FHEQ vs. UDIV ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Franklin U.S. Core Dividend Tilt Index ETF (UDIV)

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

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$46.42

Average Daily Volume

4,741

Number of Holdings ^*

277

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	UDIV
30 Days	2.51%	2.89%
60 Days	3.80%	4.78%
90 Days	4.54%	6.71%
12 Months		35.02%

83 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in UDIV	Overlap
AAPL	C	7.31%	6.17%	6.17%
ABBV	D	1.0%	0.97%	0.97%
ADBE	C	0.93%	0.35%	0.35%
ADP	B	0.16%	0.13%	0.13%
ALL	A	0.07%	0.1%	0.07%
AMAT	F	0.7%	0.38%	0.38%
AMGN	D	0.24%	0.62%	0.24%
AMT	D	0.24%	0.35%	0.24%
AMZN	C	3.64%	3.48%	3.48%
ANET	C	0.08%	0.28%	0.08%
AVGO	D	1.49%	1.72%	1.49%
BAC	A	1.17%	0.65%	0.65%
BK	A	0.36%	0.33%	0.33%
BLK	C	0.23%	0.87%	0.23%
BMY	B	0.68%	0.69%	0.68%
C	A	0.54%	0.82%	0.54%
CAH	B	0.4%	0.02%	0.02%
CAT	B	0.48%	0.1%	0.1%
CINF	A	0.12%	0.14%	0.12%
CLX	B	0.2%	0.12%	0.12%
CMCSA	B	0.83%	0.36%	0.36%
CME	A	0.37%	0.46%	0.37%
CMG	B	0.49%	0.12%	0.12%
COST	B	0.45%	0.26%	0.26%
CRM	B	1.09%	0.51%	0.51%
CSCO	B	0.79%	0.86%	0.79%
CVS	D	0.22%	0.39%	0.22%
CVX	A	0.02%	1.12%	0.02%
DASH	A	0.12%	0.11%	0.11%
DIS	B	0.57%	0.13%	0.13%
DOC	D	0.08%	0.09%	0.08%
DVN	F	0.53%	0.16%	0.16%
EOG	A	0.43%	0.07%	0.07%
ETN	A	0.15%	0.41%	0.15%
F	C	0.15%	0.27%	0.15%
GEN	B	0.13%	0.07%	0.07%
GILD	C	0.73%	0.63%	0.63%
GOOG	C	1.74%	1.73%	1.73%
GOOGL	C	2.02%	1.92%	1.92%
GRMN	B	0.31%	0.18%	0.18%
HD	A	1.32%	1.06%	1.06%
JNJ	D	0.61%	1.16%	0.61%
JPM	A	1.82%	1.35%	1.35%
KLAC	D	0.54%	0.3%	0.3%
LLY	F	0.76%	1.21%	0.76%
LRCX	F	0.23%	0.34%	0.23%
MA	C	1.34%	0.23%	0.23%
META	D	2.87%	2.13%	2.13%
MMM	D	0.22%	0.36%	0.22%
MRK	F	0.69%	0.71%	0.69%
MS	A	0.16%	0.94%	0.16%
MSCI	C	0.49%	0.23%	0.23%
MSFT	F	5.64%	6.07%	5.64%
MU	D	0.47%	0.2%	0.2%
NEE	D	0.73%	0.11%	0.11%
NFLX	A	1.26%	0.64%	0.64%
NOW	A	0.34%	0.47%	0.34%
NSC	B	0.26%	0.07%	0.07%
NVDA	C	7.27%	6.83%	6.83%
ORCL	B	0.04%	0.5%	0.04%
PFE	D	0.56%	0.66%	0.56%
PG	A	0.87%	0.78%	0.78%
PM	B	0.92%	0.86%	0.86%
PSA	D	0.19%	0.29%	0.19%
QCOM	F	0.84%	0.74%	0.74%
RTX	C	0.44%	0.18%	0.18%
SCCO	F	0.04%	0.06%	0.04%
SPG	B	0.16%	0.33%	0.16%
SQ	B	0.59%	0.04%	0.04%
T	A	0.67%	0.79%	0.67%
TROW	B	0.23%	0.16%	0.16%
TSLA	B	1.26%	1.48%	1.26%
TT	A	0.69%	0.02%	0.02%
UBER	D	0.14%	0.28%	0.14%
UNH	C	0.57%	0.87%	0.57%
UNP	C	0.73%	0.3%	0.3%
V	A	0.47%	0.34%	0.34%
VZ	C	0.18%	0.77%	0.18%
WDAY	B	0.16%	0.06%	0.06%
WFC	A	0.15%	0.42%	0.15%
WMT	A	0.8%	0.03%	0.03%
XEL	A	0.21%	0.21%	0.21%
XOM	B	1.54%	1.35%	1.35%

FHEQ Overweight 85 Positions Relative to UDIV

Symbol	Grade	Weight
BRK.A	B	2.19%
TJX	A	0.73%
LMT	D	0.69%
CTAS	B	0.66%
CI	F	0.63%
PGR	A	0.63%
ECL	D	0.62%
BDX	F	0.59%
CL	D	0.58%
NOC	D	0.56%
SCHW	B	0.56%
SEIC	B	0.54%
PYPL	B	0.54%
ZM	B	0.52%
CVNA	B	0.52%
MMC	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
TRV	B	0.49%
ZBRA	B	0.47%
GE	D	0.45%
IGT	F	0.45%
ALLE	D	0.44%
CSX	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
ALRM	C	0.4%
WM	A	0.38%
TDC	D	0.35%
PPG	F	0.34%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
MEDP	D	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%
FTNT	C	0.24%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
BIIB	F	0.21%
RSG	A	0.2%
GL	B	0.2%
GAP	C	0.18%
DOCU	A	0.18%
HLT	A	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
PEGA	A	0.16%
TPH	D	0.15%
VEEV	C	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%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
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%
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 194 Positions Relative to UDIV

Symbol	Grade	Weight
TXN	C	-0.85%
IBM	C	-0.81%
BX	A	-0.76%
KO	D	-0.74%
UPS	C	-0.57%
PEP	F	-0.57%
MDT	D	-0.56%
MO	A	-0.56%
SO	D	-0.53%
ADI	D	-0.52%
PNC	B	-0.5%
DUK	C	-0.49%
ABT	B	-0.48%
INTU	C	-0.47%
USB	A	-0.47%
ACN	C	-0.45%
GS	A	-0.44%
AMD	F	-0.43%
ITW	B	-0.43%
PLD	D	-0.43%
WMB	A	-0.41%
INTC	D	-0.41%
APO	B	-0.4%
OKE	A	-0.38%
TFC	A	-0.38%
NXPI	D	-0.35%
KMI	A	-0.32%
DLR	B	-0.32%
PLTR	B	-0.31%
CRWD	B	-0.3%
CMI	A	-0.3%
SBUX	A	-0.3%
AEP	D	-0.29%
PRU	A	-0.28%
TGT	F	-0.28%
MELI	D	-0.28%
O	D	-0.28%
FAST	B	-0.27%
PANW	C	-0.27%
LOW	D	-0.27%
D	C	-0.27%
PAYX	C	-0.26%
KMB	D	-0.26%
COP	C	-0.25%
CCI	D	-0.24%
KVUE	A	-0.23%
HPQ	B	-0.23%
MCD	D	-0.23%
JCI	C	-0.23%
MTB	A	-0.22%
EMR	A	-0.22%
EXC	C	-0.22%
PSX	C	-0.22%
EQIX	A	-0.21%
FANG	D	-0.21%
GLW	B	-0.21%
EXR	D	-0.2%
ROK	B	-0.2%
GIS	D	-0.2%
MCHP	D	-0.2%
VICI	C	-0.19%
DOW	F	-0.19%
ED	D	-0.19%
EIX	B	-0.19%
FITB	A	-0.19%
VRT	B	-0.18%
STT	A	-0.18%
WEC	A	-0.18%
HON	B	-0.18%
BKR	B	-0.18%
APD	A	-0.18%
AVB	B	-0.18%
ETR	B	-0.18%
ARES	A	-0.18%
IRM	D	-0.17%
SYY	B	-0.17%
HBAN	A	-0.16%
PEG	A	-0.16%
KKR	A	-0.16%
KHC	F	-0.16%
SW	A	-0.16%
RF	A	-0.15%
LIN	D	-0.14%
ISRG	A	-0.14%
DFS	B	-0.14%
VTR	C	-0.14%
CDNS	B	-0.14%
EQR	B	-0.14%
DTE	C	-0.14%
PPL	B	-0.14%
NTAP	C	-0.14%
EBAY	D	-0.13%
IFF	D	-0.13%
LYB	F	-0.13%
NTRS	A	-0.13%
CFG	B	-0.13%
COIN	C	-0.13%
NKE	D	-0.13%
MPWR	F	-0.12%
INVH	D	-0.12%
DRI	B	-0.12%
CTRA	B	-0.12%
IP	B	-0.12%
WELL	A	-0.12%
PFG	D	-0.12%
FE	C	-0.12%
MRVL	B	-0.12%
K	A	-0.12%
PKG	A	-0.12%
ES	D	-0.12%
ESS	B	-0.11%
ZS	C	-0.11%
TSN	B	-0.11%
GPC	D	-0.11%
CMS	C	-0.11%
SNA	A	-0.11%
BBY	D	-0.11%
BR	A	-0.11%
LUV	C	-0.11%
STX	D	-0.11%
OMC	C	-0.11%
KEY	B	-0.11%
MET	A	-0.11%
WSO	A	-0.11%
SNPS	B	-0.11%
VTRS	A	-0.1%
ARE	D	-0.1%
KIM	A	-0.1%
HPE	B	-0.1%
DELL	C	-0.1%
MAA	B	-0.1%
SUI	D	-0.09%
AMCR	D	-0.09%
LNT	A	-0.09%
DDOG	A	-0.09%
FNF	B	-0.09%
EWBC	A	-0.09%
BAX	D	-0.09%
EL	F	-0.09%
NI	A	-0.09%
UDR	B	-0.08%
FDX	B	-0.08%
SWK	D	-0.08%
AXON	A	-0.08%
VLO	C	-0.08%
LVS	C	-0.08%
EVRG	A	-0.08%
SWKS	F	-0.08%
SJM	D	-0.07%
WPC	D	-0.07%
CG	A	-0.07%
JNPR	F	-0.07%
REG	B	-0.07%
EMN	D	-0.07%
BXP	D	-0.07%
CAG	D	-0.07%
HST	C	-0.07%
CPT	B	-0.07%
ELS	C	-0.07%
AES	F	-0.06%
APA	D	-0.06%
SLB	C	-0.06%
HUBS	A	-0.06%
IPG	D	-0.06%
SNOW	C	-0.06%
CNH	C	-0.06%
TTD	B	-0.06%
NET	B	-0.06%
GD	F	-0.06%
LKQ	D	-0.06%
HUBB	B	-0.06%
MDB	C	-0.05%
CPB	D	-0.05%
HRL	D	-0.05%
APH	A	-0.05%
TAP	C	-0.05%
BEN	C	-0.04%
TSCO	D	-0.04%
WBA	F	-0.04%
RPRX	D	-0.04%
ENTG	D	-0.04%
CRBG	B	-0.04%
AEE	A	-0.03%
SMCI	F	-0.03%
DG	F	-0.03%
AGR	B	-0.02%
SYK	C	-0.02%
OKTA	C	-0.02%
DT	C	-0.02%
FIS	C	-0.02%
TER	D	-0.02%
SIRI	C	-0.01%
BSY	D	-0.01%
NEM	D	-0.01%