FELV vs. TEQI ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to T. Rowe Price Equity Income ETF (TEQI)

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

$31.79

Average Daily Volume

103,773

Number of Holdings ^*

323

* may have additional holdings in another (foreign) market

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$42.47

Average Daily Volume

26,768

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	FELV	TEQI
30 Days	0.49%	0.18%
60 Days	4.07%	3.25%
90 Days	7.11%	5.19%
12 Months		26.18%

66 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in TEQI	Overlap
ABBV	F	0.88%	0.27%	0.27%
ACN	C	0.34%	0.8%	0.34%
AMAT	F	0.46%	1.13%	0.46%
AMD	F	0.06%	0.15%	0.06%
BAC	A	1.71%	0.58%	0.58%
BDX	F	0.69%	1.72%	0.69%
BIIB	F	0.33%	0.27%	0.27%
BK	A	0.62%	0.15%	0.15%
BKR	A	0.1%	0.31%	0.1%
BMY	B	0.92%	0.59%	0.59%
C	A	0.27%	1.34%	0.27%
CAH	B	0.3%	0.15%	0.15%
CI	D	0.63%	1.13%	0.63%
CL	D	0.51%	0.75%	0.51%
CMCSA	B	1.14%	0.62%	0.62%
CMI	A	0.33%	0.63%	0.33%
CNC	F	0.23%	0.17%	0.17%
COP	C	0.54%	0.35%	0.35%
CRM	A	0.23%	0.22%	0.22%
CSCO	B	1.07%	0.28%	0.28%
CSX	B	0.37%	0.46%	0.37%
CVS	F	0.29%	1.09%	0.29%
CVX	A	0.51%	0.18%	0.18%
DIS	A	0.7%	1.03%	0.7%
ELV	F	0.12%	2.3%	0.12%
EOG	A	0.45%	0.58%	0.45%
EQR	C	0.17%	1.49%	0.17%
GE	D	1.07%	2.05%	1.07%
GEHC	D	0.16%	0.29%	0.16%
GEV	A	0.3%	0.59%	0.3%
GS	A	0.34%	0.04%	0.04%
HD	A	0.44%	0.12%	0.12%
HON	A	0.08%	0.33%	0.08%
HUM	F	0.1%	0.16%	0.1%
INTC	C	0.85%	0.34%	0.34%
JNJ	D	1.14%	1.17%	1.14%
JPM	A	2.81%	1.41%	1.41%
KMB	C	0.13%	1.63%	0.13%
L	A	0.34%	1.01%	0.34%
LHX	B	0.43%	1.81%	0.43%
MDLZ	F	0.06%	0.1%	0.06%
MDT	D	0.39%	0.98%	0.39%
MMM	D	0.6%	0.34%	0.34%
MS	A	0.53%	0.33%	0.33%
NEE	C	0.78%	0.9%	0.78%
NSC	B	0.58%	0.57%	0.57%
NWS	A	0.03%	0.08%	0.03%
NWSA	B	0.06%	1.57%	0.06%
PCG	A	0.38%	0.16%	0.16%
PFE	F	0.88%	0.48%	0.48%
PM	A	1.22%	1.75%	1.22%
QCOM	F	0.47%	1.96%	0.47%
SCHW	A	0.83%	1.49%	0.83%
SO	C	0.07%	2.29%	0.07%
T	A	0.98%	0.14%	0.14%
TJX	A	0.27%	0.34%	0.27%
TMO	D	0.79%	0.37%	0.37%
TXN	C	0.16%	0.97%	0.16%
UNH	B	1.64%	1.57%	1.57%
UNP	D	0.76%	0.19%	0.19%
UPS	C	0.06%	1.03%	0.06%
VZ	C	0.65%	0.35%	0.35%
WFC	A	1.01%	2.02%	1.01%
WMB	A	0.12%	0.56%	0.12%
WMT	A	1.73%	1.23%	1.23%
XOM	B	2.47%	1.61%	1.61%

FELV Overweight 257 Positions Relative to TEQI

Symbol	Grade	Weight
BRK.A	A	3.54%
PG	C	1.18%
GILD	B	0.99%
MU	D	0.95%
PYPL	A	0.79%
ETN	A	0.77%
RTX	D	0.72%
PNC	A	0.72%
SPGI	C	0.71%
SQ	A	0.69%
NOC	D	0.67%
LMT	D	0.67%
ZM	B	0.66%
RSG	B	0.65%
CVNA	A	0.62%
AON	A	0.59%
CACI	C	0.58%
LDOS	C	0.58%
PPG	F	0.57%
SSNC	D	0.57%
SEIC	A	0.57%
CME	A	0.56%
CAT	B	0.55%
TXT	D	0.55%
TMUS	A	0.55%
CCI	D	0.55%
CTAS	B	0.54%
ALLE	D	0.53%
TT	A	0.52%
ABT	B	0.52%
PSA	C	0.51%
IGT	F	0.5%
ECL	D	0.5%
WAB	B	0.49%
STLD	B	0.48%
DD	D	0.48%
COF	A	0.48%
TWLO	A	0.46%
LIN	D	0.46%
DBX	C	0.44%
PCAR	B	0.4%
MMC	C	0.38%
ADBE	F	0.37%
TPH	D	0.36%
NUE	D	0.36%
EXEL	B	0.36%
UNM	A	0.36%
PGR	B	0.35%
DVN	F	0.34%
EVRG	A	0.34%
BRX	A	0.34%
FTV	D	0.33%
ZBRA	B	0.33%
PRU	A	0.33%
F	C	0.32%
KR	B	0.31%
LPX	A	0.31%
VEEV	C	0.3%
DOCU	A	0.3%
MCD	D	0.28%
MA	A	0.28%
TOL	B	0.28%
VMC	B	0.28%
DUK	C	0.27%
ANF	C	0.27%
CINF	A	0.27%
TRV	A	0.27%
TDC	F	0.27%
IBM	D	0.27%
FR	D	0.27%
GL	B	0.27%
MO	A	0.26%
WTW	B	0.26%
SYK	A	0.25%
SEE	B	0.25%
FLS	A	0.25%
WM	B	0.25%
GAP	C	0.25%
VICI	C	0.24%
CLX	A	0.24%
XEL	A	0.24%
EXC	C	0.23%
KMI	A	0.23%
DOC	D	0.23%
TFC	A	0.23%
INCY	B	0.23%
JCI	A	0.22%
ED	D	0.22%
SKYW	A	0.21%
HPE	B	0.21%
OC	A	0.21%
META	C	0.21%
Z	A	0.2%
AXP	A	0.2%
MGM	D	0.2%
EQIX	B	0.2%
MSI	A	0.2%
VMI	B	0.2%
AVGO	C	0.2%
AAPL	C	0.19%
IQV	F	0.19%
MSCI	A	0.19%
TMHC	B	0.19%
USFD	B	0.19%
MTDR	C	0.18%
NFLX	A	0.18%
CEG	D	0.18%
ALL	A	0.18%
SPG	A	0.18%
ICE	D	0.18%
ITT	A	0.18%
CCK	D	0.18%
BSX	B	0.18%
PNR	A	0.18%
MEDP	D	0.18%
NVDA	B	0.18%
LNW	D	0.18%
ILMN	C	0.17%
AMGN	D	0.17%
KEY	A	0.17%
DHR	D	0.17%
ACA	B	0.17%
GD	D	0.16%
AES	F	0.16%
EIX	C	0.16%
AME	A	0.16%
PFG	C	0.16%
ZG	A	0.16%
JXN	B	0.16%
RCL	A	0.15%
CNP	A	0.14%
WDC	F	0.14%
TAP	A	0.14%
BBY	C	0.14%
STT	A	0.14%
FANG	D	0.14%
KHC	F	0.13%
PKG	B	0.13%
WDAY	B	0.13%
CCL	A	0.13%
UHS	D	0.13%
ES	C	0.13%
TROW	A	0.13%
SWKS	F	0.13%
FTI	A	0.13%
PH	A	0.12%
ITW	B	0.12%
NTAP	D	0.12%
BMRN	F	0.12%
HWM	A	0.12%
SOLV	C	0.12%
HAL	C	0.12%
EEFT	C	0.12%
ADP	B	0.11%
CRC	B	0.11%
QGEN	D	0.11%
ROST	D	0.11%
AM	A	0.11%
BLD	F	0.11%
QRVO	F	0.11%
BCC	B	0.11%
MHO	D	0.11%
ENS	D	0.11%
BKH	A	0.11%
AMH	C	0.11%
CRUS	F	0.1%
ADTN	A	0.1%
AMT	D	0.1%
ADM	D	0.1%
VRTX	C	0.1%
AIZ	A	0.1%
PEG	C	0.1%
WBD	B	0.09%
TPR	A	0.09%
DTE	C	0.09%
IFF	D	0.09%
CNO	A	0.09%
KD	A	0.09%
GPN	B	0.09%
GRMN	B	0.09%
A	D	0.09%
WCC	A	0.08%
DASH	B	0.08%
DELL	C	0.08%
ACT	C	0.08%
MKC	D	0.08%
BAX	F	0.08%
LH	B	0.08%
AEP	C	0.08%
OXY	F	0.08%
TRGP	A	0.08%
CMG	B	0.07%
REG	A	0.07%
BYD	A	0.07%
LOW	A	0.07%
BBWI	C	0.06%
CW	B	0.06%
NWL	B	0.06%
SON	D	0.06%
LEG	F	0.06%
EA	A	0.06%
ARW	D	0.06%
VST	A	0.06%
VSTS	F	0.06%
OGE	A	0.06%
NMRK	B	0.06%
CTRA	A	0.05%
SAM	B	0.05%
DFS	A	0.05%
TRMB	A	0.05%
ALKS	B	0.05%
GLPI	D	0.05%
FHI	A	0.05%
PLTK	A	0.05%
NEM	F	0.05%
GIS	D	0.05%
EW	C	0.05%
VLTO	D	0.04%
MATX	B	0.04%
ADI	D	0.04%
ALRM	C	0.04%
MSA	D	0.04%
INGR	B	0.04%
HL	D	0.04%
CSGP	F	0.04%
CWEN	D	0.04%
AXTA	A	0.03%
ITRI	B	0.03%
WOOF	D	0.03%
SYF	A	0.03%
RGA	A	0.03%
TFX	F	0.03%
KLAC	F	0.03%
RJF	A	0.03%
WS	B	0.03%
EXTR	B	0.03%
AMZN	B	0.03%
DHI	D	0.03%
ELAN	C	0.03%
GLW	B	0.02%
CWEN	D	0.02%
AYI	A	0.02%
TENB	D	0.02%
SWI	B	0.02%
BERY	D	0.02%
OKTA	D	0.02%
OGN	F	0.02%
TNL	A	0.01%
FTDR	B	0.01%
MCK	A	0.01%
MUR	F	0.01%
CXT	D	0.01%
DGX	A	0.01%
ANSS	B	0.01%
AXS	A	0.01%
LYFT	B	0.01%
M	C	0.01%

FELV Underweight 46 Positions Relative to TEQI

Symbol	Grade	Weight
CB	C	-2.08%
MET	A	-2.06%
TTE	F	-1.99%
AIG	B	-1.85%
CF	A	-1.72%
KVUE	A	-1.68%
SWK	F	-1.62%
WY	D	-1.54%
MSFT	D	-1.48%
ZBH	C	-1.47%
IP	A	-1.47%
HIG	C	-1.43%
EQH	B	-1.39%
HBAN	A	-1.22%
D	C	-1.17%
FI	A	-1.13%
LVS	C	-1.12%
AEE	A	-1.04%
USB	B	-0.99%
BA	F	-0.92%
FITB	A	-0.92%
AZN	F	-0.88%
NXPI	F	-0.87%
CAG	F	-0.87%
LUV	A	-0.84%
TSN	A	-0.83%
SNY	D	-0.83%
SRE	A	-0.77%
RYN	D	-0.76%
VTRS	A	-0.7%
EQT	A	-0.61%
REXR	F	-0.54%
MAT	C	-0.48%
GM	A	-0.41%
MRO	A	-0.4%
MRK	F	-0.34%
KSS	F	-0.33%
SRCL	B	-0.32%
DG	F	-0.3%
APO	A	-0.28%
NI	A	-0.25%
HES	B	-0.23%
SLB	C	-0.18%
ROK	A	-0.15%
ATO	A	-0.1%
VNO	B	-0.07%