FHEQ vs. CSM ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to ProShares Large Cap Core Plus (CSM)

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

$27.66

Average Daily Volume

23,917

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$66.99

Average Daily Volume

7,398

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	CSM
30 Days	0.69%	0.33%
60 Days	3.18%	3.69%
90 Days	4.08%	5.84%
12 Months		31.12%

103 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in CSM	Overlap
AAPL	C	7.05%	4.66%	4.66%
ABBV	F	1.0%	0.35%	0.35%
ADBE	D	0.96%	0.52%	0.52%
ALL	A	0.07%	0.38%	0.07%
ALLE	D	0.4%	0.11%	0.11%
AMAT	F	0.75%	0.21%	0.21%
AME	A	0.1%	0.38%	0.1%
AMGN	D	0.26%	0.04%	0.04%
AMZN	B	3.61%	2.77%	2.77%
ANET	C	0.08%	0.31%	0.08%
AVGO	C	1.73%	1.22%	1.22%
BAC	A	1.13%	0.29%	0.29%
BDX	F	0.59%	0.37%	0.37%
BIIB	F	0.22%	0.14%	0.14%
BK	B	0.35%	0.13%	0.13%
BMY	A	0.77%	0.49%	0.49%
BRK.A	B	2.12%	0.96%	0.96%
CAH	B	0.42%	0.34%	0.34%
CCL	A	0.05%	0.38%	0.05%
CI	D	0.65%	0.38%	0.38%
CLX	A	0.19%	0.06%	0.06%
CMCSA	B	0.83%	0.23%	0.23%
CME	A	0.36%	0.4%	0.36%
CMG	C	0.55%	0.04%	0.04%
CNC	F	0.06%	0.26%	0.06%
COST	A	0.45%	0.32%	0.32%
CRM	B	1.23%	0.83%	0.83%
CSCO	B	0.8%	0.04%	0.04%
CSX	C	0.58%	0.25%	0.25%
CVS	F	0.21%	0.2%	0.2%
CVX	A	0.02%	0.09%	0.02%
DIS	B	0.42%	0.1%	0.1%
DOC	D	0.08%	0.21%	0.08%
DVN	F	0.51%	0.3%	0.3%
ETN	B	0.15%	0.42%	0.15%
F	C	0.14%	0.15%	0.14%
FTNT	B	0.14%	0.33%	0.14%
GE	D	0.45%	0.57%	0.45%
GEHC	D	0.17%	0.2%	0.17%
GEN	B	0.13%	0.18%	0.13%
GILD	C	0.77%	0.24%	0.24%
GL	C	0.2%	0.21%	0.2%
GOOG	B	1.98%	1.02%	1.02%
GOOGL	B	2.05%	1.27%	1.27%
GRMN	B	0.31%	0.37%	0.31%
HD	A	1.27%	0.31%	0.31%
HWM	A	0.27%	0.39%	0.27%
INCY	C	0.28%	0.36%	0.28%
JNJ	D	0.59%	0.4%	0.4%
JPM	A	1.75%	0.69%	0.69%
KR	B	0.11%	0.36%	0.11%
L	A	0.07%	0.33%	0.07%
LDOS	C	0.39%	0.37%	0.37%
LLY	F	0.84%	0.91%	0.84%
LMT	D	0.73%	0.2%	0.2%
LRCX	F	0.24%	0.17%	0.17%
MA	B	1.33%	0.38%	0.38%
META	C	2.96%	1.6%	1.6%
MGM	D	0.15%	0.18%	0.15%
MMC	D	0.52%	0.04%	0.04%
MRK	F	0.66%	0.62%	0.62%
MSCI	B	0.49%	0.15%	0.15%
MSFT	D	5.62%	4.32%	4.32%
MSI	B	0.24%	0.23%	0.23%
MU	D	0.53%	0.44%	0.44%
NFLX	A	1.21%	0.46%	0.46%
NOC	D	0.59%	0.38%	0.38%
NOW	B	0.34%	0.14%	0.14%
NUE	D	0.33%	0.08%	0.08%
NVDA	A	7.54%	4.99%	4.99%
ORCL	A	0.04%	0.13%	0.04%
PFE	F	0.58%	0.12%	0.12%
PG	C	0.82%	0.4%	0.4%
PGR	B	0.64%	0.23%	0.23%
PM	A	0.85%	0.04%	0.04%
PPG	F	0.32%	0.23%	0.23%
PSA	C	0.18%	0.14%	0.14%
PYPL	B	0.54%	0.25%	0.25%
QCOM	F	0.82%	0.5%	0.5%
QRVO	F	0.11%	0.19%	0.11%
ROST	D	0.1%	0.04%	0.04%
RSG	A	0.04%	0.34%	0.04%
SPG	A	0.15%	0.14%	0.14%
STLD	B	0.05%	0.14%	0.05%
T	A	0.63%	0.2%	0.2%
TJX	A	0.72%	0.48%	0.48%
TMO	F	0.28%	0.55%	0.28%
TMUS	B	0.07%	0.5%	0.07%
TROW	B	0.22%	0.35%	0.22%
TRV	A	0.52%	0.11%	0.11%
TSLA	A	1.15%	0.97%	0.97%
TT	A	0.68%	0.43%	0.43%
TXT	D	0.49%	0.26%	0.26%
UBER	F	0.14%	0.39%	0.14%
UHS	D	0.08%	0.29%	0.08%
UNH	C	0.58%	0.52%	0.52%
V	A	0.46%	0.43%	0.43%
VZ	C	0.2%	0.05%	0.05%
WM	B	0.38%	0.04%	0.04%
WMT	A	0.79%	0.24%	0.24%
WTW	B	0.31%	0.14%	0.14%
XEL	A	0.2%	0.35%	0.2%
XOM	B	1.51%	0.51%	0.51%

FHEQ Overweight 66 Positions Relative to CSM

Symbol	Grade	Weight
UNP	D	0.73%
NEE	C	0.69%
CTAS	B	0.67%
ECL	D	0.61%
SQ	A	0.6%
KLAC	F	0.57%
ZM	B	0.57%
CL	D	0.55%
SEIC	B	0.54%
SCHW	A	0.53%
C	B	0.53%
DBX	C	0.53%
CVNA	A	0.51%
EXEL	B	0.5%
IGT	F	0.49%
CAT	C	0.48%
ZBRA	B	0.48%
RTX	D	0.45%
PCAR	C	0.43%
AXP	B	0.42%
SPGI	D	0.41%
CACI	C	0.37%
MEDP	D	0.35%
TDC	D	0.34%
ANF	C	0.33%
SKYW	B	0.3%
EOG	A	0.27%
ALRM	C	0.26%
NSC	B	0.26%
MMM	D	0.22%
LHX	B	0.21%
AMT	D	0.21%
DOCU	B	0.2%
GAP	D	0.18%
IDXX	F	0.18%
HLT	A	0.18%
LNW	F	0.18%
PEGA	B	0.17%
FTI	A	0.17%
MS	A	0.16%
ADP	B	0.16%
WDAY	C	0.16%
TPH	D	0.15%
SOLV	F	0.13%
VEEV	C	0.13%
BAH	D	0.12%
DASH	A	0.12%
CINF	A	0.12%
NBIX	C	0.11%
VST	A	0.1%
PLTK	B	0.1%
LYFT	C	0.07%
BCC	C	0.07%
MDLZ	F	0.07%
BBWI	C	0.07%
UTHR	C	0.06%
CRUS	F	0.06%
IFF	D	0.05%
SCCO	F	0.04%
ED	C	0.04%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	A	0.01%

FHEQ Underweight 204 Positions Relative to CSM

Symbol	Grade	Weight
INTU	B	-0.58%
VRTX	D	-0.46%
MCK	A	-0.45%
PH	B	-0.45%
APH	B	-0.44%
UAL	A	-0.42%
RCL	A	-0.42%
SNPS	C	-0.42%
WELL	A	-0.42%
TRGP	A	-0.4%
RJF	A	-0.4%
GM	B	-0.4%
SNA	B	-0.39%
BKR	B	-0.39%
SYF	B	-0.39%
ETR	A	-0.37%
GDDY	A	-0.37%
MCO	D	-0.36%
CBRE	B	-0.35%
APD	A	-0.35%
CTSH	C	-0.35%
LYV	A	-0.35%
AVB	B	-0.35%
CDNS	B	-0.35%
NCLH	B	-0.35%
DUK	C	-0.34%
TSN	B	-0.34%
MTB	A	-0.34%
FFIV	B	-0.34%
BRO	B	-0.34%
TAP	B	-0.34%
VICI	C	-0.33%
IR	B	-0.33%
NRG	B	-0.33%
PNR	B	-0.33%
EQR	C	-0.33%
COR	B	-0.33%
TGT	B	-0.33%
HIG	B	-0.33%
PLD	D	-0.33%
EIX	C	-0.32%
FANG	D	-0.32%
RL	C	-0.32%
PEP	F	-0.32%
KMB	C	-0.32%
OTIS	C	-0.32%
LEN	D	-0.32%
AIZ	A	-0.32%
BEN	C	-0.32%
CNP	A	-0.32%
PAYC	B	-0.32%
VTR	B	-0.31%
HST	D	-0.31%
SLB	C	-0.31%
STE	D	-0.31%
WY	D	-0.3%
PHM	D	-0.3%
DTE	C	-0.3%
ACGL	D	-0.3%
FRT	B	-0.3%
FDX	B	-0.29%
VTRS	A	-0.29%
EXC	C	-0.29%
PRU	B	-0.29%
HPQ	B	-0.29%
CPT	C	-0.29%
NTRS	A	-0.29%
A	F	-0.29%
PCG	A	-0.29%
IEX	B	-0.29%
IVZ	C	-0.29%
CRL	D	-0.28%
MAA	A	-0.28%
INVH	D	-0.28%
EMN	D	-0.28%
HBAN	B	-0.28%
MTD	F	-0.28%
STX	D	-0.28%
CBOE	C	-0.28%
COF	B	-0.27%
LYB	F	-0.27%
EQIX	A	-0.26%
BBY	D	-0.26%
XYL	D	-0.26%
FOXA	B	-0.26%
WAB	B	-0.26%
ROL	B	-0.26%
SO	C	-0.26%
IQV	F	-0.25%
BAX	F	-0.25%
SWK	F	-0.25%
VRSN	F	-0.25%
INTC	C	-0.25%
EG	D	-0.25%
MDT	D	-0.25%
BG	D	-0.24%
HII	F	-0.24%
MET	A	-0.24%
OMC	C	-0.23%
DHI	D	-0.23%
HAL	C	-0.23%
DG	F	-0.22%
WDC	F	-0.22%
EMR	A	-0.22%
TFX	F	-0.21%
NI	A	-0.21%
KMX	C	-0.21%
EL	F	-0.21%
APA	F	-0.21%
REG	A	-0.2%
EA	A	-0.2%
RMD	C	-0.2%
APTV	F	-0.2%
SWKS	F	-0.2%
PANW	B	-0.2%
CFG	B	-0.19%
AES	F	-0.19%
CRWD	B	-0.19%
AKAM	F	-0.19%
PARA	D	-0.19%
SJM	D	-0.18%
BX	A	-0.18%
DFS	B	-0.18%
OKE	A	-0.18%
ADSK	B	-0.17%
CE	F	-0.16%
MOH	F	-0.16%
TPR	B	-0.16%
ABNB	D	-0.16%
BLDR	D	-0.16%
BWA	D	-0.15%
HCA	F	-0.15%
FITB	B	-0.15%
WBA	F	-0.15%
AMD	F	-0.15%
ZTS	D	-0.15%
WFC	A	-0.15%
GPC	F	-0.14%
HES	B	-0.14%
URI	B	-0.13%
SYY	D	-0.13%
TDY	B	-0.13%
PNW	B	-0.13%
IPG	F	-0.12%
FCX	F	-0.12%
ON	F	-0.12%
ROP	C	-0.12%
KMI	A	-0.12%
KDP	D	-0.12%
KO	D	-0.12%
JKHY	D	-0.12%
NWSA	B	-0.12%
PSX	C	-0.12%
PFG	C	-0.11%
KHC	F	-0.11%
HOLX	D	-0.11%
FSLR	F	-0.1%
CAG	F	-0.1%
CTVA	C	-0.1%
FE	C	-0.1%
LKQ	F	-0.1%
ISRG	A	-0.09%
NEM	D	-0.09%
DAY	B	-0.09%
CPB	D	-0.09%
MAR	B	-0.09%
LULU	C	-0.09%
VLO	C	-0.08%
JBL	C	-0.08%
LIN	D	-0.08%
DXCM	C	-0.08%
WRB	B	-0.08%
FTV	D	-0.07%
FIS	C	-0.07%
EBAY	D	-0.07%
MTCH	F	-0.07%
PAYX	B	-0.07%
DLR	A	-0.07%
ABT	A	-0.06%
AOS	F	-0.06%
CHD	A	-0.06%
HRL	D	-0.06%
IP	A	-0.06%
TRMB	B	-0.05%
PKG	B	-0.05%
EPAM	C	-0.05%
RF	A	-0.05%
ACN	C	-0.05%
DPZ	C	-0.05%
MKC	D	-0.05%
CSGP	F	-0.04%
PTC	B	-0.04%
J	D	-0.04%
FAST	B	-0.04%
MAS	D	-0.04%
WYNN	D	-0.04%
LOW	C	-0.04%
FDS	B	-0.04%
SMCI	F	-0.03%
DHR	D	-0.03%
IBM	C	-0.03%
FMC	D	-0.03%
ARE	F	-0.03%
MCD	D	-0.03%