FHEQ vs. SPLG ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to SPDR Portfolio Large Cap ETF (SPLG)

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

SPLG

SPDR Portfolio Large Cap ETF

SPLG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Large Cap Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the large-capitalization segment of the U.S. equity market. The fund may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$70.05

Average Daily Volume

5,836,829

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	SPLG
30 Days	2.51%	3.05%
60 Days	3.80%	4.55%
90 Days	4.54%	6.32%
12 Months		32.76%

127 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in SPLG	Overlap
AAPL	C	7.31%	6.94%	6.94%
ABBV	D	1.0%	0.59%	0.59%
ADBE	C	0.93%	0.44%	0.44%
ADP	B	0.16%	0.24%	0.16%
ALL	A	0.07%	0.11%	0.07%
ALLE	D	0.44%	0.02%	0.02%
AMAT	F	0.7%	0.28%	0.28%
AME	A	0.22%	0.09%	0.09%
AMGN	D	0.24%	0.3%	0.24%
AMT	D	0.24%	0.19%	0.19%
AMZN	C	3.64%	3.77%	3.64%
ANET	C	0.08%	0.19%	0.08%
AVGO	D	1.49%	1.54%	1.49%
AXP	A	0.43%	0.32%	0.32%
BAC	A	1.17%	0.63%	0.63%
BDX	F	0.59%	0.13%	0.13%
BIIB	F	0.21%	0.05%	0.05%
BK	A	0.36%	0.12%	0.12%
BLK	C	0.23%	0.29%	0.23%
BMY	B	0.68%	0.23%	0.23%
BRK.A	B	2.19%	1.73%	1.73%
C	A	0.54%	0.26%	0.26%
CAH	B	0.4%	0.06%	0.06%
CAT	B	0.48%	0.37%	0.37%
CI	F	0.63%	0.18%	0.18%
CINF	A	0.12%	0.05%	0.05%
CL	D	0.58%	0.15%	0.15%
CLX	B	0.2%	0.04%	0.04%
CMCSA	B	0.83%	0.33%	0.33%
CME	A	0.37%	0.16%	0.16%
CMG	B	0.49%	0.16%	0.16%
COST	B	0.45%	0.82%	0.45%
CRM	B	1.09%	0.63%	0.63%
CSCO	B	0.79%	0.46%	0.46%
CSX	B	0.43%	0.14%	0.14%
CTAS	B	0.66%	0.15%	0.15%
CVS	D	0.22%	0.14%	0.14%
CVX	A	0.02%	0.55%	0.02%
DIS	B	0.57%	0.41%	0.41%
DOC	D	0.08%	0.03%	0.03%
DVN	F	0.53%	0.05%	0.05%
ECL	D	0.62%	0.12%	0.12%
EOG	A	0.43%	0.16%	0.16%
ETN	A	0.15%	0.29%	0.15%
F	C	0.15%	0.09%	0.09%
FTNT	C	0.24%	0.12%	0.12%
GE	D	0.45%	0.39%	0.39%
GEHC	F	0.17%	0.08%	0.08%
GEN	B	0.13%	0.03%	0.03%
GILD	C	0.73%	0.22%	0.22%
GL	B	0.2%	0.02%	0.02%
GOOG	C	1.74%	1.7%	1.7%
GOOGL	C	2.02%	2.06%	2.02%
GRMN	B	0.31%	0.06%	0.06%
HD	A	1.32%	0.81%	0.81%
HLT	A	0.18%	0.12%	0.12%
HWM	A	0.27%	0.09%	0.09%
IDXX	F	0.26%	0.07%	0.07%
INCY	C	0.27%	0.02%	0.02%
JNJ	D	0.61%	0.75%	0.61%
JPM	A	1.82%	1.4%	1.4%
KLAC	D	0.54%	0.17%	0.17%
KR	B	0.11%	0.08%	0.08%
L	A	0.07%	0.03%	0.03%
LDOS	C	0.32%	0.04%	0.04%
LHX	C	0.23%	0.09%	0.09%
LLY	F	0.76%	1.15%	0.76%
LMT	D	0.69%	0.23%	0.23%
LRCX	F	0.23%	0.18%	0.18%
MA	C	1.34%	0.86%	0.86%
MDLZ	F	0.07%	0.17%	0.07%
META	D	2.87%	2.42%	2.42%
MGM	D	0.22%	0.02%	0.02%
MMC	B	0.52%	0.22%	0.22%
MMM	D	0.22%	0.14%	0.14%
MRK	F	0.69%	0.49%	0.49%
MS	A	0.16%	0.33%	0.16%
MSCI	C	0.49%	0.09%	0.09%
MSFT	F	5.64%	6.19%	5.64%
MSI	B	0.26%	0.16%	0.16%
MU	D	0.47%	0.22%	0.22%
NEE	D	0.73%	0.31%	0.31%
NFLX	A	1.26%	0.73%	0.73%
NOC	D	0.56%	0.13%	0.13%
NOW	A	0.34%	0.41%	0.34%
NSC	B	0.26%	0.12%	0.12%
NUE	C	0.32%	0.07%	0.07%
NVDA	C	7.27%	6.9%	6.9%
ORCL	B	0.04%	0.59%	0.04%
PCAR	B	0.42%	0.12%	0.12%
PFE	D	0.56%	0.28%	0.28%
PG	A	0.87%	0.8%	0.8%
PGR	A	0.63%	0.3%	0.3%
PM	B	0.92%	0.41%	0.41%
PPG	F	0.34%	0.06%	0.06%
PSA	D	0.19%	0.11%	0.11%
PYPL	B	0.54%	0.17%	0.17%
QCOM	F	0.84%	0.37%	0.37%
QRVO	F	0.11%	0.01%	0.01%
ROST	C	0.1%	0.09%	0.09%
RSG	A	0.2%	0.09%	0.09%
RTX	C	0.44%	0.32%	0.32%
SCHW	B	0.56%	0.24%	0.24%
SOLV	C	0.12%	0.02%	0.02%
SPG	B	0.16%	0.11%	0.11%
SPGI	C	0.28%	0.32%	0.28%
T	A	0.67%	0.33%	0.33%
TJX	A	0.73%	0.27%	0.27%
TMO	F	0.26%	0.38%	0.26%
TMUS	B	0.29%	0.23%	0.23%
TROW	B	0.23%	0.05%	0.05%
TRV	B	0.49%	0.12%	0.12%
TSLA	B	1.26%	1.88%	1.26%
TT	A	0.69%	0.19%	0.19%
TXT	D	0.51%	0.03%	0.03%
UBER	D	0.14%	0.29%	0.14%
UNH	C	0.57%	1.09%	0.57%
UNP	C	0.73%	0.29%	0.29%
V	A	0.47%	1.04%	0.47%
VST	B	0.11%	0.1%	0.1%
VZ	C	0.18%	0.36%	0.18%
WFC	A	0.15%	0.5%	0.15%
WM	A	0.38%	0.16%	0.16%
WMT	A	0.8%	0.73%	0.73%
XEL	A	0.21%	0.08%	0.08%
XOM	B	1.54%	1.07%	1.07%
ZBRA	B	0.47%	0.04%	0.04%

FHEQ Overweight 41 Positions Relative to SPLG

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 SPLG

Symbol	Grade	Weight
KO	D	-0.48%
AMD	F	-0.45%
PEP	F	-0.44%
ACN	C	-0.44%
LIN	D	-0.43%
MCD	D	-0.42%
ABT	B	-0.41%
ISRG	A	-0.38%
TXN	C	-0.38%
INTU	C	-0.38%
IBM	C	-0.38%
GS	A	-0.37%
BKNG	A	-0.34%
LOW	D	-0.31%
DHR	F	-0.3%
HON	B	-0.3%
BSX	B	-0.27%
SYK	C	-0.27%
BX	A	-0.26%
COP	C	-0.26%
FI	A	-0.25%
PLTR	B	-0.25%
PANW	C	-0.25%
VRTX	F	-0.24%
SBUX	A	-0.23%
CB	C	-0.22%
MDT	D	-0.22%
KKR	A	-0.21%
DE	A	-0.21%
ADI	D	-0.21%
BA	F	-0.21%
INTC	D	-0.21%
PLD	D	-0.21%
UPS	C	-0.2%
ELV	F	-0.19%
MO	A	-0.19%
SO	D	-0.19%
DUK	C	-0.18%
PH	A	-0.18%
GEV	B	-0.18%
NKE	D	-0.18%
ICE	C	-0.18%
AON	A	-0.17%
APH	A	-0.17%
EQIX	A	-0.17%
SHW	A	-0.17%
USB	A	-0.16%
CRWD	B	-0.16%
WELL	A	-0.16%
MCK	B	-0.16%
ZTS	D	-0.16%
SNPS	B	-0.16%
CDNS	B	-0.16%
REGN	F	-0.16%
PNC	B	-0.16%
APD	A	-0.15%
ITW	B	-0.15%
GD	F	-0.15%
MCO	B	-0.15%
EMR	A	-0.15%
COF	B	-0.14%
TDG	D	-0.14%
ORLY	B	-0.14%
WMB	A	-0.14%
CEG	D	-0.14%
TGT	F	-0.14%
FCX	D	-0.13%
TFC	A	-0.13%
GM	B	-0.13%
AJG	B	-0.13%
ADSK	A	-0.13%
MAR	B	-0.13%
OKE	A	-0.13%
FDX	B	-0.13%
ABNB	C	-0.12%
SRE	A	-0.12%
ROP	B	-0.12%
SLB	C	-0.12%
CARR	D	-0.12%
HCA	F	-0.12%
MPC	D	-0.11%
KMI	A	-0.11%
AZO	C	-0.11%
RCL	A	-0.11%
PSX	C	-0.11%
AMP	A	-0.11%
FICO	B	-0.11%
URI	B	-0.11%
JCI	C	-0.11%
NXPI	D	-0.11%
DLR	B	-0.11%
AFL	B	-0.11%
FIS	C	-0.1%
PWR	A	-0.1%
D	C	-0.1%
NEM	D	-0.1%
MET	A	-0.1%
AIG	B	-0.1%
O	D	-0.1%
CPRT	A	-0.1%
CMI	A	-0.1%
AEP	D	-0.1%
GWW	B	-0.1%
BKR	B	-0.09%
AXON	A	-0.09%
DFS	B	-0.09%
TRGP	B	-0.09%
PEG	A	-0.09%
PCG	A	-0.09%
CCI	D	-0.09%
KVUE	A	-0.09%
PAYX	C	-0.09%
PRU	A	-0.09%
KMB	D	-0.09%
VLO	C	-0.09%
FAST	B	-0.09%
DHI	D	-0.09%
CHTR	C	-0.08%
MNST	C	-0.08%
YUM	B	-0.08%
CTSH	B	-0.08%
DELL	C	-0.08%
EXC	C	-0.08%
CTVA	C	-0.08%
EA	A	-0.08%
VRSK	A	-0.08%
CBRE	B	-0.08%
IT	C	-0.08%
ODFL	B	-0.08%
OTIS	C	-0.08%
DAL	C	-0.08%
HES	B	-0.08%
LEN	D	-0.08%
IR	B	-0.08%
EW	C	-0.08%
COR	B	-0.08%
EIX	B	-0.07%
AVB	B	-0.07%
HUM	C	-0.07%
NDAQ	A	-0.07%
IQV	D	-0.07%
ED	D	-0.07%
VICI	C	-0.07%
IRM	D	-0.07%
FANG	D	-0.07%
DD	D	-0.07%
WAB	B	-0.07%
OXY	D	-0.07%
HIG	B	-0.07%
MCHP	D	-0.07%
EXR	D	-0.07%
GIS	D	-0.07%
RMD	C	-0.07%
KDP	D	-0.07%
MLM	B	-0.07%
LULU	C	-0.07%
GLW	B	-0.07%
MTB	A	-0.07%
ACGL	D	-0.07%
HPQ	B	-0.07%
VMC	B	-0.07%
A	D	-0.07%
SYY	B	-0.07%
STZ	D	-0.07%
DOV	A	-0.06%
HPE	B	-0.06%
ON	D	-0.06%
MPWR	F	-0.06%
STT	A	-0.06%
ANSS	B	-0.06%
GPN	B	-0.06%
TTWO	A	-0.06%
UAL	A	-0.06%
XYL	D	-0.06%
TSCO	D	-0.06%
CSGP	D	-0.06%
EBAY	D	-0.06%
RJF	A	-0.06%
EFX	F	-0.06%
DXCM	D	-0.06%
CNC	D	-0.06%
DOW	F	-0.06%
WEC	A	-0.06%
FITB	A	-0.06%
WTW	B	-0.06%
ETR	B	-0.06%
ROK	B	-0.06%
WY	D	-0.05%
EXPE	B	-0.05%
PTC	A	-0.05%
ATO	A	-0.05%
ZBH	C	-0.05%
CDW	F	-0.05%
SBAC	D	-0.05%
HUBB	B	-0.05%
RF	A	-0.05%
NTAP	C	-0.05%
AEE	A	-0.05%
CCL	B	-0.05%
DTE	C	-0.05%
MTD	D	-0.05%
PPL	B	-0.05%
HSY	F	-0.05%
ADM	D	-0.05%
SYF	B	-0.05%
VLTO	D	-0.05%
CPAY	A	-0.05%
EQR	B	-0.05%
TYL	B	-0.05%
HBAN	A	-0.05%
BRO	B	-0.05%
FTV	C	-0.05%
GDDY	A	-0.05%
SW	A	-0.05%
EQT	B	-0.05%
VTR	C	-0.05%
KEYS	A	-0.05%
BR	A	-0.05%
PHM	D	-0.05%
AWK	D	-0.05%
HAL	C	-0.05%
DECK	A	-0.05%
CHD	B	-0.05%
NVR	D	-0.05%
KHC	F	-0.05%
BBY	D	-0.04%
J	F	-0.04%
KEY	B	-0.04%
DGX	A	-0.04%
WRB	A	-0.04%
HOLX	D	-0.04%
PODD	C	-0.04%
PFG	D	-0.04%
TSN	B	-0.04%
BALL	D	-0.04%
MAA	B	-0.04%
FDS	B	-0.04%
MKC	D	-0.04%
SNA	A	-0.04%
NRG	B	-0.04%
OMC	C	-0.04%
CTRA	B	-0.04%
LUV	C	-0.04%
ESS	B	-0.04%
DRI	B	-0.04%
INVH	D	-0.04%
IP	B	-0.04%
LH	C	-0.04%
STLD	B	-0.04%
CNP	B	-0.04%
STX	D	-0.04%
CMS	C	-0.04%
BLDR	D	-0.04%
LYV	A	-0.04%
CFG	B	-0.04%
FSLR	F	-0.04%
WAT	B	-0.04%
WDC	D	-0.04%
WBD	C	-0.04%
PKG	A	-0.04%
FE	C	-0.04%
STE	F	-0.04%
CBOE	B	-0.04%
LYB	F	-0.04%
K	A	-0.04%
TDY	B	-0.04%
NTRS	A	-0.04%
IFF	D	-0.04%
ES	D	-0.04%
WST	C	-0.04%
JKHY	D	-0.03%
CAG	D	-0.03%
CPT	B	-0.03%
CHRW	C	-0.03%
BG	F	-0.03%
TPR	B	-0.03%
AKAM	D	-0.03%
EPAM	C	-0.03%
MRNA	F	-0.03%
UDR	B	-0.03%
SWKS	F	-0.03%
SWK	D	-0.03%
DLTR	F	-0.03%
RVTY	F	-0.03%
NDSN	B	-0.03%
POOL	C	-0.03%
APTV	D	-0.03%
FFIV	B	-0.03%
ROL	B	-0.03%
JBL	B	-0.03%
AMCR	D	-0.03%
EVRG	A	-0.03%
JBHT	C	-0.03%
EL	F	-0.03%
VRSN	F	-0.03%
VTRS	A	-0.03%
DPZ	C	-0.03%
CF	B	-0.03%
LNT	A	-0.03%
AVY	D	-0.03%
EG	C	-0.03%
ALGN	D	-0.03%
MRO	B	-0.03%
ARE	D	-0.03%
NI	A	-0.03%
MAS	D	-0.03%
BAX	D	-0.03%
ULTA	F	-0.03%
DG	F	-0.03%
KIM	A	-0.03%
TER	D	-0.03%
EXPD	D	-0.03%
TRMB	B	-0.03%
MOH	F	-0.03%
IEX	B	-0.03%
GPC	D	-0.03%
LVS	C	-0.03%
PNR	A	-0.03%
HII	D	-0.02%
BWA	D	-0.02%
MTCH	D	-0.02%
IVZ	B	-0.02%
CZR	F	-0.02%
CE	F	-0.02%
HAS	D	-0.02%
MOS	F	-0.02%
APA	D	-0.02%
RL	B	-0.02%
WYNN	D	-0.02%
ENPH	F	-0.02%
FRT	B	-0.02%
HRL	D	-0.02%
CPB	D	-0.02%
AOS	F	-0.02%
TFX	F	-0.02%
HSIC	B	-0.02%
CRL	C	-0.02%
AES	F	-0.02%
LKQ	D	-0.02%
FOXA	B	-0.02%
MKTX	D	-0.02%
IPG	D	-0.02%
ERIE	D	-0.02%
PNW	B	-0.02%
TECH	D	-0.02%
CTLT	B	-0.02%
PAYC	B	-0.02%
NWSA	B	-0.02%
TAP	C	-0.02%
SMCI	F	-0.02%
GNRC	B	-0.02%
LW	C	-0.02%
BXP	D	-0.02%
NCLH	B	-0.02%
AIZ	A	-0.02%
JNPR	F	-0.02%
UHS	D	-0.02%
SJM	D	-0.02%
DAY	B	-0.02%
KMX	B	-0.02%
REG	B	-0.02%
EMN	D	-0.02%
ALB	C	-0.02%
HST	C	-0.02%
NWS	B	-0.01%
FOX	A	-0.01%
WBA	F	-0.01%
PARA	C	-0.01%
BEN	C	-0.01%
FMC	D	-0.01%
DVA	B	-0.01%
MHK	D	-0.01%