FQAL vs. IWP ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to iShares Russell Midcap Growth ETF (IWP)

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

$66.83

Average Daily Volume

29,902

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index 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. It seeks to track the investment results of the Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$129.11

Average Daily Volume

938,432

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	IWP
30 Days	1.49%	6.69%
60 Days	5.24%	13.66%
90 Days	6.80%	15.17%
12 Months	30.99%	37.26%

27 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in IWP	Overlap
AM	B	0.18%	0.06%	0.06%
AMP	A	0.88%	1.61%	0.88%
AVY	F	0.15%	0.2%	0.15%
CPAY	A	0.77%	0.8%	0.77%
DPZ	C	0.7%	0.18%	0.18%
EXP	B	0.17%	0.25%	0.17%
FAST	B	0.52%	1.29%	0.52%
FICO	B	0.9%	1.5%	0.9%
GWW	B	0.54%	1.45%	0.54%
HSY	F	0.25%	0.11%	0.11%
IDXX	F	0.68%	1.14%	0.68%
KNSL	C	0.61%	0.32%	0.32%
LNG	B	0.26%	0.77%	0.26%
MEDP	D	0.64%	0.3%	0.3%
MLM	B	0.2%	0.07%	0.07%
MSCI	B	0.71%	0.85%	0.71%
NRG	C	0.27%	0.26%	0.26%
ODFL	B	0.46%	1.42%	0.46%
PAYX	B	0.49%	0.55%	0.49%
SPG	A	0.24%	0.47%	0.24%
TPL	B	0.3%	0.83%	0.3%
TTD	B	0.45%	1.77%	0.45%
VEEV	B	0.86%	1.11%	0.86%
VRSK	A	0.45%	1.3%	0.45%
VST	B	0.4%	1.56%	0.4%
WSM	F	0.63%	0.31%	0.31%
YUM	B	0.73%	0.47%	0.47%

FQAL Overweight 97 Positions Relative to IWP

Symbol	Grade	Weight
NVDA	A	7.41%
AAPL	C	6.53%
MSFT	C	6.31%
GOOGL	C	3.77%
META	B	2.62%
AVGO	C	2.17%
LLY	F	1.8%
V	A	1.56%
MA	B	1.44%
HD	B	1.43%
ABBV	F	1.35%
JNJ	D	1.34%
BKNG	A	1.16%
XOM	B	1.15%
GILD	B	1.09%
MCD	C	1.09%
ACN	B	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	B	0.94%
PG	C	0.92%
VRTX	B	0.91%
NFLX	A	0.91%
SPGI	C	0.89%
AMAT	F	0.87%
GRMN	A	0.85%
CME	B	0.82%
ORLY	A	0.82%
ABNB	C	0.82%
CAT	B	0.8%
ZTS	D	0.79%
JXN	C	0.79%
CFR	B	0.75%
EWBC	B	0.75%
AZO	B	0.74%
LRCX	F	0.74%
MCO	C	0.73%
KLAC	F	0.69%
ACGL	C	0.68%
MTD	F	0.68%
CBSH	A	0.66%
QLYS	B	0.66%
KO	F	0.66%
CVX	A	0.65%
ADP	A	0.64%
UNP	D	0.62%
PM	B	0.59%
LMT	D	0.57%
VZ	D	0.54%
CTAS	B	0.54%
T	A	0.54%
ITW	B	0.53%
LIN	D	0.53%
AME	A	0.5%
TDG	D	0.5%
MMM	C	0.5%
CSX	B	0.49%
CPRT	A	0.46%
NEE	D	0.45%
OTIS	D	0.45%
MO	A	0.41%
COP	C	0.4%
MDLZ	F	0.38%
CEG	D	0.38%
SO	D	0.35%
CL	F	0.34%
WMB	B	0.33%
MNST	B	0.32%
SHW	A	0.3%
KMB	D	0.3%
EOG	A	0.29%
PLD	D	0.29%
AMT	F	0.27%
FCX	F	0.26%
WEC	B	0.25%
ECL	C	0.24%
PSA	D	0.22%
NUE	D	0.2%
O	D	0.2%
NFG	D	0.19%
WHD	B	0.18%
UGI	D	0.18%
EXR	D	0.18%
AVB	B	0.18%
CF	B	0.17%
RS	C	0.17%
VICI	D	0.17%
SBAC	D	0.16%
EQR	C	0.16%
RGLD	C	0.15%
ESS	C	0.15%
GLPI	D	0.14%

FQAL Underweight 259 Positions Relative to IWP

Symbol	Grade	Weight
PLTR	B	-3.76%
APP	B	-2.43%
COIN	B	-1.44%
VRT	B	-1.44%
AXON	B	-1.39%
TRGP	B	-1.35%
IT	B	-1.32%
COR	B	-1.32%
DDOG	B	-1.19%
MPWR	F	-1.14%
HUBS	B	-1.03%
ALNY	D	-1.0%
TSCO	D	-1.0%
ARES	B	-1.0%
HLT	A	-1.0%
DXCM	C	-0.9%
CPNG	B	-0.9%
NET	B	-0.88%
RBLX	B	-0.86%
DECK	B	-0.85%
HES	B	-0.82%
GDDY	B	-0.8%
SYY	D	-0.77%
BR	A	-0.77%
BAH	C	-0.75%
LPLA	A	-0.74%
EXPE	B	-0.73%
TYL	B	-0.72%
MDB	C	-0.66%
CLX	A	-0.66%
LII	B	-0.65%
IRM	D	-0.64%
LYV	A	-0.62%
PODD	B	-0.6%
RCL	A	-0.59%
DKNG	B	-0.58%
LVS	C	-0.57%
ZS	B	-0.57%
MANH	C	-0.56%
CAH	B	-0.56%
XPO	B	-0.56%
SQ	B	-0.56%
PINS	F	-0.56%
HEI	A	-0.53%
TOST	A	-0.53%
BURL	C	-0.53%
DOCU	B	-0.52%
FIX	B	-0.52%
TER	F	-0.51%
ENTG	F	-0.51%
ULTA	C	-0.51%
DT	C	-0.5%
NTRA	B	-0.49%
PWR	B	-0.47%
WST	B	-0.46%
ROL	C	-0.45%
URI	B	-0.45%
PSTG	D	-0.45%
WAT	B	-0.44%
PTC	B	-0.44%
POOL	D	-0.44%
CDW	F	-0.43%
TXRH	A	-0.42%
EQH	B	-0.41%
NBIX	C	-0.4%
MOH	F	-0.39%
SMCI	F	-0.39%
NCLH	B	-0.38%
VLTO	D	-0.38%
BRO	B	-0.38%
DUOL	A	-0.38%
HEI	A	-0.37%
NTAP	D	-0.37%
OWL	B	-0.37%
CAVA	C	-0.36%
ROST	D	-0.35%
SRPT	F	-0.35%
DRI	B	-0.34%
WING	D	-0.32%
VMC	B	-0.32%
RMD	C	-0.32%
CHDN	B	-0.32%
MUSA	B	-0.31%
ALGN	D	-0.31%
PCTY	B	-0.3%
CVNA	B	-0.3%
LNW	F	-0.3%
MORN	B	-0.3%
ITCI	B	-0.3%
EME	B	-0.3%
AAON	B	-0.3%
TPX	B	-0.29%
EXEL	B	-0.28%
PEN	C	-0.28%
HPQ	B	-0.28%
ENPH	F	-0.28%
SAIA	B	-0.27%
ALL	B	-0.26%
HAS	D	-0.25%
TREX	C	-0.25%
PCOR	B	-0.24%
SMAR	A	-0.24%
DVA	C	-0.24%
ESTC	C	-0.23%
GTLB	B	-0.23%
VKTX	F	-0.23%
GWRE	A	-0.23%
RYAN	B	-0.23%
GLOB	B	-0.23%
PAYC	B	-0.23%
BSY	F	-0.22%
LSCC	D	-0.21%
FDS	A	-0.21%
ELF	C	-0.21%
CFLT	B	-0.21%
EFX	F	-0.21%
FOUR	B	-0.2%
WFRD	F	-0.2%
FWONK	A	-0.19%
LAZ	C	-0.19%
TW	B	-0.19%
OKTA	C	-0.18%
GNRC	B	-0.18%
CNM	D	-0.18%
VVV	B	-0.18%
MTN	C	-0.18%
IONS	F	-0.18%
INSP	F	-0.18%
APPF	B	-0.17%
NTNX	B	-0.16%
MKL	A	-0.16%
LPX	A	-0.16%
PATH	C	-0.16%
CELH	F	-0.16%
RARE	F	-0.15%
AZEK	B	-0.15%
OLED	F	-0.14%
ZBRA	B	-0.14%
AJG	A	-0.14%
LYFT	B	-0.14%
IQV	F	-0.14%
PLNT	A	-0.14%
JLL	C	-0.13%
BRKR	F	-0.13%
ETSY	D	-0.13%
WMS	F	-0.12%
MASI	B	-0.12%
EXAS	F	-0.12%
FIVE	F	-0.12%
HCP	A	-0.12%
LW	B	-0.12%
FND	F	-0.12%
RPM	A	-0.12%
PEGA	B	-0.12%
LECO	C	-0.11%
CHH	B	-0.11%
JEF	B	-0.11%
GEHC	D	-0.11%
TWLO	B	-0.1%
RNG	C	-0.1%
APLS	F	-0.1%
LBRDK	C	-0.09%
MSTR	B	-0.09%
TTEK	F	-0.09%
FIVN	C	-0.09%
U	F	-0.09%
EXPD	C	-0.09%
CSL	B	-0.09%
FERG	B	-0.09%
HWM	B	-0.09%
LAMR	D	-0.09%
ROK	B	-0.09%
TDC	F	-0.09%
UHAL	D	-0.09%
CE	F	-0.08%
SITE	D	-0.08%
EG	D	-0.08%
CASY	B	-0.08%
BROS	B	-0.07%
NXST	C	-0.07%
PR	C	-0.07%
WSC	F	-0.07%
SOFI	B	-0.07%
NCNO	B	-0.07%
CACC	D	-0.07%
ONTO	F	-0.07%
AWI	B	-0.07%
BWXT	B	-0.07%
FRPT	B	-0.07%
PFGC	B	-0.06%
BILL	B	-0.06%
BLDR	C	-0.06%
DBX	B	-0.06%
CLF	F	-0.06%
ALLY	C	-0.05%
CIVI	D	-0.05%
EQT	B	-0.05%
DV	C	-0.05%
HRB	D	-0.05%
VNOM	C	-0.05%
LOPE	B	-0.05%
WEN	C	-0.05%
TXG	F	-0.04%
CROX	F	-0.04%
RGEN	C	-0.04%
DJT	C	-0.04%
TRU	D	-0.04%
S	B	-0.04%
JBL	C	-0.04%
DAY	B	-0.04%
TKO	D	-0.04%
SN	C	-0.04%
TPG	B	-0.04%
ROKU	C	-0.04%
INCY	B	-0.03%
EPAM	B	-0.03%
KBR	D	-0.03%
KMX	B	-0.03%
CHE	D	-0.03%
LOAR	C	-0.03%
HLI	B	-0.03%
BLD	F	-0.03%
RH	C	-0.03%
YETI	D	-0.03%
H	B	-0.03%
BFAM	F	-0.03%
VRSN	C	-0.03%
DKS	D	-0.03%
SPR	F	-0.02%
MTDR	B	-0.02%
DOCS	B	-0.02%
SAM	B	-0.02%
UI	B	-0.02%
CAR	C	-0.02%
FWONA	B	-0.02%
WYNN	C	-0.02%
WH	A	-0.02%
AAL	B	-0.02%
BPOP	C	-0.02%
SKX	F	-0.02%
WEX	D	-0.02%
SSD	F	-0.02%
FTRE	D	-0.01%
PPC	C	-0.01%
CC	C	-0.01%
UHAL	D	-0.01%
SEE	C	-0.01%
NFE	F	-0.01%
IRDM	B	-0.01%
MSGS	B	-0.01%
LBRDA	C	-0.01%
CGNX	C	-0.01%
UWMC	F	-0.01%
RLI	A	-0.01%
WU	F	-0.01%
MKSI	C	-0.01%
ALAB	C	-0.0%
TRIP	D	-0.0%
PYCR	B	-0.0%