MODL vs. FDLO ETF Comparison

Comparison of VictoryShares WestEnd U.S. Sector ETF (MODL) to Fidelity Low Volatility Factor ETF (FDLO)

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.73

Average Daily Volume

26,985

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

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

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	MODL	FDLO
30 Days	2.91%	0.81%
60 Days	4.12%	1.49%
90 Days	5.95%	4.05%
12 Months	30.78%	21.68%

65 Overlapping Holdings

Symbol	Grade	Weight in MODL	Weight in FDLO	Overlap
AAPL	C	4.85%	7.26%	4.85%
ABBV	D	1.05%	0.98%	0.98%
ABT	B	0.72%	0.9%	0.72%
ACN	C	0.31%	1.6%	0.31%
AJG	B	0.18%	0.61%	0.18%
AKAM	D	0.02%	1.03%	0.02%
AMGN	D	0.54%	0.71%	0.54%
AMZN	C	3.64%	3.92%	3.64%
AZO	C	0.1%	0.47%	0.1%
BDX	F	0.22%	0.6%	0.22%
BRK.A	B	1.72%	2.13%	1.72%
BRK.A	B	0.65%	2.13%	0.65%
CB	C	0.33%	0.72%	0.33%
CBOE	B	0.12%	0.55%	0.12%
CL	D	0.28%	0.35%	0.28%
CMCSA	B	0.34%	0.95%	0.34%
CME	A	0.48%	0.69%	0.48%
CSCO	B	0.31%	1.77%	0.31%
EA	A	0.08%	0.72%	0.08%
FDS	B	0.11%	0.59%	0.11%
GIS	D	0.12%	0.28%	0.12%
GOOGL	C	2.21%	4.12%	2.21%
GRMN	B	0.06%	0.51%	0.06%
HD	A	0.8%	1.19%	0.8%
HSY	F	0.09%	0.24%	0.09%
IBM	C	0.26%	1.54%	0.26%
JKHY	D	0.04%	0.51%	0.04%
JNJ	D	1.33%	1.18%	1.18%
JPM	A	1.89%	1.89%	1.89%
KMB	D	0.17%	0.3%	0.17%
KO	D	0.92%	0.66%	0.66%
LLY	F	2.3%	1.57%	1.57%
LOW	D	0.3%	0.71%	0.3%
MA	C	1.21%	1.34%	1.21%
MCD	D	0.4%	0.8%	0.4%
MDLZ	F	0.27%	0.37%	0.27%
MMC	B	0.31%	0.67%	0.31%
MRK	F	0.88%	0.88%	0.88%
MSFT	F	5.77%	6.93%	5.77%
MSI	B	0.11%	1.49%	0.11%
NKE	D	0.17%	0.56%	0.17%
ORCL	B	0.53%	2.01%	0.53%
ORLY	B	0.13%	0.53%	0.13%
PEP	F	0.76%	0.62%	0.62%
PG	A	1.54%	0.99%	0.99%
PGR	A	0.42%	0.84%	0.42%
PM	B	0.66%	0.62%	0.62%
REGN	F	0.3%	0.5%	0.3%
ROP	B	0.11%	1.21%	0.11%
SBUX	A	0.21%	0.7%	0.21%
T	A	0.34%	0.99%	0.34%
TJX	A	0.26%	0.65%	0.26%
TMO	F	0.69%	0.78%	0.69%
TMUS	B	0.24%	0.97%	0.24%
TRV	B	0.17%	0.69%	0.17%
TSCO	D	0.06%	0.46%	0.06%
TXN	C	0.26%	1.48%	0.26%
TYL	B	0.05%	1.19%	0.05%
UNH	C	1.99%	1.55%	1.55%
V	A	1.47%	1.47%	1.47%
VRSN	F	0.02%	1.08%	0.02%
VRTX	F	0.44%	0.69%	0.44%
VZ	C	0.37%	0.93%	0.37%
WMT	A	1.32%	0.95%	0.95%
WRB	A	0.05%	0.56%	0.05%

MODL Overweight 251 Positions Relative to FDLO

Symbol	Grade	Weight
NVDA	C	4.61%
META	D	2.64%
GOOG	C	1.97%
TSLA	B	1.86%
COST	B	1.6%
AVGO	D	1.06%
GS	A	1.05%
BAC	A	1.02%
MS	A	0.94%
SPGI	C	0.93%
BLK	C	0.9%
NFLX	A	0.77%
BX	A	0.76%
SCHW	B	0.76%
ISRG	A	0.69%
WFC	A	0.69%
KKR	A	0.59%
AXP	A	0.56%
CRM	B	0.54%
DHR	F	0.54%
ICE	C	0.52%
PFE	D	0.51%
SYK	C	0.5%
MCO	B	0.5%
BSX	B	0.48%
DIS	B	0.43%
ADBE	C	0.42%
GILD	C	0.42%
BMY	B	0.41%
MDT	D	0.4%
COIN	C	0.37%
NOW	A	0.37%
C	A	0.37%
INTU	C	0.35%
FI	A	0.34%
MO	A	0.33%
ELV	F	0.33%
BK	A	0.33%
BKNG	A	0.32%
AMD	F	0.32%
MCK	B	0.32%
CI	F	0.32%
AMP	A	0.31%
ZTS	D	0.29%
TGT	F	0.27%
MSCI	C	0.26%
QCOM	F	0.25%
CVS	D	0.24%
PYPL	B	0.24%
AON	A	0.23%
PNC	B	0.23%
HCA	F	0.23%
USB	A	0.22%
PANW	C	0.22%
AMAT	F	0.2%
COF	B	0.19%
PLTR	B	0.19%
ARES	A	0.18%
APO	B	0.18%
RJF	A	0.17%
TFC	A	0.17%
CRWD	B	0.16%
AFL	B	0.16%
STT	A	0.16%
KVUE	A	0.16%
TROW	B	0.15%
EW	C	0.15%
MU	D	0.15%
ALL	A	0.15%
CDNS	B	0.15%
INTC	D	0.15%
NDAQ	A	0.15%
COR	B	0.15%
CMG	B	0.15%
SNPS	B	0.15%
MET	A	0.14%
FIS	C	0.14%
SQ	B	0.14%
AIG	B	0.14%
KR	B	0.14%
ADI	D	0.14%
MNST	C	0.14%
STZ	D	0.14%
IDXX	F	0.13%
HLT	A	0.13%
PRU	A	0.13%
RMD	C	0.13%
MAR	B	0.13%
LRCX	F	0.13%
GEHC	F	0.13%
KHC	F	0.13%
SYY	B	0.13%
ANET	C	0.13%
A	D	0.13%
LPLA	A	0.13%
MSTR	C	0.12%
KLAC	D	0.12%
VEEV	C	0.12%
HUM	C	0.12%
APH	A	0.12%
DFS	B	0.12%
GM	B	0.12%
IQV	D	0.12%
APP	B	0.12%
NTRS	A	0.12%
ALNY	D	0.11%
CAH	B	0.11%
MRVL	B	0.11%
DXCM	D	0.11%
CNC	D	0.11%
KDP	D	0.11%
ABNB	C	0.11%
ADSK	A	0.11%
TTD	B	0.11%
FICO	B	0.1%
HIG	B	0.1%
MTB	A	0.1%
ACGL	D	0.1%
ADM	D	0.1%
WDAY	B	0.1%
DASH	A	0.1%
RCL	A	0.1%
FTNT	C	0.1%
CHD	B	0.1%
FITB	A	0.09%
DHI	D	0.09%
MTD	D	0.09%
ROST	C	0.09%
WTW	B	0.09%
CHTR	C	0.08%
WAT	B	0.08%
ILMN	D	0.08%
LEN	D	0.08%
WST	C	0.08%
CLX	B	0.08%
GPN	B	0.08%
F	C	0.08%
BIIB	F	0.08%
ZBH	C	0.08%
K	A	0.08%
CINF	A	0.07%
DGX	A	0.07%
HUBS	A	0.07%
RF	A	0.07%
PODD	C	0.07%
TTWO	A	0.07%
DDOG	A	0.07%
SYF	B	0.07%
CPAY	A	0.07%
DG	F	0.07%
HBAN	A	0.07%
STE	F	0.07%
LH	C	0.07%
YUM	B	0.07%
BRO	B	0.07%
DLTR	F	0.06%
SNOW	C	0.06%
CFG	B	0.06%
PFG	D	0.06%
ANSS	B	0.06%
ALGN	D	0.06%
LW	C	0.06%
EBAY	D	0.06%
BAX	D	0.06%
FCNCA	A	0.06%
MKL	A	0.06%
TSN	B	0.06%
EL	F	0.06%
MOH	F	0.06%
VTRS	A	0.06%
TEAM	A	0.06%
LULU	C	0.06%
MKC	D	0.06%
HOLX	D	0.06%
CCL	B	0.05%
MCHP	D	0.05%
MRNA	F	0.05%
AVTR	F	0.05%
RVTY	F	0.05%
GLW	B	0.05%
WBD	C	0.05%
HPQ	B	0.05%
NVR	D	0.05%
PHM	D	0.05%
DELL	C	0.05%
DECK	A	0.05%
CTSH	B	0.05%
INCY	C	0.05%
IT	C	0.05%
RBLX	C	0.05%
BEN	C	0.04%
RPRX	D	0.04%
GDDY	A	0.04%
KEYS	A	0.04%
DRI	B	0.04%
LVS	C	0.04%
PINS	D	0.04%
MPWR	F	0.04%
HPE	B	0.04%
DKNG	B	0.04%
ON	D	0.04%
PTC	A	0.04%
NET	B	0.04%
OMC	C	0.04%
LYV	A	0.04%
BMRN	D	0.04%
EXPE	B	0.04%
L	A	0.04%
POOL	C	0.03%
DT	C	0.03%
ZBRA	B	0.03%
APTV	D	0.03%
FSLR	F	0.03%
STX	D	0.03%
MDB	C	0.03%
HRL	D	0.03%
TDY	B	0.03%
DPZ	C	0.03%
WDC	D	0.03%
WSM	B	0.03%
ULTA	F	0.03%
CDW	F	0.03%
GPC	D	0.03%
NTAP	C	0.03%
BBY	D	0.03%
EG	C	0.03%
ZS	C	0.03%
ZM	B	0.03%
OKTA	C	0.02%
SMCI	F	0.02%
MGM	D	0.02%
CELH	F	0.02%
SWKS	F	0.02%
JBL	B	0.02%
CRBG	B	0.02%
FOXA	B	0.02%
PSTG	D	0.02%
ENTG	D	0.02%
IPG	D	0.02%
GEN	B	0.02%
WBA	F	0.02%
TRMB	B	0.02%
TER	D	0.02%
SNAP	C	0.02%
MANH	D	0.01%
NTNX	A	0.01%
ENPH	F	0.01%
FOX	A	0.01%
BSY	D	0.01%
LEN	D	0.0%
IOT	A	0.0%

MODL Underweight 61 Positions Relative to FDLO

Symbol	Grade	Weight
XOM	B	-1.17%
DOX	D	-1.08%
ETN	A	-0.72%
HON	B	-0.7%
CVX	A	-0.69%
ADP	B	-0.66%
UNP	C	-0.63%
AIZ	A	-0.61%
LMT	D	-0.58%
ITW	B	-0.56%
WM	A	-0.55%
FAST	B	-0.54%
LIN	D	-0.53%
PAYX	C	-0.51%
NOC	D	-0.5%
GD	F	-0.49%
LHX	C	-0.49%
OTIS	C	-0.47%
RSG	A	-0.47%
ERIE	D	-0.45%
BAH	F	-0.43%
COP	C	-0.41%
J	F	-0.39%
SO	D	-0.37%
DUK	C	-0.35%
WMB	A	-0.34%
FCN	D	-0.34%
EOG	A	-0.32%
EQIX	A	-0.31%
XEL	A	-0.3%
SHW	A	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
AMT	D	-0.29%
LNG	B	-0.28%
AEP	D	-0.28%
WEC	A	-0.27%
APD	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
PSA	D	-0.25%
ED	D	-0.25%
CMS	C	-0.24%
ECL	D	-0.24%
DTM	B	-0.23%
O	D	-0.22%
CCI	D	-0.21%
VMC	B	-0.2%
CTVA	C	-0.2%
PKG	A	-0.19%
MLM	B	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%
AVY	D	-0.14%