FBUF vs. DLN ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to WisdomTree LargeCap Dividend Fund (DLN)

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.56

Average Daily Volume

5,170

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

DLN

WisdomTree LargeCap Dividend Fund

DLN Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of the large-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$81.59

Average Daily Volume

107,813

Number of Holdings ^*

303

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	DLN
30 Days	3.04%	3.38%
60 Days	4.57%	4.71%
90 Days	6.09%	6.36%
12 Months		31.21%

92 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in DLN	Overlap
AAPL	B	7.34%	3.54%	3.54%
ABBV	D	0.91%	2.23%	0.91%
ABT	B	0.63%	0.49%	0.49%
ADP	B	0.26%	0.39%	0.26%
AMAT	F	0.67%	0.14%	0.14%
AME	A	0.09%	0.05%	0.05%
AMGN	D	0.25%	0.6%	0.25%
AMT	D	0.21%	0.34%	0.21%
AVGO	D	1.62%	2.65%	1.62%
AXP	A	0.43%	0.37%	0.37%
BAC	A	1.18%	1.45%	1.18%
BDX	F	0.58%	0.13%	0.13%
BK	A	0.12%	0.27%	0.12%
BMY	B	0.74%	0.64%	0.64%
C	A	0.72%	0.74%	0.72%
CAH	B	0.31%	0.07%	0.07%
CAT	B	0.53%	0.51%	0.51%
CI	D	0.63%	0.23%	0.23%
CINF	A	0.07%	0.08%	0.07%
CL	D	0.55%	0.35%	0.35%
CLX	C	0.14%	0.09%	0.09%
CMCSA	C	0.84%	0.99%	0.84%
CME	A	0.44%	0.22%	0.22%
COST	B	0.3%	0.47%	0.3%
CRM	B	1.16%	0.28%	0.28%
CSCO	A	0.8%	1.46%	0.8%
CSX	B	0.49%	0.12%	0.12%
CTAS	B	0.65%	0.16%	0.16%
CVS	D	0.23%	0.29%	0.23%
CVX	B	0.02%	1.79%	0.02%
DIS	B	0.65%	0.22%	0.22%
ECL	D	0.63%	0.14%	0.14%
ED	D	0.1%	0.22%	0.1%
EOG	C	0.48%	0.49%	0.48%
GE	D	0.48%	0.17%	0.17%
GILD	B	0.74%	0.52%	0.52%
GOOG	C	1.89%	0.64%	0.64%
GOOGL	C	2.04%	0.99%	0.99%
HD	A	1.32%	2.08%	1.32%
HWM	B	0.38%	0.04%	0.04%
INTU	C	0.12%	0.19%	0.12%
ITW	A	0.14%	0.36%	0.14%
JNJ	D	0.73%	2.16%	0.73%
JPM	B	1.93%	3.69%	1.93%
KLAC	F	0.61%	0.1%	0.1%
KR	A	0.12%	0.19%	0.12%
LHX	C	0.21%	0.13%	0.13%
LLY	F	0.76%	0.67%	0.67%
LMT	D	0.71%	0.49%	0.49%
LPLA	B	0.11%	0.02%	0.02%
LRCX	F	0.24%	0.12%	0.12%
MA	B	1.36%	0.53%	0.53%
META	D	2.89%	0.99%	0.99%
MMC	A	0.53%	0.29%	0.29%
MRK	F	0.96%	0.89%	0.89%
MSCI	C	0.26%	0.06%	0.06%
MSFT	D	5.66%	3.17%	3.17%
MSI	C	0.43%	0.18%	0.18%
MU	D	0.5%	0.09%	0.09%
NOC	D	0.6%	0.15%	0.15%
NSC	A	0.11%	0.18%	0.11%
NUE	D	0.36%	0.06%	0.06%
NVDA	C	7.37%	2.61%	2.61%
ORCL	C	0.04%	0.83%	0.04%
OXY	F	0.15%	0.07%	0.07%
PCAR	B	0.37%	0.33%	0.33%
PEP	F	0.19%	1.28%	0.19%
PG	A	0.8%	1.91%	0.8%
PGR	A	0.67%	0.13%	0.13%
PM	B	0.94%	1.39%	0.94%
PPG	D	0.34%	0.1%	0.1%
PSA	C	0.17%	0.33%	0.17%
QCOM	F	0.85%	0.48%	0.48%
RSG	A	0.23%	0.11%	0.11%
RTX	D	0.28%	0.62%	0.28%
SCHW	A	0.79%	0.27%	0.27%
SPG	C	0.44%	0.46%	0.44%
SPGI	C	0.21%	0.17%	0.17%
SYK	C	0.24%	0.28%	0.24%
TJX	A	0.72%	0.39%	0.39%
TMO	F	0.38%	0.17%	0.17%
TMUS	A	0.28%	0.86%	0.28%
TROW	A	0.28%	0.16%	0.16%
TRV	B	0.26%	0.17%	0.17%
TXT	D	0.5%	0.02%	0.02%
UNH	B	0.57%	1.42%	0.57%
UNP	C	0.75%	0.42%	0.42%
V	A	0.65%	0.78%	0.65%
WFC	A	0.28%	1.07%	0.28%
WM	A	0.41%	0.28%	0.28%
WMT	B	0.82%	1.84%	0.82%
XOM	C	1.56%	2.84%	1.56%

FBUF Overweight 63 Positions Relative to DLN

Symbol	Grade	Weight
AMZN	C	3.84%
BRK.A	B	2.2%
NFLX	B	1.28%
TSLA	B	1.27%
ADBE	C	0.94%
NEE	D	0.82%
PYPL	A	0.72%
T	A	0.71%
TT	B	0.68%
SQ	B	0.6%
SEIC	A	0.54%
ZM	B	0.53%
DBX	C	0.52%
ZBRA	A	0.52%
CVNA	B	0.52%
DVN	F	0.52%
NOW	B	0.5%
CMG	B	0.47%
IGT	F	0.46%
GRMN	A	0.44%
EXEL	A	0.43%
PFE	D	0.41%
ALLE	D	0.38%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
INCY	C	0.34%
F	C	0.33%
LDOS	D	0.31%
SKYW	B	0.31%
MEDP	F	0.28%
UBER	D	0.24%
MGM	F	0.23%
GAP	C	0.21%
BIIB	F	0.21%
FTNT	C	0.2%
MMM	D	0.19%
TPH	C	0.18%
SSNC	A	0.18%
CACI	D	0.17%
LNW	D	0.16%
BBWI	C	0.16%
IDXX	F	0.15%
VST	B	0.14%
GL	C	0.13%
GEN	A	0.13%
AON	A	0.12%
DASH	A	0.11%
UNM	A	0.1%
TWLO	B	0.09%
NRG	C	0.09%
DOCU	A	0.09%
LYFT	C	0.08%
PLTK	B	0.07%
CRUS	F	0.07%
QRVO	F	0.06%
NBIX	C	0.06%
ANET	C	0.06%
VEEV	B	0.04%
TNL	A	0.04%
UTHR	C	0.04%
TOL	A	0.02%
PEGA	A	0.02%

FBUF Underweight 211 Positions Relative to DLN

Symbol	Grade	Weight
KO	D	-1.6%
IBM	C	-1.37%
MS	B	-1.21%
MCD	D	-0.95%
GS	B	-0.8%
MO	A	-0.8%
TXN	D	-0.74%
LOW	C	-0.66%
HON	B	-0.6%
BLK	C	-0.51%
UPS	C	-0.51%
USB	A	-0.48%
PNC	A	-0.47%
SO	D	-0.47%
DUK	C	-0.47%
BX	B	-0.46%
OKE	C	-0.44%
WMB	B	-0.43%
MDLZ	F	-0.42%
PLD	D	-0.4%
D	C	-0.37%
SBUX	B	-0.36%
COP	D	-0.36%
BKNG	B	-0.34%
PEG	A	-0.31%
KMB	C	-0.31%
PRU	A	-0.3%
CCI	D	-0.3%
AFL	B	-0.3%
AEP	D	-0.29%
TGT	F	-0.28%
O	D	-0.28%
VICI	C	-0.28%
PAYX	B	-0.28%
ETR	B	-0.27%
MET	A	-0.26%
XEL	A	-0.26%
SRE	A	-0.25%
WELL	C	-0.25%
MPC	F	-0.25%
ADI	D	-0.24%
ICE	D	-0.24%
FIS	D	-0.23%
KHC	D	-0.23%
APO	A	-0.23%
PSX	C	-0.23%
DLR	A	-0.23%
PH	A	-0.23%
EQIX	A	-0.22%
EMR	A	-0.22%
DOW	F	-0.22%
DE	B	-0.22%
KVUE	A	-0.22%
APD	A	-0.22%
GD	F	-0.21%
AVB	B	-0.21%
VLO	C	-0.2%
EXR	C	-0.2%
SYY	C	-0.2%
FAST	B	-0.2%
GLW	B	-0.19%
CMI	A	-0.19%
EIX	A	-0.18%
FITB	B	-0.18%
FDX	B	-0.18%
MTB	B	-0.18%
EXC	D	-0.18%
COF	B	-0.18%
NKE	F	-0.17%
AMP	B	-0.17%
RF	B	-0.17%
HBAN	B	-0.17%
GIS	D	-0.17%
ALL	B	-0.17%
MAR	A	-0.16%
HIG	B	-0.16%
HPQ	B	-0.16%
AEE	A	-0.15%
SHW	A	-0.15%
STT	A	-0.15%
K	A	-0.15%
AIG	B	-0.15%
EQR	B	-0.15%
DFS	B	-0.15%
KDP	D	-0.15%
APH	B	-0.15%
IRM	C	-0.15%
DHR	D	-0.15%
WEC	A	-0.14%
KKR	B	-0.14%
ELV	F	-0.14%
DRI	B	-0.13%
FE	D	-0.13%
YUM	B	-0.13%
ZTS	D	-0.13%
BKR	C	-0.13%
PPL	B	-0.12%
VTR	D	-0.12%
BBY	D	-0.12%
ES	D	-0.12%
STZ	D	-0.12%
MCO	A	-0.12%
ARES	B	-0.11%
HCA	F	-0.11%
GM	B	-0.11%
DTE	C	-0.11%
ATO	A	-0.11%
TRGP	B	-0.11%
OTIS	C	-0.11%
LNG	B	-0.1%
ARE	D	-0.1%
PFG	C	-0.1%
NTRS	A	-0.1%
GWW	A	-0.1%
CARR	C	-0.1%
DTD	A	-0.09%
LVS	C	-0.09%
ADM	F	-0.09%
FANG	F	-0.09%
TSN	B	-0.09%
EBAY	C	-0.09%
URI	B	-0.09%
DD	D	-0.09%
HRL	D	-0.08%
TSCO	C	-0.08%
HSY	F	-0.08%
OMC	C	-0.08%
INVH	D	-0.08%
CTSH	B	-0.08%
HPE	B	-0.08%
BR	A	-0.08%
CMS	C	-0.08%
NTAP	C	-0.08%
WRB	A	-0.08%
MCHP	F	-0.08%
CEG	D	-0.08%
COR	C	-0.08%
DELL	C	-0.07%
AWK	D	-0.07%
NDAQ	A	-0.07%
ROK	B	-0.07%
AJG	A	-0.07%
WY	D	-0.07%
HES	C	-0.07%
MCK	C	-0.07%
VMC	B	-0.06%
LEN	C	-0.06%
MKC	D	-0.06%
ROST	C	-0.06%
DHI	D	-0.06%
HAL	C	-0.06%
RJF	A	-0.06%
GPC	D	-0.06%
CNP	A	-0.06%
HLT	A	-0.06%
VRSK	A	-0.05%
CBOE	B	-0.05%
DGX	B	-0.05%
DOV	A	-0.05%
RS	B	-0.05%
EA	C	-0.05%
ROP	B	-0.05%
DAL	B	-0.05%
SUI	D	-0.05%
A	D	-0.04%
CDW	F	-0.04%
MLM	B	-0.04%
SBAC	D	-0.04%
MRO	B	-0.04%
ROL	B	-0.04%
BRO	B	-0.04%
STLD	B	-0.04%
IR	A	-0.04%
VRT	B	-0.04%
PWR	A	-0.04%
RMD	C	-0.04%
XYL	D	-0.04%
PCG	B	-0.04%
HUBB	B	-0.04%
PHM	C	-0.04%
SWKS	F	-0.04%
ODFL	B	-0.04%
MPWR	F	-0.03%
FTV	B	-0.03%
FCNCA	B	-0.03%
EFX	D	-0.03%
WLK	D	-0.03%
HUM	C	-0.03%
AVY	D	-0.03%
ERIE	D	-0.03%
EXPD	C	-0.03%
LH	B	-0.03%
BALL	D	-0.03%
BAH	F	-0.03%
GPN	C	-0.03%
CHD	B	-0.03%
WAB	B	-0.03%
SIRI	C	-0.03%
GEHC	F	-0.03%
HEI	B	-0.02%
J	F	-0.02%
FDS	B	-0.02%
L	B	-0.02%
VLTO	C	-0.02%
JBHT	C	-0.02%
WST	C	-0.02%
ZBH	C	-0.02%
LEN	C	-0.01%
WMG	C	-0.01%
TW	B	-0.01%
HEI	B	-0.01%