FHEQ vs. IXG ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to iShares Global Financial ETF (IXG)

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

$28.03

Average Daily Volume

22,106

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

IXG

iShares Global Financial ETF

IXG Description

The investment seeks to track the investment results of an index composed of global equities in the financials sector. 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 S&P Global 1200 Financials Sector IndexTM (the "underlying index"), which measures the performance of companies that S&P Dow Jones Indices LLC ("S&P"), a subsidiary of McGraw Hill Financial, Inc., deems to be part of the financial sector of the economy and that S&P believes are important to global markets.

Grade (RS Rating)

Last Trade

$99.25

Average Daily Volume

34,704

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	IXG
30 Days	1.67%	2.71%
60 Days	5.89%	7.17%
90 Days	6.98%	10.76%
12 Months		39.02%

23 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in IXG	Overlap
ALL	A	0.07%	0.45%	0.07%
AXP	B	0.42%	1.39%	0.42%
BAC	A	1.13%	2.61%	1.13%
BK	B	0.35%	0.49%	0.35%
BRK.A	B	2.12%	7.29%	2.12%
C	A	0.53%	1.13%	0.53%
CINF	A	0.12%	0.2%	0.12%
CME	A	0.36%	0.7%	0.36%
GL	B	0.2%	0.08%	0.08%
JPM	B	1.75%	5.79%	1.75%
L	A	0.07%	0.13%	0.07%
MA	B	1.33%	3.72%	1.33%
MMC	C	0.52%	0.95%	0.52%
MS	A	0.16%	1.39%	0.16%
MSCI	B	0.49%	0.4%	0.4%
PGR	A	0.64%	1.31%	0.64%
PYPL	A	0.54%	0.73%	0.54%
SCHW	A	0.53%	0.95%	0.53%
SPGI	C	0.41%	1.38%	0.41%
TROW	B	0.22%	0.22%	0.22%
TRV	B	0.52%	0.51%	0.51%
V	A	0.46%	4.41%	0.46%
WTW	A	0.31%	0.27%	0.27%

FHEQ Overweight 146 Positions Relative to IXG

Symbol	Grade	Weight
NVDA	B	7.54%
AAPL	C	7.05%
MSFT	C	5.62%
AMZN	A	3.61%
META	B	2.96%
GOOGL	B	2.05%
GOOG	B	1.98%
AVGO	C	1.73%
XOM	B	1.51%
HD	B	1.27%
CRM	B	1.23%
NFLX	A	1.21%
TSLA	B	1.15%
ABBV	D	1.0%
ADBE	C	0.96%
PM	C	0.85%
LLY	F	0.84%
CMCSA	B	0.83%
QCOM	F	0.82%
PG	C	0.82%
CSCO	A	0.8%
WMT	A	0.79%
GILD	C	0.77%
BMY	B	0.77%
AMAT	F	0.75%
LMT	C	0.73%
UNP	C	0.73%
TJX	B	0.72%
NEE	D	0.69%
TT	A	0.68%
CTAS	A	0.67%
MRK	F	0.66%
CI	D	0.65%
T	A	0.63%
ECL	C	0.61%
SQ	B	0.6%
BDX	D	0.59%
JNJ	D	0.59%
NOC	C	0.59%
CSX	B	0.58%
UNH	B	0.58%
PFE	F	0.58%
KLAC	F	0.57%
ZM	B	0.57%
CL	F	0.55%
CMG	B	0.55%
SEIC	A	0.54%
DBX	B	0.53%
MU	D	0.53%
DVN	F	0.51%
CVNA	B	0.51%
EXEL	B	0.5%
TXT	C	0.49%
IGT	D	0.49%
CAT	C	0.48%
ZBRA	A	0.48%
RTX	C	0.45%
COST	B	0.45%
GE	C	0.45%
PCAR	B	0.43%
DIS	B	0.42%
CAH	A	0.42%
ALLE	D	0.4%
LDOS	B	0.39%
WM	A	0.38%
CACI	C	0.37%
MEDP	C	0.35%
TDC	D	0.34%
NOW	A	0.34%
NUE	C	0.33%
ANF	D	0.33%
PPG	F	0.32%
GRMN	A	0.31%
SKYW	B	0.3%
TMO	F	0.28%
INCY	B	0.28%
HWM	A	0.27%
EOG	A	0.27%
AMGN	F	0.26%
ALRM	C	0.26%
NSC	B	0.26%
LRCX	F	0.24%
MSI	B	0.24%
MMM	C	0.22%
BIIB	F	0.22%
CVS	F	0.21%
LHX	A	0.21%
AMT	F	0.21%
VZ	C	0.2%
DOCU	B	0.2%
XEL	A	0.2%
CLX	A	0.19%
GAP	B	0.18%
IDXX	D	0.18%
HLT	A	0.18%
PSA	C	0.18%
LNW	F	0.18%
PEGA	A	0.17%
GEHC	F	0.17%
FTI	B	0.17%
ADP	A	0.16%
WDAY	B	0.16%
TPH	D	0.15%
MGM	D	0.15%
ETN	A	0.15%
SPG	B	0.15%
UBER	F	0.14%
F	C	0.14%
FTNT	B	0.14%
SOLV	D	0.13%
VEEV	B	0.13%
GEN	A	0.13%
BAH	C	0.12%
DASH	A	0.12%
QRVO	F	0.11%
NBIX	C	0.11%
KR	A	0.11%
ROST	F	0.1%
AME	A	0.1%
VST	B	0.1%
PLTK	B	0.1%
UHS	D	0.08%
ANET	C	0.08%
DOC	C	0.08%
LYFT	B	0.07%
BCC	B	0.07%
TMUS	A	0.07%
MDLZ	F	0.07%
BBWI	C	0.07%
UTHR	B	0.06%
CRUS	F	0.06%
CNC	F	0.06%
IFF	F	0.05%
CCL	A	0.05%
STLD	B	0.05%
ORCL	A	0.04%
RSG	A	0.04%
SCCO	F	0.04%
ED	D	0.04%
LPLA	B	0.03%
CVX	B	0.02%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 53 Positions Relative to IXG

Symbol	Grade	Weight
WFC	A	-2.05%
GS	B	-1.6%
BLK	B	-1.24%
MUFG	A	-1.23%
BX	A	-1.1%
FI	A	-1.04%
CB	C	-0.91%
KKR	B	-0.88%
SMFG	B	-0.8%
ICE	D	-0.77%
AON	A	-0.72%
PNC	B	-0.69%
USB	A	-0.67%
MCO	C	-0.64%
COF	B	-0.61%
AJG	A	-0.55%
TFC	B	-0.52%
MFG	B	-0.49%
AFL	C	-0.47%
AMP	A	-0.47%
AIG	B	-0.42%
MET	C	-0.41%
FIS	B	-0.41%
DFS	B	-0.38%
PRU	B	-0.37%
ACGL	D	-0.33%
MTB	B	-0.3%
HIG	C	-0.29%
NDAQ	A	-0.28%
FITB	A	-0.27%
RJF	A	-0.25%
GPN	B	-0.24%
STT	B	-0.24%
BRO	A	-0.23%
SYF	B	-0.22%
HBAN	B	-0.22%
CPAY	A	-0.22%
RF	B	-0.2%
CFG	B	-0.18%
NTRS	A	-0.18%
CBOE	D	-0.17%
PFG	C	-0.16%
FDS	A	-0.16%
WRB	B	-0.16%
KEY	B	-0.15%
NMR	C	-0.15%
EG	D	-0.14%
JKHY	C	-0.11%
AIZ	A	-0.1%
MKTX	C	-0.09%
ERIE	F	-0.09%
IVZ	C	-0.07%
BEN	C	-0.05%