SXQG vs. FHEQ ETF Comparison

Comparison of 6 Meridian Quality Growth ETF (SXQG) to Fidelity Hedged Equity ETF (FHEQ)

SXQG

6 Meridian Quality Growth ETF

SXQG Description

The investment seeks capital appreciation. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective primarily by investing in equity securities. It invests mainly in common stocks and may invest in the securities of companies of any capitalization. Currently, the Sub-Adviser expects to invest a significant portion of the fund's assets in the securities of companies in the health care and information technology sectors, although this may change from time to time. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.53

Average Daily Volume

2,491

Number of Holdings ^*

* 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

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	SXQG	FHEQ
30 Days	5.44%	2.51%
60 Days	6.32%	3.80%
90 Days	7.45%	4.54%
12 Months	28.67%

21 Overlapping Holdings

Symbol	Grade	Weight in SXQG	Weight in FHEQ	Overlap
AAPL	C	4.56%	7.31%	4.56%
ADBE	C	3.51%	0.93%	0.93%
ANET	C	3.36%	0.08%	0.08%
CTAS	B	2.62%	0.66%	0.66%
DOCU	A	0.64%	0.18%	0.18%
EXEL	B	0.34%	0.43%	0.34%
FTNT	C	2.2%	0.24%	0.24%
GOOGL	C	5.17%	2.02%	2.02%
IDXX	F	1.21%	0.26%	0.26%
INCY	C	0.45%	0.27%	0.27%
MA	C	4.29%	1.34%	1.34%
MEDP	D	0.31%	0.31%	0.31%
META	D	4.89%	2.87%	2.87%
MSFT	F	4.47%	5.64%	4.47%
NBIX	C	0.44%	0.11%	0.11%
NVDA	C	5.85%	7.27%	5.85%
PG	A	3.82%	0.87%	0.87%
PGR	A	3.71%	0.63%	0.63%
TJX	A	3.68%	0.73%	0.73%
V	A	4.35%	0.47%	0.47%
VEEV	C	1.12%	0.12%	0.12%

SXQG Overweight 57 Positions Relative to FHEQ

Symbol	Grade	Weight
ISRG	A	3.93%
ITW	B	2.79%
APO	B	2.5%
REGN	F	2.4%
ADSK	A	2.35%
GWW	B	1.87%
CPRT	A	1.85%
LNG	B	1.75%
PAYX	C	1.66%
FAST	B	1.66%
ODFL	B	1.51%
DDOG	A	1.49%
SYY	B	1.37%
TPL	A	0.99%
DECK	A	0.96%
PINS	D	0.73%
EXPD	D	0.63%
MANH	D	0.6%
DT	C	0.55%
ROL	B	0.54%
MLI	C	0.36%
AAON	B	0.33%
CHE	D	0.31%
HRB	D	0.31%
CWAN	B	0.3%
APPF	B	0.29%
CVLT	B	0.27%
SPSC	C	0.24%
BMI	B	0.23%
KNTK	B	0.22%
HALO	F	0.22%
CROX	D	0.22%
MGY	A	0.21%
CSWI	A	0.21%
QLYS	C	0.2%
LNTH	D	0.2%
ALKS	B	0.17%
INSP	D	0.17%
LOPE	B	0.17%
FELE	B	0.16%
LRN	A	0.16%
WDFC	B	0.14%
CALM	A	0.14%
LANC	C	0.13%
AGYS	A	0.12%
CRVL	A	0.12%
YETI	C	0.12%
SHOO	D	0.11%
EPAC	B	0.1%
LBRT	D	0.1%
YELP	C	0.09%
CPRX	C	0.09%
PTGX	C	0.08%
CNMD	C	0.08%
GPOR	B	0.07%
NSSC	D	0.05%
PGNY	F	0.04%

SXQG Underweight 147 Positions Relative to FHEQ

Symbol	Grade	Weight
AMZN	C	-3.64%
BRK.A	B	-2.19%
JPM	A	-1.82%
GOOG	C	-1.74%
XOM	B	-1.54%
AVGO	D	-1.49%
HD	A	-1.32%
TSLA	B	-1.26%
NFLX	A	-1.26%
BAC	A	-1.17%
CRM	B	-1.09%
ABBV	D	-1.0%
PM	B	-0.92%
QCOM	F	-0.84%
CMCSA	B	-0.83%
WMT	A	-0.8%
CSCO	B	-0.79%
LLY	F	-0.76%
NEE	D	-0.73%
UNP	C	-0.73%
GILD	C	-0.73%
AMAT	F	-0.7%
MRK	F	-0.69%
TT	A	-0.69%
LMT	D	-0.69%
BMY	B	-0.68%
T	A	-0.67%
CI	F	-0.63%
ECL	D	-0.62%
JNJ	D	-0.61%
SQ	B	-0.59%
BDX	F	-0.59%
CL	D	-0.58%
UNH	C	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
PFE	D	-0.56%
SEIC	B	-0.54%
C	A	-0.54%
PYPL	B	-0.54%
KLAC	D	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
ZBRA	B	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
COST	B	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
EOG	A	-0.43%
CSX	B	-0.43%
AXP	A	-0.43%
PCAR	B	-0.42%
CAH	B	-0.4%
ALRM	C	-0.4%
WM	A	-0.38%
CME	A	-0.37%
BK	A	-0.36%
TDC	D	-0.35%
PPG	F	-0.34%
NOW	A	-0.34%
ANF	C	-0.33%
LDOS	C	-0.32%
NUE	C	-0.32%
GRMN	B	-0.31%
CACI	D	-0.3%
TMUS	B	-0.29%
SKYW	B	-0.29%
SPGI	C	-0.28%
HWM	A	-0.27%
MSI	B	-0.26%
TMO	F	-0.26%
NSC	B	-0.26%
AMT	D	-0.24%
AMGN	D	-0.24%
BLK	C	-0.23%
TROW	B	-0.23%
LRCX	F	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
CVS	D	-0.22%
MMM	D	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
RSG	A	-0.2%
GL	B	-0.2%
CLX	B	-0.2%
PSA	D	-0.19%
GAP	C	-0.18%
HLT	A	-0.18%
VZ	C	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
ADP	B	-0.16%
WDAY	B	-0.16%
SPG	B	-0.16%
MS	A	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	D	-0.14%
GEN	B	-0.13%
DASH	A	-0.12%
CINF	A	-0.12%
SOLV	C	-0.12%
BBWI	D	-0.11%
QRVO	F	-0.11%
VST	B	-0.11%
KR	B	-0.11%
ROST	C	-0.1%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
DOC	D	-0.08%
ALL	A	-0.07%
BCC	B	-0.07%
MDLZ	F	-0.07%
L	A	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
UTHR	C	-0.05%
ORCL	B	-0.04%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%