SIZE vs. FQAL ETF Comparison

Comparison of iShares MSCI USA Size Factor (SIZE) to Fidelity Quality Factor ETF (FQAL)

SIZE

iShares MSCI USA Size Factor

SIZE Description

The investment seeks to track the performance of MSCI USA Risk Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Risk Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$148.44

Average Daily Volume

4,219

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$65.04

Average Daily Volume

32,352

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	SIZE	FQAL
30 Days	3.32%	4.46%
60 Days	10.39%	10.73%
90 Days	8.72%	4.98%
12 Months	31.13%	34.32%

50 Overlapping Holdings

Symbol	Grade	Weight in SIZE	Weight in FQAL	Overlap
AAPL	C	5.51%	6.81%	5.51%
ACGL	A	0.29%	0.8%	0.29%
ACN	B	1.67%	1.06%	1.06%
ADBE	F	1.77%	1.01%	1.01%
ADP	A	1.66%	0.59%	0.59%
AMAT	C	1.37%	0.95%	0.95%
AMP	A	0.28%	0.78%	0.28%
AVB	C	0.23%	0.19%	0.19%
AVY	D	0.09%	0.17%	0.09%
CAT	A	1.44%	0.79%	0.79%
CME	A	0.52%	0.84%	0.52%
COP	D	1.7%	0.39%	0.39%
COST	C	2.49%	1.0%	1.0%
CTAS	C	0.57%	0.52%	0.52%
EQR	C	0.18%	0.17%	0.17%
FAST	C	0.36%	0.47%	0.36%
GOOGL	B	1.73%	3.57%	1.73%
GRMN	D	0.4%	0.73%	0.4%
GWW	B	0.52%	0.49%	0.49%
HSY	D	0.17%	0.29%	0.17%
IDXX	D	0.35%	0.83%	0.35%
ITW	C	0.71%	0.54%	0.54%
JNJ	D	2.27%	1.44%	1.44%
KLAC	B	0.94%	0.83%	0.83%
KO	C	1.68%	0.78%	0.78%
LIN	C	1.22%	0.57%	0.57%
LLY	D	4.08%	2.06%	2.06%
LMT	A	1.23%	0.62%	0.62%
LRCX	D	0.83%	0.81%	0.81%
MA	A	4.04%	1.43%	1.43%
MCO	D	0.54%	0.78%	0.54%
META	A	4.28%	2.61%	2.61%
MMM	C	0.54%	0.54%	0.54%
MNST	D	0.21%	0.31%	0.21%
MSFT	D	4.59%	6.61%	4.59%
NFLX	A	1.52%	0.84%	0.84%
NVDA	B	5.74%	6.3%	5.74%
ODFL	F	0.31%	0.42%	0.31%
PAYX	B	0.49%	0.47%	0.47%
PLD	D	0.79%	0.34%	0.34%
PSA	C	0.6%	0.25%	0.25%
QCOM	D	1.2%	0.99%	0.99%
RS	D	0.08%	0.16%	0.08%
SHW	C	0.58%	0.31%	0.31%
TPL	A	0.39%	0.21%	0.21%
V	B	4.06%	1.46%	1.46%
VEEV	C	0.15%	0.84%	0.15%
VRTX	D	0.63%	0.87%	0.63%
WSM	C	0.33%	0.75%	0.33%
ZTS	C	0.57%	0.92%	0.57%

SIZE Overweight 73 Positions Relative to FQAL

Symbol	Grade	Weight
UNH	B	2.79%
TJX	D	1.98%
NKE	D	1.64%
CSCO	A	1.61%
GOOG	B	1.51%
TXN	C	1.35%
CMG	C	1.24%
PEP	F	1.2%
SLB	D	0.9%
BLK	A	0.89%
SRE	C	0.85%
DHI	C	0.84%
MMC	D	0.75%
ANET	A	0.74%
PEG	A	0.71%
NVR	C	0.57%
LULU	D	0.56%
ED	C	0.55%
CDNS	D	0.53%
SNPS	F	0.49%
PHM	C	0.49%
APH	D	0.46%
TSCO	A	0.46%
DECK	B	0.44%
AFL	A	0.42%
ATO	A	0.39%
ULTA	D	0.33%
CBRE	C	0.33%
BBY	C	0.32%
APD	C	0.32%
MPWR	B	0.28%
FERG	F	0.28%
CSGP	F	0.27%
POOL	D	0.23%
A	B	0.23%
EW	F	0.23%
APA	F	0.22%
NTAP	D	0.22%
VLTO	A	0.22%
MANH	A	0.2%
ROK	D	0.2%
EQT	C	0.19%
RMD	C	0.18%
EA	D	0.18%
TROW	D	0.17%
PPG	D	0.16%
KEYS	B	0.16%
CBOE	B	0.15%
EME	B	0.14%
LPLA	D	0.13%
EXPD	D	0.13%
SMCI	F	0.13%
WAT	B	0.13%
FDS	C	0.12%
WST	D	0.12%
ROL	C	0.12%
GGG	C	0.11%
ENPH	F	0.11%
OMC	C	0.11%
MOH	F	0.11%
WSO	C	0.11%
ERIE	A	0.11%
JKHY	A	0.1%
PKG	B	0.09%
AOS	C	0.08%
UTHR	C	0.08%
MKTX	B	0.07%
IPG	D	0.06%
SEIC	B	0.06%
AFG	A	0.06%
PAYC	D	0.06%
SOLV	C	0.05%
WBA	F	0.03%

SIZE Underweight 74 Positions Relative to FQAL

Symbol	Grade	Weight
AVGO	B	-2.13%
HD	A	-1.49%
ABBV	C	-1.37%
MCD	A	-1.17%
XOM	A	-1.14%
BKNG	B	-1.05%
LOW	C	-1.03%
PG	D	-1.02%
PGR	B	-1.0%
GILD	A	-0.97%
SPGI	C	-0.96%
BMY	A	-0.94%
BX	C	-0.91%
PANW	B	-0.85%
FICO	C	-0.83%
ORLY	A	-0.81%
AZO	D	-0.79%
YUM	C	-0.77%
MTD	C	-0.75%
MSCI	B	-0.74%
ABNB	D	-0.74%
CPAY	A	-0.72%
DPZ	D	-0.7%
JXN	A	-0.68%
KNSL	B	-0.66%
UNP	F	-0.65%
CFR	B	-0.63%
CVX	B	-0.63%
EWBC	B	-0.63%
VZ	C	-0.62%
MEDP	F	-0.62%
PM	D	-0.6%
CBSH	D	-0.6%
QLYS	F	-0.58%
T	B	-0.56%
TDG	A	-0.55%
NEE	C	-0.53%
OTIS	A	-0.49%
CSX	D	-0.49%
AME	C	-0.47%
MDLZ	D	-0.45%
CPRT	B	-0.45%
VRSK	D	-0.44%
CEG	A	-0.42%
CL	D	-0.41%
MO	D	-0.41%
TTD	A	-0.39%
SO	A	-0.38%
VST	A	-0.36%
KMB	D	-0.34%
AMT	D	-0.32%
EOG	B	-0.3%
FCX	B	-0.29%
WMB	A	-0.28%
NRG	A	-0.27%
WEC	B	-0.26%
ECL	C	-0.26%
LNG	A	-0.24%
O	C	-0.23%
SPG	A	-0.23%
UGI	C	-0.2%
NFG	A	-0.2%
EXR	D	-0.2%
AM	A	-0.19%
NUE	D	-0.19%
VICI	C	-0.19%
CF	A	-0.18%
MLM	F	-0.18%
SBAC	C	-0.17%
EXP	C	-0.16%
ESS	D	-0.16%
WHD	A	-0.16%
GLPI	C	-0.15%
RGLD	C	-0.15%