PAPI vs. FDRR ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to Fidelity Dividend ETF for Rising Rates (FDRR)

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

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$53.29

Average Daily Volume

19,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	FDRR
30 Days	3.08%	1.87%
60 Days	3.73%	4.38%
90 Days	4.88%	5.21%
12 Months	19.25%	31.25%

45 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in FDRR	Overlap
ABBV	D	0.46%	1.22%	0.46%
AEP	D	0.5%	0.27%	0.27%
AMCR	D	0.47%	0.16%	0.16%
APD	A	0.51%	0.29%	0.29%
BBY	D	0.49%	0.67%	0.49%
CMCSA	B	0.54%	0.74%	0.54%
CME	A	0.52%	0.79%	0.52%
COP	C	0.56%	0.43%	0.43%
CSCO	B	0.54%	1.44%	0.54%
CVX	A	0.57%	0.71%	0.57%
D	C	0.5%	0.27%	0.27%
DOW	F	0.44%	0.16%	0.16%
DUK	C	0.5%	0.33%	0.33%
DVN	F	0.5%	0.21%	0.21%
EA	A	0.59%	0.61%	0.59%
EOG	A	0.56%	0.36%	0.36%
FOXA	B	0.57%	0.67%	0.57%
HPQ	B	0.52%	1.21%	0.52%
IBM	C	0.46%	1.34%	0.46%
IP	B	0.63%	0.24%	0.24%
IPG	D	0.45%	0.4%	0.4%
JNJ	D	0.5%	1.35%	0.5%
KO	D	0.45%	0.81%	0.45%
LIN	D	0.49%	0.54%	0.49%
LYB	F	0.48%	0.15%	0.15%
MO	A	0.59%	0.68%	0.59%
MOS	F	0.54%	0.12%	0.12%
MRK	F	0.46%	0.97%	0.46%
MSFT	F	0.53%	6.6%	0.53%
NEM	D	0.38%	0.24%	0.24%
NYT	C	0.5%	0.5%	0.5%
OMC	C	0.49%	0.53%	0.49%
PEP	F	0.48%	0.74%	0.48%
PFE	D	0.44%	0.88%	0.44%
PG	A	0.52%	1.13%	0.52%
PM	B	0.56%	0.89%	0.56%
RTX	C	0.5%	0.92%	0.5%
SO	D	0.5%	0.36%	0.36%
T	A	0.55%	0.88%	0.55%
TJX	A	0.54%	0.91%	0.54%
TXN	C	0.53%	1.5%	0.53%
UNH	C	0.55%	1.79%	0.55%
UPS	C	0.52%	0.62%	0.52%
VZ	C	0.5%	0.78%	0.5%
XOM	B	0.52%	1.09%	0.52%

PAPI Overweight 144 Positions Relative to FDRR

Symbol	Grade	Weight
GRMN	B	0.65%
SNA	A	0.63%
DTM	B	0.62%
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%
IDA	A	0.59%
KMI	A	0.58%
CINF	A	0.58%
JHG	A	0.58%
WMB	A	0.58%
JCI	C	0.58%
WHR	B	0.57%
RHI	B	0.57%
TRV	B	0.57%
SRE	A	0.57%
CTRA	B	0.57%
RF	A	0.57%
DGX	A	0.57%
SYK	C	0.57%
LH	C	0.57%
TXRH	C	0.57%
XEL	A	0.57%
CMI	A	0.57%
FAST	B	0.56%
WSO	A	0.56%
CAH	B	0.56%
RS	B	0.56%
PKG	A	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%
PAG	B	0.54%
COR	B	0.54%
OGS	A	0.54%
ORI	A	0.54%
WMT	A	0.54%
COST	B	0.54%
CHD	B	0.54%
AFG	A	0.54%
DRI	B	0.54%
ADP	B	0.54%
MTN	C	0.54%
AEE	A	0.54%
CTSH	B	0.53%
LHX	C	0.53%
AM	A	0.53%
GILD	C	0.53%
PRU	A	0.53%
PAYX	C	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%
ROP	B	0.52%
ABT	B	0.52%
NFG	A	0.52%
ATR	B	0.52%
PEG	A	0.52%
EXPD	D	0.52%
PSX	C	0.52%
CHRD	D	0.52%
WEC	A	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%
CTVA	C	0.5%
BDX	F	0.5%
POWI	D	0.5%
FE	C	0.5%
GD	F	0.5%
ACN	C	0.5%
CCOI	B	0.5%
SNX	C	0.5%
PFG	D	0.5%
RGLD	C	0.5%
BG	F	0.5%
MTG	C	0.5%
AFL	B	0.5%
DOX	D	0.49%
CHE	D	0.49%
KMB	D	0.49%
PPG	F	0.49%
SON	D	0.49%
FLO	D	0.49%
JKHY	D	0.49%
EMN	D	0.49%
QCOM	F	0.49%
HRL	D	0.49%
CAG	D	0.48%
AOS	F	0.48%
WEN	D	0.48%
ADI	D	0.48%
ED	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%
SWKS	F	0.45%
GPC	D	0.45%
DHR	F	0.45%
ESNT	D	0.45%
HUN	F	0.44%
MAN	D	0.44%
INSW	F	0.44%
PII	D	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	D	0.41%
HII	D	0.39%
SCCO	F	0.0%

PAPI Underweight 56 Positions Relative to FDRR

Symbol	Grade	Weight
NVDA	C	-8.35%
AAPL	C	-7.22%
AVGO	D	-2.56%
JPM	A	-2.11%
LLY	F	-1.82%
V	A	-1.56%
DELL	C	-1.47%
BAC	A	-1.39%
HD	A	-1.37%
WFC	A	-1.37%
GS	A	-1.23%
MS	A	-1.2%
BX	A	-1.09%
BMY	B	-1.01%
PNC	B	-0.97%
GE	D	-0.96%
LOW	D	-0.95%
C	A	-0.95%
CAT	B	-0.94%
GM	B	-0.92%
MCD	D	-0.91%
USB	A	-0.86%
TFC	A	-0.85%
HON	B	-0.82%
SBUX	A	-0.79%
LMT	D	-0.79%
MAR	B	-0.75%
UNP	C	-0.7%
DE	A	-0.68%
TKO	B	-0.68%
CVS	D	-0.65%
PCAR	B	-0.62%
F	C	-0.58%
NKE	D	-0.56%
NWSA	B	-0.55%
TRGP	B	-0.49%
NEE	D	-0.48%
GEV	B	-0.44%
WMG	C	-0.42%
NXST	C	-0.42%
PLD	D	-0.35%
SPG	B	-0.34%
PARA	C	-0.34%
PSA	D	-0.3%
CCI	D	-0.25%
FCX	D	-0.25%
OHI	C	-0.25%
EXC	C	-0.24%
VICI	C	-0.24%
EIX	B	-0.24%
GLPI	C	-0.21%
WY	D	-0.2%
WPC	D	-0.18%
IFF	D	-0.17%
WBA	F	-0.15%
CIVI	D	-0.15%