FHEQ vs. QRMI ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Global X NASDAQ 100 Risk Managed Income ETF (QRMI)

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

QRMI

Global X NASDAQ 100 Risk Managed Income ETF

QRMI Description

Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in the public equity markets of the United States. It takes long and short positions to invest directly and through derivatives such as options in stocks of companies operating across non-financial companies sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index, by using full replication technique. Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF was formed on August 25, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$17.00

Average Daily Volume

8,933

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	QRMI
30 Days	2.51%	1.66%
60 Days	3.80%	2.63%
90 Days	4.54%	3.97%
12 Months		11.21%

36 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in QRMI	Overlap
AAPL	C	7.31%	8.69%	7.31%
ADBE	C	0.93%	1.42%	0.93%
ADP	B	0.16%	0.78%	0.16%
AMAT	F	0.7%	0.9%	0.7%
AMGN	D	0.24%	0.99%	0.24%
AMZN	C	3.64%	5.31%	3.64%
AVGO	D	1.49%	4.87%	1.49%
BIIB	F	0.21%	0.15%	0.15%
CMCSA	B	0.83%	1.07%	0.83%
COST	B	0.45%	2.65%	0.45%
CSCO	B	0.79%	1.49%	0.79%
CSX	B	0.43%	0.44%	0.43%
CTAS	B	0.66%	0.56%	0.56%
DASH	A	0.12%	0.42%	0.12%
FTNT	C	0.24%	0.46%	0.24%
GEHC	F	0.17%	0.25%	0.17%
GILD	C	0.73%	0.72%	0.72%
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%	0.59%	0.23%
MDLZ	F	0.07%	0.56%	0.07%
META	D	2.87%	4.9%	2.87%
MSFT	F	5.64%	7.71%	5.64%
MU	D	0.47%	0.7%	0.47%
NFLX	A	1.26%	2.44%	1.26%
NVDA	C	7.27%	8.93%	7.27%
PCAR	B	0.42%	0.37%	0.37%
PYPL	B	0.54%	0.56%	0.54%
QCOM	F	0.84%	1.1%	0.84%
ROST	C	0.1%	0.3%	0.1%
TMUS	B	0.29%	1.77%	0.29%
TSLA	B	1.26%	4.12%	1.26%
WDAY	B	0.16%	0.35%	0.16%
XEL	A	0.21%	0.25%	0.21%

FHEQ Overweight 132 Positions Relative to QRMI

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 65 Positions Relative to QRMI

Symbol	Grade	Weight
AMD	F	-1.43%
PEP	F	-1.4%
LIN	D	-1.38%
ISRG	A	-1.24%
INTU	C	-1.17%
TXN	C	-1.16%
BKNG	A	-1.07%
HON	B	-0.94%
PANW	C	-0.82%
VRTX	F	-0.75%
SBUX	A	-0.73%
ADI	D	-0.68%
INTC	D	-0.67%
MELI	D	-0.63%
APP	B	-0.62%
SNPS	B	-0.53%
CDNS	B	-0.53%
CRWD	B	-0.52%
MRVL	B	-0.51%
PDD	F	-0.51%
REGN	F	-0.51%
MAR	B	-0.5%
CEG	D	-0.47%
ORLY	B	-0.44%
ADSK	A	-0.42%
ASML	F	-0.4%
ABNB	C	-0.39%
ROP	B	-0.37%
NXPI	D	-0.36%
TTD	B	-0.36%
CPRT	A	-0.35%
FANG	D	-0.35%
CHTR	C	-0.35%
MNST	C	-0.34%
PAYX	C	-0.33%
AEP	D	-0.33%
FAST	B	-0.3%
EA	A	-0.29%
ODFL	B	-0.29%
KDP	D	-0.28%
BKR	B	-0.28%
VRSK	A	-0.27%
DDOG	A	-0.27%
CTSH	B	-0.25%
TEAM	A	-0.25%
EXC	C	-0.25%
AZN	D	-0.24%
KHC	F	-0.24%
LULU	C	-0.24%
CCEP	C	-0.23%
MCHP	D	-0.23%
TTWO	A	-0.22%
CSGP	D	-0.21%
ANSS	B	-0.2%
ZS	C	-0.2%
DXCM	D	-0.19%
ON	D	-0.19%
CDW	F	-0.16%
WBD	C	-0.16%
GFS	C	-0.15%
MDB	C	-0.14%
ILMN	D	-0.14%
ARM	D	-0.11%
MRNA	F	-0.1%
SMCI	F	-0.1%