FHEQ vs. IWY ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to iShares Russell Top 200 Growth ETF (IWY)

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

IWY

iShares Russell Top 200 Growth ETF

IWY Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200 Growth Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization growth sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$228.53

Average Daily Volume

255,415

Number of Holdings ^*

104

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	IWY
30 Days	2.51%	3.21%
60 Days	3.80%	4.64%
90 Days	4.54%	6.06%
12 Months		35.63%

55 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in IWY	Overlap
AAPL	C	7.31%	12.86%	7.31%
ABBV	D	1.0%	0.5%	0.5%
ADBE	C	0.93%	0.88%	0.88%
ADP	B	0.16%	0.45%	0.16%
AMAT	F	0.7%	0.51%	0.51%
AMGN	D	0.24%	0.47%	0.24%
AMT	D	0.24%	0.36%	0.24%
AMZN	C	3.64%	7.41%	3.64%
ANET	C	0.08%	0.38%	0.08%
AVGO	D	1.49%	2.95%	1.49%
AXP	A	0.43%	0.24%	0.24%
CAT	B	0.48%	0.1%	0.1%
CI	F	0.63%	0.03%	0.03%
CL	D	0.58%	0.16%	0.16%
CMG	B	0.49%	0.31%	0.31%
COST	B	0.45%	1.58%	0.45%
CRM	B	1.09%	1.02%	1.02%
CTAS	B	0.66%	0.28%	0.28%
DASH	A	0.12%	0.2%	0.12%
ECL	D	0.62%	0.21%	0.21%
FTNT	C	0.24%	0.19%	0.19%
GE	D	0.45%	0.16%	0.16%
GOOG	C	1.74%	3.37%	1.74%
GOOGL	C	2.02%	3.99%	2.02%
HD	A	1.32%	1.27%	1.27%
KLAC	D	0.54%	0.33%	0.33%
LLY	F	0.76%	2.35%	0.76%
LMT	D	0.69%	0.14%	0.14%
LRCX	F	0.23%	0.36%	0.23%
MA	C	1.34%	1.7%	1.34%
META	D	2.87%	4.78%	2.87%
MMC	B	0.52%	0.06%	0.06%
MMM	D	0.22%	0.05%	0.05%
MRK	F	0.69%	0.96%	0.69%
MS	A	0.16%	0.04%	0.04%
MSFT	F	5.64%	12.14%	5.64%
MSI	B	0.26%	0.15%	0.15%
NFLX	A	1.26%	1.39%	1.26%
NOW	A	0.34%	0.82%	0.34%
NVDA	C	7.27%	13.07%	7.27%
ORCL	B	0.04%	1.13%	0.04%
PG	A	0.87%	0.35%	0.35%
PGR	A	0.63%	0.5%	0.5%
PSA	D	0.19%	0.03%	0.03%
QCOM	F	0.84%	0.66%	0.66%
SCHW	B	0.56%	0.05%	0.05%
TJX	A	0.73%	0.32%	0.32%
TSLA	B	1.26%	3.51%	1.26%
TT	A	0.69%	0.12%	0.12%
UBER	D	0.14%	0.58%	0.14%
UNH	C	0.57%	0.15%	0.15%
UNP	C	0.73%	0.27%	0.27%
V	A	0.47%	1.92%	0.47%
WDAY	B	0.16%	0.22%	0.16%
WM	A	0.38%	0.34%	0.34%

FHEQ Overweight 113 Positions Relative to IWY

Symbol	Grade	Weight
BRK.A	B	2.19%
JPM	A	1.82%
XOM	B	1.54%
BAC	A	1.17%
PM	B	0.92%
CMCSA	B	0.83%
WMT	A	0.8%
CSCO	B	0.79%
NEE	D	0.73%
GILD	C	0.73%
BMY	B	0.68%
T	A	0.67%
JNJ	D	0.61%
SQ	B	0.59%
BDX	F	0.59%
DIS	B	0.57%
NOC	D	0.56%
PFE	D	0.56%
SEIC	B	0.54%
C	A	0.54%
PYPL	B	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%
TRV	B	0.49%
MU	D	0.47%
ZBRA	B	0.47%
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%
CAH	B	0.4%
ALRM	C	0.4%
CME	A	0.37%
BK	A	0.36%
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%
SPGI	C	0.28%
HWM	A	0.27%
INCY	C	0.27%
TMO	F	0.26%
IDXX	F	0.26%
NSC	B	0.26%
BLK	C	0.23%
TROW	B	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
CVS	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%
DOCU	A	0.18%
HLT	A	0.18%
VZ	C	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
SPG	B	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
ETN	A	0.15%
WFC	A	0.15%
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%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
DOC	D	0.08%
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%
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 49 Positions Relative to IWY

Symbol	Grade	Weight
INTU	C	-0.74%
ISRG	A	-0.73%
PEP	F	-0.68%
BKNG	A	-0.63%
AMD	F	-0.56%
KO	D	-0.54%
BX	A	-0.5%
PANW	C	-0.47%
SBUX	A	-0.34%
SHW	A	-0.32%
CDNS	B	-0.31%
SNPS	B	-0.31%
CRWD	B	-0.3%
MCO	B	-0.29%
ZTS	D	-0.26%
APO	B	-0.25%
ADSK	A	-0.25%
ORLY	B	-0.25%
VRTX	F	-0.24%
ABNB	C	-0.23%
NKE	D	-0.22%
GS	A	-0.2%
APH	A	-0.19%
AZO	C	-0.19%
CPRT	A	-0.18%
SNOW	C	-0.16%
SYK	C	-0.16%
TEAM	A	-0.15%
FI	A	-0.15%
LULU	C	-0.15%
MCK	B	-0.13%
MNST	C	-0.12%
ITW	B	-0.12%
KKR	A	-0.11%
TXN	C	-0.09%
HON	B	-0.09%
KMB	D	-0.07%
ELV	F	-0.06%
BA	F	-0.06%
HCA	F	-0.06%
MCD	D	-0.05%
TDG	D	-0.05%
CEG	D	-0.04%
REGN	F	-0.03%
EW	C	-0.03%
EQIX	A	-0.02%
EL	F	-0.02%
DELL	C	-0.02%
MRVL	B	-0.02%