FVAL vs. EQWL ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to PowerShares Russell Top 200 Equal Weight Portfolio (EQWL)

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

EQWL

PowerShares Russell Top 200 Equal Weight Portfolio

EQWL Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell Top 200 Equal Weight Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the component securities that comprise the underlying index. The underlying index is designed to provide equal-weighted exposure to the securities of the largest 200 companies in the U.S. equity market.

Grade (RS Rating)

Last Trade

$101.34

Average Daily Volume

45,090

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	EQWL
30 Days	2.44%	3.35%
60 Days	2.80%	5.49%
90 Days	5.00%	7.99%
12 Months	24.77%	27.80%

54 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in EQWL	Overlap
AAPL	C	6.96%	0.98%	0.98%
ABBV	C	1.38%	1.08%	1.08%
ACN	C	1.2%	1.14%	1.14%
AMZN	C	3.76%	0.95%	0.95%
AXP	B	0.79%	1.06%	0.79%
BAC	D	0.99%	0.92%	0.92%
BKNG	C	0.73%	0.94%	0.73%
BMY	C	0.9%	1.1%	0.9%
BRK.A	C	2.08%	1.04%	1.04%
C	C	0.66%	0.9%	0.66%
CAT	B	0.73%	0.99%	0.73%
CMCSA	D	0.59%	0.98%	0.59%
COF	B	0.57%	0.96%	0.57%
COP	D	0.39%	0.88%	0.39%
CRM	D	1.21%	1.02%	1.02%
CVS	D	0.81%	0.89%	0.81%
CVX	D	0.62%	0.85%	0.62%
DE	B	0.62%	0.96%	0.62%
DOW	D	0.2%	0.85%	0.2%
DUK	C	0.37%	1.06%	0.37%
F	F	0.52%	0.85%	0.52%
FDX	C	0.49%	1.08%	0.49%
GILD	B	0.95%	1.2%	0.95%
GM	C	0.57%	0.92%	0.57%
GOOGL	D	3.57%	0.45%	0.45%
HD	B	1.2%	1.01%	1.01%
HON	D	0.64%	0.92%	0.64%
IBM	B	1.2%	1.17%	1.17%
INTC	F	0.65%	0.59%	0.59%
JNJ	C	1.49%	1.06%	1.06%
JPM	D	1.62%	1.0%	1.0%
LIN	B	0.58%	1.0%	0.58%
LMT	C	0.63%	1.16%	0.63%
MCD	B	0.9%	1.08%	0.9%
META	B	2.54%	0.98%	0.98%
MMM	B	0.55%	1.23%	0.55%
MO	C	0.55%	1.11%	0.55%
MRK	D	1.28%	0.83%	0.83%
MSFT	C	6.96%	0.9%	0.9%
NEE	C	0.54%	1.07%	0.54%
NVDA	D	6.47%	0.84%	0.84%
PG	C	1.17%	0.97%	0.97%
QCOM	D	1.1%	0.72%	0.72%
SPG	B	0.26%	1.03%	0.26%
T	C	0.63%	1.15%	0.63%
TGT	C	0.5%	0.99%	0.5%
UNH	C	1.78%	1.11%	1.11%
UNP	C	0.68%	1.05%	0.68%
UPS	D	0.55%	0.88%	0.55%
V	C	1.4%	0.99%	0.99%
VZ	B	0.68%	1.03%	0.68%
WFC	D	0.81%	0.84%	0.81%
WMT	C	1.08%	1.12%	1.08%
XOM	C	1.12%	0.95%	0.95%

FVAL Overweight 70 Positions Relative to EQWL

Symbol	Grade	Weight
ELV	C	0.97%
CI	C	0.96%
ZM	C	0.86%
MU	F	0.84%
CTSH	C	0.8%
CNC	D	0.75%
SWKS	D	0.72%
RPRX	C	0.7%
HPE	D	0.69%
TRV	C	0.65%
ADP	B	0.63%
RNR	C	0.57%
EBAY	B	0.56%
EG	C	0.54%
PRU	C	0.54%
DFS	B	0.53%
KVUE	C	0.53%
EXPE	C	0.52%
SYF	C	0.51%
JXN	A	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%
AGCO	D	0.39%
PLD	C	0.38%
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%
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 47 Positions Relative to EQWL

Symbol	Grade	Weight
TSLA	C	-1.21%
SBUX	C	-1.17%
CHTR	D	-1.15%
PM	C	-1.14%
AMT	C	-1.13%
BK	B	-1.11%
ORCL	C	-1.1%
PYPL	B	-1.09%
BLK	B	-1.08%
RTX	C	-1.08%
KO	C	-1.07%
TMUS	C	-1.07%
CL	D	-1.06%
SO	B	-1.06%
USB	B	-1.06%
MDLZ	B	-1.06%
ABT	C	-1.05%
LOW	B	-1.05%
MDT	C	-1.04%
ADBE	F	-1.04%
MET	B	-1.03%
MA	B	-1.03%
AMGN	B	-1.03%
INTU	C	-1.02%
GE	B	-1.02%
CSCO	C	-1.02%
KHC	C	-1.02%
PEP	C	-1.01%
DHR	B	-1.0%
LLY	C	-1.0%
COST	B	-1.0%
TMO	B	-1.0%
GS	C	-0.99%
PFE	C	-0.99%
NFLX	B	-0.96%
GD	B	-0.96%
MS	D	-0.95%
TXN	C	-0.94%
AIG	D	-0.93%
AVGO	C	-0.89%
AMD	D	-0.89%
EMR	D	-0.89%
BA	F	-0.86%
DIS	D	-0.83%
SCHW	D	-0.79%
NKE	D	-0.78%
GOOG	D	-0.37%