FQAL vs. QLD ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to ProShares Ultra QQQ (QLD)

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

$64.18

Average Daily Volume

46,112

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

QLD

ProShares Ultra QQQ

QLD Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$98.72

Average Daily Volume

3,626,011

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	QLD
30 Days	1.99%	0.34%
60 Days	4.59%	1.11%
90 Days	4.90%	-1.32%
12 Months	28.74%	60.78%

33 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in QLD	Overlap
AAPL	C	6.81%	6.54%	6.54%
ABNB	D	0.69%	0.25%	0.25%
ADBE	F	1.17%	1.29%	1.17%
ADP	B	0.62%	0.56%	0.56%
AMAT	D	0.87%	0.76%	0.76%
AVGO	C	2.07%	3.63%	2.07%
BKNG	C	0.98%	0.64%	0.64%
CEG	C	0.32%	0.29%	0.29%
COST	B	1.06%	1.98%	1.06%
CPRT	D	0.44%	0.24%	0.24%
CSX	D	0.49%	0.32%	0.32%
CTAS	B	0.54%	0.41%	0.41%
FAST	C	0.47%	0.2%	0.2%
GILD	B	0.98%	0.5%	0.5%
GOOGL	D	3.44%	1.7%	1.7%
IDXX	C	0.83%	0.2%	0.2%
KLAC	D	0.79%	0.5%	0.5%
LIN	B	0.57%	1.11%	0.57%
LRCX	F	0.75%	0.5%	0.5%
MDLZ	B	0.46%	0.49%	0.46%
META	B	2.47%	3.42%	2.47%
MNST	D	0.31%	0.26%	0.26%
MSFT	C	6.74%	6.03%	6.03%
NFLX	B	0.84%	1.45%	0.84%
NVDA	D	6.31%	5.51%	5.51%
ODFL	D	0.42%	0.2%	0.2%
ORLY	C	0.8%	0.32%	0.32%
PANW	D	0.89%	0.55%	0.55%
PAYX	C	0.48%	0.24%	0.24%
QCOM	D	0.98%	0.92%	0.92%
TTD	B	0.38%	0.22%	0.22%
VRSK	D	0.46%	0.19%	0.19%
VRTX	D	0.92%	0.61%	0.61%

FQAL Overweight 91 Positions Relative to QLD

Symbol	Grade	Weight
LLY	C	2.24%
V	C	1.54%
JNJ	C	1.5%
MA	B	1.45%
HD	B	1.43%
ABBV	C	1.39%
MCD	B	1.15%
XOM	C	1.12%
ACN	C	1.08%
PG	C	1.04%
PGR	B	1.02%
SPGI	B	0.99%
LOW	B	0.99%
ZTS	C	0.92%
BMY	C	0.91%
VEEV	C	0.9%
BX	B	0.88%
CME	C	0.85%
FICO	B	0.82%
ACGL	C	0.8%
MCO	B	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%
CAT	B	0.7%
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%
LMT	C	0.62%
CFR	C	0.61%
CVX	D	0.61%
T	C	0.57%
QLYS	F	0.56%
TDG	B	0.54%
MMM	B	0.53%
NEE	C	0.53%
ITW	C	0.51%
GWW	B	0.48%
AME	C	0.47%
OTIS	C	0.44%
CL	D	0.43%
MO	C	0.43%
COP	D	0.39%
SO	B	0.38%
PLD	C	0.36%
AMT	C	0.34%
KMB	D	0.34%
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 68 Positions Relative to QLD

Symbol	Grade	Weight
AMZN	C	-3.68%
TSLA	C	-2.11%
GOOG	D	-1.64%
PEP	C	-1.2%
AMD	D	-1.2%
TMUS	C	-1.15%
CSCO	C	-0.98%
TXN	C	-0.91%
INTU	C	-0.89%
AMGN	B	-0.88%
ISRG	B	-0.86%
CMCSA	D	-0.75%
HON	D	-0.66%
REGN	C	-0.61%
SBUX	C	-0.55%
ADI	C	-0.55%
MELI	B	-0.51%
MU	F	-0.5%
INTC	F	-0.41%
SNPS	D	-0.37%
CDNS	D	-0.36%
PYPL	B	-0.36%
ASML	F	-0.36%
PDD	F	-0.32%
MRVL	C	-0.32%
MAR	C	-0.32%
CRWD	D	-0.29%
FTNT	C	-0.29%
ROP	C	-0.29%
NXPI	F	-0.29%
ADSK	C	-0.28%
WDAY	D	-0.27%
AEP	C	-0.27%
DASH	C	-0.25%
KDP	B	-0.25%
ROST	C	-0.25%
PCAR	D	-0.24%
AZN	D	-0.23%
CHTR	D	-0.23%
MCHP	F	-0.21%
KHC	C	-0.21%
GEHC	C	-0.2%
CTSH	C	-0.19%
EA	D	-0.19%
EXC	C	-0.19%
XEL	B	-0.18%
CCEP	B	-0.18%
DDOG	D	-0.17%
CSGP	D	-0.16%
BKR	C	-0.16%
FANG	D	-0.15%
ON	D	-0.15%
MRNA	F	-0.15%
LULU	D	-0.15%
ANSS	D	-0.14%
BIIB	F	-0.14%
CDW	D	-0.14%
SMCI	F	-0.13%
TTWO	C	-0.13%
TEAM	D	-0.13%
DXCM	F	-0.13%
ZS	F	-0.12%
MDB	D	-0.11%
GFS	F	-0.11%
ILMN	C	-0.1%
ARM	D	-0.08%
WBD	D	-0.08%
DLTR	F	-0.07%