VS

Correlation: 96.5%

What is FDLO?

FDLO was created on 2016-09-12 by Fidelity. The fund's investment portfolio concentrates primarily on large cap equity. FDLO tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings.

What is QUS?

QUS was created on 2015-04-15 by SPDR. The fund's investment portfolio concentrates primarily on total market equity. QUS tracks an index of US large- and mid-cap stocks comprising three equally weighted subindexes with value", quality and minimum volatility factor strategies.

Key Details

FDLO
QUS
Website
screener.fidelity.com
us.spdrs.com
Inception Date

Sep 12, 2016

Apr 15, 2015

Asset Class

Equity

Equity

Investment Segment

Large Cap

Total Market

AUM
$1.22B
$1.32B
Dividend Yield
1.51%
1.56%
Expense Ratio
0.16%
0.15%
Return 1Y
7.47%
7.38%

Holdings

Fidelity Low Volatility Factor ETF - FDLO is made up of 127 holdings. SPDR MSCI USA StrategicFactors SM ETF - QUS is made up of 577 holdings.

Name
Weight
M
MSFTMicrosoft Corp.

6.23%

A
AAPLApple, Inc.

6.05%

G
GOOGLAlphabet, Inc.

3.67%

A
AMZNAmazon.com, Inc.

3.6%

B
BRK.BBerkshire Hathaway, Inc.

2.44%

A
AVGOBroadcom Inc.

2.18%

J
JPMJPMorgan Chase & Co.

1.71%

L
LLYEli Lilly & Co.

1.62%

V
VVisa, Inc.

1.6%

U
UNHUnitedHealth Group, Inc.

1.58%

C
CSCOCisco Systems, Inc.

1.33%

I
IBMInternational Business Machines Corp.

1.3%

M
MAMastercard, Inc.

1.3%

J
JNJJohnson & Johnson

1.25%

T
TAT&T, Inc.

1.19%

O
ORCLOracle Corp.

1.17%

V
VRSNVeriSign, Inc.

1.17%

V
VZVerizon Communications, Inc.

1.14%

T
TXNTexas Instruments Incorporated

1.12%

A
ABBVAbbVie, Inc.

1.12%

A
ACNAccenture Plc

1.11%

H
HDThe Home Depot, Inc.

1.1%

X
XOMExxon Mobil Corp.

1.07%

R
ROPRoper Technologies, Inc.

1.06%

A
ADIAnalog Devices, Inc.

1.01%

M
MSIMotorola Solutions, Inc.

1%

T
TMUST-Mobile US, Inc.

1%

P
PGProcter & Gamble Co.

0.99%

D
DOXAmdocs Ltd.

0.99%

M
MCDMcDonald's Corp.

0.98%

Name
Weight
M
MSFTMicrosoft Corp.

3.08%

A
AAPLApple, Inc.

2.89%

M
METAMeta Platforms, Inc.

2.3%

U
UNHUnitedHealth Group, Inc.

2.18%

V
VVisa, Inc.

2.04%

L
LLYEli Lilly & Co.

2.03%

M
MAMastercard, Inc.

1.84%

N
NVDANVIDIA Corp.

1.74%

J
JNJJohnson & Johnson

1.6%

P
PGProcter & Gamble Co.

1.56%

C
COSTCostco Wholesale Corp.

1.31%

G
GOOGLAlphabet, Inc.

1.29%

B
BRK.BBerkshire Hathaway, Inc.

1.27%

C
CSCOCisco Systems, Inc.

1.23%

G
GOOGAlphabet, Inc.

1.2%

M
MRKMerck & Co., Inc.

1.2%

N
NFLXNetflix, Inc.

1.11%

J
JPMJPMorgan Chase & Co.

0.99%

A
ACNAccenture Plc

0.97%

X
XOMExxon Mobil Corp.

0.96%

K
KOThe Coca-Cola Co.

0.93%

P
PEPPepsiCo, Inc.

0.92%

W
WMTWalmart, Inc.

0.9%

V
VZVerizon Communications, Inc.

0.88%

T
TAT&T, Inc.

0.78%

M
MCKMcKesson Corp.

0.71%

M
MMCMarsh & McLennan Cos., Inc.

0.7%

T
TXNTexas Instruments Incorporated

0.69%

I
IBMInternational Business Machines Corp.

0.67%

C
CBChubb Ltd.

0.67%

Strategies that include

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FDLO
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Stock Correlation

The stocks that are correlated to FDLO - Fidelity Low Volatility Factor ETF are MCO, ARCC, MA, SPGI, SEIC

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
M
MCOMoody's Corp.
80.70%$78.90B+14.08%0.81%
A
ARCCAres Capital Corp.
77.33%$15.07B-9.36%
M
MAMastercard, Inc.
77.14%$469.92B+9.86%0.56%
S
SPGIS&P Global, Inc.
76.89%$148.76B+11.78%0.78%
S
SEICSEI Investments Co.
76.85%$9.27B+5.70%1.33%
B
BNBrookfield Corp.
76.66%$75.61B+28.76%0.68%
B
BLKBlackRock, Inc.
76.41%$139.27B+14.47%2.33%
I
ITWIllinois Tool Works Inc.
75.84%$68.90B-9.42%2.58%
P
PEBPebblebrook Hotel Trust
75.47%$1.12B-39.25%0.45%
B
BNTBrookfield Wealth Solutions Ltd.
75.43%$10.14B+28.86%0.00%
T
TROWT. Rowe Price Group, Inc.
75.11%$20.04B-22.66%5.63%
P
PFGPrincipal Financial Group, Inc.
74.90%$17.43B-4.92%3.85%
M
MORNMorningstar, Inc.
73.57%$11.91B-11.03%0.62%
I
ITTITT, Inc.
73.55%$10.21B-3.35%1.07%
J
JHGJanus Henderson Group Plc
73.43%$5.23B+3.17%4.83%
R
ROPRoper Technologies, Inc.
73.39%$59.47B+3.32%0.58%
L
LINLinde Plc
73.25%$210.90B-1.00%1.29%
M
METMetLife, Inc.
73.21%$51.26B+4.63%2.97%
A
AVNTAvient Corp.
72.98%$3.01B-21.16%3.39%
P
PRUPrudential Financial, Inc.
72.65%$36.78B-7.82%5.18%

The stocks that are correlated to QUS - SPDR MSCI USA StrategicFactors SM ETF are BN, SEIC, BNT, ITT, MCO

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
B
BNBrookfield Corp.
81.41%$75.61B+28.76%0.68%
S
SEICSEI Investments Co.
79.42%$9.27B+5.70%1.33%
B
BNTBrookfield Wealth Solutions Ltd.
79.36%$10.14B+28.86%0.00%
I
ITTITT, Inc.
79.11%$10.21B-3.35%1.07%
M
MCOMoody's Corp.
79.08%$78.90B+14.08%0.81%
J
JHGJanus Henderson Group Plc
78.72%$5.23B+3.17%4.83%
P
PHParker-Hannifin Corp.
77.75%$76.76B+7.33%1.14%
B
BLKBlackRock, Inc.
77.21%$139.27B+14.47%2.33%
M
MAMastercard, Inc.
77.00%$469.92B+9.86%0.56%
G
GSThe Goldman Sachs Group, Inc.
76.86%$160.64B+28.97%2.36%
T
TROWT. Rowe Price Group, Inc.
76.76%$20.04B-22.66%5.63%
A
ARCCAres Capital Corp.
76.22%$15.07B-9.36%
P
PFGPrincipal Financial Group, Inc.
75.98%$17.43B-4.92%3.85%
A
ADIAnalog Devices, Inc.
75.69%$97.52B+0.15%2.03%
A
AXPAmerican Express Co.
75.46%$183.94B+20.54%1.15%
A
AVNTAvient Corp.
75.12%$3.01B-21.16%3.39%
P
PEBPebblebrook Hotel Trust
75.04%$1.12B-39.25%0.45%
M
METMetLife, Inc.
75.01%$51.26B+4.63%2.97%
F
FTVFortive Corp.
74.92%$23.06B-18.59%0.48%
B
BXBlackstone, Inc.
74.76%$167.40B+8.95%2.96%

ETF Correlation

The ETFs that are correlated to FDLO - Fidelity Low Volatility Factor ETF are QUS, TDVG, VIG, DGRW, DLN

Name
Correlation
AUM
Expense Ratio
Q
QUSSPDR MSCI USA StrategicFactors SM ETF
96.48%$1.32B0.15%
T
TDVGT. Rowe Price Dividend Growth ETF
96.29%$696.96M0.5%
V
VIGVanguard Dividend Appreciation FTF
95.81%$77.83B0.05%
D
DGRWWisdomTree U.S. Quality Dividend Growth Fund
95.49%$13.23B0.28%
D
DLNWisdomTree U.S. LargeCap Dividend Fund
95.31%$4.20B0.28%
I
IUSTraded Self Indexed Fund Trust Invesco RAFI Strategic US ETF
95.28%$557.96M0.19%
J
JEPITraded Fund Trust JPMorgan Equity Premium Income ETF
95.16%$35.36B0.35%
F
FNDXSchwab Fundamental U.S. Large Company ETF
94.56%$15.27B0.25%
D
DFVXDimensional US Large Cap Vector ETF
94.46%$366.98M0.19%
J
JQUATraded Fund Trust JPMorgan U.S. Quality Factor ETF
94.40%$5.04B0.12%
D
DGROiShares Core Dividend Growth ETF
94.31%$27.23B0.08%
D
DTDWisdomTree U.S. Total Dividend Fund
94.21%$1.19B0.28%
Q
QDFFlexShares Quality Dividend Index Fund
93.80%$1.53B0.37%
P
PRFInvesco RAFI US 1000 ETF
93.72%$6.80B0.39%
I
IVEiShares S&P 500 Value ETF
93.66%$32.90B0.18%
S
SPYVSPDR Portfolio S&P 500 Value ETF
93.63%$22.63B0.04%
V
VOOVVanguard S&P 500 Value ETF
93.59%$4.62B0.07%
D
DIASPDR Dow Jones Industrial Average ETF
93.53%$33.47B0.16%
E
EPSWisdomTree U.S. LargeCap Fund
93.47%$925.83M0.08%
I
IUSViShares Core S&P U.S.Value ETF
93.45%$17.94B0.04%

The ETFs that are correlated to QUS - SPDR MSCI USA StrategicFactors SM ETF are DGRW, TDVG, JQUA, VIG, DFVX

Name
Correlation
AUM
Expense Ratio
D
DGRWWisdomTree U.S. Quality Dividend Growth Fund
98.44%$13.23B0.28%
T
TDVGT. Rowe Price Dividend Growth ETF
98.16%$696.96M0.5%
J
JQUATraded Fund Trust JPMorgan U.S. Quality Factor ETF
97.86%$5.04B0.12%
V
VIGVanguard Dividend Appreciation FTF
97.76%$77.83B0.05%
D
DFVXDimensional US Large Cap Vector ETF
97.74%$366.98M0.19%
D
DUHPDimensional US High Profitability ETF
97.58%$6.83B0.21%
I
IUSTraded Self Indexed Fund Trust Invesco RAFI Strategic US ETF
97.58%$557.96M0.19%
J
JHMLJohn Hancock Multifactor Large Cap ETF
97.54%$803.74M0.29%
E
EPSWisdomTree U.S. LargeCap Fund
97.50%$925.83M0.08%
D
DLNWisdomTree U.S. LargeCap Dividend Fund
97.42%$4.20B0.28%
F
FNDXSchwab Fundamental U.S. Large Company ETF
96.83%$15.27B0.25%
Q
QDFFlexShares Quality Dividend Index Fund
96.64%$1.53B0.37%
D
DTDWisdomTree U.S. Total Dividend Fund
96.52%$1.19B0.28%
F
FDLOFidelity Low Volatility Factor ETF
96.48%$1.22B0.16%
D
DCORDimensional US Core Equity 1 ETF
96.38%$1.28B0.14%
G
GSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF
96.37%$11.08B0.09%
C
CFAVictoryShares US 500 Volatility Wtd ETF
96.32%$469.68M0.35%
G
GSEWGoldman Sachs Equal Weight U.S. Large Cap Equity ETF
96.31%$990.32M0.09%
C
CGDVCapital Group Dividend Value ETF
96.21%$13.18B0.33%
D
DFACDimensional U.S. Core Equity 2 ETF
96.20%$28.26B0.17%

Holding Overlap

FDLO - Fidelity Low Volatility Factor ETF and QUS - SPDR MSCI USA StrategicFactors SM ETF have a 119 holding overlap. Which accounts for a 50.5% overlap.

Number of overlapping holdings

119

% of overlapping holdings

50.51%

Name
Weight in FDLO
Weight in QUS
M
MSFTMicrosoft Corporation
6.23%3.08%
A
AAPLApple Inc
6.05%2.89%
G
GOOGLAlphabet Inc - Ordinary Shares - Class A
3.67%1.29%
A
AMZNAmazon.com Inc.
3.60%0.65%
B
BRK.BBerkshire Hathaway Inc. - Ordinary Shares - Class B
2.44%1.27%
A
AVGOBroadcom Inc
2.18%0.19%
J
JPMJPMorgan Chase & Co.
1.71%0.99%
L
LLYLilly(Eli) & Co
1.62%2.03%
V
VVisa Inc - Ordinary Shares - Class A
1.60%2.04%
U
UNHUnitedhealth Group Inc
1.58%2.18%

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The ProShares Large Cap Core Plus (CSM) employs a 130/30 strategy, targeting large-cap U.S. stocks with a multi-factor model. Read the full ETF analysis here on Seeking Alpha.

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Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.

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