FFLC vs. JOET ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.51

Average Daily Volume

94,792

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$36.57

Average Daily Volume

24,170

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	JOET
30 Days	2.52%	3.98%
60 Days	4.79%	5.96%
90 Days	4.60%	6.86%
12 Months	37.58%	28.77%

36 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in JOET	Overlap
AAPL	C	4.51%	0.79%	0.79%
ACGL	C	0.24%	0.9%	0.24%
ADI	C	0.55%	0.76%	0.55%
AMD	D	1.27%	0.8%	0.8%
AMZN	C	3.26%	0.77%	0.77%
CAT	B	0.75%	0.75%	0.75%
CB	B	0.97%	0.84%	0.84%
CEG	C	0.66%	0.81%	0.66%
CMG	C	0.42%	0.85%	0.42%
FSLR	C	0.25%	0.72%	0.25%
GOOGL	D	2.4%	0.7%	0.7%
HES	F	0.32%	0.66%	0.32%
HWM	B	0.67%	0.88%	0.67%
INTU	C	0.92%	0.78%	0.78%
IR	C	0.73%	0.7%	0.7%
JPM	D	0.98%	0.76%	0.76%
LEN	B	0.39%	0.8%	0.39%
LLY	C	1.93%	0.88%	0.88%
META	B	2.57%	0.85%	0.85%
MMC	C	0.53%	0.83%	0.53%
MSFT	C	7.7%	0.76%	0.76%
NFLX	B	1.06%	0.84%	0.84%
NVDA	D	3.39%	0.75%	0.75%
NVR	B	0.45%	0.83%	0.45%
NXPI	F	0.68%	0.7%	0.68%
ORCL	C	0.79%	0.88%	0.79%
PH	B	1.02%	0.82%	0.82%
PWR	B	0.92%	0.76%	0.76%
SNPS	F	0.44%	0.67%	0.44%
SYK	C	0.67%	0.86%	0.67%
TJX	B	1.2%	0.83%	0.83%
TT	B	0.26%	0.82%	0.26%
UBER	C	1.04%	0.84%	0.84%
URI	B	0.37%	0.73%	0.37%
V	C	1.63%	0.86%	0.86%
XOM	C	1.49%	0.74%	0.74%

FFLC Overweight 97 Positions Relative to JOET

Symbol	Grade	Weight
UNH	C	1.72%
ADBE	F	1.41%
BA	F	1.31%
BSX	B	1.23%
CMCSA	D	1.16%
WFC	D	1.08%
ETN	C	1.05%
TMO	B	1.03%
CRM	D	0.98%
NKE	D	0.92%
GE	B	0.9%
BAC	D	0.9%
KVUE	C	0.88%
DHR	B	0.82%
SO	B	0.82%
LIN	B	0.81%
REGN	C	0.76%
FCX	D	0.75%
KO	C	0.73%
APTV	D	0.71%
BKR	C	0.7%
SHOP	C	0.69%
ON	D	0.69%
LMT	C	0.68%
JBL	D	0.67%
GNRC	D	0.66%
VST	C	0.65%
KDP	B	0.63%
BKNG	C	0.61%
MS	D	0.6%
NOC	B	0.6%
SLB	F	0.6%
BJ	D	0.58%
TSM	C	0.58%
DIS	D	0.57%
PFGC	B	0.57%
CI	C	0.52%
FLEX	C	0.52%
LNG	C	0.51%
CNC	D	0.51%
RL	C	0.51%
ABNB	D	0.5%
WMT	C	0.49%
CE	F	0.49%
HLT	B	0.49%
MLM	D	0.48%
CLX	C	0.47%
AZN	D	0.47%
VRT	C	0.46%
BWXT	D	0.45%
CSCO	C	0.44%
WDAY	D	0.44%
DT	C	0.43%
KBR	D	0.42%
ESI	D	0.42%
ARES	B	0.41%
FCN	D	0.41%
SPOT	B	0.4%
ITT	B	0.39%
CBRE	A	0.39%
BLDR	C	0.39%
FOUR	C	0.39%
AVY	C	0.38%
EDR	A	0.37%
GS	C	0.33%
WSC	D	0.32%
HLI	B	0.32%
TRNO	C	0.32%
FTI	D	0.29%
GILD	B	0.29%
HOLX	C	0.28%
EL	F	0.27%
MDB	D	0.27%
CHDN	C	0.27%
SAM	F	0.27%
MRK	D	0.26%
GLPI	C	0.26%
ASML	F	0.25%
NVO	C	0.25%
AR	F	0.24%
FND	C	0.24%
TER	D	0.22%
WST	D	0.22%
DKS	D	0.21%
STZ	D	0.2%
WNS	F	0.19%
ESS	B	0.18%
FAF	B	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	C	0.16%
MU	F	0.14%
MASI	F	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	C	0.04%

FFLC Underweight 88 Positions Relative to JOET

Symbol	Grade	Weight
PLTR	B	-1.0%
MELI	B	-0.96%
PSA	B	-0.94%
WELL	C	-0.92%
AXON	B	-0.91%
IRM	C	-0.91%
AFL	C	-0.9%
PGR	B	-0.9%
CPNG	B	-0.89%
NU	B	-0.87%
CINF	C	-0.87%
APP	C	-0.87%
ROL	C	-0.87%
MA	B	-0.87%
TRV	C	-0.87%
COST	B	-0.86%
ISRG	B	-0.86%
WRB	C	-0.85%
HEI	B	-0.85%
CME	C	-0.85%
TW	B	-0.84%
ADSK	C	-0.84%
CTAS	B	-0.84%
EXR	B	-0.84%
TTD	B	-0.84%
AJG	D	-0.83%
CPAY	B	-0.83%
DHI	B	-0.83%
IT	B	-0.83%
SPGI	B	-0.83%
PANW	D	-0.83%
HIG	B	-0.83%
EXPE	C	-0.82%
BRK.A	C	-0.82%
PG	C	-0.82%
RCL	B	-0.81%
MPWR	C	-0.81%
ELV	C	-0.81%
HUBB	B	-0.81%
CHKP	B	-0.81%
NOW	B	-0.81%
BRO	C	-0.81%
CMI	C	-0.8%
PHM	B	-0.8%
ANET	B	-0.8%
CTSH	C	-0.8%
IBKR	B	-0.8%
GWW	B	-0.79%
TYL	C	-0.79%
GRMN	D	-0.79%
DECK	C	-0.78%
KKR	B	-0.78%
AXP	B	-0.78%
AVGO	C	-0.77%
RF	B	-0.77%
AMP	A	-0.77%
CDNS	D	-0.77%
NTRS	A	-0.77%
CRWD	D	-0.76%
EPD	B	-0.76%
FITB	B	-0.76%
CPRT	D	-0.76%
FAST	C	-0.76%
APH	D	-0.75%
PCAR	D	-0.75%
MTB	B	-0.75%
AME	C	-0.75%
PTC	D	-0.75%
MKL	C	-0.74%
HBAN	B	-0.74%
VRTX	D	-0.74%
EOG	D	-0.73%
DFS	C	-0.72%
XYL	D	-0.72%
CFG	C	-0.72%
KLAC	D	-0.71%
SYF	C	-0.71%
PSX	F	-0.7%
QCOM	D	-0.7%
AMAT	D	-0.68%
FCNCA	D	-0.68%
ICLR	D	-0.68%
APO	C	-0.68%
FANG	D	-0.67%
VLO	F	-0.67%
STLD	F	-0.65%
LRCX	F	-0.64%
SMCI	F	-0.45%