FHEQ vs. EFIV ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to SPDR S&P 500 ESG ETF (EFIV)

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

$27.57

Average Daily Volume

22,683

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$56.79

Average Daily Volume

105,618

Number of Holdings ^*

312

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	EFIV
30 Days	1.74%	2.19%
60 Days	5.17%	5.71%
90 Days	5.89%	6.77%
12 Months		31.59%

91 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in EFIV	Overlap
AAPL	C	7.05%	9.52%	7.05%
ABBV	F	1.0%	1.0%	1.0%
ADBE	C	0.96%	0.63%	0.63%
ADP	A	0.16%	0.35%	0.16%
ALL	B	0.07%	0.14%	0.07%
ALLE	D	0.4%	0.03%	0.03%
AMAT	F	0.75%	0.44%	0.44%
AME	A	0.1%	0.12%	0.1%
AMGN	F	0.26%	0.49%	0.26%
AMT	F	0.21%	0.26%	0.21%
AXP	B	0.42%	0.47%	0.42%
BAC	A	1.13%	0.86%	0.86%
BDX	F	0.59%	0.19%	0.19%
BIIB	F	0.22%	0.07%	0.07%
BK	B	0.35%	0.16%	0.16%
BMY	B	0.77%	0.32%	0.32%
C	B	0.53%	0.37%	0.37%
CAH	B	0.42%	0.08%	0.08%
CAT	B	0.48%	0.57%	0.48%
CCL	B	0.05%	0.07%	0.05%
CI	D	0.65%	0.25%	0.25%
CL	F	0.55%	0.21%	0.21%
CMCSA	B	0.83%	0.49%	0.49%
CME	B	0.36%	0.22%	0.22%
CMG	B	0.55%	0.22%	0.22%
CNC	F	0.06%	0.09%	0.06%
COST	B	0.45%	1.12%	0.45%
CRM	B	1.23%	0.84%	0.84%
CSCO	A	0.8%	0.66%	0.66%
CSX	B	0.58%	0.2%	0.2%
CTAS	B	0.67%	0.21%	0.21%
CVS	F	0.21%	0.22%	0.21%
CVX	A	0.02%	0.75%	0.02%
DIS	B	0.42%	0.5%	0.42%
DOC	C	0.08%	0.04%	0.04%
DVN	F	0.51%	0.07%	0.07%
ECL	C	0.61%	0.17%	0.17%
ED	D	0.04%	0.1%	0.04%
ETN	B	0.15%	0.4%	0.15%
GE	D	0.45%	0.55%	0.45%
GILD	B	0.77%	0.32%	0.32%
GL	B	0.2%	0.03%	0.03%
GOOG	C	1.98%	2.41%	1.98%
GOOGL	C	2.05%	2.91%	2.05%
HD	B	1.27%	1.08%	1.08%
HLT	A	0.18%	0.17%	0.17%
IDXX	F	0.18%	0.1%	0.1%
IFF	F	0.05%	0.06%	0.05%
INCY	B	0.28%	0.04%	0.04%
JPM	A	1.75%	1.98%	1.75%
KLAC	F	0.57%	0.26%	0.26%
KR	A	0.11%	0.11%	0.11%
LLY	F	0.84%	1.72%	0.84%
LRCX	F	0.24%	0.28%	0.24%
MA	B	1.33%	1.21%	1.21%
MDLZ	F	0.07%	0.25%	0.07%
MGM	D	0.15%	0.02%	0.02%
MMC	D	0.52%	0.31%	0.31%
MRK	F	0.66%	0.72%	0.66%
MS	A	0.16%	0.46%	0.16%
MSCI	B	0.49%	0.13%	0.13%
MSFT	C	5.62%	8.78%	5.62%
MU	D	0.53%	0.35%	0.35%
NEE	D	0.69%	0.43%	0.43%
NSC	B	0.26%	0.18%	0.18%
NVDA	A	7.54%	10.07%	7.54%
PCAR	B	0.43%	0.17%	0.17%
PG	C	0.82%	1.07%	0.82%
PPG	F	0.32%	0.08%	0.08%
PSA	D	0.18%	0.14%	0.14%
PYPL	A	0.54%	0.23%	0.23%
QCOM	F	0.82%	0.54%	0.54%
ROST	D	0.1%	0.13%	0.1%
RSG	B	0.04%	0.12%	0.04%
SCHW	B	0.53%	0.32%	0.32%
SPGI	C	0.41%	0.44%	0.41%
T	A	0.63%	0.45%	0.45%
TJX	A	0.72%	0.37%	0.37%
TMUS	A	0.07%	0.32%	0.07%
TROW	A	0.22%	0.08%	0.08%
TRV	B	0.52%	0.16%	0.16%
TSLA	B	1.15%	2.25%	1.15%
TT	B	0.68%	0.25%	0.25%
UBER	F	0.14%	0.44%	0.14%
UNH	B	0.58%	1.55%	0.58%
UNP	D	0.73%	0.43%	0.43%
V	A	0.46%	1.44%	0.46%
WM	A	0.38%	0.22%	0.22%
WMT	A	0.79%	1.02%	0.79%
WTW	A	0.31%	0.09%	0.09%
XOM	B	1.51%	1.51%	1.51%

FHEQ Overweight 78 Positions Relative to EFIV

Symbol	Grade	Weight
AMZN	A	3.61%
META	B	2.96%
BRK.A	B	2.12%
AVGO	C	1.73%
NFLX	A	1.21%
PM	B	0.85%
LMT	D	0.73%
PGR	A	0.64%
SQ	B	0.6%
JNJ	D	0.59%
NOC	D	0.59%
PFE	F	0.58%
ZM	B	0.57%
SEIC	A	0.54%
DBX	B	0.53%
CVNA	B	0.51%
EXEL	B	0.5%
TXT	D	0.49%
IGT	F	0.49%
ZBRA	B	0.48%
RTX	D	0.45%
LDOS	C	0.39%
CACI	C	0.37%
MEDP	D	0.35%
TDC	F	0.34%
NOW	A	0.34%
NUE	D	0.33%
ANF	C	0.33%
GRMN	A	0.31%
SKYW	B	0.3%
TMO	F	0.28%
HWM	B	0.27%
EOG	A	0.27%
ALRM	C	0.26%
MSI	B	0.24%
MMM	C	0.22%
LHX	B	0.21%
VZ	D	0.2%
DOCU	B	0.2%
XEL	A	0.2%
CLX	A	0.19%
GAP	B	0.18%
LNW	F	0.18%
PEGA	B	0.17%
GEHC	D	0.17%
FTI	B	0.17%
WDAY	B	0.16%
TPH	C	0.15%
SPG	A	0.15%
F	C	0.14%
FTNT	B	0.14%
SOLV	C	0.13%
VEEV	B	0.13%
GEN	B	0.13%
BAH	C	0.12%
DASH	A	0.12%
CINF	A	0.12%
QRVO	F	0.11%
NBIX	C	0.11%
VST	B	0.1%
PLTK	B	0.1%
UHS	D	0.08%
ANET	C	0.08%
LYFT	B	0.07%
BCC	B	0.07%
L	A	0.07%
BBWI	C	0.07%
UTHR	B	0.06%
CRUS	F	0.06%
STLD	C	0.05%
ORCL	A	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	B	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 221 Positions Relative to EFIV

Symbol	Grade	Weight
KO	F	-0.69%
AMD	F	-0.66%
PEP	D	-0.64%
LIN	D	-0.63%
ACN	B	-0.63%
MCD	C	-0.59%
ABT	C	-0.57%
GS	B	-0.53%
DHR	F	-0.45%
LOW	B	-0.42%
SYK	A	-0.36%
BSX	A	-0.36%
FI	A	-0.34%
MDT	D	-0.32%
SBUX	B	-0.31%
CB	C	-0.3%
PLD	D	-0.3%
INTC	C	-0.3%
DE	D	-0.29%
UPS	C	-0.28%
ELV	F	-0.28%
PH	A	-0.26%
SHW	A	-0.25%
ICE	C	-0.25%
NKE	F	-0.25%
EQIX	B	-0.24%
REGN	F	-0.24%
PNC	B	-0.23%
AON	B	-0.23%
ZTS	D	-0.22%
WELL	B	-0.22%
USB	B	-0.22%
COF	B	-0.21%
ITW	B	-0.21%
MCO	C	-0.2%
EMR	A	-0.2%
FCX	F	-0.19%
WMB	B	-0.19%
APD	B	-0.19%
TGT	C	-0.19%
TFC	B	-0.18%
CARR	C	-0.18%
AJG	A	-0.18%
MAR	A	-0.18%
ADSK	B	-0.18%
URI	B	-0.17%
OKE	A	-0.17%
GM	B	-0.17%
SLB	C	-0.17%
AMP	A	-0.16%
SRE	B	-0.16%
MPC	D	-0.15%
GWW	B	-0.15%
DLR	C	-0.15%
PSX	C	-0.15%
RCL	A	-0.15%
JCI	A	-0.15%
AFL	C	-0.15%
CMI	A	-0.14%
MET	C	-0.14%
DHI	D	-0.14%
AIG	B	-0.14%
KMI	B	-0.14%
NEM	F	-0.14%
PRU	B	-0.13%
PWR	B	-0.13%
DFS	B	-0.13%
FIS	B	-0.13%
PAYX	B	-0.13%
IR	A	-0.12%
PEG	C	-0.12%
BKR	B	-0.12%
COR	B	-0.12%
CTVA	C	-0.12%
VLO	C	-0.12%
YUM	B	-0.11%
SYY	D	-0.11%
EA	A	-0.11%
ACGL	C	-0.11%
EXC	C	-0.11%
CBRE	B	-0.11%
VRSK	A	-0.11%
HES	B	-0.11%
EW	F	-0.11%
DAL	A	-0.11%
A	F	-0.11%
OTIS	D	-0.11%
TRGP	B	-0.11%
DOW	F	-0.1%
HIG	C	-0.1%
FANG	C	-0.1%
EXR	D	-0.1%
OXY	F	-0.1%
HUM	D	-0.1%
WAB	B	-0.1%
LULU	B	-0.1%
MTB	A	-0.1%
HPQ	B	-0.1%
RMD	C	-0.1%
GIS	F	-0.1%
KDP	C	-0.1%
CSGP	F	-0.09%
ON	F	-0.09%
EIX	C	-0.09%
ETR	B	-0.09%
TSCO	D	-0.09%
AVB	B	-0.09%
FITB	A	-0.09%
NDAQ	B	-0.09%
AXON	B	-0.09%
IRM	D	-0.09%
ROK	B	-0.09%
PHM	D	-0.08%
HAL	C	-0.08%
TTWO	A	-0.08%
HPE	B	-0.08%
DOV	A	-0.08%
MTD	F	-0.08%
STT	B	-0.08%
GPN	B	-0.08%
KHC	F	-0.08%
EBAY	C	-0.08%
RJF	A	-0.08%
XYL	F	-0.08%
WAT	B	-0.07%
SBAC	D	-0.07%
EQT	B	-0.07%
RF	A	-0.07%
EQR	C	-0.07%
CPAY	A	-0.07%
HUBB	C	-0.07%
DECK	B	-0.07%
BR	A	-0.07%
HBAN	A	-0.07%
ADM	F	-0.07%
FTV	C	-0.07%
VTR	C	-0.07%
AWK	D	-0.07%
SW	B	-0.07%
HSY	F	-0.07%
SYF	B	-0.07%
OMC	A	-0.06%
CBOE	D	-0.06%
NTRS	A	-0.06%
EXPE	B	-0.06%
CFG	B	-0.06%
ES	D	-0.06%
K	A	-0.06%
LYB	F	-0.06%
ZBH	C	-0.06%
WDC	D	-0.06%
WY	F	-0.06%
KIM	A	-0.05%
AVY	F	-0.05%
TSN	B	-0.05%
GPC	D	-0.05%
PNR	A	-0.05%
DGX	B	-0.05%
MAS	D	-0.05%
MRNA	F	-0.05%
ARE	F	-0.05%
BBY	C	-0.05%
FDS	A	-0.05%
LVS	C	-0.05%
IEX	B	-0.05%
BALL	D	-0.05%
PFG	C	-0.05%
BAX	F	-0.05%
KEY	B	-0.05%
HOLX	D	-0.05%
ULTA	C	-0.05%
MKC	D	-0.05%
CHRW	A	-0.04%
HST	D	-0.04%
DAY	B	-0.04%
UDR	C	-0.04%
JKHY	C	-0.04%
POOL	D	-0.04%
CAG	F	-0.04%
SWK	F	-0.04%
APTV	F	-0.04%
AMCR	D	-0.04%
EL	F	-0.04%
CF	B	-0.04%
RVTY	C	-0.04%
JBHT	C	-0.04%
EG	D	-0.04%
AKAM	F	-0.04%
HRL	F	-0.03%
CPB	F	-0.03%
TFX	F	-0.03%
TAP	B	-0.03%
LKQ	C	-0.03%
MKTX	C	-0.03%
AIZ	A	-0.03%
NWSA	B	-0.03%
CRL	C	-0.03%
ALB	C	-0.03%
IPG	F	-0.03%
LW	B	-0.03%
TPR	A	-0.03%
BXP	D	-0.03%
REG	A	-0.03%
KMX	B	-0.03%
NCLH	B	-0.03%
SJM	F	-0.03%
WBA	D	-0.02%
BEN	C	-0.02%
PARA	B	-0.02%
DVA	C	-0.02%
FMC	F	-0.02%
MHK	D	-0.02%
BWA	B	-0.02%
WYNN	C	-0.02%
RL	B	-0.02%
HAS	D	-0.02%
IVZ	B	-0.02%
FRT	B	-0.02%
CZR	F	-0.02%
MOS	D	-0.02%
NWS	B	-0.01%