FVAL vs. IYW ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to iShares U.S. Technology ETF (IYW)

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

IYW

iShares U.S. Technology ETF

IYW Description

The investment seeks to track the investment results of an index composed of U.S. equities in the technology sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Technology Index (the "underlying index"), which measures the performance of the technology sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$151.66

Average Daily Volume

898,285

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	IYW
30 Days	4.67%	7.61%
60 Days	10.40%	13.84%
90 Days	4.82%	-2.82%
12 Months	30.90%	43.88%

14 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in IYW	Overlap
AAPL	C	6.97%	15.8%	6.97%
CRM	B	1.28%	2.3%	1.28%
CTSH	B	0.78%	0.34%	0.34%
GOOGL	B	3.64%	2.63%	2.63%
HPE	B	0.79%	0.23%	0.23%
IBM	A	1.21%	1.82%	1.21%
INTC	D	0.77%	0.87%	0.77%
META	A	2.69%	4.18%	2.69%
MSFT	D	6.76%	15.06%	6.76%
MU	D	0.97%	1.0%	0.97%
NVDA	B	6.45%	13.29%	6.45%
QCOM	D	1.09%	1.67%	1.09%
SWKS	F	0.68%	0.14%	0.14%
ZM	B	0.87%	0.16%	0.16%

FVAL Overweight 110 Positions Relative to IYW

Symbol	Grade	Weight
AMZN	C	3.71%
BRK.A	B	2.08%
UNH	B	1.71%
JPM	C	1.63%
JNJ	D	1.42%
ABBV	C	1.35%
V	B	1.31%
MRK	F	1.23%
HD	A	1.23%
ACN	B	1.17%
PG	D	1.14%
XOM	A	1.14%
WMT	A	1.04%
BAC	B	0.98%
GILD	A	0.94%
BMY	A	0.91%
CI	D	0.9%
ELV	F	0.9%
MCD	A	0.9%
WFC	B	0.84%
CVS	D	0.84%
AXP	A	0.81%
CAT	A	0.8%
BKNG	B	0.77%
CNC	F	0.73%
C	B	0.69%
RPRX	D	0.69%
VZ	C	0.67%
UNP	F	0.66%
HON	C	0.64%
DE	C	0.64%
TRV	B	0.63%
LMT	A	0.63%
T	B	0.62%
CVX	B	0.62%
CMCSA	B	0.61%
LVS	B	0.61%
COF	A	0.6%
ADP	A	0.6%
LIN	C	0.58%
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%
KMB	D	0.45%
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%
COP	D	0.39%
OC	C	0.38%
BG	F	0.36%
DUK	C	0.36%
PLD	D	0.36%
ACI	F	0.34%
FCX	B	0.3%
AEP	C	0.29%
PARA	F	0.29%
EOG	B	0.29%
PSA	C	0.28%
PCG	C	0.28%
NRG	A	0.27%
EXC	C	0.27%
O	C	0.26%
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 126 Positions Relative to IYW

Symbol	Grade	Weight
AVGO	B	-3.37%
ORCL	A	-2.37%
AMD	C	-2.33%
GOOG	B	-2.23%
ADBE	F	-2.02%
TXN	C	-1.66%
NOW	B	-1.61%
INTU	F	-1.5%
AMAT	C	-1.48%
ADI	B	-1.0%
LRCX	D	-0.94%
PANW	B	-0.92%
KLAC	B	-0.92%
APH	D	-0.68%
SNPS	F	-0.68%
PLTR	A	-0.66%
CDNS	D	-0.65%
CRWD	D	-0.56%
MRVL	C	-0.54%
ROP	D	-0.53%
ADSK	B	-0.52%
WDAY	D	-0.46%
FTNT	A	-0.44%
DASH	A	-0.44%
MPWR	B	-0.38%
MCHP	F	-0.37%
IT	A	-0.34%
VRT	B	-0.32%
HPQ	B	-0.31%
DDOG	B	-0.31%
GLW	C	-0.31%
APP	A	-0.31%
SNOW	F	-0.31%
ON	F	-0.28%
DELL	C	-0.28%
CDW	D	-0.26%
ANSS	D	-0.25%
NTAP	D	-0.23%
TEAM	D	-0.23%
MSTR	B	-0.23%
HUBS	D	-0.23%
TYL	D	-0.22%
NET	D	-0.21%
GDDY	B	-0.2%
WDC	C	-0.2%
LDOS	A	-0.2%
PTC	B	-0.19%
PINS	D	-0.18%
TER	C	-0.18%
SMCI	F	-0.18%
MDB	D	-0.16%
ENTG	D	-0.15%
MANH	A	-0.15%
PSTG	F	-0.14%
AKAM	D	-0.14%
ZS	F	-0.14%
DT	B	-0.14%
SSNC	C	-0.14%
VRSN	C	-0.14%
GEN	A	-0.13%
GWRE	A	-0.13%
FFIV	B	-0.12%
JBL	C	-0.12%
NTNX	C	-0.12%
COHR	B	-0.11%
DOCU	A	-0.11%
TOST	B	-0.11%
TWLO	B	-0.1%
EPAM	F	-0.1%
CACI	A	-0.1%
OKTA	F	-0.1%
QRVO	F	-0.09%
OLED	B	-0.09%
MTCH	B	-0.09%
ONTO	B	-0.09%
DOX	B	-0.09%
PAYC	D	-0.08%
KBR	A	-0.08%
SNX	C	-0.08%
DAY	C	-0.08%
SMAR	A	-0.07%
GLOB	D	-0.07%
ESTC	F	-0.06%
AZPN	A	-0.06%
S	C	-0.06%
PCOR	D	-0.06%
CRUS	D	-0.06%
U	D	-0.06%
CART	B	-0.06%
BSY	D	-0.06%
LSCC	D	-0.06%
ARW	C	-0.06%
SAIC	A	-0.06%
KD	D	-0.05%
APPF	C	-0.05%
PATH	D	-0.05%
GTLB	D	-0.05%
MTSI	B	-0.05%
DBX	C	-0.05%
IAC	C	-0.04%
DLB	D	-0.04%
CFLT	F	-0.04%
HCP	A	-0.04%
PSN	A	-0.04%
AVT	B	-0.04%
CCCS	D	-0.04%
TDC	D	-0.03%
ZI	F	-0.03%
PEGA	B	-0.03%
AMKR	F	-0.03%
DNB	D	-0.03%
DXC	C	-0.03%
GFS	F	-0.03%
IPGP	D	-0.02%
FIVN	F	-0.02%
CNXC	F	-0.02%
DV	F	-0.02%
RNG	F	-0.02%
NCNO	F	-0.02%
ALGM	F	-0.02%
CLVT	D	-0.02%
DJT	F	-0.01%
PYCR	D	-0.01%
WOLF	F	-0.01%
ALAB	C	-0.01%
INFA	D	-0.01%

IYW: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Data Storage Computer Systems Conglomerates Diversified Industrials Electronic Components Internet Content & Information Telecom Services Business Services Communication Equipment Computer Hardware Consumer Electronics Contract Manufacturers Electronics & Computer Distribution Electronics Distribution