FFLC vs. SPHB ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to PowerShares S&P 500 High Beta Portfolio (SPHB)

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

$45.36

Average Daily Volume

96,176

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

SPHB

PowerShares S&P 500 High Beta Portfolio

SPHB Description

The PowerShares S&P 500 High Beta Portfolio (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a security's price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$87.85

Average Daily Volume

422,470

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	SPHB
30 Days	1.39%	2.61%
60 Days	8.09%	9.81%
90 Days	3.23%	3.23%
12 Months	40.81%	27.32%

32 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in SPHB	Overlap
ABNB	D	0.5%	0.98%	0.5%
ADBE	F	1.41%	0.78%	0.78%
ADI	C	0.55%	0.92%	0.55%
AMD	D	1.27%	1.82%	1.27%
AMZN	C	3.26%	0.98%	0.98%
APTV	D	0.71%	0.77%	0.71%
BKNG	C	0.61%	0.84%	0.61%
BLDR	B	0.39%	1.45%	0.39%
CEG	B	0.66%	1.14%	0.66%
CRM	C	0.98%	0.91%	0.91%
ETN	C	1.05%	0.98%	0.98%
FCX	B	0.75%	0.97%	0.75%
FSLR	C	0.25%	1.08%	0.25%
GE	C	0.9%	0.8%	0.8%
GNRC	B	0.66%	1.11%	0.66%
INTU	F	0.92%	0.83%	0.83%
JBL	D	0.67%	1.07%	0.67%
LEN	B	0.39%	0.81%	0.39%
META	A	2.57%	1.18%	1.18%
MLM	D	0.48%	0.67%	0.48%
MU	D	0.14%	1.33%	0.14%
NVDA	C	3.39%	1.75%	1.75%
NXPI	F	0.68%	1.06%	0.68%
ON	F	0.69%	1.25%	0.69%
ORCL	C	0.79%	1.04%	0.79%
PH	B	1.02%	0.89%	0.89%
PWR	B	0.92%	1.05%	0.92%
SNPS	F	0.44%	1.04%	0.44%
TER	D	0.22%	1.51%	0.22%
UBER	C	1.04%	1.01%	1.01%
URI	B	0.37%	1.18%	0.37%
VST	A	0.65%	1.15%	0.65%

FFLC Overweight 101 Positions Relative to SPHB

Symbol	Grade	Weight
MSFT	C	7.7%
AAPL	C	4.51%
GOOGL	C	2.4%
LLY	D	1.93%
UNH	B	1.72%
V	C	1.63%
XOM	B	1.49%
BA	F	1.31%
BSX	A	1.23%
TJX	C	1.2%
CMCSA	B	1.16%
WFC	D	1.08%
NFLX	C	1.06%
TMO	C	1.03%
JPM	D	0.98%
CB	A	0.97%
NKE	D	0.92%
BAC	D	0.9%
KVUE	C	0.88%
DHR	B	0.82%
SO	A	0.82%
LIN	B	0.81%
REGN	D	0.76%
CAT	A	0.75%
KO	B	0.73%
IR	B	0.73%
BKR	B	0.7%
SHOP	C	0.69%
LMT	A	0.68%
SYK	C	0.67%
HWM	A	0.67%
KDP	C	0.63%
MS	B	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%
MMC	D	0.53%
CI	C	0.52%
FLEX	B	0.52%
LNG	D	0.51%
CNC	F	0.51%
RL	B	0.51%
WMT	A	0.49%
CE	D	0.49%
HLT	B	0.49%
CLX	B	0.47%
AZN	D	0.47%
VRT	B	0.46%
NVR	A	0.45%
BWXT	A	0.45%
CSCO	A	0.44%
WDAY	D	0.44%
DT	C	0.43%
KBR	D	0.42%
ESI	B	0.42%
CMG	C	0.42%
ARES	B	0.41%
FCN	B	0.41%
SPOT	B	0.4%
ITT	B	0.39%
CBRE	A	0.39%
FOUR	B	0.39%
AVY	B	0.38%
EDR	A	0.37%
GS	D	0.33%
WSC	D	0.32%
HLI	B	0.32%
TRNO	D	0.32%
HES	D	0.32%
FTI	B	0.29%
GILD	A	0.29%
HOLX	D	0.28%
EL	D	0.27%
MDB	D	0.27%
CHDN	D	0.27%
SAM	D	0.27%
MRK	F	0.26%
GLPI	B	0.26%
TT	A	0.26%
ASML	F	0.25%
NVO	F	0.25%
AR	C	0.24%
ACGL	A	0.24%
FND	B	0.24%
WST	D	0.22%
DKS	D	0.21%
STZ	B	0.2%
WNS	F	0.19%
ESS	C	0.18%
FAF	B	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	B	0.16%
MASI	C	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	C	0.04%

FFLC Underweight 66 Positions Relative to SPHB

Symbol	Grade	Weight
SMCI	F	-1.8%
MPWR	C	-1.79%
AVGO	C	-1.62%
TSLA	B	-1.56%
ALB	D	-1.4%
LRCX	F	-1.37%
AMAT	D	-1.36%
KLAC	D	-1.35%
ANET	B	-1.35%
CZR	C	-1.31%
CRWD	D	-1.3%
NCLH	C	-1.28%
CCL	C	-1.25%
ENPH	D	-1.22%
WDC	C	-1.15%
ALGN	D	-1.15%
MCHP	F	-1.13%
QCOM	D	-1.12%
CDNS	D	-1.06%
BX	C	-1.03%
BXP	C	-1.01%
UAL	B	-1.01%
CARR	C	-1.01%
KKR	C	-1.01%
PYPL	B	-0.99%
RCL	C	-0.97%
HUBB	A	-0.94%
KEYS	C	-0.94%
NOW	C	-0.94%
INTC	D	-0.94%
ADSK	C	-0.93%
PODD	C	-0.92%
ZBRA	C	-0.91%
PHM	A	-0.91%
SWKS	F	-0.9%
QRVO	F	-0.88%
PANW	D	-0.88%
DAY	C	-0.88%
AES	B	-0.85%
MHK	B	-0.84%
ARE	D	-0.83%
IDXX	D	-0.82%
FICO	C	-0.81%
DHI	B	-0.81%
LW	D	-0.81%
DECK	C	-0.81%
ROK	D	-0.81%
IVZ	C	-0.8%
ISRG	C	-0.8%
EFX	D	-0.8%
KEY	C	-0.79%
RMD	C	-0.79%
ANSS	D	-0.79%
GOOG	C	-0.78%
KMX	D	-0.78%
TXN	C	-0.77%
CRL	F	-0.77%
LULU	D	-0.77%
APH	D	-0.76%
MGM	D	-0.76%
TROW	D	-0.74%
WBD	D	-0.73%
IQV	F	-0.72%
BBWI	F	-0.72%
CPRT	B	-0.71%
EPAM	F	-0.65%