FVAL vs. DFLV ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Dimensional US Large Cap Value ETF (DFLV)

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$62.70

Average Daily Volume

77,896

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

DFLV

Dimensional US Large Cap Value ETF

DFLV Description

To achieve the U.S. Large Cap Value ETF"s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$31.68

Average Daily Volume

324,657

Number of Holdings ^*

330

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	DFLV
30 Days	1.18%	0.38%
60 Days	5.01%	3.94%
90 Days	6.73%	6.17%
12 Months	27.40%	27.54%

66 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in DFLV	Overlap
ACI	C	0.34%	0.07%	0.07%
ADM	D	0.33%	0.09%	0.09%
BAC	A	1.08%	1.01%	1.01%
BG	D	0.3%	0.13%	0.13%
BMY	A	0.93%	0.41%	0.41%
BRK.A	B	2.01%	2.15%	2.01%
C	B	0.73%	0.39%	0.39%
CBRE	B	0.24%	0.49%	0.24%
CF	A	0.17%	0.18%	0.17%
CI	D	0.79%	0.73%	0.73%
CMCSA	B	0.61%	1.52%	0.61%
CMI	A	0.5%	0.74%	0.5%
CNC	F	0.56%	0.27%	0.27%
COF	B	0.71%	0.47%	0.47%
COP	B	0.39%	1.25%	0.39%
CRM	B	1.42%	1.39%	1.39%
CTSH	C	0.78%	0.64%	0.64%
CVS	F	0.73%	0.35%	0.35%
CVX	A	0.64%	2.12%	0.64%
DAL	A	0.6%	0.56%	0.56%
DE	C	0.58%	0.61%	0.58%
DFS	B	0.66%	0.66%	0.66%
DOW	F	0.17%	0.66%	0.17%
DVN	F	0.18%	0.28%	0.18%
EBAY	D	0.51%	0.47%	0.47%
EG	D	0.48%	0.34%	0.34%
ELV	F	0.69%	0.79%	0.69%
EOG	A	0.31%	0.5%	0.31%
F	C	0.5%	0.53%	0.5%
FCX	F	0.26%	0.44%	0.26%
FDX	B	0.46%	0.6%	0.46%
GILD	C	1.04%	0.76%	0.76%
GM	B	0.64%	0.9%	0.64%
HPE	B	0.83%	0.34%	0.34%
INTC	C	0.81%	0.33%	0.33%
JLL	D	0.17%	0.07%	0.07%
JNJ	D	1.3%	1.13%	1.13%
JPM	A	1.75%	5.12%	1.75%
KR	B	0.43%	0.66%	0.43%
KVUE	A	0.5%	0.4%	0.4%
LIN	D	0.53%	0.58%	0.53%
LYB	F	0.15%	0.44%	0.15%
MOS	D	0.14%	0.01%	0.01%
MPC	D	0.23%	0.5%	0.23%
MRK	F	1.06%	0.02%	0.02%
MU	D	0.97%	0.34%	0.34%
NEM	D	0.21%	0.3%	0.21%
NRG	B	0.27%	0.17%	0.17%
NUE	D	0.2%	0.69%	0.2%
OC	A	0.4%	0.31%	0.31%
PCAR	C	0.53%	0.82%	0.53%
PRU	B	0.53%	0.57%	0.53%
RNR	C	0.55%	0.04%	0.04%
STLD	B	0.19%	0.57%	0.19%
SWKS	F	0.58%	0.11%	0.11%
SYF	B	0.64%	0.22%	0.22%
T	A	0.6%	1.27%	0.6%
TGT	B	0.46%	0.37%	0.37%
TRV	A	0.66%	0.62%	0.62%
UAL	A	0.79%	0.37%	0.37%
UNH	C	1.72%	1.04%	1.04%
VLO	C	0.21%	0.63%	0.21%
VZ	C	0.58%	1.37%	0.58%
WFC	A	1.0%	1.49%	1.0%
XOM	B	1.14%	4.17%	1.14%
ZM	B	0.97%	0.06%	0.06%

FVAL Overweight 58 Positions Relative to DFLV

Symbol	Grade	Weight
NVDA	A	7.49%
AAPL	C	6.63%
MSFT	D	6.37%
AMZN	B	3.92%
GOOGL	B	3.78%
META	C	2.66%
V	A	1.4%
ABBV	F	1.32%
HD	A	1.19%
ACN	C	1.14%
IBM	C	1.11%
WMT	A	1.06%
QCOM	F	1.05%
PG	C	1.05%
MCD	D	0.85%
BKNG	A	0.85%
AXP	B	0.82%
CAT	C	0.77%
EXPE	B	0.65%
HON	B	0.64%
ADP	B	0.64%
UNP	D	0.62%
RPRX	F	0.61%
JXN	C	0.59%
LMT	D	0.58%
LVS	B	0.57%
UPS	C	0.54%
MO	A	0.53%
MMM	D	0.51%
G	B	0.49%
OZK	B	0.48%
NEE	C	0.46%
WYNN	D	0.45%
RHI	C	0.44%
KMB	C	0.4%
M	D	0.39%
AGCO	F	0.37%
DUK	C	0.34%
PLD	D	0.32%
PCG	A	0.28%
PARA	D	0.28%
ATKR	D	0.27%
AEP	C	0.26%
SPG	A	0.26%
PSA	C	0.25%
EXC	C	0.24%
O	C	0.23%
VICI	C	0.2%
NFG	A	0.19%
UGI	C	0.18%
BXP	D	0.18%
ARE	F	0.17%
HST	D	0.17%
WPC	C	0.16%
GLPI	C	0.16%
MUR	F	0.14%
CIVI	D	0.13%
CLF	F	0.12%

FVAL Underweight 264 Positions Relative to DFLV

Symbol	Grade	Weight
CSCO	B	-1.73%
GS	B	-1.15%
MS	A	-1.0%
TMUS	B	-0.92%
ABT	A	-0.85%
RTX	D	-0.76%
GLW	B	-0.75%
TMO	F	-0.72%
DHR	D	-0.72%
BK	B	-0.71%
MDT	D	-0.66%
ADI	D	-0.65%
HIG	B	-0.64%
MDLZ	F	-0.62%
JCI	B	-0.6%
CB	C	-0.6%
FANG	D	-0.58%
NSC	B	-0.58%
BKR	B	-0.58%
URI	B	-0.56%
AIG	C	-0.54%
AMD	F	-0.53%
IR	B	-0.53%
MLM	B	-0.52%
PHM	D	-0.5%
GIS	F	-0.5%
VMC	B	-0.5%
PSX	C	-0.5%
RF	A	-0.5%
DIS	B	-0.48%
LEN	D	-0.48%
GRMN	B	-0.47%
GD	D	-0.47%
APD	A	-0.46%
BDX	F	-0.44%
ETN	B	-0.44%
TSN	B	-0.43%
LH	B	-0.43%
MET	A	-0.42%
GEHC	D	-0.42%
REGN	F	-0.42%
AME	A	-0.42%
RJF	A	-0.41%
FIS	C	-0.41%
STZ	D	-0.41%
TXT	D	-0.4%
ACGL	D	-0.4%
FITB	B	-0.4%
DHI	D	-0.38%
KMI	A	-0.37%
FI	A	-0.37%
EA	A	-0.37%
CSX	C	-0.36%
PPG	F	-0.35%
DOV	B	-0.35%
OKE	A	-0.33%
LHX	B	-0.33%
DOX	D	-0.33%
PFE	F	-0.32%
KDP	D	-0.31%
NOC	D	-0.31%
L	A	-0.3%
WMB	A	-0.3%
CARR	D	-0.29%
WAB	B	-0.29%
PWR	A	-0.29%
BLDR	D	-0.28%
EMR	A	-0.28%
AFL	C	-0.27%
HPQ	B	-0.27%
USB	B	-0.26%
PNR	B	-0.26%
ON	F	-0.25%
HAL	C	-0.25%
DGX	A	-0.25%
PYPL	B	-0.25%
PKG	B	-0.25%
PNC	B	-0.25%
SNA	B	-0.24%
PH	B	-0.24%
ZBH	C	-0.24%
MTB	A	-0.23%
BALL	D	-0.21%
KEYS	C	-0.21%
TROW	B	-0.21%
TTWO	A	-0.21%
FSLR	F	-0.2%
USFD	A	-0.2%
DD	D	-0.2%
UHS	D	-0.2%
MRVL	B	-0.2%
SQ	A	-0.2%
STE	D	-0.19%
CTRA	B	-0.19%
OTIS	C	-0.19%
CTVA	C	-0.19%
FCNCA	A	-0.19%
LDOS	C	-0.19%
RS	B	-0.19%
PFG	C	-0.18%
FTV	D	-0.18%
SSNC	C	-0.17%
CSL	C	-0.17%
STT	B	-0.17%
OMC	C	-0.16%
KHC	F	-0.16%
ALL	A	-0.16%
TOL	B	-0.15%
HOLX	D	-0.15%
UTHR	C	-0.15%
WTW	B	-0.15%
GPC	F	-0.15%
IP	A	-0.15%
GPN	C	-0.15%
BIIB	F	-0.14%
EMN	D	-0.14%
AKAM	F	-0.14%
EW	C	-0.14%
XYL	D	-0.14%
OXY	F	-0.14%
CPB	D	-0.13%
RSG	A	-0.13%
TFC	A	-0.13%
AMCR	D	-0.13%
SJM	D	-0.12%
MKL	A	-0.12%
DLTR	F	-0.12%
WDC	F	-0.12%
MOH	F	-0.12%
ZBRA	B	-0.12%
FOXA	B	-0.12%
HBAN	B	-0.12%
ROP	C	-0.11%
HUM	D	-0.11%
NTRS	A	-0.11%
FLEX	B	-0.11%
LUV	B	-0.11%
WRB	B	-0.11%
THC	C	-0.1%
BWA	D	-0.1%
J	D	-0.1%
JBHT	C	-0.1%
TRU	D	-0.1%
CRBG	B	-0.09%
APTV	F	-0.09%
CASY	A	-0.09%
MRO	A	-0.09%
IFF	D	-0.09%
JNPR	D	-0.09%
TDY	B	-0.09%
UHAL	D	-0.08%
BLK	B	-0.08%
OVV	C	-0.08%
AVTR	F	-0.08%
PFGC	B	-0.08%
VTRS	A	-0.07%
TRMB	B	-0.07%
FNF	A	-0.07%
EQT	A	-0.07%
CE	F	-0.07%
NWSA	B	-0.07%
KEY	B	-0.07%
HES	B	-0.07%
SW	A	-0.07%
LKQ	F	-0.07%
CRL	D	-0.07%
CAG	F	-0.06%
HRL	D	-0.06%
FFIV	B	-0.06%
FOX	A	-0.06%
IPG	F	-0.06%
SLB	C	-0.06%
GL	C	-0.06%
CINF	A	-0.06%
IEX	B	-0.05%
BAX	F	-0.05%
MKC	D	-0.05%
WBD	B	-0.05%
CSGP	F	-0.05%
NDSN	D	-0.04%
ENTG	F	-0.04%
WLK	F	-0.04%
ALLY	C	-0.04%
DAR	B	-0.04%
CCL	A	-0.04%
CME	A	-0.04%
JBL	C	-0.04%
CLH	C	-0.04%
SWK	F	-0.04%
CFG	B	-0.04%
MRNA	F	-0.04%
SCHW	A	-0.04%
EPAM	C	-0.03%
GFS	C	-0.03%
CHTR	B	-0.03%
DINO	D	-0.03%
TAP	B	-0.03%
ICLR	F	-0.03%
BMRN	F	-0.03%
EWBC	A	-0.03%
DG	F	-0.03%
RGA	B	-0.03%
SOLV	F	-0.02%
HII	F	-0.02%
RVTY	D	-0.02%
HSIC	C	-0.02%
ICE	C	-0.02%
FBIN	F	-0.02%
NWS	A	-0.02%
OKTA	D	-0.02%
CHD	A	-0.02%
BLD	F	-0.02%
CCK	D	-0.02%
PR	B	-0.02%
DKS	D	-0.02%
Z	A	-0.02%
TFX	F	-0.02%
ARMK	C	-0.02%
TWLO	A	-0.01%
GGG	B	-0.01%
IQV	F	-0.01%
AFG	A	-0.01%
CNH	C	-0.01%
IVZ	C	-0.01%
WBA	F	-0.01%
SNX	D	-0.01%
LEA	F	-0.01%
WBS	A	-0.01%
SIRI	D	-0.01%
H	B	-0.01%
FTRE	D	-0.01%
ILMN	C	-0.01%
MHK	D	-0.01%
BBY	D	-0.01%
BSX	A	-0.01%
INCY	C	-0.01%
PAG	B	-0.01%
KNX	B	-0.01%
AR	B	-0.01%
QRVO	F	-0.01%
NVT	C	-0.01%
KMX	C	-0.01%
ZG	A	-0.0%
LEN	D	-0.0%
HOOD	A	-0.0%
CNA	C	-0.0%
ST	F	-0.0%
ALGN	D	-0.0%
GNTX	F	-0.0%
ARW	F	-0.0%
GXO	B	-0.0%
MTDR	C	-0.0%
CW	B	-0.0%
MNST	C	-0.0%
HAS	D	-0.0%
COTY	F	-0.0%
NDAQ	A	-0.0%
CG	B	-0.0%
TPR	B	-0.0%
ACM	B	-0.0%
ALV	C	-0.0%
CZR	F	-0.0%
UHAL	D	-0.0%
UNM	A	-0.0%