FVAL vs. TQQQ ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to ProShares UltraPro QQQ (TQQQ)

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

$59.81

Average Daily Volume

55,847

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

TQQQ

ProShares UltraPro QQQ

TQQQ Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 IndexÂ®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$69.30

Average Daily Volume

63,533,645

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	TQQQ
30 Days	2.44%	-0.40%
60 Days	2.80%	-0.68%
90 Days	5.00%	-4.77%
12 Months	24.77%	88.51%

19 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in TQQQ	Overlap
AAPL	C	6.96%	3.45%	3.45%
ADP	B	0.63%	0.3%	0.3%
AEP	C	0.3%	0.14%	0.14%
AMZN	C	3.76%	1.96%	1.96%
BKNG	C	0.73%	0.34%	0.34%
CMCSA	D	0.59%	0.4%	0.4%
CTSH	C	0.8%	0.1%	0.1%
EXC	C	0.28%	0.1%	0.1%
GILD	B	0.95%	0.27%	0.27%
GOOGL	D	3.57%	0.92%	0.92%
HON	D	0.64%	0.35%	0.35%
INTC	F	0.65%	0.21%	0.21%
LIN	B	0.58%	0.59%	0.58%
META	B	2.54%	1.85%	1.85%
MSFT	C	6.96%	3.2%	3.2%
MU	F	0.84%	0.25%	0.25%
NVDA	D	6.47%	2.96%	2.96%
PCAR	D	0.47%	0.13%	0.13%
QCOM	D	1.1%	0.48%	0.48%

FVAL Overweight 105 Positions Relative to TQQQ

Symbol	Grade	Weight
BRK.A	C	2.08%
UNH	C	1.78%
JPM	D	1.62%
JNJ	C	1.49%
V	C	1.4%
ABBV	C	1.38%
MRK	D	1.28%
CRM	D	1.21%
ACN	C	1.2%
HD	B	1.2%
IBM	B	1.2%
PG	C	1.17%
XOM	C	1.12%
WMT	C	1.08%
BAC	D	0.99%
ELV	C	0.97%
CI	C	0.96%
MCD	B	0.9%
BMY	C	0.9%
ZM	C	0.86%
WFC	D	0.81%
CVS	D	0.81%
AXP	B	0.79%
CNC	D	0.75%
CAT	B	0.73%
SWKS	D	0.72%
RPRX	C	0.7%
HPE	D	0.69%
VZ	B	0.68%
UNP	C	0.68%
C	C	0.66%
TRV	C	0.65%
T	C	0.63%
LMT	C	0.63%
CVX	D	0.62%
DE	B	0.62%
RNR	C	0.57%
GM	C	0.57%
COF	B	0.57%
EBAY	B	0.56%
MMM	B	0.55%
UPS	D	0.55%
MO	C	0.55%
EG	C	0.54%
NEE	C	0.54%
PRU	C	0.54%
DFS	B	0.53%
KVUE	C	0.53%
F	F	0.52%
EXPE	C	0.52%
SYF	C	0.51%
TGT	C	0.5%
JXN	A	0.49%
FDX	C	0.49%
UAL	C	0.48%
LVS	D	0.48%
DAL	C	0.47%
CMI	C	0.46%
OZK	D	0.46%
KMB	D	0.46%
G	C	0.45%
WYNN	D	0.45%
KR	C	0.43%
ADM	D	0.41%
RHI	D	0.4%
M	F	0.4%
COP	D	0.39%
AGCO	D	0.39%
PLD	C	0.38%
DUK	C	0.37%
OC	D	0.37%
ACI	F	0.36%
BG	D	0.36%
PSA	B	0.29%
PARA	F	0.29%
EOG	D	0.29%
PCG	C	0.28%
MPC	F	0.27%
NEM	B	0.27%
SPG	B	0.26%
ATKR	F	0.26%
O	C	0.26%
FCX	D	0.25%
NRG	C	0.24%
VICI	C	0.23%
CBRE	A	0.22%
VLO	F	0.22%
ARE	C	0.2%
DOW	D	0.2%
NFG	B	0.2%
WPC	C	0.19%
BXP	B	0.19%
DVN	F	0.19%
UGI	C	0.19%
NUE	F	0.19%
LYB	D	0.18%
HST	C	0.18%
GLPI	C	0.18%
CF	C	0.17%
JLL	B	0.17%
MUR	F	0.15%
STLD	F	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 82 Positions Relative to TQQQ

Symbol	Grade	Weight
AVGO	C	-1.99%
TSLA	C	-1.12%
COST	B	-1.06%
GOOG	D	-0.88%
NFLX	B	-0.77%
ADBE	F	-0.69%
AMD	D	-0.64%
PEP	C	-0.63%
TMUS	C	-0.62%
CSCO	C	-0.52%
TXN	C	-0.47%
INTU	C	-0.47%
ISRG	B	-0.46%
AMGN	B	-0.46%
AMAT	D	-0.4%
REGN	C	-0.33%
VRTX	D	-0.32%
ADI	C	-0.29%
PANW	D	-0.29%
SBUX	C	-0.29%
MELI	B	-0.28%
KLAC	D	-0.26%
MDLZ	B	-0.26%
LRCX	F	-0.25%
CTAS	B	-0.22%
SNPS	D	-0.2%
ASML	F	-0.19%
CDNS	D	-0.19%
PYPL	B	-0.19%
MRVL	C	-0.17%
PDD	F	-0.17%
CSX	D	-0.17%
MAR	C	-0.17%
ORLY	C	-0.17%
CEG	C	-0.16%
ADSK	C	-0.15%
FTNT	C	-0.15%
NXPI	F	-0.15%
ROP	C	-0.15%
CRWD	D	-0.15%
ABNB	D	-0.14%
MNST	D	-0.14%
WDAY	D	-0.14%
PAYX	C	-0.13%
CHTR	D	-0.13%
DASH	C	-0.13%
KDP	B	-0.13%
ROST	C	-0.13%
AZN	D	-0.12%
TTD	B	-0.12%
CPRT	D	-0.12%
MCHP	F	-0.11%
IDXX	C	-0.11%
ODFL	D	-0.11%
KHC	C	-0.11%
CCEP	B	-0.1%
VRSK	D	-0.1%
EA	D	-0.1%
GEHC	C	-0.1%
FAST	C	-0.1%
BKR	C	-0.09%
DDOG	D	-0.09%
XEL	B	-0.09%
CDW	D	-0.08%
ON	D	-0.08%
FANG	D	-0.08%
LULU	D	-0.08%
CSGP	D	-0.08%
SMCI	F	-0.07%
TTWO	C	-0.07%
TEAM	D	-0.07%
MRNA	F	-0.07%
DXCM	F	-0.07%
ANSS	D	-0.07%
BIIB	F	-0.07%
MDB	D	-0.06%
GFS	F	-0.06%
ZS	F	-0.06%
WBD	D	-0.05%
ILMN	C	-0.05%
DLTR	F	-0.04%
ARM	D	-0.04%