JQUA vs. FFLC ETF Comparison

Comparison of JPMorgan U.S. Quality Factor ETF (JQUA) to Fidelity Fundamental Large Cap Core ETF (FFLC)

JQUA

JPMorgan U.S. Quality Factor ETF

JQUA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent quality factor characteristics.

Grade (RS Rating)

Last Trade

$56.34

Average Daily Volume

436,566

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. 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 portfolio includes stocks with growth and/or value characteristics. 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 New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.30

Average Daily Volume

97,229

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	JQUA	FFLC
30 Days	1.32%	1.25%
60 Days	7.34%	7.95%
90 Days	6.49%	3.09%
12 Months	33.86%	42.74%

42 Overlapping Holdings

Symbol	Grade	Weight in JQUA	Weight in FFLC	Overlap
AAPL	C	1.96%	4.51%	1.96%
ABNB	D	0.28%	0.5%	0.28%
ACGL	A	0.33%	0.24%	0.24%
ADBE	F	0.84%	1.41%	0.84%
ADI	C	0.61%	0.55%	0.55%
BKNG	C	0.7%	0.61%	0.61%
BLDR	B	0.21%	0.39%	0.21%
CB	A	0.5%	0.97%	0.5%
CLX	B	0.23%	0.47%	0.23%
CNC	F	0.15%	0.51%	0.15%
CRM	B	1.09%	0.98%	0.98%
CSCO	A	0.94%	0.44%	0.44%
DKS	D	0.22%	0.21%	0.21%
DT	C	0.2%	0.43%	0.2%
GILD	A	0.56%	0.29%	0.29%
GLPI	A	0.07%	0.26%	0.07%
GOOGL	B	1.78%	2.4%	1.78%
HOLX	D	0.25%	0.28%	0.25%
INTU	F	0.77%	0.92%	0.77%
JBL	D	0.16%	0.67%	0.16%
KO	C	0.9%	0.73%	0.73%
LEN	B	0.26%	0.39%	0.26%
LIN	B	0.97%	0.81%	0.81%
LMT	A	0.62%	0.68%	0.62%
META	A	2.1%	2.57%	2.1%
MMC	D	0.55%	0.53%	0.53%
MRK	F	1.18%	0.26%	0.26%
MRVL	C	0.32%	0.04%	0.04%
MSFT	D	1.81%	7.7%	1.81%
NKE	D	0.58%	0.92%	0.58%
NVDA	C	1.96%	3.39%	1.96%
NVR	A	0.3%	0.45%	0.3%
ORCL	B	0.89%	0.79%	0.79%
REGN	D	0.55%	0.76%	0.55%
SNPS	F	0.44%	0.44%	0.44%
TER	C	0.27%	0.22%	0.22%
TJX	C	0.64%	1.2%	0.64%
V	C	1.67%	1.63%	1.63%
VRT	B	0.24%	0.46%	0.24%
WDAY	D	0.27%	0.44%	0.27%
WMT	A	0.21%	0.49%	0.21%
XOM	A	1.65%	1.49%	1.49%

JQUA Overweight 233 Positions Relative to FFLC

Symbol	Grade	Weight
BRK.A	C	1.88%
JNJ	D	1.54%
MA	A	1.54%
COST	C	1.52%
HD	A	1.52%
PG	C	1.44%
ABBV	A	1.37%
AVGO	C	1.33%
MCD	A	0.92%
ACN	B	0.88%
ABT	B	0.86%
QCOM	D	0.85%
AMAT	B	0.81%
NOW	C	0.78%
IBM	B	0.73%
UNP	D	0.7%
CVX	B	0.67%
BLK	A	0.59%
KLAC	B	0.59%
SBUX	B	0.56%
BMY	B	0.55%
SPGI	C	0.55%
LRCX	D	0.55%
PANW	D	0.55%
ADP	A	0.54%
VZ	A	0.52%
ZTS	C	0.5%
WM	B	0.48%
APH	D	0.48%
MO	D	0.48%
CL	D	0.46%
MCO	D	0.45%
CTAS	B	0.45%
ITW	A	0.44%
BDX	B	0.43%
PGR	C	0.43%
CDNS	D	0.42%
ORLY	A	0.42%
APP	A	0.4%
AFL	A	0.4%
AON	A	0.39%
MAR	B	0.39%
PSA	C	0.39%
PLTR	A	0.39%
COP	D	0.38%
AJG	D	0.38%
ICE	A	0.38%
GWW	A	0.37%
DASH	A	0.37%
MMM	C	0.37%
TRV	C	0.37%
FTNT	A	0.36%
EOG	B	0.35%
ROST	C	0.35%
IDXX	D	0.35%
A	B	0.35%
CRWD	D	0.34%
CPRT	B	0.34%
AMP	A	0.33%
CTSH	B	0.33%
MCHP	F	0.33%
RSG	D	0.33%
IT	C	0.33%
VRSK	D	0.32%
EBAY	A	0.32%
MSI	A	0.32%
EA	D	0.32%
PAYX	A	0.32%
KMB	B	0.32%
RMD	C	0.31%
LULU	D	0.31%
WEC	A	0.3%
T	A	0.3%
WSM	B	0.29%
YUM	A	0.29%
DECK	B	0.29%
BR	B	0.28%
WY	B	0.28%
SPG	A	0.28%
CSL	A	0.28%
MTD	B	0.28%
ROP	C	0.27%
DDOG	D	0.27%
BRO	A	0.27%
NDAQ	C	0.27%
MPWR	B	0.27%
WSO	C	0.26%
EXR	C	0.26%
FFIV	B	0.26%
SCCO	B	0.26%
MANH	C	0.26%
UTHR	C	0.25%
HST	D	0.25%
KEYS	B	0.25%
POOL	B	0.25%
EXPD	C	0.24%
WRB	B	0.24%
CLH	C	0.24%
EW	F	0.24%
DOCU	B	0.24%
LAMR	C	0.24%
HIG	A	0.23%
VRSN	B	0.23%
DBX	B	0.23%
DRI	C	0.23%
EXPE	B	0.23%
CHE	C	0.23%
ED	A	0.23%
ROL	B	0.22%
CTRA	D	0.22%
LSTR	D	0.22%
DOX	B	0.22%
RNG	F	0.22%
CBOE	A	0.22%
SEIC	B	0.22%
HRB	C	0.22%
TEAM	D	0.22%
SWKS	F	0.22%
FDS	C	0.22%
LECO	D	0.21%
OGE	A	0.21%
CDW	D	0.21%
AKAM	D	0.21%
LSCC	D	0.21%
GGG	B	0.21%
MEDP	F	0.21%
ALSN	A	0.21%
HPQ	C	0.21%
DVA	C	0.21%
MAA	C	0.21%
JAZZ	F	0.2%
AMT	C	0.2%
IEX	D	0.2%
LOPE	D	0.2%
CF	A	0.2%
PSTG	F	0.2%
TYL	B	0.19%
PAYC	D	0.19%
WMS	D	0.19%
TPR	B	0.19%
NTAP	D	0.19%
FNF	A	0.19%
CRI	D	0.19%
SNOW	F	0.19%
MCK	F	0.19%
STE	D	0.18%
HPE	B	0.18%
ANSS	D	0.18%
ZS	F	0.17%
CBSH	D	0.17%
DLB	D	0.17%
LDOS	A	0.17%
UGI	C	0.17%
BBY	B	0.17%
NFG	A	0.17%
PINS	D	0.17%
QRVO	F	0.17%
SOLV	C	0.17%
ULTA	D	0.16%
RPRX	B	0.16%
ZM	C	0.16%
DCI	B	0.16%
JKHY	A	0.15%
NRG	A	0.15%
WU	D	0.15%
SAIC	A	0.15%
MSGS	A	0.15%
TWLO	B	0.15%
CNM	F	0.15%
TDC	D	0.15%
NTNX	C	0.15%
TOST	C	0.15%
EXP	C	0.15%
PEN	D	0.15%
MSM	D	0.14%
CCI	C	0.14%
CRUS	D	0.14%
CHD	C	0.14%
ELS	D	0.14%
MTCH	B	0.14%
EVRG	C	0.14%
ENTG	D	0.14%
RPM	A	0.14%
AOS	B	0.14%
SKX	B	0.13%
PEGA	B	0.13%
PEG	A	0.13%
PRI	A	0.13%
MTSI	B	0.13%
SMAR	A	0.13%
EPAM	F	0.13%
AYI	A	0.13%
SSNC	C	0.13%
AFG	C	0.13%
PCOR	D	0.12%
OKTA	F	0.12%
TSCO	A	0.12%
BSY	D	0.12%
PATH	D	0.12%
CPT	C	0.11%
YETI	B	0.11%
OLN	D	0.11%
DXC	D	0.11%
NDSN	B	0.11%
BYD	C	0.1%
DV	F	0.1%
GWRE	A	0.1%
EQR	C	0.09%
LPX	A	0.09%
ZI	F	0.09%
ATO	A	0.09%
MPC	F	0.09%
QGEN	D	0.09%
RLI	A	0.09%
IPGP	D	0.09%
COKE	B	0.09%
TPL	B	0.08%
FAST	B	0.08%
INGR	A	0.08%
CHH	B	0.08%
WH	C	0.08%
PHM	A	0.07%
CUBE	C	0.06%
PINC	F	0.06%
TECH	C	0.06%
RS	D	0.06%
WAT	B	0.06%
GNTX	D	0.05%
UPS	D	0.04%
AM	A	0.03%
CHRW	A	0.02%
VIRT	B	0.01%
SNX	C	0.0%

JQUA Underweight 91 Positions Relative to FFLC

Symbol	Grade	Weight
AMZN	C	-3.26%
LLY	D	-1.93%
UNH	B	-1.72%
BA	F	-1.31%
AMD	D	-1.27%
BSX	A	-1.23%
CMCSA	B	-1.16%
WFC	D	-1.08%
NFLX	A	-1.06%
ETN	C	-1.05%
UBER	C	-1.04%
TMO	C	-1.03%
PH	A	-1.02%
JPM	D	-0.98%
PWR	B	-0.92%
GE	C	-0.9%
BAC	D	-0.9%
KVUE	C	-0.88%
DHR	C	-0.82%
SO	A	-0.82%
FCX	B	-0.75%
CAT	A	-0.75%
IR	A	-0.73%
APTV	D	-0.71%
BKR	B	-0.7%
SHOP	C	-0.69%
ON	F	-0.69%
NXPI	F	-0.68%
SYK	C	-0.67%
HWM	A	-0.67%
GNRC	B	-0.66%
CEG	B	-0.66%
VST	A	-0.65%
KDP	C	-0.63%
MS	B	-0.6%
NOC	B	-0.6%
SLB	D	-0.6%
BJ	D	-0.58%
TSM	C	-0.58%
DIS	D	-0.57%
PFGC	A	-0.57%
CI	D	-0.52%
FLEX	C	-0.52%
LNG	A	-0.51%
RL	B	-0.51%
CE	D	-0.49%
HLT	A	-0.49%
MLM	D	-0.48%
AZN	D	-0.47%
BWXT	A	-0.45%
KBR	D	-0.42%
ESI	B	-0.42%
CMG	C	-0.42%
ARES	A	-0.41%
FCN	C	-0.41%
SPOT	B	-0.4%
ITT	B	-0.39%
CBRE	A	-0.39%
FOUR	B	-0.39%
AVY	C	-0.38%
EDR	A	-0.37%
URI	C	-0.37%
GS	C	-0.33%
WSC	D	-0.32%
HLI	C	-0.32%
TRNO	D	-0.32%
HES	D	-0.32%
FTI	B	-0.29%
EL	D	-0.27%
MDB	F	-0.27%
CHDN	D	-0.27%
SAM	D	-0.27%
TT	A	-0.26%
ASML	F	-0.25%
NVO	F	-0.25%
FSLR	C	-0.25%
AR	B	-0.24%
FND	C	-0.24%
WST	D	-0.22%
STZ	B	-0.2%
WNS	F	-0.19%
ESS	C	-0.18%
FAF	B	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	A	-0.16%
MU	D	-0.14%
MASI	B	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	B	-0.06%

JQUA: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Business Services Diversified Industrials Specialty Retail Diagnostics & Research Insurance - Property & Casualty Semiconductor Equipment & Materials Biotechnology Drug Manufacturers - Major Household & Personal Products Internet Content & Information Capital Markets Industrial Distribution Insurance Brokers Integrated Shipping & Logistics Medical Instruments & Supplies Oil & Gas E&P