FHEQ vs. GLBL ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Pacer MSCI World Industry Advantage ETF (GLBL)

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

GLBL

Pacer MSCI World Industry Advantage ETF

GLBL Description

GLBL tracks an index that aims to invest in firms that lead the industry from the country with the most active weight in each of the GICS Industry Groups. First, the fund determines which country has the highest active weight in each of the twenty-five GICS Industry Groups as measured against the MSCI World Index, its parent index. Only large- and midcap companies from developed market countries are considered. Then, all securities with a 3-month ADTV greater than or equal to USD 5 Million become eligible. Finally, at each quarterly review and initial construction, the eligible securities that meet the liquidity criteria are grouped by country, and each group is weighted in proportion to their aggregate free-float market cap and the corresponding country's GDP. The weights are then normalized to sum to 100%, with each security having a cap of 5%.

Grade (RS Rating)

Last Trade

$21.23

Average Daily Volume

273

Number of Holdings ^*

280

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	GLBL
30 Days	2.51%	3.25%
60 Days	3.80%	4.07%
90 Days	4.54%
12 Months

71 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in GLBL	Overlap
AAPL	C	7.31%	4.65%	4.65%
ADBE	C	0.93%	0.75%	0.75%
AMAT	F	0.7%	0.47%	0.47%
AMT	D	0.24%	0.27%	0.24%
AMZN	C	3.64%	5.62%	3.64%
ANET	C	0.08%	0.32%	0.08%
AVGO	D	1.49%	2.4%	1.49%
AXP	A	0.43%	0.54%	0.43%
BBWI	D	0.11%	0.02%	0.02%
BDX	F	0.59%	0.22%	0.22%
BK	A	0.36%	0.18%	0.18%
BLK	C	0.23%	0.48%	0.23%
BRK.A	B	2.19%	1.98%	1.98%
CAH	B	0.4%	0.09%	0.09%
CI	F	0.63%	0.31%	0.31%
CMCSA	B	0.83%	0.54%	0.54%
CME	A	0.37%	0.27%	0.27%
CMG	B	0.49%	0.25%	0.25%
COST	B	0.45%	1.31%	0.45%
CRM	B	1.09%	1.04%	1.04%
CSCO	B	0.79%	0.74%	0.74%
CVS	D	0.22%	0.22%	0.22%
DASH	A	0.12%	0.16%	0.12%
DIS	B	0.57%	0.58%	0.57%
DOC	D	0.08%	0.05%	0.05%
DOCU	A	0.18%	0.06%	0.06%
FTNT	C	0.24%	0.21%	0.21%
GEHC	F	0.17%	0.12%	0.12%
GEN	B	0.13%	0.05%	0.05%
GOOG	C	1.74%	2.84%	1.74%
GOOGL	C	2.02%	3.27%	2.02%
HD	A	1.32%	1.25%	1.25%
HLT	A	0.18%	0.18%	0.18%
IDXX	F	0.26%	0.1%	0.1%
KLAC	D	0.54%	0.3%	0.3%
KR	B	0.11%	0.13%	0.11%
LPLA	A	0.03%	0.07%	0.03%
LRCX	F	0.23%	0.35%	0.23%
MA	C	1.34%	1.35%	1.34%
META	D	2.87%	3.94%	2.87%
MGM	D	0.22%	0.03%	0.03%
MS	A	0.16%	0.5%	0.16%
MSCI	C	0.49%	0.14%	0.14%
MSFT	F	5.64%	4.69%	4.69%
MSI	B	0.26%	0.23%	0.23%
MU	D	0.47%	0.35%	0.35%
NFLX	A	1.26%	1.17%	1.17%
NOW	A	0.34%	0.74%	0.34%
NVDA	C	7.27%	5.39%	5.39%
ORCL	B	0.04%	0.98%	0.04%
PSA	D	0.19%	0.16%	0.16%
PYPL	B	0.54%	0.27%	0.27%
QCOM	F	0.84%	0.56%	0.56%
QRVO	F	0.11%	0.02%	0.02%
ROST	C	0.1%	0.13%	0.1%
SCHW	B	0.56%	0.37%	0.37%
SEIC	B	0.54%	0.02%	0.02%
SOLV	C	0.12%	0.03%	0.03%
SPG	B	0.16%	0.17%	0.16%
SPGI	C	0.28%	0.48%	0.28%
SQ	B	0.59%	0.14%	0.14%
TJX	A	0.73%	0.43%	0.43%
TROW	B	0.23%	0.08%	0.08%
TWLO	A	0.02%	0.05%	0.02%
UNH	C	0.57%	1.71%	0.57%
V	A	0.47%	1.52%	0.47%
VEEV	C	0.12%	0.11%	0.11%
WDAY	B	0.16%	0.19%	0.16%
WMT	A	0.8%	1.18%	0.8%
ZBRA	B	0.47%	0.09%	0.09%
ZM	B	0.52%	0.06%	0.06%

FHEQ Overweight 97 Positions Relative to GLBL

Symbol	Grade	Weight
JPM	A	1.82%
XOM	B	1.54%
TSLA	B	1.26%
BAC	A	1.17%
ABBV	D	1.0%
PM	B	0.92%
PG	A	0.87%
LLY	F	0.76%
NEE	D	0.73%
UNP	C	0.73%
GILD	C	0.73%
MRK	F	0.69%
TT	A	0.69%
LMT	D	0.69%
BMY	B	0.68%
T	A	0.67%
CTAS	B	0.66%
PGR	A	0.63%
ECL	D	0.62%
JNJ	D	0.61%
CL	D	0.58%
NOC	D	0.56%
PFE	D	0.56%
C	A	0.54%
DVN	F	0.53%
CVNA	B	0.52%
MMC	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
TRV	B	0.49%
CAT	B	0.48%
GE	D	0.45%
IGT	F	0.45%
ALLE	D	0.44%
RTX	C	0.44%
EOG	A	0.43%
CSX	B	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
ALRM	C	0.4%
WM	A	0.38%
TDC	D	0.35%
PPG	F	0.34%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
MEDP	D	0.31%
GRMN	B	0.31%
CACI	D	0.3%
TMUS	B	0.29%
SKYW	B	0.29%
HWM	A	0.27%
INCY	C	0.27%
TMO	F	0.26%
NSC	B	0.26%
AMGN	D	0.24%
LHX	C	0.23%
AME	A	0.22%
MMM	D	0.22%
BIIB	F	0.21%
XEL	A	0.21%
RSG	A	0.2%
GL	B	0.2%
CLX	B	0.2%
GAP	C	0.18%
VZ	C	0.18%
LNW	D	0.17%
FTI	A	0.17%
ADP	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%
CINF	A	0.12%
NBIX	C	0.11%
VST	B	0.11%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
ALL	A	0.07%
BCC	B	0.07%
MDLZ	F	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%
QGEN	D	0.04%
SCCO	F	0.04%
CVX	A	0.02%
MHO	D	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 209 Positions Relative to GLBL

Symbol	Grade	Weight
MCD	D	-0.7%
AMD	F	-0.69%
ACN	C	-0.69%
ABT	B	-0.62%
IBM	C	-0.59%
TXN	C	-0.58%
INTU	C	-0.58%
ISRG	A	-0.57%
GS	A	-0.56%
TM	D	-0.55%
LOW	D	-0.51%
MELI	D	-0.45%
UL	D	-0.44%
SYK	C	-0.41%
BSX	B	-0.4%
FI	A	-0.4%
PANW	C	-0.38%
BX	A	-0.38%
PLTR	B	-0.38%
ADI	D	-0.35%
MDT	D	-0.35%
SBUX	A	-0.35%
INTC	D	-0.33%
PLD	D	-0.33%
TD	F	-0.3%
KKR	A	-0.29%
CDNS	B	-0.29%
ELV	F	-0.29%
ORLY	B	-0.29%
ICE	C	-0.29%
MCK	B	-0.29%
APH	A	-0.27%
SNPS	B	-0.26%
HCA	F	-0.25%
WELL	A	-0.25%
CRWD	B	-0.24%
MRVL	B	-0.23%
COF	B	-0.22%
TGT	F	-0.22%
ADSK	A	-0.22%
MCO	B	-0.22%
EQIX	A	-0.21%
AMP	A	-0.2%
APP	B	-0.2%
COIN	C	-0.2%
ROP	B	-0.2%
MAR	B	-0.2%
ABNB	C	-0.19%
APO	B	-0.19%
TTD	B	-0.18%
CNI	D	-0.18%
NXPI	D	-0.18%
DLR	B	-0.17%
O	D	-0.16%
HUBS	A	-0.16%
RCL	A	-0.16%
FIS	C	-0.15%
MSTR	C	-0.15%
CTSH	B	-0.14%
HUM	C	-0.14%
MPWR	F	-0.14%
CCI	D	-0.14%
TYL	B	-0.14%
SYY	B	-0.13%
DELL	C	-0.13%
YUM	B	-0.13%
IT	C	-0.13%
EXR	D	-0.12%
COR	B	-0.12%
HMC	F	-0.12%
TEAM	A	-0.12%
DDOG	A	-0.12%
GLW	B	-0.12%
SNOW	C	-0.12%
DFS	B	-0.12%
EW	C	-0.12%
IRM	D	-0.11%
MCHP	D	-0.11%
AVB	B	-0.11%
RMD	C	-0.11%
HPQ	B	-0.11%
NDAQ	A	-0.11%
RJF	A	-0.11%
EA	A	-0.11%
CHTR	C	-0.1%
CNC	D	-0.1%
ON	D	-0.1%
EBAY	D	-0.1%
VICI	C	-0.1%
DXCM	D	-0.09%
TTWO	A	-0.09%
CPAY	A	-0.09%
HPE	B	-0.09%
CDW	F	-0.09%
EQR	B	-0.09%
NET	B	-0.09%
GDDY	A	-0.09%
STT	A	-0.09%
ULTA	F	-0.09%
PTC	A	-0.09%
NTRS	A	-0.08%
VTR	C	-0.08%
MAA	B	-0.08%
SYF	B	-0.08%
ZBH	C	-0.08%
ARES	A	-0.08%
DRI	B	-0.08%
ANSS	B	-0.08%
GPN	B	-0.08%
NTAP	C	-0.08%
EXPE	B	-0.08%
TSCO	D	-0.07%
MANH	D	-0.07%
STX	D	-0.07%
MDB	C	-0.07%
WBD	C	-0.07%
ESS	B	-0.07%
WY	D	-0.07%
MOH	F	-0.07%
OMC	C	-0.07%
KEYS	A	-0.07%
RBLX	C	-0.07%
CCL	B	-0.07%
HOLX	D	-0.06%
PINS	D	-0.06%
TDY	B	-0.06%
FDS	B	-0.06%
LH	C	-0.06%
FFIV	B	-0.06%
LVS	C	-0.06%
GPC	D	-0.06%
EPAM	C	-0.06%
WDC	D	-0.06%
DKNG	B	-0.06%
SUI	D	-0.06%
LYV	A	-0.06%
TW	A	-0.06%
WSM	B	-0.06%
BURL	A	-0.06%
PODD	C	-0.06%
INVH	D	-0.06%
BBY	D	-0.06%
TFX	F	-0.05%
DLTR	F	-0.05%
GLPI	C	-0.05%
CBOE	B	-0.05%
DKS	C	-0.05%
PSTG	D	-0.05%
TOST	B	-0.05%
UHS	D	-0.05%
SMCI	F	-0.05%
ENTG	D	-0.05%
ZS	C	-0.05%
TER	D	-0.05%
DT	C	-0.05%
ALGN	D	-0.05%
ARE	D	-0.05%
TRMB	B	-0.05%
SBAC	D	-0.05%
DPZ	C	-0.05%
STE	F	-0.05%
KIM	A	-0.05%
HOOD	B	-0.05%
BAX	D	-0.05%
DG	F	-0.05%
ROKU	D	-0.04%
AMH	D	-0.04%
JNPR	F	-0.04%
CG	A	-0.04%
LKQ	D	-0.04%
KMX	B	-0.04%
SNAP	C	-0.04%
OKTA	C	-0.04%
DVA	B	-0.04%
IOT	A	-0.04%
BXP	D	-0.04%
H	B	-0.04%
DGX	A	-0.04%
HST	C	-0.04%
WPC	D	-0.04%
SWKS	F	-0.04%
JKHY	D	-0.04%
POOL	C	-0.04%
AKAM	D	-0.04%
UDR	B	-0.04%
FSLR	F	-0.04%
VRSN	F	-0.04%
EQH	B	-0.04%
ENPH	F	-0.03%
CRBG	B	-0.03%
CPT	B	-0.03%
JBL	B	-0.03%
MKTX	D	-0.03%
HSIC	B	-0.03%
FOXA	B	-0.03%
NWSA	B	-0.03%
ELS	C	-0.03%
IPG	D	-0.03%
ALLY	C	-0.03%
REG	B	-0.03%
WYNN	D	-0.02%
BEN	C	-0.02%
FOX	A	-0.02%
PARA	C	-0.02%
WBA	F	-0.02%
AGCO	D	-0.02%
MTCH	D	-0.02%
ACI	C	-0.02%
BSY	D	-0.02%