FMDE vs. QLV ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to FlexShares US Quality Low Volatility Index Fund (QLV)

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.92

Average Daily Volume

149,918

Number of Holdings ^*

292

* 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

$67.09

Average Daily Volume

10,246

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	QLV
30 Days	6.40%	-0.74%
60 Days	8.81%	0.99%
90 Days	10.43%	2.61%
12 Months	38.09%	24.52%

24 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in QLV	Overlap
AIZ	A	0.63%	0.84%	0.63%
ALL	A	0.57%	0.62%	0.57%
BAH	F	0.27%	0.5%	0.27%
BMRN	F	0.03%	0.37%	0.03%
CINF	A	0.13%	0.59%	0.13%
COR	B	0.51%	0.2%	0.2%
CRUS	D	0.44%	0.26%	0.26%
CTRA	B	0.1%	0.53%	0.1%
EA	A	0.58%	0.23%	0.23%
ED	C	0.02%	0.77%	0.02%
GILD	C	0.51%	1.11%	0.51%
GIS	D	0.33%	0.72%	0.33%
HII	F	0.21%	0.36%	0.21%
K	A	0.04%	0.77%	0.04%
L	A	0.06%	0.11%	0.06%
MKL	A	0.16%	0.54%	0.16%
NBIX	C	0.44%	0.43%	0.43%
NOC	D	0.18%	0.6%	0.18%
PSA	C	0.46%	0.84%	0.46%
QGEN	D	0.02%	0.67%	0.02%
ROP	B	0.1%	0.14%	0.1%
WTW	B	0.72%	0.87%	0.72%
XEL	A	0.28%	0.62%	0.28%
ZM	C	0.67%	0.7%	0.67%

FMDE Overweight 268 Positions Relative to QLV

Symbol	Grade	Weight
WMB	A	1.12%
BK	A	0.99%
SQ	A	0.97%
SPG	A	0.96%
CMI	A	0.94%
VST	A	0.94%
HWM	A	0.89%
PRU	A	0.85%
MSCI	C	0.84%
UAL	A	0.79%
RJF	A	0.78%
CVNA	B	0.75%
CAH	B	0.74%
EXPE	B	0.73%
KR	B	0.73%
STT	B	0.72%
RBLX	C	0.72%
ROST	D	0.71%
VEEV	C	0.71%
TOST	B	0.69%
TWLO	A	0.67%
AXON	A	0.67%
PPG	F	0.66%
CSGP	D	0.66%
DOCU	B	0.65%
NRG	B	0.65%
CLX	A	0.65%
NVR	D	0.65%
KEY	B	0.65%
CCL	A	0.65%
NTAP	C	0.64%
VICI	C	0.63%
FIS	C	0.63%
TOL	B	0.62%
EQH	C	0.62%
EIX	B	0.61%
IDXX	F	0.61%
HUBS	A	0.61%
HPE	B	0.61%
NUE	C	0.6%
AMP	A	0.6%
INCY	C	0.6%
CCI	C	0.6%
LDOS	C	0.6%
TXT	D	0.59%
CW	C	0.59%
HUBB	B	0.59%
LNG	A	0.59%
SSNC	B	0.59%
ALLE	C	0.58%
DD	C	0.58%
LYFT	C	0.57%
CNC	D	0.57%
DBX	B	0.56%
DKNG	B	0.56%
TRGP	A	0.56%
FTV	C	0.54%
PYPL	B	0.54%
GL	C	0.54%
FFIV	B	0.54%
MANH	D	0.54%
EXEL	B	0.52%
CNP	A	0.52%
CTAS	B	0.52%
UNM	A	0.52%
GRMN	B	0.52%
DCI	B	0.52%
TPR	B	0.51%
MPWR	F	0.51%
QRVO	F	0.5%
MSI	B	0.5%
CACI	D	0.49%
GAP	C	0.49%
AMH	C	0.49%
ECL	D	0.49%
CCK	D	0.48%
TDC	D	0.48%
TT	A	0.48%
BURL	B	0.48%
AXTA	B	0.47%
STLD	B	0.47%
BWXT	B	0.47%
BERY	C	0.46%
BRX	A	0.45%
NYT	D	0.45%
MEDP	D	0.45%
HLT	A	0.45%
SWKS	F	0.45%
PEGA	B	0.45%
ANF	F	0.45%
NDAQ	A	0.44%
SNX	D	0.44%
LNW	F	0.44%
WAB	B	0.43%
PLTR	B	0.43%
VMC	B	0.42%
GWW	B	0.42%
CL	D	0.42%
EVRG	A	0.41%
NVT	B	0.41%
HIG	B	0.4%
AME	A	0.4%
SOLV	D	0.39%
AM	A	0.39%
CPNG	D	0.39%
FIX	A	0.38%
EEFT	B	0.38%
PCAR	B	0.38%
IGT	F	0.38%
ALSN	B	0.37%
DHI	F	0.37%
VMI	B	0.37%
KLAC	F	0.36%
PCG	A	0.36%
SYF	B	0.36%
HXL	F	0.35%
UTHR	C	0.35%
LPX	B	0.35%
ZION	B	0.34%
RNG	C	0.34%
SEE	C	0.34%
DUOL	A	0.33%
IQV	F	0.33%
NTNX	B	0.33%
WCC	B	0.33%
WU	F	0.33%
UHS	D	0.32%
BLD	D	0.32%
EBAY	D	0.32%
Z	A	0.32%
EME	A	0.31%
COIN	C	0.31%
CPAY	A	0.31%
DVN	F	0.31%
AYI	B	0.31%
RS	B	0.3%
APP	B	0.3%
LEN	D	0.29%
GDDY	A	0.29%
EQR	C	0.29%
RGA	A	0.28%
MGM	D	0.28%
MTDR	B	0.28%
GLPI	C	0.27%
IFF	D	0.27%
CBOE	C	0.27%
DXCM	C	0.27%
A	D	0.27%
ELAN	D	0.27%
FANG	C	0.26%
ZG	A	0.26%
BMY	B	0.26%
ZBRA	B	0.25%
PLTK	B	0.25%
BILL	A	0.25%
BRO	B	0.25%
CDW	F	0.25%
INGR	C	0.24%
LHX	C	0.24%
SEIC	B	0.24%
CFG	B	0.23%
OC	A	0.23%
GTES	A	0.23%
TW	A	0.22%
HRB	D	0.22%
MTB	A	0.22%
HES	B	0.22%
SBAC	D	0.22%
KMB	C	0.22%
FLS	B	0.21%
DFS	B	0.21%
PCTY	C	0.21%
ADTN	A	0.2%
GPN	B	0.2%
DKS	D	0.2%
BLDR	D	0.2%
MKTX	D	0.19%
RCL	A	0.18%
NWSA	A	0.18%
ACM	B	0.17%
DASH	B	0.16%
WWD	C	0.16%
USFD	A	0.16%
SAM	C	0.15%
DOC	C	0.15%
KD	B	0.15%
GXO	B	0.14%
TPL	A	0.14%
KMI	A	0.14%
ATI	C	0.13%
ANSS	B	0.13%
REG	A	0.13%
FTI	A	0.12%
CHDN	B	0.12%
ITT	A	0.12%
AES	F	0.12%
WSM	C	0.11%
CBSH	B	0.11%
MORN	B	0.11%
IBKR	A	0.11%
GEHC	D	0.11%
NWS	A	0.11%
EXC	C	0.11%
SYY	D	0.11%
CTRE	C	0.1%
LUV	C	0.1%
AWK	C	0.1%
VLTO	C	0.1%
AXS	A	0.09%
ACGL	C	0.09%
ES	C	0.09%
LPLA	A	0.09%
LEG	F	0.08%
XRAY	F	0.08%
MCHP	F	0.08%
WBD	B	0.08%
VSTS	C	0.07%
JHG	B	0.07%
CWEN	C	0.07%
ADM	D	0.07%
MSA	F	0.07%
AMT	C	0.06%
CI	D	0.06%
DTE	C	0.06%
WDAY	B	0.06%
FR	D	0.06%
EG	C	0.06%
VIRT	A	0.06%
TNL	A	0.06%
HUM	C	0.06%
NSC	B	0.06%
CSL	C	0.05%
WEN	D	0.05%
EGP	D	0.05%
PHM	D	0.05%
TXG	F	0.05%
DAL	B	0.05%
NTRA	A	0.05%
OGE	A	0.04%
BBWI	C	0.04%
DGX	A	0.04%
BIIB	F	0.04%
CWEN	C	0.04%
ULTA	F	0.04%
U	C	0.04%
CF	A	0.03%
BBY	D	0.03%
EPR	C	0.03%
REYN	D	0.03%
AKAM	D	0.03%
TXRH	B	0.03%
CNM	D	0.03%
SF	B	0.03%
CBRE	B	0.03%
JAZZ	B	0.02%
POST	C	0.02%
AFL	B	0.02%
AJG	A	0.02%
OVV	B	0.02%
HAL	C	0.02%
MRO	B	0.02%
LSCC	D	0.01%
STAG	D	0.01%
OKE	A	0.01%
HPQ	B	0.01%
SWK	D	0.01%
HOOD	B	0.01%
ARW	D	0.01%

FMDE Underweight 90 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	D	-7.86%
NVDA	B	-5.54%
AAPL	C	-5.13%
PG	C	-3.17%
AMZN	C	-2.5%
LLY	F	-2.4%
MRK	D	-2.29%
V	A	-2.25%
MCD	D	-1.97%
IBM	C	-1.77%
JNJ	C	-1.68%
VZ	C	-1.58%
PEP	F	-1.52%
T	A	-1.46%
META	D	-1.27%
XOM	B	-1.15%
TMUS	B	-1.14%
LMT	D	-1.07%
ABBV	F	-0.97%
ABT	B	-0.92%
ADP	A	-0.92%
CME	B	-0.91%
QLYS	B	-0.89%
ATR	B	-0.89%
DUK	C	-0.87%
GOOGL	C	-0.87%
TXN	C	-0.86%
WEC	A	-0.83%
WDFC	B	-0.81%
TYL	B	-0.81%
RGLD	C	-0.77%
DOX	D	-0.76%
LSTR	D	-0.74%
CHE	D	-0.74%
AMGN	F	-0.73%
CB	C	-0.72%
CHKP	C	-0.72%
WM	B	-0.68%
SO	C	-0.68%
TRV	B	-0.66%
DTM	A	-0.65%
DLR	B	-0.65%
AVY	F	-0.64%
GOOG	C	-0.62%
CALM	A	-0.62%
EQIX	A	-0.62%
GD	D	-0.61%
PKG	A	-0.61%
SMMT	D	-0.61%
BRK.A	B	-0.59%
RSG	A	-0.58%
WCN	A	-0.57%
CTVA	C	-0.57%
AZO	C	-0.56%
AEE	A	-0.56%
SIGI	C	-0.55%
STNG	F	-0.55%
CMS	C	-0.53%
JKHY	D	-0.53%
SCI	B	-0.53%
WRB	A	-0.53%
ADC	A	-0.52%
AEP	C	-0.52%
PNW	A	-0.52%
TSCO	D	-0.5%
SON	F	-0.49%
CHRW	B	-0.49%
FLO	D	-0.47%
REGN	F	-0.47%
HSY	F	-0.46%
TTEK	F	-0.46%
HRL	D	-0.4%
AVGO	D	-0.4%
VRSK	A	-0.39%
NFG	A	-0.37%
MCK	A	-0.35%
SLGN	A	-0.33%
DDS	B	-0.3%
BMI	B	-0.28%
PM	B	-0.21%
JPM	A	-0.21%
LIN	C	-0.19%
ALKS	C	-0.19%
ADI	D	-0.15%
NCNO	C	-0.13%
CAG	F	-0.13%
CWAN	B	-0.09%
UNH	B	-0.07%
MMC	B	-0.05%
EXPD	C	-0.03%