FNCL vs. JOET ETF Comparison

Comparison of Fidelity MSCI Financials Index ETF (FNCL) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$64.05

Average Daily Volume

85,143

Number of Holdings ^*

374

* may have additional holdings in another (foreign) market

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$36.56

Average Daily Volume

24,522

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FNCL	JOET
30 Days	4.22%	3.15%
60 Days	5.17%	4.55%
90 Days	11.21%	6.83%
12 Months	37.33%	31.37%

34 Overlapping Holdings

Symbol	Grade	Weight in FNCL	Weight in JOET	Overlap
ACGL	B	0.58%	0.9%	0.58%
AFL	C	0.82%	0.9%	0.82%
AJG	D	0.91%	0.83%	0.83%
AMP	B	0.61%	0.77%	0.61%
APO	B	0.61%	0.68%	0.61%
AXP	B	2.06%	0.78%	0.78%
BRK.A	C	8.46%	0.82%	0.82%
BRO	C	0.34%	0.81%	0.34%
CB	B	1.55%	0.84%	0.84%
CFG	C	0.26%	0.72%	0.26%
CINF	C	0.3%	0.87%	0.3%
CME	C	1.11%	0.85%	0.85%
CPAY	C	0.29%	0.83%	0.29%
DFS	B	0.46%	0.72%	0.46%
FCNCA	D	0.26%	0.68%	0.26%
FITB	B	0.4%	0.76%	0.4%
HBAN	B	0.29%	0.74%	0.29%
HIG	B	0.48%	0.83%	0.48%
IBKR	A	0.18%	0.8%	0.18%
JPM	D	8.39%	0.76%	0.76%
KKR	A	1.04%	0.78%	0.78%
MA	B	5.71%	0.87%	0.87%
MKL	C	0.28%	0.74%	0.28%
MMC	C	1.59%	0.83%	0.83%
MTB	A	0.39%	0.75%	0.39%
NTRS	B	0.25%	0.77%	0.25%
PGR	A	2.06%	0.9%	0.9%
RF	B	0.29%	0.77%	0.29%
SPGI	A	2.33%	0.83%	0.83%
SYF	C	0.26%	0.71%	0.26%
TRV	B	0.75%	0.87%	0.75%
TW	B	0.19%	0.84%	0.19%
V	C	6.31%	0.86%	0.86%
WRB	C	0.25%	0.85%	0.25%

FNCL Overweight 340 Positions Relative to JOET

Symbol	Grade	Weight
BAC	D	3.87%
WFC	D	2.64%
GS	C	2.15%
BLK	B	1.84%
MS	C	1.67%
C	D	1.55%
BX	B	1.44%
SCHW	D	1.35%
ICE	C	1.29%
MCO	A	1.11%
PNC	A	1.0%
USB	B	0.99%
PYPL	B	0.97%
AON	B	0.95%
TFC	D	0.79%
COF	A	0.74%
BK	A	0.71%
ALL	B	0.69%
AIG	D	0.68%
FIS	B	0.66%
MET	A	0.64%
MSCI	C	0.63%
PRU	C	0.59%
SQ	D	0.5%
NDAQ	A	0.44%
WTW	C	0.42%
COIN	F	0.42%
GPN	D	0.39%
ARES	A	0.37%
STT	B	0.35%
TROW	D	0.33%
RJF	C	0.32%
CBOE	C	0.31%
PFG	B	0.26%
EG	C	0.23%
FDS	C	0.23%
LPLA	F	0.22%
FNF	B	0.21%
L	D	0.21%
KEY	B	0.21%
RGA	B	0.2%
RNR	B	0.19%
ERIE	B	0.18%
JKHY	C	0.18%
EQH	C	0.18%
EWBC	D	0.16%
AIZ	B	0.15%
HOOD	C	0.15%
MKTX	C	0.14%
AFRM	C	0.14%
AFG	B	0.14%
KNSL	C	0.14%
CG	D	0.13%
ALLY	D	0.13%
PRI	B	0.13%
ORI	B	0.13%
TOST	A	0.13%
JEF	B	0.13%
GL	C	0.13%
WAL	B	0.12%
FHN	D	0.12%
MORN	B	0.12%
EVR	A	0.12%
SF	A	0.12%
UNM	B	0.12%
CMA	A	0.11%
VOYA	B	0.11%
WBS	D	0.11%
HLI	A	0.11%
OWL	C	0.11%
WEX	C	0.11%
PB	B	0.1%
WTFC	C	0.1%
PNFP	A	0.1%
SSB	B	0.1%
BPOP	C	0.1%
SEIC	C	0.1%
AGNC	B	0.1%
CBSH	D	0.1%
SOFI	C	0.1%
RYAN	C	0.09%
CFR	C	0.09%
SNV	C	0.09%
AXS	B	0.09%
MTG	B	0.09%
ESNT	B	0.09%
FAF	C	0.09%
ZION	D	0.09%
AMG	C	0.08%
CADE	C	0.08%
OMF	D	0.08%
JXN	B	0.08%
BEN	F	0.08%
HLNE	A	0.08%
STWD	B	0.08%
COOP	C	0.08%
ONB	C	0.08%
RLI	B	0.08%
PFSI	C	0.07%
PIPR	A	0.07%
JHG	B	0.07%
UMBF	B	0.07%
LNC	D	0.07%
GBCI	B	0.07%
UBSI	C	0.07%
HOMB	C	0.07%
COLB	B	0.07%
RDN	C	0.07%
THG	C	0.07%
SIGI	D	0.07%
FNB	D	0.07%
IVZ	B	0.07%
TPG	B	0.06%
CNO	A	0.06%
ESGR	D	0.06%
MC	B	0.06%
SLM	D	0.06%
AGO	C	0.06%
HWC	D	0.06%
FFIN	B	0.06%
OZK	D	0.06%
FOUR	C	0.06%
EEFT	D	0.06%
WTM	D	0.06%
UCBI	B	0.05%
FBP	C	0.05%
AX	D	0.05%
BGC	B	0.05%
IBOC	D	0.05%
OSCR	C	0.05%
WD	B	0.05%
VLY	C	0.05%
SFBS	B	0.05%
ABCB	B	0.05%
KMPR	D	0.05%
HASI	C	0.05%
BKU	D	0.04%
UPST	C	0.04%
FHI	B	0.04%
VIRT	C	0.04%
PRK	C	0.04%
APAM	C	0.04%
PJT	B	0.04%
CBU	D	0.04%
FIBK	C	0.04%
CACC	F	0.04%
WAFD	C	0.04%
CATY	C	0.04%
WU	D	0.04%
BHF	D	0.04%
GNW	B	0.04%
BOKF	B	0.04%
EBC	B	0.04%
WSFS	D	0.04%
AUB	D	0.04%
TCBI	B	0.04%
BXMT	C	0.04%
FULT	D	0.04%
STEP	B	0.04%
FHB	D	0.04%
NMIH	C	0.04%
ASB	D	0.04%
TRMK	D	0.03%
WSBC	D	0.03%
BANC	B	0.03%
NATL	D	0.03%
EFSC	C	0.03%
STC	B	0.03%
BANR	A	0.03%
DFIN	C	0.03%
GSHD	C	0.03%
RNST	D	0.03%
OFG	C	0.03%
PRG	B	0.03%
FLYW	F	0.03%
NBTB	D	0.03%
IBTX	C	0.03%
MQ	F	0.03%
EVTC	F	0.03%
SBCF	C	0.03%
ENVA	C	0.03%
BANF	B	0.03%
TBBK	B	0.03%
PFS	C	0.03%
PPBI	D	0.03%
VCTR	B	0.03%
FRME	D	0.03%
SNEX	B	0.03%
PLMR	C	0.03%
CVBF	D	0.03%
ABR	B	0.03%
HTLF	B	0.03%
RKT	C	0.03%
FFBC	D	0.03%
INDB	C	0.03%
CNS	B	0.03%
SFNC	C	0.03%
BOH	D	0.03%
TOWN	B	0.03%
SRCE	D	0.02%
PEBO	D	0.02%
EFC	C	0.02%
BHLB	C	0.02%
EIG	C	0.02%
GABC	C	0.02%
SAFT	D	0.02%
NBHC	D	0.02%
LC	D	0.02%
NIC	C	0.02%
WABC	D	0.02%
VBTX	B	0.02%
ACT	B	0.02%
PMT	C	0.02%
QCRH	C	0.02%
CODI	D	0.02%
NAVI	C	0.02%
TCBK	D	0.02%
HMN	D	0.02%
SKWD	C	0.02%
LOB	B	0.02%
HTH	C	0.02%
VRTS	D	0.02%
ARI	F	0.02%
CUBI	F	0.02%
NNI	B	0.02%
RC	D	0.02%
HOPE	C	0.02%
SPNT	C	0.02%
SASR	C	0.02%
CHCO	C	0.02%
TRUP	C	0.02%
SYBT	B	0.02%
FBNC	C	0.02%
STBA	C	0.02%
LKFN	C	0.02%
CASH	B	0.02%
LADR	C	0.02%
BUSE	C	0.02%
FRHC	B	0.02%
MCY	D	0.02%
NWBI	C	0.02%
FCF	C	0.02%
FBK	C	0.02%
AGM	D	0.02%
PGC	C	0.01%
WRLD	D	0.01%
CLBK	C	0.01%
HAFC	C	0.01%
SPFI	B	0.01%
PAY	C	0.01%
HONE	C	0.01%
UFCS	D	0.01%
CCBG	B	0.01%
PX	C	0.01%
CTLP	D	0.01%
GSBC	D	0.01%
MCB	C	0.01%
NFBK	C	0.01%
SMBC	C	0.01%
NRDS	F	0.01%
BHB	C	0.01%
TIPT	C	0.01%
AMBC	F	0.01%
TRTX	D	0.01%
GDOT	C	0.01%
CAC	C	0.01%
MSBI	D	0.01%
LPRO	D	0.01%
FSBC	B	0.01%
WASH	C	0.01%
TRST	C	0.01%
THFF	C	0.01%
CCB	C	0.01%
EZPW	D	0.01%
EQBK	B	0.01%
TMP	D	0.01%
AMTB	D	0.01%
IIIV	D	0.01%
FMNB	C	0.01%
PRA	C	0.01%
EGBN	C	0.01%
TREE	B	0.01%
IMXI	D	0.01%
RBCAA	C	0.01%
KREF	B	0.01%
TFSL	D	0.01%
CPF	C	0.01%
CFFN	D	0.01%
PFBC	D	0.01%
AMAL	C	0.01%
UVE	C	0.01%
BFST	C	0.01%
FG	D	0.01%
CASS	D	0.01%
FCBC	B	0.01%
RPAY	D	0.01%
HTBK	C	0.01%
HFWA	C	0.01%
OSBC	D	0.01%
BFC	C	0.01%
BSIG	C	0.01%
MCBS	C	0.01%
PRAA	F	0.01%
HBNC	C	0.01%
FMBH	B	0.01%
BY	D	0.01%
AMSF	C	0.01%
MBWM	D	0.01%
CFB	D	0.01%
FBMS	B	0.01%
BHRB	C	0.01%
CTBI	C	0.01%
BRSP	D	0.01%
BRKL	C	0.01%
DX	B	0.01%
CMTG	F	0.01%
UWMC	D	0.01%
HCI	C	0.01%
OBK	D	0.01%
SBSI	C	0.01%
DCOM	C	0.01%
IBCP	C	0.01%
ECPG	D	0.01%
CNOB	C	0.01%
CNNE	D	0.01%
LMND	D	0.01%
UVSP	B	0.01%
MBIN	D	0.01%
RWT	B	0.01%
PFC	D	0.01%
OCFC	C	0.01%
AROW	D	0.0%
RILY	F	0.0%
CRD.B	C	0.0%
GCBC	D	0.0%
DHIL	C	0.0%
DGICA	D	0.0%
KRNY	C	0.0%
HBT	C	0.0%
HGTY	D	0.0%

FNCL Underweight 90 Positions Relative to JOET

Symbol	Grade	Weight
PLTR	A	-1.0%
MELI	B	-0.96%
PSA	B	-0.94%
WELL	C	-0.92%
AXON	A	-0.91%
IRM	B	-0.91%
CPNG	A	-0.89%
LLY	C	-0.88%
ORCL	B	-0.88%
HWM	B	-0.88%
NU	B	-0.87%
APP	B	-0.87%
ROL	C	-0.87%
COST	B	-0.86%
ISRG	C	-0.86%
SYK	C	-0.86%
META	A	-0.85%
HEI	A	-0.85%
CMG	C	-0.85%
NFLX	B	-0.84%
ADSK	C	-0.84%
UBER	C	-0.84%
CTAS	C	-0.84%
EXR	B	-0.84%
TTD	B	-0.84%
TJX	C	-0.83%
DHI	C	-0.83%
NVR	B	-0.83%
IT	A	-0.83%
PANW	C	-0.83%
EXPE	C	-0.82%
PH	A	-0.82%
TT	A	-0.82%
PG	C	-0.82%
CEG	A	-0.81%
RCL	A	-0.81%
MPWR	C	-0.81%
ELV	C	-0.81%
HUBB	A	-0.81%
CHKP	A	-0.81%
NOW	A	-0.81%
CMI	C	-0.8%
LEN	C	-0.8%
AMD	D	-0.8%
PHM	B	-0.8%
ANET	A	-0.8%
CTSH	C	-0.8%
GWW	A	-0.79%
TYL	C	-0.79%
AAPL	C	-0.79%
GRMN	D	-0.79%
DECK	D	-0.78%
INTU	C	-0.78%
AVGO	C	-0.77%
AMZN	C	-0.77%
CDNS	D	-0.77%
ADI	C	-0.76%
CRWD	D	-0.76%
EPD	B	-0.76%
CPRT	D	-0.76%
PWR	B	-0.76%
MSFT	C	-0.76%
FAST	C	-0.76%
APH	C	-0.75%
PCAR	D	-0.75%
CAT	B	-0.75%
NVDA	D	-0.75%
AME	C	-0.75%
PTC	D	-0.75%
XOM	D	-0.74%
VRTX	D	-0.74%
EOG	D	-0.73%
URI	B	-0.73%
FSLR	C	-0.72%
XYL	D	-0.72%
KLAC	D	-0.71%
NXPI	D	-0.7%
GOOGL	D	-0.7%
IR	C	-0.7%
PSX	D	-0.7%
QCOM	F	-0.7%
AMAT	D	-0.68%
ICLR	D	-0.68%
SNPS	D	-0.67%
FANG	D	-0.67%
VLO	F	-0.67%
HES	D	-0.66%
STLD	D	-0.65%
LRCX	F	-0.64%
SMCI	F	-0.45%