XLF vs. FQAL ETF Comparison

Comparison of SPDR Select Sector Fund - Financial (XLF) to Fidelity Quality Factor ETF (FQAL)

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$49.64

Average Daily Volume

40,529,084

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

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

Grade (RS Rating)

Last Trade

$66.83

Average Daily Volume

29,902

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	XLF	FQAL
30 Days	5.84%	1.49%
60 Days	11.93%	5.24%
90 Days	13.82%	6.80%
12 Months	45.44%	30.99%

11 Overlapping Holdings

Symbol	Grade	Weight in XLF	Weight in FQAL	Overlap
ACGL	C	0.55%	0.68%	0.55%
AMP	A	0.79%	0.88%	0.79%
BX	A	1.88%	0.99%	0.99%
CME	B	1.18%	0.82%	0.82%
CPAY	A	0.35%	0.77%	0.35%
MA	B	6.32%	1.44%	1.44%
MCO	C	1.08%	0.73%	0.73%
MSCI	B	0.67%	0.71%	0.67%
PGR	A	2.21%	0.98%	0.98%
SPGI	C	2.35%	0.89%	0.89%
V	A	7.55%	1.56%	1.56%

XLF Overweight 60 Positions Relative to FQAL

Symbol	Grade	Weight
BRK.A	B	12.46%
JPM	A	9.93%
BAC	A	4.47%
WFC	A	3.51%
GS	B	2.72%
AXP	B	2.38%
MS	A	2.37%
C	B	1.92%
FI	A	1.78%
SCHW	B	1.62%
MMC	D	1.62%
CB	C	1.54%
KKR	B	1.5%
ICE	C	1.32%
PYPL	A	1.23%
AON	B	1.22%
PNC	B	1.19%
USB	B	1.14%
COF	B	1.04%
AJG	A	0.94%
TFC	B	0.91%
BK	B	0.85%
TRV	B	0.85%
AFL	C	0.8%
ALL	B	0.74%
AIG	B	0.73%
FIS	B	0.7%
MET	C	0.7%
DFS	B	0.65%
PRU	B	0.65%
MTB	A	0.51%
HIG	C	0.5%
NDAQ	B	0.48%
WTW	A	0.47%
FITB	A	0.46%
RJF	A	0.43%
STT	B	0.42%
GPN	B	0.42%
BRO	B	0.39%
TROW	A	0.39%
SYF	B	0.38%
HBAN	A	0.37%
CINF	A	0.34%
RF	A	0.34%
CBOE	D	0.31%
NTRS	A	0.31%
CFG	B	0.3%
FDS	A	0.27%
PFG	C	0.27%
KEY	B	0.26%
WRB	B	0.26%
EG	D	0.23%
L	A	0.22%
JKHY	C	0.19%
ERIE	F	0.16%
AIZ	A	0.16%
MKTX	C	0.15%
GL	B	0.14%
IVZ	B	0.12%
BEN	C	0.1%

XLF Underweight 113 Positions Relative to FQAL

Symbol	Grade	Weight
NVDA	A	-7.41%
AAPL	C	-6.53%
MSFT	C	-6.31%
GOOGL	C	-3.77%
META	B	-2.62%
AVGO	C	-2.17%
LLY	F	-1.8%
HD	B	-1.43%
ABBV	F	-1.35%
JNJ	D	-1.34%
BKNG	A	-1.16%
XOM	B	-1.15%
GILD	B	-1.09%
MCD	C	-1.09%
ACN	B	-1.05%
LOW	B	-0.99%
COST	B	-0.99%
BMY	B	-0.97%
QCOM	F	-0.96%
ADBE	C	-0.94%
PANW	B	-0.94%
PG	C	-0.92%
VRTX	B	-0.91%
NFLX	A	-0.91%
FICO	B	-0.9%
AMAT	F	-0.87%
VEEV	B	-0.86%
GRMN	A	-0.85%
ORLY	A	-0.82%
ABNB	C	-0.82%
CAT	B	-0.8%
ZTS	D	-0.79%
JXN	C	-0.79%
CFR	B	-0.75%
EWBC	B	-0.75%
AZO	B	-0.74%
LRCX	F	-0.74%
YUM	B	-0.73%
DPZ	C	-0.7%
KLAC	F	-0.69%
IDXX	F	-0.68%
MTD	F	-0.68%
CBSH	A	-0.66%
QLYS	B	-0.66%
KO	F	-0.66%
CVX	A	-0.65%
MEDP	D	-0.64%
ADP	A	-0.64%
WSM	F	-0.63%
UNP	D	-0.62%
KNSL	C	-0.61%
PM	B	-0.59%
LMT	D	-0.57%
VZ	D	-0.54%
GWW	B	-0.54%
CTAS	B	-0.54%
T	A	-0.54%
ITW	B	-0.53%
LIN	D	-0.53%
FAST	B	-0.52%
AME	A	-0.5%
TDG	D	-0.5%
MMM	C	-0.5%
CSX	B	-0.49%
PAYX	B	-0.49%
ODFL	B	-0.46%
CPRT	A	-0.46%
NEE	D	-0.45%
VRSK	A	-0.45%
OTIS	D	-0.45%
TTD	B	-0.45%
MO	A	-0.41%
VST	B	-0.4%
COP	C	-0.4%
MDLZ	F	-0.38%
CEG	D	-0.38%
SO	D	-0.35%
CL	F	-0.34%
WMB	B	-0.33%
MNST	B	-0.32%
SHW	A	-0.3%
KMB	D	-0.3%
TPL	B	-0.3%
EOG	A	-0.29%
PLD	D	-0.29%
AMT	F	-0.27%
NRG	C	-0.27%
LNG	B	-0.26%
FCX	F	-0.26%
HSY	F	-0.25%
WEC	B	-0.25%
SPG	A	-0.24%
ECL	C	-0.24%
PSA	D	-0.22%
NUE	D	-0.2%
MLM	B	-0.2%
O	D	-0.2%
NFG	D	-0.19%
WHD	B	-0.18%
UGI	D	-0.18%
EXR	D	-0.18%
AVB	B	-0.18%
AM	B	-0.18%
CF	B	-0.17%
EXP	B	-0.17%
RS	C	-0.17%
VICI	D	-0.17%
SBAC	D	-0.16%
EQR	C	-0.16%
AVY	F	-0.15%
RGLD	C	-0.15%
ESS	C	-0.15%
GLPI	D	-0.14%