FHEQ vs. ITAN ETF Comparison
Comparison of Fidelity Hedged Equity ETF (FHEQ) to Sparkline Intangible Value ETF (ITAN)
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
$28.05
Average Daily Volume
22,031
Number of Holdings
*
165
* may have additional holdings in another (foreign) market
ITAN
Sparkline Intangible Value ETF
ITAN Description
The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.Grade (RS Rating)
Last Trade
$32.18
Average Daily Volume
5,548
Number of Holdings
*
150
* may have additional holdings in another (foreign) market
Performance
| Period | FHEQ | ITAN |
|---|---|---|
| 30 Days | 2.51% | 4.95% |
| 60 Days | 5.97% | 10.42% |
| 90 Days | 8.38% | 15.26% |
| 12 Months | 38.11% |
46 Overlapping Holdings
| Symbol | Grade | Weight in FHEQ | Weight in ITAN | Overlap | |
|---|---|---|---|---|---|
| ALL | A | 0.06% | 0.68% | 0.06% | |
| AMZN | B | 3.42% | 4.89% | 3.42% | |
| ANF | D | 0.32% | 0.28% | 0.28% | |
| BDX | D | 0.62% | 0.71% | 0.62% | |
| BIIB | F | 0.24% | 0.42% | 0.24% | |
| BMY | B | 0.74% | 0.99% | 0.74% | |
| CACI | B | 0.37% | 0.46% | 0.37% | |
| CAH | B | 0.41% | 0.49% | 0.41% | |
| CMCSA | B | 0.86% | 1.07% | 0.86% | |
| CNC | F | 0.07% | 0.6% | 0.07% | |
| CRM | B | 1.11% | 1.99% | 1.11% | |
| CSCO | A | 0.78% | 1.8% | 0.78% | |
| CVNA | B | 0.49% | 0.64% | 0.49% | |
| CVS | F | 0.22% | 0.86% | 0.22% | |
| DASH | A | 0.11% | 0.71% | 0.11% | |
| DBX | B | 0.54% | 0.37% | 0.37% | |
| DIS | C | 0.41% | 1.07% | 0.41% | |
| DOCU | A | 0.18% | 0.51% | 0.18% | |
| F | C | 0.13% | 0.8% | 0.13% | |
| GAP | C | 0.17% | 0.24% | 0.17% | |
| GILD | B | 0.76% | 0.93% | 0.76% | |
| GOOG | B | 1.96% | 2.01% | 1.96% | |
| GOOGL | B | 2.02% | 2.01% | 2.01% | |
| KR | A | 0.11% | 0.51% | 0.11% | |
| LDOS | A | 0.37% | 0.59% | 0.37% | |
| LHX | B | 0.11% | 0.7% | 0.11% | |
| LMT | D | 0.71% | 0.78% | 0.71% | |
| LYFT | B | 0.05% | 0.3% | 0.05% | |
| META | B | 3.01% | 2.94% | 2.94% | |
| MMM | D | 0.22% | 0.86% | 0.22% | |
| NOC | C | 0.59% | 0.86% | 0.59% | |
| ORCL | A | 0.04% | 2.2% | 0.04% | |
| PFE | F | 0.65% | 1.34% | 0.65% | |
| PYPL | B | 0.5% | 1.04% | 0.5% | |
| QCOM | F | 0.86% | 1.64% | 0.86% | |
| QRVO | F | 0.1% | 0.18% | 0.1% | |
| RTX | C | 0.45% | 1.15% | 0.45% | |
| SQ | A | 0.53% | 0.82% | 0.53% | |
| T | C | 0.65% | 1.52% | 0.65% | |
| TMUS | A | 0.07% | 1.44% | 0.07% | |
| TWLO | B | 0.02% | 0.54% | 0.02% | |
| TXT | D | 0.47% | 0.28% | 0.28% | |
| VZ | D | 0.51% | 1.24% | 0.51% | |
| WDAY | B | 0.15% | 0.63% | 0.15% | |
| ZBRA | A | 0.48% | 0.45% | 0.45% | |
| ZM | A | 0.54% | 0.51% | 0.51% |
FHEQ Overweight 119 Positions Relative to ITAN
| Symbol | Grade | Weight | |
|---|---|---|---|
| AAPL | D | 7.29% | |
| NVDA | A | 7.2% | |
| MSFT | C | 5.66% | |
| BRK.A | C | 2.15% | |
| AVGO | B | 1.72% | |
| JPM | B | 1.69% | |
| XOM | B | 1.51% | |
| MA | A | 1.33% | |
| HD | B | 1.29% | |
| ABBV | D | 1.25% | |
| NFLX | A | 1.17% | |
| BAC | A | 1.08% | |
| PM | C | 0.93% | |
| ADBE | C | 0.92% | |
| LLY | D | 0.87% | |
| TSLA | B | 0.87% | |
| PG | D | 0.85% | |
| WMT | A | 0.8% | |
| AMAT | F | 0.76% | |
| UNP | D | 0.74% | |
| TMO | F | 0.74% | |
| MRK | F | 0.71% | |
| TJX | B | 0.7% | |
| TT | A | 0.64% | |
| JNJ | F | 0.64% | |
| CTAS | A | 0.64% | |
| CI | D | 0.63% | |
| PGR | B | 0.61% | |
| KLAC | F | 0.6% | |
| NEE | D | 0.6% | |
| ECL | D | 0.6% | |
| CAT | B | 0.6% | |
| ANET | C | 0.59% | |
| CL | F | 0.58% | |
| MSCI | B | 0.57% | |
| CMG | B | 0.56% | |
| UNH | B | 0.56% | |
| CSX | B | 0.55% | |
| SEIC | A | 0.54% | |
| DVN | F | 0.53% | |
| MU | C | 0.53% | |
| MMC | C | 0.52% | |
| C | B | 0.51% | |
| TRV | B | 0.51% | |
| SCHW | A | 0.5% | |
| EXEL | B | 0.49% | |
| IGT | D | 0.49% | |
| COST | B | 0.44% | |
| V | A | 0.44% | |
| GE | C | 0.44% | |
| AXP | B | 0.42% | |
| SPGI | D | 0.41% | |
| ALLE | D | 0.41% | |
| TDC | D | 0.4% | |
| PCAR | B | 0.39% | |
| WM | A | 0.38% | |
| CME | B | 0.37% | |
| BK | B | 0.35% | |
| PPG | F | 0.34% | |
| NOW | A | 0.32% | |
| MEDP | D | 0.32% | |
| NUE | C | 0.31% | |
| GRMN | A | 0.3% | |
| WTW | A | 0.3% | |
| INCY | B | 0.28% | |
| AMGN | F | 0.28% | |
| UBER | F | 0.27% | |
| NSC | B | 0.26% | |
| SKYW | B | 0.26% | |
| EOG | B | 0.25% | |
| XEL | A | 0.24% | |
| HWM | B | 0.24% | |
| MSI | B | 0.23% | |
| NBIX | C | 0.22% | |
| CLX | B | 0.2% | |
| PSA | D | 0.19% | |
| GL | B | 0.19% | |
| HLT | A | 0.18% | |
| GEHC | D | 0.18% | |
| ALRM | C | 0.18% | |
| LNW | C | 0.17% | |
| PEGA | A | 0.16% | |
| FTI | B | 0.16% | |
| TPH | D | 0.15% | |
| SPG | B | 0.15% | |
| ADP | A | 0.15% | |
| SOLV | C | 0.14% | |
| TROW | B | 0.14% | |
| MS | A | 0.14% | |
| ETN | A | 0.14% | |
| LRCX | F | 0.13% | |
| GEN | A | 0.13% | |
| CINF | A | 0.12% | |
| FTNT | A | 0.12% | |
| VEEV | B | 0.12% | |
| MGM | F | 0.12% | |
| UTHR | B | 0.11% | |
| PLTK | B | 0.1% | |
| ROST | F | 0.1% | |
| UHS | D | 0.09% | |
| VST | B | 0.09% | |
| MDLZ | F | 0.08% | |
| BBWI | C | 0.07% | |
| L | B | 0.07% | |
| IFF | F | 0.06% | |
| CRUS | F | 0.06% | |
| CCL | A | 0.05% | |
| SCCO | D | 0.05% | |
| STLD | B | 0.05% | |
| IDXX | D | 0.04% | |
| AMT | F | 0.04% | |
| OGE | B | 0.04% | |
| ED | D | 0.02% | |
| CVX | B | 0.02% | |
| MHO | D | 0.02% | |
| KO | F | 0.02% | |
| UNM | A | 0.01% | |
| BCC | B | 0.01% | |
| NWL | B | 0.01% |
FHEQ Underweight 104 Positions Relative to ITAN
| Symbol | Grade | Weight | |
|---|---|---|---|
| IBM | D | -1.62% | |
| ACN | C | -1.47% | |
| WFC | B | -1.46% | |
| DELL | C | -1.3% | |
| INTC | C | -1.25% | |
| MDT | D | -1.23% | |
| HON | B | -1.1% | |
| COF | B | -1.05% | |
| GM | B | -1.02% | |
| TGT | C | -1.02% | |
| BA | F | -1.0% | |
| CMI | B | -0.88% | |
| PANW | A | -0.87% | |
| FDX | B | -0.84% | |
| CHTR | B | -0.78% | |
| UAL | A | -0.76% | |
| HPQ | B | -0.75% | |
| CTSH | A | -0.74% | |
| GD | A | -0.66% | |
| NXPI | F | -0.66% | |
| EBAY | D | -0.65% | |
| ADSK | B | -0.64% | |
| ILMN | C | -0.63% | |
| GLW | B | -0.63% | |
| DAL | A | -0.62% | |
| JCI | B | -0.62% | |
| HPE | B | -0.6% | |
| WDC | D | -0.59% | |
| EXPE | B | -0.58% | |
| SNAP | C | -0.58% | |
| NTAP | C | -0.57% | |
| BAH | C | -0.55% | |
| HUM | F | -0.55% | |
| EA | A | -0.52% | |
| PRU | B | -0.51% | |
| BAX | F | -0.51% | |
| BBY | D | -0.49% | |
| NTNX | B | -0.48% | |
| FFIV | B | -0.47% | |
| ZS | B | -0.47% | |
| VTRS | B | -0.46% | |
| WBD | C | -0.46% | |
| DD | D | -0.45% | |
| ROK | B | -0.44% | |
| J | B | -0.44% | |
| ACM | B | -0.43% | |
| OKTA | C | -0.43% | |
| JNPR | C | -0.43% | |
| LH | B | -0.43% | |
| PSTG | D | -0.42% | |
| DGX | A | -0.41% | |
| JLL | C | -0.4% | |
| IP | B | -0.39% | |
| AAL | B | -0.39% | |
| ROKU | C | -0.38% | |
| JBL | B | -0.38% | |
| EXAS | F | -0.38% | |
| AKAM | F | -0.36% | |
| CIEN | B | -0.36% | |
| TRMB | B | -0.36% | |
| TPR | B | -0.35% | |
| DVA | C | -0.35% | |
| HAL | D | -0.35% | |
| TRU | D | -0.35% | |
| LUMN | B | -0.35% | |
| ALLY | C | -0.33% | |
| NWSA | B | -0.33% | |
| EMN | D | -0.33% | |
| WBA | D | -0.32% | |
| SWKS | F | -0.32% | |
| LUV | B | -0.32% | |
| SPOT | A | -0.31% | |
| U | D | -0.3% | |
| SWK | F | -0.3% | |
| ACI | C | -0.3% | |
| TAP | B | -0.29% | |
| BIO | C | -0.29% | |
| PARA | C | -0.29% | |
| ETSY | C | -0.29% | |
| HAS | D | -0.28% | |
| WHR | B | -0.27% | |
| W | F | -0.27% | |
| JAZZ | B | -0.27% | |
| MAT | C | -0.27% | |
| MTCH | F | -0.27% | |
| MASI | B | -0.25% | |
| DOX | A | -0.25% | |
| IVZ | C | -0.25% | |
| ELAN | D | -0.25% | |
| RIVN | F | -0.24% | |
| BWA | B | -0.23% | |
| HRB | D | -0.23% | |
| UAA | B | -0.23% | |
| PATH | C | -0.23% | |
| ARW | F | -0.23% | |
| RUN | F | -0.23% | |
| ALK | A | -0.23% | |
| FLS | B | -0.22% | |
| RHI | B | -0.21% | |
| AGCO | F | -0.2% | |
| NOV | D | -0.2% | |
| XRAY | F | -0.18% | |
| HOG | F | -0.18% | |
| M | D | -0.17% |
FHEQ: Top Represented Industries & Keywords
Industries:
Software - Application
Drug Manufacturers - Major
Apparel Stores
Insurance - Property & Casualty
Semiconductors
Telecom Services
Aerospace & Defense
Biotechnology
Capital Markets
Credit Services
Health Care Plans
Household & Personal Products
Specialty Industrial Machinery
Utilities - Regulated Electric
Asset Management
Banks - Global
Communication Equipment
Diagnostics & Research
Internet Content & Information
Railroads
ITAN: Top Represented Industries & Keywords
Industries:
Software - Application
Software - Infrastructure
Aerospace & Defense
Diversified Industrials
Internet Content & Information
Specialty Retail
Airlines
Communication Equipment
Diagnostics & Research
Information Technology Services
Semiconductors
Telecom Services
Drug Manufacturers - Major
Medical Instruments & Supplies
Auto Manufacturers
Data Storage
Engineering & Construction
Health Care Plans
Leisure
Pay TV
Keywords:
S&P 500
Nasdaq 100
Computing
Cloud Computing
Telecommunications
Work From Home
Mobile Devices
Aerospace
Cloud Infrastructure
Medicine
Software
Dow Jones Component
Electronics
Aviation
Operating System
Software As A Service
Biotechnology
Broadband
Information And Communications Technology
Chemical
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