FQAL vs. FDLO ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Fidelity Low Volatility Factor ETF (FDLO)

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	FDLO
30 Days	2.60%	0.81%
60 Days	4.35%	1.49%
90 Days	5.86%	4.05%
12 Months	30.56%	21.68%

51 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in FDLO	Overlap
AAPL	C	6.62%	7.26%	6.62%
ABBV	D	1.14%	0.98%	0.98%
ACN	C	1.05%	1.6%	1.05%
ADP	B	0.64%	0.66%	0.64%
AMT	D	0.27%	0.29%	0.27%
AVY	D	0.15%	0.14%	0.14%
AZO	C	0.75%	0.47%	0.47%
CL	D	0.36%	0.35%	0.35%
CME	A	0.85%	0.69%	0.69%
COP	C	0.41%	0.41%	0.41%
CVX	A	0.68%	0.69%	0.68%
ECL	D	0.24%	0.24%	0.24%
EOG	A	0.32%	0.32%	0.32%
EQR	B	0.17%	0.18%	0.17%
FAST	B	0.53%	0.54%	0.53%
GOOGL	C	3.69%	4.12%	3.69%
GRMN	B	0.86%	0.51%	0.51%
HD	A	1.5%	1.19%	1.19%
HSY	F	0.25%	0.24%	0.24%
ITW	B	0.54%	0.56%	0.54%
JNJ	D	1.35%	1.18%	1.18%
KMB	D	0.31%	0.3%	0.3%
KO	D	0.66%	0.66%	0.66%
LIN	D	0.52%	0.53%	0.52%
LLY	F	1.72%	1.57%	1.57%
LMT	D	0.56%	0.58%	0.56%
LNG	B	0.28%	0.28%	0.28%
LOW	D	1.02%	0.71%	0.71%
MA	C	1.48%	1.34%	1.34%
MCD	D	1.11%	0.8%	0.8%
MDLZ	F	0.38%	0.37%	0.37%
MLM	B	0.19%	0.19%	0.19%
MSFT	F	6.3%	6.93%	6.3%
O	D	0.21%	0.22%	0.21%
ORLY	B	0.84%	0.53%	0.53%
OTIS	C	0.45%	0.47%	0.45%
PAYX	C	0.49%	0.51%	0.49%
PG	A	0.98%	0.99%	0.98%
PGR	A	1.0%	0.84%	0.84%
PM	B	0.63%	0.62%	0.62%
PSA	D	0.23%	0.25%	0.23%
SHW	A	0.3%	0.3%	0.3%
SO	D	0.36%	0.37%	0.36%
T	A	0.57%	0.99%	0.57%
UNP	C	0.61%	0.63%	0.61%
V	A	1.61%	1.47%	1.47%
VRTX	F	0.86%	0.69%	0.69%
VZ	C	0.56%	0.93%	0.56%
WEC	A	0.26%	0.27%	0.26%
WMB	A	0.34%	0.34%	0.34%
XOM	B	1.16%	1.17%	1.16%

FQAL Overweight 73 Positions Relative to FDLO

Symbol	Grade	Weight
NVDA	C	7.24%
META	D	2.51%
AVGO	D	2.0%
BKNG	A	1.21%
BX	A	1.05%
BMY	B	1.02%
COST	B	1.01%
GILD	C	1.0%
ADBE	C	0.97%
NFLX	A	0.97%
FICO	B	0.96%
PANW	C	0.96%
AMP	A	0.92%
SPGI	C	0.92%
QCOM	F	0.91%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
AMAT	F	0.77%
MCO	B	0.76%
MSCI	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
YUM	B	0.72%
ACGL	D	0.71%
CBSH	A	0.71%
DPZ	C	0.69%
LRCX	F	0.67%
IDXX	F	0.67%
KNSL	B	0.65%
QLYS	C	0.64%
KLAC	D	0.64%
WSM	B	0.63%
MTD	D	0.58%
MEDP	D	0.57%
CTAS	B	0.55%
GWW	B	0.55%
AME	A	0.52%
MMM	D	0.5%
TDG	D	0.49%
CSX	B	0.49%
CPRT	A	0.48%
NEE	D	0.47%
VRSK	A	0.46%
ODFL	B	0.45%
MO	A	0.44%
VST	B	0.43%
TTD	B	0.41%
CEG	D	0.36%
MNST	C	0.31%
TPL	A	0.31%
PLD	D	0.3%
NRG	B	0.27%
SPG	B	0.25%
FCX	D	0.24%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
AVB	B	0.19%
WHD	B	0.18%
VICI	C	0.18%
NUE	C	0.18%
RS	B	0.17%
CF	B	0.17%
SBAC	D	0.16%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%
GLPI	C	0.14%

FQAL Underweight 74 Positions Relative to FDLO

Symbol	Grade	Weight
AMZN	C	-3.92%
BRK.A	B	-2.13%
ORCL	B	-2.01%
JPM	A	-1.89%
CSCO	B	-1.77%
UNH	C	-1.55%
IBM	C	-1.54%
MSI	B	-1.49%
TXN	C	-1.48%
ROP	B	-1.21%
TYL	B	-1.19%
VRSN	F	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
TMUS	B	-0.97%
CMCSA	B	-0.95%
WMT	A	-0.95%
ABT	B	-0.9%
MRK	F	-0.88%
TMO	F	-0.78%
EA	A	-0.72%
CB	C	-0.72%
ETN	A	-0.72%
AMGN	D	-0.71%
SBUX	A	-0.7%
HON	B	-0.7%
TRV	B	-0.69%
MMC	B	-0.67%
TJX	A	-0.65%
PEP	F	-0.62%
AJG	B	-0.61%
AIZ	A	-0.61%
BDX	F	-0.6%
FDS	B	-0.59%
WRB	A	-0.56%
NKE	D	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
JKHY	D	-0.51%
REGN	F	-0.5%
NOC	D	-0.5%
GD	F	-0.49%
LHX	C	-0.49%
RSG	A	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
BAH	F	-0.43%
J	F	-0.39%
DUK	C	-0.35%
FCN	D	-0.34%
EQIX	A	-0.31%
XEL	A	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
GIS	D	-0.28%
AEP	D	-0.28%
APD	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
ED	D	-0.25%
CMS	C	-0.24%
DTM	B	-0.23%
CCI	D	-0.21%
VMC	B	-0.2%
CTVA	C	-0.2%
PKG	A	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%