LOWV vs. FQAL ETF Comparison

Comparison of AB US Low Volatility Equity ETF (LOWV) to Fidelity Quality Factor ETF (FQAL)

LOWV

AB US Low Volatility Equity ETF

LOWV Description

The fund is an actively-managed exchange-traded fund ("ETF"). The adviser seeks to achieve the fund"s investment objective by investing, under normal circumstances, at least 80% of its net assets in the equity securities of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.48

Average Daily Volume

7,390

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$66.83

Average Daily Volume

29,902

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	LOWV	FQAL
30 Days	1.48%	1.49%
60 Days	3.06%	5.24%
90 Days	5.08%	6.80%
12 Months	26.52%	30.99%

31 Overlapping Holdings

Symbol	Grade	Weight in LOWV	Weight in FQAL	Overlap
AAPL	C	3.8%	6.53%	3.8%
ABBV	F	2.06%	1.35%	1.35%
ADBE	C	1.45%	0.94%	0.94%
ADP	A	1.75%	0.64%	0.64%
AMAT	F	0.64%	0.87%	0.64%
AVGO	C	3.42%	2.17%	2.17%
AZO	B	1.46%	0.74%	0.74%
BKNG	A	0.94%	1.16%	0.94%
CL	F	0.51%	0.34%	0.34%
GILD	B	1.31%	1.09%	1.09%
KO	F	1.34%	0.66%	0.66%
LLY	F	0.98%	1.8%	0.98%
LMT	D	0.67%	0.57%	0.57%
MA	B	1.18%	1.44%	1.18%
META	B	1.69%	2.62%	1.69%
MSCI	B	0.63%	0.71%	0.63%
MSFT	C	8.11%	6.31%	6.31%
NVDA	A	2.31%	7.41%	2.31%
ORLY	A	0.47%	0.82%	0.47%
PAYX	B	0.47%	0.49%	0.47%
PG	C	1.05%	0.92%	0.92%
PGR	A	0.79%	0.98%	0.79%
PM	B	1.76%	0.59%	0.59%
PSA	D	0.7%	0.22%	0.22%
SHW	A	1.03%	0.3%	0.3%
SPGI	C	0.4%	0.89%	0.4%
V	A	1.9%	1.56%	1.56%
VRTX	B	0.89%	0.91%	0.89%
VZ	D	0.45%	0.54%	0.45%
XOM	B	0.65%	1.15%	0.65%
YUM	B	0.88%	0.73%	0.73%

LOWV Overweight 42 Positions Relative to FQAL

Symbol	Grade	Weight
GOOG	C	4.98%
FI	A	2.43%
ORCL	A	2.33%
UNH	B	2.13%
AMZN	A	1.94%
MRK	F	1.72%
MCK	B	1.71%
INTU	A	1.71%
JPM	A	1.52%
MMC	D	1.32%
CMCSA	B	1.26%
AEP	D	1.25%
DOX	C	1.23%
NOW	A	1.19%
LHX	B	1.19%
BAC	A	1.18%
LULU	B	1.1%
G	B	1.08%
CBOE	D	1.05%
EG	D	1.01%
CI	D	0.99%
ACM	B	0.96%
NYT	C	0.92%
MDT	D	0.84%
RELX	D	0.84%
GEN	B	0.83%
EA	A	0.83%
WMT	A	0.81%
WTW	A	0.78%
AEE	B	0.75%
NTAP	D	0.74%
LDOS	C	0.68%
ETN	B	0.67%
DLB	D	0.65%
ADI	D	0.61%
MTB	A	0.6%
RGA	A	0.58%
AFG	A	0.5%
TSM	C	0.48%
FR	D	0.39%
TMO	F	0.31%
NICE	C	0.31%

LOWV Underweight 93 Positions Relative to FQAL

Symbol	Grade	Weight
GOOGL	C	-3.77%
HD	B	-1.43%
JNJ	D	-1.34%
MCD	C	-1.09%
ACN	B	-1.05%
LOW	B	-0.99%
COST	B	-0.99%
BX	A	-0.99%
BMY	B	-0.97%
QCOM	F	-0.96%
PANW	B	-0.94%
NFLX	A	-0.91%
FICO	B	-0.9%
AMP	A	-0.88%
VEEV	B	-0.86%
GRMN	A	-0.85%
CME	B	-0.82%
ABNB	C	-0.82%
CAT	B	-0.8%
ZTS	D	-0.79%
JXN	C	-0.79%
CPAY	A	-0.77%
CFR	B	-0.75%
EWBC	B	-0.75%
LRCX	F	-0.74%
MCO	C	-0.73%
DPZ	C	-0.7%
KLAC	F	-0.69%
IDXX	F	-0.68%
ACGL	C	-0.68%
MTD	F	-0.68%
CBSH	A	-0.66%
QLYS	B	-0.66%
CVX	A	-0.65%
MEDP	D	-0.64%
WSM	F	-0.63%
UNP	D	-0.62%
KNSL	C	-0.61%
GWW	B	-0.54%
CTAS	B	-0.54%
T	A	-0.54%
ITW	B	-0.53%
LIN	D	-0.53%
FAST	B	-0.52%
AME	A	-0.5%
TDG	D	-0.5%
MMM	C	-0.5%
CSX	B	-0.49%
ODFL	B	-0.46%
CPRT	A	-0.46%
NEE	D	-0.45%
VRSK	A	-0.45%
OTIS	D	-0.45%
TTD	B	-0.45%
MO	A	-0.41%
VST	B	-0.4%
COP	C	-0.4%
MDLZ	F	-0.38%
CEG	D	-0.38%
SO	D	-0.35%
WMB	B	-0.33%
MNST	B	-0.32%
KMB	D	-0.3%
TPL	B	-0.3%
EOG	A	-0.29%
PLD	D	-0.29%
AMT	F	-0.27%
NRG	C	-0.27%
LNG	B	-0.26%
FCX	F	-0.26%
HSY	F	-0.25%
WEC	B	-0.25%
SPG	A	-0.24%
ECL	C	-0.24%
NUE	D	-0.2%
MLM	B	-0.2%
O	D	-0.2%
NFG	D	-0.19%
WHD	B	-0.18%
UGI	D	-0.18%
EXR	D	-0.18%
AVB	B	-0.18%
AM	B	-0.18%
CF	B	-0.17%
EXP	B	-0.17%
RS	C	-0.17%
VICI	D	-0.17%
SBAC	D	-0.16%
EQR	C	-0.16%
AVY	F	-0.15%
RGLD	C	-0.15%
ESS	C	-0.15%
GLPI	D	-0.14%