FHEQ vs. PHDG ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)
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

$27.98

Average Daily Volume

24,517

Number of Holdings *

168

* may have additional holdings in another (foreign) market
PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.68

Average Daily Volume

12,482

Number of Holdings *

499

* may have additional holdings in another (foreign) market
Performance
Period FHEQ PHDG
30 Days 2.51% 0.66%
60 Days 3.80% 1.51%
90 Days 4.54% 1.58%
12 Months 18.52%
127 Overlapping Holdings
Symbol Grade Weight in FHEQ Weight in PHDG Overlap
AAPL C 7.31% 3.74% 3.74%
ABBV D 1.0% 0.32% 0.32%
ADBE C 0.93% 0.25% 0.25%
ADP B 0.16% 0.13% 0.13%
ALL A 0.07% 0.06% 0.06%
ALLE D 0.44% 0.01% 0.01%
AMAT F 0.7% 0.17% 0.17%
AME A 0.22% 0.05% 0.05%
AMGN D 0.24% 0.17% 0.17%
AMT D 0.24% 0.1% 0.1%
AMZN C 3.64% 2.13% 2.13%
ANET C 0.08% 0.11% 0.08%
AVGO D 1.49% 0.86% 0.86%
AXP A 0.43% 0.17% 0.17%
BAC A 1.17% 0.33% 0.33%
BDX F 0.59% 0.07% 0.07%
BIIB F 0.21% 0.03% 0.03%
BK A 0.36% 0.06% 0.06%
BLK C 0.23% 0.16% 0.16%
BMY B 0.68% 0.13% 0.13%
BRK.A B 2.19% 0.92% 0.92%
C A 0.54% 0.14% 0.14%
CAH B 0.4% 0.03% 0.03%
CAT B 0.48% 0.2% 0.2%
CI F 0.63% 0.1% 0.1%
CINF A 0.12% 0.03% 0.03%
CL D 0.58% 0.08% 0.08%
CLX B 0.2% 0.02% 0.02%
CMCSA B 0.83% 0.18% 0.18%
CME A 0.37% 0.09% 0.09%
CMG B 0.49% 0.09% 0.09%
COST B 0.45% 0.44% 0.44%
CRM B 1.09% 0.35% 0.35%
CSCO B 0.79% 0.25% 0.25%
CSX B 0.43% 0.07% 0.07%
CTAS B 0.66% 0.08% 0.08%
CVS D 0.22% 0.07% 0.07%
CVX A 0.02% 0.3% 0.02%
DIS B 0.57% 0.21% 0.21%
DOC D 0.08% 0.02% 0.02%
DVN F 0.53% 0.03% 0.03%
ECL D 0.62% 0.07% 0.07%
EOG A 0.43% 0.08% 0.08%
ETN A 0.15% 0.16% 0.15%
F C 0.15% 0.05% 0.05%
FTNT C 0.24% 0.06% 0.06%
GE D 0.45% 0.21% 0.21%
GEHC F 0.17% 0.04% 0.04%
GEN B 0.13% 0.02% 0.02%
GILD C 0.73% 0.12% 0.12%
GL B 0.2% 0.01% 0.01%
GOOG C 1.74% 0.92% 0.92%
GOOGL C 2.02% 1.11% 1.11%
GRMN B 0.31% 0.03% 0.03%
HD A 1.32% 0.43% 0.43%
HLT A 0.18% 0.07% 0.07%
HWM A 0.27% 0.05% 0.05%
IDXX F 0.26% 0.04% 0.04%
INCY C 0.27% 0.01% 0.01%
JNJ D 0.61% 0.39% 0.39%
JPM A 1.82% 0.74% 0.74%
KLAC D 0.54% 0.09% 0.09%
KR B 0.11% 0.04% 0.04%
L A 0.07% 0.02% 0.02%
LDOS C 0.32% 0.02% 0.02%
LHX C 0.23% 0.05% 0.05%
LLY F 0.76% 0.67% 0.67%
LMT D 0.69% 0.12% 0.12%
LRCX F 0.23% 0.11% 0.11%
MA C 1.34% 0.46% 0.46%
MDLZ F 0.07% 0.09% 0.07%
META D 2.87% 1.36% 1.36%
MGM D 0.22% 0.01% 0.01%
MMC B 0.52% 0.12% 0.12%
MMM D 0.22% 0.08% 0.08%
MRK F 0.69% 0.27% 0.27%
MS A 0.16% 0.18% 0.16%
MSCI C 0.49% 0.05% 0.05%
MSFT F 5.64% 3.42% 3.42%
MSI B 0.26% 0.09% 0.09%
MU D 0.47% 0.12% 0.12%
NEE D 0.73% 0.17% 0.17%
NFLX A 1.26% 0.39% 0.39%
NOC D 0.56% 0.07% 0.07%
NOW A 0.34% 0.23% 0.23%
NSC B 0.26% 0.06% 0.06%
NUE C 0.32% 0.04% 0.04%
NVDA C 7.27% 3.89% 3.89%
ORCL B 0.04% 0.32% 0.04%
PCAR B 0.42% 0.07% 0.07%
PFE D 0.56% 0.16% 0.16%
PG A 0.87% 0.42% 0.42%
PGR A 0.63% 0.16% 0.16%
PM B 0.92% 0.21% 0.21%
PPG F 0.34% 0.03% 0.03%
PSA D 0.19% 0.06% 0.06%
PYPL B 0.54% 0.09% 0.09%
QCOM F 0.84% 0.2% 0.2%
QRVO F 0.11% 0.01% 0.01%
ROST C 0.1% 0.05% 0.05%
RSG A 0.2% 0.05% 0.05%
RTX C 0.44% 0.17% 0.17%
SCHW B 0.56% 0.13% 0.13%
SOLV C 0.12% 0.01% 0.01%
SPG B 0.16% 0.06% 0.06%
SPGI C 0.28% 0.18% 0.18%
T A 0.67% 0.17% 0.17%
TJX A 0.73% 0.15% 0.15%
TMO F 0.26% 0.22% 0.22%
TMUS B 0.29% 0.13% 0.13%
TROW B 0.23% 0.03% 0.03%
TRV B 0.49% 0.06% 0.06%
TSLA B 1.26% 0.93% 0.93%
TT A 0.69% 0.1% 0.1%
TXT D 0.51% 0.02% 0.02%
UBER D 0.14% 0.16% 0.14%
UNH C 0.57% 0.59% 0.57%
UNP C 0.73% 0.15% 0.15%
V A 0.47% 0.56% 0.47%
VST B 0.11% 0.05% 0.05%
VZ C 0.18% 0.19% 0.18%
WFC A 0.15% 0.27% 0.15%
WM A 0.38% 0.09% 0.09%
WMT A 0.8% 0.4% 0.4%
XEL A 0.21% 0.04% 0.04%
XOM B 1.54% 0.58% 0.58%
ZBRA B 0.47% 0.02% 0.02%
FHEQ Overweight 41 Positions Relative to PHDG
Symbol Grade Weight
SQ B 0.59%
SEIC B 0.54%
ZM B 0.52%
CVNA B 0.52%
DBX B 0.51%
IGT F 0.45%
EXEL B 0.43%
ALRM C 0.4%
TDC D 0.35%
ANF C 0.33%
MEDP D 0.31%
CACI D 0.3%
SKYW B 0.29%
GAP C 0.18%
DOCU A 0.18%
LNW D 0.17%
FTI A 0.17%
WDAY B 0.16%
PEGA A 0.16%
TPH D 0.15%
DASH A 0.12%
VEEV C 0.12%
NBIX C 0.11%
BBWI D 0.11%
PLTK B 0.1%
MKL A 0.09%
BAH F 0.09%
BCC B 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%
MHO D 0.02%
TWLO A 0.02%
UNM A 0.01%
NWL B 0.01%
OGE B 0.01%
FHEQ Underweight 372 Positions Relative to PHDG
Symbol Grade Weight
KO D -0.26%
AMD F -0.24%
PEP F -0.24%
ACN C -0.24%
MCD D -0.23%
LIN D -0.23%
ABT B -0.22%
ISRG A -0.21%
IBM C -0.21%
INTU C -0.21%
GS A -0.2%
TXN C -0.2%
BKNG A -0.18%
DHR F -0.17%
LOW D -0.17%
HON B -0.16%
PANW C -0.14%
BSX B -0.14%
BX A -0.14%
COP C -0.14%
SYK C -0.14%
PLTR B -0.13%
FI A -0.13%
VRTX F -0.13%
INTC D -0.12%
CB C -0.12%
MDT D -0.12%
SBUX A -0.12%
BA F -0.11%
DE A -0.11%
KKR A -0.11%
ADI D -0.11%
PLD D -0.11%
PH A -0.1%
GEV B -0.1%
ICE C -0.1%
SHW A -0.1%
NKE D -0.1%
ELV F -0.1%
MO A -0.1%
SO D -0.1%
UPS C -0.1%
ZTS D -0.09%
MCK B -0.09%
CRWD B -0.09%
AON A -0.09%
PNC B -0.09%
REGN F -0.09%
CDNS B -0.09%
SNPS B -0.09%
DUK C -0.09%
EQIX A -0.09%
APH A -0.09%
COF B -0.08%
APD A -0.08%
CEG D -0.08%
TGT F -0.08%
ORLY B -0.08%
TDG D -0.08%
ITW B -0.08%
EMR A -0.08%
GD F -0.08%
MCO B -0.08%
WELL A -0.08%
USB A -0.08%
ROP B -0.07%
SLB C -0.07%
TFC A -0.07%
FCX D -0.07%
CARR D -0.07%
OKE A -0.07%
HCA F -0.07%
AJG B -0.07%
GM B -0.07%
MAR B -0.07%
FDX B -0.07%
ADSK A -0.07%
WMB A -0.07%
KMI A -0.06%
GWW B -0.06%
MPC D -0.06%
AZO C -0.06%
PSX C -0.06%
DLR B -0.06%
RCL A -0.06%
AMP A -0.06%
AFL B -0.06%
URI B -0.06%
FICO B -0.06%
JCI C -0.06%
NXPI D -0.06%
SRE A -0.06%
ABNB C -0.06%
TRGP B -0.05%
ODFL B -0.05%
COR B -0.05%
BKR B -0.05%
PEG A -0.05%
AXON A -0.05%
DFS B -0.05%
KMB D -0.05%
CCI D -0.05%
VLO C -0.05%
PCG A -0.05%
PRU A -0.05%
KVUE A -0.05%
NEM D -0.05%
PAYX C -0.05%
FAST B -0.05%
D C -0.05%
PWR A -0.05%
DHI D -0.05%
FIS C -0.05%
MET A -0.05%
AIG B -0.05%
O D -0.05%
AEP D -0.05%
CMI A -0.05%
CPRT A -0.05%
ROK B -0.04%
VICI C -0.04%
ED D -0.04%
IRM D -0.04%
HUM C -0.04%
RMD C -0.04%
OXY D -0.04%
HIG B -0.04%
FANG D -0.04%
WAB B -0.04%
EXR D -0.04%
DD D -0.04%
IQV D -0.04%
MCHP D -0.04%
MTB A -0.04%
HPQ B -0.04%
GIS D -0.04%
MLM B -0.04%
GLW B -0.04%
SYY B -0.04%
VMC B -0.04%
ACGL D -0.04%
KDP D -0.04%
STZ D -0.04%
A D -0.04%
LULU C -0.04%
EXC C -0.04%
CHTR C -0.04%
YUM B -0.04%
DELL C -0.04%
MNST C -0.04%
EA A -0.04%
CTVA C -0.04%
CBRE B -0.04%
EW C -0.04%
OTIS C -0.04%
CTSH B -0.04%
HES B -0.04%
VRSK A -0.04%
LEN D -0.04%
IT C -0.04%
IR B -0.04%
DAL C -0.04%
SBAC D -0.03%
HUBB B -0.03%
AEE A -0.03%
RF A -0.03%
CDW F -0.03%
NTAP C -0.03%
PPL B -0.03%
CCL B -0.03%
WST C -0.03%
DTE C -0.03%
SW A -0.03%
EQR B -0.03%
ADM D -0.03%
VLTO D -0.03%
EQT B -0.03%
HBAN A -0.03%
SYF B -0.03%
AWK D -0.03%
CPAY A -0.03%
BRO B -0.03%
GDDY A -0.03%
TYL B -0.03%
VTR C -0.03%
MTD D -0.03%
CHD B -0.03%
HSY F -0.03%
FTV C -0.03%
BR A -0.03%
HAL C -0.03%
PHM D -0.03%
KEYS A -0.03%
DECK A -0.03%
DOV A -0.03%
HPE B -0.03%
KHC F -0.03%
STT A -0.03%
MPWR F -0.03%
ON D -0.03%
NVR D -0.03%
GPN B -0.03%
TTWO A -0.03%
XYL D -0.03%
ANSS B -0.03%
RJF A -0.03%
TSCO D -0.03%
DXCM D -0.03%
UAL A -0.03%
WEC A -0.03%
EBAY D -0.03%
CSGP D -0.03%
CNC D -0.03%
DOW F -0.03%
ETR B -0.03%
EIX B -0.03%
WTW B -0.03%
FITB A -0.03%
NDAQ A -0.03%
EFX F -0.03%
AVB B -0.03%
EPAM C -0.02%
NDSN B -0.02%
ROL B -0.02%
FFIV B -0.02%
RVTY F -0.02%
APTV D -0.02%
EVRG A -0.02%
JBL B -0.02%
AMCR D -0.02%
JBHT C -0.02%
VTRS A -0.02%
EL F -0.02%
LNT A -0.02%
DPZ C -0.02%
CF B -0.02%
VRSN F -0.02%
ALGN D -0.02%
EG C -0.02%
MRO B -0.02%
AVY D -0.02%
NI A -0.02%
BAX D -0.02%
KIM A -0.02%
ARE D -0.02%
DG F -0.02%
EXPD D -0.02%
LVS C -0.02%
GPC D -0.02%
MAS D -0.02%
TRMB B -0.02%
TER D -0.02%
IEX B -0.02%
DGX A -0.02%
PNR A -0.02%
J F -0.02%
KEY B -0.02%
WRB A -0.02%
BBY D -0.02%
MOH F -0.02%
HOLX D -0.02%
ULTA F -0.02%
TSN B -0.02%
PODD C -0.02%
PFG D -0.02%
MAA B -0.02%
CTRA B -0.02%
BALL D -0.02%
SNA A -0.02%
MKC D -0.02%
NRG B -0.02%
FDS B -0.02%
INVH D -0.02%
ESS B -0.02%
LUV C -0.02%
CNP B -0.02%
IP B -0.02%
STLD B -0.02%
DRI B -0.02%
LH C -0.02%
CMS C -0.02%
LYV A -0.02%
STX D -0.02%
OMC C -0.02%
WDC D -0.02%
CBOE B -0.02%
CFG B -0.02%
FSLR F -0.02%
FE C -0.02%
PKG A -0.02%
BLDR D -0.02%
NTRS A -0.02%
LYB F -0.02%
K A -0.02%
STE F -0.02%
ES D -0.02%
WBD C -0.02%
ZBH C -0.02%
TDY B -0.02%
WAT B -0.02%
ATO A -0.02%
WY D -0.02%
EXPE B -0.02%
IFF D -0.02%
PTC A -0.02%
FOX A -0.01%
WBA F -0.01%
BEN C -0.01%
PARA C -0.01%
FMC D -0.01%
DVA B -0.01%
MHK D -0.01%
HII D -0.01%
BWA D -0.01%
IVZ B -0.01%
CE F -0.01%
MTCH D -0.01%
HAS D -0.01%
APA D -0.01%
MOS F -0.01%
HSIC B -0.01%
CZR F -0.01%
RL B -0.01%
FRT B -0.01%
ENPH F -0.01%
WYNN D -0.01%
AOS F -0.01%
CPB D -0.01%
HRL D -0.01%
TFX F -0.01%
SMCI F -0.01%
AES F -0.01%
MKTX D -0.01%
CRL C -0.01%
ERIE D -0.01%
LKQ D -0.01%
PNW B -0.01%
CTLT B -0.01%
FOXA B -0.01%
IPG D -0.01%
PAYC B -0.01%
TAP C -0.01%
NWSA B -0.01%
AIZ A -0.01%
GNRC B -0.01%
TECH D -0.01%
LW C -0.01%
BXP D -0.01%
NCLH B -0.01%
SJM D -0.01%
EMN D -0.01%
UHS D -0.01%
ALB C -0.01%
REG B -0.01%
DAY B -0.01%
KMX B -0.01%
HST C -0.01%
BG F -0.01%
JKHY D -0.01%
JNPR F -0.01%
CPT B -0.01%
CHRW C -0.01%
CAG D -0.01%
SWK D -0.01%
DLTR F -0.01%
TPR B -0.01%
UDR B -0.01%
AKAM D -0.01%
SWKS F -0.01%
MRNA F -0.01%
POOL C -0.01%
NWS B -0.0%
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