FQAL vs. QQA ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Invesco QQQ Income Advantage ETF (QQA)

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

QQA

Invesco QQQ Income Advantage ETF

QQA Description

The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	QQA
30 Days	2.60%	4.30%
60 Days	4.35%	5.68%
90 Days	5.86%	6.30%
12 Months	30.56%

33 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in QQA	Overlap
AAPL	C	6.62%	6.56%	6.56%
ABNB	C	0.75%	0.29%	0.29%
ADBE	C	0.97%	1.11%	0.97%
ADP	B	0.64%	0.6%	0.6%
AMAT	F	0.77%	0.69%	0.69%
AVGO	D	2.0%	3.78%	2.0%
BKNG	A	1.21%	0.83%	0.83%
CEG	D	0.36%	0.35%	0.35%
COST	B	1.01%	1.99%	1.01%
CPRT	A	0.48%	0.27%	0.27%
CSX	B	0.49%	0.34%	0.34%
CTAS	B	0.55%	0.43%	0.43%
FAST	B	0.53%	0.23%	0.23%
GILD	C	1.0%	0.54%	0.54%
GOOGL	C	3.69%	1.94%	1.94%
IDXX	F	0.67%	0.17%	0.17%
KLAC	D	0.64%	0.41%	0.41%
LIN	D	0.52%	1.06%	0.52%
LRCX	F	0.67%	0.45%	0.45%
MDLZ	F	0.38%	0.43%	0.38%
META	D	2.51%	3.69%	2.51%
MNST	C	0.31%	0.25%	0.25%
MSFT	F	6.3%	5.91%	5.91%
NFLX	A	0.97%	1.75%	0.97%
NVDA	C	7.24%	6.68%	6.68%
ODFL	B	0.45%	0.23%	0.23%
ORLY	B	0.84%	0.35%	0.35%
PANW	C	0.96%	0.62%	0.62%
PAYX	C	0.49%	0.25%	0.25%
QCOM	F	0.91%	0.88%	0.88%
TTD	B	0.41%	0.26%	0.26%
VRSK	A	0.46%	0.2%	0.2%
VRTX	F	0.86%	0.6%	0.6%

FQAL Overweight 91 Positions Relative to QQA

Symbol	Grade	Weight
LLY	F	1.72%
V	A	1.61%
HD	A	1.5%
MA	C	1.48%
JNJ	D	1.35%
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%
PGR	A	1.0%
PG	A	0.98%
FICO	B	0.96%
AMP	A	0.92%
SPGI	C	0.92%
GRMN	B	0.86%
CME	A	0.85%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
MCO	B	0.76%
MSCI	C	0.75%
AZO	C	0.75%
JXN	C	0.74%
YUM	B	0.72%
ACGL	D	0.71%
CBSH	A	0.71%
DPZ	C	0.69%
CVX	A	0.68%
KO	D	0.66%
KNSL	B	0.65%
QLYS	C	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%
GWW	B	0.55%
ITW	B	0.54%
AME	A	0.52%
MMM	D	0.5%
TDG	D	0.49%
NEE	D	0.47%
OTIS	C	0.45%
MO	A	0.44%
VST	B	0.43%
COP	C	0.41%
CL	D	0.36%
SO	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
KMB	D	0.31%
TPL	A	0.31%
PLD	D	0.3%
SHW	A	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%
ECL	D	0.24%
PSA	D	0.23%
O	D	0.21%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
AVB	B	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%
AVY	D	0.15%
GLPI	C	0.14%

FQAL Underweight 68 Positions Relative to QQA

Symbol	Grade	Weight
AMZN	C	-4.08%
TSLA	B	-2.98%
GOOG	C	-1.86%
TMUS	B	-1.36%
CSCO	B	-1.15%
PEP	F	-1.08%
AMD	F	-1.08%
INTU	C	-0.95%
ISRG	A	-0.93%
TXN	C	-0.91%
CMCSA	B	-0.82%
AMGN	D	-0.75%
HON	B	-0.74%
SBUX	A	-0.55%
MU	D	-0.53%
ADI	D	-0.51%
INTC	D	-0.51%
MELI	D	-0.47%
PYPL	B	-0.43%
SNPS	B	-0.4%
REGN	F	-0.4%
MAR	B	-0.39%
CDNS	B	-0.39%
PDD	F	-0.38%
MRVL	B	-0.38%
CRWD	B	-0.38%
FTNT	C	-0.36%
ADSK	A	-0.32%
DASH	A	-0.32%
ASML	F	-0.31%
ROP	B	-0.29%
PCAR	B	-0.29%
CHTR	C	-0.28%
WDAY	B	-0.27%
NXPI	D	-0.27%
FANG	D	-0.26%
AEP	D	-0.25%
ROST	C	-0.23%
EA	A	-0.21%
BKR	B	-0.21%
KDP	D	-0.21%
LULU	C	-0.19%
KHC	F	-0.19%
XEL	A	-0.19%
CTSH	B	-0.19%
DDOG	A	-0.19%
EXC	C	-0.19%
TEAM	A	-0.19%
AZN	D	-0.18%
GEHC	F	-0.18%
CCEP	C	-0.17%
MCHP	D	-0.16%
ZS	C	-0.15%
DXCM	D	-0.15%
TTWO	A	-0.15%
ON	D	-0.14%
CSGP	D	-0.14%
ANSS	B	-0.14%
CDW	F	-0.12%
ILMN	D	-0.11%
WBD	C	-0.11%
GFS	C	-0.11%
BIIB	F	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%
DLTR	F	-0.07%
SMCI	F	-0.05%