FLRG vs. REW ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to ProShares UltraShort Technology (REW)

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

$33.59

Average Daily Volume

19,267

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

REW

ProShares UltraShort Technology

REW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.37

Average Daily Volume

41,447

Number of Holdings ^*

88

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	REW
30 Days	2.15%	-0.29%
60 Days	4.81%	-5.59%
90 Days	6.21%	0.54%
12 Months	29.18%	-45.82%

25 Overlapping Holdings

	Symbol	Grade	Weight in FLRG	Weight in REW	Overlap
	AAPL	C	6.58%	18.06%	6.58%
	ADBE	F	0.66%	2.51%	0.66%
	AKAM	D	0.2%	0.23%	0.2%
	AMAT	D	0.55%	0.86%	0.55%
	ANET	B	0.43%	0.18%	0.18%
	AVGO	C	1.51%	1.82%	1.51%
	CDNS	D	0.33%	0.31%	0.31%
	CSCO	C	0.58%	3.09%	0.58%
	CTSH	C	0.29%	0.51%	0.29%
	DELL	D	0.32%	0.12%	0.12%
	DOX	C	0.23%	0.15%	0.15%
	FICO	B	0.37%	0.17%	0.17%
	FTNT	C	0.26%	0.25%	0.25%
	GOOGL	D	3.83%	5.25%	3.83%
	IBM	B	0.57%	1.82%	0.57%
	INTU	C	0.57%	1.09%	0.57%
	KLAC	D	0.45%	0.42%	0.42%
	LRCX	F	0.4%	0.66%	0.4%
	META	B	2.39%	4.46%	2.39%
	MSFT	C	6.2%	17.29%	6.2%
	NOW	B	0.55%	0.87%	0.55%
	NVDA	D	5.59%	2.26%	2.26%
	SNPS	D	0.36%	0.34%	0.34%
	SWKS	D	0.26%	0.31%	0.26%
	VRSN	D	0.25%	0.33%	0.25%

FLRG Overweight 75 Positions Relative to REW

	Symbol	Grade	Weight
	LLY	C	2.02%
	VST	C	1.63%
	V	C	1.56%
	MA	B	1.51%
	PG	C	1.47%
	HD	B	1.44%
	JNJ	C	1.43%
	ABBV	C	1.36%
	LMT	C	1.24%
	NFG	B	1.19%
	PM	C	1.17%
	MCD	B	1.09%
	AFL	C	1.09%
	ALSN	B	1.08%
	MLI	A	1.07%
	ADP	B	1.05%
	FCNCA	D	1.04%
	AMGN	B	1.0%
	UTHR	C	0.98%
	ACGL	C	0.98%
	OHI	B	0.97%
	AZO	D	0.96%
	MO	C	0.96%
	VRTX	D	0.96%
	MTH	A	0.95%
	ORLY	C	0.95%
	MCK	F	0.95%
	PHM	B	0.95%
	VLO	F	0.95%
	RGA	C	0.94%
	LEN	B	0.94%
	LNG	C	0.94%
	TMHC	A	0.93%
	BKNG	C	0.93%
	NVR	B	0.93%
	MTG	B	0.93%
	CL	D	0.93%
	REGN	C	0.93%
	SYF	C	0.92%
	VRSK	D	0.92%
	RDN	C	0.91%
	PSA	B	0.9%
	PAYX	C	0.9%
	CME	C	0.88%
	CBOE	C	0.84%
	ESNT	B	0.84%
	KMB	D	0.82%
	CHRD	F	0.82%
	PCAR	D	0.82%
	VICI	C	0.81%
	CTRA	D	0.81%
	GILD	B	0.8%
	SNA	C	0.78%
	EG	C	0.76%
	STLD	F	0.75%
	BCC	B	0.74%
	CNC	D	0.73%
	CF	C	0.7%
	BLDR	C	0.7%
	MOH	D	0.66%
	NUE	F	0.64%
	RPRX	C	0.64%
	ACN	C	0.6%
	BRBR	C	0.58%
	VZ	B	0.54%
	T	C	0.5%
	CMCSA	D	0.49%
	EA	D	0.3%
	FOXA	B	0.27%
	MANH	B	0.25%
	NYT	C	0.24%
	ZM	C	0.23%
	DLB	D	0.21%
	DBX	D	0.17%
	QLYS	F	0.17%

FLRG Underweight 63 Positions Relative to REW

	Symbol	Grade	Weight
	GOOG	D	-5.24%
	INTC	F	-3.85%
	CRM	D	-2.4%
	TXN	C	-1.83%
	ORCL	C	-1.77%
	QCOM	D	-1.63%
	MU	F	-0.95%
	AMD	D	-0.84%
	ADI	C	-0.65%
	ADSK	C	-0.63%
	HPQ	D	-0.48%
	MSI	B	-0.45%
	WDAY	D	-0.44%
	EBAY	B	-0.41%
	MCHP	F	-0.39%
	PANW	D	-0.35%
	ANSS	D	-0.34%
	IAC	C	-0.3%
	WDC	D	-0.3%
	VEEV	C	-0.29%
	HPE	D	-0.29%
	CDW	D	-0.29%
	MRVL	C	-0.28%
	PAYC	D	-0.22%
	TWLO	D	-0.22%
	SNAP	F	-0.22%
	SSNC	B	-0.21%
	STX	C	-0.21%
	OKTA	F	-0.21%
	NTAP	D	-0.21%
	GRMN	D	-0.21%
	IT	B	-0.21%
	RNG	F	-0.21%
	QRVO	F	-0.2%
	LDOS	B	-0.2%
	LUMN	C	-0.2%
	GDDY	C	-0.19%
	EPAM	F	-0.19%
	TYL	C	-0.18%
	BAH	C	-0.17%
	TTD	B	-0.17%
	TER	D	-0.17%
	ON	D	-0.15%
	DXC	C	-0.14%
	GWRE	A	-0.14%
	AZPN	B	-0.14%
	OLED	C	-0.13%
	DOCU	C	-0.13%
	JNPR	B	-0.12%
	FFIV	B	-0.12%
	PTC	D	-0.12%
	HUBS	D	-0.11%
	DAY	D	-0.11%
	MPWR	C	-0.11%
	ENTG	F	-0.11%
	CIEN	C	-0.1%
	CACI	B	-0.1%
	XRX	D	-0.1%
	LITE	B	-0.09%
	SNX	D	-0.09%
	Z	B	-0.09%
	ETSY	F	-0.09%
	MKSI	F	-0.09%

FLRG: Top Represented Industries & Keywords

Industries: Software - Application Drug Manufacturers - Major Residential Construction Biotechnology Software - Infrastructure Business Services Credit Services Household & Personal Products Information Technology Services Internet Content & Information Oil & Gas E&P Semiconductor Equipment & Materials Semiconductors Telecom Services Computer Systems Financial Data & Stock Exchanges Health Care Plans Insurance - Reinsurance Insurance - Specialty Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Telecommunications Work From Home IBD 50 Mobile Devices Broadband Building Materials Cloud Computing Ethernet Homebuilder Insurance Integrated Circuits Operating System Semiconductor Smartphones Infection Pharmaceutical Products

REW: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Communication Equipment Semiconductor Equipment & Materials Computer Systems Data Storage Business Services Scientific & Technical Instruments Specialty Retail Consumer Electronics Health Information Services Real Estate Services Semiconductor Memory Telecom Services

Keywords: S&P 500 Nasdaq 100 Computing Semiconductor Work From Home Cloud Computing Integrated Circuits Mobile Devices Software Software As A Service Cloud Infrastructure Smartphones Electronics Operating System Telecommunications Ethernet Cloud Applications Computer Network Computer Networking Digital Media