FHEQ vs. RWL ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to RevenueShares Large Cap ETF (RWL)

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

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$103.10

Average Daily Volume

135,430

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	RWL
30 Days	2.51%	4.90%
60 Days	3.80%	5.46%
90 Days	4.54%	7.07%
12 Months		29.24%

127 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in RWL	Overlap
AAPL	C	7.31%	2.18%	2.18%
ABBV	D	1.0%	0.26%	0.26%
ADBE	C	0.93%	0.11%	0.11%
ADP	B	0.16%	0.11%	0.11%
ALL	A	0.07%	0.34%	0.07%
ALLE	D	0.44%	0.02%	0.02%
AMAT	F	0.7%	0.15%	0.15%
AME	A	0.22%	0.04%	0.04%
AMGN	D	0.24%	0.15%	0.15%
AMT	D	0.24%	0.05%	0.05%
AMZN	C	3.64%	3.77%	3.64%
ANET	C	0.08%	0.04%	0.04%
AVGO	D	1.49%	0.26%	0.26%
AXP	A	0.43%	0.44%	0.43%
BAC	A	1.17%	1.24%	1.17%
BDX	F	0.59%	0.11%	0.11%
BIIB	F	0.21%	0.04%	0.04%
BK	A	0.36%	0.23%	0.23%
BLK	C	0.23%	0.13%	0.13%
BMY	B	0.68%	0.3%	0.3%
BRK.A	B	2.19%	2.13%	2.13%
C	A	0.54%	1.1%	0.54%
CAH	B	0.4%	1.34%	0.4%
CAT	B	0.48%	0.41%	0.41%
CI	F	0.63%	1.06%	0.63%
CINF	A	0.12%	0.06%	0.06%
CL	D	0.58%	0.09%	0.09%
CLX	B	0.2%	0.04%	0.04%
CMCSA	B	0.83%	0.73%	0.73%
CME	A	0.37%	0.03%	0.03%
CMG	B	0.49%	0.06%	0.06%
COST	B	0.45%	1.41%	0.45%
CRM	B	1.09%	0.26%	0.26%
CSCO	B	0.79%	0.34%	0.34%
CSX	B	0.43%	0.09%	0.09%
CTAS	B	0.66%	0.05%	0.05%
CVS	D	0.22%	1.9%	0.22%
CVX	A	0.02%	1.25%	0.02%
DIS	B	0.57%	0.59%	0.57%
DOC	D	0.08%	0.01%	0.01%
DVN	F	0.53%	0.08%	0.08%
ECL	D	0.62%	0.08%	0.08%
EOG	A	0.43%	0.15%	0.15%
ETN	A	0.15%	0.16%	0.15%
F	C	0.15%	1.03%	0.15%
FTNT	C	0.24%	0.04%	0.04%
GE	D	0.45%	0.21%	0.21%
GEHC	F	0.17%	0.1%	0.1%
GEN	B	0.13%	0.02%	0.02%
GILD	C	0.73%	0.17%	0.17%
GL	B	0.2%	0.03%	0.03%
GOOG	C	1.74%	1.01%	1.01%
GOOGL	C	2.02%	1.01%	1.01%
GRMN	B	0.31%	0.04%	0.04%
HD	A	1.32%	0.89%	0.89%
HLT	A	0.18%	0.07%	0.07%
HWM	A	0.27%	0.05%	0.05%
IDXX	F	0.26%	0.02%	0.02%
INCY	C	0.27%	0.03%	0.03%
JNJ	D	0.61%	0.44%	0.44%
JPM	A	1.82%	1.74%	1.74%
KLAC	D	0.54%	0.05%	0.05%
KR	B	0.11%	0.87%	0.11%
L	A	0.07%	0.1%	0.07%
LDOS	C	0.32%	0.09%	0.09%
LHX	C	0.23%	0.12%	0.12%
LLY	F	0.76%	0.18%	0.18%
LMT	D	0.69%	0.37%	0.37%
LRCX	F	0.23%	0.08%	0.08%
MA	C	1.34%	0.15%	0.15%
MDLZ	F	0.07%	0.17%	0.07%
META	D	2.87%	0.91%	0.91%
MGM	D	0.22%	0.1%	0.1%
MMC	B	0.52%	0.13%	0.13%
MMM	D	0.22%	0.13%	0.13%
MRK	F	0.69%	0.29%	0.29%
MS	A	0.16%	0.76%	0.16%
MSCI	C	0.49%	0.02%	0.02%
MSFT	F	5.64%	1.34%	1.34%
MSI	B	0.26%	0.06%	0.06%
MU	D	0.47%	0.13%	0.13%
NEE	D	0.73%	0.12%	0.12%
NFLX	A	1.26%	0.24%	0.24%
NOC	D	0.56%	0.22%	0.22%
NOW	A	0.34%	0.07%	0.07%
NSC	B	0.26%	0.07%	0.07%
NUE	C	0.32%	0.18%	0.18%
NVDA	C	7.27%	0.65%	0.65%
ORCL	B	0.04%	0.34%	0.04%
PCAR	B	0.42%	0.23%	0.23%
PFE	D	0.56%	0.27%	0.27%
PG	A	0.87%	0.44%	0.44%
PGR	A	0.63%	0.38%	0.38%
PM	B	0.92%	0.2%	0.2%
PPG	F	0.34%	0.1%	0.1%
PSA	D	0.19%	0.02%	0.02%
PYPL	B	0.54%	0.21%	0.21%
QCOM	F	0.84%	0.2%	0.2%
QRVO	F	0.11%	0.01%	0.01%
ROST	C	0.1%	0.11%	0.1%
RSG	A	0.2%	0.09%	0.09%
RTX	C	0.44%	0.4%	0.4%
SCHW	B	0.56%	0.18%	0.18%
SOLV	C	0.12%	0.04%	0.04%
SPG	B	0.16%	0.03%	0.03%
SPGI	C	0.28%	0.07%	0.07%
T	A	0.67%	0.69%	0.67%
TJX	A	0.73%	0.31%	0.31%
TMO	F	0.26%	0.2%	0.2%
TMUS	B	0.29%	0.51%	0.29%
TROW	B	0.23%	0.04%	0.04%
TRV	B	0.49%	0.26%	0.26%
TSLA	B	1.26%	0.71%	0.71%
TT	A	0.69%	0.12%	0.12%
TXT	D	0.51%	0.07%	0.07%
UBER	D	0.14%	0.22%	0.14%
UNH	C	0.57%	2.1%	0.57%
UNP	C	0.73%	0.13%	0.13%
V	A	0.47%	0.21%	0.21%
VST	B	0.11%	0.13%	0.11%
VZ	C	0.18%	0.68%	0.18%
WFC	A	0.15%	0.93%	0.15%
WM	A	0.38%	0.12%	0.12%
WMT	A	0.8%	3.83%	0.8%
XEL	A	0.21%	0.08%	0.08%
XOM	B	1.54%	2.04%	1.54%
ZBRA	B	0.47%	0.03%	0.03%

FHEQ Overweight 41 Positions Relative to RWL

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 RWL

Symbol	Grade	Weight
MCK	B	-2.03%
COR	B	-1.58%
GM	B	-1.22%
PSX	C	-0.86%
GS	A	-0.82%
VLO	C	-0.8%
MPC	D	-0.79%
WBA	F	-0.77%
ELV	F	-0.7%
CNC	D	-0.68%
TGT	F	-0.6%
DELL	C	-0.59%
UAL	A	-0.56%
HUM	C	-0.54%
UPS	C	-0.51%
LOW	D	-0.49%
FDX	B	-0.49%
DAL	C	-0.48%
PEP	F	-0.47%
ADM	D	-0.42%
SYY	B	-0.42%
MET	A	-0.41%
INTC	D	-0.39%
COF	B	-0.38%
ACN	C	-0.37%
BA	F	-0.36%
PRU	A	-0.36%
CHTR	C	-0.35%
COP	C	-0.34%
HCA	F	-0.33%
IBM	C	-0.33%
HPQ	B	-0.32%
DE	A	-0.31%
TSN	B	-0.3%
CB	C	-0.29%
BG	F	-0.28%
NKE	D	-0.27%
USB	A	-0.26%
GEV	B	-0.25%
WBD	C	-0.25%
GD	F	-0.24%
AIG	B	-0.24%
CMI	A	-0.23%
HON	B	-0.23%
BBY	D	-0.22%
ABT	B	-0.22%
KO	D	-0.22%
SLB	C	-0.21%
DOW	F	-0.21%
PNC	B	-0.21%
HPE	B	-0.2%
DG	F	-0.2%
LYB	F	-0.2%
SBUX	A	-0.2%
CBRE	B	-0.2%
JBL	B	-0.2%
BKR	B	-0.19%
MOH	F	-0.18%
NRG	B	-0.18%
LEN	D	-0.18%
CCL	B	-0.18%
LUV	C	-0.17%
MDT	D	-0.17%
LYV	A	-0.17%
DHI	D	-0.17%
PARA	C	-0.17%
JCI	C	-0.17%
LIN	D	-0.17%
DUK	C	-0.16%
TFC	A	-0.16%
BKNG	A	-0.16%
KKR	A	-0.16%
DLTR	F	-0.16%
MAR	B	-0.16%
DFS	B	-0.16%
PWR	A	-0.15%
OXY	D	-0.15%
SYF	B	-0.15%
FCX	D	-0.14%
HAL	C	-0.14%
SO	D	-0.14%
CEG	D	-0.14%
HIG	B	-0.14%
KMX	B	-0.14%
MCD	D	-0.14%
PCG	A	-0.14%
CARR	D	-0.13%
KHC	F	-0.13%
PH	A	-0.13%
SHW	A	-0.13%
FI	A	-0.13%
TRGP	B	-0.12%
AMD	F	-0.12%
MO	A	-0.12%
RCL	A	-0.12%
EMR	A	-0.12%
EXC	C	-0.12%
AMP	A	-0.12%
DHR	F	-0.12%
IP	B	-0.12%
SW	A	-0.12%
STT	A	-0.12%
SYK	C	-0.12%
STLD	B	-0.12%
OKE	A	-0.12%
KMI	A	-0.11%
CHRW	C	-0.11%
AFL	B	-0.11%
RJF	A	-0.11%
GWW	B	-0.11%
CTSH	B	-0.11%
GPC	D	-0.11%
INTU	C	-0.1%
NTRS	A	-0.1%
GIS	D	-0.1%
ORLY	B	-0.1%
AEP	D	-0.1%
EXPE	B	-0.1%
AZO	C	-0.1%
KMB	D	-0.1%
KVUE	A	-0.09%
PHM	D	-0.09%
APTV	D	-0.09%
OMC	C	-0.09%
BSX	B	-0.09%
EIX	B	-0.09%
VTRS	A	-0.09%
J	F	-0.09%
TXN	C	-0.09%
MTB	A	-0.09%
PFG	D	-0.09%
BLDR	D	-0.09%
CTVA	C	-0.09%
ITW	B	-0.09%
CDW	F	-0.09%
URI	B	-0.09%
GLW	B	-0.08%
LVS	C	-0.08%
HBAN	A	-0.08%
ETR	B	-0.08%
HES	B	-0.08%
TSCO	D	-0.08%
SRE	A	-0.08%
CFG	B	-0.08%
FITB	A	-0.08%
OTIS	C	-0.08%
APH	A	-0.08%
BWA	D	-0.08%
EG	C	-0.08%
AON	A	-0.08%
WAB	B	-0.07%
EL	F	-0.07%
BAX	D	-0.07%
ABNB	C	-0.07%
DRI	B	-0.07%
BALL	D	-0.07%
FE	C	-0.07%
MOS	F	-0.07%
DD	D	-0.07%
LULU	C	-0.07%
NCLH	B	-0.07%
AMCR	D	-0.07%
BX	A	-0.07%
WDC	D	-0.07%
WMB	A	-0.07%
KEY	B	-0.07%
NXPI	D	-0.07%
IQV	D	-0.07%
AIZ	A	-0.07%
UHS	D	-0.07%
WRB	A	-0.07%
SWK	D	-0.07%
KDP	D	-0.07%
ACGL	D	-0.07%
LH	C	-0.07%
APD	A	-0.07%
JBHT	C	-0.07%
ED	D	-0.07%
K	A	-0.07%
TAP	C	-0.07%
D	C	-0.07%
LKQ	D	-0.07%
ICE	C	-0.06%
PEG	A	-0.06%
ES	D	-0.06%
VRTX	F	-0.06%
CAG	D	-0.06%
IPG	D	-0.06%
GPN	B	-0.06%
FIS	C	-0.06%
WTW	B	-0.06%
AJG	B	-0.06%
RF	A	-0.06%
NEM	D	-0.06%
HRL	D	-0.06%
CZR	F	-0.06%
ULTA	F	-0.06%
DTE	C	-0.06%
HSIC	B	-0.06%
DVA	B	-0.06%
ISRG	A	-0.05%
FOXA	B	-0.05%
CPB	D	-0.05%
FOX	A	-0.05%
PPL	B	-0.05%
WYNN	D	-0.05%
APA	D	-0.05%
EQIX	A	-0.05%
WEC	A	-0.05%
ALB	C	-0.05%
FAST	B	-0.05%
HII	D	-0.05%
PKG	A	-0.05%
EMN	D	-0.05%
BEN	C	-0.05%
VMC	B	-0.05%
TPR	B	-0.05%
PANW	C	-0.05%
ADI	D	-0.05%
EXPD	D	-0.05%
CNP	B	-0.05%
REGN	F	-0.05%
DOV	A	-0.05%
AES	F	-0.05%
NVR	D	-0.05%
DGX	A	-0.05%
ROK	B	-0.05%
STZ	D	-0.05%
MHK	D	-0.05%
IFF	D	-0.05%
FANG	D	-0.05%
HSY	F	-0.05%
EBAY	D	-0.05%
IVZ	B	-0.04%
NTAP	C	-0.04%
IT	C	-0.04%
TTWO	A	-0.04%
SNA	A	-0.04%
MCO	B	-0.04%
ADSK	A	-0.04%
ROP	B	-0.04%
PLD	D	-0.04%
ODFL	B	-0.04%
BR	A	-0.04%
SNPS	B	-0.04%
NDAQ	A	-0.04%
CMS	C	-0.04%
TDG	D	-0.04%
WY	D	-0.04%
MRO	B	-0.04%
YUM	B	-0.04%
ON	D	-0.04%
WELL	A	-0.04%
MLM	B	-0.04%
AEE	A	-0.04%
ZBH	C	-0.04%
MAS	D	-0.04%
SJM	D	-0.04%
AVY	D	-0.04%
XYL	D	-0.04%
RL	B	-0.04%
IR	B	-0.04%
LW	C	-0.04%
ZTS	D	-0.04%
MNST	C	-0.04%
EA	A	-0.04%
VTR	C	-0.03%
CPAY	A	-0.03%
EFX	F	-0.03%
TRMB	B	-0.03%
CDNS	B	-0.03%
CRWD	B	-0.03%
VLTO	D	-0.03%
PNR	A	-0.03%
BRO	B	-0.03%
CPRT	A	-0.03%
STE	F	-0.03%
PNW	B	-0.03%
DECK	A	-0.03%
DPZ	C	-0.03%
JNPR	F	-0.03%
KEYS	A	-0.03%
GNRC	B	-0.03%
GDDY	A	-0.03%
POOL	C	-0.03%
HST	C	-0.03%
NI	A	-0.03%
MCHP	D	-0.03%
EPAM	C	-0.03%
NWSA	B	-0.03%
IRM	D	-0.03%
PAYX	C	-0.03%
CCI	D	-0.03%
EW	C	-0.03%
EVRG	A	-0.03%
NWS	B	-0.03%
SMCI	F	-0.03%
EQT	B	-0.03%
MKC	D	-0.03%
HUBB	B	-0.03%
CTRA	B	-0.03%
DLR	B	-0.03%
A	D	-0.03%
TDY	B	-0.03%
CHD	B	-0.03%
STX	D	-0.03%
FTV	C	-0.03%
CE	F	-0.03%
CF	B	-0.03%
ERIE	D	-0.02%
AVB	B	-0.02%
EXR	D	-0.02%
VRSK	A	-0.02%
MRNA	F	-0.02%
AXON	A	-0.02%
MTCH	D	-0.02%
FSLR	F	-0.02%
WST	C	-0.02%
FFIV	B	-0.02%
ROL	B	-0.02%
WAT	B	-0.02%
BXP	D	-0.02%
MTD	D	-0.02%
VICI	C	-0.02%
AKAM	D	-0.02%
FMC	D	-0.02%
ALGN	D	-0.02%
SWKS	F	-0.02%
AOS	F	-0.02%
CBOE	B	-0.02%
IEX	B	-0.02%
HOLX	D	-0.02%
AWK	D	-0.02%
LNT	A	-0.02%
CRL	C	-0.02%
PLTR	B	-0.02%
HAS	D	-0.02%
DXCM	D	-0.02%
O	D	-0.02%
ATO	A	-0.02%
CTLT	B	-0.02%
RMD	C	-0.02%
FRT	B	-0.01%
TECH	D	-0.01%
MPWR	F	-0.01%
REG	B	-0.01%
CPT	B	-0.01%
VRSN	F	-0.01%
UDR	B	-0.01%
ESS	B	-0.01%
KIM	A	-0.01%
FICO	B	-0.01%
TYL	B	-0.01%
MAA	B	-0.01%
PODD	C	-0.01%
DAY	B	-0.01%
JKHY	D	-0.01%
TER	D	-0.01%
PAYC	B	-0.01%
TFX	F	-0.01%
INVH	D	-0.01%
SBAC	D	-0.01%
FDS	B	-0.01%
PTC	A	-0.01%
CSGP	D	-0.01%
ANSS	B	-0.01%
RVTY	F	-0.01%
ARE	D	-0.01%
NDSN	B	-0.01%
EQR	B	-0.01%
MKTX	D	-0.0%
ENPH	F	-0.0%