VCLT vs. FELC ETF Comparison

Comparison of Vanguard Long-Term Corporate Bond ETF (VCLT) to Fidelity Enhanced Large Cap Core ETF (FELC)

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$76.62

Average Daily Volume

2,353,189

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.86

Average Daily Volume

620,568

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	VCLT	FELC
30 Days	-3.91%	0.49%
60 Days	-6.00%	4.68%
90 Days	-2.70%	5.76%
12 Months	10.03%

90 Overlapping Holdings

Symbol	Grade	Weight in VCLT	Weight in FELC	Overlap
AAPL	C	0.04%	7.02%	0.04%
ABBV	F	0.03%	1.01%	0.03%
ABT	B	0.03%	0.54%	0.03%
AMAT	F	0.03%	0.72%	0.03%
AMGN	D	0.01%	0.34%	0.01%
AMT	D	0.03%	0.2%	0.03%
AMZN	B	0.05%	3.87%	0.05%
AON	A	0.01%	0.38%	0.01%
AVGO	C	0.04%	1.85%	0.04%
AXP	A	0.06%	0.3%	0.06%
BAC	A	0.02%	1.14%	0.02%
BDX	F	0.01%	0.58%	0.01%
BIIB	F	0.05%	0.1%	0.05%
BMY	B	0.03%	0.75%	0.03%
C	A	0.01%	0.02%	0.01%
CAH	B	0.01%	0.31%	0.01%
CAT	B	0.01%	0.57%	0.01%
CI	D	0.02%	0.65%	0.02%
CL	D	0.02%	0.44%	0.02%
CMCSA	B	0.01%	0.85%	0.01%
CME	A	0.03%	0.48%	0.03%
COST	B	0.06%	0.3%	0.06%
CRM	A	0.05%	1.23%	0.05%
CSCO	B	0.07%	0.65%	0.07%
CSX	B	0.01%	0.62%	0.01%
CVS	F	0.01%	0.23%	0.01%
CVX	A	0.02%	0.01%	0.01%
DIS	A	0.01%	0.56%	0.01%
DVN	F	0.03%	0.51%	0.03%
ECL	D	0.02%	0.61%	0.02%
ED	D	0.01%	0.15%	0.01%
EOG	A	0.01%	0.44%	0.01%
ETN	A	0.01%	0.23%	0.01%
GE	D	0.02%	0.39%	0.02%
GILD	B	0.02%	0.78%	0.02%
GOOGL	B	0.04%	2.05%	0.04%
GPN	B	0.04%	0.02%	0.02%
GS	A	0.01%	0.15%	0.01%
HD	A	0.01%	1.23%	0.01%
JNJ	D	0.02%	0.7%	0.02%
JPM	A	0.01%	1.84%	0.01%
KLAC	F	0.02%	0.65%	0.02%
KR	B	0.01%	0.03%	0.01%
LHX	B	0.02%	0.09%	0.02%
LLY	F	0.01%	0.83%	0.01%
LMT	D	0.01%	0.73%	0.01%
LRCX	F	0.02%	0.46%	0.02%
MA	A	0.02%	1.33%	0.02%
MMC	C	0.01%	0.28%	0.01%
MMM	D	0.01%	0.12%	0.01%
MRK	F	0.01%	0.93%	0.01%
MS	A	0.05%	0.29%	0.05%
MSFT	D	0.01%	5.58%	0.01%
MSI	A	0.02%	0.49%	0.02%
NEE	C	0.01%	0.78%	0.01%
NOC	D	0.02%	0.63%	0.02%
NSC	B	0.01%	0.37%	0.01%
NUE	D	0.01%	0.2%	0.01%
NVDA	B	0.03%	7.56%	0.03%
ORCL	A	0.04%	0.04%	0.04%
PEP	F	0.02%	0.05%	0.02%
PFE	F	0.02%	0.43%	0.02%
PG	C	0.01%	0.68%	0.01%
PGR	B	0.01%	0.74%	0.01%
PM	A	0.02%	0.86%	0.02%
PYPL	A	0.03%	0.33%	0.03%
QCOM	F	0.02%	0.81%	0.02%
RSG	B	0.01%	0.07%	0.01%
RTX	D	0.02%	0.7%	0.02%
SCCO	F	0.05%	0.05%	0.05%
SCHW	A	0.02%	0.74%	0.02%
SPG	A	0.01%	0.56%	0.01%
SPGI	C	0.03%	0.54%	0.03%
STLD	B	0.02%	0.24%	0.02%
SYK	A	0.02%	0.02%	0.02%
T	A	0.01%	0.77%	0.01%
TJX	A	0.04%	0.57%	0.04%
TMO	D	0.01%	0.34%	0.01%
TMUS	A	0.03%	0.14%	0.03%
TRV	A	0.01%	0.47%	0.01%
TT	A	0.01%	0.51%	0.01%
UNH	B	0.01%	0.58%	0.01%
UNM	A	0.01%	0.13%	0.01%
UNP	D	0.01%	0.75%	0.01%
V	A	0.02%	0.53%	0.02%
VZ	C	0.01%	0.08%	0.01%
WFC	A	0.01%	0.1%	0.01%
WM	B	0.03%	0.32%	0.03%
WMT	A	0.02%	1.11%	0.02%
XOM	B	0.02%	1.51%	0.02%

VCLT Overweight 249 Positions Relative to FELC

Symbol	Grade	Weight
WIT	B	0.21%
DELL	C	0.11%
EQH	B	0.09%
MDT	D	0.08%
FITB	A	0.07%
WY	D	0.07%
FOXA	A	0.07%
DD	D	0.07%
HPQ	B	0.06%
HCA	D	0.06%
CARR	D	0.06%
CAG	F	0.05%
TAP	A	0.05%
L	A	0.04%
WBA	F	0.04%
LIN	D	0.04%
NXPI	F	0.04%
DT	C	0.04%
BHF	A	0.04%
JNPR	D	0.04%
NEM	F	0.04%
HPE	B	0.04%
BHP	F	0.04%
ORI	A	0.03%
FTV	D	0.03%
FANG	D	0.03%
CFG	A	0.03%
AAL	B	0.03%
STE	D	0.03%
WU	F	0.03%
WEST	D	0.03%
NOV	D	0.03%
MLM	B	0.03%
OHI	C	0.03%
LH	B	0.03%
LEA	F	0.03%
DG	F	0.03%
CPT	D	0.03%
PKG	B	0.03%
RPM	A	0.03%
CF	A	0.03%
RPRX	F	0.03%
APD	A	0.03%
EBAY	D	0.03%
MDLZ	F	0.03%
MAR	A	0.03%
ITW	B	0.03%
CB	C	0.03%
VLO	C	0.03%
RJF	A	0.03%
MUFG	A	0.03%
VTRS	A	0.03%
PSX	C	0.03%
MPLX	A	0.03%
ALLY	C	0.03%
INTC	C	0.03%
CHTR	B	0.03%
WPC	D	0.02%
PWR	A	0.02%
PECO	A	0.02%
REGN	F	0.02%
CHD	A	0.02%
ZBH	C	0.02%
FE	C	0.02%
FMC	F	0.02%
BAX	F	0.02%
CMI	A	0.02%
CINF	A	0.02%
OGS	A	0.02%
O	D	0.02%
IVZ	B	0.02%
HRL	D	0.02%
HOG	D	0.02%
SBRA	C	0.02%
TEL	C	0.02%
AFG	A	0.02%
CPB	D	0.02%
VMI	B	0.02%
XYL	D	0.02%
WTRG	C	0.02%
WHR	A	0.02%
AJG	A	0.02%
AVY	D	0.02%
KSS	F	0.02%
MKC	D	0.02%
NWE	C	0.02%
K	B	0.02%
PAA	A	0.02%
GWW	A	0.02%
EMN	C	0.02%
ADI	D	0.02%
ROK	A	0.02%
PH	A	0.02%
MOS	D	0.02%
NDAQ	A	0.02%
LNC	A	0.02%
FIS	B	0.02%
VRSK	B	0.02%
EG	D	0.02%
ES	C	0.02%
STZ	D	0.02%
OTIS	D	0.02%
MCO	C	0.02%
AFL	C	0.02%
CCI	D	0.02%
CP	D	0.02%
NI	A	0.02%
TXN	C	0.02%
SWK	F	0.02%
DHR	D	0.02%
DE	D	0.02%
TGT	D	0.02%
HES	B	0.02%
DOW	F	0.02%
UPS	C	0.02%
TSN	A	0.02%
MPC	D	0.02%
HAL	C	0.02%
EPD	A	0.02%
ICE	D	0.02%
MET	A	0.02%
IBM	D	0.02%
COP	C	0.02%
AZN	F	0.02%
HSBC	A	0.02%
VOD	D	0.02%
GSK	F	0.02%
HIW	D	0.01%
FRT	B	0.01%
AGO	A	0.01%
AMH	C	0.01%
EXR	C	0.01%
BXP	D	0.01%
BWA	A	0.01%
AVA	C	0.01%
APTV	F	0.01%
DRI	B	0.01%
ALB	C	0.01%
INGR	B	0.01%
IDA	A	0.01%
EMR	A	0.01%
MAA	A	0.01%
LXP	D	0.01%
OPI	F	0.01%
JD	C	0.01%
SIGI	A	0.01%
EA	A	0.01%
DOC	D	0.01%
ADC	A	0.01%
BEN	C	0.01%
CACC	D	0.01%
FNF	C	0.01%
AES	F	0.01%
PHM	D	0.01%
PFG	C	0.01%
PEG	C	0.01%
VTR	C	0.01%
OGE	A	0.01%
ESS	A	0.01%
MAS	D	0.01%
RF	A	0.01%
REG	A	0.01%
EE	A	0.01%
BKH	A	0.01%
SWX	A	0.01%
VOYA	A	0.01%
SNA	A	0.01%
DOV	A	0.01%
KRC	C	0.01%
EQIX	B	0.01%
KIM	A	0.01%
UDR	C	0.01%
UAL	A	0.01%
MKL	A	0.01%
HSY	F	0.01%
IPG	F	0.01%
KOF	F	0.01%
WELL	A	0.01%
WRB	A	0.01%
PNW	A	0.01%
PLD	D	0.01%
SJM	F	0.01%
DTE	C	0.01%
HIG	C	0.01%
JEF	A	0.01%
IFF	D	0.01%
HAS	D	0.01%
EVRG	A	0.01%
AWK	C	0.01%
AVB	A	0.01%
WEC	A	0.01%
EQR	C	0.01%
ATO	A	0.01%
AEP	C	0.01%
AEE	A	0.01%
ZTS	D	0.01%
SRE	A	0.01%
VMC	B	0.01%
NNN	D	0.01%
KDP	D	0.01%
HUM	F	0.01%
EXC	C	0.01%
CNP	A	0.01%
CMS	C	0.01%
LNT	A	0.01%
OC	A	0.01%
ACGL	C	0.01%
XEL	A	0.01%
WLK	F	0.01%
PPL	A	0.01%
GLW	B	0.01%
JCI	A	0.01%
EL	F	0.01%
ALL	A	0.01%
HON	A	0.01%
JBLU	C	0.01%
FDX	A	0.01%
D	C	0.01%
EIX	C	0.01%
KMB	C	0.01%
ETR	A	0.01%
ADM	D	0.01%
ARE	D	0.01%
PRU	A	0.01%
SBUX	A	0.01%
IP	A	0.01%
GIS	D	0.01%
KMI	A	0.01%
GD	D	0.01%
WMB	A	0.01%
SHW	B	0.01%
LYB	F	0.01%
OKE	A	0.01%
DUK	C	0.01%
MRO	A	0.01%
LOW	A	0.01%
GM	A	0.01%
BSX	B	0.01%
AIG	B	0.01%
ET	A	0.01%
SO	C	0.01%
SYY	D	0.01%
NKE	D	0.01%
MO	A	0.01%
MCD	D	0.01%
BABA	D	0.01%
PCG	A	0.01%
KO	D	0.01%
BA	F	0.01%

VCLT Underweight 74 Positions Relative to FELC

Symbol	Grade	Weight
META	C	-2.94%
BRK.A	A	-2.13%
GOOG	B	-1.91%
NFLX	A	-1.23%
TSLA	B	-1.16%
ADBE	F	-0.96%
CTAS	B	-0.69%
MU	D	-0.68%
SQ	A	-0.6%
ZM	B	-0.58%
NOW	B	-0.56%
CVNA	A	-0.55%
DBX	C	-0.53%
EXEL	B	-0.53%
PCAR	B	-0.52%
TXT	D	-0.51%
IGT	F	-0.49%
CACI	C	-0.49%
SSNC	D	-0.48%
ANF	C	-0.43%
CMG	B	-0.39%
TDC	F	-0.36%
ALLE	D	-0.33%
WTW	B	-0.32%
MSCI	A	-0.32%
SEIC	A	-0.29%
LDOS	C	-0.29%
PPG	F	-0.28%
INCY	B	-0.28%
UBER	C	-0.26%
CCL	A	-0.25%
MEDP	D	-0.24%
SKYW	A	-0.23%
GRMN	B	-0.22%
LYFT	B	-0.22%
GL	B	-0.21%
GAP	C	-0.21%
IDXX	F	-0.21%
ADP	B	-0.2%
MGM	D	-0.2%
DASH	B	-0.18%
ALRM	C	-0.17%
WDAY	B	-0.16%
TROW	A	-0.15%
PEGA	B	-0.15%
NBIX	D	-0.14%
BKNG	A	-0.13%
TWLO	A	-0.13%
VST	A	-0.12%
LNW	D	-0.12%
PNC	A	-0.12%
QRVO	F	-0.12%
F	C	-0.11%
BBWI	C	-0.11%
ANET	C	-0.11%
SOLV	C	-0.1%
HWM	A	-0.1%
CRUS	F	-0.1%
NRG	B	-0.1%
BK	A	-0.1%
VEEV	C	-0.09%
FR	D	-0.08%
PSA	C	-0.08%
DHI	D	-0.07%
OXY	F	-0.07%
ZBRA	B	-0.06%
AXTA	A	-0.05%
PLTK	A	-0.04%
ROST	D	-0.04%
GEHC	D	-0.04%
SWKS	F	-0.03%
DOCU	A	-0.03%
LPLA	A	-0.03%
COF	A	-0.02%