ROE vs. FDLO ETF Comparison

Comparison of Astoria US Quality Kings ETF (ROE) to Fidelity Low Volatility Factor ETF (FDLO)

ROE

Astoria US Quality Kings ETF

ROE Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund"s sub-adviser.

Grade (RS Rating)

Last Trade

$31.78

Average Daily Volume

13,670

Number of Holdings ^*

* 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	ROE	FDLO
30 Days	3.50%	0.81%
60 Days	4.18%	1.49%
90 Days	4.70%	4.05%
12 Months	32.06%	21.68%

30 Overlapping Holdings

Symbol	Grade	Weight in ROE	Weight in FDLO	Overlap
AAPL	C	0.98%	7.26%	0.98%
ABBV	D	0.84%	0.98%	0.84%
ACN	C	1.02%	1.6%	1.02%
CB	C	0.97%	0.72%	0.72%
CL	D	0.9%	0.35%	0.35%
CMCSA	B	1.02%	0.95%	0.95%
CSCO	B	1.07%	1.77%	1.07%
EOG	A	1.05%	0.32%	0.32%
GOOGL	C	1.05%	4.12%	1.05%
HD	A	1.02%	1.19%	1.02%
IBM	C	0.93%	1.54%	0.93%
ITW	B	1.02%	0.56%	0.56%
JNJ	D	0.94%	1.18%	0.94%
KMB	D	0.95%	0.3%	0.3%
LLY	F	0.78%	1.57%	0.78%
LMT	D	0.9%	0.58%	0.58%
LOW	D	1.01%	0.71%	0.71%
MRK	F	0.82%	0.88%	0.82%
MSFT	F	0.95%	6.93%	0.95%
MSI	B	1.08%	1.49%	1.08%
ORCL	B	1.1%	2.01%	1.1%
PGR	A	0.99%	0.84%	0.84%
PM	B	1.07%	0.62%	0.62%
TJX	A	1.0%	0.65%	0.65%
TMUS	B	1.15%	0.97%	0.97%
TRV	B	1.08%	0.69%	0.69%
TXN	C	0.99%	1.48%	0.99%
V	A	1.11%	1.47%	1.11%
VZ	C	0.93%	0.93%	0.93%
WRB	A	1.05%	0.56%	0.56%

ROE Overweight 69 Positions Relative to FDLO

Symbol	Grade	Weight
APP	B	2.26%
APO	B	1.28%
VST	B	1.27%
SYF	B	1.27%
MCK	B	1.25%
LYV	A	1.21%
AMP	A	1.2%
CHTR	C	1.17%
NFLX	A	1.16%
EME	C	1.14%
NVDA	C	1.14%
ETR	B	1.13%
GWW	B	1.11%
PANW	C	1.1%
MO	A	1.08%
RPM	A	1.08%
TROW	B	1.07%
CAH	B	1.06%
GEN	B	1.06%
SPG	B	1.05%
COR	B	1.05%
APH	A	1.04%
ALL	A	1.03%
URI	B	1.03%
NRG	B	1.03%
DPZ	C	1.02%
DOV	A	1.02%
AFL	B	1.01%
JBL	B	1.01%
VLO	C	1.0%
CTSH	B	0.99%
HIG	B	0.99%
YUM	B	0.98%
CSL	C	0.98%
TGT	F	0.98%
CAT	B	0.98%
SYY	B	0.98%
META	D	0.97%
QCOM	F	0.96%
NTAP	C	0.96%
RMD	C	0.95%
EG	C	0.95%
VICI	C	0.94%
OMC	C	0.94%
ANET	C	0.94%
ON	D	0.93%
ADBE	C	0.93%
NXPI	D	0.92%
EBAY	D	0.92%
DVN	F	0.92%
SBAC	D	0.91%
THC	D	0.91%
ROST	C	0.91%
ZTS	D	0.89%
GEHC	F	0.88%
PHM	D	0.88%
WSM	B	0.86%
A	D	0.86%
AMAT	F	0.85%
LRCX	F	0.83%
MCHP	D	0.83%
SWKS	F	0.83%
DHI	D	0.82%
KLAC	D	0.79%
CDW	F	0.78%
TER	D	0.78%
FSLR	F	0.77%
MPWR	F	0.64%
CE	F	0.54%

ROE Underweight 95 Positions Relative to FDLO

Symbol	Grade	Weight
AMZN	C	-3.92%
BRK.A	B	-2.13%
JPM	A	-1.89%
UNH	C	-1.55%
MA	C	-1.34%
ROP	B	-1.21%
TYL	B	-1.19%
XOM	B	-1.17%
VRSN	F	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
PG	A	-0.99%
T	A	-0.99%
WMT	A	-0.95%
ABT	B	-0.9%
MCD	D	-0.8%
TMO	F	-0.78%
EA	A	-0.72%
ETN	A	-0.72%
AMGN	D	-0.71%
SBUX	A	-0.7%
HON	B	-0.7%
VRTX	F	-0.69%
CVX	A	-0.69%
CME	A	-0.69%
MMC	B	-0.67%
ADP	B	-0.66%
KO	D	-0.66%
UNP	C	-0.63%
PEP	F	-0.62%
AJG	B	-0.61%
AIZ	A	-0.61%
BDX	F	-0.6%
FDS	B	-0.59%
NKE	D	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
FAST	B	-0.54%
LIN	D	-0.53%
ORLY	B	-0.53%
JKHY	D	-0.51%
PAYX	C	-0.51%
GRMN	B	-0.51%
REGN	F	-0.5%
NOC	D	-0.5%
GD	F	-0.49%
LHX	C	-0.49%
OTIS	C	-0.47%
AZO	C	-0.47%
RSG	A	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
BAH	F	-0.43%
COP	C	-0.41%
J	F	-0.39%
SO	D	-0.37%
MDLZ	F	-0.37%
DUK	C	-0.35%
WMB	A	-0.34%
FCN	D	-0.34%
EQIX	A	-0.31%
XEL	A	-0.3%
SHW	A	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
AMT	D	-0.29%
GIS	D	-0.28%
LNG	B	-0.28%
AEP	D	-0.28%
WEC	A	-0.27%
APD	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
PSA	D	-0.25%
ED	D	-0.25%
CMS	C	-0.24%
HSY	F	-0.24%
ECL	D	-0.24%
DTM	B	-0.23%
O	D	-0.22%
CCI	D	-0.21%
VMC	B	-0.2%
CTVA	C	-0.2%
PKG	A	-0.19%
MLM	B	-0.19%
CTRA	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%
ATR	B	-0.16%
AMCR	D	-0.15%
AVY	D	-0.14%