FVAL vs SFTY
Fidelity Value Factor ETF against Horizon Managed Risk ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
54%
57 shared positions
Fee gap
62 bp
FVAL is cheaper
1-year return gap
2.0 pts
FVAL is ahead
Larger fund
FVAL
$1.4B
Side by side
| FVAL | SFTY | |
|---|---|---|
| Fund | Fidelity Value Factor ETF | Horizon Managed Risk ETF |
| Issuer | Fidelity | Horizon |
| Category | Multi-Factor | Tactical & Rotation |
| Expense ratio | 0.15% | 0.77% |
| Assets | $1.4B | $397M |
| Average daily dollar volume | $3.1M | $2.0M |
| Listed | Sep 12, 2016 | Jun 25, 2025 |
| FrenzyCap score | 73 | 49 |
| 1-month return | +0.8% | +2.9% |
| 3-month return | +3.8% | +4.4% |
| Year to date | +13.9% | +14.6% |
| 1-year return | +18.5% | +16.5% |
| 30-day volatility | 9.6% | 9.2% |
| Worst drawdown, 1 year | −9.3% | −8.6% |
| Trailing 12-month yield | 1.49% | 0.16% |
| Holdings | 127 | 164 |
| Top 10 weight | 39.7% | 42.9% |
| Look-through P/E | 21.2 | 24.5 |
| Holdings vs fair value | +9.2% | +0.7% |
| Holdings above 200-day average | 72% | 73% |
| Net flow, latest 3 reported months | +$48M thru Jul 2026 | +$18M thru May 2026 |
| 30-day implied volatility | 17.0% | — |
| Holdings as of | as of Apr 30, 2026SEC filing | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
70% of FVAL · 57% of SFTY| Holding | FVAL | SFTY |
|---|---|---|
| NVDA | 7.56% | 6.57% |
| AAPL | 6.26% | 6.41% |
| GOOGL | 5.87% | 6.05% |
| MSFT | 4.76% | 4.86% |
| AVGO | 3.72% | 3.44% |
| AMZN | 4.35% | 2.05% |
| META | 2.21% | 1.82% |
| BRK.B | 1.78% | 2.45% |
| MU | 1.72% | 2.38% |
| LLY | 1.45% | 1.94% |
| JNJ | 1.26% | 1.30% |
| XOM | 1.13% | 1.35% |
| WMT | 1.15% | 1.09% |
| PG | 0.78% | 0.74% |
| CVX | 0.74% | 0.84% |
| MRK | 0.80% | 0.74% |
| HD | 0.94% | 0.72% |
| GM | 0.58% | 0.59% |
| BKNG | 0.69% | 0.52% |
| V | 1.35% | 0.51% |
| LINDE PLC | 0.51% | 0.51% |
| BAC | 1.02% | 0.50% |
| CAT | 1.10% | 0.48% |
| GILD | 0.63% | 0.44% |
| UNH | 1.09% | 0.39% |
Sector mix of the stock holdings
| Sector | FVAL | SFTY | Gap |
|---|---|---|---|
| Technology | 38.5% | 41.4% | −2.9% |
| Consumer Discretionary | 10.7% | 9.2% | +1.5% |
| Industrials | 10.8% | 8.9% | +2.0% |
| Financials | 9.3% | 8.5% | +0.8% |
| Health Care | 9.2% | 8.1% | +1.2% |
| Consumer Staples | 2.8% | 4.0% | −1.2% |
| Energy | 3.5% | 3.0% | +0.5% |
| Utilities | 2.1% | 2.6% | −0.5% |
| Real Estate | 2.6% | 1.6% | +1.0% |
| Materials | 1.8% | 1.2% | +0.5% |
| Communication Services | 1.2% | 1.2% | −0.1% |
More: full overlap table · FVAL holdings · SFTY holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.