FVAL vs. FCPI ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Fidelity Stocks for Inflation ETF (FCPI)

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

$59.65

Average Daily Volume

55,847

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FCPI

Fidelity Stocks for Inflation ETF

FCPI Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Grade (RS Rating)

Last Trade

$42.65

Average Daily Volume

19,627

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	FCPI
30 Days	2.44%	2.38%
60 Days	2.80%	4.08%
90 Days	5.00%	5.39%
12 Months	24.77%	32.41%

42 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in FCPI	Overlap
AAPL	C	6.96%	5.2%	5.2%
ABBV	C	1.38%	1.82%	1.38%
AMZN	C	3.76%	1.92%	1.92%
ATKR	F	0.26%	0.3%	0.26%
BKNG	C	0.73%	0.44%	0.44%
C	C	0.66%	0.64%	0.64%
CAT	B	0.73%	0.62%	0.62%
CF	C	0.17%	2.57%	0.17%
CI	C	0.96%	1.44%	0.96%
CMCSA	D	0.59%	0.16%	0.16%
COF	B	0.57%	0.6%	0.57%
DFS	B	0.53%	0.58%	0.53%
EBAY	B	0.56%	0.36%	0.36%
ELV	C	0.97%	1.41%	0.97%
GOOGL	D	3.57%	1.4%	1.4%
HST	C	0.18%	1.85%	0.18%
IBM	B	1.2%	0.56%	0.56%
JXN	A	0.49%	0.56%	0.49%
KMB	D	0.46%	1.68%	0.46%
META	B	2.54%	0.97%	0.97%
MO	C	0.55%	1.74%	0.55%
MPC	F	0.27%	2.02%	0.27%
MSFT	C	6.96%	5.35%	5.35%
MU	F	0.84%	0.33%	0.33%
NRG	C	0.24%	2.31%	0.24%
NUE	F	0.19%	2.28%	0.19%
NVDA	D	6.47%	4.82%	4.82%
OC	D	0.37%	0.42%	0.37%
PG	C	1.17%	2.43%	1.17%
QCOM	D	1.1%	0.51%	0.51%
RNR	C	0.57%	0.65%	0.57%
RPRX	C	0.7%	1.13%	0.7%
SPG	B	0.26%	1.99%	0.26%
STLD	F	0.15%	2.15%	0.15%
SWKS	D	0.72%	0.21%	0.21%
SYF	C	0.51%	0.56%	0.51%
T	C	0.63%	0.17%	0.17%
V	C	1.4%	1.15%	1.15%
VICI	C	0.23%	1.97%	0.23%
VLO	F	0.22%	1.84%	0.22%
VZ	B	0.68%	0.19%	0.19%
ZM	C	0.86%	0.27%	0.27%

FVAL Overweight 82 Positions Relative to FCPI

Symbol	Grade	Weight
BRK.A	C	2.08%
UNH	C	1.78%
JPM	D	1.62%
JNJ	C	1.49%
MRK	D	1.28%
CRM	D	1.21%
ACN	C	1.2%
HD	B	1.2%
XOM	C	1.12%
WMT	C	1.08%
BAC	D	0.99%
GILD	B	0.95%
MCD	B	0.9%
BMY	C	0.9%
WFC	D	0.81%
CVS	D	0.81%
CTSH	C	0.8%
AXP	B	0.79%
CNC	D	0.75%
HPE	D	0.69%
UNP	C	0.68%
INTC	F	0.65%
TRV	C	0.65%
HON	D	0.64%
ADP	B	0.63%
LMT	C	0.63%
CVX	D	0.62%
DE	B	0.62%
LIN	B	0.58%
GM	C	0.57%
MMM	B	0.55%
UPS	D	0.55%
EG	C	0.54%
NEE	C	0.54%
PRU	C	0.54%
KVUE	C	0.53%
F	F	0.52%
EXPE	C	0.52%
TGT	C	0.5%
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%
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%
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%
NEM	B	0.27%
O	C	0.26%
FCX	D	0.25%
CBRE	A	0.22%
ARE	C	0.2%
DOW	D	0.2%
NFG	B	0.2%
WPC	C	0.19%
BXP	B	0.19%
DVN	F	0.19%
UGI	C	0.19%
LYB	D	0.18%
GLPI	C	0.18%
JLL	B	0.17%
MUR	F	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 58 Positions Relative to FCPI

Symbol	Grade	Weight
LLY	C	-2.66%
VST	C	-2.49%
AM	C	-2.19%
TPL	B	-2.13%
BRBR	C	-1.77%
CL	D	-1.76%
COKE	C	-1.58%
REGN	C	-1.42%
HCA	B	-1.4%
AVGO	C	-1.38%
THC	A	-1.28%
UHS	B	-1.25%
UTHR	C	-1.21%
MCK	F	-1.06%
MEDP	F	-1.05%
PGR	B	-0.83%
AMP	A	-0.64%
HIG	B	-0.63%
MTG	B	-0.58%
RGA	C	-0.56%
CRBG	D	-0.55%
EME	B	-0.5%
FIX	B	-0.49%
LDOS	B	-0.49%
CSL	B	-0.48%
MLI	A	-0.46%
AMAT	D	-0.45%
BCC	B	-0.45%
PANW	D	-0.41%
ANET	B	-0.37%
APP	C	-0.36%
KLAC	D	-0.36%
CRWD	D	-0.35%
LRCX	F	-0.35%
HRB	C	-0.34%
PHM	B	-0.34%
TOL	B	-0.33%
APH	D	-0.33%
FICO	B	-0.32%
WSM	D	-0.31%
ABNB	D	-0.3%
NXPI	F	-0.29%
NFLX	B	-0.28%
ANF	D	-0.28%
DELL	D	-0.27%
GAP	F	-0.26%
GDDY	C	-0.25%
DOCU	C	-0.24%
NTAP	D	-0.24%
ONTO	D	-0.24%
CRUS	D	-0.23%
ACIW	B	-0.23%
DBX	D	-0.23%
CVLT	B	-0.22%
QLYS	F	-0.2%
DIS	D	-0.17%
TMUS	C	-0.12%
PINS	F	-0.04%