FBUF vs. PBUS ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Invesco PureBeta MSCI USA ETF (PBUS)
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
PBUS

Invesco PureBeta MSCI USA ETF

PBUS Description The investment seeks to track the investment results (before fees and expenses) of the MSCI USA Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the U.S. equity market.

Grade (RS Rating)

Last Trade

$59.94

Average Daily Volume

175,980

Number of Holdings *

584

* may have additional holdings in another (foreign) market
Performance
Period FBUF PBUS
30 Days 3.10% 3.61%
60 Days 4.70% 5.14%
90 Days 6.08% 6.91%
12 Months 33.43%
134 Overlapping Holdings
Symbol Grade Weight in FBUF Weight in PBUS Overlap
AAPL C 7.34% 6.43% 6.43%
ABBV D 0.91% 0.57% 0.57%
ABT B 0.63% 0.39% 0.39%
ADBE C 0.94% 0.43% 0.43%
ADP B 0.26% 0.24% 0.24%
ALLE D 0.38% 0.02% 0.02%
AMAT F 0.67% 0.27% 0.27%
AME A 0.09% 0.09% 0.09%
AMGN D 0.25% 0.3% 0.25%
AMT D 0.21% 0.18% 0.18%
AMZN C 3.84% 3.66% 3.66%
ANET C 0.06% 0.2% 0.06%
AON A 0.12% 0.14% 0.12%
AVGO D 1.62% 1.39% 1.39%
AXP A 0.43% 0.32% 0.32%
BAC A 1.18% 0.62% 0.62%
BBWI D 0.16% 0.01% 0.01%
BDX F 0.58% 0.12% 0.12%
BIIB F 0.21% 0.04% 0.04%
BK A 0.12% 0.11% 0.11%
BMY B 0.74% 0.23% 0.23%
BRK.A B 2.2% 1.2% 1.2%
C A 0.72% 0.25% 0.25%
CAH B 0.31% 0.06% 0.06%
CAT B 0.53% 0.36% 0.36%
CI F 0.63% 0.18% 0.18%
CINF A 0.07% 0.05% 0.05%
CL D 0.55% 0.14% 0.14%
CLX B 0.14% 0.04% 0.04%
CMCSA B 0.84% 0.32% 0.32%
CME A 0.44% 0.16% 0.16%
CMG B 0.47% 0.16% 0.16%
COST B 0.3% 0.79% 0.3%
CRM B 1.16% 0.61% 0.61%
CSCO B 0.8% 0.45% 0.45%
CSX B 0.49% 0.13% 0.13%
CTAS B 0.65% 0.15% 0.15%
CVS D 0.23% 0.14% 0.14%
CVX A 0.02% 0.54% 0.02%
DASH A 0.11% 0.1% 0.1%
DIS B 0.65% 0.4% 0.4%
DOCU A 0.09% 0.03% 0.03%
DVN F 0.52% 0.05% 0.05%
ECL D 0.63% 0.12% 0.12%
ED D 0.1% 0.06% 0.06%
EOG A 0.48% 0.15% 0.15%
F C 0.33% 0.08% 0.08%
FTNT C 0.2% 0.12% 0.12%
GE D 0.48% 0.37% 0.37%
GEN B 0.13% 0.03% 0.03%
GILD C 0.74% 0.21% 0.21%
GOOG C 1.89% 1.73% 1.73%
GOOGL C 2.04% 1.99% 1.99%
GRMN B 0.44% 0.06% 0.06%
HD A 1.32% 0.76% 0.76%
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% 0.35% 0.12%
ITW B 0.14% 0.15% 0.14%
JNJ D 0.73% 0.71% 0.71%
JPM A 1.93% 1.33% 1.33%
KLAC D 0.61% 0.16% 0.16%
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% 1.17% 0.76%
LMT D 0.71% 0.22% 0.22%
LPLA A 0.11% 0.05% 0.05%
LRCX F 0.24% 0.18% 0.18%
MA C 1.36% 0.82% 0.82%
META D 2.89% 2.39% 2.39%
MGM D 0.23% 0.02% 0.02%
MMC B 0.53% 0.21% 0.21%
MMM D 0.19% 0.14% 0.14%
MRK F 0.96% 0.48% 0.48%
MSCI C 0.26% 0.09% 0.09%
MSFT F 5.66% 5.65% 5.65%
MSI B 0.43% 0.16% 0.16%
MU D 0.5% 0.21% 0.21%
NBIX C 0.06% 0.02% 0.02%
NEE D 0.82% 0.3% 0.3%
NFLX A 1.28% 0.73% 0.73%
NOC D 0.6% 0.13% 0.13%
NOW A 0.5% 0.4% 0.4%
NRG B 0.09% 0.04% 0.04%
NSC B 0.11% 0.11% 0.11%
NUE C 0.36% 0.07% 0.07%
NVDA C 7.37% 6.92% 6.92%
ORCL B 0.04% 0.61% 0.04%
OXY D 0.15% 0.07% 0.07%
PCAR B 0.37% 0.11% 0.11%
PEP F 0.19% 0.42% 0.19%
PFE D 0.41% 0.27% 0.27%
PG A 0.8% 0.78% 0.78%
PGR A 0.67% 0.29% 0.29%
PM B 0.94% 0.39% 0.39%
PPG F 0.34% 0.06% 0.06%
PSA D 0.17% 0.1% 0.1%
PYPL B 0.72% 0.16% 0.16%
QCOM F 0.85% 0.33% 0.33%
QRVO F 0.06% 0.01% 0.01%
RSG A 0.23% 0.09% 0.09%
RTX C 0.28% 0.31% 0.28%
SCHW B 0.79% 0.23% 0.23%
SEIC B 0.54% 0.02% 0.02%
SPG B 0.44% 0.11% 0.11%
SPGI C 0.21% 0.31% 0.21%
SQ B 0.6% 0.1% 0.1%
SSNC B 0.18% 0.03% 0.03%
SYK C 0.24% 0.26% 0.24%
T A 0.71% 0.32% 0.32%
TJX A 0.72% 0.26% 0.26%
TMO F 0.38% 0.38% 0.38%
TMUS B 0.28% 0.24% 0.24%
TROW B 0.28% 0.05% 0.05%
TRV B 0.26% 0.11% 0.11%
TSLA B 1.27% 1.89% 1.27%
TT A 0.68% 0.18% 0.18%
TWLO A 0.09% 0.03% 0.03%
TXT D 0.5% 0.03% 0.03%
UBER D 0.24% 0.25% 0.24%
UNH C 0.57% 1.07% 0.57%
UNP C 0.75% 0.27% 0.27%
UTHR C 0.04% 0.03% 0.03%
V A 0.65% 0.93% 0.65%
VEEV C 0.04% 0.06% 0.04%
VST B 0.14% 0.1% 0.1%
WFC A 0.28% 0.49% 0.28%
WM A 0.41% 0.17% 0.17%
WMT A 0.82% 0.74% 0.74%
XOM B 1.56% 1.04% 1.04%
ZBRA B 0.52% 0.04% 0.04%
ZM B 0.53% 0.04% 0.04%
FBUF Overweight 21 Positions Relative to PBUS
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 450 Positions Relative to PBUS
Symbol Grade Weight
KO D -0.5%
AMD F -0.43%
ACN C -0.43%
LIN D -0.42%
MCD D -0.4%
IBM C -0.38%
ISRG A -0.37%
GS A -0.36%
TXN C -0.35%
VZ C -0.34%
BKNG A -0.33%
MS A -0.31%
DHR F -0.3%
LOW D -0.29%
BLK C -0.29%
ETN A -0.28%
HON B -0.28%
BSX B -0.26%
FI A -0.25%
BX A -0.25%
COP C -0.25%
PLTR B -0.24%
PANW C -0.24%
VRTX F -0.22%
MDT D -0.21%
CB C -0.21%
SBUX A -0.21%
INTC D -0.2%
ADI D -0.2%
DE A -0.2%
PLD D -0.2%
BA F -0.2%
SO D -0.19%
UPS C -0.19%
ELV F -0.18%
GEV B -0.18%
KKR A -0.18%
MO A -0.18%
MDLZ F -0.17%
MELI D -0.17%
DUK C -0.17%
EQIX A -0.17%
NKE D -0.17%
ICE C -0.17%
PH A -0.17%
SHW A -0.17%
PNC B -0.16%
MCK B -0.16%
CRWD B -0.16%
WELL A -0.16%
SNPS B -0.16%
CDNS B -0.16%
APH A -0.16%
MRVL B -0.15%
MCO B -0.15%
USB A -0.15%
ZTS D -0.15%
REGN F -0.15%
ORLY B -0.14%
WMB A -0.14%
APD A -0.14%
EMR A -0.14%
MSTR C -0.14%
TDG D -0.14%
CEG D -0.14%
APO B -0.13%
GD F -0.13%
HCA F -0.13%
ADSK A -0.13%
OKE A -0.13%
APP B -0.13%
FDX B -0.13%
MAR B -0.13%
COF B -0.13%
ABNB C -0.12%
DLR B -0.12%
COIN C -0.12%
CARR D -0.12%
TFC A -0.12%
SLB C -0.12%
HLT A -0.12%
GM B -0.12%
FCX D -0.12%
AJG B -0.12%
URI B -0.11%
WDAY B -0.11%
TTD B -0.11%
PSX C -0.11%
KMI A -0.11%
JCI C -0.11%
AMP A -0.11%
NXPI D -0.11%
MPC D -0.11%
TGT F -0.11%
RCL A -0.11%
SRE A -0.11%
ROP B -0.11%
FICO B -0.11%
AFL B -0.11%
CMI A -0.1%
NEM D -0.1%
AIG B -0.1%
O D -0.1%
MET A -0.1%
LNG B -0.1%
AZO C -0.1%
AEP D -0.1%
GWW B -0.1%
ALL A -0.1%
PRU A -0.09%
BKR B -0.09%
PEG A -0.09%
CCI D -0.09%
KVUE A -0.09%
PAYX C -0.09%
KMB D -0.09%
VLO C -0.09%
FAST B -0.09%
FLUT A -0.09%
ROST C -0.09%
CPRT A -0.09%
FIS C -0.09%
WCN A -0.09%
DHI D -0.09%
D C -0.09%
PWR A -0.09%
VRT B -0.09%
EXC C -0.08%
SNOW C -0.08%
TEAM A -0.08%
MNST C -0.08%
STZ D -0.08%
IT C -0.08%
VRSK A -0.08%
OTIS C -0.08%
LEN D -0.08%
CBRE B -0.08%
HES B -0.08%
CTVA C -0.08%
EW C -0.08%
IR B -0.08%
EA A -0.08%
ODFL B -0.08%
PCG A -0.08%
TRGP B -0.08%
DFS B -0.08%
COR B -0.08%
AXON A -0.08%
FANG D -0.07%
DD D -0.07%
WAB B -0.07%
NDAQ A -0.07%
KDP D -0.07%
EXR D -0.07%
HIG B -0.07%
MCHP D -0.07%
LULU C -0.07%
HUM C -0.07%
IQV D -0.07%
RMD C -0.07%
GIS D -0.07%
MTB A -0.07%
HPQ B -0.07%
ACGL D -0.07%
SYY B -0.07%
GEHC F -0.07%
MLM B -0.07%
VMC B -0.07%
CHTR C -0.07%
A D -0.07%
YUM B -0.07%
DELL C -0.07%
DDOG A -0.07%
CTSH B -0.07%
GLW B -0.07%
XEL A -0.07%
STT A -0.06%
KEYS A -0.06%
ON D -0.06%
TSCO D -0.06%
ANSS B -0.06%
SW A -0.06%
NET B -0.06%
GPN B -0.06%
XYL D -0.06%
DXCM D -0.06%
TPL A -0.06%
EBAY D -0.06%
DOW F -0.06%
EFX F -0.06%
TTWO A -0.06%
CSGP D -0.06%
WEC A -0.06%
FITB A -0.06%
CNC D -0.06%
ALNY D -0.06%
WTW B -0.06%
ROK B -0.06%
ARES A -0.06%
ETR B -0.06%
AVB B -0.06%
RJF A -0.06%
HUBS A -0.06%
EIX B -0.06%
VICI C -0.06%
IRM D -0.06%
SBAC D -0.05%
EME C -0.05%
CDW F -0.05%
RF A -0.05%
RBLX C -0.05%
AEE A -0.05%
HUBB B -0.05%
CPAY A -0.05%
DTE C -0.05%
CCL B -0.05%
PPL B -0.05%
HBAN A -0.05%
TYL B -0.05%
EQR B -0.05%
SYF B -0.05%
NTAP C -0.05%
HSY F -0.05%
VLTO D -0.05%
EQT B -0.05%
VTR C -0.05%
BR A -0.05%
MTD D -0.05%
ADM D -0.05%
FTV C -0.05%
BRO B -0.05%
MPWR F -0.05%
DECK A -0.05%
GDDY A -0.05%
AWK D -0.05%
PHM D -0.05%
CHD B -0.05%
DOV A -0.05%
HPE B -0.05%
NVR D -0.05%
HAL C -0.05%
KHC F -0.05%
MAA B -0.04%
HOLX D -0.04%
ZS C -0.04%
PODD C -0.04%
RS B -0.04%
WSO A -0.04%
LVS C -0.04%
FSLR F -0.04%
BALL D -0.04%
BAH F -0.04%
WRB A -0.04%
HOOD B -0.04%
TRU D -0.04%
IP B -0.04%
DRI B -0.04%
MKC D -0.04%
DKNG B -0.04%
ESS B -0.04%
STX D -0.04%
OMC C -0.04%
LH C -0.04%
SNA A -0.04%
PFG D -0.04%
CNP B -0.04%
CSL C -0.04%
CTRA B -0.04%
LII A -0.04%
INVH D -0.04%
CMS C -0.04%
WDC D -0.04%
MDB C -0.04%
BLDR D -0.04%
STE F -0.04%
CFG B -0.04%
ILMN D -0.04%
LYB F -0.04%
MKL A -0.04%
STLD B -0.04%
ES D -0.04%
WAT B -0.04%
ATO A -0.04%
CBOE B -0.04%
TDY B -0.04%
NTRS A -0.04%
FCNCA A -0.04%
K A -0.04%
LYV A -0.04%
PTC A -0.04%
PKG A -0.04%
WY D -0.04%
ZBH C -0.04%
IFF D -0.04%
WST C -0.04%
WSM B -0.04%
FE C -0.04%
WBD C -0.04%
EXPE B -0.04%
DLTR F -0.03%
REG B -0.03%
AKAM D -0.03%
SWKS F -0.03%
GLPI C -0.03%
AVTR F -0.03%
SMCI F -0.03%
POOL C -0.03%
UDR B -0.03%
EPAM C -0.03%
RVTY F -0.03%
NDSN B -0.03%
ROL B -0.03%
APTV D -0.03%
JBL B -0.03%
DT C -0.03%
FFIV B -0.03%
JBHT C -0.03%
ENTG D -0.03%
EVRG A -0.03%
ACM A -0.03%
AMCR D -0.03%
GGG B -0.03%
DOC D -0.03%
DPZ C -0.03%
EL F -0.03%
EQH B -0.03%
TOST B -0.03%
PSTG D -0.03%
FNF B -0.03%
TW A -0.03%
VTRS A -0.03%
AVY D -0.03%
HEI B -0.03%
LNT A -0.03%
SUI D -0.03%
L A -0.03%
ALGN D -0.03%
EG C -0.03%
DG F -0.03%
TER D -0.03%
ULTA F -0.03%
ARE D -0.03%
MRO B -0.03%
CF B -0.03%
OC A -0.03%
VRSN F -0.03%
BAX D -0.03%
NI A -0.03%
IEX B -0.03%
EXPD D -0.03%
GPC D -0.03%
MAS D -0.03%
KIM A -0.03%
J F -0.03%
MANH D -0.03%
TRMB B -0.03%
PNR A -0.03%
PINS D -0.03%
RPM A -0.03%
BURL A -0.03%
MOH F -0.03%
DGX A -0.03%
KEY B -0.03%
BBY D -0.03%
FDS B -0.03%
TSN B -0.03%
CE F -0.02%
MOS F -0.02%
CHRD D -0.02%
APA D -0.02%
CPB D -0.02%
CRBG B -0.02%
TTC D -0.02%
AOS F -0.02%
TFX F -0.02%
ENPH F -0.02%
ROKU D -0.02%
DVA B -0.02%
HRL D -0.02%
KNX B -0.02%
WYNN D -0.02%
CRL C -0.02%
AES F -0.02%
FBIN D -0.02%
HSIC B -0.02%
ALLY C -0.02%
EXAS D -0.02%
MKTX D -0.02%
SOLV C -0.02%
RPRX D -0.02%
CNH C -0.02%
AFG A -0.02%
WTRG B -0.02%
LKQ D -0.02%
DAL C -0.02%
CTLT B -0.02%
TECH D -0.02%
FOXA B -0.02%
IOT A -0.02%
CCK C -0.02%
IPG D -0.02%
PAYC B -0.02%
LW C -0.02%
AIZ A -0.02%
NWSA B -0.02%
SNAP C -0.02%
ERIE D -0.02%
TAP C -0.02%
JNPR F -0.02%
DKS C -0.02%
BMRN D -0.02%
BXP D -0.02%
SJM D -0.02%
KMX B -0.02%
EMN D -0.02%
HEI B -0.02%
Z A -0.02%
OKTA C -0.02%
UHS D -0.02%
CG A -0.02%
DAY B -0.02%
MRNA F -0.02%
AMH D -0.02%
HST C -0.02%
WPC D -0.02%
ELS C -0.02%
OVV B -0.02%
JKHY D -0.02%
CHRW C -0.02%
BG F -0.02%
CPT B -0.02%
ALB C -0.02%
CAG D -0.02%
SWK D -0.02%
CELH F -0.01%
LUV C -0.01%
WLK D -0.01%
UHAL D -0.01%
WBA F -0.01%
FOX A -0.01%
PARA C -0.01%
BEN C -0.01%
H B -0.01%
DINO D -0.01%
BIO D -0.01%
ACI C -0.01%
RIVN F -0.01%
HII D -0.01%
BSY D -0.01%
MTCH D -0.01%
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