FQAL vs. FDWM ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Fidelity Women's Leadership ETF (FDWM)

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

FDWM

Fidelity Women's Leadership ETF

FDWM Description

The investment seeks long-term growth of capital. The Advisor normally invests at least 80% of assets in equity securities of companies that prioritize and advance women's leadership and development. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. The fund may invest a significant percentage of its assets in relatively few companies and may invest up to 25% in a single company. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.72

Average Daily Volume

241

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	FDWM
30 Days	2.60%	2.79%
60 Days	4.35%	2.73%
90 Days	5.86%	4.82%
12 Months	30.56%	24.93%

16 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in FDWM	Overlap
AAPL	C	6.62%	4.35%	4.35%
ACN	C	1.05%	2.03%	1.05%
ADBE	C	0.97%	1.32%	0.97%
HSY	F	0.25%	0.5%	0.25%
LOW	D	1.02%	0.54%	0.54%
MA	C	1.48%	1.09%	1.09%
MSFT	F	6.3%	3.66%	3.66%
NEE	D	0.47%	1.0%	0.47%
NFLX	A	0.97%	0.66%	0.66%
NVDA	C	7.24%	3.24%	3.24%
OTIS	C	0.45%	0.71%	0.45%
PGR	A	1.0%	1.73%	1.0%
PSA	D	0.23%	0.75%	0.23%
VRTX	F	0.86%	0.59%	0.59%
WSM	B	0.63%	1.4%	0.63%
ZTS	D	0.81%	0.78%	0.78%

FQAL Overweight 108 Positions Relative to FDWM

Symbol	Grade	Weight
GOOGL	C	3.69%
META	D	2.51%
AVGO	D	2.0%
LLY	F	1.72%
V	A	1.61%
HD	A	1.5%
JNJ	D	1.35%
BKNG	A	1.21%
XOM	B	1.16%
ABBV	D	1.14%
MCD	D	1.11%
BX	A	1.05%
BMY	B	1.02%
COST	B	1.01%
GILD	C	1.0%
PG	A	0.98%
FICO	B	0.96%
PANW	C	0.96%
AMP	A	0.92%
SPGI	C	0.92%
QCOM	F	0.91%
GRMN	B	0.86%
CME	A	0.85%
ORLY	B	0.84%
VEEV	C	0.84%
CPAY	A	0.82%
EWBC	A	0.78%
CAT	B	0.77%
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%
CVX	A	0.68%
LRCX	F	0.67%
IDXX	F	0.67%
KO	D	0.66%
KNSL	B	0.65%
QLYS	C	0.64%
ADP	B	0.64%
KLAC	D	0.64%
PM	B	0.63%
UNP	C	0.61%
MTD	D	0.58%
MEDP	D	0.57%
T	A	0.57%
LMT	D	0.56%
VZ	C	0.56%
CTAS	B	0.55%
GWW	B	0.55%
ITW	B	0.54%
FAST	B	0.53%
AME	A	0.52%
LIN	D	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%
ODFL	B	0.45%
MO	A	0.44%
VST	B	0.43%
COP	C	0.41%
TTD	B	0.41%
MDLZ	F	0.38%
CL	D	0.36%
SO	D	0.36%
CEG	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
MNST	C	0.31%
KMB	D	0.31%
TPL	A	0.31%
PLD	D	0.3%
SHW	A	0.3%
LNG	B	0.28%
NRG	B	0.27%
AMT	D	0.27%
WEC	A	0.26%
SPG	B	0.25%
FCX	D	0.24%
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%
VICI	C	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%
GLPI	C	0.14%

FQAL Underweight 85 Positions Relative to FDWM

Symbol	Grade	Weight
GOOG	C	-2.61%
AMZN	C	-2.56%
DIS	B	-1.93%
HOLX	D	-1.76%
CI	F	-1.69%
CRM	B	-1.62%
JPM	A	-1.5%
ANET	C	-1.41%
CDW	F	-1.23%
HUBS	A	-1.21%
AMD	F	-1.19%
VTR	C	-1.16%
NXPI	D	-1.16%
CNC	D	-1.13%
BAC	A	-1.11%
PODD	C	-1.1%
MRVL	B	-1.08%
BKR	B	-1.04%
HIG	B	-1.04%
ALNY	D	-1.0%
WEX	D	-0.99%
C	A	-0.98%
FSLR	F	-0.98%
GEV	B	-0.96%
NDAQ	A	-0.95%
ETN	A	-0.94%
LDOS	C	-0.94%
ULTA	F	-0.94%
GEN	B	-0.93%
MMC	B	-0.93%
ELV	F	-0.92%
TMHC	B	-0.92%
DE	A	-0.92%
PH	A	-0.87%
MU	D	-0.87%
INTU	C	-0.85%
CLX	B	-0.83%
FIS	C	-0.82%
EL	F	-0.8%
CBT	C	-0.78%
HLT	A	-0.78%
UPS	C	-0.77%
NSIT	F	-0.76%
FSS	B	-0.74%
SAIC	F	-0.71%
RRX	B	-0.7%
BALL	D	-0.69%
MRK	F	-0.68%
GSK	F	-0.67%
AR	B	-0.66%
HBAN	A	-0.65%
ETSY	D	-0.64%
EMN	D	-0.62%
ICLR	D	-0.61%
EXAS	D	-0.61%
BBY	D	-0.61%
CE	F	-0.57%
OLED	D	-0.57%
SUM	B	-0.57%
USB	A	-0.56%
OXY	D	-0.55%
PINS	D	-0.55%
SBUX	A	-0.55%
DELL	C	-0.53%
EQT	B	-0.52%
NVT	B	-0.51%
TPR	B	-0.51%
ATI	D	-0.51%
BG	F	-0.47%
MAN	D	-0.47%
WRBY	B	-0.45%
MTN	C	-0.44%
VLTO	D	-0.42%
NKE	D	-0.37%
RUN	F	-0.36%
AMN	F	-0.36%
ARCB	C	-0.34%
ZLAB	C	-0.31%
PD	C	-0.29%
ELF	C	-0.28%
GAP	C	-0.24%
RDUS	C	-0.24%
SEDG	F	-0.21%
MLKN	D	-0.2%
SAGE	F	-0.08%