FQAL vs. QQH ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to HCM Defender 100 Index ETF (QQH)

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

$67.20

Average Daily Volume

29,895

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

QQH

HCM Defender 100 Index ETF

QQH Description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 100 Index (the HCM 100 index). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 100 index. The HCM 100 index seeks to outperform the Solactive US Technology 100 Index, a proprietary methodology.

Grade (RS Rating)

Last Trade

$66.75

Average Daily Volume

22,262

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	QQH
30 Days	1.27%	3.94%
60 Days	5.83%	9.93%
90 Days	7.57%	11.37%
12 Months	32.15%	41.84%

33 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in QQH	Overlap
AAPL	C	6.53%	11.58%	6.53%
ABNB	C	0.82%	0.24%	0.24%
ADBE	C	0.94%	1.02%	0.94%
ADP	A	0.64%	0.48%	0.48%
AMAT	F	0.87%	0.78%	0.78%
AVGO	C	2.17%	3.65%	2.17%
BKNG	A	1.16%	0.7%	0.7%
CEG	D	0.38%	0.33%	0.33%
COST	B	0.99%	1.72%	0.99%
CPRT	A	0.46%	0.18%	0.18%
CSX	B	0.49%	0.29%	0.29%
CTAS	A	0.54%	0.29%	0.29%
FAST	A	0.52%	0.19%	0.19%
GILD	C	1.09%	0.51%	0.51%
GOOGL	B	3.77%	2.08%	2.08%
IDXX	D	0.68%	0.14%	0.14%
KLAC	F	0.69%	0.36%	0.36%
LIN	D	0.53%	0.96%	0.53%
LRCX	F	0.74%	0.4%	0.4%
MDLZ	F	0.38%	0.39%	0.38%
META	B	2.62%	5.12%	2.62%
MNST	B	0.32%	0.12%	0.12%
MSFT	C	6.31%	10.65%	6.31%
NFLX	A	0.91%	1.45%	0.91%
NVDA	B	7.41%	5.66%	5.66%
ODFL	B	0.46%	0.16%	0.16%
ORLY	A	0.82%	0.28%	0.28%
PANW	A	0.94%	0.44%	0.44%
PAYX	B	0.49%	0.18%	0.18%
QCOM	F	0.96%	0.91%	0.91%
TTD	B	0.45%	0.27%	0.27%
VRSK	A	0.45%	0.17%	0.17%
VRTX	B	0.91%	0.56%	0.56%

FQAL Overweight 91 Positions Relative to QQH

Symbol	Grade	Weight
LLY	F	1.8%
V	A	1.56%
MA	B	1.44%
HD	B	1.43%
ABBV	D	1.35%
JNJ	D	1.34%
XOM	B	1.15%
MCD	C	1.09%
ACN	C	1.05%
LOW	B	0.99%
BX	A	0.99%
PGR	A	0.98%
BMY	B	0.97%
PG	C	0.92%
FICO	B	0.9%
SPGI	C	0.89%
AMP	A	0.88%
VEEV	B	0.86%
GRMN	A	0.85%
CME	A	0.82%
CAT	C	0.8%
ZTS	D	0.79%
JXN	B	0.79%
CPAY	A	0.77%
CFR	B	0.75%
EWBC	B	0.75%
AZO	C	0.74%
YUM	B	0.73%
MCO	C	0.73%
MSCI	B	0.71%
DPZ	C	0.7%
ACGL	D	0.68%
MTD	F	0.68%
CBSH	A	0.66%
QLYS	B	0.66%
KO	F	0.66%
CVX	B	0.65%
MEDP	C	0.64%
WSM	F	0.63%
UNP	C	0.62%
KNSL	C	0.61%
PM	C	0.59%
LMT	C	0.57%
VZ	C	0.54%
GWW	B	0.54%
T	A	0.54%
ITW	A	0.53%
AME	A	0.5%
TDG	B	0.5%
MMM	C	0.5%
NEE	D	0.45%
OTIS	C	0.45%
MO	A	0.41%
VST	B	0.4%
COP	C	0.4%
SO	D	0.35%
CL	F	0.34%
WMB	B	0.33%
SHW	A	0.3%
KMB	F	0.3%
TPL	B	0.3%
EOG	A	0.29%
PLD	D	0.29%
AMT	F	0.27%
NRG	B	0.27%
LNG	B	0.26%
FCX	F	0.26%
HSY	D	0.25%
WEC	B	0.25%
SPG	B	0.24%
ECL	C	0.24%
PSA	C	0.22%
NUE	C	0.2%
MLM	B	0.2%
O	D	0.2%
NFG	C	0.19%
WHD	B	0.18%
UGI	D	0.18%
EXR	D	0.18%
AVB	A	0.18%
AM	B	0.18%
CF	B	0.17%
EXP	B	0.17%
RS	B	0.17%
VICI	D	0.17%
SBAC	D	0.16%
EQR	C	0.16%
AVY	F	0.15%
RGLD	C	0.15%
ESS	C	0.15%
GLPI	D	0.14%

FQAL Underweight 64 Positions Relative to QQH

Symbol	Grade	Weight
TQQQ	B	-19.2%
AMZN	A	-4.87%
TSLA	B	-2.99%
GOOG	B	-2.08%
AMD	F	-1.04%
PEP	D	-1.03%
CSCO	A	-1.03%
CMCSA	B	-0.79%
TXN	C	-0.78%
ISRG	A	-0.76%
AMGN	F	-0.73%
INTU	A	-0.68%
HON	B	-0.59%
TMUS	A	-0.5%
SBUX	B	-0.47%
MU	D	-0.47%
ADI	F	-0.46%
INTC	C	-0.43%
MELI	D	-0.39%
PYPL	A	-0.37%
REGN	F	-0.37%
PDD	F	-0.33%
CDNS	B	-0.32%
SNPS	B	-0.31%
MRVL	B	-0.3%
CRWD	B	-0.27%
MAR	A	-0.27%
ADSK	A	-0.25%
NXPI	F	-0.24%
PCAR	B	-0.23%
ROP	A	-0.23%
FTNT	B	-0.22%
AEP	D	-0.22%
ROST	F	-0.2%
WDAY	B	-0.19%
EA	A	-0.17%
MCHP	F	-0.17%
BKR	B	-0.17%
EXC	C	-0.16%
CHTR	B	-0.16%
XEL	A	-0.16%
CTSH	A	-0.16%
LULU	C	-0.15%
TEAM	B	-0.14%
GEHC	F	-0.14%
EBAY	C	-0.14%
FANG	D	-0.13%
ON	F	-0.13%
ILMN	C	-0.12%
BIIB	F	-0.12%
KDP	D	-0.12%
CSGP	D	-0.12%
KHC	F	-0.11%
DXCM	C	-0.11%
ANSS	B	-0.11%
DDOG	B	-0.11%
WBD	B	-0.09%
MRNA	F	-0.08%
DLTR	F	-0.06%
ALGN	F	-0.06%
CCEP	C	-0.06%
BNTX	D	-0.04%
SMCI	F	-0.03%
GFS	C	-0.01%