FQAL vs. QQEW ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

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

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$130.64

Average Daily Volume

54,606

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	QQEW
30 Days	2.60%	4.45%
60 Days	4.35%	5.07%
90 Days	5.86%	5.05%
12 Months	30.56%	20.64%

33 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in QQEW	Overlap
AAPL	C	6.62%	0.96%	0.96%
ABNB	C	0.75%	0.98%	0.75%
ADBE	C	0.97%	0.97%	0.97%
ADP	B	0.64%	1.05%	0.64%
AMAT	F	0.77%	0.93%	0.77%
AVGO	D	2.0%	0.96%	0.96%
BKNG	A	1.21%	1.17%	1.17%
CEG	D	0.36%	0.85%	0.36%
COST	B	1.01%	0.98%	0.98%
CPRT	A	0.48%	1.07%	0.48%
CSX	B	0.49%	0.98%	0.49%
CTAS	B	0.55%	1.02%	0.55%
FAST	B	0.53%	1.11%	0.53%
GILD	C	1.0%	1.05%	1.0%
GOOGL	C	3.69%	0.52%	0.52%
IDXX	F	0.67%	0.8%	0.67%
KLAC	D	0.64%	0.82%	0.64%
LIN	D	0.52%	0.92%	0.52%
LRCX	F	0.67%	0.93%	0.67%
MDLZ	F	0.38%	0.85%	0.38%
META	D	2.51%	0.99%	0.99%
MNST	C	0.31%	1.05%	0.31%
MSFT	F	6.3%	0.94%	0.94%
NFLX	A	0.97%	1.15%	0.97%
NVDA	C	7.24%	1.21%	1.21%
ODFL	B	0.45%	1.11%	0.45%
ORLY	B	0.84%	1.06%	0.84%
PANW	C	0.96%	1.11%	0.96%
PAYX	C	0.49%	1.05%	0.49%
QCOM	F	0.91%	0.93%	0.91%
TTD	B	0.41%	1.1%	0.41%
VRSK	A	0.46%	1.04%	0.46%
VRTX	F	0.86%	1.0%	0.86%

FQAL Overweight 91 Positions Relative to QQEW

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 QQEW

Symbol	Grade	Weight
TEAM	A	-1.47%
TSLA	B	-1.25%
LULU	C	-1.21%
DASH	A	-1.19%
MRVL	B	-1.18%
FTNT	C	-1.18%
TTWO	A	-1.17%
ZS	C	-1.16%
CHTR	C	-1.15%
WBD	C	-1.15%
BKR	B	-1.15%
TMUS	B	-1.14%
EA	A	-1.13%
PCAR	B	-1.12%
MAR	B	-1.11%
DDOG	A	-1.1%
INTC	D	-1.1%
ADSK	A	-1.1%
CRWD	B	-1.1%
HON	B	-1.09%
PDD	F	-1.08%
CSCO	B	-1.07%
PYPL	B	-1.07%
AMZN	C	-1.06%
ISRG	A	-1.06%
CDNS	B	-1.06%
MU	D	-1.05%
WDAY	B	-1.05%
SNPS	B	-1.04%
CMCSA	B	-1.04%
ILMN	D	-1.04%
GFS	C	-1.04%
INTU	C	-1.04%
XEL	A	-1.03%
DXCM	D	-1.02%
ANSS	B	-1.02%
CTSH	B	-1.02%
MDB	C	-1.01%
SBUX	A	-0.99%
FANG	D	-0.97%
ROP	B	-0.97%
TXN	C	-0.97%
ARM	D	-0.94%
PEP	F	-0.93%
NXPI	D	-0.93%
CSGP	D	-0.93%
CCEP	C	-0.93%
ON	D	-0.92%
EXC	C	-0.91%
ADI	D	-0.9%
ROST	C	-0.89%
DLTR	F	-0.88%
AEP	D	-0.88%
GEHC	F	-0.88%
KHC	F	-0.87%
KDP	D	-0.86%
MELI	D	-0.86%
AMD	F	-0.85%
ASML	F	-0.84%
AMGN	D	-0.84%
MCHP	D	-0.82%
AZN	D	-0.8%
BIIB	F	-0.79%
CDW	F	-0.77%
REGN	F	-0.66%
MRNA	F	-0.58%
GOOG	C	-0.52%
SMCI	F	-0.38%