FHEQ vs. VUSB ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Vanguard Ultra-Short Bond ETF (VUSB)

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

$27.56

Average Daily Volume

23,672

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

VUSB

Vanguard Ultra-Short Bond ETF

VUSB Description

Vanguard Bond Index Funds - Vanguard Ultra-Short Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc. The fund invests in the fixed income markets. It primarily invests in high-quality securities that are rated A3 or better and medium-quality securities that are rated Baa1, Baa2, or Baa3 by Moody's Investors Service, Inc. The fund seeks to invest in securities with maturity of 0-2 years. The fund employs fundamental analysis with bottom-up and top-down security picking approach to create its portfolio. Vanguard Bond Index Funds - Vanguard Ultra-Short Bond ETF was formed on April 5, 2021 is domiciled in the United States.

Grade (RS Rating)

Last Trade

$49.68

Average Daily Volume

687,411

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	VUSB
30 Days	0.33%	0.22%
60 Days	3.96%	0.47%
90 Days	4.83%	1.28%
12 Months		6.25%

52 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in VUSB	Overlap
AAPL	C	7.05%	0.12%	0.12%
ABBV	F	1.0%	0.05%	0.05%
ALL	A	0.07%	0.27%	0.07%
AMGN	D	0.26%	0.12%	0.12%
AMT	D	0.21%	0.01%	0.01%
AMZN	B	3.61%	0.06%	0.06%
AVGO	C	1.73%	0.01%	0.01%
AXP	A	0.42%	0.05%	0.05%
BAC	A	1.13%	0.01%	0.01%
BIIB	F	0.22%	0.03%	0.03%
BK	A	0.35%	0.03%	0.03%
BMY	B	0.77%	0.03%	0.03%
C	A	0.53%	0.01%	0.01%
CAT	B	0.48%	0.01%	0.01%
CI	D	0.65%	0.04%	0.04%
CMCSA	B	0.83%	0.6%	0.6%
CME	A	0.36%	0.04%	0.04%
CTAS	B	0.67%	0.01%	0.01%
CVS	F	0.21%	0.01%	0.01%
CVX	A	0.02%	0.01%	0.01%
DIS	A	0.42%	0.05%	0.05%
EOG	A	0.27%	0.23%	0.23%
GE	D	0.45%	0.02%	0.02%
GILD	B	0.77%	0.36%	0.36%
HD	A	1.27%	0.01%	0.01%
IFF	D	0.05%	0.05%	0.05%
JPM	A	1.75%	0.01%	0.01%
KR	B	0.11%	0.08%	0.08%
LLY	F	0.84%	0.05%	0.05%
MDLZ	F	0.07%	0.07%	0.07%
MMC	C	0.52%	0.08%	0.08%
MRK	F	0.66%	0.02%	0.02%
MS	A	0.16%	0.08%	0.08%
MSFT	D	5.62%	0.03%	0.03%
NEE	C	0.69%	0.01%	0.01%
NSC	B	0.26%	0.02%	0.02%
NUE	D	0.33%	0.29%	0.29%
NVDA	B	7.54%	0.71%	0.71%
ORCL	A	0.04%	0.03%	0.03%
PCAR	B	0.43%	0.01%	0.01%
PG	C	0.82%	0.09%	0.09%
PM	A	0.85%	0.03%	0.03%
PSA	C	0.18%	0.25%	0.18%
PYPL	A	0.54%	0.2%	0.2%
SCHW	A	0.53%	0.01%	0.01%
SPG	A	0.15%	0.3%	0.15%
T	A	0.63%	0.01%	0.01%
UNH	B	0.58%	0.01%	0.01%
UNP	D	0.73%	0.14%	0.14%
VZ	C	0.2%	0.01%	0.01%
WM	B	0.38%	0.24%	0.24%
XOM	B	1.51%	0.01%	0.01%

FHEQ Overweight 117 Positions Relative to VUSB

Symbol	Grade	Weight
META	C	2.96%
BRK.A	A	2.12%
GOOGL	B	2.05%
GOOG	B	1.98%
MA	A	1.33%
CRM	A	1.23%
NFLX	A	1.21%
TSLA	B	1.15%
ADBE	F	0.96%
QCOM	F	0.82%
CSCO	B	0.8%
WMT	A	0.79%
AMAT	F	0.75%
LMT	D	0.73%
TJX	A	0.72%
TT	A	0.68%
PGR	B	0.64%
ECL	D	0.61%
SQ	A	0.6%
BDX	F	0.59%
JNJ	D	0.59%
NOC	D	0.59%
CSX	B	0.58%
PFE	F	0.58%
KLAC	F	0.57%
ZM	B	0.57%
CL	D	0.55%
CMG	B	0.55%
SEIC	A	0.54%
DBX	C	0.53%
MU	D	0.53%
TRV	A	0.52%
DVN	F	0.51%
CVNA	A	0.51%
EXEL	B	0.5%
TXT	D	0.49%
IGT	F	0.49%
MSCI	A	0.49%
ZBRA	B	0.48%
V	A	0.46%
RTX	D	0.45%
COST	B	0.45%
CAH	B	0.42%
SPGI	C	0.41%
ALLE	D	0.4%
LDOS	C	0.39%
CACI	C	0.37%
MEDP	D	0.35%
TDC	F	0.34%
NOW	B	0.34%
ANF	C	0.33%
PPG	F	0.32%
WTW	B	0.31%
GRMN	B	0.31%
SKYW	A	0.3%
TMO	D	0.28%
INCY	B	0.28%
HWM	A	0.27%
ALRM	C	0.26%
LRCX	F	0.24%
MSI	A	0.24%
MMM	D	0.22%
TROW	A	0.22%
LHX	B	0.21%
GL	B	0.2%
DOCU	A	0.2%
XEL	A	0.2%
CLX	A	0.19%
GAP	C	0.18%
IDXX	F	0.18%
HLT	A	0.18%
LNW	D	0.18%
PEGA	B	0.17%
GEHC	D	0.17%
FTI	A	0.17%
ADP	B	0.16%
WDAY	B	0.16%
TPH	D	0.15%
MGM	D	0.15%
ETN	A	0.15%
UBER	C	0.14%
F	C	0.14%
FTNT	A	0.14%
SOLV	C	0.13%
VEEV	C	0.13%
GEN	B	0.13%
BAH	D	0.12%
DASH	B	0.12%
CINF	A	0.12%
QRVO	F	0.11%
NBIX	D	0.11%
ROST	D	0.1%
AME	A	0.1%
VST	A	0.1%
PLTK	A	0.1%
UHS	D	0.08%
ANET	C	0.08%
DOC	D	0.08%
LYFT	B	0.07%
BCC	B	0.07%
L	A	0.07%
TMUS	A	0.07%
BBWI	C	0.07%
UTHR	B	0.06%
CRUS	F	0.06%
CNC	F	0.06%
CCL	A	0.05%
STLD	B	0.05%
RSG	B	0.04%
SCCO	F	0.04%
ED	D	0.04%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	A	0.01%

FHEQ Underweight 149 Positions Relative to VUSB

Symbol	Grade	Weight
RL	B	-0.99%
BHF	A	-0.7%
COF	A	-0.61%
COP	C	-0.52%
GIS	D	-0.47%
SYY	D	-0.43%
EMN	C	-0.42%
HRL	D	-0.28%
ZBH	C	-0.28%
CNH	D	-0.24%
MLM	B	-0.23%
MCK	A	-0.23%
STZ	D	-0.23%
AMP	A	-0.2%
EBAY	D	-0.19%
HII	F	-0.19%
CHTR	B	-0.18%
MPC	D	-0.18%
GPN	B	-0.18%
MKC	D	-0.17%
RPRX	F	-0.17%
AIG	B	-0.17%
EQH	B	-0.17%
SWKS	F	-0.15%
ROK	A	-0.14%
OKE	A	-0.14%
PEP	F	-0.13%
ESGR	B	-0.13%
EQR	C	-0.13%
KIM	A	-0.13%
SLB	C	-0.12%
BDN	D	-0.11%
LEN	D	-0.11%
PFG	C	-0.11%
PSX	C	-0.11%
CB	C	-0.11%
HUM	F	-0.11%
SRE	A	-0.11%
SLG	B	-0.1%
SBUX	A	-0.1%
TDY	B	-0.1%
CM	B	-0.1%
BHP	F	-0.09%
CHD	A	-0.09%
LNC	A	-0.09%
DB	C	-0.09%
NWG	A	-0.09%
CCEP	D	-0.08%
IBM	D	-0.08%
CAG	F	-0.07%
MCO	C	-0.07%
IVZ	B	-0.07%
AON	A	-0.07%
AMTD	F	-0.06%
AEP	C	-0.06%
EPD	A	-0.06%
DTE	C	-0.06%
ILMN	C	-0.06%
PAA	A	-0.06%
TXN	C	-0.06%
ALLY	C	-0.06%
AL	A	-0.06%
R	A	-0.06%
MUFG	A	-0.06%
UBS	B	-0.06%
KEY	A	-0.05%
NDAQ	A	-0.05%
TD	D	-0.05%
KSA	D	-0.05%
ETR	A	-0.05%
ICE	D	-0.05%
PRU	A	-0.05%
VTRS	A	-0.05%
ZTS	D	-0.04%
DELL	C	-0.04%
CSL	B	-0.04%
CCI	D	-0.04%
SHW	B	-0.04%
OPI	F	-0.04%
OHI	C	-0.04%
ES	C	-0.04%
SEB	F	-0.04%
SO	C	-0.04%
BKH	A	-0.03%
AEE	A	-0.03%
DD	D	-0.03%
FNF	C	-0.03%
KRC	C	-0.03%
KMB	C	-0.03%
TEL	C	-0.03%
SYF	A	-0.03%
ARCC	A	-0.03%
USB	B	-0.03%
UPS	C	-0.03%
INTC	C	-0.03%
DFS	A	-0.03%
GM	A	-0.03%
CFG	A	-0.02%
KMPR	A	-0.02%
PNC	A	-0.02%
O	D	-0.02%
TAP	A	-0.02%
WRB	A	-0.02%
VOD	D	-0.02%
HOG	D	-0.02%
HON	A	-0.02%
KMI	A	-0.02%
DUK	C	-0.02%
BXP	D	-0.02%
BNS	A	-0.02%
BMO	A	-0.02%
LYB	F	-0.01%
FANG	D	-0.01%
GSK	F	-0.01%
FIS	B	-0.01%
DT	C	-0.01%
MKL	A	-0.01%
LOW	A	-0.01%
JXN	B	-0.01%
HPE	B	-0.01%
TSN	A	-0.01%
BEN	C	-0.01%
ATO	A	-0.01%
ARW	D	-0.01%
STT	A	-0.01%
MAR	A	-0.01%
KDP	D	-0.01%
WMB	A	-0.01%
CPB	D	-0.01%
EXC	C	-0.01%
LIN	D	-0.01%
DE	D	-0.01%
AZO	C	-0.01%
BA	F	-0.01%
EIX	C	-0.01%
TFC	A	-0.01%
NEM	F	-0.01%
AZN	F	-0.01%
ET	A	-0.01%
AER	B	-0.01%
PL	B	-0.01%
CNP	A	-0.01%
MET	A	-0.01%
AVB	A	-0.01%
WFC	A	-0.01%
D	C	-0.01%
LUV	A	-0.01%
GS	A	-0.01%
HSBC	A	-0.01%