FHEQ vs. RPG ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Guggenheim S&P 500 Pure Growth ETF (RPG)

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

RPG

Guggenheim S&P 500 Pure Growth ETF

RPG Description

The investment seeks to replicate as closely as possible, before fees and expenses, the performance of the S&P 500 Pure Growth Index Total Return. The fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities included in the underlying index. The underlying index is narrow in focus, containing only those S&P 500 companies with strong growth characteristics as selected by S&P. It may hold up to 10% of its assets in securities not included in the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.88

Average Daily Volume

226,381

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	RPG
30 Days	2.51%	7.68%
60 Days	3.80%	9.95%
90 Days	4.54%	12.78%
12 Months		40.40%

25 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in RPG	Overlap
AAPL	C	7.31%	0.69%	0.69%
ADBE	C	0.93%	0.83%	0.83%
AMAT	F	0.7%	1.31%	0.7%
AMZN	C	3.64%	1.29%	1.29%
ANET	C	0.08%	2.84%	0.08%
AVGO	D	1.49%	1.48%	1.48%
CMG	B	0.49%	1.38%	0.49%
CRM	B	1.09%	1.07%	1.07%
FTNT	C	0.24%	1.41%	0.24%
GOOG	C	1.74%	0.72%	0.72%
GOOGL	C	2.02%	0.85%	0.85%
HLT	A	0.18%	1.77%	0.18%
KLAC	D	0.54%	1.64%	0.54%
LLY	F	0.76%	0.94%	0.76%
LRCX	F	0.23%	0.96%	0.23%
META	D	2.87%	2.08%	2.08%
MSFT	F	5.64%	0.99%	0.99%
NFLX	A	1.26%	1.27%	1.26%
NOW	A	0.34%	1.95%	0.34%
NVDA	C	7.27%	5.05%	5.05%
ORCL	B	0.04%	1.4%	0.04%
ROST	C	0.1%	0.83%	0.1%
TSLA	B	1.26%	1.68%	1.26%
UBER	D	0.14%	1.96%	0.14%
VST	B	0.11%	2.2%	0.11%

FHEQ Overweight 143 Positions Relative to RPG

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%
ABBV	D	1.0%
PM	B	0.92%
PG	A	0.87%
QCOM	F	0.84%
CMCSA	B	0.83%
WMT	A	0.8%
CSCO	B	0.79%
NEE	D	0.73%
UNP	C	0.73%
TJX	A	0.73%
GILD	C	0.73%
MRK	F	0.69%
TT	A	0.69%
LMT	D	0.69%
BMY	B	0.68%
T	A	0.67%
CTAS	B	0.66%
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%
PYPL	B	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%
TRV	B	0.49%
CAT	B	0.48%
MU	D	0.47%
ZBRA	B	0.47%
V	A	0.47%
GE	D	0.45%
IGT	F	0.45%
COST	B	0.45%
ALLE	D	0.44%
RTX	C	0.44%
EOG	A	0.43%
CSX	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
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%
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%
MSI	B	0.26%
TMO	F	0.26%
IDXX	F	0.26%
NSC	B	0.26%
AMT	D	0.24%
AMGN	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%
BIIB	F	0.21%
XEL	A	0.21%
RSG	A	0.2%
GL	B	0.2%
CLX	B	0.2%
PSA	D	0.19%
GAP	C	0.18%
DOCU	A	0.18%
VZ	C	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
ADP	B	0.16%
WDAY	B	0.16%
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%
GEN	B	0.13%
DASH	A	0.12%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	D	0.11%
QRVO	F	0.11%
KR	B	0.11%
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 41 Positions Relative to RPG

Symbol	Grade	Weight
RCL	A	-3.5%
PLTR	B	-3.0%
TRGP	B	-2.8%
KKR	A	-2.65%
BKNG	A	-2.51%
AXON	A	-2.33%
LYV	A	-2.07%
CRWD	B	-2.02%
PHM	D	-1.92%
MAR	B	-1.84%
PANW	C	-1.8%
DECK	A	-1.78%
URI	B	-1.77%
BLDR	D	-1.75%
DHI	D	-1.62%
MPWR	F	-1.6%
ACGL	D	-1.51%
EXPE	B	-1.49%
AMD	F	-1.46%
NCLH	B	-1.44%
FICO	B	-1.41%
CPRT	A	-1.36%
FANG	D	-1.33%
NVR	D	-1.33%
INTU	C	-1.32%
CPAY	A	-1.15%
CDNS	B	-1.08%
TYL	B	-1.07%
FTV	C	-1.02%
ODFL	B	-0.93%
HES	B	-0.92%
WYNN	D	-0.9%
SNPS	B	-0.86%
LULU	C	-0.83%
GDDY	A	-0.79%
APA	D	-0.79%
TDG	D	-0.79%
WST	C	-0.75%
IT	C	-0.75%
CE	F	-0.75%
SMCI	F	-0.38%