MMLG vs. FHEQ ETF Comparison

Comparison of First Trust Multi-Manager Large Growth ETF (MMLG) to Fidelity Hedged Equity ETF (FHEQ)

MMLG

First Trust Multi-Manager Large Growth ETF

MMLG Description

The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.09

Average Daily Volume

11,606

Number of Holdings ^*

* 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

$27.66

Average Daily Volume

23,917

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

Performance

Period	MMLG	FHEQ
30 Days	3.19%	0.69%
60 Days	6.36%	3.18%
90 Days	6.82%	4.08%
12 Months	33.63%

29 Overlapping Holdings

Symbol	Grade	Weight in MMLG	Weight in FHEQ	Overlap
AAPL	C	4.51%	7.05%	4.51%
ADBE	D	0.67%	0.96%	0.67%
AMZN	B	6.71%	3.61%	3.61%
ANET	C	0.47%	0.08%	0.08%
AVGO	C	2.05%	1.73%	1.73%
AXP	B	0.47%	0.42%	0.42%
CMG	C	0.75%	0.55%	0.55%
CRM	B	0.91%	1.23%	0.91%
DASH	A	1.84%	0.12%	0.12%
GOOGL	B	2.23%	2.05%	2.05%
KLAC	F	0.57%	0.57%	0.57%
LLY	F	1.46%	0.84%	0.84%
MA	B	1.46%	1.33%	1.33%
META	C	4.51%	2.96%	2.96%
MRK	F	0.63%	0.66%	0.63%
MSFT	D	6.79%	5.62%	5.62%
NFLX	A	2.61%	1.21%	1.21%
NOW	B	3.95%	0.34%	0.34%
NVDA	A	10.19%	7.54%	7.54%
QCOM	F	0.61%	0.82%	0.61%
SPGI	D	0.4%	0.41%	0.4%
SQ	A	1.65%	0.6%	0.6%
TSLA	A	0.84%	1.15%	0.84%
UBER	F	1.9%	0.14%	0.14%
UNH	C	0.48%	0.58%	0.48%
V	A	1.09%	0.46%	0.46%
VEEV	C	0.6%	0.13%	0.13%
VST	A	0.12%	0.1%	0.1%
WDAY	C	0.45%	0.16%	0.16%

MMLG Overweight 48 Positions Relative to FHEQ

Symbol	Grade	Weight
SHOP	B	2.74%
TEAM	A	2.16%
DDOG	A	2.02%
SPOT	B	1.84%
SE	A	1.84%
NU	C	1.82%
DXCM	C	1.66%
ICE	C	1.47%
IOT	A	1.36%
ASML	F	1.28%
NET	B	1.27%
ENTG	F	1.1%
OKTA	D	1.06%
RARE	F	0.84%
RBLX	B	0.8%
INTU	B	0.77%
SNOW	C	0.64%
ORLY	B	0.63%
LYV	A	0.61%
SHW	C	0.56%
IT	C	0.54%
CDNS	B	0.53%
IR	B	0.51%
PANW	B	0.43%
VRTX	D	0.43%
ARES	A	0.42%
BSX	A	0.42%
CDW	F	0.41%
EQIX	A	0.41%
PTC	B	0.4%
KKR	A	0.39%
BLDR	D	0.38%
COHR	B	0.37%
MDB	C	0.37%
MNST	C	0.36%
NKE	F	0.33%
APH	B	0.31%
ACGL	D	0.31%
NDSN	D	0.31%
ABNB	D	0.31%
AMD	F	0.29%
EL	F	0.29%
TXN	C	0.29%
EW	C	0.28%
HUBS	B	0.28%
DKNG	B	0.27%
PINS	F	0.21%
FANG	D	0.18%

MMLG Underweight 140 Positions Relative to FHEQ

Symbol	Grade	Weight
BRK.A	B	-2.12%
GOOG	B	-1.98%
JPM	A	-1.75%
XOM	B	-1.51%
HD	A	-1.27%
BAC	A	-1.13%
ABBV	F	-1.0%
PM	A	-0.85%
CMCSA	B	-0.83%
PG	C	-0.82%
CSCO	B	-0.8%
WMT	A	-0.79%
GILD	C	-0.77%
BMY	A	-0.77%
AMAT	F	-0.75%
LMT	D	-0.73%
UNP	D	-0.73%
TJX	A	-0.72%
NEE	C	-0.69%
TT	A	-0.68%
CTAS	B	-0.67%
CI	D	-0.65%
PGR	B	-0.64%
T	A	-0.63%
ECL	D	-0.61%
BDX	F	-0.59%
JNJ	D	-0.59%
NOC	D	-0.59%
CSX	C	-0.58%
PFE	F	-0.58%
ZM	B	-0.57%
CL	D	-0.55%
SEIC	B	-0.54%
PYPL	B	-0.54%
SCHW	A	-0.53%
C	B	-0.53%
DBX	C	-0.53%
MU	D	-0.53%
MMC	D	-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	B	-0.49%
CAT	C	-0.48%
ZBRA	B	-0.48%
RTX	D	-0.45%
COST	A	-0.45%
GE	D	-0.45%
PCAR	C	-0.43%
DIS	B	-0.42%
CAH	B	-0.42%
ALLE	D	-0.4%
LDOS	C	-0.39%
WM	B	-0.38%
CACI	C	-0.37%
CME	A	-0.36%
BK	B	-0.35%
MEDP	D	-0.35%
TDC	D	-0.34%
NUE	D	-0.33%
ANF	C	-0.33%
PPG	F	-0.32%
WTW	B	-0.31%
GRMN	B	-0.31%
SKYW	B	-0.3%
TMO	F	-0.28%
INCY	C	-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	B	-0.24%
MMM	D	-0.22%
BIIB	F	-0.22%
TROW	B	-0.22%
CVS	F	-0.21%
LHX	B	-0.21%
AMT	D	-0.21%
GL	C	-0.2%
VZ	C	-0.2%
DOCU	B	-0.2%
XEL	A	-0.2%
CLX	A	-0.19%
GAP	D	-0.18%
IDXX	F	-0.18%
HLT	A	-0.18%
PSA	C	-0.18%
LNW	F	-0.18%
PEGA	B	-0.17%
GEHC	D	-0.17%
FTI	A	-0.17%
MS	A	-0.16%
ADP	B	-0.16%
TPH	D	-0.15%
MGM	D	-0.15%
ETN	B	-0.15%
SPG	A	-0.15%
F	C	-0.14%
FTNT	B	-0.14%
SOLV	F	-0.13%
GEN	B	-0.13%
BAH	D	-0.12%
CINF	A	-0.12%
QRVO	F	-0.11%
NBIX	C	-0.11%
KR	B	-0.11%
ROST	D	-0.1%
AME	A	-0.1%
PLTK	B	-0.1%
UHS	D	-0.08%
DOC	D	-0.08%
ALL	A	-0.07%
LYFT	C	-0.07%
BCC	C	-0.07%
L	A	-0.07%
TMUS	B	-0.07%
MDLZ	F	-0.07%
BBWI	C	-0.07%
UTHR	C	-0.06%
CRUS	F	-0.06%
CNC	F	-0.06%
IFF	D	-0.05%
CCL	A	-0.05%
STLD	B	-0.05%
ORCL	A	-0.04%
RSG	A	-0.04%
SCCO	F	-0.04%
ED	C	-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%