FVAL vs. QARP ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Xtrackers Russell 1000 US QARP ETF (QARP)

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

$63.27

Average Daily Volume

72,357

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.70

Average Daily Volume

3,247

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	QARP
30 Days	2.84%	2.36%
60 Days	7.42%	5.56%
90 Days	10.60%	9.00%
12 Months	32.82%	30.27%

87 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in QARP	Overlap
AAPL	D	6.63%	4.9%	4.9%
ABBV	D	1.32%	0.02%	0.02%
ACI	C	0.34%	0.05%	0.05%
ACN	C	1.14%	1.15%	1.14%
ADM	F	0.33%	0.27%	0.27%
ADP	A	0.64%	0.21%	0.21%
AGCO	F	0.37%	0.06%	0.06%
AMZN	B	3.92%	3.87%	3.87%
BKNG	A	0.85%	0.81%	0.81%
BMY	B	0.93%	0.61%	0.61%
BRK.A	C	2.01%	5.09%	2.01%
CAT	B	0.77%	0.68%	0.68%
CBRE	B	0.24%	0.1%	0.1%
CF	B	0.17%	0.13%	0.13%
CI	D	0.79%	0.55%	0.55%
CLF	D	0.12%	0.05%	0.05%
CMCSA	B	0.61%	0.86%	0.61%
CMI	B	0.5%	0.26%	0.26%
CNC	F	0.56%	0.27%	0.27%
COF	B	0.71%	0.15%	0.15%
COP	C	0.39%	0.77%	0.39%
CTSH	A	0.78%	0.29%	0.29%
CVS	F	0.73%	0.19%	0.19%
CVX	B	0.64%	1.5%	0.64%
DAL	A	0.6%	0.21%	0.21%
DE	D	0.58%	0.25%	0.25%
DOW	F	0.17%	0.07%	0.07%
DVN	F	0.18%	0.17%	0.17%
EBAY	D	0.51%	0.09%	0.09%
EG	D	0.48%	0.05%	0.05%
ELV	F	0.69%	0.49%	0.49%
EOG	B	0.31%	0.47%	0.31%
EXPE	B	0.65%	0.16%	0.16%
FCX	F	0.26%	0.04%	0.04%
FDX	B	0.46%	0.32%	0.32%
G	B	0.49%	0.02%	0.02%
GILD	B	1.04%	0.33%	0.33%
GLPI	D	0.16%	0.03%	0.03%
GM	B	0.64%	0.24%	0.24%
GOOGL	B	3.78%	2.34%	2.34%
HD	B	1.19%	2.02%	1.19%
HST	C	0.17%	0.03%	0.03%
INTC	C	0.81%	0.08%	0.08%
JNJ	F	1.3%	2.48%	1.3%
KMB	F	0.4%	0.16%	0.16%
KR	A	0.43%	0.3%	0.3%
KVUE	A	0.5%	0.21%	0.21%
LMT	D	0.58%	0.74%	0.58%
LVS	C	0.57%	0.05%	0.05%
LYB	F	0.15%	0.09%	0.09%
M	D	0.39%	0.02%	0.02%
MCD	D	0.85%	0.4%	0.4%
META	B	2.66%	5.26%	2.66%
MMM	D	0.51%	0.12%	0.12%
MO	A	0.53%	0.63%	0.53%
MOS	D	0.14%	0.05%	0.05%
MPC	D	0.23%	0.25%	0.23%
MRK	F	1.06%	0.34%	0.34%
MSFT	C	6.37%	2.03%	2.03%
MU	C	0.97%	0.38%	0.38%
NUE	C	0.2%	0.37%	0.2%
NVDA	A	7.49%	0.17%	0.17%
OC	B	0.4%	0.13%	0.13%
PCAR	B	0.53%	0.23%	0.23%
PG	D	1.05%	1.36%	1.05%
PSA	D	0.25%	0.32%	0.25%
QCOM	F	1.05%	0.27%	0.27%
RHI	B	0.44%	0.07%	0.07%
RNR	D	0.55%	0.06%	0.06%
RPRX	F	0.61%	0.03%	0.03%
SPG	B	0.26%	0.2%	0.2%
STLD	B	0.19%	0.24%	0.19%
SWKS	F	0.58%	0.08%	0.08%
SYF	B	0.64%	0.12%	0.12%
T	C	0.6%	0.7%	0.6%
TGT	C	0.46%	0.4%	0.4%
UAL	A	0.79%	0.09%	0.09%
UNH	B	1.72%	2.27%	1.72%
UNP	D	0.62%	0.12%	0.12%
UPS	D	0.54%	0.42%	0.42%
V	A	1.4%	1.8%	1.4%
VICI	D	0.2%	0.08%	0.08%
VLO	D	0.21%	0.17%	0.17%
VZ	D	0.58%	0.67%	0.58%
WMT	A	1.06%	2.93%	1.06%
WYNN	F	0.45%	0.04%	0.04%
XOM	B	1.14%	3.23%	1.14%

FVAL Overweight 37 Positions Relative to QARP

Symbol	Grade	Weight
JPM	B	1.75%
CRM	B	1.42%
IBM	D	1.11%
BAC	A	1.08%
WFC	B	1.0%
ZM	A	0.97%
HPE	B	0.83%
AXP	B	0.82%
C	B	0.73%
TRV	B	0.66%
DFS	B	0.66%
HON	B	0.64%
JXN	B	0.59%
LIN	D	0.53%
PRU	B	0.53%
F	C	0.5%
OZK	B	0.48%
NEE	D	0.46%
DUK	D	0.34%
PLD	F	0.32%
BG	D	0.3%
PCG	A	0.28%
PARA	C	0.28%
NRG	B	0.27%
ATKR	C	0.27%
AEP	D	0.26%
EXC	D	0.24%
O	D	0.23%
NEM	F	0.21%
NFG	C	0.19%
UGI	D	0.18%
BXP	D	0.18%
ARE	F	0.17%
JLL	C	0.17%
WPC	F	0.16%
MUR	F	0.14%
CIVI	F	0.13%

FVAL Underweight 258 Positions Relative to QARP

Symbol	Grade	Weight
COST	B	-2.3%
GOOG	B	-2.12%
CSCO	A	-1.97%
MA	A	-1.58%
MCK	B	-1.02%
ADBE	C	-0.86%
TJX	B	-0.8%
LOW	B	-0.8%
AMAT	F	-0.79%
TSLA	B	-0.62%
PM	C	-0.58%
MMC	C	-0.57%
PFE	F	-0.53%
SBUX	B	-0.52%
LRCX	F	-0.47%
LEN	D	-0.43%
COR	A	-0.4%
TXN	B	-0.38%
CAH	B	-0.38%
ORLY	A	-0.37%
AON	A	-0.34%
AZO	C	-0.34%
SYY	B	-0.34%
PYPL	B	-0.33%
MCO	C	-0.33%
NKE	F	-0.33%
DHI	D	-0.33%
ITW	B	-0.32%
HUM	F	-0.29%
HCA	D	-0.29%
REGN	F	-0.28%
GWW	B	-0.27%
ROST	F	-0.26%
TROW	B	-0.25%
NVR	D	-0.25%
ACGL	D	-0.24%
ABNB	C	-0.24%
BBY	D	-0.24%
MSCI	B	-0.23%
VRTX	B	-0.23%
ABT	B	-0.23%
PHM	D	-0.22%
CL	F	-0.22%
URI	B	-0.22%
FAST	B	-0.21%
PAYX	B	-0.2%
EA	A	-0.2%
FTNT	A	-0.19%
GEV	B	-0.19%
ODFL	B	-0.18%
LULU	C	-0.18%
KLAC	F	-0.18%
VST	B	-0.18%
FANG	D	-0.18%
BLDR	D	-0.17%
LPLA	A	-0.17%
ISRG	A	-0.17%
GRMN	A	-0.16%
ULTA	C	-0.16%
RS	B	-0.16%
TSCO	D	-0.16%
WSM	F	-0.16%
GEHC	D	-0.15%
EME	B	-0.15%
MNST	B	-0.15%
EXPD	F	-0.14%
ANET	C	-0.14%
DRI	B	-0.13%
FCNCA	B	-0.13%
SLB	D	-0.13%
CHTR	B	-0.13%
PSX	D	-0.12%
MAR	A	-0.12%
SNA	A	-0.12%
KEYS	B	-0.12%
DECK	B	-0.12%
CASY	A	-0.12%
MTD	F	-0.11%
UTHR	B	-0.11%
MTG	D	-0.11%
TPR	B	-0.11%
CPNG	C	-0.11%
MRO	B	-0.11%
BJ	B	-0.11%
SOLV	C	-0.11%
FDS	A	-0.1%
A	F	-0.1%
EVR	B	-0.1%
CMG	B	-0.1%
LUV	B	-0.1%
CTRA	C	-0.1%
HRB	D	-0.09%
CINF	A	-0.09%
AMG	C	-0.09%
HSY	D	-0.09%
ADI	D	-0.09%
BKR	B	-0.09%
ROK	B	-0.09%
DKS	D	-0.09%
GIS	F	-0.09%
TOL	B	-0.08%
AYI	A	-0.08%
CTAS	A	-0.08%
LYV	A	-0.08%
CBOE	D	-0.08%
MAS	D	-0.08%
PFGC	B	-0.08%
HPQ	B	-0.08%
WY	F	-0.08%
WST	C	-0.08%
CPRT	B	-0.07%
GPC	D	-0.07%
GGG	B	-0.07%
AOS	F	-0.07%
LNG	B	-0.07%
MOH	F	-0.07%
INCY	B	-0.07%
MRNA	F	-0.07%
FICO	A	-0.07%
LH	B	-0.07%
SEIC	A	-0.07%
SPGI	D	-0.07%
DOX	A	-0.07%
ATO	A	-0.07%
DLTR	F	-0.07%
WSO	A	-0.07%
TT	A	-0.07%
AMD	F	-0.07%
EXP	B	-0.06%
PGR	B	-0.06%
MKTX	C	-0.06%
PWR	B	-0.06%
TXRH	B	-0.06%
BX	B	-0.06%
EW	F	-0.06%
PKG	B	-0.06%
FFIV	B	-0.06%
HAL	D	-0.06%
OXY	F	-0.06%
TXT	D	-0.06%
K	A	-0.06%
CHRW	B	-0.06%
VRSN	C	-0.06%
ADSK	B	-0.06%
JBL	B	-0.06%
SKX	F	-0.06%
NTAP	C	-0.06%
BWA	B	-0.06%
POOL	D	-0.06%
CSX	B	-0.06%
CLX	B	-0.06%
ORCL	A	-0.05%
DCI	A	-0.05%
HOLX	D	-0.05%
OTIS	D	-0.05%
FND	F	-0.05%
ON	D	-0.05%
IP	B	-0.05%
ALGN	D	-0.05%
ITT	A	-0.05%
SAIA	B	-0.05%
INGR	B	-0.05%
LSTR	B	-0.05%
CSL	C	-0.05%
JBHT	B	-0.05%
BLD	F	-0.05%
APTV	F	-0.05%
MGM	F	-0.05%
MUSA	B	-0.05%
JKHY	C	-0.05%
RL	B	-0.05%
UHS	D	-0.05%
YUM	B	-0.05%
OSK	B	-0.04%
JNPR	C	-0.04%
USFD	A	-0.04%
CHE	D	-0.04%
J	B	-0.04%
WBD	C	-0.04%
X	B	-0.04%
COIN	B	-0.04%
NYT	C	-0.04%
ROL	B	-0.04%
ACM	B	-0.04%
ALSN	B	-0.04%
TSN	C	-0.04%
LPX	A	-0.04%
CNP	B	-0.04%
ARMK	C	-0.04%
COKE	D	-0.04%
BURL	C	-0.04%
LEA	F	-0.04%
PAYC	B	-0.04%
HLI	B	-0.04%
ALK	A	-0.04%
MCHP	F	-0.04%
GNTX	C	-0.04%
CHRD	F	-0.04%
LECO	B	-0.04%
CNM	D	-0.04%
DBX	B	-0.04%
FIX	B	-0.04%
CCL	A	-0.04%
EL	F	-0.03%
DD	D	-0.03%
MHK	D	-0.03%
RLI	A	-0.03%
SSD	D	-0.03%
CTVA	C	-0.03%
CRUS	F	-0.03%
OLN	D	-0.03%
LOPE	B	-0.03%
MTZ	B	-0.03%
CROX	F	-0.03%
CE	F	-0.03%
OVV	C	-0.03%
TTEK	C	-0.03%
FCN	D	-0.03%
PINC	B	-0.03%
PII	F	-0.03%
SJM	F	-0.03%
WTW	A	-0.03%
MSM	B	-0.03%
KNX	B	-0.03%
WAT	B	-0.03%
DPZ	C	-0.03%
THO	B	-0.03%
PVH	C	-0.03%
DGX	A	-0.03%
FOXA	A	-0.03%
AMGN	F	-0.03%
JHG	B	-0.03%
TER	D	-0.03%
GAP	C	-0.03%
VVV	B	-0.03%
TAP	B	-0.03%
MEDP	D	-0.03%
LAMR	D	-0.03%
AAL	B	-0.03%
LLY	D	-0.03%
EPAM	C	-0.03%
KNSL	C	-0.03%
EXEL	B	-0.03%
AMCR	D	-0.03%
DINO	D	-0.02%
BIIB	F	-0.02%
AR	B	-0.02%
BBWI	C	-0.02%
NEU	C	-0.02%
CDNS	B	-0.02%
CDW	F	-0.02%
HII	D	-0.02%
CPB	F	-0.02%
ALB	C	-0.02%
FIVE	F	-0.02%
APA	F	-0.02%
LKQ	D	-0.02%
IWB	A	-0.0%