MTUM vs. FQAL ETF Comparison

Comparison of iShares MSCI USA Momentum Factor ETF (MTUM) to Fidelity Quality Factor ETF (FQAL)

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$215.62

Average Daily Volume

840,198

Number of Holdings ^*

124

* 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

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	MTUM	FQAL
30 Days	3.53%	2.60%
60 Days	6.25%	4.35%
90 Days	8.85%	5.86%
12 Months	43.02%	30.56%

29 Overlapping Holdings

Symbol	Grade	Weight in MTUM	Weight in FQAL	Overlap
ACGL	D	0.35%	0.71%	0.35%
AVB	B	0.29%	0.19%	0.19%
AVGO	D	4.72%	2.0%	2.0%
CEG	D	1.12%	0.36%	0.36%
CL	D	0.79%	0.36%	0.36%
COST	B	3.63%	1.01%	1.01%
CTAS	B	0.91%	0.55%	0.55%
EQR	B	0.17%	0.17%	0.17%
ESS	B	0.15%	0.16%	0.15%
FICO	B	0.6%	0.96%	0.6%
GRMN	B	0.42%	0.86%	0.42%
KLAC	D	0.8%	0.64%	0.64%
KO	D	2.71%	0.66%	0.66%
LLY	F	3.82%	1.72%	1.72%
LMT	D	1.37%	0.56%	0.56%
MCO	B	0.7%	0.76%	0.7%
MMM	D	1.21%	0.5%	0.5%
MO	A	1.19%	0.44%	0.44%
NEE	D	2.24%	0.47%	0.47%
NRG	B	0.27%	0.27%	0.27%
NVDA	C	5.34%	7.24%	5.34%
PGR	A	1.88%	1.0%	1.0%
PM	B	2.93%	0.63%	0.63%
SO	D	1.15%	0.36%	0.36%
TDG	D	0.7%	0.49%	0.49%
TPL	A	0.33%	0.31%	0.31%
VRTX	F	0.95%	0.86%	0.86%
VST	B	0.82%	0.43%	0.43%
WMB	A	0.63%	0.34%	0.34%

MTUM Overweight 95 Positions Relative to FQAL

Symbol	Grade	Weight
JPM	A	5.48%
WMT	A	4.93%
GE	D	2.96%
RTX	C	2.19%
GS	A	2.0%
TXN	C	1.86%
ISRG	A	1.54%
AXP	A	1.53%
KKR	A	1.3%
BSX	B	1.25%
ANET	C	1.17%
TT	A	1.13%
TJX	A	1.09%
C	A	1.08%
PLTR	B	1.02%
MSI	B	1.0%
APH	A	0.97%
FI	A	0.9%
CB	C	0.9%
MSTR	C	0.89%
DUK	C	0.88%
WELL	A	0.84%
NEM	D	0.79%
AFL	B	0.78%
APP	B	0.74%
HWM	A	0.73%
ICE	C	0.72%
VRT	B	0.63%
TRGP	B	0.61%
AJG	B	0.59%
PEG	A	0.5%
DELL	C	0.49%
BK	A	0.48%
IRM	D	0.48%
HIG	B	0.46%
PWR	A	0.43%
ALL	A	0.41%
AEP	D	0.4%
EME	C	0.38%
DFS	B	0.38%
DHI	D	0.37%
RSG	A	0.36%
CBRE	B	0.34%
GDDY	A	0.34%
WAB	B	0.33%
AXON	A	0.32%
VTR	C	0.31%
NTAP	C	0.31%
VLTO	D	0.31%
PHM	D	0.31%
ALNY	D	0.3%
KDP	D	0.3%
RMD	C	0.29%
K	A	0.29%
NDAQ	A	0.28%
LEN	D	0.28%
BRO	B	0.27%
EIX	B	0.26%
EBAY	D	0.25%
FITB	A	0.25%
LDOS	C	0.24%
MPWR	F	0.24%
LII	A	0.24%
TYL	B	0.23%
CSL	C	0.23%
NVR	D	0.23%
SW	A	0.22%
SYF	B	0.22%
DOV	A	0.22%
PKG	A	0.16%
IFF	D	0.16%
HEI	B	0.16%
IP	B	0.15%
HOOD	B	0.15%
UTHR	C	0.15%
ERIE	D	0.13%
HEI	B	0.12%
MAA	B	0.12%
UHS	D	0.11%
CFG	B	0.11%
DKS	C	0.1%
DGX	A	0.09%
NI	A	0.09%
FNF	B	0.08%
AMCR	D	0.08%
DOC	D	0.08%
FOXA	B	0.07%
CPT	B	0.07%
FOX	A	0.07%
DVA	B	0.07%
CHRW	C	0.06%
ALLY	C	0.06%
UDR	B	0.05%
LNT	A	0.05%
EQH	B	0.03%

MTUM Underweight 95 Positions Relative to FQAL

Symbol	Grade	Weight
AAPL	C	-6.62%
MSFT	F	-6.3%
GOOGL	C	-3.69%
META	D	-2.51%
V	A	-1.61%
HD	A	-1.5%
MA	C	-1.48%
JNJ	D	-1.35%
BKNG	A	-1.21%
XOM	B	-1.16%
ABBV	D	-1.14%
MCD	D	-1.11%
BX	A	-1.05%
ACN	C	-1.05%
BMY	B	-1.02%
LOW	D	-1.02%
GILD	C	-1.0%
PG	A	-0.98%
ADBE	C	-0.97%
NFLX	A	-0.97%
PANW	C	-0.96%
AMP	A	-0.92%
SPGI	C	-0.92%
QCOM	F	-0.91%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CAT	B	-0.77%
CFR	B	-0.77%
AMAT	F	-0.77%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
CBSH	A	-0.71%
DPZ	C	-0.69%
CVX	A	-0.68%
LRCX	F	-0.67%
IDXX	F	-0.67%
KNSL	B	-0.65%
QLYS	C	-0.64%
ADP	B	-0.64%
WSM	B	-0.63%
UNP	C	-0.61%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
VZ	C	-0.56%
GWW	B	-0.55%
ITW	B	-0.54%
FAST	B	-0.53%
AME	A	-0.52%
LIN	D	-0.52%
CSX	B	-0.49%
PAYX	C	-0.49%
CPRT	A	-0.48%
VRSK	A	-0.46%
OTIS	C	-0.45%
ODFL	B	-0.45%
COP	C	-0.41%
TTD	B	-0.41%
MDLZ	F	-0.38%
EOG	A	-0.32%
MNST	C	-0.31%
KMB	D	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	B	-0.28%
AMT	D	-0.27%
WEC	A	-0.26%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
ECL	D	-0.24%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%
GLPI	C	-0.14%