SPYV vs. FHEQ ETF Comparison

Comparison of SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV) to Fidelity Hedged Equity ETF (FHEQ)

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.04

Average Daily Volume

2,508,972

Number of Holdings ^*

432

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$28.03

Average Daily Volume

22,106

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

Performance

Period	SPYV	FHEQ
30 Days	0.92%	1.67%
60 Days	4.33%	5.89%
90 Days	7.00%	6.98%
12 Months	27.38%

105 Overlapping Holdings

Symbol	Grade	Weight in SPYV	Weight in FHEQ	Overlap
ABBV	D	1.04%	1.25%	1.04%
ADP	A	0.35%	0.15%	0.15%
ALL	A	0.24%	0.06%	0.06%
ALLE	D	0.04%	0.41%	0.04%
AMGN	F	0.81%	0.28%	0.28%
AMT	F	0.25%	0.04%	0.04%
AXP	B	0.23%	0.42%	0.23%
BAC	A	1.41%	1.08%	1.08%
BDX	D	0.31%	0.62%	0.31%
BIIB	F	0.12%	0.24%	0.12%
BK	B	0.27%	0.35%	0.27%
BMY	B	0.52%	0.74%	0.52%
BRK.A	B	3.94%	2.15%	2.15%
C	A	0.61%	0.51%	0.51%
CAH	A	0.13%	0.41%	0.13%
CAT	C	0.39%	0.6%	0.39%
CCL	A	0.03%	0.05%	0.03%
CI	D	0.42%	0.63%	0.42%
CINF	A	0.11%	0.12%	0.11%
CL	F	0.21%	0.58%	0.21%
CLX	A	0.09%	0.2%	0.09%
CMCSA	B	0.8%	0.86%	0.8%
CME	A	0.24%	0.37%	0.24%
CNC	F	0.15%	0.07%	0.07%
COST	B	1.1%	0.44%	0.44%
CSCO	A	1.09%	0.78%	0.78%
CSX	B	0.16%	0.55%	0.16%
CTAS	A	0.16%	0.64%	0.16%
CVS	F	0.34%	0.22%	0.22%
CVX	B	1.25%	0.02%	0.02%
DIS	B	0.84%	0.41%	0.41%
DVN	F	0.11%	0.53%	0.11%
ECL	C	0.14%	0.6%	0.14%
ED	D	0.16%	0.02%	0.02%
EOG	A	0.11%	0.25%	0.11%
ETN	A	0.26%	0.14%	0.14%
F	C	0.2%	0.13%	0.13%
GE	C	0.52%	0.44%	0.44%
GEHC	F	0.19%	0.18%	0.18%
GEN	A	0.07%	0.13%	0.07%
GILD	C	0.57%	0.76%	0.57%
GL	B	0.05%	0.19%	0.05%
GRMN	A	0.07%	0.3%	0.07%
HD	B	1.17%	1.29%	1.17%
HWM	A	0.09%	0.24%	0.09%
IDXX	D	0.07%	0.04%	0.04%
IFF	F	0.11%	0.06%	0.06%
INCY	B	0.06%	0.28%	0.06%
JNJ	D	1.76%	0.64%	0.64%
JPM	B	3.14%	1.69%	1.69%
KO	F	0.7%	0.02%	0.02%
KR	A	0.18%	0.11%	0.11%
L	A	0.07%	0.07%	0.07%
LDOS	B	0.12%	0.37%	0.12%
LHX	A	0.23%	0.11%	0.11%
LMT	C	0.55%	0.71%	0.55%
MA	B	0.56%	1.33%	0.56%
MDLZ	F	0.24%	0.08%	0.08%
MGM	D	0.01%	0.12%	0.01%
MMC	C	0.25%	0.52%	0.25%
MMM	C	0.34%	0.22%	0.22%
MRK	F	0.72%	0.71%	0.71%
MS	A	0.75%	0.14%	0.14%
MSCI	B	0.09%	0.57%	0.09%
MSI	B	0.15%	0.23%	0.15%
MU	D	0.59%	0.53%	0.53%
NEE	D	0.72%	0.6%	0.6%
NOC	C	0.33%	0.59%	0.33%
NSC	B	0.29%	0.26%	0.26%
NUE	C	0.07%	0.31%	0.07%
PCAR	B	0.07%	0.39%	0.07%
PFE	F	0.73%	0.65%	0.65%
PG	C	1.1%	0.85%	0.85%
PGR	A	0.35%	0.61%	0.35%
PM	C	0.57%	0.93%	0.57%
PPG	F	0.14%	0.34%	0.14%
PSA	C	0.14%	0.19%	0.14%
PYPL	A	0.39%	0.5%	0.39%
QCOM	F	0.43%	0.86%	0.43%
QRVO	F	0.03%	0.1%	0.03%
RTX	C	0.75%	0.45%	0.45%
SCHW	A	0.51%	0.5%	0.5%
SOLV	D	0.05%	0.14%	0.05%
SPG	B	0.16%	0.15%	0.15%
SPGI	C	0.42%	0.41%	0.41%
STLD	B	0.04%	0.05%	0.04%
T	A	0.74%	0.65%	0.65%
TJX	B	0.22%	0.7%	0.22%
TMO	F	0.62%	0.74%	0.62%
TMUS	A	0.53%	0.07%	0.07%
TROW	B	0.13%	0.14%	0.13%
TRV	B	0.27%	0.51%	0.27%
TT	A	0.13%	0.64%	0.13%
TXT	C	0.08%	0.47%	0.08%
UHS	D	0.06%	0.09%	0.06%
UNH	B	1.62%	0.56%	0.56%
UNP	C	0.38%	0.74%	0.38%
V	A	0.81%	0.44%	0.44%
VZ	C	0.8%	0.51%	0.51%
WM	A	0.2%	0.38%	0.2%
WMT	A	1.7%	0.8%	0.8%
WTW	A	0.15%	0.3%	0.15%
XEL	A	0.17%	0.24%	0.17%
XOM	B	2.52%	1.51%	1.51%
ZBRA	A	0.1%	0.48%	0.1%

SPYV Overweight 327 Positions Relative to FHEQ

Symbol	Grade	Weight
WFC	A	1.11%
ABT	C	0.94%
IBM	C	0.92%
GS	B	0.86%
DHR	F	0.74%
LOW	B	0.71%
PEP	D	0.67%
HON	B	0.66%
TXN	C	0.58%
MCD	C	0.55%
MDT	D	0.53%
INTC	C	0.52%
LIN	D	0.5%
ACN	C	0.49%
CB	C	0.49%
PLD	D	0.49%
ELV	F	0.47%
UPS	C	0.46%
SO	D	0.44%
MO	A	0.43%
ICE	D	0.42%
DUK	D	0.4%
PNC	B	0.38%
MCK	A	0.37%
GD	A	0.37%
WELL	B	0.37%
USB	A	0.36%
EMR	A	0.34%
TGT	C	0.33%
COF	B	0.33%
APD	B	0.32%
ISRG	A	0.3%
FDX	B	0.3%
SLB	C	0.29%
BA	F	0.29%
TFC	B	0.29%
GM	A	0.29%
SRE	A	0.27%
BSX	A	0.27%
FI	A	0.27%
JCI	A	0.26%
GEV	B	0.25%
PSX	D	0.25%
AFL	C	0.25%
KMI	B	0.24%
AEP	D	0.24%
NEM	F	0.24%
NKE	F	0.24%
CMI	A	0.23%
O	D	0.23%
AIG	B	0.23%
ADI	F	0.22%
VRTX	B	0.22%
FIS	B	0.22%
D	D	0.22%
MET	C	0.22%
KVUE	B	0.21%
PRU	B	0.21%
KMB	F	0.21%
SHW	A	0.21%
SBUX	B	0.21%
CCI	F	0.21%
DE	D	0.21%
SYK	A	0.21%
EQIX	B	0.21%
PEG	C	0.2%
BKR	B	0.2%
COR	A	0.2%
PCG	A	0.2%
VLO	D	0.2%
CBRE	A	0.19%
ITW	A	0.19%
CTSH	A	0.19%
AON	A	0.19%
COP	C	0.19%
CTVA	C	0.19%
A	F	0.19%
WMB	B	0.19%
CEG	D	0.19%
SYY	B	0.18%
EXC	C	0.18%
MCO	C	0.18%
APH	B	0.18%
ZTS	D	0.17%
BX	A	0.17%
GIS	F	0.17%
DD	D	0.17%
RMD	C	0.17%
HPQ	B	0.17%
STZ	D	0.17%
KDP	D	0.17%
GLW	C	0.17%
HIG	C	0.16%
DOW	F	0.16%
HCA	D	0.16%
OXY	D	0.16%
HUM	D	0.16%
MTB	B	0.16%
EXR	D	0.16%
WAB	A	0.16%
FCX	F	0.16%
ROP	A	0.16%
REGN	F	0.16%
AJG	A	0.15%
ETR	B	0.15%
EIX	C	0.15%
ADSK	A	0.15%
DLR	C	0.15%
AVB	A	0.15%
NDAQ	A	0.15%
VICI	D	0.15%
ABNB	C	0.15%
CARR	C	0.15%
KHC	F	0.14%
RJF	A	0.14%
XYL	D	0.14%
WEC	B	0.14%
EBAY	C	0.14%
FITB	A	0.14%
DOV	A	0.13%
HPE	B	0.13%
UAL	B	0.13%
PAYX	B	0.13%
STT	B	0.13%
GPN	B	0.13%
KEYS	C	0.13%
OTIS	C	0.12%
EW	D	0.12%
ADM	F	0.12%
HBAN	B	0.12%
AMP	A	0.12%
SYF	B	0.12%
VLTO	C	0.12%
AWK	D	0.12%
HAL	C	0.12%
SW	C	0.12%
VTR	C	0.12%
LYB	F	0.11%
AME	A	0.11%
WDC	D	0.11%
WY	F	0.11%
OKE	A	0.11%
AEE	A	0.11%
MPC	D	0.11%
RF	B	0.11%
IQV	F	0.11%
FAST	A	0.11%
PPL	A	0.11%
EQT	B	0.11%
DTE	D	0.11%
EQR	C	0.11%
OMC	B	0.1%
CHTR	B	0.1%
CFG	B	0.1%
YUM	B	0.1%
WBD	B	0.1%
FSLR	F	0.1%
FE	D	0.1%
NTRS	A	0.1%
PKG	B	0.1%
EA	A	0.1%
K	A	0.1%
ES	D	0.1%
ATO	A	0.1%
ZBH	C	0.1%
TDY	A	0.1%
LEN	D	0.09%
RSG	A	0.09%
PFG	C	0.09%
BAX	F	0.09%
HOLX	D	0.09%
DELL	B	0.09%
MTD	F	0.09%
LUV	B	0.09%
INVH	D	0.09%
ORLY	A	0.09%
ESS	C	0.09%
CNP	B	0.09%
MKC	D	0.09%
PH	A	0.09%
NRG	B	0.09%
CMS	C	0.09%
LH	A	0.09%
DFS	B	0.09%
EFX	D	0.09%
IP	C	0.09%
MCHP	F	0.08%
ROK	B	0.08%
AVY	F	0.08%
AZO	C	0.08%
KIM	A	0.08%
TSN	C	0.08%
IRM	D	0.08%
MRNA	F	0.08%
DAL	A	0.08%
GPC	D	0.08%
DG	F	0.08%
ON	F	0.08%
IEX	B	0.08%
DGX	A	0.08%
TRMB	B	0.08%
BBY	D	0.08%
ARE	F	0.08%
KEY	B	0.08%
CSGP	D	0.08%
WRB	B	0.08%
VRSK	A	0.08%
TSCO	C	0.08%
MAA	C	0.08%
J	B	0.08%
BALL	D	0.08%
TER	F	0.08%
FFIV	A	0.07%
EVRG	A	0.07%
SWK	F	0.07%
NDSN	B	0.07%
SBAC	D	0.07%
WAT	A	0.07%
LNT	C	0.07%
SWKS	F	0.07%
TTWO	A	0.07%
PWR	B	0.07%
APTV	D	0.07%
AMCR	D	0.07%
NXPI	F	0.07%
JBHT	B	0.07%
RVTY	C	0.07%
EL	F	0.07%
MNST	B	0.07%
NI	A	0.07%
CDW	F	0.07%
EG	D	0.07%
VTRS	B	0.07%
HSY	D	0.07%
NTAP	D	0.07%
DOC	C	0.07%
TPR	B	0.06%
KMX	C	0.06%
BXP	D	0.06%
TECH	B	0.06%
EMN	D	0.06%
REG	A	0.06%
BG	D	0.06%
SJM	F	0.06%
CPT	C	0.06%
CHRW	A	0.06%
MLM	B	0.06%
DLTR	F	0.06%
JNPR	D	0.06%
STX	D	0.06%
UDR	C	0.06%
JKHY	C	0.06%
GWW	B	0.06%
ANSS	B	0.06%
HUBB	B	0.06%
CAG	F	0.06%
CHD	B	0.06%
VMC	B	0.06%
IR	A	0.05%
AES	F	0.05%
TAP	B	0.05%
FOXA	A	0.05%
LKQ	D	0.05%
PNW	B	0.05%
SNA	A	0.05%
MKTX	C	0.05%
EXPD	D	0.05%
AIZ	A	0.05%
PODD	B	0.05%
CTLT	D	0.05%
DXCM	C	0.05%
CRL	C	0.05%
NWSA	B	0.05%
BR	A	0.05%
IPG	F	0.05%
ALB	B	0.05%
CBOE	D	0.04%
MRO	B	0.04%
FMC	F	0.04%
MHK	D	0.04%
HII	D	0.04%
ROL	B	0.04%
BWA	B	0.04%
EPAM	B	0.04%
MTCH	F	0.04%
MAS	D	0.04%
VRSN	C	0.04%
MOH	F	0.04%
IVZ	C	0.04%
AKAM	F	0.04%
HAS	D	0.04%
FRT	C	0.04%
HRL	F	0.04%
HSIC	F	0.04%
CPB	F	0.04%
MOS	D	0.04%
PTC	B	0.04%
TFX	F	0.04%
STE	F	0.04%
DPZ	C	0.04%
FDS	A	0.04%
DRI	B	0.04%
FOX	A	0.03%
BRO	A	0.03%
DAY	C	0.03%
POOL	D	0.03%
ENPH	F	0.03%
CTRA	B	0.03%
PAYC	B	0.03%
ULTA	C	0.03%
BEN	C	0.03%
WBA	D	0.03%
PARA	C	0.03%
ALGN	F	0.03%
CF	B	0.03%
LVS	C	0.03%
JBL	C	0.03%
AOS	F	0.02%
NWS	B	0.02%
CZR	F	0.02%
LW	C	0.02%
RL	B	0.02%
GNRC	B	0.02%
ERIE	F	0.02%
HST	C	0.02%
PNR	A	0.02%
DVA	C	0.01%

SPYV Underweight 60 Positions Relative to FHEQ

Symbol	Grade	Weight
AAPL	C	-7.29%
NVDA	B	-7.2%
MSFT	C	-5.66%
AMZN	A	-3.42%
META	B	-3.01%
GOOGL	B	-2.02%
GOOG	B	-1.96%
AVGO	C	-1.72%
NFLX	A	-1.17%
CRM	B	-1.11%
ADBE	C	-0.92%
LLY	F	-0.87%
TSLA	B	-0.87%
AMAT	F	-0.76%
KLAC	F	-0.6%
ANET	C	-0.59%
CMG	B	-0.56%
SEIC	A	-0.54%
DBX	B	-0.54%
ZM	B	-0.54%
SQ	B	-0.53%
EXEL	B	-0.49%
IGT	D	-0.49%
CVNA	B	-0.49%
TDC	D	-0.4%
CACI	C	-0.37%
NOW	A	-0.32%
ANF	D	-0.32%
MEDP	C	-0.32%
UBER	F	-0.27%
SKYW	B	-0.26%
NBIX	C	-0.22%
HLT	A	-0.18%
DOCU	B	-0.18%
ALRM	C	-0.18%
GAP	B	-0.17%
LNW	F	-0.17%
PEGA	A	-0.16%
FTI	B	-0.16%
TPH	D	-0.15%
WDAY	B	-0.15%
LRCX	F	-0.13%
FTNT	B	-0.12%
VEEV	B	-0.12%
UTHR	B	-0.11%
DASH	A	-0.11%
PLTK	B	-0.1%
ROST	F	-0.1%
VST	B	-0.09%
BBWI	C	-0.07%
CRUS	F	-0.06%
SCCO	F	-0.05%
LYFT	B	-0.05%
ORCL	A	-0.04%
OGE	B	-0.04%
TWLO	A	-0.02%
MHO	D	-0.02%
UNM	A	-0.01%
BCC	B	-0.01%
NWL	B	-0.01%