PAPI vs. FDLO ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to Fidelity Low Volatility Factor ETF (FDLO)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* 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	PAPI	FDLO
30 Days	3.08%	0.81%
60 Days	3.73%	1.49%
90 Days	4.88%	4.05%
12 Months	19.25%	21.68%

55 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in FDLO	Overlap
ABBV	D	0.46%	0.98%	0.46%
ABT	B	0.52%	0.9%	0.52%
ACN	C	0.5%	1.6%	0.5%
ADP	B	0.54%	0.66%	0.54%
AEE	A	0.54%	0.26%	0.26%
AEP	D	0.5%	0.28%	0.28%
AMCR	D	0.47%	0.15%	0.15%
APD	A	0.51%	0.27%	0.27%
ATR	B	0.52%	0.16%	0.16%
BDX	F	0.5%	0.6%	0.5%
CMCSA	B	0.54%	0.95%	0.54%
CME	A	0.52%	0.69%	0.52%
COP	C	0.56%	0.41%	0.41%
CSCO	B	0.54%	1.77%	0.54%
CTRA	B	0.57%	0.19%	0.19%
CTVA	C	0.5%	0.2%	0.2%
CVX	A	0.57%	0.69%	0.57%
DOX	D	0.49%	1.08%	0.49%
DTM	B	0.62%	0.23%	0.23%
DUK	C	0.5%	0.35%	0.35%
EA	A	0.59%	0.72%	0.59%
ED	D	0.48%	0.25%	0.25%
EOG	A	0.56%	0.32%	0.32%
FAST	B	0.56%	0.54%	0.54%
GD	F	0.5%	0.49%	0.49%
GRMN	B	0.65%	0.51%	0.51%
HII	D	0.39%	0.29%	0.29%
IBM	C	0.46%	1.54%	0.46%
JKHY	D	0.49%	0.51%	0.49%
JNJ	D	0.5%	1.18%	0.5%
KMB	D	0.49%	0.3%	0.3%
KMI	A	0.58%	0.3%	0.3%
KO	D	0.45%	0.66%	0.45%
LHX	C	0.53%	0.49%	0.49%
LIN	D	0.49%	0.53%	0.49%
MRK	F	0.46%	0.88%	0.46%
MSFT	F	0.53%	6.93%	0.53%
PAYX	C	0.53%	0.51%	0.51%
PEP	F	0.48%	0.62%	0.48%
PG	A	0.52%	0.99%	0.52%
PKG	A	0.56%	0.19%	0.19%
PM	B	0.56%	0.62%	0.56%
ROP	B	0.52%	1.21%	0.52%
SO	D	0.5%	0.37%	0.37%
T	A	0.55%	0.99%	0.55%
TJX	A	0.54%	0.65%	0.54%
TRV	B	0.57%	0.69%	0.57%
TXN	C	0.53%	1.48%	0.53%
UNH	C	0.55%	1.55%	0.55%
VZ	C	0.5%	0.93%	0.5%
WEC	A	0.52%	0.27%	0.27%
WMB	A	0.58%	0.34%	0.34%
WMT	A	0.54%	0.95%	0.54%
XEL	A	0.57%	0.3%	0.3%
XOM	B	0.52%	1.17%	0.52%

PAPI Overweight 134 Positions Relative to FDLO

Symbol	Grade	Weight
SNA	A	0.63%
IP	B	0.63%
BKR	B	0.62%
EMR	A	0.61%
OKE	A	0.61%
UNM	A	0.61%
IDCC	A	0.61%
PINC	B	0.6%
FOX	A	0.59%
CFR	B	0.59%
TAP	C	0.59%
PB	A	0.59%
MO	A	0.59%
IDA	A	0.59%
CINF	A	0.58%
JHG	A	0.58%
JCI	C	0.58%
WHR	B	0.57%
RHI	B	0.57%
SRE	A	0.57%
RF	A	0.57%
DGX	A	0.57%
SYK	C	0.57%
LH	C	0.57%
TXRH	C	0.57%
FOXA	B	0.57%
CMI	A	0.57%
WSO	A	0.56%
CAH	B	0.56%
RS	B	0.56%
TROW	B	0.56%
VLO	C	0.55%
PPL	B	0.55%
DCI	B	0.55%
INGR	B	0.55%
GGG	B	0.55%
EVRG	A	0.55%
OGE	B	0.55%
GNTX	C	0.54%
MOS	F	0.54%
PAG	B	0.54%
COR	B	0.54%
OGS	A	0.54%
ORI	A	0.54%
COST	B	0.54%
CHD	B	0.54%
AFG	A	0.54%
DRI	B	0.54%
MTN	C	0.54%
CTSH	B	0.53%
AM	A	0.53%
GILD	C	0.53%
PRU	A	0.53%
ATO	A	0.53%
MSM	C	0.53%
COLM	B	0.53%
HPE	B	0.53%
GLW	B	0.53%
HP	B	0.52%
LNT	A	0.52%
BMI	B	0.52%
NFG	A	0.52%
PEG	A	0.52%
UPS	C	0.52%
HPQ	B	0.52%
EXPD	D	0.52%
PSX	C	0.52%
CHRD	D	0.52%
POR	C	0.51%
AVT	C	0.51%
DD	D	0.51%
CALM	A	0.51%
DLB	B	0.51%
DINO	D	0.51%
HIG	B	0.51%
FNF	B	0.51%
LKQ	D	0.51%
OXM	D	0.51%
MDT	D	0.51%
RTX	C	0.5%
POWI	D	0.5%
NYT	C	0.5%
DVN	F	0.5%
FE	C	0.5%
CCOI	B	0.5%
SNX	C	0.5%
PFG	D	0.5%
RGLD	C	0.5%
BG	F	0.5%
D	C	0.5%
MTG	C	0.5%
AFL	B	0.5%
OMC	C	0.49%
CHE	D	0.49%
BBY	D	0.49%
PPG	F	0.49%
SON	D	0.49%
FLO	D	0.49%
EMN	D	0.49%
QCOM	F	0.49%
HRL	D	0.49%
CAG	D	0.48%
LYB	F	0.48%
AOS	F	0.48%
WEN	D	0.48%
ADI	D	0.48%
RPRX	D	0.48%
LEA	D	0.48%
WU	D	0.48%
SHOO	D	0.47%
LEN	D	0.47%
CI	F	0.47%
ADM	D	0.47%
KDP	D	0.46%
ASH	D	0.46%
FMC	D	0.46%
HAS	D	0.46%
KHC	F	0.46%
IPG	D	0.45%
SWKS	F	0.45%
GPC	D	0.45%
DHR	F	0.45%
ESNT	D	0.45%
HUN	F	0.44%
MAN	D	0.44%
DOW	F	0.44%
PFE	D	0.44%
INSW	F	0.44%
PII	D	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	D	0.41%
NEM	D	0.38%
SCCO	F	0.0%

PAPI Underweight 70 Positions Relative to FDLO

Symbol	Grade	Weight
AAPL	C	-7.26%
GOOGL	C	-4.12%
AMZN	C	-3.92%
BRK.A	B	-2.13%
ORCL	B	-2.01%
JPM	A	-1.89%
LLY	F	-1.57%
MSI	B	-1.49%
V	A	-1.47%
MA	C	-1.34%
HD	A	-1.19%
TYL	B	-1.19%
VRSN	F	-1.08%
AKAM	D	-1.03%
TMUS	B	-0.97%
PGR	A	-0.84%
MCD	D	-0.8%
TMO	F	-0.78%
CB	C	-0.72%
ETN	A	-0.72%
LOW	D	-0.71%
AMGN	D	-0.71%
SBUX	A	-0.7%
HON	B	-0.7%
VRTX	F	-0.69%
MMC	B	-0.67%
UNP	C	-0.63%
AJG	B	-0.61%
AIZ	A	-0.61%
FDS	B	-0.59%
LMT	D	-0.58%
ITW	B	-0.56%
WRB	A	-0.56%
NKE	D	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
ORLY	B	-0.53%
REGN	F	-0.5%
NOC	D	-0.5%
OTIS	C	-0.47%
AZO	C	-0.47%
RSG	A	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
BAH	F	-0.43%
J	F	-0.39%
MDLZ	F	-0.37%
CL	D	-0.35%
FCN	D	-0.34%
EQIX	A	-0.31%
SHW	A	-0.3%
AMT	D	-0.29%
GIS	D	-0.28%
LNG	B	-0.28%
DLR	B	-0.26%
PSA	D	-0.25%
CMS	C	-0.24%
HSY	F	-0.24%
ECL	D	-0.24%
O	D	-0.22%
CCI	D	-0.21%
VMC	B	-0.2%
MLM	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%
AVY	D	-0.14%