IWFG vs. FFLG ETF Comparison

Comparison of IQ MacKay Municipal Insured ETF (IWFG) to Fidelity Fundamental Large Cap Growth ETF (FFLG)

IWFG

IQ MacKay Municipal Insured ETF

IWFG Description

The Fund seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IWFG typically invests in a portfolio of 25-35 stocks, allocating 10-60% across each growth type. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of large-cap companies. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.58

Average Daily Volume

210

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund invests in both US and non-US companies. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$23.64

Average Daily Volume

45,918

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	IWFG	FFLG
30 Days	0.66%	1.23%
60 Days	8.02%	8.27%
90 Days	-1.69%	-1.68%
12 Months	45.89%	43.06%

13 Overlapping Holdings

Symbol	Grade	Weight in IWFG	Weight in FFLG	Overlap
AAPL	C	4.6%	2.2%	2.2%
ADBE	F	2.6%	1.01%	1.01%
AMZN	C	7.81%	5.21%	5.21%
AVGO	C	4.75%	0.04%	0.04%
GOOG	C	4.86%	4.66%	4.66%
INTU	F	2.41%	0.58%	0.58%
MA	A	3.13%	0.59%	0.59%
META	A	3.64%	5.36%	3.64%
MSFT	C	11.39%	10.56%	10.56%
NFLX	C	2.12%	0.55%	0.55%
NOW	C	2.38%	0.84%	0.84%
NVDA	C	7.84%	7.82%	7.82%
UBER	C	1.87%	3.45%	1.87%

IWFG Overweight 16 Positions Relative to FFLG

Symbol	Grade	Weight
ADI	C	3.22%
SPOT	B	3.13%
TT	A	3.12%
ORLY	A	2.93%
KKR	C	2.72%
ISRG	C	2.57%
HD	A	2.55%
LRCX	F	2.47%
MELI	C	2.31%
CMG	C	2.26%
ASML	F	2.09%
SNPS	F	2.08%
BKNG	C	1.85%
WDAY	D	1.56%
HLT	B	1.52%
APH	D	1.35%

IWFG Underweight 87 Positions Relative to FFLG

Symbol	Grade	Weight
TMUS	A	-2.86%
GOOGL	C	-2.8%
ROKU	D	-2.65%
UNH	B	-2.14%
AMD	D	-1.93%
ON	F	-1.9%
BSX	A	-1.88%
SQ	D	-1.85%
FLEX	B	-1.84%
NXPI	F	-1.81%
SE	A	-1.73%
V	C	-1.57%
GPN	F	-1.32%
LLY	D	-1.25%
VRT	B	-1.2%
LPLA	D	-1.04%
FND	B	-0.97%
MDB	D	-0.92%
ORCL	C	-0.91%
HUM	F	-0.89%
MQ	F	-0.87%
SNAP	D	-0.87%
EPAM	F	-0.86%
MRVL	C	-0.8%
CRM	C	-0.77%
BA	F	-0.74%
ZI	D	-0.68%
DT	C	-0.67%
CVNA	A	-0.66%
PCG	B	-0.64%
DDOG	D	-0.64%
TSM	C	-0.64%
HUBS	D	-0.55%
CYTK	F	-0.55%
PEN	D	-0.54%
DLO	F	-0.51%
CNC	F	-0.5%
CEG	B	-0.49%
JBL	D	-0.47%
AGL	F	-0.46%
TMDX	D	-0.46%
TMO	C	-0.42%
BJ	D	-0.4%
PCVX	B	-0.4%
LOW	A	-0.4%
DHR	B	-0.38%
AMT	C	-0.38%
INTA	C	-0.36%
AR	C	-0.34%
LYFT	D	-0.29%
MGNI	D	-0.29%
GFS	F	-0.28%
AMAT	D	-0.26%
LITE	C	-0.26%
ACVA	C	-0.25%
DV	F	-0.23%
ARGX	A	-0.22%
OVV	F	-0.22%
CLDX	F	-0.22%
PANW	D	-0.19%
LULU	D	-0.17%
ETN	C	-0.17%
COHR	B	-0.16%
PSTG	F	-0.15%
BE	F	-0.14%
KO	B	-0.14%
APO	A	-0.12%
NUVL	B	-0.11%
MRNA	F	-0.1%
ACN	B	-0.1%
NVO	F	-0.1%
REGN	D	-0.1%
ALNY	B	-0.1%
CHTR	D	-0.09%
ZNTL	D	-0.08%
KROS	C	-0.07%
ALXO	F	-0.06%
SNOW	F	-0.06%
W	D	-0.05%
ANET	B	-0.05%
FSLR	C	-0.05%
VLTO	C	-0.04%
ARM	C	-0.03%
LEN	B	-0.02%
TSLA	B	-0.01%
ASND	C	-0.0%
ALHC	C	-0.0%