FQAL vs. FVAL ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Fidelity Value Factor ETF (FVAL)

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

$64.50

Average Daily Volume

46,112

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$60.22

Average Daily Volume

55,847

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	FVAL
30 Days	1.99%	2.44%
60 Days	4.59%	2.80%
90 Days	4.90%	5.00%
12 Months	28.74%	24.77%

44 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in FVAL	Overlap
AAPL	C	6.81%	6.96%	6.81%
ABBV	C	1.39%	1.38%	1.38%
ACN	C	1.08%	1.2%	1.08%
ADP	B	0.62%	0.63%	0.62%
BKNG	C	0.98%	0.73%	0.73%
BMY	C	0.91%	0.9%	0.9%
CAT	B	0.7%	0.73%	0.7%
CF	C	0.16%	0.17%	0.16%
COP	D	0.39%	0.39%	0.39%
CVX	D	0.61%	0.62%	0.61%
EOG	D	0.29%	0.29%	0.29%
FCX	D	0.24%	0.25%	0.24%
GILD	B	0.98%	0.95%	0.95%
GLPI	C	0.16%	0.18%	0.16%
GOOGL	D	3.44%	3.57%	3.44%
HD	B	1.43%	1.2%	1.2%
JNJ	C	1.5%	1.49%	1.49%
JXN	A	0.63%	0.49%	0.49%
KMB	D	0.34%	0.46%	0.34%
LIN	B	0.57%	0.58%	0.57%
LMT	C	0.62%	0.63%	0.62%
MCD	B	1.15%	0.9%	0.9%
META	B	2.47%	2.54%	2.47%
MMM	B	0.53%	0.55%	0.53%
MO	C	0.43%	0.55%	0.43%
MSFT	C	6.74%	6.96%	6.74%
NEE	C	0.53%	0.54%	0.53%
NFG	B	0.2%	0.2%	0.2%
NRG	C	0.24%	0.24%	0.24%
NUE	F	0.18%	0.19%	0.18%
NVDA	D	6.31%	6.47%	6.31%
O	C	0.24%	0.26%	0.24%
PG	C	1.04%	1.17%	1.04%
PLD	C	0.36%	0.38%	0.36%
PSA	B	0.26%	0.29%	0.26%
QCOM	D	0.98%	1.1%	0.98%
SPG	B	0.23%	0.26%	0.23%
T	C	0.57%	0.63%	0.57%
UGI	C	0.19%	0.19%	0.19%
UNP	C	0.67%	0.68%	0.67%
V	C	1.54%	1.4%	1.4%
VICI	C	0.2%	0.23%	0.2%
VZ	B	0.62%	0.68%	0.62%
XOM	C	1.12%	1.12%	1.12%

FQAL Overweight 80 Positions Relative to FVAL

Symbol	Grade	Weight
LLY	C	2.24%
AVGO	C	2.07%
MA	B	1.45%
ADBE	F	1.17%
COST	B	1.06%
PGR	B	1.02%
SPGI	B	0.99%
LOW	B	0.99%
VRTX	D	0.92%
ZTS	C	0.92%
VEEV	C	0.9%
PANW	D	0.89%
BX	B	0.88%
AMAT	D	0.87%
CME	C	0.85%
NFLX	B	0.84%
IDXX	C	0.83%
FICO	B	0.82%
ACGL	C	0.8%
MCO	B	0.8%
ORLY	C	0.8%
GRMN	D	0.79%
KO	C	0.79%
KLAC	D	0.79%
AZO	D	0.78%
LRCX	F	0.75%
YUM	D	0.75%
AMP	A	0.74%
MSCI	C	0.73%
CPAY	B	0.72%
MTD	D	0.71%
ABNB	D	0.69%
WSM	D	0.68%
DPZ	F	0.68%
KNSL	C	0.67%
MEDP	F	0.66%
CBSH	C	0.63%
PM	C	0.63%
EWBC	D	0.62%
CFR	C	0.61%
QLYS	F	0.56%
CTAS	B	0.54%
TDG	B	0.54%
ITW	C	0.51%
CSX	D	0.49%
PAYX	C	0.48%
GWW	B	0.48%
FAST	C	0.47%
AME	C	0.47%
MDLZ	B	0.46%
VRSK	D	0.46%
CPRT	D	0.44%
OTIS	C	0.44%
CL	D	0.43%
ODFL	D	0.42%
SO	B	0.38%
TTD	B	0.38%
AMT	C	0.34%
CEG	C	0.32%
MNST	D	0.31%
SHW	B	0.31%
HSY	C	0.3%
WMB	B	0.28%
ECL	B	0.26%
WEC	C	0.26%
VST	C	0.25%
LNG	C	0.24%
EXR	B	0.21%
AVB	B	0.2%
EQR	B	0.19%
TPL	B	0.19%
MLM	D	0.18%
SBAC	C	0.18%
AM	C	0.18%
AVY	C	0.17%
ESS	B	0.17%
WHD	C	0.16%
EXP	B	0.15%
RS	D	0.15%
RGLD	C	0.15%

FQAL Underweight 80 Positions Relative to FVAL

Symbol	Grade	Weight
AMZN	C	-3.76%
BRK.A	C	-2.08%
UNH	C	-1.78%
JPM	D	-1.62%
MRK	D	-1.28%
CRM	D	-1.21%
IBM	B	-1.2%
WMT	C	-1.08%
BAC	D	-0.99%
ELV	C	-0.97%
CI	C	-0.96%
ZM	C	-0.86%
MU	F	-0.84%
WFC	D	-0.81%
CVS	D	-0.81%
CTSH	C	-0.8%
AXP	B	-0.79%
CNC	D	-0.75%
SWKS	D	-0.72%
RPRX	C	-0.7%
HPE	D	-0.69%
C	C	-0.66%
INTC	F	-0.65%
TRV	C	-0.65%
HON	D	-0.64%
DE	B	-0.62%
CMCSA	D	-0.59%
RNR	C	-0.57%
GM	C	-0.57%
COF	B	-0.57%
EBAY	B	-0.56%
UPS	D	-0.55%
EG	C	-0.54%
PRU	C	-0.54%
DFS	B	-0.53%
KVUE	C	-0.53%
F	F	-0.52%
EXPE	C	-0.52%
SYF	C	-0.51%
TGT	C	-0.5%
FDX	C	-0.49%
UAL	C	-0.48%
LVS	D	-0.48%
DAL	C	-0.47%
PCAR	D	-0.47%
CMI	C	-0.46%
OZK	D	-0.46%
G	C	-0.45%
WYNN	D	-0.45%
KR	C	-0.43%
ADM	D	-0.41%
RHI	D	-0.4%
M	F	-0.4%
AGCO	D	-0.39%
DUK	C	-0.37%
OC	D	-0.37%
ACI	F	-0.36%
BG	D	-0.36%
AEP	C	-0.3%
PARA	F	-0.29%
EXC	C	-0.28%
PCG	C	-0.28%
MPC	F	-0.27%
NEM	B	-0.27%
ATKR	F	-0.26%
CBRE	A	-0.22%
VLO	F	-0.22%
ARE	C	-0.2%
DOW	D	-0.2%
WPC	C	-0.19%
BXP	B	-0.19%
DVN	F	-0.19%
LYB	D	-0.18%
HST	C	-0.18%
JLL	B	-0.17%
MUR	F	-0.15%
STLD	F	-0.15%
CIVI	F	-0.14%
MOS	F	-0.14%
CLF	F	-0.12%