FBUF vs. EUSA ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to iShares MSCI USA Index Fund (EUSA)

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

$27.53

Average Daily Volume

5,177

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

EUSA

iShares MSCI USA Index Fund

EUSA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI USA Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a market capitalization-weighted index designed to measure the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$101.24

Average Daily Volume

45,044

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	EUSA
30 Days	3.10%	5.56%
60 Days	4.70%	6.51%
90 Days	6.08%	8.86%
12 Months		32.13%

134 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in EUSA	Overlap
AAPL	C	7.34%	0.16%	0.16%
ABBV	D	0.91%	0.13%	0.13%
ABT	B	0.63%	0.16%	0.16%
ADBE	C	0.94%	0.14%	0.14%
ADP	B	0.26%	0.18%	0.18%
ALLE	D	0.38%	0.16%	0.16%
AMAT	F	0.67%	0.13%	0.13%
AME	A	0.09%	0.18%	0.09%
AMGN	D	0.25%	0.13%	0.13%
AMT	D	0.21%	0.14%	0.14%
AMZN	C	3.84%	0.18%	0.18%
ANET	C	0.06%	0.17%	0.06%
AON	A	0.12%	0.18%	0.12%
AVGO	D	1.62%	0.16%	0.16%
AXP	A	0.43%	0.18%	0.18%
BAC	A	1.18%	0.19%	0.19%
BBWI	D	0.16%	0.15%	0.15%
BDX	F	0.58%	0.15%	0.15%
BIIB	F	0.21%	0.12%	0.12%
BK	A	0.12%	0.19%	0.12%
BMY	B	0.74%	0.19%	0.19%
BRK.A	B	2.2%	0.17%	0.17%
C	A	0.72%	0.18%	0.18%
CAH	B	0.31%	0.17%	0.17%
CAT	B	0.53%	0.18%	0.18%
CI	F	0.63%	0.15%	0.15%
CINF	A	0.07%	0.19%	0.07%
CL	D	0.55%	0.14%	0.14%
CLX	B	0.14%	0.17%	0.14%
CMCSA	B	0.84%	0.17%	0.17%
CME	A	0.44%	0.17%	0.17%
CMG	B	0.47%	0.18%	0.18%
COST	B	0.3%	0.17%	0.17%
CRM	B	1.16%	0.2%	0.2%
CSCO	B	0.8%	0.18%	0.18%
CSX	B	0.49%	0.16%	0.16%
CTAS	B	0.65%	0.17%	0.17%
CVS	D	0.23%	0.15%	0.15%
CVX	A	0.02%	0.17%	0.02%
DASH	A	0.11%	0.22%	0.11%
DIS	B	0.65%	0.2%	0.2%
DOCU	A	0.09%	0.22%	0.09%
DVN	F	0.52%	0.14%	0.14%
ECL	D	0.63%	0.16%	0.16%
ED	D	0.1%	0.15%	0.1%
EOG	A	0.48%	0.17%	0.17%
F	C	0.33%	0.17%	0.17%
FTNT	C	0.2%	0.19%	0.19%
GE	D	0.48%	0.17%	0.17%
GEN	B	0.13%	0.18%	0.13%
GILD	C	0.74%	0.18%	0.18%
GOOG	C	1.89%	0.08%	0.08%
GOOGL	C	2.04%	0.09%	0.09%
GRMN	B	0.44%	0.19%	0.19%
HD	A	1.32%	0.17%	0.17%
HWM	A	0.38%	0.19%	0.19%
IDXX	F	0.15%	0.13%	0.13%
INCY	C	0.34%	0.17%	0.17%
INTU	C	0.12%	0.15%	0.12%
ITW	B	0.14%	0.17%	0.14%
JNJ	D	0.73%	0.15%	0.15%
JPM	A	1.93%	0.18%	0.18%
KLAC	D	0.61%	0.12%	0.12%
KR	B	0.12%	0.18%	0.12%
LDOS	C	0.31%	0.16%	0.16%
LHX	C	0.21%	0.17%	0.17%
LLY	F	0.76%	0.12%	0.12%
LMT	D	0.71%	0.15%	0.15%
LPLA	A	0.11%	0.23%	0.11%
LRCX	F	0.24%	0.12%	0.12%
MA	C	1.36%	0.19%	0.19%
META	D	2.89%	0.17%	0.17%
MGM	D	0.23%	0.15%	0.15%
MMC	B	0.53%	0.16%	0.16%
MMM	D	0.19%	0.16%	0.16%
MRK	F	0.96%	0.13%	0.13%
MSCI	C	0.26%	0.17%	0.17%
MSFT	F	5.66%	0.15%	0.15%
MSI	B	0.43%	0.18%	0.18%
MU	D	0.5%	0.14%	0.14%
NBIX	C	0.06%	0.13%	0.06%
NEE	D	0.82%	0.15%	0.15%
NFLX	A	1.28%	0.2%	0.2%
NOC	D	0.6%	0.15%	0.15%
NOW	A	0.5%	0.19%	0.19%
NRG	B	0.09%	0.18%	0.09%
NSC	B	0.11%	0.17%	0.11%
NUE	C	0.36%	0.16%	0.16%
NVDA	C	7.37%	0.18%	0.18%
ORCL	B	0.04%	0.21%	0.04%
OXY	D	0.15%	0.14%	0.14%
PCAR	B	0.37%	0.18%	0.18%
PEP	F	0.19%	0.14%	0.14%
PFE	D	0.41%	0.14%	0.14%
PG	A	0.8%	0.16%	0.16%
PGR	A	0.67%	0.17%	0.17%
PM	B	0.94%	0.17%	0.17%
PPG	F	0.34%	0.15%	0.15%
PSA	D	0.17%	0.16%	0.16%
PYPL	B	0.72%	0.19%	0.19%
QCOM	F	0.85%	0.15%	0.15%
QRVO	F	0.06%	0.09%	0.06%
RSG	A	0.23%	0.16%	0.16%
RTX	C	0.28%	0.16%	0.16%
SCHW	B	0.79%	0.19%	0.19%
SEIC	B	0.54%	0.19%	0.19%
SPG	B	0.44%	0.18%	0.18%
SPGI	C	0.21%	0.16%	0.16%
SQ	B	0.6%	0.23%	0.23%
SSNC	B	0.18%	0.16%	0.16%
SYK	C	0.24%	0.18%	0.18%
T	A	0.71%	0.18%	0.18%
TJX	A	0.72%	0.17%	0.17%
TMO	F	0.38%	0.13%	0.13%
TMUS	B	0.28%	0.18%	0.18%
TROW	B	0.28%	0.17%	0.17%
TRV	B	0.26%	0.19%	0.19%
TSLA	B	1.27%	0.25%	0.25%
TT	A	0.68%	0.19%	0.19%
TWLO	A	0.09%	0.25%	0.09%
TXT	D	0.5%	0.15%	0.15%
UBER	D	0.24%	0.15%	0.15%
UNH	C	0.57%	0.16%	0.16%
UNP	C	0.75%	0.15%	0.15%
UTHR	C	0.04%	0.16%	0.04%
V	A	0.65%	0.2%	0.2%
VEEV	C	0.04%	0.17%	0.04%
VST	B	0.14%	0.31%	0.14%
WFC	A	0.28%	0.21%	0.21%
WM	A	0.41%	0.16%	0.16%
WMT	A	0.82%	0.18%	0.18%
XOM	B	1.56%	0.16%	0.16%
ZBRA	B	0.52%	0.18%	0.18%
ZM	B	0.53%	0.21%	0.21%

FBUF Overweight 21 Positions Relative to EUSA

Symbol	Grade	Weight
DBX	B	0.52%
CVNA	B	0.52%
IGT	F	0.46%
EXEL	B	0.43%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
SKYW	B	0.31%
MEDP	D	0.28%
GAP	C	0.21%
TPH	D	0.18%
CACI	D	0.17%
LNW	D	0.16%
GL	B	0.13%
UNM	A	0.1%
LYFT	C	0.08%
PLTK	B	0.07%
CRUS	D	0.07%
TNL	A	0.04%
TOL	B	0.02%
PEGA	A	0.02%

FBUF Underweight 457 Positions Relative to EUSA

Symbol	Grade	Weight
APP	B	-0.58%
MSTR	C	-0.51%
PLTR	B	-0.31%
GEV	B	-0.29%
VRT	B	-0.29%
HOOD	B	-0.28%
TOST	B	-0.28%
TPL	A	-0.27%
APO	B	-0.26%
DAL	C	-0.26%
CCL	B	-0.26%
AXON	A	-0.26%
COIN	C	-0.26%
TEAM	A	-0.25%
TRGP	B	-0.23%
RCL	A	-0.23%
Z	A	-0.22%
SYF	B	-0.22%
LYV	A	-0.22%
BX	A	-0.22%
EME	C	-0.22%
FI	A	-0.22%
HUBS	A	-0.22%
RJF	A	-0.22%
PODD	C	-0.22%
HBAN	A	-0.21%
EXE	B	-0.21%
EQT	B	-0.21%
WMB	A	-0.21%
MTB	A	-0.21%
BKNG	A	-0.21%
CRWD	B	-0.21%
EXPE	B	-0.21%
MS	A	-0.21%
CPAY	A	-0.21%
KMI	A	-0.21%
PAYC	B	-0.21%
DAY	B	-0.21%
PWR	A	-0.2%
PNR	A	-0.2%
DKNG	B	-0.2%
TRMB	B	-0.2%
MET	A	-0.2%
AIZ	A	-0.2%
DLR	B	-0.2%
EMR	A	-0.2%
BKR	B	-0.2%
ALB	C	-0.2%
NTRS	A	-0.2%
CG	A	-0.2%
FLUT	A	-0.2%
IOT	A	-0.2%
ETR	B	-0.2%
AMP	A	-0.2%
DFS	B	-0.2%
RBLX	C	-0.2%
SNA	A	-0.2%
KKR	A	-0.2%
COF	B	-0.2%
MRVL	B	-0.2%
FICO	B	-0.2%
OKE	A	-0.2%
NET	B	-0.19%
WELL	A	-0.19%
PH	A	-0.19%
HLT	A	-0.19%
BLK	C	-0.19%
CBRE	B	-0.19%
PNC	B	-0.19%
ROKU	D	-0.19%
JCI	C	-0.19%
TTWO	A	-0.19%
GS	A	-0.19%
ARES	A	-0.19%
JBL	B	-0.19%
WYNN	D	-0.19%
APD	A	-0.19%
PKG	A	-0.19%
CMI	A	-0.19%
LNG	B	-0.19%
GM	B	-0.19%
LVS	C	-0.19%
GWW	B	-0.19%
FAST	B	-0.19%
FFIV	B	-0.19%
PRU	A	-0.19%
ADSK	A	-0.19%
CNP	B	-0.19%
HUBB	B	-0.19%
LUV	C	-0.19%
WBD	C	-0.19%
OC	A	-0.19%
LW	C	-0.19%
IP	B	-0.19%
STLD	B	-0.19%
ETN	A	-0.19%
DELL	C	-0.19%
WAB	B	-0.19%
SW	A	-0.19%
CEG	D	-0.19%
RF	A	-0.19%
MAR	B	-0.19%
AEE	A	-0.18%
IEX	B	-0.18%
TDY	B	-0.18%
ISRG	A	-0.18%
ABNB	C	-0.18%
EA	A	-0.18%
FCNCA	A	-0.18%
DECK	A	-0.18%
KIM	A	-0.18%
SOLV	C	-0.18%
ATO	A	-0.18%
PAYX	C	-0.18%
MCK	B	-0.18%
WSO	A	-0.18%
TAP	C	-0.18%
HON	B	-0.18%
ACM	A	-0.18%
PCG	A	-0.18%
VTRS	A	-0.18%
BXP	D	-0.18%
EPAM	C	-0.18%
MDB	C	-0.18%
JKHY	D	-0.18%
GDDY	A	-0.18%
PEG	A	-0.18%
VMC	B	-0.18%
IR	B	-0.18%
NDAQ	A	-0.18%
CFG	B	-0.18%
AZPN	A	-0.18%
MNST	C	-0.18%
KEY	B	-0.18%
HPE	B	-0.18%
MKTX	D	-0.18%
CNH	C	-0.18%
DDOG	A	-0.18%
SRE	A	-0.18%
URI	B	-0.18%
FDS	B	-0.18%
INTC	D	-0.18%
BSX	B	-0.18%
XEL	A	-0.18%
LULU	C	-0.18%
TW	A	-0.18%
GLW	B	-0.18%
USB	A	-0.18%
HIG	B	-0.18%
NI	A	-0.18%
TTD	B	-0.18%
FITB	A	-0.18%
FIS	C	-0.18%
CRH	A	-0.18%
RPM	A	-0.18%
AFL	B	-0.18%
STT	A	-0.18%
ROK	B	-0.17%
UDR	B	-0.17%
REG	B	-0.17%
CB	C	-0.17%
MANH	D	-0.17%
PANW	C	-0.17%
HST	C	-0.17%
FNF	B	-0.17%
CDNS	B	-0.17%
HPQ	B	-0.17%
SBUX	A	-0.17%
KNX	B	-0.17%
WRB	A	-0.17%
AVB	B	-0.17%
NWSA	B	-0.17%
HES	B	-0.17%
ORLY	B	-0.17%
ODFL	B	-0.17%
OVV	B	-0.17%
DGX	A	-0.17%
AIG	B	-0.17%
APH	A	-0.17%
DE	A	-0.17%
RMD	C	-0.17%
DVA	B	-0.17%
EBAY	D	-0.17%
IT	C	-0.17%
WEC	A	-0.17%
BR	A	-0.17%
IBM	C	-0.17%
IRM	D	-0.17%
HSIC	B	-0.17%
PFG	D	-0.17%
GPN	B	-0.17%
OTIS	C	-0.17%
H	B	-0.17%
LOW	D	-0.17%
CPRT	A	-0.17%
CARR	D	-0.17%
PPL	B	-0.17%
PTC	A	-0.17%
TGT	F	-0.17%
CHD	B	-0.17%
GGG	B	-0.17%
CTVA	C	-0.17%
BLDR	D	-0.17%
MKL	A	-0.17%
CSL	C	-0.17%
VTR	C	-0.17%
LNT	A	-0.17%
CF	B	-0.17%
KVUE	A	-0.17%
MLM	B	-0.17%
BRO	B	-0.17%
ALL	A	-0.17%
CHRW	C	-0.17%
KEYS	A	-0.17%
CTRA	B	-0.17%
LII	A	-0.17%
EQIX	A	-0.17%
L	A	-0.17%
MO	A	-0.17%
WTW	B	-0.17%
SNAP	C	-0.17%
RS	B	-0.17%
WDAY	B	-0.17%
CHTR	C	-0.17%
EVRG	A	-0.17%
TFC	A	-0.17%
DOV	A	-0.17%
AFG	A	-0.17%
EG	C	-0.16%
STZ	D	-0.16%
GEHC	F	-0.16%
MDT	D	-0.16%
ROP	B	-0.16%
SNOW	C	-0.16%
SBAC	D	-0.16%
DOC	D	-0.16%
CBOE	B	-0.16%
ZBH	C	-0.16%
PSX	C	-0.16%
CTLT	B	-0.16%
ELS	C	-0.16%
AEP	D	-0.16%
MAS	D	-0.16%
ROL	B	-0.16%
WTRG	B	-0.16%
ICE	C	-0.16%
VRSN	F	-0.16%
DTE	C	-0.16%
HAL	C	-0.16%
WSM	B	-0.16%
K	A	-0.16%
DUK	C	-0.16%
MCD	D	-0.16%
OMC	C	-0.16%
BIO	D	-0.16%
TSN	B	-0.16%
COP	C	-0.16%
CPT	B	-0.16%
EW	C	-0.16%
CTSH	B	-0.16%
VLO	C	-0.16%
WDC	D	-0.16%
FDX	B	-0.16%
COR	B	-0.16%
WST	C	-0.16%
WY	D	-0.16%
WCN	A	-0.16%
CCK	C	-0.16%
VICI	C	-0.16%
NVR	D	-0.16%
CMS	C	-0.16%
ILMN	D	-0.16%
COO	D	-0.16%
EIX	B	-0.16%
BBY	D	-0.16%
D	C	-0.16%
FCX	D	-0.16%
WAT	B	-0.16%
DD	D	-0.16%
FWONK	B	-0.16%
EQR	B	-0.16%
DXCM	D	-0.16%
SO	D	-0.16%
VZ	C	-0.16%
DT	C	-0.16%
EXC	C	-0.16%
NLY	C	-0.16%
DPZ	C	-0.16%
UPS	C	-0.16%
TSCO	D	-0.16%
MAA	B	-0.16%
LH	C	-0.16%
AJG	B	-0.16%
MRO	B	-0.16%
TRU	D	-0.16%
DRI	B	-0.16%
NDSN	B	-0.16%
PHM	D	-0.16%
TYL	B	-0.16%
BURL	A	-0.16%
ANSS	B	-0.16%
JBHT	C	-0.16%
GLPI	C	-0.16%
EMN	D	-0.16%
ZS	C	-0.16%
POOL	C	-0.16%
VRSK	A	-0.16%
FTV	C	-0.16%
SHW	A	-0.16%
ESS	B	-0.16%
ACN	C	-0.16%
SJM	D	-0.15%
VRTX	F	-0.15%
PLD	D	-0.15%
MPC	D	-0.15%
ACGL	D	-0.15%
AVY	D	-0.15%
ADI	D	-0.15%
ES	D	-0.15%
NTAP	C	-0.15%
BG	F	-0.15%
BALL	D	-0.15%
PINS	D	-0.15%
KMX	B	-0.15%
PARA	C	-0.15%
BSY	D	-0.15%
CCI	D	-0.15%
O	D	-0.15%
KMB	D	-0.15%
MOS	F	-0.15%
ROST	C	-0.15%
ACI	C	-0.15%
SUI	D	-0.15%
VLTO	D	-0.15%
GD	F	-0.15%
ZTS	D	-0.15%
STX	D	-0.15%
ALGN	D	-0.15%
FBIN	D	-0.15%
INVH	D	-0.15%
AZO	C	-0.15%
BEN	C	-0.15%
MKC	D	-0.15%
RPRX	D	-0.15%
CSGP	D	-0.15%
SNPS	B	-0.15%
MELI	D	-0.15%
FE	C	-0.15%
FANG	D	-0.15%
WPC	D	-0.15%
AMH	D	-0.15%
TDG	D	-0.15%
YUM	B	-0.15%
LIN	D	-0.15%
TEL	B	-0.15%
AWK	D	-0.15%
HOLX	D	-0.15%
LEN	D	-0.15%
TXN	C	-0.15%
MCO	B	-0.15%
EQH	B	-0.15%
SYY	B	-0.15%
EXR	D	-0.15%
FERG	B	-0.15%
SLB	C	-0.15%
EXPD	D	-0.15%
CHRD	D	-0.14%
CAG	D	-0.14%
ALLY	C	-0.14%
KHC	F	-0.14%
NXPI	D	-0.14%
UHS	D	-0.14%
GPC	D	-0.14%
CPB	D	-0.14%
ON	D	-0.14%
NKE	D	-0.14%
AOS	F	-0.14%
GIS	D	-0.14%
KDP	D	-0.14%
DINO	D	-0.14%
ENTG	D	-0.14%
WLK	D	-0.14%
IPG	D	-0.14%
SWK	D	-0.14%
J	F	-0.14%
AMD	F	-0.14%
DKS	C	-0.14%
ADM	D	-0.14%
ERIE	D	-0.14%
BAX	D	-0.14%
HCA	F	-0.14%
A	D	-0.14%
KO	D	-0.14%
MDLZ	F	-0.14%
DHI	D	-0.14%
IFF	D	-0.14%
TTC	D	-0.14%
ARE	D	-0.14%
BAH	F	-0.14%
JNPR	F	-0.14%
UHAL	D	-0.14%
STE	F	-0.14%
TECH	D	-0.14%
AMCR	D	-0.14%
RVTY	F	-0.14%
CRL	C	-0.14%
XYL	D	-0.14%
HRL	D	-0.14%
ULTA	F	-0.14%
LKQ	D	-0.14%
EXAS	D	-0.14%
MTD	D	-0.13%
MCHP	D	-0.13%
MOH	F	-0.13%
PSTG	D	-0.13%
TFX	F	-0.13%
EFX	F	-0.13%
MTCH	D	-0.13%
DOW	F	-0.13%
ALNY	D	-0.13%
NEM	D	-0.13%
FSLR	F	-0.13%
BA	F	-0.13%
DHR	F	-0.13%
AKAM	D	-0.13%
HSY	F	-0.13%
LYB	F	-0.13%
CNC	D	-0.12%
FOXA	B	-0.12%
APTV	D	-0.12%
OKTA	C	-0.12%
AVTR	F	-0.12%
RIVN	F	-0.12%
IQV	D	-0.12%
WBA	F	-0.12%
APA	D	-0.12%
TER	D	-0.12%
CDW	F	-0.12%
HUM	C	-0.12%
AES	F	-0.12%
SWKS	F	-0.12%
CELH	F	-0.11%
HEI	B	-0.11%
HII	D	-0.11%
EL	F	-0.11%
ELV	F	-0.11%
REGN	F	-0.1%
DG	F	-0.1%
MPWR	F	-0.1%
DLTR	F	-0.1%
BMRN	D	-0.1%
CE	F	-0.09%
HEI	B	-0.08%
ENPH	F	-0.08%
MRNA	F	-0.07%
SMCI	F	-0.07%
FOX	A	-0.06%