FBUF vs. OMFL ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Invesco Russell 1000 Dynamic Multifactor ETF (OMFL)

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

OMFL

Invesco Russell 1000 Dynamic Multifactor ETF

OMFL Description

The investment seeks to track the investment results (before fees and expenses) of the Russell 1000® Invesco Dynamic Multifactor Index. The fund generally will invest at least 80% of its total assets in the securities that comprise the underlying index. The underlying index is designed to select equity securities from within the Russell 1000® Index, which measures the performance of the 1,000 largest-capitalization companies in the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.97

Average Daily Volume

411,440

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	OMFL
30 Days	3.04%	3.29%
60 Days	4.57%	3.76%
90 Days	6.09%	6.03%
12 Months		16.38%

92 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in OMFL	Overlap
AAPL	B	7.34%	3.69%	3.69%
ABBV	D	0.91%	1.26%	0.91%
ABT	B	0.63%	0.09%	0.09%
ADBE	C	0.94%	0.62%	0.62%
ADP	B	0.26%	0.25%	0.25%
AMAT	F	0.67%	0.59%	0.59%
AME	A	0.09%	0.04%	0.04%
AMGN	D	0.25%	0.25%	0.25%
AMZN	C	3.84%	4.99%	3.84%
ANET	C	0.06%	0.6%	0.06%
AON	A	0.12%	0.03%	0.03%
AVGO	D	1.62%	3.36%	1.62%
AXP	A	0.43%	0.26%	0.26%
BRK.A	B	2.2%	5.28%	2.2%
CAH	B	0.31%	0.12%	0.12%
CAT	B	0.53%	0.95%	0.53%
CI	D	0.63%	0.14%	0.14%
CINF	A	0.07%	0.04%	0.04%
CL	D	0.55%	0.49%	0.49%
CMCSA	C	0.84%	0.08%	0.08%
CMG	B	0.47%	0.54%	0.47%
COST	B	0.3%	5.04%	0.3%
CRM	B	1.16%	0.99%	0.99%
CSCO	A	0.8%	0.26%	0.26%
CSX	B	0.49%	0.03%	0.03%
CTAS	B	0.65%	0.51%	0.51%
CVS	D	0.23%	0.04%	0.04%
CVX	B	0.02%	0.15%	0.02%
DIS	B	0.65%	0.06%	0.06%
ECL	D	0.63%	0.11%	0.11%
FTNT	C	0.2%	0.16%	0.16%
GE	D	0.48%	0.67%	0.48%
GOOG	C	1.89%	2.15%	1.89%
GOOGL	C	2.04%	2.4%	2.04%
GRMN	A	0.44%	0.32%	0.32%
HD	A	1.32%	1.26%	1.26%
HWM	B	0.38%	0.08%	0.08%
IDXX	F	0.15%	0.03%	0.03%
INTU	C	0.12%	1.2%	0.12%
ITW	A	0.14%	0.11%	0.11%
JNJ	D	0.73%	0.3%	0.3%
JPM	B	1.93%	0.17%	0.17%
KLAC	F	0.61%	0.41%	0.41%
KR	A	0.12%	0.06%	0.06%
LDOS	D	0.31%	0.07%	0.07%
LLY	F	0.76%	2.12%	0.76%
LMT	D	0.71%	0.11%	0.11%
LPLA	B	0.11%	0.07%	0.07%
LRCX	F	0.24%	0.33%	0.24%
MA	B	1.36%	2.36%	1.36%
MEDP	F	0.28%	0.03%	0.03%
META	D	2.89%	4.95%	2.89%
MMC	A	0.53%	0.55%	0.53%
MMM	D	0.19%	0.15%	0.15%
MRK	F	0.96%	0.67%	0.67%
MSCI	C	0.26%	0.06%	0.06%
MSFT	D	5.66%	4.33%	4.33%
MSI	C	0.43%	0.56%	0.43%
NBIX	C	0.06%	0.04%	0.04%
NEE	D	0.82%	0.13%	0.13%
NFLX	B	1.28%	0.42%	0.42%
NOW	B	0.5%	0.43%	0.43%
NRG	C	0.09%	0.06%	0.06%
NUE	D	0.36%	0.04%	0.04%
NVDA	C	7.37%	5.36%	5.36%
PCAR	B	0.37%	0.35%	0.35%
PEP	F	0.19%	0.14%	0.14%
PG	A	0.8%	1.22%	0.8%
PGR	A	0.67%	0.75%	0.67%
PM	B	0.94%	0.37%	0.37%
PSA	C	0.17%	0.08%	0.08%
PYPL	A	0.72%	0.05%	0.05%
QCOM	F	0.85%	0.83%	0.83%
RSG	A	0.23%	0.21%	0.21%
RTX	D	0.28%	0.16%	0.16%
SEIC	A	0.54%	0.03%	0.03%
SPGI	C	0.21%	0.12%	0.12%
SYK	C	0.24%	0.15%	0.15%
T	A	0.71%	0.12%	0.12%
TJX	A	0.72%	0.69%	0.69%
TMO	F	0.38%	0.1%	0.1%
TMUS	A	0.28%	0.33%	0.28%
TROW	A	0.28%	0.03%	0.03%
TT	B	0.68%	0.76%	0.68%
UNH	B	0.57%	1.14%	0.57%
UNP	C	0.75%	0.1%	0.1%
UTHR	C	0.04%	0.04%	0.04%
V	A	0.65%	3.22%	0.65%
VST	B	0.14%	0.23%	0.14%
WM	A	0.41%	0.36%	0.36%
WMT	B	0.82%	2.71%	0.82%
XOM	C	1.56%	0.78%	0.78%

FBUF Overweight 63 Positions Relative to OMFL

Symbol	Grade	Weight
TSLA	B	1.27%
BAC	A	1.18%
SCHW	A	0.79%
BMY	B	0.74%
GILD	B	0.74%
C	A	0.72%
SQ	B	0.6%
NOC	D	0.6%
BDX	F	0.58%
ZM	B	0.53%
DBX	C	0.52%
ZBRA	A	0.52%
CVNA	B	0.52%
DVN	F	0.52%
MU	D	0.5%
TXT	D	0.5%
EOG	C	0.48%
IGT	F	0.46%
CME	A	0.44%
SPG	C	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%
PPG	D	0.34%
INCY	C	0.34%
F	C	0.33%
SKYW	B	0.31%
WFC	A	0.28%
TRV	B	0.26%
UBER	D	0.24%
MGM	F	0.23%
AMT	D	0.21%
LHX	C	0.21%
GAP	C	0.21%
BIIB	F	0.21%
TPH	C	0.18%
SSNC	A	0.18%
CACI	D	0.17%
LNW	D	0.16%
BBWI	C	0.16%
OXY	F	0.15%
CLX	C	0.14%
GL	C	0.13%
GEN	A	0.13%
BK	A	0.12%
NSC	A	0.11%
DASH	A	0.11%
UNM	A	0.1%
ED	D	0.1%
TWLO	B	0.09%
DOCU	A	0.09%
LYFT	C	0.08%
PLTK	B	0.07%
CRUS	F	0.07%
QRVO	F	0.06%
ORCL	C	0.04%
VEEV	B	0.04%
TNL	A	0.04%
TOL	A	0.02%
PEGA	A	0.02%

FBUF Underweight 153 Positions Relative to OMFL

Symbol	Grade	Weight
BKNG	B	-1.37%
MCK	C	-0.95%
ETN	A	-0.83%
LIN	D	-0.58%
VRTX	D	-0.55%
REGN	F	-0.46%
SNPS	B	-0.44%
MCO	A	-0.42%
GWW	A	-0.41%
ISRG	C	-0.38%
GD	F	-0.34%
APH	B	-0.32%
ACN	B	-0.32%
SHW	A	-0.31%
MO	A	-0.31%
CMI	A	-0.29%
CDNS	B	-0.27%
ACGL	D	-0.27%
VZ	B	-0.27%
PAYX	B	-0.26%
IBM	C	-0.24%
FI	A	-0.24%
ELV	F	-0.24%
CBOE	B	-0.23%
EME	B	-0.23%
CB	D	-0.23%
FAST	B	-0.22%
BSX	C	-0.21%
FICO	B	-0.21%
HLT	A	-0.21%
KO	D	-0.21%
CASY	B	-0.19%
ODFL	B	-0.18%
TSCO	C	-0.18%
CARR	C	-0.18%
ORLY	B	-0.17%
IR	A	-0.17%
ADI	D	-0.16%
CPRT	A	-0.15%
BR	A	-0.15%
GEV	C	-0.15%
A	D	-0.15%
TXN	D	-0.14%
COR	C	-0.14%
PWR	A	-0.13%
DHR	D	-0.13%
AZO	C	-0.13%
VRSK	A	-0.13%
DHI	D	-0.13%
BLK	C	-0.13%
DUK	C	-0.12%
HLI	A	-0.12%
BRO	B	-0.12%
MLM	B	-0.11%
NVR	D	-0.11%
ITT	A	-0.11%
PANW	C	-0.11%
CSL	B	-0.11%
ROL	B	-0.11%
WSO	A	-0.1%
MAR	A	-0.1%
LEN	C	-0.1%
WAB	B	-0.1%
LII	A	-0.1%
CNM	D	-0.09%
BX	B	-0.09%
PEG	A	-0.09%
KEYS	B	-0.08%
SO	D	-0.08%
FIX	A	-0.08%
SNA	A	-0.08%
BRBR	B	-0.08%
MCD	D	-0.08%
TW	B	-0.08%
CR	B	-0.08%
ROST	C	-0.08%
HON	B	-0.08%
PHM	C	-0.08%
FDS	B	-0.07%
PKG	B	-0.07%
BAH	F	-0.07%
CNC	F	-0.07%
OTIS	C	-0.07%
HUM	C	-0.07%
NTAP	C	-0.07%
VMC	B	-0.07%
AAON	B	-0.07%
CHD	B	-0.07%
LOW	C	-0.07%
CW	B	-0.07%
JCI	C	-0.06%
EXP	B	-0.06%
HRB	D	-0.06%
SPOT	B	-0.06%
IT	C	-0.06%
OC	B	-0.06%
ALSN	B	-0.06%
SCCO	F	-0.06%
GEHC	F	-0.06%
URI	B	-0.06%
DE	B	-0.05%
COP	D	-0.05%
FDX	B	-0.05%
SSD	C	-0.05%
IFF	D	-0.05%
AYI	B	-0.05%
DPZ	C	-0.05%
FIS	D	-0.05%
EA	C	-0.05%
AFL	B	-0.05%
KNSL	B	-0.05%
DD	D	-0.05%
GDDY	B	-0.05%
MDT	D	-0.04%
CTSH	B	-0.04%
AWI	B	-0.04%
MPWR	F	-0.04%
PNR	B	-0.04%
MKL	A	-0.04%
APD	A	-0.04%
ATR	B	-0.04%
DECK	A	-0.04%
DOV	A	-0.04%
ROK	B	-0.04%
LOPE	B	-0.04%
AEP	D	-0.04%
J	F	-0.04%
MDLZ	F	-0.04%
AOS	D	-0.04%
EVR	B	-0.04%
EBAY	C	-0.04%
WMB	B	-0.04%
RPM	A	-0.04%
AMD	F	-0.04%
ADM	F	-0.04%
MAS	C	-0.04%
TXRH	A	-0.04%
WST	C	-0.04%
KMB	C	-0.04%
GNTX	C	-0.04%
MTD	F	-0.03%
ZTS	D	-0.03%
LECO	C	-0.03%
WSM	B	-0.03%
BJ	B	-0.03%
DCI	A	-0.03%
NEU	C	-0.03%
NYT	C	-0.03%
EG	C	-0.03%
CPAY	A	-0.03%
NKE	F	-0.03%
SRE	A	-0.03%
DLTR	D	-0.02%