FVAL vs. DIA ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to SPDR Dow Jones Industrial Average ETF (DIA)

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

$59.68

Average Daily Volume

55,847

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

DIA

SPDR Dow Jones Industrial Average ETF

DIA Description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Dow Jones Industrial Average (the DJIA). The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the DJIA, with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the DJIA. The companies represented by the 30 stocks now comprising the DJIA are all leaders in their respective industries, and their stocks are widely held by individuals and institutional investors.

Grade (RS Rating)

Last Trade

$420.19

Average Daily Volume

3,479,686

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	DIA
30 Days	2.44%	3.15%
60 Days	2.80%	4.67%
90 Days	5.00%	7.82%
12 Months	24.77%	24.22%

23 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in DIA	Overlap
AAPL	C	6.96%	3.55%	3.55%
AMZN	C	3.76%	2.98%	2.98%
AXP	B	0.79%	4.07%	0.79%
CAT	B	0.73%	5.41%	0.73%
CRM	D	1.21%	4.04%	1.21%
CVX	D	0.62%	2.22%	0.62%
DOW	D	0.2%	0.8%	0.2%
HD	B	1.2%	5.97%	1.2%
HON	D	0.64%	3.26%	0.64%
IBM	B	1.2%	3.37%	1.2%
INTC	F	0.65%	0.31%	0.31%
JNJ	C	1.49%	2.62%	1.49%
JPM	D	1.62%	3.29%	1.62%
MCD	B	0.9%	4.66%	0.9%
MMM	B	0.55%	2.1%	0.55%
MRK	D	1.28%	1.84%	1.28%
MSFT	C	6.96%	6.81%	6.81%
PG	C	1.17%	2.77%	1.17%
TRV	C	0.65%	3.73%	0.65%
UNH	C	1.78%	9.38%	1.78%
V	C	1.4%	4.55%	1.4%
VZ	B	0.68%	0.7%	0.68%
WMT	C	1.08%	1.27%	1.08%

FVAL Overweight 101 Positions Relative to DIA

Symbol	Grade	Weight
NVDA	D	6.47%
GOOGL	D	3.57%
META	B	2.54%
BRK.A	C	2.08%
ABBV	C	1.38%
ACN	C	1.2%
XOM	C	1.12%
QCOM	D	1.1%
BAC	D	0.99%
ELV	C	0.97%
CI	C	0.96%
GILD	B	0.95%
BMY	C	0.9%
ZM	C	0.86%
MU	F	0.84%
WFC	D	0.81%
CVS	D	0.81%
CTSH	C	0.8%
CNC	D	0.75%
BKNG	C	0.73%
SWKS	D	0.72%
RPRX	C	0.7%
HPE	D	0.69%
UNP	C	0.68%
C	C	0.66%
ADP	B	0.63%
T	C	0.63%
LMT	C	0.63%
DE	B	0.62%
CMCSA	D	0.59%
LIN	B	0.58%
RNR	C	0.57%
GM	C	0.57%
COF	B	0.57%
EBAY	B	0.56%
UPS	D	0.55%
MO	C	0.55%
EG	C	0.54%
NEE	C	0.54%
PRU	C	0.54%
DFS	B	0.53%
KVUE	C	0.53%
F	F	0.52%
EXPE	C	0.52%
SYF	C	0.51%
TGT	C	0.5%
JXN	A	0.49%
FDX	C	0.49%
UAL	C	0.48%
LVS	D	0.48%
DAL	C	0.47%
PCAR	D	0.47%
CMI	C	0.46%
OZK	D	0.46%
KMB	D	0.46%
G	C	0.45%
WYNN	D	0.45%
KR	C	0.43%
ADM	D	0.41%
RHI	D	0.4%
M	F	0.4%
COP	D	0.39%
AGCO	D	0.39%
PLD	C	0.38%
DUK	C	0.37%
OC	D	0.37%
ACI	F	0.36%
BG	D	0.36%
AEP	C	0.3%
PSA	B	0.29%
PARA	F	0.29%
EOG	D	0.29%
EXC	C	0.28%
PCG	C	0.28%
MPC	F	0.27%
NEM	B	0.27%
SPG	B	0.26%
ATKR	F	0.26%
O	C	0.26%
FCX	D	0.25%
NRG	C	0.24%
VICI	C	0.23%
CBRE	A	0.22%
VLO	F	0.22%
ARE	C	0.2%
NFG	B	0.2%
WPC	C	0.19%
BXP	B	0.19%
DVN	F	0.19%
UGI	C	0.19%
NUE	F	0.19%
LYB	D	0.18%
HST	C	0.18%
GLPI	C	0.18%
CF	C	0.17%
JLL	B	0.17%
MUR	F	0.15%
STLD	F	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 7 Positions Relative to DIA

Symbol	Grade	Weight
GS	C	-7.56%
AMGN	B	-5.26%
BA	F	-2.59%
DIS	D	-1.42%
NKE	D	-1.25%
KO	C	-1.14%
CSCO	C	-0.79%