JQUA vs. FHEQ ETF Comparison

Comparison of JPMorgan U.S. Quality Factor ETF (JQUA) to Fidelity Hedged Equity ETF (FHEQ)

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

$59.18

Average Daily Volume

481,509

Number of Holdings ^*

278

* 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	JQUA	FHEQ
30 Days	4.45%	2.51%
60 Days	5.31%	3.80%
90 Days	7.31%	4.54%
12 Months	31.33%

74 Overlapping Holdings

Symbol	Grade	Weight in JQUA	Weight in FHEQ	Overlap
AAPL	C	1.92%	7.31%	1.92%
ABBV	D	1.17%	1.0%	1.0%
ADBE	C	0.8%	0.93%	0.8%
ADP	B	0.57%	0.16%	0.16%
AMAT	F	0.64%	0.7%	0.64%
AMT	D	0.17%	0.24%	0.17%
AVGO	D	1.19%	1.49%	1.19%
BDX	F	0.39%	0.59%	0.39%
BLK	C	0.63%	0.23%	0.23%
BMY	B	0.62%	0.68%	0.62%
BRK.A	B	1.89%	2.19%	1.89%
CL	D	0.41%	0.58%	0.41%
CLX	B	0.23%	0.2%	0.2%
COST	B	1.52%	0.45%	0.45%
CRM	B	1.26%	1.09%	1.09%
CRUS	D	0.11%	0.06%	0.06%
CSCO	B	1.0%	0.79%	0.79%
CTAS	B	0.46%	0.66%	0.46%
CVX	A	0.74%	0.02%	0.02%
DASH	A	0.43%	0.12%	0.12%
DBX	B	0.24%	0.51%	0.24%
DOCU	A	0.3%	0.18%	0.18%
EOG	A	0.38%	0.43%	0.38%
FTNT	C	0.42%	0.24%	0.24%
GEN	B	0.16%	0.13%	0.13%
GILD	C	0.58%	0.73%	0.58%
GOOGL	C	1.88%	2.02%	1.88%
HD	A	1.5%	1.32%	1.32%
IDXX	F	0.28%	0.26%	0.26%
JNJ	D	1.42%	0.61%	0.61%
KLAC	D	0.44%	0.54%	0.44%
LDOS	C	0.17%	0.32%	0.17%
LMT	D	0.56%	0.69%	0.56%
LRCX	F	0.44%	0.23%	0.23%
MA	C	1.57%	1.34%	1.34%
MEDP	D	0.21%	0.31%	0.21%
META	D	2.04%	2.87%	2.04%
MMC	B	0.53%	0.52%	0.52%
MMM	D	0.33%	0.22%	0.22%
MRK	F	0.99%	0.69%	0.69%
MSFT	F	1.7%	5.64%	1.7%
MSI	B	0.34%	0.26%	0.26%
NOW	A	0.87%	0.34%	0.34%
NVDA	C	2.24%	7.27%	2.24%
OGE	B	0.22%	0.01%	0.01%
ORCL	B	0.99%	0.04%	0.04%
PEGA	A	0.15%	0.16%	0.15%
PG	A	1.39%	0.87%	0.87%
PGR	A	0.43%	0.63%	0.43%
PSA	D	0.36%	0.19%	0.19%
QCOM	F	0.74%	0.84%	0.74%
QGEN	D	0.08%	0.04%	0.04%
QRVO	F	0.1%	0.11%	0.1%
ROST	C	0.31%	0.1%	0.1%
RSG	A	0.34%	0.2%	0.2%
SCCO	F	0.22%	0.04%	0.04%
SEIC	B	0.25%	0.54%	0.25%
SOLV	C	0.17%	0.12%	0.12%
SPG	B	0.29%	0.16%	0.16%
SPGI	C	0.53%	0.28%	0.28%
T	A	0.31%	0.67%	0.31%
TDC	D	0.15%	0.35%	0.15%
TJX	A	0.63%	0.73%	0.63%
TRV	B	0.39%	0.49%	0.39%
TWLO	A	0.22%	0.02%	0.02%
UNP	C	0.65%	0.73%	0.65%
UTHR	C	0.25%	0.05%	0.05%
V	A	1.84%	0.47%	0.47%
VZ	C	0.48%	0.18%	0.18%
WDAY	B	0.28%	0.16%	0.16%
WM	A	0.49%	0.38%	0.38%
WMT	A	0.22%	0.8%	0.22%
XOM	B	1.71%	1.54%	1.54%
ZM	B	0.18%	0.52%	0.18%

JQUA Overweight 204 Positions Relative to FHEQ

Symbol	Grade	Weight
APP	B	1.0%
LIN	D	0.88%
ABT	B	0.87%
ACN	C	0.86%
MCD	D	0.86%
BKNG	A	0.81%
INTU	C	0.77%
KO	D	0.77%
IBM	C	0.69%
PLTR	B	0.64%
PANW	C	0.63%
SBUX	A	0.55%
ADI	D	0.54%
MO	A	0.52%
APH	A	0.5%
NKE	D	0.47%
CB	C	0.47%
CDNS	B	0.45%
SNPS	B	0.45%
ITW	B	0.44%
MCO	B	0.44%
ZTS	D	0.44%
MAR	B	0.43%
ORLY	B	0.42%
AON	A	0.42%
COP	C	0.41%
CRWD	B	0.41%
AFL	B	0.4%
GWW	B	0.4%
AJG	B	0.39%
AMP	A	0.38%
MRVL	B	0.38%
REGN	F	0.38%
EA	A	0.37%
ICE	C	0.37%
CPRT	A	0.36%
LULU	C	0.35%
PAYX	C	0.34%
TEAM	A	0.33%
VRSK	A	0.33%
VRT	B	0.32%
DECK	A	0.32%
CTSH	B	0.32%
WSM	B	0.32%
IT	C	0.32%
DDOG	A	0.31%
A	D	0.3%
RMD	C	0.3%
WEC	A	0.3%
KMB	D	0.3%
BR	A	0.29%
ABNB	C	0.29%
EBAY	D	0.29%
NDAQ	A	0.29%
ACGL	D	0.28%
BRO	B	0.28%
WSO	A	0.27%
CSL	C	0.27%
EXPE	B	0.27%
NVR	D	0.27%
YUM	B	0.27%
FFIV	B	0.27%
KEYS	A	0.26%
MCHP	D	0.26%
ROP	B	0.26%
CTRA	B	0.25%
MCK	B	0.25%
WY	D	0.25%
ALSN	B	0.25%
EW	C	0.25%
WRB	A	0.25%
LEN	D	0.24%
HOLX	D	0.24%
PAYC	B	0.24%
CLH	B	0.24%
RNG	B	0.24%
POOL	C	0.24%
MANH	D	0.24%
FDS	B	0.23%
LAMR	D	0.23%
TOST	B	0.23%
EXR	D	0.23%
HST	C	0.23%
TPR	B	0.22%
CBOE	B	0.22%
ED	D	0.22%
SNOW	C	0.22%
LOPE	B	0.22%
HIG	B	0.22%
LSTR	D	0.21%
CHE	D	0.21%
JAZZ	B	0.21%
DVA	B	0.21%
HPQ	B	0.21%
MAA	B	0.21%
ROL	B	0.21%
CF	B	0.21%
GGG	B	0.21%
EXPD	D	0.21%
VRSN	F	0.21%
MTD	D	0.21%
DRI	B	0.21%
LECO	B	0.21%
PSTG	D	0.2%
TER	D	0.2%
DOX	D	0.2%
IEX	B	0.2%
FNF	B	0.19%
BLDR	D	0.19%
PEN	B	0.19%
TYL	B	0.19%
ANSS	B	0.19%
ZS	C	0.19%
DKS	C	0.19%
CBSH	A	0.19%
DT	C	0.19%
LSCC	D	0.19%
HRB	D	0.19%
DLB	B	0.18%
AKAM	D	0.18%
SWKS	F	0.18%
HPE	B	0.18%
NTAP	C	0.18%
NTNX	A	0.17%
NFG	A	0.17%
STE	F	0.16%
MSGS	A	0.16%
JBL	B	0.16%
CDW	F	0.16%
EXP	A	0.16%
MPWR	F	0.16%
DCI	B	0.16%
UGI	A	0.16%
CRI	D	0.15%
CHD	B	0.15%
RPRX	D	0.15%
CNM	D	0.15%
WMS	D	0.15%
PINS	D	0.15%
EPAM	C	0.15%
AYI	B	0.15%
RPM	A	0.15%
NRG	B	0.15%
ELS	C	0.14%
PRI	A	0.14%
JKHY	D	0.14%
MTSI	B	0.14%
EVRG	A	0.14%
BBY	D	0.14%
WU	D	0.13%
SSNC	B	0.13%
SMAR	A	0.13%
PCOR	B	0.13%
PEG	A	0.13%
SAIC	F	0.13%
ULTA	F	0.13%
AFG	A	0.13%
CNC	D	0.12%
ENTG	D	0.12%
CCI	D	0.12%
PATH	C	0.12%
TPL	A	0.12%
MSM	C	0.12%
NDSN	B	0.11%
SKX	D	0.11%
DV	C	0.11%
BSY	D	0.11%
GWRE	A	0.11%
TSCO	D	0.11%
MTCH	D	0.11%
AOS	F	0.11%
DXC	B	0.11%
OKTA	C	0.11%
WH	B	0.1%
YETI	C	0.1%
CPT	B	0.1%
RLI	B	0.1%
BYD	C	0.1%
MPC	D	0.09%
CHH	A	0.09%
ZI	D	0.09%
LPX	B	0.09%
COKE	C	0.09%
FAST	B	0.09%
IPGP	D	0.09%
OLN	D	0.09%
ATO	A	0.09%
COR	B	0.09%
SIRI	C	0.08%
INGR	B	0.08%
EQR	B	0.08%
GLPI	C	0.07%
WAT	B	0.06%
RS	B	0.06%
PINC	B	0.06%
PHM	D	0.06%
TECH	D	0.05%
CUBE	D	0.05%
UPS	C	0.04%
GNTX	C	0.04%
AM	A	0.03%
VIRT	B	0.02%
CHRW	C	0.02%
SNX	C	0.0%

JQUA Underweight 94 Positions Relative to FHEQ

Symbol	Grade	Weight
AMZN	C	-3.64%
JPM	A	-1.82%
GOOG	C	-1.74%
TSLA	B	-1.26%
NFLX	A	-1.26%
BAC	A	-1.17%
PM	B	-0.92%
CMCSA	B	-0.83%
LLY	F	-0.76%
NEE	D	-0.73%
TT	A	-0.69%
CI	F	-0.63%
ECL	D	-0.62%
SQ	B	-0.59%
UNH	C	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
PFE	D	-0.56%
C	A	-0.54%
PYPL	B	-0.54%
DVN	F	-0.53%
CVNA	B	-0.52%
TXT	D	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
ZBRA	B	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
CSX	B	-0.43%
AXP	A	-0.43%
EXEL	B	-0.43%
PCAR	B	-0.42%
CAH	B	-0.4%
ALRM	C	-0.4%
CME	A	-0.37%
BK	A	-0.36%
PPG	F	-0.34%
ANF	C	-0.33%
NUE	C	-0.32%
GRMN	B	-0.31%
CACI	D	-0.3%
TMUS	B	-0.29%
SKYW	B	-0.29%
HWM	A	-0.27%
INCY	C	-0.27%
TMO	F	-0.26%
NSC	B	-0.26%
AMGN	D	-0.24%
TROW	B	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
CVS	D	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
GL	B	-0.2%
GAP	C	-0.18%
HLT	A	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
MS	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	D	-0.14%
VEEV	C	-0.12%
CINF	A	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
VST	B	-0.11%
KR	B	-0.11%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
ANET	C	-0.08%
DOC	D	-0.08%
ALL	A	-0.07%
BCC	B	-0.07%
MDLZ	F	-0.07%
L	A	-0.07%
TENB	C	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
LPLA	A	-0.03%
MHO	D	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%

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