FBUF vs. IVV ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to iShares Core S&P 500 ETF (IVV)
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
IVV

iShares Core S&P 500 ETF

IVV Description The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P 500® (the "underlying index"), which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$598.45

Average Daily Volume

4,277,239

Number of Holdings *

502

* may have additional holdings in another (foreign) market
Performance
Period FBUF IVV
30 Days 3.10% 3.04%
60 Days 4.70% 4.56%
90 Days 6.08% 6.29%
12 Months 32.78%
123 Overlapping Holdings
Symbol Grade Weight in FBUF Weight in IVV Overlap
AAPL C 7.34% 6.88% 6.88%
ABBV D 0.91% 0.59% 0.59%
ABT B 0.63% 0.41% 0.41%
ADBE C 0.94% 0.45% 0.45%
ADP B 0.26% 0.24% 0.24%
ALLE D 0.38% 0.02% 0.02%
AMAT F 0.67% 0.28% 0.28%
AME A 0.09% 0.09% 0.09%
AMGN D 0.25% 0.31% 0.25%
AMT D 0.21% 0.18% 0.18%
AMZN C 3.84% 3.81% 3.81%
ANET C 0.06% 0.19% 0.06%
AON A 0.12% 0.17% 0.12%
AVGO D 1.62% 1.54% 1.54%
AXP A 0.43% 0.32% 0.32%
BAC A 1.18% 0.63% 0.63%
BDX F 0.58% 0.13% 0.13%
BIIB F 0.21% 0.05% 0.05%
BK A 0.12% 0.12% 0.12%
BMY B 0.74% 0.23% 0.23%
BRK.A B 2.2% 1.73% 1.73%
C A 0.72% 0.26% 0.26%
CAH B 0.31% 0.06% 0.06%
CAT B 0.53% 0.37% 0.37%
CI F 0.63% 0.18% 0.18%
CINF A 0.07% 0.05% 0.05%
CL D 0.55% 0.15% 0.15%
CLX B 0.14% 0.04% 0.04%
CMCSA B 0.84% 0.33% 0.33%
CME A 0.44% 0.16% 0.16%
CMG B 0.47% 0.16% 0.16%
COST B 0.3% 0.81% 0.3%
CRM B 1.16% 0.63% 0.63%
CSCO B 0.8% 0.47% 0.47%
CSX B 0.49% 0.14% 0.14%
CTAS B 0.65% 0.15% 0.15%
CVS D 0.23% 0.13% 0.13%
CVX A 0.02% 0.55% 0.02%
DIS B 0.65% 0.42% 0.42%
DVN F 0.52% 0.05% 0.05%
ECL D 0.63% 0.12% 0.12%
ED D 0.1% 0.07% 0.07%
EOG A 0.48% 0.15% 0.15%
F C 0.33% 0.09% 0.09%
FTNT C 0.2% 0.12% 0.12%
GE D 0.48% 0.39% 0.39%
GEN B 0.13% 0.03% 0.03%
GILD C 0.74% 0.22% 0.22%
GL B 0.13% 0.02% 0.02%
GOOG C 1.89% 1.68% 1.68%
GOOGL C 2.04% 2.03% 2.03%
GRMN B 0.44% 0.06% 0.06%
HD A 1.32% 0.81% 0.81%
HWM A 0.38% 0.09% 0.09%
IDXX F 0.15% 0.07% 0.07%
INCY C 0.34% 0.02% 0.02%
INTU C 0.12% 0.39% 0.12%
ITW B 0.14% 0.15% 0.14%
JNJ D 0.73% 0.75% 0.73%
JPM A 1.93% 1.4% 1.4%
KLAC D 0.61% 0.17% 0.17%
KR B 0.12% 0.08% 0.08%
LDOS C 0.31% 0.04% 0.04%
LHX C 0.21% 0.09% 0.09%
LLY F 0.76% 1.18% 0.76%
LMT D 0.71% 0.23% 0.23%
LRCX F 0.24% 0.18% 0.18%
MA C 1.36% 0.87% 0.87%
META D 2.89% 2.43% 2.43%
MGM D 0.23% 0.02% 0.02%
MMC B 0.53% 0.22% 0.22%
MMM D 0.19% 0.14% 0.14%
MRK F 0.96% 0.49% 0.49%
MSCI C 0.26% 0.09% 0.09%
MSFT F 5.66% 6.2% 5.66%
MSI B 0.43% 0.16% 0.16%
MU D 0.5% 0.21% 0.21%
NEE D 0.82% 0.32% 0.32%
NFLX A 1.28% 0.71% 0.71%
NOC D 0.6% 0.14% 0.14%
NOW A 0.5% 0.42% 0.42%
NRG B 0.09% 0.04% 0.04%
NSC B 0.11% 0.12% 0.11%
NUE C 0.36% 0.07% 0.07%
NVDA C 7.37% 7.02% 7.02%
ORCL B 0.04% 0.59% 0.04%
OXY D 0.15% 0.07% 0.07%
PCAR B 0.37% 0.12% 0.12%
PEP F 0.19% 0.44% 0.19%
PFE D 0.41% 0.28% 0.28%
PG A 0.8% 0.8% 0.8%
PGR A 0.67% 0.3% 0.3%
PM B 0.94% 0.4% 0.4%
PPG F 0.34% 0.06% 0.06%
PSA D 0.17% 0.11% 0.11%
PYPL B 0.72% 0.18% 0.18%
QCOM F 0.85% 0.36% 0.36%
QRVO F 0.06% 0.01% 0.01%
RSG A 0.23% 0.09% 0.09%
RTX C 0.28% 0.32% 0.28%
SCHW B 0.79% 0.24% 0.24%
SPG B 0.44% 0.11% 0.11%
SPGI C 0.21% 0.32% 0.21%
SYK C 0.24% 0.27% 0.24%
T A 0.71% 0.33% 0.33%
TJX A 0.72% 0.27% 0.27%
TMO F 0.38% 0.39% 0.38%
TMUS B 0.28% 0.23% 0.23%
TROW B 0.28% 0.05% 0.05%
TRV B 0.26% 0.12% 0.12%
TSLA B 1.27% 1.79% 1.27%
TT A 0.68% 0.18% 0.18%
TXT D 0.5% 0.03% 0.03%
UBER D 0.24% 0.31% 0.24%
UNH C 0.57% 1.1% 0.57%
UNP C 0.75% 0.29% 0.29%
V A 0.65% 1.04% 0.65%
VST B 0.14% 0.1% 0.1%
WFC A 0.28% 0.51% 0.28%
WM A 0.41% 0.16% 0.16%
WMT A 0.82% 0.74% 0.74%
XOM B 1.56% 1.07% 1.07%
ZBRA B 0.52% 0.04% 0.04%
FBUF Overweight 32 Positions Relative to IVV
Symbol Grade Weight
SQ B 0.6%
SEIC B 0.54%
ZM B 0.53%
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%
SSNC B 0.18%
CACI D 0.17%
LNW D 0.16%
BBWI D 0.16%
DASH A 0.11%
LPLA A 0.11%
UNM A 0.1%
TWLO A 0.09%
DOCU A 0.09%
LYFT C 0.08%
PLTK B 0.07%
CRUS D 0.07%
NBIX C 0.06%
VEEV C 0.04%
TNL A 0.04%
UTHR C 0.04%
TOL B 0.02%
PEGA A 0.02%
FBUF Underweight 379 Positions Relative to IVV
Symbol Grade Weight
KO D -0.48%
ACN C -0.45%
AMD F -0.44%
LIN D -0.43%
MCD D -0.42%
ISRG A -0.38%
GS A -0.38%
IBM C -0.38%
TXN C -0.37%
VZ C -0.35%
BKNG A -0.34%
MS A -0.34%
LOW D -0.31%
DHR F -0.3%
HON B -0.3%
ETN A -0.29%
BLK C -0.29%
PLTR B -0.27%
BSX B -0.26%
COP C -0.26%
BX A -0.26%
PANW C -0.25%
VRTX F -0.24%
FI A -0.24%
MDT D -0.23%
CB C -0.22%
SBUX A -0.22%
DE A -0.21%
ADI D -0.21%
BA F -0.21%
INTC D -0.21%
PLD D -0.21%
UPS C -0.2%
KKR A -0.2%
NKE D -0.19%
ELV F -0.19%
MO A -0.19%
SO D -0.19%
SHW A -0.18%
ICE C -0.18%
PH A -0.18%
GEV B -0.18%
PNC B -0.17%
APH A -0.17%
EQIX A -0.17%
MDLZ F -0.17%
DUK C -0.17%
CRWD B -0.16%
USB A -0.16%
MCK B -0.16%
WELL A -0.16%
CDNS B -0.16%
ZTS D -0.16%
SNPS B -0.16%
REGN F -0.16%
EMR A -0.15%
MCO B -0.15%
GD F -0.15%
WMB A -0.14%
CEG D -0.14%
TDG D -0.14%
TGT F -0.14%
ORLY B -0.14%
APD A -0.14%
COF B -0.14%
TFC A -0.13%
CARR D -0.13%
HCA F -0.13%
GM B -0.13%
OKE A -0.13%
ADSK A -0.13%
AJG B -0.13%
MAR B -0.13%
FDX B -0.13%
ABNB C -0.12%
SRE A -0.12%
ROP B -0.12%
HLT A -0.12%
SLB C -0.12%
FCX D -0.12%
GWW B -0.11%
KMI A -0.11%
MPC D -0.11%
AZO C -0.11%
PSX C -0.11%
RCL A -0.11%
AMP A -0.11%
NXPI D -0.11%
DLR B -0.11%
FICO B -0.11%
URI B -0.11%
AFL B -0.11%
JCI C -0.11%
DHI D -0.1%
PWR A -0.1%
FIS C -0.1%
D C -0.1%
AIG B -0.1%
MET A -0.1%
O D -0.1%
CMI A -0.1%
CPRT A -0.1%
AEP D -0.1%
ALL A -0.1%
BKR B -0.09%
TRGP B -0.09%
AXON A -0.09%
DFS B -0.09%
PEG A -0.09%
VLO C -0.09%
PCG A -0.09%
TEL B -0.09%
CCI D -0.09%
KMB D -0.09%
PRU A -0.09%
KVUE A -0.09%
PAYX C -0.09%
FAST B -0.09%
ROST C -0.09%
NEM D -0.09%
GEHC F -0.08%
YUM B -0.08%
CHTR C -0.08%
DELL C -0.08%
ACGL D -0.08%
CTSH B -0.08%
CTVA C -0.08%
XEL A -0.08%
EA A -0.08%
EXC C -0.08%
CBRE B -0.08%
OTIS C -0.08%
VRSK A -0.08%
HES B -0.08%
IT C -0.08%
ODFL B -0.08%
LEN D -0.08%
EW C -0.08%
DAL C -0.08%
IR B -0.08%
COR B -0.08%
ROK B -0.07%
AVB B -0.07%
NDAQ A -0.07%
FANG D -0.07%
VICI C -0.07%
HUM C -0.07%
IQV D -0.07%
IRM D -0.07%
MCHP D -0.07%
DD D -0.07%
WAB B -0.07%
RMD C -0.07%
HIG B -0.07%
EXR D -0.07%
GIS D -0.07%
MLM B -0.07%
KDP D -0.07%
GLW B -0.07%
MTB A -0.07%
HPQ B -0.07%
MNST C -0.07%
LULU C -0.07%
SYY B -0.07%
VMC B -0.07%
A D -0.07%
STZ D -0.07%
HPE B -0.06%
KHC F -0.06%
DOV A -0.06%
ON D -0.06%
NVR D -0.06%
MPWR F -0.06%
STT A -0.06%
TTWO A -0.06%
ANSS B -0.06%
CSGP D -0.06%
GPN B -0.06%
XYL D -0.06%
TSCO D -0.06%
RJF A -0.06%
UAL A -0.06%
EBAY D -0.06%
CNC D -0.06%
DXCM D -0.06%
EFX F -0.06%
DOW F -0.06%
WEC A -0.06%
WTW B -0.06%
FITB A -0.06%
ETR B -0.06%
EIX B -0.06%
ATO A -0.05%
WY D -0.05%
EXPE B -0.05%
WST C -0.05%
PTC A -0.05%
ZBH C -0.05%
HUBB B -0.05%
CDW F -0.05%
SBAC D -0.05%
NTAP C -0.05%
RF A -0.05%
AEE A -0.05%
CCL B -0.05%
DTE C -0.05%
PPL B -0.05%
MTD D -0.05%
EQR B -0.05%
CPAY A -0.05%
HSY F -0.05%
VLTO D -0.05%
EQT B -0.05%
TYL B -0.05%
SW A -0.05%
ADM D -0.05%
SYF B -0.05%
HBAN A -0.05%
GDDY A -0.05%
BRO B -0.05%
KEYS A -0.05%
AWK D -0.05%
FTV C -0.05%
HAL C -0.05%
VTR C -0.05%
BR A -0.05%
CHD B -0.05%
PHM D -0.05%
DECK A -0.05%
ULTA F -0.04%
J F -0.04%
PNR A -0.04%
KEY B -0.04%
DGX A -0.04%
BBY D -0.04%
PODD C -0.04%
HOLX D -0.04%
WRB A -0.04%
TSN B -0.04%
FDS B -0.04%
PFG D -0.04%
MAA B -0.04%
BALL D -0.04%
MKC D -0.04%
SNA A -0.04%
CTRA B -0.04%
OMC C -0.04%
INVH D -0.04%
ESS B -0.04%
LUV C -0.04%
LH C -0.04%
DRI B -0.04%
COO D -0.04%
IP B -0.04%
STLD B -0.04%
CNP B -0.04%
LYV A -0.04%
STX D -0.04%
CMS C -0.04%
FSLR F -0.04%
WDC D -0.04%
BLDR D -0.04%
WBD C -0.04%
CFG B -0.04%
CBOE B -0.04%
PKG A -0.04%
WAT B -0.04%
FE C -0.04%
LYB F -0.04%
K A -0.04%
NTRS A -0.04%
STE F -0.04%
TDY B -0.04%
IFF D -0.04%
ES D -0.04%
MRNA F -0.03%
JKHY D -0.03%
CPT B -0.03%
CAG D -0.03%
BG F -0.03%
CHRW C -0.03%
DLTR F -0.03%
SWK D -0.03%
TPR B -0.03%
AKAM D -0.03%
UDR B -0.03%
SWKS F -0.03%
EPAM C -0.03%
RVTY F -0.03%
POOL C -0.03%
NDSN B -0.03%
FFIV B -0.03%
ROL B -0.03%
APTV D -0.03%
JBL B -0.03%
EVRG A -0.03%
JBHT C -0.03%
DOC D -0.03%
AMCR D -0.03%
EL F -0.03%
DPZ C -0.03%
VRSN F -0.03%
L A -0.03%
VTRS A -0.03%
LNT A -0.03%
ALGN D -0.03%
CF B -0.03%
AVY D -0.03%
MRO B -0.03%
EG C -0.03%
BAX D -0.03%
NI A -0.03%
ARE D -0.03%
DG F -0.03%
TER D -0.03%
KIM A -0.03%
LVS C -0.03%
EXPD D -0.03%
GPC D -0.03%
MAS D -0.03%
MOH F -0.03%
TRMB B -0.03%
IEX B -0.03%
HII D -0.02%
BWA D -0.02%
MTCH D -0.02%
IVZ B -0.02%
CZR F -0.02%
ENPH F -0.02%
CE F -0.02%
HAS D -0.02%
APA D -0.02%
RL B -0.02%
MOS F -0.02%
WYNN D -0.02%
HRL D -0.02%
CPB D -0.02%
FRT B -0.02%
AOS F -0.02%
HSIC B -0.02%
TFX F -0.02%
SOLV C -0.02%
SMCI F -0.02%
CRL C -0.02%
MKTX D -0.02%
AES F -0.02%
LKQ D -0.02%
ERIE D -0.02%
IPG D -0.02%
FOXA B -0.02%
PNW B -0.02%
TECH D -0.02%
CTLT B -0.02%
PAYC B -0.02%
NWSA B -0.02%
LW C -0.02%
GNRC B -0.02%
TAP C -0.02%
AIZ A -0.02%
SJM D -0.02%
BXP D -0.02%
NCLH B -0.02%
DAY B -0.02%
EMN D -0.02%
UHS D -0.02%
REG B -0.02%
JNPR F -0.02%
HST C -0.02%
ALB C -0.02%
KMX B -0.02%
AMTM D -0.01%
NWS B -0.01%
FOX A -0.01%
WBA F -0.01%
PARA C -0.01%
BEN C -0.01%
FMC D -0.01%
MHK D -0.01%
DVA B -0.01%
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