FHEQ vs. SPMO ETF Comparison

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

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

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.58

Average Daily Volume

717,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	SPMO
30 Days	2.51%	2.84%
60 Days	3.80%	5.10%
90 Days	4.54%	6.74%
12 Months		54.82%

37 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in SPMO	Overlap
ALL	A	0.07%	0.46%	0.07%
AMGN	D	0.24%	1.04%	0.24%
AMZN	C	3.64%	9.74%	3.64%
ANET	C	0.08%	0.92%	0.08%
AVGO	D	1.49%	5.46%	1.49%
AXP	A	0.43%	1.39%	0.43%
BK	A	0.36%	0.54%	0.36%
BRK.A	B	2.19%	6.07%	2.19%
C	A	0.54%	0.89%	0.54%
CL	D	0.58%	0.62%	0.58%
CMG	B	0.49%	0.47%	0.47%
COST	B	0.45%	3.79%	0.45%
CTAS	B	0.66%	0.72%	0.66%
ECL	D	0.62%	0.33%	0.33%
ETN	A	0.15%	0.96%	0.15%
GE	D	0.45%	2.09%	0.45%
GRMN	B	0.31%	0.29%	0.29%
HLT	A	0.18%	0.43%	0.18%
HWM	A	0.27%	0.44%	0.27%
JPM	A	1.82%	5.38%	1.82%
KLAC	D	0.54%	0.53%	0.53%
L	A	0.07%	0.11%	0.07%
LDOS	C	0.32%	0.21%	0.21%
LLY	F	0.76%	5.19%	0.76%
META	D	2.87%	6.24%	2.87%
MSI	B	0.26%	0.67%	0.26%
NVDA	C	7.27%	10.2%	7.27%
PGR	A	0.63%	1.61%	0.63%
RSG	A	0.2%	0.33%	0.2%
RTX	C	0.44%	1.01%	0.44%
T	A	0.67%	1.15%	0.67%
TJX	A	0.73%	0.99%	0.73%
TMUS	B	0.29%	0.99%	0.29%
TT	A	0.69%	0.85%	0.69%
VST	B	0.11%	0.59%	0.11%
WM	A	0.38%	0.44%	0.38%
WMT	A	0.8%	2.39%	0.8%

FHEQ Overweight 131 Positions Relative to SPMO

Symbol	Grade	Weight
AAPL	C	7.31%
MSFT	F	5.64%
GOOGL	C	2.02%
GOOG	C	1.74%
XOM	B	1.54%
MA	C	1.34%
HD	A	1.32%
TSLA	B	1.26%
NFLX	A	1.26%
BAC	A	1.17%
CRM	B	1.09%
ABBV	D	1.0%
ADBE	C	0.93%
PM	B	0.92%
PG	A	0.87%
QCOM	F	0.84%
CMCSA	B	0.83%
CSCO	B	0.79%
NEE	D	0.73%
UNP	C	0.73%
GILD	C	0.73%
AMAT	F	0.7%
MRK	F	0.69%
LMT	D	0.69%
BMY	B	0.68%
CI	F	0.63%
JNJ	D	0.61%
SQ	B	0.59%
BDX	F	0.59%
UNH	C	0.57%
DIS	B	0.57%
NOC	D	0.56%
SCHW	B	0.56%
PFE	D	0.56%
SEIC	B	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%
IGT	F	0.45%
ALLE	D	0.44%
EOG	A	0.43%
CSX	B	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
CME	A	0.37%
TDC	D	0.35%
PPG	F	0.34%
NOW	A	0.34%
ANF	C	0.33%
NUE	C	0.32%
MEDP	D	0.31%
CACI	D	0.3%
SKYW	B	0.29%
SPGI	C	0.28%
INCY	C	0.27%
TMO	F	0.26%
IDXX	F	0.26%
NSC	B	0.26%
FTNT	C	0.24%
AMT	D	0.24%
BLK	C	0.23%
TROW	B	0.23%
LRCX	F	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%
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%
WFC	A	0.15%
UBER	D	0.14%
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%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
DOC	D	0.08%
BCC	B	0.07%
MDLZ	F	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 61 Positions Relative to SPMO

Symbol	Grade	Weight
GS	A	-1.47%
IBM	C	-1.27%
KKR	A	-1.23%
BSX	B	-0.98%
CB	C	-0.84%
MCK	B	-0.81%
FI	A	-0.78%
VRTX	F	-0.77%
REGN	F	-0.72%
ICE	C	-0.65%
APH	A	-0.65%
CEG	D	-0.58%
WELL	A	-0.57%
FICO	B	-0.57%
TDG	D	-0.56%
GD	F	-0.55%
PH	A	-0.52%
TRGP	B	-0.47%
WMB	A	-0.45%
AJG	B	-0.44%
AFL	B	-0.38%
HIG	B	-0.38%
OKE	A	-0.38%
IRM	D	-0.37%
URI	B	-0.36%
IR	B	-0.34%
PRU	A	-0.33%
AIG	B	-0.33%
GWW	B	-0.32%
KMI	A	-0.32%
GDDY	A	-0.31%
AXON	A	-0.3%
PSX	C	-0.3%
RCL	A	-0.28%
MPC	D	-0.27%
PEG	A	-0.27%
COR	B	-0.26%
IT	C	-0.24%
NRG	B	-0.23%
FANG	D	-0.22%
WAB	B	-0.22%
VLTO	D	-0.21%
BRO	B	-0.21%
NDAQ	A	-0.21%
FITB	A	-0.2%
WTW	B	-0.2%
NTAP	C	-0.19%
MLM	B	-0.19%
PHM	D	-0.18%
SYF	B	-0.17%
DECK	A	-0.17%
TYL	B	-0.16%
NVR	D	-0.15%
STX	D	-0.15%
BR	A	-0.15%
PKG	A	-0.14%
CBOE	B	-0.13%
WRB	A	-0.12%
UHS	D	-0.09%
NWSA	B	-0.07%
NWS	B	-0.02%