JPST vs. FHEQ ETF Comparison

Comparison of JPMorgan Ultra-Short Income ETF (JPST) to Fidelity Hedged Equity ETF (FHEQ)

JPST

JPMorgan Ultra-Short Income ETF

JPST Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$50.48

Average Daily Volume

5,226,050

Number of Holdings ^*

111

* 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

$27.56

Average Daily Volume

23,672

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

Performance

Period	JPST	FHEQ
30 Days	0.23%	0.33%
60 Days	0.52%	3.96%
90 Days	1.17%	4.83%
12 Months	6.02%

29 Overlapping Holdings

Symbol	Grade	Weight in JPST	Weight in FHEQ	Overlap
AAPL	C	0.12%	7.05%	0.12%
ABBV	F	0.04%	1.0%	0.04%
AXP	A	0.01%	0.42%	0.01%
BAC	A	0.01%	1.13%	0.01%
BCC	B	0.03%	0.07%	0.03%
BK	A	0.01%	0.35%	0.01%
BMY	B	0.01%	0.77%	0.01%
C	A	0.01%	0.53%	0.01%
CAT	B	0.01%	0.48%	0.01%
CI	D	0.08%	0.65%	0.08%
DIS	A	0.02%	0.42%	0.02%
ETN	A	0.02%	0.15%	0.02%
GILD	B	0.13%	0.77%	0.13%
IFF	D	0.08%	0.05%	0.05%
KR	B	0.07%	0.11%	0.07%
LDOS	C	0.26%	0.39%	0.26%
MDLZ	F	0.04%	0.07%	0.04%
MMM	D	0.01%	0.22%	0.01%
MS	A	0.05%	0.16%	0.05%
NEE	C	0.03%	0.69%	0.03%
ORCL	A	0.04%	0.04%	0.04%
PFE	F	0.01%	0.58%	0.01%
PM	A	0.01%	0.85%	0.01%
SCHW	A	0.01%	0.53%	0.01%
T	A	0.14%	0.63%	0.14%
TMO	D	0.74%	0.28%	0.28%
UNH	B	0.01%	0.58%	0.01%
VZ	C	0.16%	0.2%	0.16%
XOM	B	0.06%	1.51%	0.06%

JPST Overweight 82 Positions Relative to FHEQ

Symbol	Grade	Weight
CASH	A	2.2%
AZN	F	0.57%
EQH	B	0.35%
KDP	D	0.31%
CCEP	D	0.3%
ATO	A	0.3%
MCD	D	0.29%
BXMT	D	0.25%
SNX	D	0.23%
TDY	B	0.22%
HART	D	0.19%
BA	F	0.18%
D	C	0.17%
OGS	A	0.17%
ETR	A	0.16%
CNP	A	0.14%
DB	C	0.13%
CAG	F	0.13%
SO	C	0.11%
WFC	A	0.11%
VTRS	A	0.1%
GM	A	0.1%
FITB	A	0.1%
HUM	F	0.09%
WEC	A	0.09%
MLM	B	0.09%
JBHT	B	0.09%
STT	A	0.08%
DT	C	0.08%
NEM	F	0.08%
DUK	C	0.08%
CFG	A	0.07%
BX	A	0.07%
HSBC	A	0.07%
SBUX	A	0.06%
BG	D	0.06%
ACR	A	0.06%
SEB	F	0.06%
AEP	C	0.05%
AL	A	0.05%
BHF	A	0.04%
KKR	A	0.04%
COF	A	0.04%
PL	B	0.04%
ARES	B	0.03%
CHD	A	0.03%
R	A	0.03%
ROP	C	0.03%
BMO	A	0.03%
HON	A	0.02%
WLK	F	0.02%
MSC	F	0.02%
AZO	C	0.02%
GSK	F	0.02%
AER	B	0.02%
BNS	A	0.02%
EPD	A	0.01%
ABT	B	0.01%
IBM	D	0.01%
ICE	D	0.01%
MCO	C	0.01%
DHR	D	0.01%
CSL	B	0.01%
PSX	C	0.01%
PNC	A	0.01%
HBAN	A	0.01%
ES	C	0.01%
JXN	B	0.01%
MET	A	0.01%
UBS	B	0.01%
RY	C	0.01%
TFC	A	0.01%
DE	D	0.01%
KEY	A	0.01%
MUFG	A	0.01%
GS	A	0.01%
NWG	A	0.01%
TD	D	0.01%
PFG	C	0.01%
CM	B	0.01%
USB	B	0.01%
AIG	B	0.01%

JPST Underweight 140 Positions Relative to FHEQ

Symbol	Grade	Weight
NVDA	B	-7.54%
MSFT	D	-5.62%
AMZN	B	-3.61%
META	C	-2.96%
BRK.A	A	-2.12%
GOOGL	B	-2.05%
GOOG	B	-1.98%
JPM	A	-1.75%
AVGO	C	-1.73%
MA	A	-1.33%
HD	A	-1.27%
CRM	A	-1.23%
NFLX	A	-1.21%
TSLA	B	-1.15%
ADBE	F	-0.96%
LLY	F	-0.84%
CMCSA	B	-0.83%
QCOM	F	-0.82%
PG	C	-0.82%
CSCO	B	-0.8%
WMT	A	-0.79%
AMAT	F	-0.75%
LMT	D	-0.73%
UNP	D	-0.73%
TJX	A	-0.72%
TT	A	-0.68%
CTAS	B	-0.67%
MRK	F	-0.66%
PGR	B	-0.64%
ECL	D	-0.61%
SQ	A	-0.6%
BDX	F	-0.59%
JNJ	D	-0.59%
NOC	D	-0.59%
CSX	B	-0.58%
KLAC	F	-0.57%
ZM	B	-0.57%
CL	D	-0.55%
CMG	B	-0.55%
SEIC	A	-0.54%
PYPL	A	-0.54%
DBX	C	-0.53%
MU	D	-0.53%
MMC	C	-0.52%
TRV	A	-0.52%
DVN	F	-0.51%
CVNA	A	-0.51%
EXEL	B	-0.5%
TXT	D	-0.49%
IGT	F	-0.49%
MSCI	A	-0.49%
ZBRA	B	-0.48%
V	A	-0.46%
RTX	D	-0.45%
COST	B	-0.45%
GE	D	-0.45%
PCAR	B	-0.43%
CAH	B	-0.42%
SPGI	C	-0.41%
ALLE	D	-0.4%
WM	B	-0.38%
CACI	C	-0.37%
CME	A	-0.36%
MEDP	D	-0.35%
TDC	F	-0.34%
NOW	B	-0.34%
NUE	D	-0.33%
ANF	C	-0.33%
PPG	F	-0.32%
WTW	B	-0.31%
GRMN	B	-0.31%
SKYW	A	-0.3%
INCY	B	-0.28%
HWM	A	-0.27%
EOG	A	-0.27%
AMGN	D	-0.26%
ALRM	C	-0.26%
NSC	B	-0.26%
LRCX	F	-0.24%
MSI	A	-0.24%
BIIB	F	-0.22%
TROW	A	-0.22%
CVS	F	-0.21%
LHX	B	-0.21%
AMT	D	-0.21%
GL	B	-0.2%
DOCU	A	-0.2%
XEL	A	-0.2%
CLX	A	-0.19%
GAP	C	-0.18%
IDXX	F	-0.18%
HLT	A	-0.18%
PSA	C	-0.18%
LNW	D	-0.18%
PEGA	B	-0.17%
GEHC	D	-0.17%
FTI	A	-0.17%
ADP	B	-0.16%
WDAY	B	-0.16%
TPH	D	-0.15%
MGM	D	-0.15%
SPG	A	-0.15%
UBER	C	-0.14%
F	C	-0.14%
FTNT	A	-0.14%
SOLV	C	-0.13%
VEEV	C	-0.13%
GEN	B	-0.13%
BAH	D	-0.12%
DASH	B	-0.12%
CINF	A	-0.12%
QRVO	F	-0.11%
NBIX	D	-0.11%
ROST	D	-0.1%
AME	A	-0.1%
VST	A	-0.1%
PLTK	A	-0.1%
UHS	D	-0.08%
ANET	C	-0.08%
DOC	D	-0.08%
ALL	A	-0.07%
LYFT	B	-0.07%
L	A	-0.07%
TMUS	A	-0.07%
BBWI	C	-0.07%
UTHR	B	-0.06%
CRUS	F	-0.06%
CNC	F	-0.06%
CCL	A	-0.05%
STLD	B	-0.05%
RSG	B	-0.04%
SCCO	F	-0.04%
ED	D	-0.04%
LPLA	A	-0.03%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	A	-0.01%