FQAL vs. FDRR ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Fidelity Dividend ETF for Rising Rates (FDRR)

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

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$53.29

Average Daily Volume

19,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	FDRR
30 Days	2.60%	1.87%
60 Days	4.35%	4.38%
90 Days	5.86%	5.21%
12 Months	30.56%	31.25%

36 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in FDRR	Overlap
AAPL	C	6.62%	7.22%	6.62%
ABBV	D	1.14%	1.22%	1.14%
AVGO	D	2.0%	2.56%	2.0%
BMY	B	1.02%	1.01%	1.01%
BX	A	1.05%	1.09%	1.05%
CAT	B	0.77%	0.94%	0.77%
CME	A	0.85%	0.79%	0.79%
COP	C	0.41%	0.43%	0.41%
CVX	A	0.68%	0.71%	0.68%
EOG	A	0.32%	0.36%	0.32%
FCX	D	0.24%	0.25%	0.24%
GLPI	C	0.14%	0.21%	0.14%
HD	A	1.5%	1.37%	1.37%
JNJ	D	1.35%	1.35%	1.35%
KO	D	0.66%	0.81%	0.66%
LIN	D	0.52%	0.54%	0.52%
LLY	F	1.72%	1.82%	1.72%
LMT	D	0.56%	0.79%	0.56%
LOW	D	1.02%	0.95%	0.95%
MCD	D	1.11%	0.91%	0.91%
MO	A	0.44%	0.68%	0.44%
MSFT	F	6.3%	6.6%	6.3%
NEE	D	0.47%	0.48%	0.47%
NVDA	C	7.24%	8.35%	7.24%
PG	A	0.98%	1.13%	0.98%
PLD	D	0.3%	0.35%	0.3%
PM	B	0.63%	0.89%	0.63%
PSA	D	0.23%	0.3%	0.23%
SO	D	0.36%	0.36%	0.36%
SPG	B	0.25%	0.34%	0.25%
T	A	0.57%	0.88%	0.57%
UNP	C	0.61%	0.7%	0.61%
V	A	1.61%	1.56%	1.56%
VICI	C	0.18%	0.24%	0.18%
VZ	C	0.56%	0.78%	0.56%
XOM	B	1.16%	1.09%	1.09%

FQAL Overweight 88 Positions Relative to FDRR

Symbol	Grade	Weight
GOOGL	C	3.69%
META	D	2.51%
MA	C	1.48%
BKNG	A	1.21%
ACN	C	1.05%
COST	B	1.01%
PGR	A	1.0%
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%
VRTX	F	0.86%
GRMN	B	0.86%
ORLY	B	0.84%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CFR	B	0.77%
AMAT	F	0.77%
MCO	B	0.76%
MSCI	C	0.75%
AZO	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%
ADP	B	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%
ITW	B	0.54%
FAST	B	0.53%
AME	A	0.52%
MMM	D	0.5%
TDG	D	0.49%
CSX	B	0.49%
PAYX	C	0.49%
CPRT	A	0.48%
VRSK	A	0.46%
OTIS	C	0.45%
ODFL	B	0.45%
VST	B	0.43%
TTD	B	0.41%
MDLZ	F	0.38%
CL	D	0.36%
CEG	D	0.36%
WMB	A	0.34%
MNST	C	0.31%
KMB	D	0.31%
TPL	A	0.31%
SHW	A	0.3%
LNG	B	0.28%
NRG	B	0.27%
AMT	D	0.27%
WEC	A	0.26%
HSY	F	0.25%
ECL	D	0.24%
O	D	0.21%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
AVB	B	0.19%
MLM	B	0.19%
WHD	B	0.18%
NUE	C	0.18%
RS	B	0.17%
EQR	B	0.17%
CF	B	0.17%
SBAC	D	0.16%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%
AVY	D	0.15%

FQAL Underweight 65 Positions Relative to FDRR

Symbol	Grade	Weight
JPM	A	-2.11%
UNH	C	-1.79%
TXN	C	-1.5%
DELL	C	-1.47%
CSCO	B	-1.44%
BAC	A	-1.39%
WFC	A	-1.37%
IBM	C	-1.34%
GS	A	-1.23%
HPQ	B	-1.21%
MS	A	-1.2%
PNC	B	-0.97%
MRK	F	-0.97%
GE	D	-0.96%
C	A	-0.95%
GM	B	-0.92%
RTX	C	-0.92%
TJX	A	-0.91%
PFE	D	-0.88%
USB	A	-0.86%
TFC	A	-0.85%
HON	B	-0.82%
SBUX	A	-0.79%
MAR	B	-0.75%
CMCSA	B	-0.74%
PEP	F	-0.74%
DE	A	-0.68%
TKO	B	-0.68%
BBY	D	-0.67%
FOXA	B	-0.67%
CVS	D	-0.65%
PCAR	B	-0.62%
UPS	C	-0.62%
EA	A	-0.61%
F	C	-0.58%
NKE	D	-0.56%
NWSA	B	-0.55%
OMC	C	-0.53%
NYT	C	-0.5%
TRGP	B	-0.49%
GEV	B	-0.44%
WMG	C	-0.42%
NXST	C	-0.42%
IPG	D	-0.4%
PARA	C	-0.34%
DUK	C	-0.33%
APD	A	-0.29%
D	C	-0.27%
AEP	D	-0.27%
CCI	D	-0.25%
OHI	C	-0.25%
NEM	D	-0.24%
EXC	C	-0.24%
EIX	B	-0.24%
IP	B	-0.24%
DVN	F	-0.21%
WY	D	-0.2%
WPC	D	-0.18%
IFF	D	-0.17%
DOW	F	-0.16%
AMCR	D	-0.16%
WBA	F	-0.15%
LYB	F	-0.15%
CIVI	D	-0.15%
MOS	F	-0.12%