FHEQ vs. GPIQ ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ)

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

GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

GPIQ Description

The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity investments of companies that are included in the fund"s benchmark. The fund will generally seek to maintain style, capitalization and industry characteristics similar to its benchmark. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.91

Average Daily Volume

65,365

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	GPIQ
30 Days	2.51%	3.54%
60 Days	3.80%	4.89%
90 Days	4.54%	6.41%
12 Months		25.50%

36 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in GPIQ	Overlap
AAPL	C	7.31%	8.56%	7.31%
ADBE	C	0.93%	1.41%	0.93%
ADP	B	0.16%	0.77%	0.16%
AMAT	F	0.7%	0.89%	0.7%
AMGN	D	0.24%	0.96%	0.24%
AMZN	C	3.64%	5.3%	3.64%
AVGO	D	1.49%	4.88%	1.49%
BIIB	F	0.21%	0.14%	0.14%
CMCSA	B	0.83%	1.04%	0.83%
COST	B	0.45%	2.63%	0.45%
CSCO	B	0.79%	1.46%	0.79%
CSX	B	0.43%	0.43%	0.43%
CTAS	B	0.66%	0.56%	0.56%
DASH	A	0.12%	0.43%	0.12%
FTNT	C	0.24%	0.44%	0.24%
GEHC	F	0.17%	0.24%	0.17%
GILD	C	0.73%	0.7%	0.7%
GOOG	C	1.74%	2.47%	1.74%
GOOGL	C	2.02%	2.57%	2.02%
IDXX	F	0.26%	0.22%	0.22%
KLAC	D	0.54%	0.53%	0.53%
LRCX	F	0.23%	0.58%	0.23%
MDLZ	F	0.07%	0.54%	0.07%
META	D	2.87%	4.81%	2.87%
MSFT	F	5.64%	7.66%	5.64%
MU	D	0.47%	0.69%	0.47%
NFLX	A	1.26%	2.38%	1.26%
NVDA	C	7.27%	8.9%	7.27%
PCAR	B	0.42%	0.37%	0.37%
PYPL	B	0.54%	0.55%	0.54%
QCOM	F	0.84%	1.17%	0.84%
ROST	C	0.1%	0.3%	0.1%
TMUS	B	0.29%	1.73%	0.29%
TSLA	B	1.26%	4.13%	1.26%
WDAY	B	0.16%	0.35%	0.16%
XEL	A	0.21%	0.25%	0.21%

FHEQ Overweight 132 Positions Relative to GPIQ

Symbol	Grade	Weight
BRK.A	B	2.19%
JPM	A	1.82%
XOM	B	1.54%
MA	C	1.34%
HD	A	1.32%
BAC	A	1.17%
CRM	B	1.09%
ABBV	D	1.0%
PM	B	0.92%
PG	A	0.87%
WMT	A	0.8%
LLY	F	0.76%
NEE	D	0.73%
UNP	C	0.73%
TJX	A	0.73%
MRK	F	0.69%
TT	A	0.69%
LMT	D	0.69%
BMY	B	0.68%
T	A	0.67%
CI	F	0.63%
PGR	A	0.63%
ECL	D	0.62%
JNJ	D	0.61%
SQ	B	0.59%
BDX	F	0.59%
CL	D	0.58%
UNH	C	0.57%
DIS	B	0.57%
NOC	D	0.56%
SCHW	B	0.56%
PFE	D	0.56%
SEIC	B	0.54%
C	A	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
MMC	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
MSCI	C	0.49%
CMG	B	0.49%
TRV	B	0.49%
CAT	B	0.48%
ZBRA	B	0.47%
V	A	0.47%
GE	D	0.45%
IGT	F	0.45%
ALLE	D	0.44%
RTX	C	0.44%
EOG	A	0.43%
AXP	A	0.43%
EXEL	B	0.43%
CAH	B	0.4%
ALRM	C	0.4%
WM	A	0.38%
CME	A	0.37%
BK	A	0.36%
TDC	D	0.35%
PPG	F	0.34%
NOW	A	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%
SKYW	B	0.29%
SPGI	C	0.28%
HWM	A	0.27%
INCY	C	0.27%
MSI	B	0.26%
TMO	F	0.26%
NSC	B	0.26%
AMT	D	0.24%
BLK	C	0.23%
TROW	B	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
CVS	D	0.22%
MMM	D	0.22%
RSG	A	0.2%
GL	B	0.2%
CLX	B	0.2%
PSA	D	0.19%
GAP	C	0.18%
DOCU	A	0.18%
HLT	A	0.18%
VZ	C	0.18%
LNW	D	0.17%
FTI	A	0.17%
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%
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%
KR	B	0.11%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
ANET	C	0.08%
DOC	D	0.08%
ALL	A	0.07%
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%
CVX	A	0.02%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 66 Positions Relative to GPIQ

Symbol	Grade	Weight
AMD	F	-1.44%
PEP	F	-1.37%
LIN	D	-1.35%
ISRG	A	-1.22%
TXN	C	-1.17%
INTU	C	-1.15%
BKNG	A	-1.06%
HON	B	-0.95%
PANW	C	-0.8%
VRTX	F	-0.74%
SBUX	A	-0.71%
ADI	D	-0.67%
INTC	D	-0.66%
MELI	D	-0.62%
APP	B	-0.6%
CDNS	B	-0.52%
SNPS	B	-0.52%
CRWD	B	-0.52%
REGN	F	-0.51%
PDD	F	-0.5%
MAR	B	-0.5%
MRVL	B	-0.49%
CEG	D	-0.47%
ORLY	B	-0.44%
ADSK	A	-0.42%
ASML	F	-0.4%
ABNB	C	-0.37%
ROP	B	-0.37%
NXPI	D	-0.36%
CPRT	A	-0.35%
CHTR	C	-0.35%
MNST	C	-0.34%
FANG	D	-0.34%
TTD	B	-0.34%
AEP	D	-0.33%
PAYX	C	-0.32%
FAST	B	-0.3%
ODFL	B	-0.29%
EA	A	-0.28%
BKR	B	-0.27%
KDP	D	-0.27%
VRSK	A	-0.26%
DDOG	A	-0.26%
EXC	C	-0.25%
TEAM	A	-0.25%
KHC	F	-0.24%
AZN	D	-0.24%
CTSH	B	-0.24%
LULU	C	-0.23%
MCHP	D	-0.22%
CCEP	C	-0.22%
TTWO	A	-0.21%
ZS	C	-0.2%
ANSS	B	-0.19%
CSGP	D	-0.19%
DXCM	D	-0.19%
QQQM	B	-0.18%
ON	D	-0.18%
CDW	F	-0.15%
WBD	C	-0.15%
GFS	C	-0.15%
MDB	C	-0.14%
ILMN	D	-0.14%
SMCI	F	-0.11%
ARM	D	-0.1%
MRNA	F	-0.09%