FFLC vs. PHDG ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)
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

$45.70

Average Daily Volume

97,360

Number of Holdings *

133

* may have additional holdings in another (foreign) market
PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.03

Average Daily Volume

13,932

Number of Holdings *

500

* may have additional holdings in another (foreign) market
Performance
Period FFLC PHDG
30 Days 5.05% 2.26%
60 Days 12.18% -2.53%
90 Days 3.63% 0.76%
12 Months 43.15% 25.03%
91 Overlapping Holdings
Symbol Grade Weight in FFLC Weight in PHDG Overlap
AAPL C 4.51% 3.97% 3.97%
ABNB D 0.5% 0.07% 0.07%
ACGL A 0.24% 0.05% 0.05%
ADBE F 1.41% 0.26% 0.26%
ADI B 0.55% 0.13% 0.13%
AMD C 1.27% 0.31% 0.31%
AMZN C 3.26% 2.01% 2.01%
APTV D 0.71% 0.02% 0.02%
AVY D 0.38% 0.02% 0.02%
BA F 1.31% 0.1% 0.1%
BAC B 0.9% 0.3% 0.3%
BKNG B 0.61% 0.16% 0.16%
BKR B 0.7% 0.04% 0.04%
BLDR C 0.39% 0.03% 0.03%
BSX A 1.23% 0.14% 0.14%
CAT A 0.75% 0.22% 0.22%
CB A 0.97% 0.12% 0.12%
CBRE C 0.39% 0.04% 0.04%
CE D 0.49% 0.02% 0.02%
CEG A 0.66% 0.09% 0.09%
CI D 0.52% 0.11% 0.11%
CLX C 0.47% 0.02% 0.02%
CMCSA B 1.16% 0.18% 0.18%
CMG C 0.42% 0.09% 0.09%
CNC F 0.51% 0.05% 0.05%
CRM B 0.98% 0.31% 0.31%
CSCO A 0.44% 0.24% 0.24%
DHR D 0.82% 0.2% 0.2%
DIS D 0.57% 0.2% 0.2%
EL D 0.27% 0.03% 0.03%
ESS D 0.18% 0.02% 0.02%
ETN B 1.05% 0.15% 0.15%
FCX B 0.75% 0.08% 0.08%
FSLR C 0.25% 0.03% 0.03%
GE B 0.9% 0.23% 0.23%
GILD A 0.29% 0.12% 0.12%
GNRC B 0.66% 0.01% 0.01%
GOOGL B 2.4% 1.1% 1.1%
GS B 0.33% 0.18% 0.18%
HES D 0.32% 0.04% 0.04%
HLT A 0.49% 0.07% 0.07%
HOLX D 0.28% 0.02% 0.02%
HWM A 0.67% 0.04% 0.04%
INTU F 0.92% 0.2% 0.2%
IR A 0.73% 0.05% 0.05%
JBL C 0.67% 0.02% 0.02%
JPM C 0.98% 0.68% 0.68%
KDP C 0.63% 0.04% 0.04%
KO C 0.73% 0.32% 0.32%
KVUE C 0.88% 0.05% 0.05%
LEN C 0.39% 0.05% 0.05%
LIN C 0.81% 0.26% 0.26%
LLY D 1.93% 0.79% 0.79%
LMT A 0.68% 0.14% 0.14%
META A 2.57% 1.42% 1.42%
MLM F 0.48% 0.04% 0.04%
MMC D 0.53% 0.13% 0.13%
MRK F 0.26% 0.33% 0.26%
MS A 0.6% 0.15% 0.15%
MSFT D 7.7% 3.65% 3.65%
MU D 0.14% 0.14% 0.14%
NFLX A 1.06% 0.35% 0.35%
NKE D 0.92% 0.12% 0.12%
NOC B 0.6% 0.08% 0.08%
NVDA B 3.39% 3.42% 3.39%
NVR C 0.45% 0.03% 0.03%
NXPI F 0.68% 0.07% 0.07%
ON F 0.69% 0.04% 0.04%
ORCL A 0.79% 0.31% 0.31%
PH A 1.02% 0.09% 0.09%
PWR A 0.92% 0.05% 0.05%
REGN D 0.76% 0.13% 0.13%
RL B 0.51% 0.01% 0.01%
SLB D 0.6% 0.07% 0.07%
SNPS F 0.44% 0.09% 0.09%
SO A 0.82% 0.11% 0.11%
STZ D 0.2% 0.05% 0.05%
SYK C 0.67% 0.14% 0.14%
TER C 0.22% 0.02% 0.02%
TJX D 1.2% 0.15% 0.15%
TMO D 1.03% 0.27% 0.27%
TT A 0.26% 0.1% 0.1%
UBER C 1.04% 0.18% 0.18%
UNH B 1.72% 0.61% 0.61%
URI C 0.37% 0.06% 0.06%
V B 1.63% 0.53% 0.53%
VST A 0.65% 0.04% 0.04%
WFC B 1.08% 0.22% 0.22%
WMT A 0.49% 0.4% 0.4%
WST D 0.22% 0.03% 0.03%
XOM A 1.49% 0.59% 0.59%
FFLC Overweight 42 Positions Relative to PHDG
Symbol Grade Weight
SHOP B 0.69%
BJ B 0.58%
TSM B 0.58%
PFGC A 0.57%
FLEX B 0.52%
LNG A 0.51%
AZN D 0.47%
VRT B 0.46%
BWXT A 0.45%
WDAY D 0.44%
DT B 0.43%
KBR A 0.42%
ESI C 0.42%
ARES A 0.41%
FCN C 0.41%
SPOT C 0.4%
ITT C 0.39%
FOUR A 0.39%
EDR A 0.37%
WSC D 0.32%
HLI A 0.32%
TRNO D 0.32%
FTI B 0.29%
MDB D 0.27%
CHDN C 0.27%
SAM D 0.27%
GLPI C 0.26%
ASML F 0.25%
NVO F 0.25%
AR C 0.24%
FND C 0.24%
DKS D 0.21%
WNS F 0.19%
FAF C 0.18%
OI D 0.17%
NFE F 0.16%
OWL A 0.16%
MASI B 0.12%
AGL F 0.12%
LEGN F 0.12%
LFST C 0.06%
MRVL C 0.04%
FFLC Underweight 409 Positions Relative to PHDG
Symbol Grade Weight
BRK.A B -0.96%
AVGO B -0.92%
GOOG B -0.91%
TSLA C -0.83%
MA A -0.47%
PG D -0.47%
COST C -0.45%
HD A -0.45%
JNJ D -0.44%
ABBV C -0.39%
CVX B -0.28%
PEP F -0.27%
MCD A -0.25%
ACN B -0.25%
ABT C -0.23%
IBM A -0.23%
PM D -0.22%
QCOM D -0.22%
VZ C -0.22%
TXN C -0.22%
NOW B -0.21%
ISRG C -0.2%
AMGN D -0.2%
NEE C -0.2%
SPGI C -0.19%
PFE D -0.19%
AMAT C -0.19%
T B -0.18%
RTX A -0.18%
PGR B -0.17%
UNP F -0.17%
LOW C -0.17%
AXP A -0.17%
HON C -0.16%
BLK A -0.15%
C B -0.14%
VRTX D -0.14%
ELV F -0.14%
COP D -0.14%
SBUX B -0.13%
BX C -0.13%
ADP A -0.13%
MDT C -0.13%
PLD D -0.13%
INTC D -0.12%
FI A -0.12%
BMY A -0.12%
KLAC B -0.12%
DE C -0.12%
AMT D -0.12%
LRCX D -0.12%
PANW B -0.12%
SCHW D -0.11%
ANET A -0.11%
UPS D -0.11%
MDLZ D -0.11%
TMUS A -0.11%
EQIX C -0.1%
CL D -0.1%
MO D -0.1%
ZTS C -0.1%
KKR A -0.1%
SHW C -0.1%
DUK C -0.1%
ICE A -0.1%
MSI A -0.09%
MCO D -0.09%
HCA C -0.09%
CDNS D -0.09%
WM B -0.09%
AON A -0.09%
MMM C -0.09%
GD C -0.09%
CVS D -0.09%
APH D -0.09%
CME A -0.09%
TDG A -0.09%
PYPL A -0.09%
CRWD D -0.08%
ORLY A -0.08%
APD C -0.08%
CARR A -0.08%
CSX D -0.08%
GEV A -0.08%
BDX C -0.08%
CTAS C -0.08%
EOG B -0.08%
USB C -0.08%
ITW C -0.08%
TGT C -0.08%
PNC C -0.08%
WELL C -0.08%
PLTR A -0.08%
PSA C -0.07%
TFC D -0.07%
COF A -0.07%
ADSK B -0.07%
MAR A -0.07%
ROP D -0.07%
FDX F -0.07%
AJG C -0.07%
NEM C -0.07%
EMR B -0.07%
MCK F -0.07%
ECL C -0.07%
D A -0.06%
KMB D -0.06%
FTNT A -0.06%
DLR C -0.06%
MET A -0.06%
ALL A -0.06%
CCI D -0.06%
ROST D -0.06%
SPG A -0.06%
PCAR D -0.06%
JCI C -0.06%
OKE A -0.06%
SRE C -0.06%
GM D -0.06%
BK A -0.06%
AEP C -0.06%
TRV B -0.06%
AZO D -0.06%
MPC D -0.06%
O C -0.06%
WMB A -0.06%
AFL A -0.06%
PSX D -0.06%
NSC C -0.06%
DHI C -0.06%
YUM C -0.05%
IT A -0.05%
AME C -0.05%
EW F -0.05%
IQV F -0.05%
EXC C -0.05%
RSG D -0.05%
CTVA A -0.05%
FAST C -0.05%
GIS C -0.05%
RCL B -0.05%
KMI A -0.05%
IDXX D -0.05%
OTIS A -0.05%
F D -0.05%
PCG C -0.05%
PAYX B -0.05%
PRU B -0.05%
A B -0.05%
MCHP F -0.05%
PEG A -0.05%
VLO F -0.05%
LHX A -0.05%
CMI A -0.05%
MPWR B -0.05%
GWW B -0.05%
CPRT B -0.05%
MSCI B -0.05%
FIS A -0.05%
TEL D -0.05%
AMP A -0.05%
AIG C -0.05%
FICO C -0.05%
FANG D -0.04%
CDW D -0.04%
CSGP F -0.04%
TSCO A -0.04%
ROK D -0.04%
KHC F -0.04%
EBAY A -0.04%
PPG D -0.04%
MTD C -0.04%
AVB C -0.04%
CHTR D -0.04%
LULU D -0.04%
WAB A -0.04%
TRGP A -0.04%
XYL C -0.04%
VMC D -0.04%
DAL C -0.04%
EIX C -0.04%
IRM B -0.04%
OXY D -0.04%
DELL C -0.04%
HPQ B -0.04%
HIG A -0.04%
VICI C -0.04%
GLW C -0.04%
DFS A -0.04%
RMD C -0.04%
EA D -0.04%
EFX D -0.04%
XEL C -0.04%
NUE D -0.04%
ED C -0.04%
ODFL F -0.04%
MNST D -0.04%
COR F -0.04%
DD C -0.04%
EXR D -0.04%
VRSK D -0.04%
KR C -0.04%
CTSH B -0.04%
HUM F -0.04%
SYY D -0.04%
DOW B -0.04%
GEHC C -0.04%
PTC B -0.03%
CPAY A -0.03%
MRNA F -0.03%
GDDY B -0.03%
ZBH F -0.03%
WDC C -0.03%
FE C -0.03%
RJF B -0.03%
HUBB A -0.03%
AEE A -0.03%
STE D -0.03%
ES D -0.03%
PPL C -0.03%
BRO A -0.03%
TTWO D -0.03%
TROW D -0.03%
SW C -0.03%
WY C -0.03%
DECK B -0.03%
DVN F -0.03%
TYL D -0.03%
LYB B -0.03%
NTAP D -0.03%
BR B -0.03%
HAL D -0.03%
CHD D -0.03%
EQR C -0.03%
SBAC C -0.03%
GPN F -0.03%
VTR C -0.03%
HPE B -0.03%
DTE B -0.03%
DOV C -0.03%
STT A -0.03%
DXCM F -0.03%
GRMN D -0.03%
CAH B -0.03%
IFF D -0.03%
VLTO A -0.03%
KEYS B -0.03%
FTV C -0.03%
AXON A -0.03%
ETR A -0.03%
AWK D -0.03%
ANSS D -0.03%
BIIB F -0.03%
HSY D -0.03%
MTB A -0.03%
FITB C -0.03%
ADM F -0.03%
WTW C -0.03%
NDAQ C -0.03%
WEC B -0.03%
PHM C -0.03%
CPT C -0.02%
EMN C -0.02%
ERIE A -0.02%
UDR C -0.02%
UHS D -0.02%
VTRS D -0.02%
BG F -0.02%
JBHT D -0.02%
ROL C -0.02%
NDSN C -0.02%
EVRG C -0.02%
AES C -0.02%
L C -0.02%
POOL D -0.02%
MRO B -0.02%
DPZ D -0.02%
TRMB B -0.02%
GEN A -0.02%
DLTR F -0.02%
SNA C -0.02%
KIM C -0.02%
NI A -0.02%
AKAM D -0.02%
LYV A -0.02%
CAG D -0.02%
RVTY C -0.02%
LNT B -0.02%
KEY B -0.02%
ENPH F -0.02%
CF A -0.02%
SWKS F -0.02%
DOC C -0.02%
PNR C -0.02%
IEX D -0.02%
PODD C -0.02%
AMCR C -0.02%
VRSN C -0.02%
TXT F -0.02%
SWK C -0.02%
IP C -0.02%
TSN D -0.02%
EG A -0.02%
WRB C -0.02%
DGX D -0.02%
FDS C -0.02%
CTRA D -0.02%
LUV B -0.02%
ALGN D -0.02%
EXPD D -0.02%
MAS C -0.02%
NTRS B -0.02%
MAA D -0.02%
CFG C -0.02%
PFG A -0.02%
CNP B -0.02%
STLD C -0.02%
LVS B -0.02%
WBD F -0.02%
CCL C -0.02%
EXPE B -0.02%
ZBRA B -0.02%
ARE D -0.02%
NRG A -0.02%
UAL A -0.02%
PKG B -0.02%
DG F -0.02%
ULTA D -0.02%
J F -0.02%
GPC D -0.02%
BBY C -0.02%
BAX D -0.02%
DRI C -0.02%
SYF A -0.02%
MOH F -0.02%
OMC C -0.02%
INVH D -0.02%
TDY A -0.02%
ATO A -0.02%
BALL C -0.02%
MKC C -0.02%
CMS A -0.02%
RF B -0.02%
WAT B -0.02%
SMCI F -0.02%
HBAN B -0.02%
STX C -0.02%
K B -0.02%
CINF A -0.02%
CBOE B -0.02%
LDOS A -0.02%
EQT C -0.02%
FOX B -0.01%
PARA F -0.01%
BEN F -0.01%
WBA F -0.01%
BBWI F -0.01%
IVZ A -0.01%
PAYC D -0.01%
FMC C -0.01%
BWA C -0.01%
MHK C -0.01%
DVA C -0.01%
FRT D -0.01%
MOS F -0.01%
GL C -0.01%
APA F -0.01%
NCLH C -0.01%
CZR B -0.01%
HRL F -0.01%
WYNN B -0.01%
SOLV C -0.01%
HSIC D -0.01%
HAS A -0.01%
DAY C -0.01%
LW D -0.01%
MKTX B -0.01%
CPB D -0.01%
FOXA B -0.01%
MGM D -0.01%
QRVO F -0.01%
PNW C -0.01%
MTCH B -0.01%
NWSA D -0.01%
CRL F -0.01%
HII F -0.01%
TAP D -0.01%
AIZ B -0.01%
INCY B -0.01%
LKQ F -0.01%
CTLT A -0.01%
AOS C -0.01%
TPR B -0.01%
ALB D -0.01%
EPAM F -0.01%
BXP B -0.01%
TFX C -0.01%
REG C -0.01%
IPG D -0.01%
KMX F -0.01%
TECH D -0.01%
ALLE A -0.01%
JNPR C -0.01%
CHRW C -0.01%
HST D -0.01%
FFIV B -0.01%
JKHY A -0.01%
SJM D -0.01%
NWS D -0.0%
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