VCR vs. FHEQ ETF Comparison

Comparison of Vanguard Consumer Discretion ETF - DNQ (VCR) to Fidelity Hedged Equity ETF (FHEQ)

VCR

Vanguard Consumer Discretion ETF - DNQ

VCR Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Discretionary 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the consumer discretionary sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$375.71

Average Daily Volume

46,515

Number of Holdings ^*

286

* 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

$27.98

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	VCR	FHEQ
30 Days	12.17%	2.51%
60 Days	8.86%	3.80%
90 Days	14.54%	4.54%
12 Months	31.11%

20 Overlapping Holdings

Symbol	Grade	Weight in VCR	Weight in FHEQ	Overlap
AMZN	C	22.19%	3.64%	3.64%
ANF	C	0.15%	0.33%	0.15%
BBWI	D	0.12%	0.11%	0.11%
BLD	D	0.22%	0.05%	0.05%
CMG	B	1.36%	0.49%	0.49%
CVNA	B	0.51%	0.52%	0.51%
DASH	A	0.81%	0.12%	0.12%
F	C	0.72%	0.15%	0.15%
GAP	C	0.11%	0.18%	0.11%
GRMN	B	0.57%	0.31%	0.31%
HD	A	6.82%	1.32%	1.32%
HLT	A	1.06%	0.18%	0.18%
LNW	D	0.17%	0.17%	0.17%
MGM	D	0.19%	0.22%	0.19%
MHO	D	0.11%	0.02%	0.02%
NWL	B	0.09%	0.01%	0.01%
ROST	C	0.84%	0.1%	0.1%
TJX	A	2.25%	0.73%	0.73%
TPH	D	0.1%	0.15%	0.1%
TSLA	B	12.49%	1.26%	1.26%

VCR Overweight 266 Positions Relative to FHEQ

Symbol	Grade	Weight
MCD	D	3.69%
BKNG	A	2.8%
LOW	D	2.63%
SBUX	A	1.96%
NKE	D	1.66%
MELI	D	1.64%
ORLY	B	1.22%
MAR	B	1.14%
ABNB	C	1.06%
GM	B	1.05%
AZO	C	0.93%
RCL	A	0.91%
DHI	D	0.9%
LEN	D	0.75%
YUM	B	0.67%
LULU	C	0.62%
NVR	D	0.54%
EBAY	D	0.54%
TSCO	D	0.53%
PHM	D	0.51%
DECK	A	0.46%
CCL	B	0.42%
EXPE	B	0.39%
LVS	C	0.37%
DRI	B	0.36%
ULTA	F	0.34%
BBY	D	0.34%
WSM	B	0.32%
BURL	A	0.31%
APTV	D	0.3%
GPC	D	0.3%
TOL	B	0.3%
DKNG	B	0.29%
POOL	C	0.27%
DPZ	C	0.27%
TXRH	C	0.25%
SCI	B	0.24%
KMX	B	0.23%
DKS	C	0.23%
NCLH	B	0.23%
TPR	B	0.22%
FND	C	0.21%
WYNN	D	0.2%
ARMK	B	0.2%
MUSA	A	0.2%
DUOL	A	0.2%
CHDN	B	0.19%
LKQ	D	0.19%
LAD	A	0.19%
HRB	D	0.18%
HAS	D	0.18%
CZR	F	0.18%
VFC	C	0.17%
RL	B	0.17%
WING	D	0.17%
TPX	B	0.17%
SKX	D	0.17%
RIVN	F	0.16%
MAT	D	0.16%
MHK	D	0.16%
BFAM	D	0.16%
TMHC	B	0.16%
WH	B	0.16%
BWA	D	0.16%
GNTX	C	0.15%
ALV	C	0.15%
PLNT	A	0.15%
KBH	D	0.14%
MOD	A	0.14%
GME	C	0.14%
H	B	0.14%
MTH	D	0.14%
ETSY	D	0.13%
EAT	A	0.13%
WHR	B	0.13%
MTN	C	0.13%
OLLI	D	0.13%
CROX	D	0.13%
LEA	D	0.12%
SKY	A	0.12%
GPI	A	0.12%
IBP	D	0.12%
THO	B	0.12%
BC	C	0.12%
BYD	C	0.12%
PVH	C	0.12%
PTON	B	0.12%
BROS	B	0.11%
FTDR	A	0.11%
KTB	B	0.11%
CHWY	B	0.11%
FIVE	F	0.11%
CHH	A	0.11%
VVV	F	0.11%
RH	B	0.11%
SHAK	C	0.11%
BOOT	D	0.1%
SIG	B	0.1%
HOG	D	0.1%
LOPE	B	0.1%
AN	C	0.1%
ABG	B	0.1%
SGBX	F	0.1%
LRN	A	0.1%
SHOO	D	0.09%
CVCO	A	0.09%
W	F	0.09%
AEO	F	0.09%
DORM	B	0.09%
WEN	D	0.09%
TNL	A	0.09%
PII	D	0.09%
ASO	F	0.09%
ATGE	B	0.09%
M	D	0.09%
LCID	F	0.08%
COLM	B	0.08%
LCII	C	0.08%
VSTO	A	0.08%
YETI	C	0.08%
PATK	D	0.08%
VSCO	B	0.08%
PAG	B	0.08%
GHC	C	0.08%
PENN	C	0.08%
HBI	B	0.08%
UAA	C	0.07%
ADTN	A	0.07%
VC	D	0.07%
LGIH	D	0.07%
VAC	B	0.07%
JWN	C	0.07%
LAUR	A	0.07%
PHIN	A	0.07%
HGV	B	0.07%
GRBK	D	0.07%
CCS	D	0.07%
RRR	D	0.07%
CAKE	C	0.07%
KSS	F	0.06%
CPRI	F	0.06%
LEG	F	0.06%
QS	F	0.06%
CRI	D	0.06%
GT	C	0.06%
WWW	B	0.06%
EVRI	A	0.06%
SBH	C	0.06%
LZB	B	0.06%
LTH	C	0.06%
PZZA	D	0.06%
OSW	A	0.06%
FL	F	0.06%
GOLF	B	0.06%
URBN	C	0.06%
VZIO	A	0.05%
CBRL	C	0.05%
UTI	A	0.05%
FIGS	F	0.05%
BZH	B	0.05%
XPEL	C	0.05%
THRM	D	0.05%
DDS	B	0.05%
FOXF	F	0.05%
WINA	B	0.05%
SONO	C	0.05%
PTLO	F	0.05%
UPBD	B	0.05%
LEVI	F	0.05%
RVLV	B	0.05%
SABR	C	0.05%
ADNT	F	0.05%
AAP	C	0.05%
MCRI	A	0.05%
GIII	D	0.05%
CWH	B	0.05%
MBUU	C	0.05%
WRBY	B	0.05%
UA	C	0.05%
PRDO	B	0.05%
STRA	C	0.05%
BKE	B	0.05%
WGO	C	0.05%
FWRG	C	0.04%
CSV	B	0.04%
RGR	F	0.04%
ETD	C	0.04%
KRUS	B	0.04%
ACEL	C	0.04%
OXM	D	0.04%
SCVL	F	0.04%
GDEN	B	0.04%
COUR	F	0.04%
WOR	F	0.04%
HZO	D	0.04%
SMP	B	0.04%
CAL	D	0.04%
ODP	F	0.04%
PLYA	B	0.04%
PLAY	D	0.04%
MCW	B	0.04%
DFH	D	0.04%
HELE	C	0.04%
BJRI	B	0.04%
MODG	F	0.04%
SAH	A	0.04%
JACK	D	0.04%
BLMN	F	0.04%
MNRO	D	0.04%
DNUT	D	0.04%
HOV	D	0.04%
RICK	C	0.03%
LOVE	B	0.03%
GES	F	0.03%
WOOF	D	0.03%
DIN	C	0.03%
BALY	C	0.03%
ARKO	C	0.03%
AXL	C	0.03%
EYE	C	0.03%
DAN	D	0.03%
SWBI	C	0.03%
GTX	D	0.03%
UDMY	F	0.03%
DBI	F	0.02%
EWCZ	F	0.02%
FLWS	F	0.02%
ONEW	D	0.02%
IRBT	F	0.02%
SFIX	B	0.02%
GRPN	F	0.02%
TH	C	0.02%
SWIM	C	0.02%
GCO	B	0.02%
LEGH	D	0.02%
SNBR	F	0.02%
BOWL	C	0.02%
XPOF	C	0.02%
CRMT	C	0.02%
CRCT	F	0.02%
MOV	C	0.02%
HVT	D	0.02%
FNKO	D	0.02%
ARHS	F	0.02%
DENN	D	0.02%
ZUMZ	C	0.02%
LESL	C	0.02%
LIND	C	0.02%
WW	F	0.01%
PETS	C	0.01%
POWW	F	0.01%
JOUT	D	0.01%
CLAR	D	0.01%
BH	B	0.01%
SLDP	F	0.01%
CHGG	D	0.01%
GPRO	F	0.01%
COOK	D	0.01%
SRI	F	0.01%
QRTEA	F	0.01%
LE	D	0.01%
LAZR	F	0.01%
AMRK	F	0.0%
TDUP	C	0.0%
GOEV	F	0.0%
PLCE	C	0.0%

VCR Underweight 148 Positions Relative to FHEQ

Symbol	Grade	Weight
AAPL	C	-7.31%
NVDA	C	-7.27%
MSFT	F	-5.64%
META	D	-2.87%
BRK.A	B	-2.19%
GOOGL	C	-2.02%
JPM	A	-1.82%
GOOG	C	-1.74%
XOM	B	-1.54%
AVGO	D	-1.49%
MA	C	-1.34%
NFLX	A	-1.26%
BAC	A	-1.17%
CRM	B	-1.09%
ABBV	D	-1.0%
ADBE	C	-0.93%
PM	B	-0.92%
PG	A	-0.87%
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%
CTAS	B	-0.66%
CI	F	-0.63%
PGR	A	-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%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
ZBRA	B	-0.47%
V	A	-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%
EXEL	B	-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%
LDOS	C	-0.32%
NUE	C	-0.32%
MEDP	D	-0.31%
CACI	D	-0.3%
TMUS	B	-0.29%
SKYW	B	-0.29%
SPGI	C	-0.28%
HWM	A	-0.27%
INCY	C	-0.27%
MSI	B	-0.26%
TMO	F	-0.26%
IDXX	F	-0.26%
NSC	B	-0.26%
FTNT	C	-0.24%
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%
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%
DOCU	A	-0.18%
VZ	C	-0.18%
GEHC	F	-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%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	D	-0.14%
GEN	B	-0.13%
VEEV	C	-0.12%
CINF	A	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
QRVO	F	-0.11%
VST	B	-0.11%
KR	B	-0.11%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
ANET	C	-0.08%
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%
UTHR	C	-0.05%
ORCL	B	-0.04%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
CVX	A	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
OGE	B	-0.01%