FLQL vs. FFLG ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Fidelity Fundamental Large Cap Growth ETF (FFLG)

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund invests in both US and non-US companies. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$25.03

Average Daily Volume

30,102

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	FFLG
30 Days	2.44%	2.46%
60 Days	3.55%	5.66%
90 Days	4.50%	6.27%
12 Months	31.26%	40.11%

25 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in FFLG	Overlap
AAPL	C	7.0%	12.07%	7.0%
AMZN	C	2.92%	7.12%	2.92%
AVGO	D	1.77%	0.3%	0.3%
BSX	B	0.84%	1.72%	0.84%
CMG	B	0.57%	0.49%	0.49%
DKS	C	0.1%	0.23%	0.1%
DPZ	C	0.11%	0.33%	0.11%
EME	C	0.12%	0.46%	0.12%
FIX	A	0.12%	0.37%	0.12%
GOOG	C	1.73%	2.82%	1.73%
GOOGL	C	2.04%	2.48%	2.04%
HWM	A	0.25%	0.5%	0.25%
LLY	F	1.31%	1.46%	1.31%
MA	C	1.79%	1.95%	1.79%
META	D	2.48%	5.34%	2.48%
MPWR	F	0.09%	0.85%	0.09%
MSFT	F	5.96%	9.14%	5.96%
NVDA	C	6.71%	12.31%	6.71%
PM	B	0.71%	0.24%	0.24%
REGN	F	0.59%	0.59%	0.59%
TJX	A	0.95%	0.63%	0.63%
TMUS	B	0.59%	0.88%	0.59%
UNH	C	0.52%	0.62%	0.52%
WMT	A	1.68%	0.49%	0.49%
XOM	B	0.63%	0.53%	0.53%

FLQL Overweight 185 Positions Relative to FFLG

Symbol	Grade	Weight
COST	B	1.7%
JNJ	D	1.55%
ABBV	D	1.33%
IBM	C	1.31%
ISRG	A	1.3%
CAT	B	1.27%
VZ	C	1.24%
TXN	C	1.24%
JPM	A	1.23%
QCOM	F	1.22%
MRK	F	1.21%
BKNG	A	1.19%
TSLA	B	1.13%
BRK.A	B	1.11%
T	A	1.07%
AMGN	D	1.05%
C	A	0.97%
AMAT	F	0.96%
SYK	C	0.94%
VRTX	F	0.92%
ORCL	B	0.88%
MO	A	0.85%
ANET	C	0.77%
WM	A	0.67%
KLAC	D	0.67%
LRCX	F	0.66%
TT	A	0.65%
GS	A	0.6%
APH	A	0.6%
MSI	B	0.58%
CI	F	0.56%
CB	C	0.56%
MCO	B	0.56%
PH	A	0.52%
CL	D	0.52%
RTX	C	0.5%
HCA	F	0.49%
SPG	B	0.46%
CTAS	B	0.46%
PCAR	B	0.44%
APP	B	0.42%
LMT	D	0.4%
GD	F	0.39%
GWW	B	0.38%
PSA	D	0.38%
URI	B	0.38%
DHI	D	0.36%
GM	B	0.35%
HLT	A	0.33%
FAST	B	0.33%
ADI	D	0.32%
RSG	A	0.31%
LEN	D	0.3%
HPQ	B	0.29%
SO	D	0.29%
ELV	F	0.28%
ACGL	D	0.26%
CMI	A	0.26%
GRMN	B	0.25%
CTSH	B	0.24%
MCHP	D	0.23%
AFL	B	0.23%
SPOT	B	0.22%
PHM	D	0.22%
PEG	A	0.22%
DECK	A	0.22%
SYF	B	0.21%
HPE	B	0.21%
NTAP	C	0.21%
DAL	C	0.2%
FANG	D	0.2%
DELL	C	0.19%
HIG	B	0.19%
GLW	B	0.19%
NVR	D	0.19%
IRM	D	0.18%
LDOS	C	0.17%
FICO	B	0.17%
EBAY	D	0.17%
WAB	B	0.17%
RCL	A	0.17%
LYB	F	0.16%
TPL	A	0.16%
ETR	B	0.16%
STLD	B	0.16%
PKG	A	0.15%
LII	A	0.15%
CSL	C	0.15%
TSCO	D	0.15%
O	D	0.15%
WSM	B	0.15%
KMB	D	0.14%
WSO	A	0.13%
OC	A	0.13%
TOL	B	0.13%
RMD	C	0.13%
CFG	B	0.13%
IP	B	0.13%
TNL	A	0.12%
NRG	B	0.12%
AWI	A	0.12%
RL	B	0.12%
JEF	A	0.12%
MAS	D	0.12%
AYI	B	0.12%
EVR	B	0.12%
UTHR	C	0.12%
ALSN	B	0.12%
DTM	B	0.12%
AXS	A	0.11%
LNC	B	0.11%
BJ	A	0.11%
MUSA	A	0.11%
FOXA	B	0.11%
EXR	D	0.11%
PPC	C	0.11%
FOX	A	0.11%
CW	B	0.11%
R	B	0.11%
LOPE	B	0.11%
CASY	A	0.11%
RGA	A	0.11%
G	B	0.11%
CF	B	0.11%
ESS	B	0.11%
TXRH	C	0.11%
JHG	A	0.11%
THC	D	0.11%
BBY	D	0.11%
UGI	A	0.1%
OHI	C	0.1%
ROL	B	0.1%
SCCO	F	0.1%
K	A	0.1%
EMN	D	0.1%
DGX	A	0.1%
CLH	B	0.1%
LAMR	D	0.1%
UHS	D	0.1%
AVB	B	0.1%
NFG	A	0.1%
DVA	B	0.1%
ADC	B	0.1%
VICI	C	0.1%
KRC	C	0.1%
INGR	B	0.1%
KEX	C	0.1%
RGLD	C	0.1%
EHC	B	0.1%
CHRW	C	0.1%
CUZ	B	0.1%
AMCR	D	0.09%
WU	D	0.09%
JNPR	F	0.09%
NNN	D	0.09%
EPR	D	0.09%
PK	B	0.09%
SNX	C	0.09%
CACI	D	0.09%
NEU	C	0.09%
GAP	C	0.09%
GPK	C	0.09%
CHE	D	0.09%
LEN	D	0.09%
HRB	D	0.09%
GLPI	C	0.09%
AVT	C	0.09%
OMC	C	0.09%
SWKS	F	0.09%
MTG	C	0.09%
M	D	0.09%
SSNC	B	0.09%
HIW	D	0.09%
APA	D	0.08%
CRI	D	0.08%
WING	D	0.08%
COKE	C	0.08%
CIVI	D	0.08%
MEDP	D	0.08%
DVN	F	0.08%
TER	D	0.08%
CROX	D	0.07%
OGN	D	0.07%
CRUS	D	0.07%
MDU	D	0.07%

FLQL Underweight 66 Positions Relative to FFLG

Symbol	Grade	Weight
UBER	D	-2.21%
NFLX	A	-2.02%
TSM	B	-1.96%
LOW	D	-1.57%
NXPI	D	-1.37%
ASML	F	-1.3%
GE	D	-0.9%
CDNS	B	-0.86%
LULU	C	-0.8%
ON	D	-0.76%
HUBS	A	-0.76%
CRM	B	-0.75%
MU	D	-0.73%
ALNY	D	-0.71%
MRVL	B	-0.7%
FLEX	A	-0.69%
DHR	F	-0.68%
MDB	C	-0.63%
BLD	D	-0.58%
CVNA	B	-0.57%
TMO	F	-0.57%
BLDR	D	-0.57%
SHOP	B	-0.55%
KDP	D	-0.55%
ICE	C	-0.54%
ABNB	C	-0.52%
MNST	C	-0.52%
IR	B	-0.51%
RH	B	-0.48%
COIN	C	-0.45%
GEV	B	-0.44%
SNAP	C	-0.44%
PODD	C	-0.42%
NTNX	A	-0.42%
CSGP	D	-0.39%
ROKU	D	-0.38%
BRKR	D	-0.36%
FSLR	F	-0.33%
HQY	B	-0.33%
FLYW	C	-0.32%
VMC	B	-0.32%
SQ	B	-0.31%
EXAS	D	-0.3%
NVO	D	-0.28%
ARGX	A	-0.27%
HOOD	B	-0.26%
PCVX	D	-0.24%
TEVA	D	-0.24%
ITCI	C	-0.22%
TMDX	F	-0.21%
ATI	D	-0.19%
RRC	B	-0.19%
AZN	D	-0.18%
LYFT	C	-0.18%
IONS	F	-0.16%
NUVL	D	-0.16%
RIVN	F	-0.14%
MRNA	F	-0.13%
SE	B	-0.13%
RDDT	B	-0.12%
HOLX	D	-0.12%
ROIV	C	-0.1%
IDYA	F	-0.09%
LEGN	F	-0.07%
TGT	F	-0.07%
W	F	-0.03%