FSMD vs. FLQM ETF Comparison

Comparison of Fidelity Small-Mid Factor ETF (FSMD) to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM)

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$41.23

Average Daily Volume

101,229

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

FLQM

Franklin LibertyQ U.S. Mid Cap Equity ETF

FLQM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index (the U.S. Mid Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap underlying index. The U.S. Mid Cap underlying index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$55.20

Average Daily Volume

135,920

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	FSMD	FLQM
30 Days	2.03%	1.88%
60 Days	3.30%	3.89%
90 Days	9.00%	5.94%
12 Months	25.17%	26.27%

92 Overlapping Holdings

Symbol	Grade	Weight in FSMD	Weight in FLQM	Overlap
ACI	F	0.2%	0.36%	0.2%
ALLE	B	0.28%	0.46%	0.28%
ALLY	F	0.22%	0.41%	0.22%
ALSN	B	0.2%	0.36%	0.2%
AMG	C	0.17%	0.24%	0.17%
AN	D	0.14%	0.21%	0.14%
APPF	D	0.17%	0.09%	0.09%
AVT	D	0.16%	0.12%	0.12%
AWI	B	0.16%	0.1%	0.1%
AYI	B	0.21%	0.14%	0.14%
BJ	D	0.25%	0.44%	0.25%
BXP	B	0.27%	0.37%	0.27%
CACI	B	0.25%	0.3%	0.25%
CASY	D	0.32%	0.5%	0.32%
CHE	C	0.24%	0.3%	0.24%
CHH	C	0.13%	0.14%	0.13%
CHRD	F	0.23%	0.17%	0.17%
CHRW	B	0.27%	0.45%	0.27%
CIVI	F	0.17%	0.11%	0.11%
CNXC	D	0.13%	0.06%	0.06%
COKE	C	0.19%	0.15%	0.15%
COLM	B	0.14%	0.11%	0.11%
CPT	B	0.32%	0.47%	0.32%
CROX	C	0.21%	0.26%	0.21%
CRUS	D	0.21%	0.24%	0.21%
CUZ	B	0.16%	0.08%	0.08%
CW	B	0.27%	0.41%	0.27%
DCI	D	0.21%	0.35%	0.21%
DDS	D	0.09%	0.03%	0.03%
DINO	D	0.22%	0.26%	0.22%
DKS	D	0.3%	0.53%	0.3%
DLB	D	0.15%	0.16%	0.15%
DOX	C	0.26%	0.37%	0.26%
DTM	B	0.24%	0.14%	0.14%
DVA	B	0.24%	0.23%	0.23%
EHC	B	0.25%	0.47%	0.25%
ELS	C	0.33%	0.46%	0.33%
FLO	C	0.16%	0.21%	0.16%
G	C	0.19%	0.27%	0.19%
GGG	C	0.31%	0.5%	0.31%
GL	C	0.24%	0.42%	0.24%
HIW	B	0.14%	0.15%	0.14%
HRB	C	0.25%	0.4%	0.25%
INCY	C	0.26%	0.53%	0.26%
JNPR	A	0.3%	0.47%	0.3%
KNSL	C	0.27%	0.37%	0.27%
KRC	B	0.14%	0.13%	0.13%
LAMR	A	0.27%	0.19%	0.19%
LECO	F	0.23%	0.41%	0.23%
LII	B	0.38%	0.79%	0.38%
LOPE	D	0.15%	0.13%	0.13%
LSTR	D	0.18%	0.25%	0.18%
MANH	B	0.37%	0.77%	0.37%
MSM	D	0.13%	0.17%	0.13%
MTG	B	0.2%	0.34%	0.2%
MUSA	C	0.26%	0.38%	0.26%
NBIX	F	0.28%	0.56%	0.28%
NDSN	C	0.31%	0.5%	0.31%
NEU	D	0.15%	0.13%	0.13%
NFG	B	0.21%	0.2%	0.2%
NNN	B	0.25%	0.34%	0.25%
OGN	D	0.17%	0.24%	0.17%
OMF	C	0.17%	0.17%	0.17%
ORI	A	0.24%	0.3%	0.24%
PAG	D	0.13%	0.12%	0.12%
PLTK	C	0.11%	0.02%	0.02%
R	B	0.17%	0.22%	0.17%
RHI	D	0.18%	0.26%	0.18%
RL	B	0.2%	0.3%	0.2%
ROL	C	0.33%	0.58%	0.33%
RPM	B	0.35%	0.55%	0.35%
SEIC	B	0.2%	0.32%	0.2%
SKX	C	0.24%	0.35%	0.24%
SNA	B	0.32%	0.62%	0.32%
SOLV	C	0.27%	0.17%	0.17%
SON	C	0.17%	0.21%	0.17%
STAG	C	0.21%	0.23%	0.21%
THC	B	0.36%	0.63%	0.36%
TOL	B	0.34%	0.38%	0.34%
TPL	C	0.36%	0.62%	0.36%
TPR	C	0.25%	0.47%	0.25%
TPX	C	0.23%	0.36%	0.23%
TTC	D	0.21%	0.32%	0.21%
TXRH	D	0.27%	0.45%	0.27%
UHS	B	0.33%	0.59%	0.33%
UNM	B	0.25%	0.38%	0.25%
UTHR	C	0.36%	0.64%	0.36%
VNT	D	0.16%	0.22%	0.16%
WEN	C	0.13%	0.06%	0.06%
WING	B	0.28%	0.34%	0.28%
WSO	C	0.32%	0.61%	0.32%
WU	D	0.16%	0.23%	0.16%

FSMD Overweight 487 Positions Relative to FLQM

Symbol	Grade	Weight
NRG	C	0.39%
EME	B	0.37%
NTNX	C	0.36%
L	B	0.34%
PCVX	B	0.34%
GWRE	A	0.34%
NTRA	B	0.34%
LYV	B	0.34%
NWSA	D	0.33%
RNR	B	0.33%
IBKR	B	0.32%
PSTG	F	0.32%
ERIE	A	0.32%
TW	A	0.32%
RGA	B	0.32%
PNR	B	0.32%
REG	C	0.31%
AMH	C	0.31%
TFX	C	0.3%
OC	C	0.3%
ACM	B	0.3%
CUBE	B	0.3%
TTEK	C	0.29%
SRPT	F	0.29%
EQH	C	0.29%
JLL	B	0.29%
SCI	B	0.29%
REXR	C	0.28%
CLH	B	0.28%
BSY	D	0.28%
OHI	A	0.27%
MTCH	C	0.27%
BLD	D	0.27%
AIZ	B	0.27%
SW	B	0.27%
EWBC	C	0.27%
SFM	B	0.26%
CPB	B	0.26%
ATR	B	0.26%
FIX	B	0.26%
FTI	D	0.26%
WWD	D	0.25%
HII	C	0.25%
ENSG	C	0.25%
CHDN	C	0.25%
DUOL	B	0.25%
NYT	C	0.25%
TAP	C	0.25%
ITT	C	0.25%
RGLD	B	0.24%
PRI	B	0.24%
HRL	C	0.24%
CHK	D	0.24%
FRT	C	0.24%
BFAM	C	0.24%
NVT	D	0.24%
INGR	A	0.24%
AFG	B	0.24%
WAL	B	0.24%
OGE	B	0.24%
ONTO	F	0.24%
OLED	C	0.23%
ELAN	D	0.23%
ADC	C	0.23%
GMED	D	0.23%
SNX	D	0.23%
EVR	B	0.23%
HLI	B	0.23%
HALO	B	0.23%
FHN	D	0.23%
AOS	C	0.23%
EXEL	B	0.23%
BRX	B	0.23%
SF	A	0.23%
HSIC	C	0.23%
GPK	B	0.23%
FR	C	0.22%
BRBR	B	0.22%
WBS	C	0.22%
PLNT	A	0.22%
CIEN	C	0.22%
MHK	B	0.22%
BWXT	D	0.22%
WMS	D	0.22%
MORN	C	0.22%
CMA	B	0.22%
EXP	B	0.22%
MTN	D	0.21%
ESNT	B	0.21%
GKOS	D	0.21%
BPOP	C	0.21%
BERY	B	0.21%
VOYA	A	0.21%
LNTH	C	0.21%
FN	D	0.21%
CBSH	C	0.21%
RBC	C	0.21%
MEDP	D	0.21%
RGEN	F	0.21%
OWL	C	0.21%
SPSC	D	0.2%
RLI	B	0.2%
SAIC	C	0.2%
ARW	C	0.2%
WTFC	B	0.2%
ZION	D	0.2%
ALV	F	0.2%
DOCS	B	0.2%
GNTX	F	0.2%
AIT	C	0.2%
MLI	B	0.2%
MMSI	B	0.2%
BWA	D	0.2%
TMHC	B	0.2%
MTH	B	0.2%
FCN	C	0.2%
AXTA	C	0.2%
UFPI	C	0.19%
MASI	D	0.19%
KBH	B	0.19%
NOVT	D	0.19%
CR	C	0.19%
CRBG	D	0.19%
EPRT	A	0.19%
CVLT	B	0.19%
SN	B	0.19%
AXS	B	0.19%
HLNE	B	0.19%
BRKR	D	0.19%
SSD	C	0.19%
ADMA	B	0.19%
ANF	D	0.19%
WH	B	0.19%
SNV	C	0.19%
WFRD	F	0.19%
OSK	D	0.18%
RDN	B	0.18%
TREX	F	0.18%
AAON	B	0.18%
MSA	C	0.18%
BKH	B	0.18%
PI	B	0.18%
EXLS	C	0.18%
CBT	B	0.18%
NXST	D	0.18%
NSIT	C	0.18%
SIGI	C	0.18%
VRNS	C	0.18%
CNX	A	0.18%
OLLI	C	0.18%
BMI	B	0.18%
DBX	D	0.18%
POST	C	0.18%
COOP	B	0.18%
THG	A	0.18%
UGI	C	0.18%
CNM	F	0.17%
UMBF	B	0.17%
CMC	D	0.17%
FLS	D	0.17%
WMG	D	0.17%
ITGR	B	0.17%
CTRE	B	0.17%
ALTR	C	0.17%
ALE	A	0.17%
BPMC	D	0.17%
ALKS	C	0.17%
BCPC	C	0.17%
ESI	D	0.17%
PRCT	B	0.17%
ACIW	B	0.17%
MTSI	D	0.17%
SR	B	0.17%
JXN	B	0.17%
KD	D	0.17%
MGY	C	0.17%
BGC	B	0.16%
ZETA	B	0.16%
KNF	B	0.16%
HOG	C	0.16%
PIPR	B	0.16%
MMS	D	0.16%
ASGN	D	0.16%
FTDR	B	0.16%
PBH	B	0.16%
MHO	B	0.16%
SLM	C	0.16%
CSWI	B	0.16%
BYD	C	0.16%
EEFT	D	0.16%
TENB	D	0.16%
VMI	D	0.16%
WTS	C	0.16%
VVV	D	0.16%
NHI	A	0.16%
DY	B	0.16%
IBP	C	0.16%
ESTC	F	0.16%
ACLX	B	0.16%
QTWO	B	0.16%
MOG.A	B	0.16%
AXNX	B	0.16%
ESAB	C	0.16%
AGCO	D	0.16%
EXPO	B	0.16%
ASO	C	0.16%
GPI	B	0.16%
NWE	A	0.16%
KRYS	D	0.16%
RDNT	B	0.16%
LRN	B	0.15%
SLGN	B	0.15%
PBF	F	0.15%
AROC	C	0.15%
SUM	C	0.15%
AMED	C	0.15%
ABG	F	0.15%
TDS	C	0.15%
AGR	B	0.15%
KTB	B	0.15%
FSS	D	0.15%
BCC	C	0.15%
NMIH	B	0.15%
NSA	B	0.15%
VIRT	B	0.15%
ZD	D	0.15%
DORM	B	0.15%
CRNX	C	0.15%
WLK	D	0.15%
TPH	C	0.15%
FUL	D	0.15%
BCO	B	0.15%
OZK	D	0.15%
BNL	B	0.15%
AVA	B	0.15%
QLYS	F	0.15%
DXC	C	0.15%
ZWS	B	0.15%
ESGR	D	0.15%
TKR	D	0.15%
MDU	B	0.15%
TGNA	C	0.14%
SUPN	C	0.14%
FHI	A	0.14%
ASB	D	0.14%
GNW	B	0.14%
SANM	D	0.14%
LANC	D	0.14%
CRVL	B	0.14%
IDCC	B	0.14%
LBRT	D	0.14%
CEIX	D	0.14%
OTTR	D	0.14%
AEO	D	0.14%
FULT	C	0.14%
PLXS	B	0.14%
IBOC	C	0.14%
VRRM	D	0.14%
WDFC	B	0.14%
SHOO	B	0.14%
HAE	D	0.14%
CATY	B	0.14%
SEM	D	0.14%
FBP	C	0.14%
CORT	B	0.14%
CVCO	B	0.14%
CPRX	B	0.14%
MATX	C	0.14%
ASH	D	0.14%
PSN	B	0.14%
CNO	B	0.14%
STNG	D	0.14%
CALM	B	0.13%
PHIN	B	0.13%
PLUS	B	0.13%
DEI	B	0.13%
INSW	D	0.13%
ICFI	C	0.13%
PJT	B	0.13%
SLVM	B	0.13%
LEVI	C	0.13%
GPOR	C	0.13%
PEGA	C	0.13%
PRGS	C	0.13%
UE	B	0.13%
KAI	C	0.13%
PLMR	B	0.13%
APAM	C	0.13%
BRC	B	0.13%
SQSP	A	0.13%
STRL	B	0.13%
TNL	D	0.13%
FORM	F	0.13%
ENS	C	0.13%
AX	D	0.13%
KFY	B	0.13%
AMKR	F	0.13%
GHC	C	0.13%
FELE	C	0.13%
BTU	D	0.13%
PATK	B	0.13%
ACA	C	0.13%
SXT	C	0.13%
YELP	F	0.13%
ADUS	B	0.13%
KURA	D	0.12%
SBH	B	0.12%
ROAD	B	0.12%
SHO	D	0.12%
USM	C	0.12%
LTC	B	0.12%
CHCO	B	0.12%
GTES	C	0.12%
STRA	D	0.12%
TK	C	0.12%
CBZ	F	0.12%
WSBC	D	0.12%
CASH	B	0.12%
UFPT	C	0.12%
ADTN	F	0.12%
IDT	C	0.12%
SCHL	D	0.12%
OSIS	C	0.12%
GIII	C	0.12%
SNEX	C	0.12%
SKYW	C	0.12%
LGND	C	0.12%
VCEL	D	0.12%
VCTR	B	0.12%
ASTH	B	0.12%
REYN	C	0.12%
MWA	C	0.12%
VGR	C	0.12%
LMAT	B	0.12%
OFG	C	0.12%
AMRX	B	0.12%
VSTO	B	0.12%
ATGE	D	0.12%
PINC	C	0.12%
CACC	D	0.12%
EQC	B	0.12%
AMPH	C	0.12%
AAT	B	0.11%
ARCH	F	0.11%
WABC	D	0.11%
COLL	B	0.11%
HNI	B	0.11%
LZB	C	0.11%
SPNT	C	0.11%
EPAC	B	0.11%
MIR	D	0.11%
HIMS	D	0.11%
QCRH	B	0.11%
FF	C	0.11%
PDM	B	0.11%
GOLF	F	0.11%
LPG	F	0.11%
HCC	F	0.11%
DEA	B	0.11%
EIG	B	0.11%
SPOK	C	0.11%
PRIM	C	0.11%
PPC	D	0.11%
HMN	C	0.11%
PAHC	B	0.11%
TWST	D	0.11%
ENVA	C	0.11%
BKE	B	0.11%
GNE	D	0.11%
MCY	C	0.11%
INVA	B	0.11%
RUSHA	C	0.11%
HWKN	B	0.11%
TNK	D	0.11%
IOSP	D	0.11%
MGRC	F	0.11%
ACT	A	0.11%
ALRM	F	0.11%
SKWD	C	0.11%
EWTX	D	0.11%
UTL	B	0.11%
UNF	B	0.11%
HUBG	C	0.11%
NHC	D	0.11%
MTX	D	0.11%
SCSC	D	0.1%
TRNS	C	0.1%
ASC	D	0.1%
CFB	C	0.1%
AMAL	B	0.1%
CTBI	B	0.1%
SSTK	F	0.1%
GEO	F	0.1%
ROCK	D	0.1%
HSTM	C	0.1%
PRDO	D	0.1%
OLP	B	0.1%
SCVL	B	0.1%
SRCE	C	0.1%
MCB	C	0.1%
CWCO	F	0.1%
PFBC	C	0.1%
INFA	D	0.1%
PEBO	C	0.1%
URBN	D	0.1%
USPH	D	0.1%
IBCP	B	0.1%
ATEN	C	0.1%
VSH	D	0.1%
BHE	C	0.1%
REX	D	0.1%
KLG	C	0.1%
HCI	C	0.1%
MRVI	C	0.1%
XHR	C	0.1%
AGX	C	0.1%
CTS	D	0.1%
CPF	B	0.1%
AZZ	C	0.1%
UVSP	B	0.1%
PLAB	F	0.1%
MCRI	B	0.1%
UVE	B	0.1%
SLP	F	0.09%
VNDA	D	0.09%
JBSS	D	0.09%
KFRC	D	0.09%
BBSI	B	0.09%
SCS	B	0.09%
USLM	B	0.09%
RMR	C	0.09%
UTI	D	0.09%
ALX	B	0.09%
FIZZ	D	0.09%
ZYXI	F	0.09%
IMKTA	D	0.09%
VECO	F	0.09%
WSR	D	0.09%
ETH	D	0.09%
PGRE	C	0.09%
AMN	F	0.09%
OSUR	F	0.09%
APOG	B	0.09%
AMR	F	0.09%
EGY	D	0.09%
TNC	D	0.09%
SMP	C	0.09%
CRAI	C	0.09%
HCKT	B	0.09%
POWL	C	0.09%
BRY	F	0.09%
HE	F	0.09%
CXW	F	0.09%
IESC	C	0.09%
CNXN	B	0.09%
CUBI	F	0.09%
ANIP	D	0.09%
TPB	C	0.09%
MSBI	D	0.09%
THFF	B	0.09%
STAA	F	0.09%
UTMD	F	0.09%
ANDE	D	0.09%
CSV	B	0.09%
WINA	C	0.09%
CASS	D	0.09%
NSSC	F	0.08%
CECO	D	0.08%
NPK	C	0.08%
SIGA	D	0.08%
HSII	C	0.08%
TPC	C	0.08%
AMCX	F	0.08%
HCSG	C	0.08%
NVEC	D	0.08%
EBF	B	0.08%
IMMR	D	0.07%
PANL	F	0.07%
SXC	F	0.07%
MLR	D	0.07%
SMLR	F	0.07%
GIC	D	0.07%
KELYA	D	0.07%
METC	F	0.06%
KRT	D	0.06%
JBI	F	0.06%
CLW	F	0.05%

FSMD Underweight 106 Positions Relative to FLQM

Symbol	Grade	Weight
FICO	A	-1.34%
DHI	B	-1.23%
RMD	C	-1.17%
IT	B	-1.15%
AVB	B	-1.13%
HIG	A	-1.1%
ALL	A	-1.09%
MSCI	C	-1.09%
GRMN	D	-1.08%
PAYX	C	-1.07%
PHM	B	-1.07%
EA	D	-1.06%
ODFL	C	-1.05%
GWW	B	-1.02%
BBY	B	-1.0%
FAST	C	-1.0%
BAH	B	-0.97%
AWK	A	-0.97%
MTD	D	-0.96%
KR	B	-0.96%
DOV	B	-0.95%
EBAY	B	-0.94%
IDXX	C	-0.94%
YUM	D	-0.94%
SYY	D	-0.94%
TSCO	C	-0.93%
CDW	D	-0.93%
WAT	C	-0.93%
NTAP	D	-0.92%
HPQ	D	-0.91%
OTIS	D	-0.9%
CHD	C	-0.9%
SYF	C	-0.88%
LYB	F	-0.87%
FANG	D	-0.87%
CINF	B	-0.86%
NVR	B	-0.86%
WSM	C	-0.85%
BLDR	C	-0.84%
LNG	D	-0.84%
DVN	F	-0.82%
OMC	A	-0.82%
HPE	D	-0.81%
ULTA	D	-0.8%
DAL	C	-0.8%
DECK	C	-0.79%
CLX	C	-0.79%
GDDY	C	-0.78%
GPC	D	-0.75%
RF	B	-0.75%
ACGL	B	-0.74%
EXPD	B	-0.73%
VRSN	D	-0.72%
CMI	C	-0.72%
AVY	D	-0.72%
VRSK	D	-0.71%
TROW	D	-0.69%
TER	D	-0.68%
HSY	C	-0.66%
RS	D	-0.65%
STLD	D	-0.64%
EG	B	-0.64%
MAS	B	-0.63%
CF	B	-0.58%
VLTO	C	-0.55%
POOL	C	-0.51%
VTRS	C	-0.51%
RPRX	C	-0.46%
FFIV	A	-0.44%
OVV	D	-0.43%
LKQ	D	-0.4%
K	A	-0.39%
LDOS	C	-0.38%
JBL	D	-0.38%
SAIA	D	-0.35%
APA	F	-0.33%
DG	F	-0.33%
PAYC	D	-0.32%
UAL	B	-0.31%
LW	D	-0.3%
EXPE	C	-0.29%
ACHC	C	-0.28%
EGP	B	-0.27%
WPC	B	-0.26%
PB	B	-0.25%
BBWI	F	-0.24%
VFC	C	-0.22%
AM	B	-0.21%
SEE	D	-0.2%
BC	C	-0.2%
M	F	-0.18%
PII	D	-0.18%
JHG	B	-0.18%
WBA	F	-0.18%
FOXA	B	-0.17%
AGO	C	-0.15%
MAN	C	-0.13%
IVZ	C	-0.11%
CRI	C	-0.11%
COLB	B	-0.1%
JWN	B	-0.1%
KSS	F	-0.08%
GAP	F	-0.07%
SNDR	B	-0.06%
CNA	C	-0.05%
SIRI	C	-0.03%