FBUF vs. QQMG ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Invesco ESG NASDAQ 100 ETF (QQMG)

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

QQMG

Invesco ESG NASDAQ 100 ETF

QQMG Description

Invesco ESG NASDAQ 100 ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. It invests in the public equity markets across the globe. The fund invests in the stocks of companies operating across communication services, consumer discretionary, consumer staples, energy, health care, industrials, information technology, materials, real estate, utilities sectors. It invests in growth and value stocks of large cap companies. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It replicates the performance of the Nasdaq-100 ESG Index, by using full replication technique. The fund does not invest in companies related to arctic oil and gas exploration, cannabis development or cultivation, controversial weapons, military weapon manufacturing, oil sands extraction, riot protection equipment and riot control weapon manufacturing, shale energy exploration or production, assault weapons and small arms manufacturing and tobacco product manufacturing. It employs external research to create its portfolio. Invesco ESG NASDAQ 100 ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.66

Average Daily Volume

13,731

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	QQMG
30 Days	3.10%	3.19%
60 Days	4.70%	4.71%
90 Days	6.08%	4.79%
12 Months		30.98%

33 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in QQMG	Overlap
AAPL	C	7.34%	10.05%	7.34%
ADBE	C	0.94%	1.86%	0.94%
ADP	B	0.26%	0.97%	0.26%
AMAT	F	0.67%	1.29%	0.67%
AMGN	D	0.25%	0.84%	0.25%
AMZN	C	3.84%	2.82%	2.82%
AVGO	D	1.62%	5.22%	1.62%
BIIB	F	0.21%	0.14%	0.14%
CMCSA	B	0.84%	0.93%	0.84%
COST	B	0.3%	1.81%	0.3%
CSCO	B	0.8%	2.02%	0.8%
CSX	B	0.49%	0.41%	0.41%
CTAS	B	0.65%	0.64%	0.64%
DASH	A	0.11%	0.39%	0.11%
FTNT	C	0.2%	0.54%	0.2%
GILD	C	0.74%	0.65%	0.65%
GOOG	C	1.89%	1.87%	1.87%
GOOGL	C	2.04%	1.95%	1.95%
IDXX	F	0.15%	0.26%	0.15%
INTU	C	0.12%	1.41%	0.12%
KLAC	D	0.61%	0.64%	0.61%
LRCX	F	0.24%	0.82%	0.24%
META	D	2.89%	1.75%	1.75%
MSFT	F	5.66%	9.95%	5.66%
MU	D	0.5%	0.75%	0.5%
NFLX	A	1.28%	2.88%	1.28%
NVDA	C	7.37%	11.5%	7.37%
PCAR	B	0.37%	0.29%	0.29%
PEP	F	0.19%	1.34%	0.19%
PYPL	B	0.72%	0.66%	0.66%
QCOM	F	0.85%	1.57%	0.85%
TMUS	B	0.28%	1.33%	0.28%
TSLA	B	1.27%	3.12%	1.27%

FBUF Overweight 122 Positions Relative to QQMG

Symbol	Grade	Weight
BRK.A	B	2.2%
JPM	A	1.93%
XOM	B	1.56%
MA	C	1.36%
HD	A	1.32%
BAC	A	1.18%
CRM	B	1.16%
MRK	F	0.96%
PM	B	0.94%
ABBV	D	0.91%
WMT	A	0.82%
NEE	D	0.82%
PG	A	0.8%
SCHW	B	0.79%
LLY	F	0.76%
UNP	C	0.75%
BMY	B	0.74%
JNJ	D	0.73%
TJX	A	0.72%
C	A	0.72%
T	A	0.71%
LMT	D	0.71%
TT	A	0.68%
PGR	A	0.67%
V	A	0.65%
DIS	B	0.65%
ECL	D	0.63%
CI	F	0.63%
ABT	B	0.63%
SQ	B	0.6%
NOC	D	0.6%
BDX	F	0.58%
UNH	C	0.57%
CL	D	0.55%
SEIC	B	0.54%
MMC	B	0.53%
ZM	B	0.53%
CAT	B	0.53%
DBX	B	0.52%
ZBRA	B	0.52%
CVNA	B	0.52%
DVN	F	0.52%
NOW	A	0.5%
TXT	D	0.5%
GE	D	0.48%
EOG	A	0.48%
CMG	B	0.47%
IGT	F	0.46%
CME	A	0.44%
SPG	B	0.44%
GRMN	B	0.44%
MSI	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
WM	A	0.41%
PFE	D	0.41%
TMO	F	0.38%
HWM	A	0.38%
ALLE	D	0.38%
NUE	C	0.36%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
PPG	F	0.34%
INCY	C	0.34%
F	C	0.33%
LDOS	C	0.31%
SKYW	B	0.31%
CAH	B	0.31%
RTX	C	0.28%
MEDP	D	0.28%
TROW	B	0.28%
WFC	A	0.28%
TRV	B	0.26%
MSCI	C	0.26%
UBER	D	0.24%
SYK	C	0.24%
CVS	D	0.23%
RSG	A	0.23%
MGM	D	0.23%
AMT	D	0.21%
LHX	C	0.21%
SPGI	C	0.21%
GAP	C	0.21%
MMM	D	0.19%
TPH	D	0.18%
SSNC	B	0.18%
CACI	D	0.17%
PSA	D	0.17%
LNW	D	0.16%
BBWI	D	0.16%
OXY	D	0.15%
VST	B	0.14%
CLX	B	0.14%
ITW	B	0.14%
GL	B	0.13%
GEN	B	0.13%
KR	B	0.12%
BK	A	0.12%
AON	A	0.12%
NSC	B	0.11%
LPLA	A	0.11%
UNM	A	0.1%
ED	D	0.1%
AME	A	0.09%
TWLO	A	0.09%
NRG	B	0.09%
DOCU	A	0.09%
LYFT	C	0.08%
CINF	A	0.07%
PLTK	B	0.07%
CRUS	D	0.07%
QRVO	F	0.06%
NBIX	C	0.06%
ANET	C	0.06%
ORCL	B	0.04%
VEEV	C	0.04%
TNL	A	0.04%
UTHR	C	0.04%
TOL	B	0.02%
CVX	A	0.02%
PEGA	A	0.02%

FBUF Underweight 59 Positions Relative to QQMG

Symbol	Grade	Weight
LIN	D	-2.05%
AMD	F	-1.91%
ISRG	A	-1.25%
BKNG	A	-1.24%
TXN	C	-1.1%
PANW	C	-1.08%
INTC	D	-0.85%
VRTX	F	-0.8%
CDNS	B	-0.75%
SNPS	B	-0.68%
SBUX	A	-0.65%
ORLY	B	-0.64%
ASML	F	-0.63%
REGN	F	-0.62%
MRVL	B	-0.61%
CRWD	B	-0.57%
MELI	D	-0.55%
ADSK	A	-0.52%
MDLZ	F	-0.51%
MAR	B	-0.5%
CPRT	A	-0.43%
WDAY	B	-0.4%
ROP	B	-0.39%
NXPI	D	-0.38%
PAYX	C	-0.38%
EA	A	-0.37%
ROST	C	-0.35%
ODFL	B	-0.35%
VRSK	A	-0.31%
CCEP	C	-0.3%
TTD	B	-0.3%
LULU	C	-0.3%
DDOG	A	-0.3%
ABNB	C	-0.3%
CTSH	B	-0.3%
CHTR	C	-0.29%
TEAM	A	-0.28%
PDD	F	-0.28%
EXC	C	-0.27%
TTWO	A	-0.25%
CDW	F	-0.25%
ANSS	B	-0.24%
FAST	B	-0.23%
AZN	D	-0.23%
ZS	C	-0.23%
KDP	D	-0.22%
ON	D	-0.18%
GFS	C	-0.18%
DXCM	D	-0.18%
CSGP	D	-0.18%
WBD	C	-0.16%
MDB	C	-0.15%
ILMN	D	-0.14%
MCHP	D	-0.12%
MNST	C	-0.12%
GEHC	F	-0.12%
KHC	F	-0.1%
MRNA	F	-0.1%
SMCI	F	-0.08%