FHEQ vs. FVD ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to First Trust VL Dividend (FVD)

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

FVD

First Trust VL Dividend

FVD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.24

Average Daily Volume

487,998

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	FVD
30 Days	2.51%	1.87%
60 Days	3.80%	2.34%
90 Days	4.54%	4.86%
12 Months		22.35%

49 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in FVD	Overlap
ABBV	D	1.0%	0.42%	0.42%
ADP	B	0.16%	0.48%	0.16%
ALL	A	0.07%	0.47%	0.07%
AMGN	D	0.24%	0.43%	0.24%
BAH	F	0.09%	0.44%	0.09%
BDX	F	0.59%	0.44%	0.44%
BK	A	0.36%	0.48%	0.36%
BLK	C	0.23%	0.49%	0.23%
BMY	B	0.68%	0.52%	0.52%
CAT	B	0.48%	0.46%	0.46%
CL	D	0.58%	0.43%	0.43%
CLX	B	0.2%	0.48%	0.2%
CMCSA	B	0.83%	0.5%	0.5%
CME	A	0.37%	0.46%	0.37%
CSCO	B	0.79%	0.48%	0.48%
CSX	B	0.43%	0.49%	0.43%
CVX	A	0.02%	0.5%	0.02%
GILD	C	0.73%	0.5%	0.5%
GRMN	B	0.31%	0.59%	0.31%
HD	A	1.32%	0.46%	0.46%
JNJ	D	0.61%	0.43%	0.43%
JPM	A	1.82%	0.5%	0.5%
KR	B	0.11%	0.49%	0.11%
LHX	C	0.23%	0.46%	0.23%
LMT	D	0.69%	0.41%	0.41%
MDLZ	F	0.07%	0.43%	0.07%
MMC	B	0.52%	0.46%	0.46%
MMM	D	0.22%	0.46%	0.22%
MRK	F	0.69%	0.43%	0.43%
MS	A	0.16%	0.52%	0.16%
NOC	D	0.56%	0.44%	0.44%
NSC	B	0.26%	0.5%	0.26%
PFE	D	0.56%	0.42%	0.42%
PG	A	0.87%	0.46%	0.46%
PM	B	0.92%	0.5%	0.5%
PPG	F	0.34%	0.45%	0.34%
PSA	D	0.19%	0.46%	0.19%
RTX	C	0.44%	0.44%	0.44%
SEIC	B	0.54%	0.52%	0.52%
T	A	0.67%	0.48%	0.48%
TJX	A	0.73%	0.48%	0.48%
TROW	B	0.23%	0.49%	0.23%
TRV	B	0.49%	0.46%	0.46%
UNH	C	0.57%	0.48%	0.48%
UNP	C	0.73%	0.46%	0.46%
VZ	C	0.18%	0.43%	0.18%
WM	A	0.38%	0.49%	0.38%
XEL	A	0.21%	0.51%	0.21%
XOM	B	1.54%	0.47%	0.47%

FHEQ Overweight 119 Positions Relative to FVD

Symbol	Grade	Weight
AAPL	C	7.31%
NVDA	C	7.27%
MSFT	F	5.64%
AMZN	C	3.64%
META	D	2.87%
BRK.A	B	2.19%
GOOGL	C	2.02%
GOOG	C	1.74%
AVGO	D	1.49%
MA	C	1.34%
TSLA	B	1.26%
NFLX	A	1.26%
BAC	A	1.17%
CRM	B	1.09%
ADBE	C	0.93%
QCOM	F	0.84%
WMT	A	0.8%
LLY	F	0.76%
NEE	D	0.73%
AMAT	F	0.7%
TT	A	0.69%
CTAS	B	0.66%
CI	F	0.63%
PGR	A	0.63%
ECL	D	0.62%
SQ	B	0.59%
DIS	B	0.57%
SCHW	B	0.56%
C	A	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%
MU	D	0.47%
ZBRA	B	0.47%
V	A	0.47%
GE	D	0.45%
IGT	F	0.45%
COST	B	0.45%
ALLE	D	0.44%
EOG	A	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
TDC	D	0.35%
NOW	A	0.34%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
MEDP	D	0.31%
CACI	D	0.3%
TMUS	B	0.29%
SKYW	B	0.29%
SPGI	C	0.28%
HWM	A	0.27%
INCY	C	0.27%
MSI	B	0.26%
TMO	F	0.26%
IDXX	F	0.26%
FTNT	C	0.24%
AMT	D	0.24%
LRCX	F	0.23%
AME	A	0.22%
MGM	D	0.22%
CVS	D	0.22%
BIIB	F	0.21%
RSG	A	0.2%
GL	B	0.2%
GAP	C	0.18%
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%
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%
SOLV	C	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%
ANET	C	0.08%
DOC	D	0.08%
BCC	B	0.07%
L	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%
QGEN	D	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 152 Positions Relative to FVD

Symbol	Grade	Weight
GATX	A	-0.54%
G	B	-0.54%
EMR	A	-0.54%
CBSH	A	-0.54%
GS	A	-0.53%
DTM	B	-0.53%
PINC	B	-0.53%
RHI	B	-0.53%
AIZ	A	-0.52%
INGR	B	-0.52%
IDA	A	-0.52%
MO	A	-0.52%
ETR	B	-0.51%
CMI	A	-0.51%
IOSP	B	-0.51%
IEX	B	-0.51%
SNA	A	-0.51%
JCI	C	-0.51%
SRE	A	-0.5%
WSO	A	-0.5%
HLI	B	-0.5%
LANC	C	-0.5%
UVV	B	-0.5%
PKG	A	-0.5%
WERN	C	-0.5%
WTW	B	-0.5%
WDFC	B	-0.5%
ITW	B	-0.49%
CPK	A	-0.49%
NEU	C	-0.49%
SLGN	A	-0.49%
NDAQ	A	-0.49%
CTSH	B	-0.49%
TXN	C	-0.49%
FAST	B	-0.49%
THG	A	-0.49%
DGX	A	-0.49%
OTTR	C	-0.48%
DCI	B	-0.48%
CHRW	C	-0.48%
TM	D	-0.48%
EVRG	A	-0.48%
SBUX	A	-0.48%
GNTX	C	-0.48%
NI	A	-0.48%
SCL	C	-0.48%
PAYX	C	-0.48%
BKH	A	-0.48%
SWX	B	-0.48%
BTI	B	-0.48%
MSM	C	-0.48%
LECO	B	-0.48%
PNW	B	-0.48%
BR	A	-0.48%
HON	B	-0.48%
BRC	D	-0.47%
AGR	B	-0.47%
ALE	A	-0.47%
NWN	A	-0.47%
OGS	A	-0.47%
EXPD	D	-0.47%
UPS	C	-0.47%
STZ	D	-0.47%
SXT	B	-0.47%
NDSN	B	-0.47%
NJR	A	-0.47%
PPL	B	-0.47%
ATO	A	-0.47%
MSEX	B	-0.47%
AEE	A	-0.47%
TGT	F	-0.47%
YUM	B	-0.47%
EQIX	A	-0.47%
SIGI	C	-0.47%
CNI	D	-0.46%
INFY	B	-0.46%
ABT	B	-0.46%
DLB	B	-0.46%
AWR	B	-0.46%
NWE	B	-0.46%
CALM	A	-0.46%
SR	A	-0.46%
POOL	C	-0.46%
K	A	-0.46%
TD	F	-0.46%
JJSF	B	-0.46%
SNX	C	-0.45%
TAK	F	-0.45%
MKC	D	-0.45%
SON	D	-0.45%
ACN	C	-0.45%
CB	C	-0.45%
PEG	A	-0.45%
NFG	A	-0.45%
WEC	A	-0.45%
HSY	F	-0.45%
FLO	D	-0.45%
LNT	A	-0.45%
DE	A	-0.45%
EIX	B	-0.45%
HRL	D	-0.45%
CNA	B	-0.45%
AFL	B	-0.45%
LOW	D	-0.45%
JNPR	F	-0.45%
SO	D	-0.44%
AWK	D	-0.44%
AEP	D	-0.44%
ADI	D	-0.44%
TSCO	D	-0.44%
CPB	D	-0.44%
CWT	D	-0.44%
GIS	D	-0.44%
EXC	C	-0.44%
PEP	F	-0.44%
MDT	D	-0.44%
OTIS	C	-0.44%
POR	C	-0.44%
CMS	C	-0.44%
WTRG	B	-0.44%
MCD	D	-0.44%
GD	F	-0.44%
DOX	D	-0.44%
APD	A	-0.44%
MMS	F	-0.43%
UL	D	-0.43%
DUK	C	-0.43%
SJM	D	-0.43%
REYN	D	-0.43%
AVY	D	-0.43%
AOS	F	-0.43%
NKE	D	-0.43%
ES	D	-0.43%
CAG	D	-0.43%
RIO	D	-0.43%
DTE	C	-0.43%
TSM	B	-0.43%
NVS	D	-0.42%
KHC	F	-0.42%
ED	D	-0.42%
KO	D	-0.42%
GSK	F	-0.42%
IBM	C	-0.42%
KDP	D	-0.42%
SJW	D	-0.42%
KMB	D	-0.42%
DEO	F	-0.41%
SNY	F	-0.41%
BAX	D	-0.4%
AZN	D	-0.39%
HMC	F	-0.39%
HII	D	-0.35%