QARP vs. FVAL ETF Comparison

Comparison of Xtrackers Russell 1000 US QARP ETF (QARP) to Fidelity Value Factor ETF (FVAL)

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.70

Average Daily Volume

3,247

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$63.27

Average Daily Volume

72,352

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	QARP	FVAL
30 Days	2.36%	2.84%
60 Days	5.56%	7.42%
90 Days	9.00%	10.60%
12 Months	30.27%	32.82%

87 Overlapping Holdings

Symbol	Grade	Weight in QARP	Weight in FVAL	Overlap
AAPL	D	4.9%	6.63%	4.9%
ABBV	D	0.02%	1.32%	0.02%
ACI	C	0.05%	0.34%	0.05%
ACN	C	1.15%	1.14%	1.14%
ADM	F	0.27%	0.33%	0.27%
ADP	A	0.21%	0.64%	0.21%
AGCO	F	0.06%	0.37%	0.06%
AMZN	B	3.87%	3.92%	3.87%
BKNG	A	0.81%	0.85%	0.81%
BMY	B	0.61%	0.93%	0.61%
BRK.A	C	5.09%	2.01%	2.01%
CAT	B	0.68%	0.77%	0.68%
CBRE	B	0.1%	0.24%	0.1%
CF	B	0.13%	0.17%	0.13%
CI	D	0.55%	0.79%	0.55%
CLF	D	0.05%	0.12%	0.05%
CMCSA	B	0.86%	0.61%	0.61%
CMI	B	0.26%	0.5%	0.26%
CNC	F	0.27%	0.56%	0.27%
COF	B	0.15%	0.71%	0.15%
COP	C	0.77%	0.39%	0.39%
CTSH	A	0.29%	0.78%	0.29%
CVS	F	0.19%	0.73%	0.19%
CVX	B	1.5%	0.64%	0.64%
DAL	A	0.21%	0.6%	0.21%
DE	D	0.25%	0.58%	0.25%
DOW	F	0.07%	0.17%	0.07%
DVN	F	0.17%	0.18%	0.17%
EBAY	D	0.09%	0.51%	0.09%
EG	D	0.05%	0.48%	0.05%
ELV	F	0.49%	0.69%	0.49%
EOG	B	0.47%	0.31%	0.31%
EXPE	B	0.16%	0.65%	0.16%
FCX	F	0.04%	0.26%	0.04%
FDX	B	0.32%	0.46%	0.32%
G	B	0.02%	0.49%	0.02%
GILD	B	0.33%	1.04%	0.33%
GLPI	D	0.03%	0.16%	0.03%
GM	B	0.24%	0.64%	0.24%
GOOGL	B	2.34%	3.78%	2.34%
HD	B	2.02%	1.19%	1.19%
HST	C	0.03%	0.17%	0.03%
INTC	C	0.08%	0.81%	0.08%
JNJ	F	2.48%	1.3%	1.3%
KMB	F	0.16%	0.4%	0.16%
KR	A	0.3%	0.43%	0.3%
KVUE	A	0.21%	0.5%	0.21%
LMT	D	0.74%	0.58%	0.58%
LVS	C	0.05%	0.57%	0.05%
LYB	F	0.09%	0.15%	0.09%
M	D	0.02%	0.39%	0.02%
MCD	D	0.4%	0.85%	0.4%
META	B	5.26%	2.66%	2.66%
MMM	D	0.12%	0.51%	0.12%
MO	A	0.63%	0.53%	0.53%
MOS	D	0.05%	0.14%	0.05%
MPC	D	0.25%	0.23%	0.23%
MRK	F	0.34%	1.06%	0.34%
MSFT	C	2.03%	6.37%	2.03%
MU	C	0.38%	0.97%	0.38%
NUE	C	0.37%	0.2%	0.2%
NVDA	A	0.17%	7.49%	0.17%
OC	B	0.13%	0.4%	0.13%
PCAR	B	0.23%	0.53%	0.23%
PG	D	1.36%	1.05%	1.05%
PSA	D	0.32%	0.25%	0.25%
QCOM	F	0.27%	1.05%	0.27%
RHI	B	0.07%	0.44%	0.07%
RNR	D	0.06%	0.55%	0.06%
RPRX	F	0.03%	0.61%	0.03%
SPG	B	0.2%	0.26%	0.2%
STLD	B	0.24%	0.19%	0.19%
SWKS	F	0.08%	0.58%	0.08%
SYF	B	0.12%	0.64%	0.12%
T	C	0.7%	0.6%	0.6%
TGT	C	0.4%	0.46%	0.4%
UAL	A	0.09%	0.79%	0.09%
UNH	B	2.27%	1.72%	1.72%
UNP	D	0.12%	0.62%	0.12%
UPS	D	0.42%	0.54%	0.42%
V	A	1.8%	1.4%	1.4%
VICI	D	0.08%	0.2%	0.08%
VLO	D	0.17%	0.21%	0.17%
VZ	D	0.67%	0.58%	0.58%
WMT	A	2.93%	1.06%	1.06%
WYNN	F	0.04%	0.45%	0.04%
XOM	B	3.23%	1.14%	1.14%

QARP Overweight 258 Positions Relative to FVAL

Symbol	Grade	Weight
COST	B	2.3%
GOOG	B	2.12%
CSCO	A	1.97%
MA	A	1.58%
MCK	B	1.02%
ADBE	C	0.86%
TJX	B	0.8%
LOW	B	0.8%
AMAT	F	0.79%
TSLA	B	0.62%
PM	C	0.58%
MMC	C	0.57%
PFE	F	0.53%
SBUX	B	0.52%
LRCX	F	0.47%
LEN	D	0.43%
COR	A	0.4%
TXN	B	0.38%
CAH	B	0.38%
ORLY	A	0.37%
AON	A	0.34%
AZO	C	0.34%
SYY	B	0.34%
PYPL	B	0.33%
MCO	C	0.33%
NKE	F	0.33%
DHI	D	0.33%
ITW	B	0.32%
HUM	F	0.29%
HCA	D	0.29%
REGN	F	0.28%
GWW	B	0.27%
ROST	F	0.26%
TROW	B	0.25%
NVR	D	0.25%
ACGL	D	0.24%
ABNB	C	0.24%
BBY	D	0.24%
MSCI	B	0.23%
VRTX	B	0.23%
ABT	B	0.23%
PHM	D	0.22%
CL	F	0.22%
URI	B	0.22%
FAST	B	0.21%
PAYX	B	0.2%
EA	A	0.2%
FTNT	A	0.19%
GEV	B	0.19%
ODFL	B	0.18%
LULU	C	0.18%
KLAC	F	0.18%
VST	B	0.18%
FANG	D	0.18%
BLDR	D	0.17%
LPLA	A	0.17%
ISRG	A	0.17%
GRMN	A	0.16%
ULTA	C	0.16%
RS	B	0.16%
TSCO	D	0.16%
WSM	F	0.16%
GEHC	D	0.15%
EME	B	0.15%
MNST	B	0.15%
EXPD	F	0.14%
ANET	C	0.14%
DRI	B	0.13%
FCNCA	B	0.13%
SLB	D	0.13%
CHTR	B	0.13%
PSX	D	0.12%
MAR	A	0.12%
SNA	A	0.12%
KEYS	B	0.12%
DECK	B	0.12%
CASY	A	0.12%
MTD	F	0.11%
UTHR	B	0.11%
MTG	D	0.11%
TPR	B	0.11%
CPNG	C	0.11%
MRO	B	0.11%
BJ	B	0.11%
SOLV	C	0.11%
FDS	A	0.1%
A	F	0.1%
EVR	B	0.1%
CMG	B	0.1%
LUV	B	0.1%
CTRA	C	0.1%
HRB	D	0.09%
CINF	A	0.09%
AMG	C	0.09%
HSY	D	0.09%
ADI	D	0.09%
BKR	B	0.09%
ROK	B	0.09%
DKS	D	0.09%
GIS	F	0.09%
TOL	B	0.08%
AYI	A	0.08%
CTAS	A	0.08%
LYV	A	0.08%
CBOE	D	0.08%
MAS	D	0.08%
PFGC	B	0.08%
HPQ	B	0.08%
WY	F	0.08%
WST	C	0.08%
CPRT	B	0.07%
GPC	D	0.07%
GGG	B	0.07%
AOS	F	0.07%
LNG	B	0.07%
MOH	F	0.07%
INCY	B	0.07%
MRNA	F	0.07%
FICO	A	0.07%
LH	B	0.07%
SEIC	A	0.07%
SPGI	D	0.07%
DOX	A	0.07%
ATO	A	0.07%
DLTR	F	0.07%
WSO	A	0.07%
TT	A	0.07%
AMD	F	0.07%
EXP	B	0.06%
PGR	B	0.06%
MKTX	C	0.06%
PWR	B	0.06%
TXRH	B	0.06%
BX	B	0.06%
EW	F	0.06%
PKG	B	0.06%
FFIV	B	0.06%
HAL	D	0.06%
OXY	F	0.06%
TXT	D	0.06%
K	A	0.06%
CHRW	B	0.06%
VRSN	C	0.06%
ADSK	B	0.06%
JBL	B	0.06%
SKX	F	0.06%
NTAP	C	0.06%
BWA	B	0.06%
POOL	D	0.06%
CSX	B	0.06%
CLX	B	0.06%
ORCL	A	0.05%
DCI	A	0.05%
HOLX	D	0.05%
OTIS	D	0.05%
FND	F	0.05%
ON	D	0.05%
IP	B	0.05%
ALGN	D	0.05%
ITT	A	0.05%
SAIA	B	0.05%
INGR	B	0.05%
LSTR	B	0.05%
CSL	C	0.05%
JBHT	B	0.05%
BLD	F	0.05%
APTV	F	0.05%
MGM	F	0.05%
MUSA	B	0.05%
JKHY	C	0.05%
RL	B	0.05%
UHS	D	0.05%
YUM	B	0.05%
OSK	B	0.04%
JNPR	C	0.04%
USFD	A	0.04%
CHE	D	0.04%
J	B	0.04%
WBD	C	0.04%
X	B	0.04%
COIN	B	0.04%
NYT	C	0.04%
ROL	B	0.04%
ACM	B	0.04%
ALSN	B	0.04%
TSN	C	0.04%
LPX	A	0.04%
CNP	B	0.04%
ARMK	C	0.04%
COKE	D	0.04%
BURL	C	0.04%
LEA	F	0.04%
PAYC	B	0.04%
HLI	B	0.04%
ALK	A	0.04%
MCHP	F	0.04%
GNTX	C	0.04%
CHRD	F	0.04%
LECO	B	0.04%
CNM	D	0.04%
DBX	B	0.04%
FIX	B	0.04%
CCL	A	0.04%
EL	F	0.03%
DD	D	0.03%
MHK	D	0.03%
RLI	A	0.03%
SSD	D	0.03%
CTVA	C	0.03%
CRUS	F	0.03%
OLN	D	0.03%
LOPE	B	0.03%
MTZ	B	0.03%
CROX	F	0.03%
CE	F	0.03%
OVV	C	0.03%
TTEK	C	0.03%
FCN	D	0.03%
PINC	B	0.03%
PII	F	0.03%
SJM	F	0.03%
WTW	A	0.03%
MSM	B	0.03%
KNX	B	0.03%
WAT	B	0.03%
DPZ	C	0.03%
THO	B	0.03%
PVH	C	0.03%
DGX	A	0.03%
FOXA	A	0.03%
AMGN	F	0.03%
JHG	B	0.03%
TER	D	0.03%
GAP	C	0.03%
VVV	B	0.03%
TAP	B	0.03%
MEDP	D	0.03%
LAMR	D	0.03%
AAL	B	0.03%
LLY	D	0.03%
EPAM	C	0.03%
KNSL	C	0.03%
EXEL	B	0.03%
AMCR	D	0.03%
DINO	D	0.02%
BIIB	F	0.02%
AR	B	0.02%
BBWI	C	0.02%
NEU	C	0.02%
CDNS	B	0.02%
CDW	F	0.02%
HII	D	0.02%
CPB	F	0.02%
ALB	C	0.02%
FIVE	F	0.02%
APA	F	0.02%
LKQ	D	0.02%
IWB	A	0.0%

QARP Underweight 37 Positions Relative to FVAL

Symbol	Grade	Weight
JPM	B	-1.75%
CRM	B	-1.42%
IBM	D	-1.11%
BAC	A	-1.08%
WFC	B	-1.0%
ZM	A	-0.97%
HPE	B	-0.83%
AXP	B	-0.82%
C	B	-0.73%
TRV	B	-0.66%
DFS	B	-0.66%
HON	B	-0.64%
JXN	B	-0.59%
LIN	D	-0.53%
PRU	B	-0.53%
F	C	-0.5%
OZK	B	-0.48%
NEE	D	-0.46%
DUK	D	-0.34%
PLD	F	-0.32%
BG	D	-0.3%
PCG	A	-0.28%
PARA	C	-0.28%
NRG	B	-0.27%
ATKR	C	-0.27%
AEP	D	-0.26%
EXC	D	-0.24%
O	D	-0.23%
NEM	F	-0.21%
NFG	C	-0.19%
UGI	D	-0.18%
BXP	D	-0.18%
ARE	F	-0.17%
JLL	C	-0.17%
WPC	F	-0.16%
MUR	F	-0.14%
CIVI	F	-0.13%