FQAL vs. LVOL ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to American Century Low Volatility ETF (LVOL)

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

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$56.03

Average Daily Volume

251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	LVOL
30 Days	2.60%	2.27%
60 Days	4.35%	3.47%
90 Days	5.86%	5.50%
12 Months	30.56%	22.98%

39 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in LVOL	Overlap
AAPL	C	6.62%	7.05%	6.62%
ABBV	D	1.14%	0.25%	0.25%
ACN	C	1.05%	2.47%	1.05%
ADP	B	0.64%	0.31%	0.31%
AMP	A	0.92%	0.71%	0.71%
AVB	B	0.19%	0.24%	0.19%
AVY	D	0.15%	0.18%	0.15%
BKNG	A	1.21%	0.2%	0.2%
BMY	B	1.02%	0.27%	0.27%
CL	D	0.36%	0.84%	0.36%
COST	B	1.01%	1.75%	1.01%
CTAS	B	0.55%	1.79%	0.55%
ECL	D	0.24%	0.92%	0.24%
FAST	B	0.53%	0.54%	0.53%
GOOGL	C	3.69%	2.35%	2.35%
GWW	B	0.55%	0.54%	0.54%
HD	A	1.5%	2.43%	1.5%
ITW	B	0.54%	0.8%	0.54%
JNJ	D	1.35%	2.1%	1.35%
KMB	D	0.31%	0.5%	0.31%
KO	D	0.66%	0.19%	0.19%
LIN	D	0.52%	2.43%	0.52%
LOW	D	1.02%	0.69%	0.69%
MA	C	1.48%	2.64%	1.48%
MCD	D	1.11%	0.53%	0.53%
MCO	B	0.76%	0.85%	0.76%
MDLZ	F	0.38%	0.18%	0.18%
MNST	C	0.31%	0.18%	0.18%
MSCI	C	0.75%	0.17%	0.17%
MSFT	F	6.3%	7.69%	6.3%
OTIS	C	0.45%	0.38%	0.38%
PAYX	C	0.49%	1.32%	0.49%
PG	A	0.98%	2.59%	0.98%
PSA	D	0.23%	0.56%	0.23%
SHW	A	0.3%	1.0%	0.3%
SPGI	C	0.92%	1.54%	0.92%
V	A	1.61%	3.17%	1.61%
VRSK	A	0.46%	0.46%	0.46%
YUM	B	0.72%	0.43%	0.43%

FQAL Overweight 85 Positions Relative to LVOL

Symbol	Grade	Weight
NVDA	C	7.24%
META	D	2.51%
AVGO	D	2.0%
LLY	F	1.72%
XOM	B	1.16%
BX	A	1.05%
PGR	A	1.0%
GILD	C	1.0%
ADBE	C	0.97%
NFLX	A	0.97%
FICO	B	0.96%
PANW	C	0.96%
QCOM	F	0.91%
VRTX	F	0.86%
GRMN	B	0.86%
CME	A	0.85%
ORLY	B	0.84%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
AMAT	F	0.77%
AZO	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
ACGL	D	0.71%
CBSH	A	0.71%
DPZ	C	0.69%
CVX	A	0.68%
LRCX	F	0.67%
IDXX	F	0.67%
KNSL	B	0.65%
QLYS	C	0.64%
KLAC	D	0.64%
WSM	B	0.63%
PM	B	0.63%
UNP	C	0.61%
MTD	D	0.58%
MEDP	D	0.57%
T	A	0.57%
LMT	D	0.56%
VZ	C	0.56%
AME	A	0.52%
MMM	D	0.5%
TDG	D	0.49%
CSX	B	0.49%
CPRT	A	0.48%
NEE	D	0.47%
ODFL	B	0.45%
MO	A	0.44%
VST	B	0.43%
COP	C	0.41%
TTD	B	0.41%
SO	D	0.36%
CEG	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
TPL	A	0.31%
PLD	D	0.3%
LNG	B	0.28%
NRG	B	0.27%
AMT	D	0.27%
WEC	A	0.26%
SPG	B	0.25%
HSY	F	0.25%
FCX	D	0.24%
O	D	0.21%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
MLM	B	0.19%
WHD	B	0.18%
VICI	C	0.18%
NUE	C	0.18%
RS	B	0.17%
EQR	B	0.17%
CF	B	0.17%
SBAC	D	0.16%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%
GLPI	C	0.14%

FQAL Underweight 59 Positions Relative to LVOL

Symbol	Grade	Weight
AMZN	C	-2.9%
CSCO	B	-2.61%
BRK.A	B	-2.48%
APH	A	-1.93%
MMC	B	-1.82%
MDT	D	-1.67%
INTU	C	-1.53%
CTSH	B	-1.49%
MRK	F	-1.45%
ABT	B	-1.33%
HON	B	-1.32%
PTC	A	-1.26%
DOX	D	-1.23%
BSX	B	-1.08%
PEP	F	-1.03%
RSG	A	-1.01%
FI	A	-0.99%
GD	F	-0.9%
MSI	B	-0.88%
WM	A	-0.85%
WMT	A	-0.83%
DOV	A	-0.79%
ADSK	A	-0.77%
ROP	B	-0.76%
EA	A	-0.75%
GOOG	C	-0.74%
TDY	B	-0.67%
CB	C	-0.65%
HIG	B	-0.64%
BLK	C	-0.63%
SYK	C	-0.57%
NDSN	B	-0.55%
CRM	B	-0.52%
IT	C	-0.46%
CMCSA	B	-0.41%
IBM	C	-0.4%
SNA	A	-0.4%
NTAP	C	-0.37%
PH	A	-0.36%
NOW	A	-0.35%
IEX	B	-0.33%
BR	A	-0.3%
PKG	A	-0.24%
CMI	A	-0.24%
ZBH	C	-0.22%
HOLX	D	-0.2%
MAS	D	-0.19%
FDS	B	-0.18%
VRSN	F	-0.18%
FFIV	B	-0.16%
TROW	B	-0.16%
HLT	A	-0.15%
AMGN	D	-0.14%
JKHY	D	-0.14%
CW	B	-0.12%
GGG	B	-0.08%
LSTR	D	-0.08%
DCI	B	-0.08%
CHE	D	-0.07%