HELO vs. FDMO ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to Fidelity Momentum Factor ETF (FDMO)

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.42

Average Daily Volume

35,646

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

Performance

Period	HELO	FDMO
30 Days	1.57%	6.00%
60 Days	3.39%	8.27%
90 Days	4.59%	10.44%
12 Months	20.91%	42.98%

47 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in FDMO	Overlap
AAPL	C	6.83%	6.8%	6.8%
ABBV	D	1.14%	1.08%	1.08%
AMZN	C	4.5%	3.76%	3.76%
ANET	C	0.15%	0.82%	0.15%
AVGO	D	1.02%	2.03%	1.02%
AXP	A	0.21%	0.9%	0.21%
BAC	A	1.26%	1.21%	1.21%
BKNG	A	0.75%	0.66%	0.66%
BRK.A	B	1.53%	2.14%	1.53%
BSX	B	0.52%	0.95%	0.52%
CARR	D	0.46%	0.51%	0.46%
COST	B	0.53%	0.92%	0.53%
CVX	A	0.18%	0.67%	0.18%
DHR	F	0.44%	0.92%	0.44%
DLR	B	0.39%	0.24%	0.24%
FICO	B	0.12%	0.86%	0.12%
FIS	C	0.52%	0.65%	0.52%
GOOGL	C	2.09%	3.54%	2.09%
GS	A	0.75%	0.99%	0.75%
HCA	F	0.11%	0.78%	0.11%
HWM	A	0.62%	0.52%	0.52%
KKR	A	0.2%	0.8%	0.2%
KO	D	0.63%	0.61%	0.61%
LDOS	C	0.39%	0.38%	0.38%
LIN	D	0.82%	0.51%	0.51%
LLY	F	1.07%	1.68%	1.07%
META	D	2.9%	2.39%	2.39%
MO	A	0.15%	0.37%	0.15%
MSFT	F	7.13%	6.21%	6.21%
MSI	B	0.17%	0.88%	0.17%
NEE	D	0.83%	0.47%	0.47%
NRG	B	0.04%	0.24%	0.04%
NVDA	C	7.8%	6.97%	6.97%
PG	A	0.14%	0.92%	0.14%
PGR	A	0.75%	0.87%	0.75%
PM	B	0.32%	0.55%	0.32%
RCL	A	0.34%	0.48%	0.34%
T	A	0.18%	0.52%	0.18%
TDG	D	0.52%	0.5%	0.5%
TMUS	B	0.17%	0.45%	0.17%
TSLA	B	1.58%	2.03%	1.58%
TT	A	0.96%	0.59%	0.59%
UBER	D	0.58%	0.67%	0.58%
URI	B	0.13%	0.5%	0.13%
VST	B	0.1%	0.31%	0.1%
WELL	A	0.27%	0.28%	0.27%
XOM	B	1.43%	1.12%	1.12%

HELO Overweight 114 Positions Relative to FDMO

Symbol	Grade	Weight
MA	C	1.72%
UNH	C	1.62%
V	A	1.49%
GOOG	C	1.46%
CRM	B	1.15%
WFC	A	1.0%
LOW	D	0.99%
HON	B	0.98%
NOW	A	0.94%
TMO	F	0.89%
TXN	C	0.87%
SO	D	0.84%
PEP	F	0.83%
COP	C	0.81%
MCD	D	0.81%
SYK	C	0.76%
NXPI	D	0.72%
ADI	D	0.72%
MDLZ	F	0.72%
CMCSA	B	0.71%
BMY	B	0.68%
DE	A	0.68%
AZO	C	0.65%
VRTX	F	0.6%
CME	A	0.59%
MU	D	0.57%
TFC	A	0.56%
UPS	C	0.54%
INTU	C	0.51%
CMG	B	0.51%
JNJ	D	0.51%
PLD	D	0.5%
OTIS	C	0.5%
PCG	A	0.5%
YUM	B	0.5%
CTSH	B	0.49%
FITB	A	0.48%
CPAY	A	0.47%
EOG	A	0.47%
MDT	D	0.46%
REGN	F	0.45%
AMD	F	0.45%
AON	A	0.44%
ROST	C	0.44%
SCHW	B	0.42%
STX	D	0.41%
CSX	B	0.41%
VTR	C	0.39%
ETN	A	0.38%
LRCX	F	0.37%
ORCL	B	0.36%
HLT	A	0.36%
DOW	F	0.35%
TRV	B	0.34%
CI	F	0.34%
FDX	B	0.33%
USB	A	0.33%
MNST	C	0.32%
SBAC	D	0.31%
FANG	D	0.31%
DIS	B	0.31%
MET	A	0.3%
C	A	0.3%
CHD	B	0.3%
EXPE	B	0.29%
TXT	D	0.29%
KVUE	A	0.26%
CHTR	C	0.25%
BKR	B	0.24%
BURL	A	0.24%
MRK	F	0.24%
LYB	F	0.23%
IR	B	0.23%
DAL	C	0.23%
MAS	D	0.23%
PPG	F	0.21%
ACN	C	0.21%
BBY	D	0.2%
AMP	A	0.2%
ABT	B	0.19%
ELS	C	0.19%
HPE	B	0.18%
PCAR	B	0.18%
ADBE	C	0.18%
WDC	D	0.18%
NOC	D	0.17%
CDNS	B	0.17%
UNP	C	0.17%
MCK	B	0.16%
MLM	B	0.16%
HUM	C	0.16%
LEN	D	0.14%
MMC	B	0.14%
TGT	F	0.14%
SQ	B	0.14%
LULU	C	0.13%
PFG	D	0.13%
BIIB	F	0.12%
NUE	C	0.11%
DASH	A	0.11%
CMS	C	0.1%
APTV	D	0.1%
WMG	C	0.1%
NBIX	C	0.08%
EQIX	A	0.07%
SIRI	C	0.07%
EQT	B	0.06%
BAX	D	0.06%
MRVL	B	0.06%
AME	A	0.06%
EL	F	0.05%
BMRN	D	0.03%
SRPT	D	0.03%
LKQ	D	0.02%

HELO Underweight 75 Positions Relative to FDMO

Symbol	Grade	Weight
JPM	A	-1.88%
PLTR	B	-1.3%
APP	B	-1.27%
COIN	C	-1.09%
HD	A	-1.08%
ISRG	A	-1.06%
NFLX	A	-0.88%
NTRA	B	-0.87%
WMT	A	-0.86%
HOOD	B	-0.83%
QTWO	A	-0.78%
GDDY	A	-0.78%
CVLT	B	-0.74%
GKOS	B	-0.74%
GE	D	-0.74%
CAT	B	-0.73%
RVMD	C	-0.73%
SYF	B	-0.72%
THC	D	-0.72%
BK	A	-0.7%
RNA	D	-0.7%
EVR	B	-0.67%
HIG	B	-0.67%
RTX	C	-0.66%
TJX	A	-0.61%
JXN	C	-0.59%
MPWR	F	-0.56%
CTAS	B	-0.54%
VRT	B	-0.51%
GM	B	-0.5%
FIX	A	-0.47%
EME	C	-0.47%
MLI	C	-0.44%
ZETA	D	-0.43%
EBAY	D	-0.42%
DY	D	-0.42%
TRU	D	-0.4%
SN	D	-0.39%
CVNA	B	-0.38%
DUK	C	-0.35%
CL	D	-0.33%
TTD	B	-0.32%
LUMN	C	-0.32%
WMB	A	-0.3%
OKE	A	-0.3%
SHW	A	-0.29%
CEG	D	-0.29%
KMI	A	-0.28%
PEG	A	-0.28%
KMB	D	-0.28%
AEP	D	-0.28%
TRGP	B	-0.27%
SPG	B	-0.25%
FRPT	B	-0.24%
TPL	A	-0.24%
PSA	D	-0.24%
SFM	A	-0.24%
ECL	D	-0.23%
CBRE	B	-0.21%
NEM	D	-0.2%
DTM	B	-0.2%
EXR	D	-0.2%
IRM	D	-0.19%
EQR	B	-0.19%
FTI	A	-0.19%
ESS	B	-0.18%
SW	A	-0.17%
JLL	D	-0.16%
CRS	A	-0.16%
PKG	A	-0.16%
IFF	D	-0.15%
SLG	B	-0.15%
VNO	B	-0.15%
LPX	B	-0.15%
ATI	D	-0.14%