TEQI vs. FMAT ETF Comparison

Comparison of T. Rowe Price Equity Income ETF (TEQI) to Fidelity MSCI Materials Index ETF (FMAT)

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$41.83

Average Daily Volume

18,921

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.45

Average Daily Volume

32,994

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	TEQI	FMAT
30 Days	1.75%	4.77%
60 Days	8.57%	9.03%
90 Days	7.42%	9.20%
12 Months	29.99%	25.40%

3 Overlapping Holdings

Symbol	Grade	Weight in TEQI	Weight in FMAT	Overlap
CF	A	1.59%	1.06%	1.06%
IFF	D	0.04%	1.82%	0.04%
IP	C	1.38%	1.1%	1.1%

TEQI Overweight 110 Positions Relative to FMAT

Symbol	Grade	Weight
ELV	F	2.7%
QCOM	D	2.45%
WFC	B	2.41%
TTE	B	2.33%
SO	A	2.24%
NWSA	D	2.21%
AIG	C	2.0%
CB	A	2.0%
GE	B	1.9%
MET	A	1.88%
LHX	A	1.82%
BDX	C	1.74%
MSFT	D	1.71%
SCHW	D	1.7%
KMB	D	1.69%
XOM	A	1.69%
PM	D	1.64%
UNH	B	1.55%
ZBH	F	1.55%
AMAT	C	1.52%
EQR	C	1.5%
EQH	B	1.47%
JPM	C	1.44%
WY	C	1.36%
HIG	A	1.3%
SWK	C	1.26%
C	B	1.24%
KVUE	C	1.21%
BA	F	1.19%
WMT	A	1.19%
DIS	D	1.14%
CI	D	1.13%
JNJ	D	1.13%
HBAN	B	1.11%
D	A	1.09%
FI	A	1.06%
UPS	D	1.05%
NXPI	F	1.04%
L	C	1.02%
LVS	B	0.98%
TXN	C	0.97%
TEL	D	0.96%
CAG	D	0.95%
NEE	C	0.93%
CVS	D	0.93%
FITB	C	0.93%
USB	C	0.92%
MDT	C	0.91%
AZN	D	0.9%
LUV	B	0.87%
AEE	A	0.86%
TSN	D	0.84%
CL	D	0.79%
SRE	C	0.75%
ACN	B	0.72%
EQT	C	0.71%
RYN	C	0.71%
SNY	C	0.69%
VTRS	D	0.69%
GEV	A	0.64%
EOG	B	0.63%
CMCSA	B	0.6%
CMI	A	0.57%
NSC	C	0.56%
PFE	D	0.54%
WMB	A	0.53%
GM	D	0.52%
REXR	D	0.51%
ABBV	C	0.5%
HON	C	0.49%
BKR	B	0.49%
BAC	B	0.48%
BMY	A	0.47%
MAT	B	0.44%
INTC	D	0.44%
UNP	F	0.43%
KSS	D	0.39%
DG	F	0.38%
VZ	C	0.37%
COP	D	0.37%
MS	A	0.35%
BIIB	F	0.34%
TJX	D	0.34%
GS	B	0.33%
SRCL	B	0.33%
GEHC	C	0.3%
HES	D	0.3%
APO	A	0.28%
CSCO	A	0.27%
MMM	C	0.27%
MRO	B	0.26%
MRK	F	0.25%
HUM	F	0.21%
NWS	D	0.2%
CVX	B	0.19%
CNC	F	0.19%
NI	A	0.18%
BK	A	0.18%
CSX	D	0.16%
CAH	B	0.15%
PCG	C	0.15%
CRM	B	0.14%
T	B	0.13%
MDLZ	D	0.1%
AMD	C	0.08%
VNO	B	0.06%
STZ	D	0.04%
BBY	C	0.04%
FLS	A	0.02%
SOLV	C	0.02%

TEQI Underweight 107 Positions Relative to FMAT

Symbol	Grade	Weight
LIN	C	-15.63%
SHW	C	-6.25%
FCX	B	-5.0%
APD	C	-4.53%
ECL	C	-4.44%
NEM	C	-4.21%
CTVA	A	-2.77%
DOW	B	-2.63%
DD	C	-2.54%
NUE	D	-2.44%
MLM	F	-2.25%
VMC	D	-2.24%
PPG	D	-2.14%
SW	C	-1.76%
LYB	B	-1.7%
BALL	C	-1.42%
PKG	B	-1.31%
STLD	C	-1.27%
AVY	D	-1.21%
RS	D	-1.13%
AMCR	C	-1.11%
RPM	A	-1.07%
CE	D	-1.03%
EMN	C	-0.9%
CCK	C	-0.78%
ALB	D	-0.77%
ATR	A	-0.72%
EXP	C	-0.66%
AA	B	-0.63%
RGLD	C	-0.63%
GPK	D	-0.61%
MOS	F	-0.59%
AXTA	C	-0.56%
ATI	C	-0.56%
FMC	C	-0.56%
X	F	-0.54%
BERY	C	-0.53%
CRS	B	-0.51%
LPX	C	-0.47%
CMC	D	-0.43%
CBT	B	-0.42%
ESI	C	-0.42%
CLF	D	-0.41%
OLN	D	-0.4%
WLK	C	-0.39%
BCPC	C	-0.38%
SON	D	-0.36%
SEE	C	-0.35%
SUM	F	-0.32%
KNF	B	-0.32%
AVNT	C	-0.31%
FUL	F	-0.3%
SLGN	B	-0.3%
ASH	F	-0.28%
NEU	F	-0.27%
HUN	B	-0.27%
HL	C	-0.27%
SMG	C	-0.25%
HCC	C	-0.23%
CC	D	-0.21%
SLVM	C	-0.2%
IOSP	F	-0.19%
CDE	C	-0.19%
SXT	C	-0.19%
AMR	F	-0.18%
MTX	C	-0.17%
KWR	F	-0.17%
HWKN	B	-0.17%
MTRN	F	-0.16%
ARCH	D	-0.16%
MP	C	-0.15%
OI	D	-0.14%
ASPN	C	-0.13%
TROX	D	-0.12%
SCL	D	-0.12%
PRM	C	-0.12%
NGVT	D	-0.1%
GEF	B	-0.1%
KALU	D	-0.08%
TRS	D	-0.07%
OEC	F	-0.07%
WS	D	-0.07%
PCT	C	-0.07%
USLM	C	-0.07%
ASIX	A	-0.06%
CENX	C	-0.06%
MATV	F	-0.06%
GATO	B	-0.05%
SXC	F	-0.05%
HAYN	B	-0.05%
ECVT	F	-0.05%
KOP	F	-0.05%
PTVE	D	-0.04%
MTUS	F	-0.04%
RYI	D	-0.04%
IE	D	-0.04%
ZEUS	F	-0.03%
LXU	C	-0.03%
CMP	D	-0.03%
MYE	F	-0.03%
CLW	F	-0.03%
RDUS	D	-0.03%
MERC	D	-0.02%
KRO	C	-0.02%
PACK	F	-0.02%
GEF	B	-0.02%
METC	D	-0.02%