QQEW vs. FDMO ETF Comparison

Comparison of First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) to Fidelity Momentum Factor ETF (FDMO)

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$125.42

Average Daily Volume

66,511

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FDMO

Fidelity Momentum Factor ETF

FDMO Description

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

Grade (RS Rating)

Last Trade

$66.49

Average Daily Volume

43,744

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

Performance

Period	QQEW	FDMO
30 Days	3.98%	6.57%
60 Days	9.57%	13.20%
90 Days	0.25%	2.68%
12 Months	22.85%	44.97%

22 Overlapping Holdings

Symbol	Grade	Weight in QQEW	Weight in FDMO	Overlap
AEP	C	0.97%	0.25%	0.25%
AMAT	C	1.08%	1.43%	1.08%
AMGN	D	0.93%	0.96%	0.93%
AMZN	C	0.98%	3.6%	0.98%
AVGO	B	1.03%	2.64%	1.03%
BKNG	B	1.04%	0.73%	0.73%
CEG	A	0.99%	0.38%	0.38%
COST	C	0.98%	0.97%	0.97%
CRWD	D	0.93%	1.5%	0.93%
CTAS	C	1.0%	0.51%	0.51%
FANG	D	0.92%	0.26%	0.26%
GOOGL	B	0.49%	3.59%	0.49%
ISRG	C	0.99%	1.04%	0.99%
KLAC	B	1.05%	1.31%	1.05%
LIN	C	1.01%	0.56%	0.56%
META	A	1.0%	2.62%	1.0%
MSFT	D	0.98%	6.99%	0.98%
MU	D	1.19%	1.32%	1.19%
NFLX	A	1.0%	0.82%	0.82%
NVDA	B	1.05%	6.59%	1.05%
REGN	D	0.9%	0.85%	0.85%
TMUS	A	1.01%	0.44%	0.44%

QQEW Overweight 79 Positions Relative to FDMO

Symbol	Grade	Weight
PDD	B	1.28%
INTC	D	1.08%
LRCX	D	1.08%
ASML	F	1.06%
ARM	C	1.06%
AMD	C	1.06%
TSLA	C	1.05%
ON	F	1.04%
MCHP	F	1.03%
PYPL	A	1.03%
NXPI	F	1.03%
ORLY	A	1.03%
EA	D	1.02%
TXN	C	1.02%
GFS	F	1.02%
TTWO	D	1.01%
CTSH	B	1.01%
QCOM	D	1.01%
CMCSA	B	1.01%
ADSK	B	1.01%
DASH	A	1.01%
LULU	D	1.01%
GEHC	C	1.01%
ADI	B	1.01%
MAR	A	1.01%
FAST	C	1.0%
CPRT	B	1.0%
ANSS	D	1.0%
SBUX	B	1.0%
CDW	D	1.0%
DLTR	F	1.0%
MNST	D	1.0%
CSCO	A	1.0%
SNPS	F	1.0%
HON	C	1.0%
MELI	D	0.99%
TTD	A	0.99%
TEAM	D	0.99%
VRSK	D	0.99%
MDLZ	D	0.99%
CDNS	D	0.99%
KDP	C	0.99%
IDXX	D	0.99%
FTNT	A	0.99%
ODFL	F	0.99%
WBD	F	0.99%
ILMN	B	0.99%
WDAY	D	0.98%
PCAR	D	0.98%
GILD	A	0.98%
ZS	F	0.98%
ROP	D	0.98%
ROST	D	0.98%
PEP	F	0.98%
EXC	C	0.98%
ADP	A	0.98%
MRVL	C	0.98%
DDOG	B	0.98%
KHC	F	0.98%
PANW	B	0.98%
VRTX	D	0.98%
AAPL	C	0.98%
AZN	D	0.98%
XEL	C	0.98%
PAYX	B	0.98%
MDB	D	0.97%
ABNB	D	0.97%
ADBE	F	0.97%
INTU	F	0.97%
CSX	D	0.96%
BIIB	F	0.96%
MRNA	F	0.96%
CCEP	C	0.96%
DXCM	F	0.95%
CHTR	D	0.95%
BKR	B	0.95%
CSGP	F	0.95%
SMCI	F	0.87%
GOOG	B	0.49%

QQEW Underweight 100 Positions Relative to FDMO

Symbol	Grade	Weight
LLY	D	-2.03%
APP	A	-2.0%
BRK.A	B	-2.0%
JPM	C	-1.54%
ANET	A	-1.45%
ABBV	C	-1.34%
APH	D	-1.29%
GDDY	B	-1.26%
V	B	-1.26%
HD	A	-1.25%
DELL	C	-1.23%
XOM	A	-1.23%
MRK	F	-1.22%
PG	D	-1.0%
BSX	A	-0.98%
WMT	A	-0.92%
BAC	B	-0.92%
ELV	F	-0.86%
NTRA	A	-0.85%
WFC	B	-0.78%
PGR	B	-0.78%
CAT	A	-0.78%
GE	B	-0.77%
KO	C	-0.76%
THC	D	-0.76%
AXP	A	-0.74%
UBER	C	-0.72%
GS	B	-0.71%
TJX	D	-0.69%
RTX	A	-0.69%
CB	A	-0.68%
MCK	F	-0.65%
C	B	-0.64%
ETN	B	-0.64%
KKR	A	-0.62%
VZ	C	-0.6%
CMG	C	-0.6%
PM	D	-0.59%
TT	A	-0.58%
HLT	A	-0.58%
T	B	-0.55%
CVNA	A	-0.55%
ALL	A	-0.55%
TDG	A	-0.55%
VRT	B	-0.53%
HIG	A	-0.52%
WING	C	-0.51%
GD	C	-0.5%
WM	B	-0.5%
DECK	B	-0.49%
HOOD	B	-0.49%
NEE	C	-0.49%
WSM	C	-0.48%
WAB	A	-0.47%
JXN	A	-0.46%
LDOS	A	-0.45%
FIX	A	-0.45%
EME	B	-0.45%
RSG	D	-0.44%
CSL	A	-0.43%
ANF	D	-0.42%
COIN	F	-0.39%
CL	D	-0.39%
OKE	A	-0.35%
SO	A	-0.34%
WMB	A	-0.34%
DUK	C	-0.33%
AMT	D	-0.33%
MPC	D	-0.32%
VST	A	-0.32%
TRGP	A	-0.31%
PSX	D	-0.31%
SHW	C	-0.3%
EQIX	C	-0.29%
FCX	B	-0.28%
WELL	C	-0.28%
SFM	A	-0.27%
PEG	A	-0.26%
FRPT	A	-0.26%
ECL	C	-0.25%
CASY	D	-0.25%
PSA	C	-0.25%
SPG	A	-0.24%
DLR	C	-0.23%
NRG	A	-0.23%
FTI	B	-0.23%
EXR	D	-0.21%
IRM	B	-0.2%
AVB	C	-0.19%
IFF	D	-0.18%
WFRD	F	-0.18%
PKG	B	-0.17%
MLM	F	-0.17%
ELF	F	-0.16%
AVY	D	-0.16%
LAMR	C	-0.16%
STLD	C	-0.16%
ESS	D	-0.16%
CRS	B	-0.15%
SLG	C	-0.14%