FQAL vs. SPHQ ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to PowerShares S&P 500 High Quality Portfolio (SPHQ)

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

$64.52

Average Daily Volume

32,065

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

SPHQ

PowerShares S&P 500 High Quality Portfolio

SPHQ Description

The PowerShares S&P 500Â® High Quality Portfolio (Fund) is based on the S&P 500Â® High Quality Rankings Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide exposure to the constituents of the S&P 500 Index that are identified as stocks reflecting long-term growth and stability of a company's earnings and dividends. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$66.77

Average Daily Volume

1,015,542

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	SPHQ
30 Days	1.34%	0.48%
60 Days	6.79%	6.38%
90 Days	4.53%	4.15%
12 Months	32.75%	35.02%

36 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in SPHQ	Overlap
AAPL	C	6.81%	5.04%	5.04%
ACGL	A	0.8%	0.46%	0.46%
ADBE	F	1.01%	2.88%	1.01%
ADP	A	0.59%	1.87%	0.59%
AMAT	D	0.95%	1.8%	0.95%
AMP	A	0.78%	0.71%	0.71%
AVGO	C	2.13%	5.26%	2.13%
CAT	A	0.79%	1.96%	0.79%
COST	C	1.0%	4.23%	1.0%
CTAS	C	0.52%	0.72%	0.52%
FAST	C	0.47%	0.52%	0.47%
GWW	A	0.49%	0.53%	0.49%
HSY	D	0.29%	0.28%	0.28%
IDXX	D	0.83%	0.49%	0.49%
ITW	B	0.54%	1.12%	0.54%
JNJ	C	1.44%	5.32%	1.44%
KLAC	D	0.83%	1.28%	0.83%
KMB	B	0.34%	0.55%	0.34%
LMT	A	0.62%	1.76%	0.62%
LRCX	F	0.81%	1.13%	0.81%
MA	A	1.43%	5.22%	1.43%
MCO	C	0.78%	0.76%	0.76%
MDLZ	C	0.45%	1.03%	0.45%
MLM	D	0.18%	0.41%	0.18%
MNST	D	0.31%	0.38%	0.31%
MSFT	C	6.61%	4.67%	4.67%
NFLX	C	0.84%	3.6%	0.84%
PANW	D	0.85%	1.06%	0.85%
PAYX	A	0.47%	0.61%	0.47%
PG	C	1.02%	4.05%	1.02%
PGR	C	1.0%	1.63%	1.0%
QCOM	D	0.99%	2.36%	0.99%
SHW	B	0.31%	1.0%	0.31%
V	C	1.46%	4.96%	1.46%
VRSK	D	0.44%	0.42%	0.42%
ZTS	B	0.92%	0.83%	0.83%

FQAL Overweight 88 Positions Relative to SPHQ

Symbol	Grade	Weight
NVDA	C	6.3%
GOOGL	C	3.57%
META	A	2.61%
LLY	D	2.06%
HD	A	1.49%
ABBV	A	1.37%
MCD	A	1.17%
XOM	B	1.14%
ACN	B	1.06%
BKNG	C	1.05%
LOW	A	1.03%
GILD	A	0.97%
SPGI	C	0.96%
BMY	B	0.94%
BX	C	0.91%
VRTX	D	0.87%
CME	A	0.84%
VEEV	C	0.84%
FICO	C	0.83%
ORLY	A	0.81%
AZO	D	0.79%
KO	B	0.78%
YUM	B	0.77%
MTD	B	0.75%
WSM	C	0.75%
MSCI	B	0.74%
ABNB	D	0.74%
GRMN	D	0.73%
CPAY	A	0.72%
DPZ	D	0.7%
JXN	B	0.68%
KNSL	D	0.66%
UNP	C	0.65%
CFR	D	0.63%
CVX	D	0.63%
EWBC	D	0.63%
VZ	A	0.62%
MEDP	F	0.62%
PM	B	0.6%
CBSH	D	0.6%
QLYS	F	0.58%
LIN	B	0.57%
T	A	0.56%
TDG	A	0.55%
MMM	B	0.54%
NEE	A	0.53%
OTIS	A	0.49%
CSX	D	0.49%
AME	D	0.47%
CPRT	B	0.45%
ODFL	D	0.42%
CEG	B	0.42%
CL	D	0.41%
MO	B	0.41%
TTD	C	0.39%
COP	D	0.39%
SO	A	0.38%
VST	A	0.36%
PLD	D	0.34%
AMT	C	0.32%
EOG	D	0.3%
FCX	B	0.29%
WMB	A	0.28%
NRG	A	0.27%
WEC	A	0.26%
ECL	A	0.26%
PSA	C	0.25%
LNG	D	0.24%
O	A	0.23%
SPG	A	0.23%
TPL	B	0.21%
UGI	C	0.2%
NFG	A	0.2%
EXR	C	0.2%
AM	A	0.19%
AVB	C	0.19%
NUE	D	0.19%
VICI	C	0.19%
CF	A	0.18%
AVY	B	0.17%
EQR	C	0.17%
SBAC	B	0.17%
RS	D	0.16%
EXP	C	0.16%
ESS	C	0.16%
WHD	B	0.16%
GLPI	B	0.15%
RGLD	C	0.15%

FQAL Underweight 62 Positions Relative to SPHQ

Symbol	Grade	Weight
PEP	D	-2.42%
CSCO	A	-2.34%
GE	C	-2.13%
INTU	F	-1.73%
TJX	C	-1.54%
NKE	D	-1.17%
ADSK	C	-0.77%
EMR	B	-0.73%
MPC	F	-0.62%
IT	C	-0.62%
MCHP	F	-0.53%
ROST	C	-0.51%
LEN	B	-0.49%
CMI	B	-0.49%
TEL	D	-0.48%
CNC	F	-0.47%
GEHC	B	-0.45%
KVUE	C	-0.45%
VLO	F	-0.44%
A	B	-0.41%
ROK	D	-0.38%
SYY	B	-0.37%
EBAY	A	-0.35%
CTSH	C	-0.35%
VMC	D	-0.34%
DD	B	-0.33%
CDW	D	-0.32%
LULU	D	-0.32%
EA	D	-0.32%
ADM	D	-0.31%
NVR	A	-0.31%
BALL	B	-0.3%
VLTO	C	-0.28%
BLDR	B	-0.27%
DECK	C	-0.26%
K	B	-0.26%
KEYS	C	-0.26%
BR	B	-0.25%
LYB	D	-0.25%
CLX	B	-0.24%
BAX	D	-0.24%
TROW	D	-0.24%
ULTA	D	-0.23%
EXPD	B	-0.22%
STE	D	-0.22%
CINF	A	-0.21%
OMC	A	-0.2%
POOL	B	-0.2%
HOLX	D	-0.19%
JBL	D	-0.17%
EG	B	-0.17%
SWKS	F	-0.16%
FFIV	C	-0.14%
AOS	B	-0.13%
CHRW	A	-0.13%
JKHY	A	-0.13%
APA	F	-0.11%
MKTX	C	-0.1%
SOLV	D	-0.1%
BWA	C	-0.1%
RL	B	-0.08%
PAYC	D	-0.08%