VUSE vs. FFLC ETF Comparison

Comparison of Vident Core US Equity ETF (VUSE) to Fidelity Fundamental Large Cap Core ETF (FFLC)

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$56.94

Average Daily Volume

15,727

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.22

Average Daily Volume

97,229

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	VUSE	FFLC
30 Days	2.17%	1.25%
60 Days	7.73%	7.95%
90 Days	4.64%	3.09%
12 Months	25.32%	42.74%

31 Overlapping Holdings

Symbol	Grade	Weight in VUSE	Weight in FFLC	Overlap
AAPL	C	1.95%	4.51%	1.95%
ABNB	D	0.15%	0.5%	0.15%
ADBE	F	0.92%	1.41%	0.92%
AMZN	C	2.7%	3.26%	2.7%
BAC	D	1.76%	0.9%	0.9%
BKNG	C	1.32%	0.61%	0.61%
BSX	A	0.4%	1.23%	0.4%
CAT	A	0.73%	0.75%	0.73%
CMCSA	B	0.13%	1.16%	0.13%
CMG	C	1.3%	0.42%	0.42%
GOOGL	B	0.93%	2.4%	0.93%
JPM	D	1.89%	0.98%	0.98%
KO	C	1.9%	0.73%	0.73%
LLY	D	1.08%	1.93%	1.08%
META	A	1.04%	2.57%	1.04%
MRK	F	1.87%	0.26%	0.26%
MSFT	D	1.97%	7.7%	1.97%
NFLX	A	1.25%	1.06%	1.06%
NKE	D	0.59%	0.92%	0.59%
NVDA	C	1.6%	3.39%	1.6%
ON	F	0.41%	0.69%	0.41%
ORCL	B	2.24%	0.79%	0.79%
SNPS	F	1.18%	0.44%	0.44%
SYK	C	0.72%	0.67%	0.67%
TJX	C	0.95%	1.2%	0.95%
UBER	C	1.26%	1.04%	1.04%
V	C	2.11%	1.63%	1.63%
VST	A	0.39%	0.65%	0.39%
WDAY	D	0.65%	0.44%	0.44%
WMT	A	2.07%	0.49%	0.49%
XOM	A	1.93%	1.49%	1.49%

VUSE Overweight 95 Positions Relative to FFLC

Symbol	Grade	Weight
MA	A	2.08%
HD	A	2.05%
JNJ	D	1.94%
CVX	B	1.94%
AVGO	C	1.89%
PG	C	1.28%
MSI	A	1.27%
ECL	B	1.26%
ABBV	A	1.23%
AMAT	B	1.21%
T	A	1.07%
MAR	B	1.01%
MCD	A	1.01%
SHW	B	1.0%
ADP	A	1.0%
SBUX	B	0.98%
MO	D	0.95%
KLAC	B	0.89%
COST	C	0.82%
ZTS	C	0.73%
FTNT	A	0.71%
ITW	A	0.71%
TMUS	A	0.7%
EME	C	0.7%
POWL	A	0.69%
ERIE	A	0.67%
JXN	A	0.65%
AYI	A	0.65%
AMP	A	0.64%
PIPR	B	0.64%
NOW	C	0.63%
IDCC	A	0.63%
FICO	A	0.62%
CVLT	C	0.62%
NYT	A	0.61%
TDG	A	0.61%
EQH	C	0.61%
CORT	B	0.6%
CTAS	B	0.58%
AMR	F	0.58%
NRG	A	0.57%
UTHR	C	0.56%
DBRG	D	0.56%
IESC	B	0.55%
BOX	C	0.55%
EPAC	C	0.55%
LSCC	D	0.54%
RDDT	B	0.54%
RMD	C	0.53%
GWW	A	0.52%
IT	C	0.52%
TREX	D	0.51%
FAST	B	0.51%
EXEL	B	0.5%
PAYX	A	0.5%
SHO	D	0.5%
MTG	B	0.5%
JLL	B	0.49%
DFIN	C	0.49%
PLMR	C	0.49%
ODFL	D	0.48%
MTD	B	0.48%
YELP	D	0.48%
PLAB	D	0.48%
MSCI	B	0.47%
CRUS	D	0.47%
EA	D	0.46%
JKHY	A	0.44%
QLYS	F	0.43%
A	B	0.42%
ANET	A	0.42%
CASH	D	0.42%
EOG	B	0.42%
PLTR	A	0.39%
ACLS	F	0.39%
MANH	C	0.38%
CSL	A	0.37%
RMBS	F	0.36%
OTTR	F	0.36%
NSSC	F	0.31%
CRWD	D	0.28%
BMI	A	0.25%
PANW	D	0.24%
DOCU	B	0.23%
TRIP	F	0.23%
HCC	B	0.23%
AOS	B	0.23%
DBX	B	0.23%
MEDP	F	0.22%
VRSK	D	0.22%
PINS	D	0.22%
APPF	C	0.17%
PSTG	F	0.14%
SPG	A	0.13%
SEIC	B	0.1%

VUSE Underweight 102 Positions Relative to FFLC

Symbol	Grade	Weight
UNH	B	-1.72%
BA	F	-1.31%
AMD	D	-1.27%
WFC	D	-1.08%
ETN	C	-1.05%
TMO	C	-1.03%
PH	A	-1.02%
CRM	B	-0.98%
CB	A	-0.97%
INTU	F	-0.92%
PWR	B	-0.92%
GE	C	-0.9%
KVUE	C	-0.88%
DHR	C	-0.82%
SO	A	-0.82%
LIN	B	-0.81%
REGN	D	-0.76%
FCX	B	-0.75%
IR	A	-0.73%
APTV	D	-0.71%
BKR	B	-0.7%
SHOP	C	-0.69%
LMT	A	-0.68%
NXPI	F	-0.68%
HWM	A	-0.67%
JBL	D	-0.67%
GNRC	B	-0.66%
CEG	B	-0.66%
KDP	C	-0.63%
MS	B	-0.6%
NOC	B	-0.6%
SLB	D	-0.6%
BJ	D	-0.58%
TSM	C	-0.58%
DIS	D	-0.57%
PFGC	A	-0.57%
ADI	C	-0.55%
MMC	D	-0.53%
CI	D	-0.52%
FLEX	C	-0.52%
LNG	A	-0.51%
CNC	F	-0.51%
RL	B	-0.51%
CE	D	-0.49%
HLT	A	-0.49%
MLM	D	-0.48%
CLX	B	-0.47%
AZN	D	-0.47%
VRT	B	-0.46%
NVR	A	-0.45%
BWXT	A	-0.45%
CSCO	A	-0.44%
DT	C	-0.43%
KBR	C	-0.42%
ESI	B	-0.42%
ARES	A	-0.41%
FCN	C	-0.41%
SPOT	B	-0.4%
ITT	B	-0.39%
LEN	B	-0.39%
CBRE	A	-0.39%
BLDR	B	-0.39%
FOUR	B	-0.39%
AVY	C	-0.38%
EDR	A	-0.37%
URI	C	-0.37%
GS	C	-0.33%
WSC	D	-0.32%
HLI	C	-0.32%
TRNO	D	-0.32%
HES	D	-0.32%
FTI	B	-0.29%
GILD	A	-0.29%
HOLX	D	-0.28%
EL	D	-0.27%
MDB	F	-0.27%
CHDN	D	-0.27%
SAM	D	-0.27%
GLPI	A	-0.26%
TT	A	-0.26%
ASML	F	-0.25%
NVO	F	-0.25%
FSLR	C	-0.25%
AR	B	-0.24%
ACGL	A	-0.24%
FND	C	-0.24%
TER	C	-0.22%
WST	D	-0.22%
DKS	D	-0.21%
STZ	B	-0.2%
WNS	F	-0.19%
ESS	C	-0.18%
FAF	B	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	A	-0.16%
MU	D	-0.14%
MASI	B	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	B	-0.06%
MRVL	C	-0.04%