GLOF vs. FHEQ ETF Comparison

Comparison of iShares Global Equity Factor ETF (GLOF) to Fidelity Hedged Equity ETF (FHEQ)

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.65

Average Daily Volume

4,366

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	GLOF	FHEQ
30 Days	1.47%	2.51%
60 Days	1.03%	3.80%
90 Days	1.65%	4.54%
12 Months	25.88%

73 Overlapping Holdings

Symbol	Grade	Weight in GLOF	Weight in FHEQ	Overlap
AAPL	C	4.28%	7.31%	4.28%
ABBV	D	0.62%	1.0%	0.62%
ADBE	C	0.19%	0.93%	0.19%
AMAT	F	0.33%	0.7%	0.33%
AMGN	D	0.2%	0.24%	0.2%
AMZN	C	2.18%	3.64%	2.18%
ANET	C	0.23%	0.08%	0.08%
AVGO	D	1.19%	1.49%	1.19%
AXP	A	0.21%	0.43%	0.21%
BAC	A	0.22%	1.17%	0.22%
BIIB	F	0.02%	0.21%	0.02%
BK	A	0.1%	0.36%	0.1%
BLK	C	0.12%	0.23%	0.12%
BMY	B	0.36%	0.68%	0.36%
BRK.A	B	0.19%	2.19%	0.19%
CAT	B	0.04%	0.48%	0.04%
COST	B	0.51%	0.45%	0.45%
CSCO	B	0.24%	0.79%	0.24%
CSX	B	0.02%	0.43%	0.02%
CTAS	B	0.48%	0.66%	0.48%
CVS	D	0.1%	0.22%	0.1%
CVX	A	0.06%	0.02%	0.02%
DOCU	A	0.39%	0.18%	0.18%
ETN	A	0.18%	0.15%	0.15%
FTNT	C	0.65%	0.24%	0.24%
GEHC	F	0.13%	0.17%	0.13%
GILD	C	0.27%	0.73%	0.27%
GL	B	0.02%	0.2%	0.02%
GOOG	C	2.61%	1.74%	1.74%
HD	A	0.7%	1.32%	0.7%
IDXX	F	0.07%	0.26%	0.07%
JNJ	D	0.6%	0.61%	0.6%
JPM	A	0.94%	1.82%	0.94%
KLAC	D	0.3%	0.54%	0.3%
KR	B	0.42%	0.11%	0.11%
LLY	F	0.73%	0.76%	0.73%
LRCX	F	0.2%	0.23%	0.2%
MA	C	0.52%	1.34%	0.52%
MDLZ	F	0.05%	0.07%	0.05%
META	D	1.35%	2.87%	1.35%
MRK	F	0.42%	0.69%	0.42%
MSCI	C	0.32%	0.49%	0.32%
MSFT	F	4.06%	5.64%	4.06%
MSI	B	0.49%	0.26%	0.26%
NOW	A	0.37%	0.34%	0.34%
NUE	C	0.2%	0.32%	0.2%
NVDA	C	4.5%	7.27%	4.5%
ORCL	B	0.4%	0.04%	0.04%
PCAR	B	0.01%	0.42%	0.01%
PFE	D	0.21%	0.56%	0.21%
PG	A	0.72%	0.87%	0.72%
PM	B	0.27%	0.92%	0.27%
PSA	D	0.2%	0.19%	0.19%
QCOM	F	0.35%	0.84%	0.35%
QRVO	F	0.03%	0.11%	0.03%
SPG	B	0.08%	0.16%	0.08%
SPGI	C	0.2%	0.28%	0.2%
T	A	0.35%	0.67%	0.35%
TJX	A	0.06%	0.73%	0.06%
TMO	F	0.34%	0.26%	0.26%
TRV	B	0.16%	0.49%	0.16%
TSLA	B	0.37%	1.26%	0.37%
TT	A	0.44%	0.69%	0.44%
UBER	D	0.09%	0.14%	0.09%
UNH	C	0.73%	0.57%	0.57%
UNP	C	0.11%	0.73%	0.11%
V	A	0.76%	0.47%	0.47%
VEEV	C	0.01%	0.12%	0.01%
VST	B	0.43%	0.11%	0.11%
VZ	C	0.1%	0.18%	0.1%
WFC	A	0.17%	0.15%	0.15%
WMT	A	0.65%	0.8%	0.65%
XOM	B	0.36%	1.54%	0.36%

GLOF Overweight 116 Positions Relative to FHEQ

Symbol	Grade	Weight
BKNG	A	0.77%
LOW	D	0.65%
FICO	B	0.62%
MCK	B	0.61%
PEP	F	0.61%
SYF	B	0.58%
TEAM	A	0.57%
MCD	D	0.53%
AMP	A	0.51%
CDNS	B	0.51%
INTU	C	0.5%
BLDR	D	0.48%
AZO	C	0.42%
LII	A	0.42%
BBY	D	0.39%
MTD	D	0.37%
FERG	B	0.36%
COF	B	0.35%
TXN	C	0.35%
MFG	B	0.34%
DELL	C	0.34%
ORLY	B	0.33%
PANW	C	0.33%
IT	C	0.33%
HPE	B	0.32%
EBAY	D	0.31%
TGT	F	0.31%
ELV	F	0.3%
CRWD	B	0.29%
STLD	B	0.29%
MELI	D	0.29%
ACN	C	0.29%
HPQ	B	0.28%
HOLX	D	0.25%
ABT	B	0.25%
ALLY	C	0.24%
ABNB	C	0.24%
GWW	B	0.24%
MUFG	B	0.22%
PHM	D	0.22%
YUM	B	0.22%
SNPS	B	0.22%
MPC	D	0.21%
KO	D	0.2%
NVR	D	0.2%
DVA	B	0.2%
MOH	F	0.2%
FNF	B	0.2%
DFS	B	0.19%
SBUX	A	0.19%
AFL	B	0.18%
LYB	F	0.18%
LIN	D	0.18%
EMR	A	0.18%
STT	A	0.18%
VLTO	D	0.17%
MAS	D	0.17%
HUBS	A	0.17%
LI	F	0.16%
VRTX	F	0.15%
ZS	C	0.14%
HUM	C	0.14%
MRO	B	0.14%
SIRI	C	0.13%
GS	A	0.13%
HSY	F	0.13%
VLO	C	0.13%
COP	C	0.13%
NTAP	C	0.12%
URI	B	0.11%
EG	C	0.1%
CDW	F	0.1%
PFG	D	0.1%
DTE	C	0.09%
A	D	0.09%
FOXA	B	0.09%
SMFG	B	0.09%
NKE	D	0.08%
DE	A	0.08%
GM	B	0.08%
NWS	B	0.08%
TM	D	0.08%
IBM	C	0.08%
DOW	F	0.08%
LULU	C	0.07%
CF	B	0.07%
ULTA	F	0.06%
CRH	A	0.06%
NDAQ	A	0.06%
LINE	F	0.05%
FWONA	B	0.05%
PAYX	C	0.05%
PH	A	0.05%
CHTR	C	0.05%
CPNG	D	0.05%
FRT	B	0.04%
DOX	D	0.04%
TSCO	D	0.04%
EA	A	0.04%
MCO	B	0.03%
MRNA	F	0.03%
MTCH	D	0.03%
NI	A	0.03%
REG	B	0.03%
WIT	A	0.02%
STX	D	0.02%
OMC	C	0.02%
VICI	C	0.02%
WY	D	0.02%
MOS	F	0.02%
VRSN	F	0.02%
MDT	D	0.01%
OKTA	C	0.01%
PLD	D	0.01%
CEG	D	0.01%
DHR	F	0.01%

GLOF Underweight 95 Positions Relative to FHEQ

Symbol	Grade	Weight
GOOGL	C	-2.02%
NFLX	A	-1.26%
CRM	B	-1.09%
CMCSA	B	-0.83%
NEE	D	-0.73%
LMT	D	-0.69%
CI	F	-0.63%
PGR	A	-0.63%
ECL	D	-0.62%
SQ	B	-0.59%
BDX	F	-0.59%
CL	D	-0.58%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
SEIC	B	-0.54%
C	A	-0.54%
PYPL	B	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
CMG	B	-0.49%
MU	D	-0.47%
ZBRA	B	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
EOG	A	-0.43%
EXEL	B	-0.43%
CAH	B	-0.4%
ALRM	C	-0.4%
WM	A	-0.38%
CME	A	-0.37%
TDC	D	-0.35%
PPG	F	-0.34%
ANF	C	-0.33%
LDOS	C	-0.32%
MEDP	D	-0.31%
GRMN	B	-0.31%
CACI	D	-0.3%
TMUS	B	-0.29%
SKYW	B	-0.29%
HWM	A	-0.27%
INCY	C	-0.27%
NSC	B	-0.26%
AMT	D	-0.24%
TROW	B	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
MMM	D	-0.22%
XEL	A	-0.21%
RSG	A	-0.2%
CLX	B	-0.2%
GAP	C	-0.18%
HLT	A	-0.18%
LNW	D	-0.17%
FTI	A	-0.17%
ADP	B	-0.16%
WDAY	B	-0.16%
MS	A	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
GEN	B	-0.13%
DASH	A	-0.12%
CINF	A	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
ROST	C	-0.1%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
DOC	D	-0.08%
ALL	A	-0.07%
BCC	B	-0.07%
L	A	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
UTHR	C	-0.05%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%