FFLC vs. SDY ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to SPDR S&P Dividend ETF (SDY)

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

$45.35

Average Daily Volume

95,481

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

SDY

SPDR S&P Dividend ETF

SDY Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the S&P High Yield Dividend Aristocrats Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the highest dividend yielding S&P Composite 1500Â® Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years. It is non-diversified.

Grade (RS Rating)

Last Trade

$140.03

Average Daily Volume

222,793

Number of Holdings ^*

132

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	SDY
30 Days	2.14%	2.54%
60 Days	3.75%	6.40%
90 Days	4.49%	9.61%
12 Months	40.09%	22.19%

15 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in SDY	Overlap
ADI	C	0.55%	0.68%	0.55%
CAT	B	0.75%	0.75%	0.75%
CB	B	0.97%	0.68%	0.68%
CLX	C	0.47%	1.19%	0.47%
ESS	C	0.18%	1.08%	0.18%
KO	B	0.73%	1.42%	0.73%
KVUE	C	0.88%	2.41%	0.88%
LIN	B	0.81%	0.58%	0.58%
LMT	B	0.68%	1.28%	0.68%
NKE	D	0.92%	0.94%	0.92%
NOC	A	0.6%	0.95%	0.6%
SO	A	0.82%	1.72%	0.82%
WMT	B	0.49%	0.6%	0.49%
WST	D	0.22%	0.09%	0.09%
XOM	D	1.49%	1.38%	1.38%

FFLC Overweight 118 Positions Relative to SDY

Symbol	Grade	Weight
MSFT	C	7.7%
AAPL	C	4.51%
NVDA	D	3.39%
AMZN	C	3.26%
META	A	2.57%
GOOGL	D	2.4%
LLY	C	1.93%
UNH	C	1.72%
V	C	1.63%
ADBE	F	1.41%
BA	F	1.31%
AMD	D	1.27%
BSX	B	1.23%
TJX	C	1.2%
CMCSA	D	1.16%
WFC	D	1.08%
NFLX	B	1.06%
ETN	C	1.05%
UBER	C	1.04%
TMO	C	1.03%
PH	A	1.02%
JPM	D	0.98%
CRM	D	0.98%
INTU	C	0.92%
PWR	B	0.92%
GE	A	0.9%
BAC	D	0.9%
DHR	C	0.82%
ORCL	B	0.79%
REGN	C	0.76%
FCX	D	0.75%
IR	C	0.73%
APTV	D	0.71%
BKR	C	0.7%
SHOP	C	0.69%
ON	F	0.69%
NXPI	D	0.68%
SYK	C	0.67%
HWM	B	0.67%
JBL	D	0.67%
GNRC	D	0.66%
CEG	A	0.66%
VST	A	0.65%
KDP	B	0.63%
BKNG	B	0.61%
MS	C	0.6%
SLB	F	0.6%
BJ	D	0.58%
TSM	C	0.58%
DIS	D	0.57%
PFGC	B	0.57%
MMC	C	0.53%
CI	C	0.52%
FLEX	C	0.52%
LNG	C	0.51%
CNC	C	0.51%
RL	B	0.51%
ABNB	D	0.5%
CE	F	0.49%
HLT	B	0.49%
MLM	D	0.48%
AZN	D	0.47%
VRT	C	0.46%
NVR	B	0.45%
BWXT	C	0.45%
SNPS	D	0.44%
CSCO	B	0.44%
WDAY	D	0.44%
DT	C	0.43%
KBR	D	0.42%
ESI	D	0.42%
CMG	C	0.42%
ARES	A	0.41%
FCN	C	0.41%
SPOT	B	0.4%
ITT	B	0.39%
LEN	C	0.39%
CBRE	A	0.39%
BLDR	C	0.39%
FOUR	C	0.39%
AVY	D	0.38%
EDR	A	0.37%
URI	B	0.37%
GS	C	0.33%
WSC	D	0.32%
HLI	A	0.32%
TRNO	C	0.32%
HES	D	0.32%
FTI	D	0.29%
GILD	B	0.29%
HOLX	C	0.28%
EL	F	0.27%
MDB	D	0.27%
CHDN	D	0.27%
SAM	F	0.27%
MRK	D	0.26%
GLPI	C	0.26%
TT	A	0.26%
ASML	F	0.25%
NVO	D	0.25%
FSLR	C	0.25%
AR	D	0.24%
ACGL	B	0.24%
FND	C	0.24%
TER	D	0.22%
DKS	D	0.21%
STZ	D	0.2%
WNS	F	0.19%
FAF	C	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	C	0.16%
MU	F	0.14%
MASI	D	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	C	0.04%

FFLC Underweight 117 Positions Relative to SDY

Symbol	Grade	Weight
O	C	-2.79%
IBM	A	-1.94%
XEL	B	-1.91%
EIX	C	-1.76%
ED	C	-1.73%
MDT	C	-1.71%
ABBV	C	-1.71%
CVX	D	-1.63%
WEC	B	-1.6%
JNJ	C	-1.55%
KMB	D	-1.54%
PEP	D	-1.48%
NEE	C	-1.39%
ADM	D	-1.36%
TGT	C	-1.35%
TROW	D	-1.34%
SYY	D	-1.32%
MCD	B	-1.31%
APD	B	-1.3%
ES	C	-1.21%
CINF	C	-1.18%
TXN	C	-1.14%
MKC	C	-1.14%
ADP	B	-1.13%
AFL	C	-1.12%
PG	C	-1.1%
FAST	C	-1.1%
GPC	D	-1.09%
ATO	B	-1.08%
ITW	C	-1.07%
CAH	C	-1.03%
BBY	C	-1.02%
LOW	A	-0.99%
ABT	C	-0.99%
CL	C	-0.96%
PPG	D	-0.9%
GD	B	-0.9%
AMCR	C	-0.87%
LHX	C	-0.86%
SWK	B	-0.82%
LNT	B	-0.8%
RPM	B	-0.8%
MCHP	D	-0.75%
EVRG	B	-0.75%
EMR	D	-0.73%
ERIE	B	-0.7%
BDX	F	-0.68%
QCOM	F	-0.67%
SJM	C	-0.67%
CHRW	A	-0.64%
ALB	F	-0.62%
JKHY	C	-0.6%
PNR	B	-0.57%
GGG	C	-0.57%
WM	D	-0.57%
AOS	D	-0.56%
LECO	F	-0.56%
NDSN	C	-0.54%
NUE	F	-0.54%
ATR	B	-0.53%
WTRG	D	-0.51%
DOV	B	-0.51%
HRL	D	-0.51%
TTC	D	-0.49%
ORI	B	-0.49%
EXPD	C	-0.49%
FDS	C	-0.49%
CHD	C	-0.49%
DCI	D	-0.48%
RSG	D	-0.48%
SHW	B	-0.47%
NNN	C	-0.47%
RGLD	B	-0.47%
FRT	C	-0.46%
GWW	A	-0.42%
ECL	A	-0.42%
SPGI	A	-0.38%
SEIC	C	-0.37%
CTAS	C	-0.36%
CBSH	D	-0.36%
MSA	D	-0.36%
CSL	B	-0.36%
RNR	B	-0.35%
CFR	C	-0.35%
PB	B	-0.34%
RLI	B	-0.34%
BEN	F	-0.33%
NFG	B	-0.3%
SON	D	-0.3%
WRB	C	-0.29%
UGI	C	-0.27%
PII	D	-0.27%
FLO	C	-0.26%
BMI	B	-0.26%
BRO	C	-0.26%
NJR	B	-0.25%
UBSI	C	-0.25%
ROP	C	-0.24%
UMBF	B	-0.23%
CASY	D	-0.23%
FUL	D	-0.23%
OGS	B	-0.22%
BKH	B	-0.22%
OZK	D	-0.22%
FELE	C	-0.21%
LANC	D	-0.21%
SR	B	-0.2%
PRGO	F	-0.2%
CWT	C	-0.17%
ABM	D	-0.17%
BRC	B	-0.17%
AWR	B	-0.16%
AVA	C	-0.15%
CPK	B	-0.14%
CBU	D	-0.13%
SJW	D	-0.09%
SCL	D	-0.08%