FQAL vs. LRND ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to IQ U.S. Large Cap R&D Leaders ETF (LRND)

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

LRND

IQ U.S. Large Cap R&D Leaders ETF

LRND Description

IQ U.S. Large Cap R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the IQ U.S. Large Cap R&D Leaders Index, by using full replication technique. IQ U.S. Large Cap R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.24

Average Daily Volume

365

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	LRND
30 Days	1.99%	2.38%
60 Days	4.59%	1.49%
90 Days	4.90%	1.85%
12 Months	28.74%	30.82%

25 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in LRND	Overlap
AAPL	C	6.81%	6.45%	6.45%
ABBV	C	1.39%	1.65%	1.39%
ABNB	D	0.69%	0.28%	0.28%
ACN	C	1.08%	0.29%	0.29%
ADBE	F	1.17%	0.73%	0.73%
AMAT	D	0.87%	0.49%	0.49%
AVGO	C	2.07%	1.49%	1.49%
BMY	C	0.91%	2.23%	0.91%
CAT	B	0.7%	0.45%	0.45%
GILD	B	0.98%	1.35%	0.98%
GOOGL	D	3.44%	7.86%	3.44%
JNJ	C	1.5%	3.37%	1.5%
KLAC	D	0.79%	0.23%	0.23%
LLY	C	2.24%	2.03%	2.03%
LMT	C	0.62%	0.36%	0.36%
LRCX	F	0.75%	0.26%	0.26%
META	B	2.47%	6.45%	2.47%
MMM	B	0.53%	0.46%	0.46%
MSFT	C	6.74%	5.35%	5.35%
NFLX	B	0.84%	0.54%	0.54%
NVDA	D	6.31%	1.77%	1.77%
PANW	D	0.89%	0.37%	0.37%
PG	C	1.04%	0.41%	0.41%
QCOM	D	0.98%	1.36%	0.98%
VRTX	D	0.92%	0.7%	0.7%

FQAL Overweight 99 Positions Relative to LRND

Symbol	Grade	Weight
V	C	1.54%
MA	B	1.45%
HD	B	1.43%
MCD	B	1.15%
XOM	C	1.12%
COST	B	1.06%
PGR	B	1.02%
SPGI	B	0.99%
LOW	B	0.99%
BKNG	C	0.98%
ZTS	C	0.92%
VEEV	C	0.9%
BX	B	0.88%
CME	C	0.85%
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%
AZO	D	0.78%
YUM	D	0.75%
AMP	A	0.74%
MSCI	C	0.73%
CPAY	B	0.72%
MTD	D	0.71%
WSM	D	0.68%
DPZ	F	0.68%
KNSL	C	0.67%
UNP	C	0.67%
MEDP	F	0.66%
JXN	A	0.63%
CBSH	C	0.63%
PM	C	0.63%
EWBC	D	0.62%
VZ	B	0.62%
ADP	B	0.62%
CFR	C	0.61%
CVX	D	0.61%
LIN	B	0.57%
T	C	0.57%
QLYS	F	0.56%
CTAS	B	0.54%
TDG	B	0.54%
NEE	C	0.53%
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%
MO	C	0.43%
ODFL	D	0.42%
COP	D	0.39%
SO	B	0.38%
TTD	B	0.38%
PLD	C	0.36%
AMT	C	0.34%
KMB	D	0.34%
CEG	C	0.32%
MNST	D	0.31%
SHW	B	0.31%
HSY	C	0.3%
EOG	D	0.29%
WMB	B	0.28%
PSA	B	0.26%
ECL	B	0.26%
WEC	C	0.26%
VST	C	0.25%
O	C	0.24%
NRG	C	0.24%
FCX	D	0.24%
LNG	C	0.24%
SPG	B	0.23%
EXR	B	0.21%
AVB	B	0.2%
VICI	C	0.2%
NFG	B	0.2%
EQR	B	0.19%
UGI	C	0.19%
TPL	B	0.19%
MLM	D	0.18%
SBAC	C	0.18%
NUE	F	0.18%
AM	C	0.18%
AVY	C	0.17%
ESS	B	0.17%
GLPI	C	0.16%
WHD	C	0.16%
CF	C	0.16%
EXP	B	0.15%
RS	D	0.15%
RGLD	C	0.15%

FQAL Underweight 74 Positions Relative to LRND

Symbol	Grade	Weight
AMZN	C	-8.48%
MRK	D	-4.46%
PFE	C	-2.21%
INTC	F	-2.04%
ORCL	C	-2.02%
GM	C	-1.9%
IBM	B	-1.71%
CSCO	C	-1.62%
F	F	-1.47%
AMD	D	-1.12%
AMGN	B	-1.08%
TSLA	C	-1.08%
CRM	D	-1.04%
REGN	C	-0.9%
PYPL	B	-0.68%
UBER	C	-0.65%
RTX	C	-0.64%
BA	F	-0.62%
MDT	C	-0.6%
ABT	C	-0.6%
WDAY	D	-0.57%
INTU	C	-0.56%
SQ	D	-0.56%
NOW	B	-0.52%
EA	D	-0.5%
RIVN	F	-0.48%
DE	B	-0.46%
DELL	D	-0.44%
MRNA	F	-0.43%
GE	B	-0.43%
TEAM	D	-0.41%
MU	F	-0.4%
MRVL	C	-0.39%
HPE	D	-0.38%
TXN	C	-0.38%
SPOT	B	-0.36%
EBAY	B	-0.36%
BIIB	F	-0.36%
RBLX	B	-0.34%
DHR	B	-0.34%
CMI	C	-0.33%
ALNY	C	-0.33%
INCY	C	-0.33%
SNPS	D	-0.33%
ADI	C	-0.31%
BSX	B	-0.31%
LCID	C	-0.31%
WDC	D	-0.31%
ILMN	C	-0.31%
ADSK	C	-0.3%
CTVA	B	-0.29%
EXPE	C	-0.29%
HPQ	D	-0.29%
SYK	C	-0.28%
TMO	B	-0.28%
NOC	B	-0.28%
GEHC	C	-0.27%
HON	D	-0.27%
U	D	-0.26%
CDNS	D	-0.25%
JNPR	B	-0.25%
SNOW	F	-0.25%
DASH	C	-0.24%
EXEL	C	-0.24%
BDX	D	-0.23%
APTV	D	-0.23%
ISRG	B	-0.23%
GLW	C	-0.22%
CNH	D	-0.21%
NTAP	D	-0.19%
MCHP	F	-0.18%
DDOG	D	-0.18%
EW	F	-0.16%
PINS	F	-0.14%