FHEQ vs. AUSF ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Global X Adaptive U.S. Factor ETF (AUSF)

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.62

Average Daily Volume

36,554

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	AUSF
30 Days	2.51%	4.22%
60 Days	3.80%	5.67%
90 Days	4.54%	7.18%
12 Months		33.52%

52 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in AUSF	Overlap
AAPL	C	7.31%	0.1%	0.1%
ABBV	D	1.0%	0.14%	0.14%
ADP	B	0.16%	1.43%	0.16%
AME	A	0.22%	0.09%	0.09%
AMGN	D	0.24%	0.07%	0.07%
BCC	B	0.07%	0.51%	0.07%
BDX	F	0.59%	0.08%	0.08%
BRK.A	B	2.19%	1.5%	1.5%
C	A	0.54%	0.53%	0.53%
CACI	D	0.3%	0.18%	0.18%
CAH	B	0.4%	0.08%	0.08%
CI	F	0.63%	0.08%	0.08%
CL	D	0.58%	0.07%	0.07%
CMCSA	B	0.83%	0.51%	0.51%
CME	A	0.37%	1.39%	0.37%
COST	B	0.45%	0.12%	0.12%
CSCO	B	0.79%	1.41%	0.79%
CVS	D	0.22%	0.49%	0.22%
CVX	A	0.02%	0.09%	0.02%
ECL	D	0.62%	0.07%	0.07%
GAP	C	0.18%	0.47%	0.18%
GRMN	B	0.31%	0.13%	0.13%
JNJ	D	0.61%	1.34%	0.61%
KR	B	0.11%	0.12%	0.11%
L	A	0.07%	0.07%	0.07%
LDOS	C	0.32%	0.1%	0.1%
LMT	D	0.69%	1.4%	0.69%
MA	C	1.34%	0.08%	0.08%
MDLZ	F	0.07%	0.07%	0.07%
MMC	B	0.52%	1.42%	0.52%
MRK	F	0.69%	1.0%	0.69%
MSI	B	0.26%	0.09%	0.09%
NOC	D	0.56%	0.08%	0.08%
PCAR	B	0.42%	0.52%	0.42%
PFE	D	0.56%	0.43%	0.43%
PG	A	0.87%	0.83%	0.83%
PGR	A	0.63%	0.18%	0.18%
QGEN	D	0.04%	0.49%	0.04%
RSG	A	0.2%	1.56%	0.2%
RTX	C	0.44%	1.4%	0.44%
SOLV	C	0.12%	0.47%	0.12%
T	A	0.67%	1.9%	0.67%
TJX	A	0.73%	0.08%	0.08%
TMUS	B	0.29%	1.59%	0.29%
TRV	B	0.49%	0.12%	0.12%
UNH	C	0.57%	0.08%	0.08%
UNM	A	0.01%	0.65%	0.01%
V	A	0.47%	1.51%	0.47%
VZ	C	0.18%	1.83%	0.18%
WM	A	0.38%	1.38%	0.38%
WMT	A	0.8%	1.56%	0.8%
XOM	B	1.54%	0.08%	0.08%

FHEQ Overweight 116 Positions Relative to AUSF

Symbol	Grade	Weight
NVDA	C	7.27%
MSFT	F	5.64%
AMZN	C	3.64%
META	D	2.87%
GOOGL	C	2.02%
JPM	A	1.82%
GOOG	C	1.74%
AVGO	D	1.49%
HD	A	1.32%
TSLA	B	1.26%
NFLX	A	1.26%
BAC	A	1.17%
CRM	B	1.09%
ADBE	C	0.93%
PM	B	0.92%
QCOM	F	0.84%
LLY	F	0.76%
NEE	D	0.73%
UNP	C	0.73%
GILD	C	0.73%
AMAT	F	0.7%
TT	A	0.69%
BMY	B	0.68%
CTAS	B	0.66%
SQ	B	0.59%
DIS	B	0.57%
SCHW	B	0.56%
SEIC	B	0.54%
PYPL	B	0.54%
KLAC	D	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
MSCI	C	0.49%
CMG	B	0.49%
CAT	B	0.48%
MU	D	0.47%
ZBRA	B	0.47%
GE	D	0.45%
IGT	F	0.45%
ALLE	D	0.44%
EOG	A	0.43%
CSX	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
ALRM	C	0.4%
BK	A	0.36%
TDC	D	0.35%
PPG	F	0.34%
NOW	A	0.34%
ANF	C	0.33%
NUE	C	0.32%
MEDP	D	0.31%
SKYW	B	0.29%
SPGI	C	0.28%
HWM	A	0.27%
INCY	C	0.27%
TMO	F	0.26%
IDXX	F	0.26%
NSC	B	0.26%
FTNT	C	0.24%
AMT	D	0.24%
BLK	C	0.23%
TROW	B	0.23%
LRCX	F	0.23%
LHX	C	0.23%
MGM	D	0.22%
MMM	D	0.22%
BIIB	F	0.21%
XEL	A	0.21%
GL	B	0.2%
CLX	B	0.2%
PSA	D	0.19%
DOCU	A	0.18%
HLT	A	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
WDAY	B	0.16%
SPG	B	0.16%
MS	A	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
ETN	A	0.15%
WFC	A	0.15%
UBER	D	0.14%
GEN	B	0.13%
DASH	A	0.12%
VEEV	C	0.12%
CINF	A	0.12%
NBIX	C	0.11%
BBWI	D	0.11%
QRVO	F	0.11%
VST	B	0.11%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
ANET	C	0.08%
DOC	D	0.08%
ALL	A	0.07%
TENB	C	0.06%
CRUS	D	0.06%
LYFT	C	0.06%
BLD	D	0.05%
UTHR	C	0.05%
ORCL	B	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	A	0.02%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 138 Positions Relative to AUSF

Symbol	Grade	Weight
BSX	B	-1.54%
COR	B	-1.51%
EA	A	-1.43%
ICE	C	-1.41%
IBM	C	-1.37%
JNPR	F	-1.36%
LIN	D	-1.35%
GD	F	-1.33%
EDR	A	-1.32%
ACI	C	-1.29%
DOX	D	-1.25%
KO	D	-1.03%
CBOE	B	-0.94%
BR	A	-0.84%
DTM	B	-0.7%
MCD	D	-0.7%
PEP	F	-0.66%
KMI	A	-0.66%
MO	A	-0.65%
TPR	B	-0.63%
MARA	C	-0.62%
IP	B	-0.59%
OKE	A	-0.58%
SYF	B	-0.58%
FHN	A	-0.57%
WBS	A	-0.57%
UMBF	B	-0.56%
ZION	B	-0.56%
FNB	A	-0.56%
VTRS	A	-0.56%
CMA	A	-0.55%
WHR	B	-0.55%
ONB	B	-0.55%
ABG	B	-0.55%
RF	A	-0.55%
AL	B	-0.55%
CFG	B	-0.55%
PB	A	-0.55%
COLB	A	-0.55%
UBSI	B	-0.55%
HBAN	A	-0.55%
LAD	A	-0.55%
LBRDK	C	-0.54%
OZK	B	-0.54%
INTC	D	-0.54%
HPE	B	-0.54%
CADE	B	-0.54%
PVH	C	-0.53%
TAP	C	-0.53%
BEN	C	-0.53%
GM	B	-0.52%
ALLY	C	-0.52%
LNC	B	-0.52%
HPQ	B	-0.52%
AM	A	-0.52%
NOV	C	-0.52%
CIVI	D	-0.51%
SLG	B	-0.51%
CNH	C	-0.51%
CNC	D	-0.5%
CHRD	D	-0.5%
CHE	D	-0.5%
JXN	C	-0.5%
DINO	D	-0.49%
NXST	C	-0.49%
BG	F	-0.49%
AGNC	D	-0.49%
STWD	C	-0.49%
HST	C	-0.49%
MOS	F	-0.48%
SNX	C	-0.48%
X	C	-0.48%
CRBG	B	-0.48%
BWA	D	-0.48%
UGI	A	-0.48%
VICI	C	-0.48%
RDN	C	-0.48%
AVT	C	-0.48%
KRC	C	-0.47%
EMN	D	-0.47%
SON	D	-0.47%
HOG	D	-0.47%
ADM	D	-0.47%
TDG	D	-0.47%
M	D	-0.47%
RPRX	D	-0.47%
RNR	C	-0.47%
WU	D	-0.46%
BBY	D	-0.46%
LYB	F	-0.46%
MDT	D	-0.45%
CAG	D	-0.45%
FMC	D	-0.45%
LEA	D	-0.44%
KHC	F	-0.43%
SWKS	F	-0.43%
ARW	D	-0.43%
WBA	F	-0.43%
DOW	F	-0.42%
HII	D	-0.42%
OGN	D	-0.42%
CE	F	-0.29%
YUM	B	-0.26%
TW	A	-0.14%
SO	D	-0.12%
CHD	B	-0.12%
VRSK	A	-0.1%
DUK	C	-0.1%
ORI	A	-0.1%
SNA	A	-0.1%
GDDY	A	-0.1%
WMB	A	-0.1%
AFL	B	-0.1%
ATR	B	-0.09%
PNW	B	-0.09%
MCK	B	-0.09%
PKG	A	-0.09%
WRB	A	-0.09%
INGR	B	-0.08%
FI	A	-0.08%
HOLX	D	-0.08%
HIG	B	-0.08%
CB	C	-0.08%
ED	D	-0.08%
VRSN	F	-0.08%
FE	C	-0.07%
VRTX	F	-0.07%
CTLT	B	-0.07%
KMB	D	-0.07%
K	A	-0.07%
HON	B	-0.07%
AJG	B	-0.07%
ATO	A	-0.07%
DGX	A	-0.07%
ROP	B	-0.07%
WELL	A	-0.07%
AKAM	D	-0.06%
REGN	F	-0.05%