FLRG vs. BBRE ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE)

FLRG

Fidelity U.S. Multifactor ETF

FLRG Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index?. The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index?. The Fidelity U.S. Multifactor Index? is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$35.25

Average Daily Volume

51,530

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$99.89

Average Daily Volume

36,485

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	BBRE
30 Days	2.65%	0.29%
60 Days	5.30%	-0.53%
90 Days	5.81%	2.37%
12 Months	31.91%	28.63%

3 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in BBRE	Overlap
OHI	C	0.87%	0.85%	0.85%
PSA	C	1.04%	4.26%	1.04%
VICI	C	0.88%	2.63%	0.88%

FLRG Overweight 98 Positions Relative to BBRE

Symbol	Grade	Weight
MSFT	D	6.44%
NVDA	B	6.08%
GOOGL	C	3.46%
META	D	2.47%
LLY	F	1.98%
AVGO	D	1.93%
VST	A	1.76%
V	A	1.66%
MA	B	1.64%
HD	B	1.62%
PG	C	1.43%
JNJ	C	1.35%
ABBV	F	1.29%
MCD	D	1.28%
PGR	A	1.25%
LMT	D	1.2%
ADP	A	1.17%
BKNG	A	1.15%
NFG	A	1.12%
PAYX	B	1.04%
PCAR	B	1.03%
ALSN	B	1.02%
ACGL	C	1.02%
PM	B	1.01%
MLI	B	1.0%
VRSK	A	1.0%
BCC	B	0.97%
SNA	A	0.97%
HIG	B	0.95%
NVR	D	0.94%
CF	A	0.91%
LEN	D	0.91%
ORLY	B	0.91%
PHM	D	0.91%
AMGN	F	0.91%
IBM	C	0.9%
DTM	A	0.9%
EG	C	0.9%
JXN	C	0.89%
CRBG	B	0.88%
SYF	B	0.88%
MTG	C	0.87%
AZO	C	0.87%
HRB	D	0.87%
ESNT	F	0.87%
WSM	C	0.86%
CI	D	0.83%
RGA	A	0.83%
CTRA	B	0.83%
NUE	C	0.82%
MO	A	0.82%
CL	D	0.82%
STLD	B	0.81%
RDN	D	0.81%
VLO	C	0.81%
QCOM	F	0.81%
REGN	F	0.8%
VRTX	D	0.79%
AMAT	F	0.77%
BRBR	A	0.77%
KMB	C	0.75%
UTHR	C	0.7%
NFLX	A	0.69%
ANET	C	0.68%
CNC	D	0.67%
CRWD	B	0.67%
CHRD	D	0.67%
KLAC	F	0.65%
MOH	F	0.65%
MSI	B	0.64%
FICO	B	0.63%
RPRX	D	0.63%
LRCX	F	0.63%
APH	A	0.61%
CDNS	B	0.6%
MCK	A	0.6%
ZM	C	0.56%
NXPI	D	0.55%
DELL	B	0.54%
GDDY	A	0.53%
CTSH	B	0.52%
GEN	B	0.51%
DBX	B	0.5%
AKAM	D	0.5%
ACIW	B	0.5%
NTAP	C	0.49%
CRUS	D	0.47%
VZ	C	0.47%
DOX	D	0.47%
CVLT	B	0.47%
DLB	B	0.45%
SWKS	F	0.43%
QLYS	B	0.42%
T	A	0.41%
CMCSA	B	0.41%
TMUS	B	0.31%
EA	A	0.17%
FOXA	A	0.14%

FLRG Underweight 111 Positions Relative to BBRE

Symbol	Grade	Weight
PLD	F	-8.82%
EQIX	A	-7.26%
WELL	A	-6.14%
SPG	A	-4.71%
DLR	B	-4.55%
O	C	-3.78%
EXR	C	-2.99%
IRM	C	-2.92%
AVB	B	-2.82%
VTR	B	-2.26%
EQR	C	-2.25%
INVH	D	-1.79%
ESS	B	-1.71%
MAA	B	-1.62%
ARE	F	-1.48%
KIM	A	-1.46%
SUI	C	-1.35%
DOC	C	-1.33%
UDR	B	-1.27%
HST	C	-1.13%
ELS	C	-1.12%
GLPI	C	-1.11%
REG	A	-1.08%
CPT	B	-1.07%
BXP	C	-1.04%
AMH	C	-1.04%
WPC	C	-1.01%
CUBE	C	-0.94%
BRX	A	-0.76%
FRT	B	-0.73%
REXR	F	-0.67%
EGP	D	-0.67%
NNN	C	-0.67%
FR	D	-0.62%
VNO	C	-0.62%
ADC	A	-0.6%
STAG	D	-0.58%
COLD	D	-0.54%
RHP	B	-0.53%
KRG	B	-0.53%
SLG	B	-0.45%
EPRT	B	-0.42%
CUZ	B	-0.42%
PECO	A	-0.41%
IRT	A	-0.41%
TRNO	F	-0.41%
SBRA	C	-0.4%
MAC	B	-0.37%
KRC	B	-0.37%
SKT	A	-0.34%
NSA	C	-0.33%
CDP	C	-0.32%
APLE	B	-0.31%
NHI	D	-0.31%
PK	C	-0.3%
EPR	C	-0.3%
HIW	C	-0.3%
DEI	B	-0.29%
BNL	D	-0.27%
CTRE	C	-0.27%
IIPR	D	-0.26%
UE	B	-0.25%
MPW	F	-0.23%
LXP	D	-0.23%
IVT	A	-0.21%
FCPT	C	-0.21%
AKR	B	-0.21%
EQC	B	-0.2%
SHO	D	-0.2%
ROIC	A	-0.19%
DRH	B	-0.17%
XHR	B	-0.16%
PEB	D	-0.15%
ELME	D	-0.14%
JBGS	F	-0.14%
LTC	B	-0.14%
RLJ	C	-0.14%
VRE	B	-0.13%
ALEX	B	-0.13%
AAT	B	-0.13%
GNL	F	-0.13%
ESRT	C	-0.13%
GTY	A	-0.12%
AIV	C	-0.12%
PDM	D	-0.11%
UMH	B	-0.1%
NXRT	B	-0.1%
CSR	B	-0.1%
DEA	D	-0.1%
PLYM	F	-0.08%
NTST	C	-0.08%
AHH	D	-0.08%
BDN	C	-0.08%
PGRE	F	-0.08%
INN	D	-0.07%
GOOD	B	-0.07%
WSR	A	-0.07%
BFS	C	-0.06%
FPI	B	-0.06%
OLP	B	-0.05%
ALX	D	-0.05%
GMRE	F	-0.05%
HPP	F	-0.05%
UHT	D	-0.05%
CBL	B	-0.04%
LAND	F	-0.04%
CLDT	B	-0.04%
CHCT	C	-0.04%
SVC	F	-0.04%
DHC	F	-0.03%
PKST	F	-0.03%