FVAL vs. FDLO ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Fidelity Low Volatility Factor ETF (FDLO)

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

$60.77

Average Daily Volume

60,509

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.02

Average Daily Volume

90,831

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	FDLO
30 Days	4.67%	2.09%
60 Days	10.40%	8.58%
90 Days	4.82%	6.14%
12 Months	30.90%	27.76%

35 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in FDLO	Overlap
AAPL	C	6.97%	7.37%	6.97%
ABBV	C	1.35%	1.16%	1.16%
ACN	B	1.17%	1.58%	1.17%
ADP	A	0.6%	0.6%	0.6%
AEP	C	0.29%	0.3%	0.29%
AMZN	C	3.71%	3.64%	3.64%
BRK.A	B	2.08%	2.07%	2.07%
CMCSA	B	0.61%	0.92%	0.61%
COP	D	0.39%	0.38%	0.38%
CVX	B	0.62%	0.62%	0.62%
DUK	C	0.36%	0.37%	0.36%
EOG	B	0.29%	0.29%	0.29%
GOOGL	B	3.64%	3.93%	3.64%
HD	A	1.23%	1.17%	1.17%
HON	C	0.64%	0.64%	0.64%
IBM	A	1.21%	1.66%	1.21%
JNJ	D	1.42%	1.24%	1.24%
JPM	C	1.63%	1.62%	1.62%
KMB	D	0.45%	0.32%	0.32%
LIN	C	0.58%	0.57%	0.57%
LMT	A	0.63%	0.63%	0.63%
MCD	A	0.9%	0.84%	0.84%
MRK	F	1.23%	1.04%	1.04%
MSFT	D	6.76%	7.16%	6.76%
O	C	0.26%	0.25%	0.25%
PG	D	1.14%	1.01%	1.01%
PSA	C	0.28%	0.26%	0.26%
T	B	0.62%	0.96%	0.62%
TRV	B	0.63%	0.63%	0.63%
UNH	B	1.71%	1.52%	1.52%
UNP	F	0.66%	0.66%	0.66%
V	B	1.31%	1.31%	1.31%
VZ	C	0.67%	1.01%	0.67%
WMT	A	1.04%	0.9%	0.9%
XOM	A	1.14%	1.14%	1.14%

FVAL Overweight 89 Positions Relative to FDLO

Symbol	Grade	Weight
NVDA	B	6.45%
META	A	2.69%
CRM	B	1.28%
QCOM	D	1.09%
BAC	B	0.98%
MU	D	0.97%
GILD	A	0.94%
BMY	A	0.91%
CI	D	0.9%
ELV	F	0.9%
ZM	B	0.87%
WFC	B	0.84%
CVS	D	0.84%
AXP	A	0.81%
CAT	A	0.8%
HPE	B	0.79%
CTSH	B	0.78%
BKNG	B	0.77%
INTC	D	0.77%
CNC	F	0.73%
C	B	0.69%
RPRX	D	0.69%
SWKS	F	0.68%
DE	C	0.64%
LVS	B	0.61%
COF	A	0.6%
RNR	A	0.58%
UPS	D	0.57%
GM	D	0.56%
EXPE	B	0.56%
UAL	A	0.55%
MMM	C	0.55%
WYNN	B	0.55%
EBAY	A	0.55%
PRU	B	0.55%
DFS	A	0.55%
EG	A	0.54%
DAL	C	0.53%
NEE	C	0.53%
KVUE	C	0.52%
MO	D	0.52%
JXN	A	0.52%
SYF	A	0.52%
F	D	0.51%
TGT	C	0.5%
PCAR	D	0.48%
CMI	A	0.48%
FDX	F	0.45%
OZK	D	0.45%
G	A	0.44%
KR	C	0.43%
AGCO	D	0.41%
RHI	D	0.41%
M	D	0.4%
ADM	F	0.4%
OC	C	0.38%
BG	F	0.36%
PLD	D	0.36%
ACI	F	0.34%
FCX	B	0.3%
PARA	F	0.29%
PCG	C	0.28%
NRG	A	0.27%
EXC	C	0.27%
MPC	D	0.26%
SPG	A	0.26%
NEM	C	0.26%
ATKR	F	0.25%
CBRE	C	0.23%
VICI	C	0.22%
VLO	F	0.22%
DOW	B	0.21%
NUE	D	0.2%
NFG	A	0.2%
BXP	B	0.19%
ARE	D	0.19%
UGI	C	0.19%
LYB	B	0.18%
JLL	C	0.18%
HST	D	0.18%
CF	A	0.18%
WPC	C	0.18%
DVN	F	0.18%
STLD	C	0.17%
GLPI	C	0.17%
MOS	F	0.14%
MUR	F	0.14%
CLF	D	0.13%
CIVI	F	0.13%

FVAL Underweight 90 Positions Relative to FDLO

Symbol	Grade	Weight
ORCL	A	-1.85%
LLY	D	-1.85%
CSCO	A	-1.63%
TXN	C	-1.55%
MSI	A	-1.37%
MA	A	-1.27%
ROP	D	-1.23%
AKAM	D	-1.19%
TYL	D	-1.16%
DOX	B	-1.14%
VRSN	C	-1.14%
TMO	D	-0.94%
ABT	C	-0.88%
TMUS	A	-0.85%
PGR	B	-0.83%
AMGN	D	-0.81%
KO	C	-0.76%
CB	A	-0.73%
LOW	C	-0.7%
SBUX	B	-0.69%
MMC	D	-0.68%
VRTX	D	-0.68%
REGN	D	-0.68%
CME	A	-0.67%
NKE	D	-0.66%
PEP	F	-0.66%
ETN	B	-0.66%
TJX	D	-0.64%
BDX	C	-0.64%
EA	D	-0.64%
ERIE	A	-0.6%
PM	D	-0.59%
AJG	C	-0.58%
CBOE	B	-0.56%
AIZ	B	-0.56%
FDS	C	-0.56%
NOC	B	-0.54%
ITW	C	-0.54%
WM	B	-0.52%
JKHY	A	-0.52%
WRB	C	-0.52%
GD	C	-0.51%
ORLY	A	-0.5%
OTIS	A	-0.49%
AZO	D	-0.48%
LHX	A	-0.47%
TSCO	A	-0.47%
PAYX	B	-0.47%
FAST	C	-0.47%
BAH	C	-0.46%
RSG	D	-0.45%
J	F	-0.44%
GRMN	D	-0.43%
MDLZ	D	-0.43%
FCN	C	-0.4%
HII	F	-0.39%
CL	D	-0.39%
SO	A	-0.38%
AMT	D	-0.34%
GIS	C	-0.33%
SHW	C	-0.31%
EQIX	C	-0.3%
XEL	C	-0.28%
ED	C	-0.27%
WMB	A	-0.27%
HSY	D	-0.27%
APD	C	-0.26%
WEC	B	-0.26%
AEE	A	-0.25%
ECL	C	-0.25%
LNG	A	-0.24%
DLR	C	-0.24%
KMI	A	-0.24%
CMS	A	-0.24%
CCI	D	-0.23%
CTVA	A	-0.22%
CSGP	F	-0.19%
EQR	C	-0.19%
MAA	D	-0.18%
DTM	A	-0.18%
VMC	D	-0.18%
MLM	F	-0.18%
CTRA	D	-0.18%
AMCR	C	-0.17%
PKG	B	-0.17%
ATR	A	-0.16%
ELS	D	-0.16%
AMH	D	-0.16%
AVY	D	-0.16%
ADC	C	-0.15%