VFMV vs. FDLO ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to Fidelity Low Volatility Factor ETF (FDLO)

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$124.11

Average Daily Volume

7,110

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.83

Average Daily Volume

75,235

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	FDLO
30 Days	1.16%	-0.05%
60 Days	2.87%	2.36%
90 Days	6.24%	5.12%
12 Months	25.97%	22.90%

65 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in FDLO	Overlap
AAPL	C	0.54%	7.22%	0.54%
ABBV	F	0.74%	1.18%	0.74%
ABT	C	1.49%	0.88%	0.88%
ACN	B	0.2%	1.6%	0.2%
AEE	B	0.19%	0.24%	0.19%
AJG	A	0.35%	0.59%	0.35%
AKAM	F	0.04%	1.21%	0.04%
AMGN	F	0.14%	0.79%	0.14%
ATR	A	0.25%	0.17%	0.17%
AZO	B	0.34%	0.47%	0.34%
BRK.A	B	0.31%	2.04%	0.31%
CB	C	0.07%	0.68%	0.07%
CBOE	D	1.04%	0.54%	0.54%
CL	F	1.05%	0.34%	0.34%
CME	B	1.14%	0.67%	0.67%
CMS	D	0.03%	0.23%	0.03%
CSCO	A	1.25%	1.75%	1.25%
CVX	A	0.9%	0.66%	0.66%
DOX	C	1.5%	1.17%	1.17%
DTM	A	0.35%	0.22%	0.22%
DUK	D	1.42%	0.35%	0.35%
EA	A	1.16%	0.7%	0.7%
ED	D	1.44%	0.25%	0.25%
FCN	F	0.98%	0.36%	0.36%
GD	C	1.14%	0.51%	0.51%
GIS	F	1.0%	0.28%	0.28%
GOOGL	C	0.64%	4.25%	0.64%
HSY	F	0.36%	0.24%	0.24%
IBM	D	1.52%	1.58%	1.52%
JNJ	D	1.49%	1.18%	1.18%
JPM	A	0.05%	1.79%	0.05%
KMI	B	0.2%	0.29%	0.2%
KO	F	1.4%	0.67%	0.67%
LIN	D	0.24%	0.54%	0.24%
LLY	F	0.32%	1.65%	0.32%
LMT	D	1.47%	0.59%	0.59%
MCD	C	0.79%	0.8%	0.79%
MDLZ	F	0.28%	0.38%	0.28%
MRK	F	1.46%	0.91%	0.91%
MSFT	C	1.3%	6.98%	1.3%
MSI	B	0.03%	1.41%	0.03%
NOC	D	1.17%	0.52%	0.52%
ORLY	A	1.11%	0.52%	0.52%
PEP	D	0.04%	0.63%	0.04%
PG	C	1.48%	0.93%	0.93%
PGR	A	1.48%	0.83%	0.83%
REGN	F	1.12%	0.53%	0.53%
ROP	A	1.33%	1.24%	1.24%
RSG	B	1.2%	0.47%	0.47%
SO	D	1.38%	0.36%	0.36%
T	A	1.41%	0.95%	0.95%
TJX	A	1.27%	0.62%	0.62%
TMUS	A	1.43%	0.94%	0.94%
TRV	B	0.38%	0.66%	0.38%
TXN	B	1.48%	1.58%	1.48%
TYL	B	0.74%	1.21%	0.74%
UNH	B	0.75%	1.55%	0.75%
V	A	0.35%	1.43%	0.35%
VRTX	B	0.03%	0.73%	0.03%
VZ	D	1.0%	0.89%	0.89%
WEC	B	0.45%	0.26%	0.26%
WM	A	1.06%	0.54%	0.54%
WMB	B	0.37%	0.32%	0.32%
WMT	A	1.08%	0.93%	0.93%
XOM	B	1.23%	1.17%	1.17%

VFMV Overweight 100 Positions Relative to FDLO

Symbol	Grade	Weight
MCK	B	1.52%
ADI	D	1.5%
EQC	C	1.49%
COR	B	1.48%
CHD	A	1.44%
CVLT	B	1.38%
NTAP	D	1.37%
MUSA	B	1.13%
IDT	B	1.1%
RTX	D	1.06%
IDCC	B	1.06%
KEX	A	1.05%
LRN	B	0.97%
HPQ	B	0.96%
WTW	A	0.93%
MGEE	B	0.89%
HSTM	B	0.84%
GILD	B	0.83%
VECO	F	0.78%
DLB	D	0.78%
FE	D	0.77%
BSX	A	0.75%
TKO	D	0.73%
CHE	D	0.69%
SPOT	A	0.68%
SAFT	B	0.67%
BLKB	C	0.66%
CTRE	C	0.65%
CRUS	F	0.64%
AVGO	C	0.64%
CAH	B	0.64%
NSIT	F	0.56%
WTM	A	0.54%
YELP	C	0.52%
NABL	F	0.51%
GOOG	C	0.48%
META	B	0.47%
GDDY	B	0.46%
MATX	B	0.45%
PBH	A	0.42%
NEU	C	0.4%
FLO	F	0.38%
INSW	F	0.37%
HOLX	D	0.36%
PPC	C	0.34%
LAUR	B	0.34%
NVEC	D	0.33%
THFF	A	0.33%
PFE	F	0.32%
VERX	B	0.3%
FANG	C	0.3%
RLI	A	0.3%
QRVO	F	0.28%
OLLI	C	0.26%
QCOM	F	0.25%
JBSS	F	0.24%
MO	A	0.24%
ROL	C	0.23%
MCS	A	0.22%
EXEL	B	0.21%
AMSF	B	0.21%
LOPE	B	0.2%
MTSI	B	0.2%
DECK	B	0.2%
IMMR	F	0.2%
EBF	C	0.2%
JJSF	C	0.19%
CASS	B	0.19%
QNST	C	0.18%
HQY	B	0.18%
SPOK	B	0.15%
FDP	B	0.15%
OLED	F	0.14%
HCKT	B	0.14%
SPNS	F	0.14%
TW	B	0.13%
PI	D	0.12%
CI	D	0.11%
PSX	C	0.1%
DGICA	A	0.1%
TNK	F	0.09%
DJCO	B	0.09%
AMAT	F	0.08%
KLAC	F	0.07%
CNXN	C	0.07%
UNM	A	0.06%
CTSH	A	0.06%
OSIS	B	0.06%
CNA	C	0.04%
PEBK	B	0.04%
LANC	C	0.04%
CLBK	B	0.04%
GLRE	C	0.04%
NBIX	C	0.03%
BCAL	B	0.03%
EIG	A	0.03%
DTE	D	0.03%
MRAM	D	0.02%
FFNW	D	0.02%
MU	D	0.02%

VFMV Underweight 60 Positions Relative to FDLO

Symbol	Grade	Weight
AMZN	A	-4.0%
ORCL	A	-2.01%
MA	B	-1.31%
HD	B	-1.14%
VRSN	C	-1.09%
CMCSA	B	-0.96%
TMO	F	-0.83%
ETN	B	-0.71%
LOW	B	-0.69%
MMC	D	-0.67%
SBUX	B	-0.67%
ADP	A	-0.66%
HON	B	-0.65%
UNP	D	-0.64%
PM	B	-0.59%
BDX	F	-0.59%
AIZ	A	-0.57%
FDS	A	-0.57%
NKE	F	-0.55%
ITW	B	-0.55%
WRB	B	-0.54%
FAST	B	-0.54%
JKHY	C	-0.52%
GRMN	A	-0.51%
PAYX	B	-0.51%
LHX	B	-0.5%
BAH	C	-0.49%
ERIE	F	-0.47%
OTIS	D	-0.47%
TSCO	D	-0.47%
J	D	-0.4%
COP	C	-0.4%
SHW	A	-0.3%
EQIX	B	-0.3%
HII	F	-0.29%
KMB	D	-0.29%
EOG	A	-0.29%
XEL	A	-0.28%
AMT	F	-0.28%
AEP	D	-0.27%
DLR	C	-0.26%
LNG	B	-0.26%
APD	B	-0.26%
PSA	D	-0.24%
ECL	C	-0.24%
O	D	-0.22%
CTVA	C	-0.21%
MLM	B	-0.2%
VMC	B	-0.2%
CCI	F	-0.2%
CSGP	F	-0.19%
PKG	B	-0.19%
EQR	C	-0.18%
CTRA	B	-0.18%
MAA	C	-0.17%
AMCR	D	-0.15%
ADC	A	-0.15%
AVY	F	-0.15%
AMH	C	-0.15%
ELS	B	-0.15%

VFMV: Top Represented Industries & Keywords

Industries: Insurance - Property & Casualty Semiconductors Drug Manufacturers - Major Internet Content & Information Utilities - Regulated Electric Packaged Foods Software - Application Telecom Services Information Technology Services Aerospace & Defense Banks - Regional - US Biotechnology Business Services Medical Distribution Semiconductor Equipment & Materials Shipping & Ports Education & Training Services Household & Personal Products Media - Diversified Oil & Gas Midstream