FQAL vs. USMF ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to WisdomTree U.S. Multifactor Fund (USMF)

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

$67.11

Average Daily Volume

29,990

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

USMF

WisdomTree U.S. Multifactor Fund

USMF Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is generally comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors (value and quality measures) and two technical factors (momentum and correlation). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.20

Average Daily Volume

25,121

Number of Holdings ^*

199

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	USMF
30 Days	1.33%	4.81%
60 Days	4.33%	7.23%
90 Days	5.53%	7.53%
12 Months	30.15%	30.89%

29 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in USMF	Overlap
ABBV	F	1.14%	0.37%	0.37%
ADP	A	0.64%	0.41%	0.41%
AMP	A	0.92%	0.43%	0.43%
AMT	C	0.27%	0.22%	0.22%
AZO	C	0.75%	0.73%	0.73%
BMY	B	1.02%	0.36%	0.36%
CBSH	B	0.71%	0.31%	0.31%
CL	D	0.36%	0.29%	0.29%
CME	B	0.85%	0.37%	0.37%
COP	C	0.41%	0.4%	0.4%
ECL	D	0.24%	0.45%	0.24%
EOG	A	0.32%	0.42%	0.32%
EWBC	A	0.78%	0.32%	0.32%
FICO	B	0.96%	1.08%	0.96%
GILD	C	1.0%	0.43%	0.43%
GLPI	C	0.14%	0.32%	0.14%
JNJ	C	1.35%	0.42%	0.42%
KMB	C	0.31%	0.31%	0.31%
LMT	D	0.56%	0.4%	0.4%
MMM	D	0.5%	0.21%	0.21%
MO	A	0.44%	0.34%	0.34%
ORLY	B	0.84%	0.82%	0.82%
PG	C	0.98%	0.32%	0.32%
PGR	A	1.0%	0.35%	0.35%
T	A	0.57%	1.05%	0.57%
VICI	C	0.18%	0.31%	0.18%
VRSK	A	0.46%	0.38%	0.38%
VZ	C	0.56%	0.87%	0.56%
XOM	B	1.16%	0.43%	0.43%

FQAL Overweight 95 Positions Relative to USMF

Symbol	Grade	Weight
NVDA	B	7.24%
AAPL	C	6.62%
MSFT	D	6.3%
GOOGL	C	3.69%
META	D	2.51%
AVGO	D	2.0%
LLY	F	1.72%
V	A	1.61%
HD	B	1.5%
MA	B	1.48%
BKNG	A	1.21%
MCD	D	1.11%
BX	A	1.05%
ACN	B	1.05%
LOW	C	1.02%
COST	A	1.01%
ADBE	C	0.97%
NFLX	A	0.97%
PANW	B	0.96%
SPGI	C	0.92%
QCOM	F	0.91%
VRTX	D	0.86%
GRMN	B	0.86%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
CAT	B	0.77%
CFR	B	0.77%
AMAT	F	0.77%
MCO	B	0.76%
MSCI	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
YUM	D	0.72%
ACGL	C	0.71%
DPZ	C	0.69%
CVX	A	0.68%
LRCX	F	0.67%
IDXX	F	0.67%
KO	D	0.66%
KNSL	B	0.65%
QLYS	B	0.64%
KLAC	F	0.64%
WSM	C	0.63%
PM	B	0.63%
UNP	C	0.61%
MTD	F	0.58%
MEDP	D	0.57%
CTAS	B	0.55%
GWW	B	0.55%
ITW	B	0.54%
FAST	B	0.53%
AME	A	0.52%
LIN	C	0.52%
TDG	D	0.49%
CSX	C	0.49%
PAYX	B	0.49%
CPRT	B	0.48%
NEE	C	0.47%
OTIS	C	0.45%
ODFL	C	0.45%
VST	A	0.43%
TTD	B	0.41%
MDLZ	F	0.38%
SO	C	0.36%
CEG	C	0.36%
WMB	A	0.34%
MNST	C	0.31%
TPL	A	0.31%
PLD	F	0.3%
SHW	B	0.3%
LNG	A	0.28%
NRG	B	0.27%
WEC	A	0.26%
SPG	A	0.25%
HSY	F	0.25%
FCX	F	0.24%
PSA	C	0.23%
O	C	0.21%
NFG	A	0.2%
AM	A	0.19%
EXR	C	0.19%
UGI	C	0.19%
AVB	B	0.19%
MLM	C	0.19%
WHD	B	0.18%
NUE	C	0.18%
RS	B	0.17%
EQR	C	0.17%
CF	A	0.17%
SBAC	D	0.16%
ESS	B	0.16%
EXP	B	0.16%
RGLD	C	0.15%
AVY	F	0.15%

FQAL Underweight 170 Positions Relative to USMF

Symbol	Grade	Weight
APP	B	-1.61%
MSI	B	-1.52%
GDDY	A	-1.49%
VRSN	C	-1.43%
CTSH	B	-1.38%
ROP	B	-1.35%
TDY	B	-1.34%
IBM	C	-1.32%
FFIV	B	-1.31%
TMUS	B	-1.29%
SNX	D	-1.17%
TYL	B	-1.12%
EA	A	-1.11%
FOXA	A	-1.09%
ZM	C	-1.07%
GEN	B	-1.03%
DBX	B	-1.02%
DOCU	B	-1.02%
CVLT	B	-1.01%
JNPR	D	-1.0%
CRM	B	-0.99%
AKAM	D	-0.96%
CMCSA	B	-0.93%
HPQ	B	-0.93%
DT	D	-0.92%
NYT	D	-0.88%
FTNT	C	-0.88%
TJX	A	-0.85%
DIS	B	-0.82%
TXRH	B	-0.81%
WDAY	B	-0.81%
DRI	B	-0.79%
NTAP	C	-0.79%
EPAM	B	-0.76%
IPG	D	-0.75%
MUSA	B	-0.74%
LVS	B	-0.7%
ARMK	B	-0.69%
EBAY	D	-0.68%
INFA	D	-0.66%
NTNX	B	-0.64%
GM	C	-0.63%
HRB	D	-0.6%
EXPE	B	-0.53%
LDOS	C	-0.52%
CRUS	D	-0.5%
COR	B	-0.49%
FSLR	F	-0.48%
MCK	A	-0.46%
EHC	B	-0.44%
CAH	B	-0.44%
EXEL	B	-0.43%
CACI	D	-0.43%
HOLX	D	-0.42%
WM	B	-0.42%
BSX	A	-0.42%
FI	A	-0.42%
UTHR	C	-0.41%
DGX	A	-0.41%
ETR	B	-0.4%
INGR	C	-0.4%
RSG	A	-0.4%
ABT	B	-0.4%
IBKR	A	-0.4%
RJF	A	-0.4%
ADTN	A	-0.4%
BR	A	-0.39%
JPM	A	-0.39%
L	A	-0.39%
DOV	A	-0.39%
ANF	F	-0.39%
HIG	B	-0.39%
WFC	A	-0.39%
GPK	C	-0.38%
LH	B	-0.38%
UNM	A	-0.38%
ZBH	C	-0.38%
BRK.A	B	-0.37%
PPC	C	-0.37%
PCAR	B	-0.37%
ALSN	B	-0.37%
CCK	D	-0.37%
CHE	D	-0.37%
TRV	B	-0.37%
ALL	A	-0.36%
BRO	B	-0.36%
AIZ	A	-0.36%
LHX	C	-0.36%
ACI	C	-0.36%
SSNC	B	-0.36%
CINF	A	-0.36%
RLI	A	-0.36%
MRO	B	-0.35%
AFL	B	-0.35%
PRI	B	-0.35%
ORI	A	-0.35%
WMT	A	-0.35%
CNA	C	-0.35%
GAP	C	-0.35%
VOYA	B	-0.35%
J	D	-0.34%
RGA	A	-0.34%
AIG	B	-0.34%
AXP	A	-0.34%
OGE	A	-0.34%
BERY	C	-0.34%
EME	A	-0.34%
KR	B	-0.34%
MSA	F	-0.34%
MRK	D	-0.34%
MLI	B	-0.34%
WRB	A	-0.33%
CBOE	C	-0.33%
NTRS	A	-0.33%
MKL	A	-0.33%
HAL	C	-0.33%
SYF	B	-0.32%
MTB	A	-0.32%
VTRS	A	-0.32%
TAP	C	-0.32%
VLO	C	-0.32%
ELS	C	-0.32%
PCG	A	-0.31%
SYY	D	-0.31%
DE	B	-0.31%
NNN	C	-0.31%
HCA	F	-0.31%
DVN	F	-0.31%
UHS	D	-0.31%
TMO	F	-0.31%
BAH	F	-0.31%
ELV	F	-0.3%
SAIC	F	-0.3%
FRT	B	-0.3%
POST	C	-0.3%
REYN	D	-0.3%
PNW	A	-0.3%
DUK	C	-0.3%
LPX	B	-0.29%
RYAN	A	-0.29%
SFM	A	-0.29%
MPC	D	-0.29%
MTG	C	-0.29%
CRS	B	-0.29%
THC	D	-0.28%
FCNCA	A	-0.28%
CI	D	-0.28%
MAS	D	-0.28%
REGN	F	-0.28%
EIX	B	-0.28%
AEP	C	-0.27%
GIS	D	-0.27%
WPC	C	-0.27%
DVA	C	-0.27%
CAG	F	-0.26%
FDX	B	-0.26%
KHC	F	-0.26%
NBIX	C	-0.25%
CNC	D	-0.25%
DINO	D	-0.25%
FCN	F	-0.24%
PYPL	B	-0.23%
HALO	F	-0.23%
PAYC	B	-0.23%
HII	F	-0.23%
APA	D	-0.22%
BMRN	F	-0.2%
FMC	D	-0.18%
GL	C	-0.14%
LNTH	D	-0.13%