	1.76%	4.93%	1.76%

FELV Overweight 277 Positions Relative to MTUM

Symbol	Grade	Weight
BRK.A	B	3.64%
XOM	B	2.51%
BAC	A	1.77%
UNH	C	1.57%
PG	A	1.24%
WFC	A	1.22%
CMCSA	B	1.13%
CSCO	B	1.07%
JNJ	D	1.02%
T	A	1.02%
GILD	C	0.92%
SCHW	B	0.88%
MU	D	0.86%
PFE	D	0.85%
ABBV	D	0.85%
INTC	D	0.85%
BMY	B	0.84%
DIS	B	0.8%
PYPL	B	0.79%
ETN	A	0.76%
UNP	C	0.75%
BDX	F	0.74%
TMO	F	0.73%
SQ	B	0.7%
PNC	B	0.7%
VZ	C	0.68%
NOC	D	0.63%
SPGI	C	0.63%
CVNA	B	0.62%
CI	F	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%
PSA	D	0.52%
ECL	D	0.5%
QCOM	F	0.5%
SSNC	B	0.5%
DD	D	0.48%
COF	B	0.47%
CACI	D	0.46%
LIN	D	0.46%
LHX	C	0.45%
HD	A	0.45%
DBX	B	0.42%
AMAT	F	0.42%
MDT	D	0.4%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
MMC	B	0.38%
ADBE	C	0.37%
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%
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%
FR	C	0.28%
MCD	D	0.28%
VMC	B	0.28%
VEEV	C	0.28%
TOL	B	0.28%
MA	C	0.28%
GL	B	0.28%
TRV	B	0.28%
GEV	B	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	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%
CRM	B	0.22%
INCY	C	0.22%
SKYW	B	0.21%
MGM	D	0.21%
META	D	0.21%
HPE	B	0.21%
JCI	C	0.21%
VMI	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%
MSCI	C	0.19%
AAPL	C	0.19%
KEY	B	0.18%
SPG	B	0.18%
ITT	A	0.18%
TMHC	B	0.18%
ZG	A	0.18%
DHR	F	0.17%
PRU	A	0.17%
IQV	D	0.17%
LNW	D	0.17%
MKL	A	0.17%
ACA	A	0.17%
GEHC	F	0.16%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	D	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%
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%
EEFT	B	0.12%
KHC	F	0.12%
BLD	D	0.11%
AIZ	A	0.11%
QRVO	F	0.11%
EA	A	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	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%
ADP	B	0.1%
MHO	D	0.1%
FANG	D	0.09%
A	D	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%
CRUS	D	0.09%
AMZN	C	0.08%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
LH	C	0.08%
HON	B	0.08%
BBWI	D	0.08%
ALRM	C	0.08%
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%
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%
AM	A	0.04%
ADI	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%
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%
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%
CXT	B	0.01%
BLDR	D	0.01%
ROP	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 69 Positions Relative to MTUM

Symbol	Grade	Weight
LLY	F	-3.82%
COST	B	-3.63%
KO	D	-2.71%
ISRG	A	-1.54%
KKR	A	-1.3%
ANET	C	-1.17%
PLTR	B	-1.02%
APH	A	-0.97%
FI	A	-0.9%
CB	C	-0.9%
MSTR	C	-0.89%
WELL	A	-0.84%
AFL	B	-0.78%
APP	B	-0.74%
TDG	D	-0.7%
MCO	B	-0.7%
VRT	B	-0.63%
FICO	B	-0.6%
AJG	B	-0.59%
IRM	D	-0.48%
HIG	B	-0.46%
PWR	A	-0.43%
EME	C	-0.38%
ACGL	D	-0.35%
CBRE	B	-0.34%
GDDY	A	-0.34%
TPL	A	-0.33%
AXON	A	-0.32%
VTR	C	-0.31%
ALNY	D	-0.3%
KDP	D	-0.3%
AVB	B	-0.29%
RMD	C	-0.29%
K	A	-0.29%
NDAQ	A	-0.28%
LEN	D	-0.28%
NRG	B	-0.27%
BRO	B	-0.27%
EBAY	D	-0.25%
FITB	A	-0.25%
MPWR	F	-0.24%
LII	A	-0.24%
TYL	B	-0.23%
CSL	C	-0.23%
NVR	D	-0.23%
SW	A	-0.22%
DOV	A	-0.22%
HEI	B	-0.16%
ESS	B	-0.15%
IP	B	-0.15%
HOOD	B	-0.15%
UTHR	C	-0.15%
ERIE	D	-0.13%
HEI	B	-0.12%
MAA	B	-0.12%
CFG	B	-0.11%
DKS	C	-0.1%
NI	A	-0.09%
FNF	B	-0.08%
AMCR	D	-0.08%
FOXA	B	-0.07%
CPT	B	-0.07%
FOX	A	-0.07%
DVA	B	-0.07%
CHRW	C	-0.06%
ALLY	C	-0.06%
UDR	B	-0.05%
LNT	A	-0.05%
EQH	B	-0.03%