FQAL vs. IEDI ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to iShares Evolved U.S. Discretionary Spending ETF (IEDI)

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

$65.04

Average Daily Volume

32,352

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.76

Average Daily Volume

3,141

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	IEDI
30 Days	4.46%	5.06%
60 Days	10.73%	12.47%
90 Days	4.98%	6.98%
12 Months	34.32%	38.77%

23 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in IEDI	Overlap
AAPL	C	6.81%	0.14%	0.14%
ABNB	D	0.74%	0.43%	0.43%
AZO	D	0.79%	1.48%	0.79%
CL	D	0.41%	0.11%	0.11%
COST	C	1.0%	8.74%	1.0%
CPRT	B	0.45%	0.36%	0.36%
CTAS	C	0.52%	0.86%	0.52%
DPZ	D	0.7%	0.45%	0.45%
FAST	C	0.47%	0.21%	0.21%
GWW	B	0.49%	0.23%	0.23%
HD	A	1.49%	12.26%	1.49%
LOW	C	1.03%	4.23%	1.03%
MA	A	1.43%	0.38%	0.38%
MCD	A	1.17%	1.65%	1.17%
META	A	2.61%	0.59%	0.59%
NFLX	A	0.84%	0.11%	0.11%
ORLY	A	0.81%	2.44%	0.81%
PG	D	1.02%	0.53%	0.53%
V	B	1.46%	0.74%	0.74%
VICI	C	0.19%	0.09%	0.09%
WSM	C	0.75%	0.63%	0.63%
YUM	C	0.77%	0.81%	0.77%
ZTS	C	0.92%	0.02%	0.02%

FQAL Overweight 101 Positions Relative to IEDI

Symbol	Grade	Weight
MSFT	D	6.61%
NVDA	B	6.3%
GOOGL	B	3.57%
AVGO	B	2.13%
LLY	D	2.06%
JNJ	D	1.44%
ABBV	C	1.37%
XOM	A	1.14%
ACN	B	1.06%
BKNG	B	1.05%
ADBE	F	1.01%
PGR	B	1.0%
QCOM	D	0.99%
GILD	A	0.97%
SPGI	C	0.96%
AMAT	C	0.95%
BMY	A	0.94%
BX	C	0.91%
VRTX	D	0.87%
PANW	B	0.85%
CME	A	0.84%
VEEV	C	0.84%
KLAC	B	0.83%
FICO	C	0.83%
IDXX	D	0.83%
LRCX	D	0.81%
ACGL	A	0.8%
CAT	A	0.79%
MCO	D	0.78%
KO	C	0.78%
AMP	A	0.78%
MTD	C	0.75%
MSCI	B	0.74%
GRMN	D	0.73%
CPAY	A	0.72%
JXN	A	0.68%
KNSL	B	0.66%
UNP	F	0.65%
CFR	B	0.63%
CVX	B	0.63%
EWBC	B	0.63%
VZ	C	0.62%
MEDP	F	0.62%
LMT	A	0.62%
PM	D	0.6%
CBSH	D	0.6%
ADP	A	0.59%
QLYS	F	0.58%
LIN	C	0.57%
T	B	0.56%
TDG	A	0.55%
ITW	C	0.54%
MMM	C	0.54%
NEE	C	0.53%
OTIS	A	0.49%
CSX	D	0.49%
PAYX	B	0.47%
AME	C	0.47%
MDLZ	D	0.45%
VRSK	D	0.44%
ODFL	F	0.42%
CEG	A	0.42%
MO	D	0.41%
TTD	A	0.39%
COP	D	0.39%
SO	A	0.38%
VST	A	0.36%
PLD	D	0.34%
KMB	D	0.34%
AMT	D	0.32%
SHW	C	0.31%
MNST	D	0.31%
EOG	B	0.3%
HSY	D	0.29%
FCX	B	0.29%
WMB	A	0.28%
NRG	A	0.27%
WEC	B	0.26%
ECL	C	0.26%
PSA	C	0.25%
LNG	A	0.24%
O	C	0.23%
SPG	A	0.23%
TPL	A	0.21%
UGI	C	0.2%
NFG	A	0.2%
EXR	D	0.2%
AM	A	0.19%
AVB	C	0.19%
NUE	D	0.19%
CF	A	0.18%
MLM	F	0.18%
AVY	D	0.17%
EQR	C	0.17%
SBAC	C	0.17%
RS	D	0.16%
EXP	C	0.16%
ESS	D	0.16%
WHD	A	0.16%
GLPI	C	0.15%
RGLD	C	0.15%

FQAL Underweight 177 Positions Relative to IEDI

Symbol	Grade	Weight
AMZN	C	-7.95%
WMT	A	-7.6%
TJX	D	-4.06%
CMG	C	-3.38%
ROST	D	-2.1%
TGT	C	-2.09%
SBUX	B	-1.84%
NKE	D	-1.57%
MAR	A	-1.14%
HLT	A	-1.06%
UBER	C	-1.02%
TSCO	A	-1.01%
KR	C	-0.96%
ULTA	D	-0.87%
DASH	A	-0.77%
DRI	C	-0.75%
BURL	C	-0.69%
DG	F	-0.68%
WING	C	-0.55%
DLTR	F	-0.54%
DKS	D	-0.54%
DECK	B	-0.54%
FERG	F	-0.53%
INTU	F	-0.49%
CASY	D	-0.46%
TXRH	A	-0.44%
SQ	D	-0.43%
RCL	B	-0.43%
FND	C	-0.41%
PYPL	A	-0.38%
SFM	A	-0.36%
STZ	D	-0.33%
BBY	C	-0.33%
SYY	D	-0.33%
KMX	F	-0.33%
DIS	D	-0.31%
CVNA	A	-0.29%
DKNG	C	-0.29%
BJ	B	-0.28%
PLNT	B	-0.27%
CHDN	C	-0.26%
CAVA	B	-0.26%
USFD	C	-0.24%
OLLI	C	-0.24%
EXPE	B	-0.24%
BBWI	F	-0.24%
TPR	B	-0.22%
EBAY	A	-0.21%
MUSA	D	-0.21%
CROX	C	-0.2%
FIVE	D	-0.2%
LAD	C	-0.2%
PFGC	A	-0.2%
CCL	C	-0.19%
RH	C	-0.19%
GAP	F	-0.18%
WH	C	-0.18%
POOL	D	-0.18%
ASO	D	-0.17%
HRB	C	-0.17%
LUV	B	-0.17%
MGM	D	-0.17%
BOOT	B	-0.17%
GDDY	B	-0.16%
LYV	A	-0.16%
MCK	F	-0.16%
UPS	D	-0.16%
MTN	D	-0.15%
HST	D	-0.15%
TOL	C	-0.15%
TOST	B	-0.15%
ACI	F	-0.15%
FDX	F	-0.14%
AN	D	-0.14%
ARMK	C	-0.14%
SKX	B	-0.14%
TPX	C	-0.14%
CZR	B	-0.14%
TSN	D	-0.14%
MAS	C	-0.13%
NCLH	C	-0.13%
PINS	D	-0.13%
RL	B	-0.13%
KTB	C	-0.13%
ABG	D	-0.12%
SIG	C	-0.12%
CPRI	C	-0.12%
FRPT	A	-0.12%
M	D	-0.12%
W	C	-0.12%
EAT	A	-0.12%
ELF	F	-0.11%
BYD	B	-0.11%
Z	C	-0.11%
GPC	D	-0.11%
SCI	D	-0.11%
AEO	C	-0.11%
SHOO	A	-0.11%
WYNN	B	-0.11%
SHAK	A	-0.11%
ANF	D	-0.1%
H	B	-0.1%
CHH	A	-0.1%
VVV	D	-0.1%
PH	A	-0.1%
BFAM	C	-0.1%
VFC	A	-0.1%
DHI	C	-0.09%
URBN	F	-0.09%
LULU	D	-0.09%
WEN	B	-0.09%
CRI	D	-0.09%
SITE	D	-0.09%
DUOL	B	-0.09%
WBA	F	-0.08%
PZZA	D	-0.08%
FCFS	F	-0.08%
RHP	B	-0.08%
JWN	D	-0.08%
FLO	D	-0.08%
IPG	D	-0.08%
LNW	F	-0.07%
RRR	D	-0.07%
TNL	B	-0.07%
FL	F	-0.07%
GME	D	-0.07%
KSS	D	-0.07%
UAL	A	-0.07%
ETSY	F	-0.07%
ALK	C	-0.07%
MSGS	A	-0.06%
GO	F	-0.06%
MTCH	B	-0.06%
COLM	B	-0.06%
AAP	F	-0.06%
LANC	F	-0.06%
CAKE	A	-0.06%
LYFT	D	-0.06%
SNAP	D	-0.06%
VAC	D	-0.05%
RHI	D	-0.05%
HGV	F	-0.05%
HON	C	-0.05%
INVH	D	-0.05%
COTY	F	-0.05%
IAC	C	-0.05%
MAT	B	-0.05%
ROL	C	-0.05%
APLE	B	-0.04%
MSM	D	-0.04%
CBRL	D	-0.04%
TKO	A	-0.04%
AAL	D	-0.04%
BLMN	F	-0.04%
IPAR	D	-0.03%
UHAL	C	-0.03%
JACK	F	-0.03%
DDS	D	-0.03%
TTWO	D	-0.03%
CHE	D	-0.03%
HOOD	B	-0.03%
GIS	C	-0.03%
OMC	C	-0.03%
FOUR	A	-0.03%
PRKS	C	-0.03%
PVH	D	-0.02%
CAR	D	-0.02%
MIDD	D	-0.02%
OXM	F	-0.02%
PK	D	-0.02%
CLX	C	-0.02%
DRVN	C	-0.02%
BLD	D	-0.02%
LOPE	D	-0.02%
MKC	C	-0.02%
VSTS	D	-0.02%
SNA	C	-0.01%