FQAL vs. HUSV ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to First Trust Horizon Managed Volatility Domestic ETF (HUSV)

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

$67.17

Average Daily Volume

29,895

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

HUSV

First Trust Horizon Managed Volatility Domestic ETF

HUSV Description

The First Trust Horizon Managed Volatility Domestic ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks of domestic companies listed and traded on U.S. national securities exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Grade (RS Rating)

Last Trade

$38.88

Average Daily Volume

5,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	HUSV
30 Days	1.27%	1.02%
60 Days	5.83%	2.79%
90 Days	7.57%	6.18%
12 Months	32.15%	21.84%

29 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in HUSV	Overlap
ABBV	D	1.35%	0.57%	0.57%
ADP	A	0.64%	1.35%	0.64%
AVB	A	0.18%	0.81%	0.18%
AVY	F	0.15%	1.12%	0.15%
AZO	C	0.74%	0.5%	0.5%
CL	F	0.34%	2.16%	0.34%
CME	A	0.82%	1.19%	0.82%
CTAS	A	0.54%	1.14%	0.54%
ECL	C	0.24%	0.61%	0.24%
EQR	C	0.16%	0.82%	0.16%
HD	B	1.43%	0.38%	0.38%
ITW	A	0.53%	1.87%	0.53%
JNJ	D	1.34%	1.42%	1.34%
KO	F	0.66%	2.26%	0.66%
LIN	D	0.53%	2.07%	0.53%
LMT	C	0.57%	1.91%	0.57%
MA	B	1.44%	1.33%	1.33%
MCD	C	1.09%	1.34%	1.09%
MO	A	0.41%	1.17%	0.41%
MSFT	C	6.31%	2.08%	2.08%
O	D	0.2%	0.63%	0.2%
ORLY	A	0.82%	0.83%	0.82%
PG	C	0.92%	1.77%	0.92%
PM	C	0.59%	1.38%	0.59%
SPGI	C	0.89%	0.9%	0.89%
UNP	C	0.62%	0.8%	0.62%
V	A	1.56%	1.29%	1.29%
WMB	B	0.33%	1.01%	0.33%
YUM	B	0.73%	1.21%	0.73%

FQAL Overweight 95 Positions Relative to HUSV

Symbol	Grade	Weight
NVDA	B	7.41%
AAPL	C	6.53%
GOOGL	B	3.77%
META	B	2.62%
AVGO	C	2.17%
LLY	F	1.8%
BKNG	A	1.16%
XOM	B	1.15%
GILD	C	1.09%
ACN	C	1.05%
LOW	B	0.99%
COST	B	0.99%
BX	A	0.99%
PGR	A	0.98%
BMY	B	0.97%
QCOM	F	0.96%
ADBE	C	0.94%
PANW	A	0.94%
VRTX	B	0.91%
NFLX	A	0.91%
FICO	B	0.9%
AMP	A	0.88%
AMAT	F	0.87%
VEEV	B	0.86%
GRMN	A	0.85%
ABNB	C	0.82%
CAT	C	0.8%
ZTS	D	0.79%
JXN	B	0.79%
CPAY	A	0.77%
CFR	B	0.75%
EWBC	B	0.75%
LRCX	F	0.74%
MCO	C	0.73%
MSCI	B	0.71%
DPZ	C	0.7%
KLAC	F	0.69%
IDXX	D	0.68%
ACGL	D	0.68%
MTD	F	0.68%
CBSH	A	0.66%
QLYS	B	0.66%
CVX	B	0.65%
MEDP	C	0.64%
WSM	F	0.63%
KNSL	C	0.61%
VZ	C	0.54%
GWW	B	0.54%
T	A	0.54%
FAST	A	0.52%
AME	A	0.5%
TDG	B	0.5%
MMM	C	0.5%
CSX	B	0.49%
PAYX	B	0.49%
ODFL	B	0.46%
CPRT	A	0.46%
NEE	D	0.45%
VRSK	A	0.45%
OTIS	C	0.45%
TTD	B	0.45%
VST	B	0.4%
COP	C	0.4%
MDLZ	F	0.38%
CEG	D	0.38%
SO	D	0.35%
MNST	B	0.32%
SHW	A	0.3%
KMB	F	0.3%
TPL	B	0.3%
EOG	A	0.29%
PLD	D	0.29%
AMT	F	0.27%
NRG	B	0.27%
LNG	B	0.26%
FCX	F	0.26%
HSY	D	0.25%
WEC	B	0.25%
SPG	B	0.24%
PSA	C	0.22%
NUE	C	0.2%
MLM	B	0.2%
NFG	C	0.19%
WHD	B	0.18%
UGI	D	0.18%
EXR	D	0.18%
AM	B	0.18%
CF	B	0.17%
EXP	B	0.17%
RS	B	0.17%
VICI	D	0.17%
SBAC	D	0.16%
RGLD	C	0.15%
ESS	C	0.15%
GLPI	D	0.14%

FQAL Underweight 45 Positions Relative to HUSV

Symbol	Grade	Weight
BRK.A	B	-2.49%
RSG	A	-2.47%
PTC	B	-2.4%
MMC	C	-2.35%
MSI	B	-2.33%
ROP	A	-2.26%
CSCO	A	-2.23%
CTSH	A	-2.08%
VRSN	C	-1.92%
L	A	-1.82%
TDY	A	-1.82%
FE	D	-1.81%
ICE	D	-1.76%
ATO	A	-1.76%
IBM	C	-1.71%
KMI	B	-1.52%
TMUS	A	-1.46%
NI	A	-1.46%
PPL	A	-1.4%
KDP	D	-1.35%
FI	A	-1.35%
EVRG	A	-1.33%
DUK	D	-1.3%
HON	B	-1.26%
PEP	D	-1.23%
COR	A	-1.12%
CMS	C	-1.12%
TJX	B	-1.03%
WTW	A	-1.03%
GD	A	-1.0%
EA	A	-0.97%
RTX	C	-0.92%
ABT	C	-0.89%
ED	D	-0.88%
WM	A	-0.85%
OKE	A	-0.83%
HOLX	D	-0.79%
BSX	A	-0.79%
NOC	C	-0.74%
WELL	B	-0.74%
MDT	D	-0.67%
BDX	D	-0.66%
HLT	A	-0.65%
SYK	A	-0.59%
LYB	F	-0.54%