FQAL vs. IMCG ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to iShares Morningstar Mid-Cap Growth ETF (IMCG)

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

IMCG

iShares Morningstar Mid-Cap Growth ETF

IMCG Description

The investment seeks to track the investment results of the MorningstarÂ® US Mid Cap Broad Growth IndexSM composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited above-average "growth" characteristics as determined by Morningstar, Inc.'s ("Morningstar" or the "index provider") proprietary index methodology.

Grade (RS Rating)

Last Trade

$79.81

Average Daily Volume

132,538

Number of Holdings ^*

299

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	IMCG
30 Days	2.60%	8.56%
60 Days	4.35%	9.96%
90 Days	5.86%	12.47%
12 Months	30.56%	34.97%

38 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in IMCG	Overlap
ACGL	D	0.71%	0.21%	0.21%
AME	A	0.52%	0.78%	0.52%
AMP	A	0.92%	0.65%	0.65%
AVB	B	0.19%	0.28%	0.19%
AVY	D	0.15%	0.14%	0.14%
AZO	C	0.75%	0.92%	0.75%
CPAY	A	0.82%	0.33%	0.33%
CPRT	A	0.48%	0.86%	0.48%
DPZ	C	0.69%	0.26%	0.26%
EQR	B	0.17%	0.18%	0.17%
ESS	B	0.16%	0.16%	0.16%
EXR	D	0.19%	0.21%	0.19%
FAST	B	0.53%	0.82%	0.53%
FICO	B	0.96%	0.97%	0.96%
GRMN	B	0.86%	0.36%	0.36%
GWW	B	0.55%	0.92%	0.55%
HSY	F	0.25%	0.24%	0.24%
IDXX	F	0.67%	0.61%	0.61%
KMB	D	0.31%	0.28%	0.28%
LNG	B	0.28%	0.26%	0.26%
MEDP	D	0.57%	0.14%	0.14%
MLM	B	0.19%	0.63%	0.19%
MSCI	C	0.75%	0.82%	0.75%
MTD	D	0.58%	0.44%	0.44%
NRG	B	0.27%	0.12%	0.12%
O	D	0.21%	0.29%	0.21%
ODFL	B	0.45%	0.72%	0.45%
OTIS	C	0.45%	0.42%	0.42%
PAYX	C	0.49%	0.81%	0.49%
PSA	D	0.23%	0.44%	0.23%
SBAC	D	0.16%	0.42%	0.16%
TPL	A	0.31%	0.46%	0.31%
TTD	B	0.41%	0.92%	0.41%
VEEV	C	0.84%	0.55%	0.55%
VRSK	A	0.46%	0.7%	0.46%
VST	B	0.43%	0.5%	0.43%
WSM	B	0.63%	0.18%	0.18%
YUM	B	0.72%	0.65%	0.65%

FQAL Overweight 86 Positions Relative to IMCG

Symbol	Grade	Weight
NVDA	C	7.24%
AAPL	C	6.62%
MSFT	F	6.3%
GOOGL	C	3.69%
META	D	2.51%
AVGO	D	2.0%
LLY	F	1.72%
V	A	1.61%
HD	A	1.5%
MA	C	1.48%
JNJ	D	1.35%
BKNG	A	1.21%
XOM	B	1.16%
ABBV	D	1.14%
MCD	D	1.11%
BX	A	1.05%
ACN	C	1.05%
BMY	B	1.02%
LOW	D	1.02%
COST	B	1.01%
PGR	A	1.0%
GILD	C	1.0%
PG	A	0.98%
ADBE	C	0.97%
NFLX	A	0.97%
PANW	C	0.96%
SPGI	C	0.92%
QCOM	F	0.91%
VRTX	F	0.86%
CME	A	0.85%
ORLY	B	0.84%
ZTS	D	0.81%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
AMAT	F	0.77%
MCO	B	0.76%
ABNB	C	0.75%
JXN	C	0.74%
CBSH	A	0.71%
CVX	A	0.68%
LRCX	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%
T	A	0.57%
LMT	D	0.56%
VZ	C	0.56%
CTAS	B	0.55%
ITW	B	0.54%
LIN	D	0.52%
MMM	D	0.5%
TDG	D	0.49%
CSX	B	0.49%
NEE	D	0.47%
MO	A	0.44%
COP	C	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%
PLD	D	0.3%
SHW	A	0.3%
AMT	D	0.27%
WEC	A	0.26%
SPG	B	0.25%
FCX	D	0.24%
ECL	D	0.24%
NFG	A	0.2%
AM	A	0.19%
UGI	A	0.19%
WHD	B	0.18%
VICI	C	0.18%
NUE	C	0.18%
RS	B	0.17%
CF	B	0.17%
EXP	A	0.16%
RGLD	C	0.15%
GLPI	C	0.14%

FQAL Underweight 261 Positions Relative to IMCG

Symbol	Grade	Weight
PLTR	B	-2.29%
ADSK	A	-1.12%
FTNT	C	-1.07%
HLT	A	-1.06%
COIN	C	-1.05%
APP	B	-1.05%
WDAY	B	-0.96%
DASH	A	-0.91%
GEV	B	-0.82%
PWR	A	-0.82%
SQ	B	-0.81%
HWM	A	-0.8%
ROST	C	-0.8%
VRT	B	-0.76%
AXON	A	-0.75%
DLR	B	-0.74%
IR	B	-0.72%
HES	B	-0.71%
EW	C	-0.71%
IT	C	-0.7%
RCL	A	-0.66%
TEAM	A	-0.66%
VMC	B	-0.65%
A	D	-0.65%
DDOG	A	-0.65%
SYY	B	-0.65%
CARR	D	-0.64%
MSTR	C	-0.63%
LULU	C	-0.62%
WAB	B	-0.6%
HUBS	A	-0.6%
RMD	C	-0.6%
JCI	C	-0.58%
CMI	A	-0.58%
ROK	B	-0.57%
ARES	A	-0.54%
DXCM	D	-0.53%
EFX	F	-0.53%
ALNY	D	-0.52%
TTWO	A	-0.51%
CSGP	D	-0.51%
XYL	D	-0.51%
ANSS	B	-0.5%
EA	A	-0.49%
FCNCA	A	-0.48%
NEM	D	-0.47%
MPWR	F	-0.47%
BR	A	-0.47%
CHD	B	-0.47%
BRO	B	-0.47%
NET	B	-0.47%
DECK	A	-0.47%
RBLX	C	-0.46%
URI	B	-0.46%
TRV	B	-0.45%
TYL	B	-0.44%
DFS	B	-0.44%
CBRE	B	-0.43%
GDDY	A	-0.43%
CDW	F	-0.42%
TEL	B	-0.42%
HUBB	B	-0.41%
LPLA	A	-0.41%
EME	C	-0.41%
PTC	A	-0.4%
WST	C	-0.4%
COR	B	-0.39%
IQV	D	-0.39%
ALL	A	-0.38%
BKR	B	-0.38%
STE	F	-0.38%
D	C	-0.37%
TSCO	D	-0.37%
ILMN	D	-0.37%
CSL	C	-0.36%
STZ	D	-0.36%
MDB	C	-0.35%
DOV	A	-0.34%
FSLR	F	-0.34%
INVH	D	-0.34%
LII	A	-0.34%
LVS	C	-0.34%
PCG	A	-0.33%
LYV	A	-0.33%
CPNG	D	-0.33%
IBKR	A	-0.33%
TRGP	B	-0.32%
WSO	A	-0.32%
PODD	C	-0.32%
RJF	A	-0.32%
FDS	B	-0.32%
FTV	C	-0.32%
ZS	C	-0.32%
TRU	D	-0.32%
DAL	C	-0.32%
NTRA	B	-0.31%
NTNX	A	-0.3%
IRM	D	-0.3%
BURL	A	-0.3%
FWONK	B	-0.3%
IEX	B	-0.3%
CTVA	C	-0.3%
HOOD	B	-0.29%
MANH	D	-0.29%
WTW	B	-0.28%
FIX	A	-0.28%
DOCU	A	-0.28%
DD	D	-0.28%
HEI	B	-0.28%
TWLO	A	-0.28%
SUI	D	-0.27%
EQT	B	-0.27%
VRSN	F	-0.27%
BAH	F	-0.26%
ROL	B	-0.26%
EL	F	-0.26%
PSTG	D	-0.26%
TW	A	-0.26%
ZBRA	B	-0.26%
DELL	C	-0.26%
GGG	B	-0.26%
COO	D	-0.25%
HAL	C	-0.25%
MCHP	D	-0.25%
VLTO	D	-0.25%
DT	C	-0.25%
GEHC	F	-0.25%
WAT	B	-0.24%
MKL	A	-0.24%
SAIA	B	-0.24%
PFGC	B	-0.23%
AWK	D	-0.23%
DOW	F	-0.23%
NDSN	B	-0.23%
CLX	B	-0.23%
CLH	B	-0.22%
NTAP	C	-0.22%
JKHY	D	-0.22%
PNR	A	-0.22%
KEYS	A	-0.21%
EXPE	B	-0.21%
GPN	B	-0.21%
NBIX	C	-0.21%
LECO	B	-0.21%
OKTA	C	-0.21%
BMRN	D	-0.21%
TDY	B	-0.21%
NVT	B	-0.21%
AMH	D	-0.21%
KIM	A	-0.21%
NDAQ	A	-0.21%
KDP	D	-0.21%
XPO	B	-0.2%
SNAP	C	-0.2%
EBAY	D	-0.2%
HEI	B	-0.2%
PPG	F	-0.2%
PHM	D	-0.2%
TRMB	B	-0.2%
RPM	A	-0.2%
ZBH	C	-0.2%
DAY	B	-0.2%
J	F	-0.2%
TECH	D	-0.19%
ALGN	D	-0.19%
LW	C	-0.19%
FND	C	-0.19%
TTEK	F	-0.19%
WRB	A	-0.19%
BALL	D	-0.19%
PAYC	B	-0.19%
ON	D	-0.18%
BLDR	D	-0.18%
ERIE	D	-0.18%
CASY	A	-0.18%
DKNG	B	-0.18%
SRPT	D	-0.17%
MOH	F	-0.17%
CHDN	B	-0.17%
MKC	D	-0.17%
DRI	B	-0.17%
ACM	A	-0.16%
GEN	B	-0.16%
TSN	B	-0.16%
VTR	C	-0.16%
ENTG	D	-0.16%
MORN	B	-0.16%
CINF	A	-0.16%
EXAS	D	-0.16%
WMS	D	-0.16%
SMCI	F	-0.16%
JBHT	C	-0.16%
WING	D	-0.16%
PINS	D	-0.16%
ULTA	F	-0.15%
LUV	C	-0.15%
WYNN	D	-0.15%
LDOS	C	-0.15%
TER	D	-0.14%
TXT	D	-0.14%
JBL	B	-0.14%
ELS	C	-0.14%
ENPH	F	-0.14%
UDR	B	-0.14%
AVTR	F	-0.14%
ALLE	D	-0.13%
GPC	D	-0.13%
MAS	D	-0.13%
USFD	A	-0.13%
CTRA	B	-0.13%
CNM	D	-0.13%
POOL	C	-0.12%
KMX	B	-0.12%
AZPN	A	-0.12%
SCI	B	-0.12%
INCY	C	-0.12%
EPAM	C	-0.12%
MAA	B	-0.12%
CMS	C	-0.12%
SWK	D	-0.11%
CRL	C	-0.11%
AOS	F	-0.11%
BSY	D	-0.11%
APTV	D	-0.11%
RRX	B	-0.11%
ALB	C	-0.11%
SNA	A	-0.11%
BLD	D	-0.11%
UHS	D	-0.1%
CPT	B	-0.1%
FFIV	B	-0.1%
TOL	B	-0.1%
RVTY	F	-0.1%
DLTR	F	-0.1%
PCOR	B	-0.1%
AKAM	D	-0.1%
FLEX	A	-0.09%
U	C	-0.09%
DKS	C	-0.09%
MRNA	F	-0.09%
CE	F	-0.08%
HII	D	-0.08%
BJ	A	-0.08%
REG	B	-0.08%
ARE	D	-0.08%
BRKR	D	-0.08%
AFG	A	-0.07%
DVA	B	-0.07%
CCK	C	-0.07%
MGM	D	-0.07%
CELH	F	-0.07%
TFX	F	-0.06%
QRVO	F	-0.06%
UHAL	D	-0.05%
HRL	D	-0.05%
WTRG	B	-0.05%
COTY	F	-0.04%
ALAB	B	-0.04%
FWONA	B	-0.03%
WLK	D	-0.03%
UHAL	D	-0.0%