FQAL vs. FLQL ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Franklin LibertyQ U.S. Equity ETF (FLQL)

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

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	FLQL
30 Days	2.60%	2.44%
60 Days	4.35%	3.55%
90 Days	5.86%	4.50%
12 Months	30.56%	31.26%

51 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in FLQL	Overlap
AAPL	C	6.62%	7.0%	6.62%
ABBV	D	1.14%	1.33%	1.14%
ACGL	D	0.71%	0.26%	0.26%
AMAT	F	0.77%	0.96%	0.77%
AVB	B	0.19%	0.1%	0.1%
AVGO	D	2.0%	1.77%	1.77%
BKNG	A	1.21%	1.19%	1.19%
CAT	B	0.77%	1.27%	0.77%
CF	B	0.17%	0.11%	0.11%
CL	D	0.36%	0.52%	0.36%
COST	B	1.01%	1.7%	1.01%
CTAS	B	0.55%	0.46%	0.46%
DPZ	C	0.69%	0.11%	0.11%
ESS	B	0.16%	0.11%	0.11%
EXR	D	0.19%	0.11%	0.11%
FAST	B	0.53%	0.33%	0.33%
FICO	B	0.96%	0.17%	0.17%
GLPI	C	0.14%	0.09%	0.09%
GOOGL	C	3.69%	2.04%	2.04%
GRMN	B	0.86%	0.25%	0.25%
GWW	B	0.55%	0.38%	0.38%
JNJ	D	1.35%	1.55%	1.35%
KLAC	D	0.64%	0.67%	0.64%
KMB	D	0.31%	0.14%	0.14%
LLY	F	1.72%	1.31%	1.31%
LMT	D	0.56%	0.4%	0.4%
LRCX	F	0.67%	0.66%	0.66%
MA	C	1.48%	1.79%	1.48%
MCO	B	0.76%	0.56%	0.56%
MEDP	D	0.57%	0.08%	0.08%
META	D	2.51%	2.48%	2.48%
MO	A	0.44%	0.85%	0.44%
MSFT	F	6.3%	5.96%	5.96%
NFG	A	0.2%	0.1%	0.1%
NRG	B	0.27%	0.12%	0.12%
NVDA	C	7.24%	6.71%	6.71%
O	D	0.21%	0.15%	0.15%
PM	B	0.63%	0.71%	0.63%
PSA	D	0.23%	0.38%	0.23%
QCOM	F	0.91%	1.22%	0.91%
RGLD	C	0.15%	0.1%	0.1%
SO	D	0.36%	0.29%	0.29%
SPG	B	0.25%	0.46%	0.25%
T	A	0.57%	1.07%	0.57%
TPL	A	0.31%	0.16%	0.16%
UGI	A	0.19%	0.1%	0.1%
VICI	C	0.18%	0.1%	0.1%
VRTX	F	0.86%	0.92%	0.86%
VZ	C	0.56%	1.24%	0.56%
WSM	B	0.63%	0.15%	0.15%
XOM	B	1.16%	0.63%	0.63%

FQAL Overweight 73 Positions Relative to FLQL

Symbol	Grade	Weight
V	A	1.61%
HD	A	1.5%
MCD	D	1.11%
BX	A	1.05%
ACN	C	1.05%
BMY	B	1.02%
LOW	D	1.02%
PGR	A	1.0%
GILD	C	1.0%
PG	A	0.98%
ADBE	C	0.97%
NFLX	A	0.97%
PANW	C	0.96%
AMP	A	0.92%
SPGI	C	0.92%
CME	A	0.85%
ORLY	B	0.84%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CFR	B	0.77%
MSCI	C	0.75%
AZO	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
YUM	B	0.72%
CBSH	A	0.71%
CVX	A	0.68%
IDXX	F	0.67%
KO	D	0.66%
KNSL	B	0.65%
QLYS	C	0.64%
ADP	B	0.64%
UNP	C	0.61%
MTD	D	0.58%
ITW	B	0.54%
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%
NEE	D	0.47%
VRSK	A	0.46%
OTIS	C	0.45%
ODFL	B	0.45%
VST	B	0.43%
COP	C	0.41%
TTD	B	0.41%
MDLZ	F	0.38%
CEG	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
MNST	C	0.31%
PLD	D	0.3%
SHW	A	0.3%
LNG	B	0.28%
AMT	D	0.27%
WEC	A	0.26%
HSY	F	0.25%
FCX	D	0.24%
ECL	D	0.24%
AM	A	0.19%
MLM	B	0.19%
WHD	B	0.18%
NUE	C	0.18%
RS	B	0.17%
EQR	B	0.17%
SBAC	D	0.16%
EXP	A	0.16%
AVY	D	0.15%

FQAL Underweight 159 Positions Relative to FLQL

Symbol	Grade	Weight
AMZN	C	-2.92%
GOOG	C	-1.73%
WMT	A	-1.68%
IBM	C	-1.31%
ISRG	A	-1.3%
TXN	C	-1.24%
JPM	A	-1.23%
MRK	F	-1.21%
TSLA	B	-1.13%
BRK.A	B	-1.11%
AMGN	D	-1.05%
C	A	-0.97%
TJX	A	-0.95%
SYK	C	-0.94%
ORCL	B	-0.88%
BSX	B	-0.84%
ANET	C	-0.77%
WM	A	-0.67%
TT	A	-0.65%
GS	A	-0.6%
APH	A	-0.6%
TMUS	B	-0.59%
REGN	F	-0.59%
MSI	B	-0.58%
CMG	B	-0.57%
CI	F	-0.56%
CB	C	-0.56%
PH	A	-0.52%
UNH	C	-0.52%
RTX	C	-0.5%
HCA	F	-0.49%
PCAR	B	-0.44%
APP	B	-0.42%
GD	F	-0.39%
URI	B	-0.38%
DHI	D	-0.36%
GM	B	-0.35%
HLT	A	-0.33%
ADI	D	-0.32%
RSG	A	-0.31%
LEN	D	-0.3%
HPQ	B	-0.29%
ELV	F	-0.28%
CMI	A	-0.26%
HWM	A	-0.25%
CTSH	B	-0.24%
MCHP	D	-0.23%
AFL	B	-0.23%
SPOT	B	-0.22%
PHM	D	-0.22%
PEG	A	-0.22%
DECK	A	-0.22%
SYF	B	-0.21%
HPE	B	-0.21%
NTAP	C	-0.21%
DAL	C	-0.2%
FANG	D	-0.2%
DELL	C	-0.19%
HIG	B	-0.19%
GLW	B	-0.19%
NVR	D	-0.19%
IRM	D	-0.18%
LDOS	C	-0.17%
EBAY	D	-0.17%
WAB	B	-0.17%
RCL	A	-0.17%
LYB	F	-0.16%
ETR	B	-0.16%
STLD	B	-0.16%
PKG	A	-0.15%
LII	A	-0.15%
CSL	C	-0.15%
TSCO	D	-0.15%
WSO	A	-0.13%
OC	A	-0.13%
TOL	B	-0.13%
RMD	C	-0.13%
CFG	B	-0.13%
IP	B	-0.13%
TNL	A	-0.12%
EME	C	-0.12%
AWI	A	-0.12%
RL	B	-0.12%
JEF	A	-0.12%
MAS	D	-0.12%
AYI	B	-0.12%
EVR	B	-0.12%
UTHR	C	-0.12%
FIX	A	-0.12%
ALSN	B	-0.12%
DTM	B	-0.12%
AXS	A	-0.11%
LNC	B	-0.11%
BJ	A	-0.11%
MUSA	A	-0.11%
FOXA	B	-0.11%
PPC	C	-0.11%
FOX	A	-0.11%
CW	B	-0.11%
R	B	-0.11%
LOPE	B	-0.11%
CASY	A	-0.11%
RGA	A	-0.11%
G	B	-0.11%
TXRH	C	-0.11%
JHG	A	-0.11%
THC	D	-0.11%
BBY	D	-0.11%
OHI	C	-0.1%
ROL	B	-0.1%
SCCO	F	-0.1%
K	A	-0.1%
EMN	D	-0.1%
DGX	A	-0.1%
CLH	B	-0.1%
LAMR	D	-0.1%
UHS	D	-0.1%
DVA	B	-0.1%
ADC	B	-0.1%
DKS	C	-0.1%
KRC	C	-0.1%
INGR	B	-0.1%
KEX	C	-0.1%
EHC	B	-0.1%
CHRW	C	-0.1%
CUZ	B	-0.1%
AMCR	D	-0.09%
WU	D	-0.09%
JNPR	F	-0.09%
NNN	D	-0.09%
MPWR	F	-0.09%
EPR	D	-0.09%
PK	B	-0.09%
SNX	C	-0.09%
CACI	D	-0.09%
NEU	C	-0.09%
GAP	C	-0.09%
GPK	C	-0.09%
CHE	D	-0.09%
LEN	D	-0.09%
HRB	D	-0.09%
AVT	C	-0.09%
OMC	C	-0.09%
SWKS	F	-0.09%
MTG	C	-0.09%
M	D	-0.09%
SSNC	B	-0.09%
HIW	D	-0.09%
APA	D	-0.08%
CRI	D	-0.08%
WING	D	-0.08%
COKE	C	-0.08%
CIVI	D	-0.08%
DVN	F	-0.08%
TER	D	-0.08%
CROX	D	-0.07%
OGN	D	-0.07%
CRUS	D	-0.07%
MDU	D	-0.07%