FVAL vs. SPVM ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Invesco S&P 500 Value with Momentum ETF (SPVM)

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

SPVM

Invesco S&P 500 Value with Momentum ETF

SPVM Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500 High Momentum Value Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 100 stocks in the S&P 500® that have the highest value and momentum scores.

Grade (RS Rating)

Last Trade

$58.78

Average Daily Volume

2,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	SPVM
30 Days	4.67%	2.50%
60 Days	10.40%	10.08%
90 Days	4.82%	9.69%
12 Months	30.90%	28.58%

38 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in SPVM	Overlap
BAC	B	0.98%	0.97%	0.97%
BG	F	0.36%	1.7%	0.36%
BRK.A	B	2.08%	1.03%	1.03%
BXP	B	0.19%	0.73%	0.19%
C	B	0.69%	1.11%	0.69%
CBRE	C	0.23%	0.96%	0.23%
CI	D	0.9%	1.04%	0.9%
CMI	A	0.48%	0.71%	0.48%
COF	A	0.6%	1.37%	0.6%
COP	D	0.39%	0.66%	0.39%
CTSH	B	0.78%	0.83%	0.78%
DAL	C	0.53%	1.4%	0.53%
DOW	B	0.21%	0.69%	0.21%
DUK	C	0.36%	0.72%	0.36%
EBAY	A	0.55%	0.84%	0.55%
ELV	F	0.9%	0.8%	0.8%
EOG	B	0.29%	0.86%	0.29%
FDX	F	0.45%	1.1%	0.45%
GM	D	0.56%	1.95%	0.56%
HPE	B	0.79%	1.33%	0.79%
HST	D	0.18%	0.68%	0.18%
JPM	C	1.63%	0.87%	0.87%
KR	C	0.43%	1.46%	0.43%
LYB	B	0.18%	0.93%	0.18%
MPC	D	0.26%	1.4%	0.26%
NRG	A	0.27%	1.12%	0.27%
NUE	D	0.2%	1.03%	0.2%
PCAR	D	0.48%	0.74%	0.48%
PRU	B	0.55%	1.08%	0.55%
STLD	C	0.17%	1.11%	0.17%
SWKS	F	0.68%	0.59%	0.59%
SYF	A	0.52%	1.47%	0.52%
TRV	B	0.63%	0.97%	0.63%
VLO	F	0.22%	1.56%	0.22%
VZ	C	0.67%	0.98%	0.67%
WFC	B	0.84%	0.97%	0.84%
WMT	A	1.04%	0.72%	0.72%
XOM	A	1.14%	0.86%	0.86%

FVAL Overweight 86 Positions Relative to SPVM

Symbol	Grade	Weight
AAPL	C	6.97%
MSFT	D	6.76%
NVDA	B	6.45%
AMZN	C	3.71%
GOOGL	B	3.64%
META	A	2.69%
UNH	B	1.71%
JNJ	D	1.42%
ABBV	C	1.35%
V	B	1.31%
CRM	B	1.28%
MRK	F	1.23%
HD	A	1.23%
IBM	A	1.21%
ACN	B	1.17%
PG	D	1.14%
QCOM	D	1.09%
MU	D	0.97%
GILD	A	0.94%
BMY	A	0.91%
MCD	A	0.9%
ZM	B	0.87%
CVS	D	0.84%
AXP	A	0.81%
CAT	A	0.8%
BKNG	B	0.77%
INTC	D	0.77%
CNC	F	0.73%
RPRX	D	0.69%
UNP	F	0.66%
HON	C	0.64%
DE	C	0.64%
LMT	A	0.63%
T	B	0.62%
CVX	B	0.62%
CMCSA	B	0.61%
LVS	B	0.61%
ADP	A	0.6%
LIN	C	0.58%
RNR	A	0.58%
UPS	D	0.57%
EXPE	B	0.56%
UAL	A	0.55%
MMM	C	0.55%
WYNN	B	0.55%
DFS	A	0.55%
EG	A	0.54%
NEE	C	0.53%
KVUE	C	0.52%
MO	D	0.52%
JXN	A	0.52%
F	D	0.51%
TGT	C	0.5%
KMB	D	0.45%
OZK	D	0.45%
G	A	0.44%
AGCO	D	0.41%
RHI	D	0.41%
M	D	0.4%
ADM	F	0.4%
OC	C	0.38%
PLD	D	0.36%
ACI	F	0.34%
FCX	B	0.3%
AEP	C	0.29%
PARA	F	0.29%
PSA	C	0.28%
PCG	C	0.28%
EXC	C	0.27%
O	C	0.26%
SPG	A	0.26%
NEM	C	0.26%
ATKR	F	0.25%
VICI	C	0.22%
NFG	A	0.2%
ARE	D	0.19%
UGI	C	0.19%
JLL	C	0.18%
CF	A	0.18%
WPC	C	0.18%
DVN	F	0.18%
GLPI	C	0.17%
MOS	F	0.14%
MUR	F	0.14%
CLF	D	0.13%
CIVI	F	0.13%

FVAL Underweight 60 Positions Relative to SPVM

Symbol	Grade	Weight
MTB	A	-1.51%
CINF	A	-1.49%
PSX	D	-1.43%
L	C	-1.39%
DHI	C	-1.35%
STT	A	-1.35%
BBY	C	-1.32%
AIZ	B	-1.3%
LEN	C	-1.26%
PHM	C	-1.23%
JBL	C	-1.2%
HBAN	B	-1.2%
ACGL	A	-1.17%
AIG	C	-1.17%
BK	A	-1.15%
UHS	D	-1.14%
KEY	B	-1.14%
AFL	A	-1.13%
HIG	A	-1.13%
USB	C	-1.12%
MOH	F	-1.11%
PNC	C	-1.1%
FITB	C	-1.09%
MET	A	-1.06%
BALL	C	-1.04%
HII	F	-1.01%
VTRS	D	-1.01%
COR	F	-0.98%
CE	D	-0.98%
CB	A	-0.97%
BLDR	C	-0.96%
EMN	C	-0.95%
SW	C	-0.95%
CAH	B	-0.93%
EMR	B	-0.92%
KMI	A	-0.89%
MRO	B	-0.89%
ATO	A	-0.89%
ALL	A	-0.86%
SWK	C	-0.86%
BKR	B	-0.85%
OMC	C	-0.85%
GS	B	-0.85%
MCK	F	-0.81%
WRB	C	-0.79%
IP	C	-0.75%
TXT	F	-0.75%
RJF	B	-0.74%
DGX	D	-0.73%
FANG	D	-0.71%
SNA	C	-0.7%
NCLH	C	-0.69%
CCL	C	-0.69%
DVA	C	-0.67%
EQT	C	-0.67%
PEG	A	-0.66%
OKE	A	-0.65%
HAL	D	-0.64%
J	F	-0.63%
CTRA	D	-0.63%