FLRG vs. QLV ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

$34.03

Average Daily Volume

44,216

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.10

Average Daily Volume

3,350

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	QLV
30 Days	4.38%	2.06%
60 Days	10.76%	8.22%
90 Days	6.73%	5.34%
12 Months	34.29%	30.89%

32 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in QLV	Overlap
AAPL	C	6.58%	5.16%	5.16%
ABBV	C	1.36%	1.1%	1.1%
ADP	A	1.05%	0.85%	0.85%
AMGN	D	1.0%	0.79%	0.79%
AVGO	B	1.51%	0.42%	0.42%
AZO	D	0.96%	0.58%	0.58%
CME	A	0.88%	0.9%	0.88%
CTRA	D	0.81%	0.49%	0.49%
DOX	B	0.23%	0.78%	0.23%
EA	D	0.3%	0.2%	0.2%
GILD	A	0.8%	1.01%	0.8%
GOOGL	B	3.83%	0.82%	0.82%
IBM	A	0.57%	1.9%	0.57%
JNJ	D	1.43%	1.8%	1.43%
LLY	D	2.02%	2.8%	2.02%
LMT	A	1.24%	1.15%	1.15%
MCD	A	1.09%	2.02%	1.09%
MCK	F	0.95%	0.27%	0.27%
META	A	2.39%	1.26%	1.26%
MSFT	D	6.2%	8.0%	6.2%
NFG	A	1.19%	0.36%	0.36%
NVDA	B	5.59%	4.72%	4.72%
PG	D	1.47%	3.31%	1.47%
PM	D	1.17%	0.2%	0.2%
PSA	C	0.9%	0.9%	0.9%
QLYS	F	0.17%	0.76%	0.17%
REGN	D	0.93%	0.63%	0.63%
T	B	0.5%	1.43%	0.5%
V	B	1.56%	2.0%	1.56%
VRSK	D	0.92%	0.37%	0.37%
VZ	C	0.54%	1.74%	0.54%
ZM	B	0.23%	0.59%	0.23%

FLRG Overweight 68 Positions Relative to QLV

Symbol	Grade	Weight
VST	A	1.63%
MA	A	1.51%
HD	A	1.44%
AFL	A	1.09%
ALSN	A	1.08%
MLI	B	1.07%
FCNCA	D	1.04%
UTHR	C	0.98%
ACGL	A	0.98%
OHI	C	0.97%
MO	D	0.96%
VRTX	D	0.96%
MTH	C	0.95%
ORLY	A	0.95%
PHM	C	0.95%
VLO	F	0.95%
RGA	B	0.94%
LEN	C	0.94%
LNG	A	0.94%
TMHC	C	0.93%
BKNG	B	0.93%
NVR	C	0.93%
MTG	A	0.93%
CL	D	0.93%
SYF	A	0.92%
RDN	D	0.91%
PAYX	B	0.9%
CBOE	B	0.84%
ESNT	A	0.84%
KMB	D	0.82%
CHRD	F	0.82%
PCAR	D	0.82%
VICI	C	0.81%
SNA	C	0.78%
EG	A	0.76%
STLD	C	0.75%
BCC	C	0.74%
CNC	F	0.73%
CF	A	0.7%
BLDR	C	0.7%
MOH	F	0.66%
ADBE	F	0.66%
NUE	D	0.64%
RPRX	D	0.64%
ACN	B	0.6%
BRBR	A	0.58%
CSCO	A	0.58%
INTU	F	0.57%
AMAT	C	0.55%
NOW	B	0.55%
CMCSA	B	0.49%
KLAC	B	0.45%
ANET	A	0.43%
LRCX	D	0.4%
FICO	C	0.37%
SNPS	F	0.36%
CDNS	D	0.33%
DELL	C	0.32%
CTSH	B	0.29%
FOXA	B	0.27%
SWKS	F	0.26%
FTNT	A	0.26%
VRSN	C	0.25%
MANH	A	0.25%
NYT	C	0.24%
DLB	D	0.21%
AKAM	D	0.2%
DBX	C	0.17%

FLRG Underweight 82 Positions Relative to QLV

Symbol	Grade	Weight
MRK	F	-2.65%
AMZN	C	-2.28%
PEP	F	-1.58%
XOM	A	-1.08%
TMUS	A	-0.98%
ABT	C	-0.91%
DUK	C	-0.91%
TXN	C	-0.89%
ED	C	-0.84%
GIS	C	-0.83%
WEC	B	-0.82%
WTW	C	-0.81%
RGLD	C	-0.81%
ATR	A	-0.81%
CHE	D	-0.8%
CHKP	A	-0.8%
AIZ	B	-0.78%
TYL	D	-0.77%
K	B	-0.77%
LSTR	F	-0.74%
WDFC	B	-0.74%
CB	A	-0.73%
QGEN	F	-0.72%
STNG	B	-0.72%
SMMT	D	-0.72%
AVY	D	-0.71%
SO	A	-0.7%
GD	C	-0.63%
WM	B	-0.63%
NOC	B	-0.63%
EQIX	C	-0.61%
TRV	B	-0.61%
DLR	C	-0.6%
ALL	A	-0.6%
CTVA	A	-0.59%
BRK.A	B	-0.58%
XEL	C	-0.58%
GOOG	B	-0.57%
RSG	D	-0.56%
PKG	B	-0.56%
AEP	C	-0.56%
WCN	D	-0.56%
AEE	A	-0.55%
CMS	A	-0.55%
JKHY	A	-0.54%
CINF	A	-0.54%
SON	D	-0.53%
TTEK	A	-0.53%
DTM	A	-0.52%
TSCO	A	-0.52%
BAH	C	-0.52%
SIGI	D	-0.51%
WRB	C	-0.51%
ADC	C	-0.51%
PNW	C	-0.51%
HSY	D	-0.5%
FLO	D	-0.5%
SCI	D	-0.5%
MKL	B	-0.5%
CALM	A	-0.5%
HII	F	-0.49%
CHRW	C	-0.48%
HRL	F	-0.42%
NBIX	F	-0.41%
BMRN	F	-0.39%
CRUS	D	-0.32%
SLGN	B	-0.32%
DDS	D	-0.28%
BMI	A	-0.27%
SQSP	A	-0.24%
LIN	C	-0.2%
JPM	C	-0.19%
ALKS	B	-0.18%
ADI	B	-0.17%
CAG	D	-0.16%
ROP	D	-0.13%
NCNO	F	-0.1%
L	C	-0.1%
CWAN	B	-0.08%
UNH	B	-0.07%
MMC	D	-0.05%
EXPD	D	-0.03%