FVAL vs. FDRR ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Fidelity Dividend ETF for Rising Rates (FDRR)

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

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$53.29

Average Daily Volume

19,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	FDRR
30 Days	3.33%	1.87%
60 Days	5.59%	4.38%
90 Days	6.82%	5.21%
12 Months	28.35%	31.25%

54 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in FDRR	Overlap
AAPL	C	6.68%	7.22%	6.68%
ABBV	D	1.11%	1.22%	1.11%
AEP	D	0.26%	0.27%	0.26%
BAC	A	1.13%	1.39%	1.13%
BMY	B	0.98%	1.01%	0.98%
C	A	0.74%	0.95%	0.74%
CAT	B	0.77%	0.94%	0.77%
CIVI	D	0.13%	0.15%	0.13%
CMCSA	B	0.61%	0.74%	0.61%
COP	C	0.4%	0.43%	0.4%
CVS	D	0.71%	0.65%	0.65%
CVX	A	0.67%	0.71%	0.67%
DE	A	0.59%	0.68%	0.59%
DOW	F	0.16%	0.16%	0.16%
DUK	C	0.34%	0.33%	0.33%
DVN	F	0.18%	0.21%	0.18%
EOG	A	0.31%	0.36%	0.31%
EXC	C	0.26%	0.24%	0.24%
F	C	0.51%	0.58%	0.51%
FCX	D	0.24%	0.25%	0.24%
GLPI	C	0.16%	0.21%	0.16%
GM	B	0.67%	0.92%	0.67%
HD	A	1.22%	1.37%	1.22%
HON	B	0.68%	0.82%	0.68%
IBM	C	1.09%	1.34%	1.09%
JNJ	D	1.31%	1.35%	1.31%
JPM	A	1.84%	2.11%	1.84%
LIN	D	0.53%	0.54%	0.53%
LMT	D	0.56%	0.79%	0.56%
LYB	F	0.15%	0.15%	0.15%
MCD	D	0.84%	0.91%	0.84%
MO	A	0.55%	0.68%	0.55%
MOS	F	0.13%	0.12%	0.12%
MRK	F	1.01%	0.97%	0.97%
MSFT	F	6.37%	6.6%	6.37%
NEE	D	0.46%	0.48%	0.46%
NEM	D	0.19%	0.24%	0.19%
NVDA	C	7.33%	8.35%	7.33%
PARA	C	0.28%	0.34%	0.28%
PCAR	B	0.53%	0.62%	0.53%
PG	A	1.08%	1.13%	1.08%
PLD	D	0.32%	0.35%	0.32%
PSA	D	0.25%	0.3%	0.25%
SPG	B	0.27%	0.34%	0.27%
T	A	0.62%	0.88%	0.62%
UNH	C	1.69%	1.79%	1.69%
UNP	C	0.61%	0.7%	0.61%
UPS	C	0.55%	0.62%	0.55%
V	A	1.44%	1.56%	1.44%
VICI	C	0.2%	0.24%	0.2%
VZ	C	0.61%	0.78%	0.61%
WFC	A	1.08%	1.37%	1.08%
WPC	D	0.16%	0.18%	0.16%
XOM	B	1.14%	1.09%	1.09%

FVAL Overweight 70 Positions Relative to FDRR

Symbol	Grade	Weight
AMZN	C	3.88%
GOOGL	C	3.72%
META	D	2.55%
BRK.A	B	2.07%
CRM	B	1.46%
ACN	C	1.15%
WMT	A	1.07%
QCOM	F	1.0%
ZM	B	0.98%
GILD	C	0.97%
BKNG	A	0.87%
MU	D	0.85%
UAL	A	0.84%
AXP	A	0.83%
CI	F	0.81%
HPE	B	0.81%
INTC	D	0.77%
CTSH	B	0.76%
COF	B	0.72%
TRV	B	0.68%
DFS	B	0.68%
SYF	B	0.67%
ELV	F	0.67%
EXPE	B	0.66%
DAL	C	0.64%
ADP	B	0.64%
RPRX	D	0.61%
SWKS	F	0.56%
JXN	C	0.56%
PRU	A	0.56%
LVS	C	0.55%
CNC	D	0.54%
RNR	C	0.54%
KVUE	A	0.52%
CMI	A	0.52%
OZK	B	0.51%
EBAY	D	0.51%
EG	C	0.5%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
TGT	F	0.48%
FDX	B	0.48%
RHI	B	0.44%
KR	B	0.43%
OC	A	0.42%
KMB	D	0.41%
M	D	0.39%
AGCO	D	0.38%
ADM	D	0.35%
ACI	C	0.34%
BG	F	0.32%
PCG	A	0.29%
ATKR	C	0.26%
NRG	B	0.26%
MPC	D	0.24%
O	D	0.23%
CBRE	B	0.23%
VLO	C	0.22%
NFG	A	0.2%
NUE	C	0.19%
BXP	D	0.18%
CF	B	0.18%
STLD	B	0.18%
UGI	A	0.18%
HST	C	0.17%
JLL	D	0.17%
ARE	D	0.16%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 47 Positions Relative to FDRR

Symbol	Grade	Weight
AVGO	D	-2.56%
LLY	F	-1.82%
TXN	C	-1.5%
DELL	C	-1.47%
CSCO	B	-1.44%
GS	A	-1.23%
HPQ	B	-1.21%
MS	A	-1.2%
BX	A	-1.09%
PNC	B	-0.97%
GE	D	-0.96%
LOW	D	-0.95%
RTX	C	-0.92%
TJX	A	-0.91%
PM	B	-0.89%
PFE	D	-0.88%
USB	A	-0.86%
TFC	A	-0.85%
KO	D	-0.81%
CME	A	-0.79%
SBUX	A	-0.79%
MAR	B	-0.75%
PEP	F	-0.74%
TKO	B	-0.68%
BBY	D	-0.67%
FOXA	B	-0.67%
EA	A	-0.61%
NKE	D	-0.56%
NWSA	B	-0.55%
OMC	C	-0.53%
NYT	C	-0.5%
TRGP	B	-0.49%
GEV	B	-0.44%
WMG	C	-0.42%
NXST	C	-0.42%
IPG	D	-0.4%
SO	D	-0.36%
APD	A	-0.29%
D	C	-0.27%
CCI	D	-0.25%
OHI	C	-0.25%
EIX	B	-0.24%
IP	B	-0.24%
WY	D	-0.2%
IFF	D	-0.17%
AMCR	D	-0.16%
WBA	F	-0.15%