FBUF vs. FELC ETF Comparison
Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Fidelity Enhanced Large Cap Core ETF (FELC)
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
FELC
Fidelity Enhanced Large Cap Core ETF
FELC Description
The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.Grade (RS Rating)
Last Trade
$33.43
Average Daily Volume
581,796
Number of Holdings
*
170
* may have additional holdings in another (foreign) market
Performance
| Period | FBUF | FELC |
|---|---|---|
| 30 Days | 3.10% | 3.27% |
| 60 Days | 4.70% | 5.09% |
| 90 Days | 6.08% | 6.09% |
| 12 Months | 33.74% |
146 Overlapping Holdings
| Symbol | Grade | Weight in FBUF | Weight in FELC | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 7.34% | 7.38% | 7.34% | |
| ABBV | D | 0.91% | 1.02% | 0.91% | |
| ABT | B | 0.63% | 0.56% | 0.56% | |
| ADBE | C | 0.94% | 0.94% | 0.94% | |
| ADP | B | 0.26% | 0.2% | 0.2% | |
| ALLE | D | 0.38% | 0.33% | 0.33% | |
| ALRM | C | 0.34% | 0.2% | 0.2% | |
| AMAT | F | 0.67% | 0.68% | 0.67% | |
| AMGN | D | 0.25% | 0.33% | 0.25% | |
| AMT | D | 0.21% | 0.24% | 0.21% | |
| AMZN | C | 3.84% | 3.93% | 3.84% | |
| ANET | C | 0.06% | 0.11% | 0.06% | |
| ANF | C | 0.35% | 0.42% | 0.35% | |
| AON | A | 0.12% | 0.35% | 0.12% | |
| AVGO | D | 1.62% | 1.72% | 1.62% | |
| AXP | A | 0.43% | 0.31% | 0.31% | |
| BAC | A | 1.18% | 1.2% | 1.18% | |
| BBWI | D | 0.16% | 0.11% | 0.11% | |
| BDX | F | 0.58% | 0.62% | 0.58% | |
| BIIB | F | 0.21% | 0.1% | 0.1% | |
| BK | A | 0.12% | 0.11% | 0.11% | |
| BMY | B | 0.74% | 0.75% | 0.74% | |
| BRK.A | B | 2.2% | 2.25% | 2.2% | |
| C | A | 0.72% | 0.02% | 0.02% | |
| CACI | D | 0.17% | 0.4% | 0.17% | |
| CAH | B | 0.31% | 0.31% | 0.31% | |
| CAT | B | 0.53% | 0.57% | 0.53% | |
| CI | F | 0.63% | 0.63% | 0.63% | |
| CL | D | 0.55% | 0.47% | 0.47% | |
| CLX | B | 0.14% | 0.11% | 0.11% | |
| CMCSA | B | 0.84% | 0.86% | 0.84% | |
| CME | A | 0.44% | 0.5% | 0.44% | |
| CMG | B | 0.47% | 0.35% | 0.35% | |
| COST | B | 0.3% | 0.31% | 0.3% | |
| CRM | B | 1.16% | 1.15% | 1.15% | |
| CRUS | D | 0.07% | 0.03% | 0.03% | |
| CSCO | B | 0.8% | 0.66% | 0.66% | |
| CSX | B | 0.49% | 0.54% | 0.49% | |
| CTAS | B | 0.65% | 0.69% | 0.65% | |
| CVNA | B | 0.52% | 0.55% | 0.52% | |
| CVS | D | 0.23% | 0.25% | 0.23% | |
| CVX | A | 0.02% | 0.01% | 0.01% | |
| DASH | A | 0.11% | 0.18% | 0.11% | |
| DBX | B | 0.52% | 0.52% | 0.52% | |
| DIS | B | 0.65% | 0.65% | 0.65% | |
| DOCU | A | 0.09% | 0.02% | 0.02% | |
| DVN | F | 0.52% | 0.53% | 0.52% | |
| ECL | D | 0.63% | 0.63% | 0.63% | |
| ED | D | 0.1% | 0.15% | 0.1% | |
| EOG | A | 0.48% | 0.54% | 0.48% | |
| EXEL | B | 0.43% | 0.45% | 0.43% | |
| F | C | 0.33% | 0.11% | 0.11% | |
| FTNT | C | 0.2% | 0.15% | 0.15% | |
| GAP | C | 0.21% | 0.22% | 0.21% | |
| GE | D | 0.48% | 0.39% | 0.39% | |
| GILD | C | 0.74% | 0.74% | 0.74% | |
| GL | B | 0.13% | 0.21% | 0.13% | |
| GOOG | C | 1.89% | 1.9% | 1.89% | |
| GOOGL | C | 2.04% | 2.05% | 2.04% | |
| GRMN | B | 0.44% | 0.22% | 0.22% | |
| HD | A | 1.32% | 1.29% | 1.29% | |
| HWM | A | 0.38% | 0.1% | 0.1% | |
| IDXX | F | 0.15% | 0.22% | 0.15% | |
| IGT | F | 0.46% | 0.46% | 0.46% | |
| INCY | C | 0.34% | 0.28% | 0.28% | |
| JNJ | D | 0.73% | 0.74% | 0.73% | |
| JPM | A | 1.93% | 1.94% | 1.93% | |
| KLAC | D | 0.61% | 0.63% | 0.61% | |
| KR | B | 0.12% | 0.03% | 0.03% | |
| LDOS | C | 0.31% | 0.24% | 0.24% | |
| LHX | C | 0.21% | 0.21% | 0.21% | |
| LLY | F | 0.76% | 0.76% | 0.76% | |
| LMT | D | 0.71% | 0.71% | 0.71% | |
| LNW | D | 0.16% | 0.11% | 0.11% | |
| LPLA | A | 0.11% | 0.03% | 0.03% | |
| LRCX | F | 0.24% | 0.44% | 0.24% | |
| LYFT | C | 0.08% | 0.21% | 0.08% | |
| MA | C | 1.36% | 1.36% | 1.36% | |
| MEDP | D | 0.28% | 0.21% | 0.21% | |
| META | D | 2.89% | 2.89% | 2.89% | |
| MGM | D | 0.23% | 0.3% | 0.23% | |
| MMC | B | 0.53% | 0.29% | 0.29% | |
| MMM | D | 0.19% | 0.13% | 0.13% | |
| MRK | F | 0.96% | 0.99% | 0.96% | |
| MSCI | C | 0.26% | 0.33% | 0.26% | |
| MSFT | F | 5.66% | 5.68% | 5.66% | |
| MSI | B | 0.43% | 0.5% | 0.43% | |
| MU | D | 0.5% | 0.66% | 0.5% | |
| NBIX | C | 0.06% | 0.11% | 0.06% | |
| NEE | D | 0.82% | 0.84% | 0.82% | |
| NFLX | A | 1.28% | 1.3% | 1.28% | |
| NOC | D | 0.6% | 0.6% | 0.6% | |
| NOW | A | 0.5% | 0.55% | 0.5% | |
| NRG | B | 0.09% | 0.11% | 0.09% | |
| NSC | B | 0.11% | 0.38% | 0.11% | |
| NUE | C | 0.36% | 0.2% | 0.2% | |
| NVDA | C | 7.37% | 7.39% | 7.37% | |
| ORCL | B | 0.04% | 0.05% | 0.04% | |
| OXY | D | 0.15% | 0.19% | 0.15% | |
| PCAR | B | 0.37% | 0.52% | 0.37% | |
| PEGA | A | 0.02% | 0.1% | 0.02% | |
| PEP | F | 0.19% | 0.05% | 0.05% | |
| PFE | D | 0.41% | 0.42% | 0.41% | |
| PG | A | 0.8% | 0.72% | 0.72% | |
| PGR | A | 0.67% | 0.74% | 0.67% | |
| PLTK | B | 0.07% | 0.04% | 0.04% | |
| PM | B | 0.94% | 0.94% | 0.94% | |
| PPG | F | 0.34% | 0.3% | 0.3% | |
| PSA | D | 0.17% | 0.09% | 0.09% | |
| PYPL | B | 0.72% | 0.34% | 0.34% | |
| QCOM | F | 0.85% | 0.88% | 0.85% | |
| QRVO | F | 0.06% | 0.12% | 0.06% | |
| RSG | A | 0.23% | 0.24% | 0.23% | |
| RTX | C | 0.28% | 0.7% | 0.28% | |
| SCHW | B | 0.79% | 0.8% | 0.79% | |
| SEIC | B | 0.54% | 0.3% | 0.3% | |
| SKYW | B | 0.31% | 0.23% | 0.23% | |
| SPG | B | 0.44% | 0.59% | 0.44% | |
| SPGI | C | 0.21% | 0.31% | 0.21% | |
| SQ | B | 0.6% | 0.58% | 0.58% | |
| SSNC | B | 0.18% | 0.38% | 0.18% | |
| SYK | C | 0.24% | 0.03% | 0.03% | |
| T | A | 0.71% | 0.73% | 0.71% | |
| TDC | D | 0.35% | 0.37% | 0.35% | |
| TJX | A | 0.72% | 0.59% | 0.59% | |
| TMO | F | 0.38% | 0.33% | 0.33% | |
| TMUS | B | 0.28% | 0.31% | 0.28% | |
| TROW | B | 0.28% | 0.31% | 0.28% | |
| TRV | B | 0.26% | 0.43% | 0.26% | |
| TSLA | B | 1.27% | 1.31% | 1.27% | |
| TT | A | 0.68% | 0.52% | 0.52% | |
| TWLO | A | 0.09% | 0.13% | 0.09% | |
| TXT | D | 0.5% | 0.52% | 0.5% | |
| UBER | D | 0.24% | 0.14% | 0.14% | |
| UNH | C | 0.57% | 0.57% | 0.57% | |
| UNM | A | 0.1% | 0.12% | 0.1% | |
| UNP | C | 0.75% | 0.76% | 0.75% | |
| V | A | 0.65% | 0.82% | 0.65% | |
| VEEV | C | 0.04% | 0.08% | 0.04% | |
| VST | B | 0.14% | 0.12% | 0.12% | |
| WFC | A | 0.28% | 0.1% | 0.1% | |
| WM | A | 0.41% | 0.32% | 0.32% | |
| WMT | A | 0.82% | 1.14% | 0.82% | |
| XOM | B | 1.56% | 1.56% | 1.56% | |
| ZBRA | B | 0.52% | 0.06% | 0.06% | |
| ZM | B | 0.53% | 0.51% | 0.51% |
FBUF Underweight 24 Positions Relative to FELC
| Symbol | Grade | Weight | |
|---|---|---|---|
| MS | A | -0.31% | |
| CCL | B | -0.26% | |
| WDAY | B | -0.16% | |
| GS | A | -0.15% | |
| WTW | B | -0.14% | |
| BKNG | A | -0.13% | |
| PNC | B | -0.12% | |
| BLD | D | -0.11% | |
| SOLV | C | -0.09% | |
| MKL | A | -0.08% | |
| FR | C | -0.08% | |
| MCK | B | -0.06% | |
| DHI | D | -0.06% | |
| STLD | B | -0.06% | |
| VZ | C | -0.06% | |
| AXTA | A | -0.05% | |
| SCCO | F | -0.05% | |
| ROST | C | -0.04% | |
| GEHC | F | -0.04% | |
| SWKS | F | -0.03% | |
| A | D | -0.03% | |
| GPN | B | -0.02% | |
| WBD | C | -0.01% | |
| AES | F | -0.01% |
FBUF: Top Represented Industries & Keywords
Industries:
Software - Application
Drug Manufacturers - Major
Semiconductors
Aerospace & Defense
Apparel Stores
Banks - Global
Biotechnology
Capital Markets
Credit Services
Diversified Industrials
Software - Infrastructure
Telecom Services
Asset Management
Communication Equipment
Diagnostics & Research
Health Care Plans
Household & Personal Products
Insurance - Property & Casualty
Internet Content & Information
Oil & Gas E&P
FELC: Top Represented Industries & Keywords
Industries:
Software - Application
Drug Manufacturers - Major
Capital Markets
Semiconductors
Apparel Stores
Telecom Services
Aerospace & Defense
Banks - Global
Credit Services
Diagnostics & Research
Software - Infrastructure
Asset Management
Biotechnology
Business Services
Communication Equipment
Health Care Plans
Household & Personal Products
Insurance - Property & Casualty
Insurance Brokers
Internet Content & Information
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