FBUF vs. RSPE ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Invesco ESG S&P 500 Equal Weigh (RSPE)

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

RSPE

Invesco ESG S&P 500 Equal Weigh

RSPE Description

Invesco ESG S&P 500 Equal Weigh is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the S&P 500 Equal Weight ESG Leaders Select Index, by using full replication technique. Invesco ESG S&P 500 Equal Weight ETF was formed on November 17, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$28.04

Average Daily Volume

6,663

Number of Holdings ^*

181

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	RSPE
30 Days	3.10%	2.26%
60 Days	4.70%	3.28%
90 Days	6.08%	5.42%
12 Months		27.12%

55 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in RSPE	Overlap
AAPL	C	7.34%	0.55%	0.55%
ABBV	D	0.91%	0.46%	0.46%
ABT	B	0.63%	0.54%	0.54%
ADBE	C	0.94%	0.46%	0.46%
ADP	B	0.26%	0.57%	0.26%
AMAT	F	0.67%	0.49%	0.49%
AMGN	D	0.25%	0.45%	0.25%
BAC	A	1.18%	0.64%	0.64%
BDX	F	0.58%	0.51%	0.51%
BIIB	F	0.21%	0.42%	0.21%
BK	A	0.12%	0.62%	0.12%
C	A	0.72%	0.64%	0.64%
CAT	B	0.53%	0.61%	0.53%
CI	F	0.63%	0.48%	0.48%
CL	D	0.55%	0.48%	0.48%
CMCSA	B	0.84%	0.59%	0.59%
CRM	B	1.16%	0.69%	0.69%
CSCO	B	0.8%	0.62%	0.62%
CSX	B	0.49%	0.56%	0.49%
CVS	D	0.23%	0.53%	0.23%
DIS	B	0.65%	0.69%	0.65%
ECL	D	0.63%	0.53%	0.53%
ED	D	0.1%	0.5%	0.1%
GILD	C	0.74%	0.59%	0.59%
GL	B	0.13%	0.58%	0.13%
GOOG	C	1.89%	0.28%	0.28%
GOOGL	C	2.04%	0.34%	0.34%
HD	A	1.32%	0.59%	0.59%
ITW	B	0.14%	0.59%	0.14%
KLAC	D	0.61%	0.45%	0.45%
LRCX	F	0.24%	0.49%	0.24%
MA	C	1.36%	0.57%	0.57%
MRK	F	0.96%	0.45%	0.45%
MSCI	C	0.26%	0.56%	0.26%
MSFT	F	5.66%	0.52%	0.52%
MU	D	0.5%	0.57%	0.5%
NOW	A	0.5%	0.61%	0.5%
NSC	B	0.11%	0.55%	0.11%
NVDA	C	7.37%	0.64%	0.64%
PCAR	B	0.37%	0.63%	0.37%
PEP	F	0.19%	0.48%	0.19%
PG	A	0.8%	0.53%	0.53%
PPG	F	0.34%	0.53%	0.34%
PYPL	B	0.72%	0.65%	0.65%
QCOM	F	0.85%	0.53%	0.53%
RSG	A	0.23%	0.55%	0.23%
SPGI	C	0.21%	0.52%	0.21%
T	A	0.71%	0.57%	0.57%
TJX	A	0.72%	0.54%	0.54%
TT	A	0.68%	0.62%	0.62%
UNH	C	0.57%	0.54%	0.54%
UNP	C	0.75%	0.51%	0.51%
V	A	0.65%	0.59%	0.59%
WM	A	0.41%	0.56%	0.41%
WMT	A	0.82%	0.57%	0.57%

FBUF Overweight 100 Positions Relative to RSPE

Symbol	Grade	Weight
AMZN	C	3.84%
META	D	2.89%
BRK.A	B	2.2%
JPM	A	1.93%
AVGO	D	1.62%
XOM	B	1.56%
NFLX	A	1.28%
TSLA	B	1.27%
PM	B	0.94%
NEE	D	0.82%
SCHW	B	0.79%
LLY	F	0.76%
BMY	B	0.74%
JNJ	D	0.73%
LMT	D	0.71%
PGR	A	0.67%
CTAS	B	0.65%
SQ	B	0.6%
NOC	D	0.6%
SEIC	B	0.54%
MMC	B	0.53%
ZM	B	0.53%
DBX	B	0.52%
ZBRA	B	0.52%
CVNA	B	0.52%
DVN	F	0.52%
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%
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%
INCY	C	0.34%
F	C	0.33%
LDOS	C	0.31%
SKYW	B	0.31%
CAH	B	0.31%
COST	B	0.3%
RTX	C	0.28%
TMUS	B	0.28%
MEDP	D	0.28%
TROW	B	0.28%
WFC	A	0.28%
TRV	B	0.26%
UBER	D	0.24%
SYK	C	0.24%
MGM	D	0.23%
AMT	D	0.21%
LHX	C	0.21%
GAP	C	0.21%
FTNT	C	0.2%
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%
IDXX	F	0.15%
VST	B	0.14%
CLX	B	0.14%
GEN	B	0.13%
KR	B	0.12%
INTU	C	0.12%
AON	A	0.12%
DASH	A	0.11%
LPLA	A	0.11%
UNM	A	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 126 Positions Relative to RSPE

Symbol	Grade	Weight
CCL	B	-0.79%
RCL	A	-0.77%
NCLH	B	-0.75%
MS	A	-0.74%
HPE	B	-0.7%
EMR	A	-0.69%
DAY	B	-0.69%
MTB	A	-0.69%
NTRS	A	-0.67%
HBAN	A	-0.67%
GM	B	-0.67%
INTC	D	-0.67%
MAR	B	-0.66%
CMI	A	-0.66%
PNR	A	-0.65%
GWW	B	-0.64%
RF	A	-0.64%
AIZ	A	-0.63%
HLT	A	-0.63%
URI	B	-0.63%
JCI	C	-0.63%
APD	A	-0.63%
RL	B	-0.63%
DLR	B	-0.62%
ALB	C	-0.62%
STT	A	-0.62%
DECK	A	-0.62%
ADSK	A	-0.62%
PANW	C	-0.61%
IR	B	-0.61%
CBRE	B	-0.61%
FITB	A	-0.61%
HUBB	B	-0.61%
SRE	A	-0.61%
MET	A	-0.6%
PRU	A	-0.6%
HPQ	B	-0.6%
LOW	D	-0.59%
CHRW	C	-0.59%
NDAQ	A	-0.59%
ROK	B	-0.59%
ALL	A	-0.58%
JBHT	C	-0.58%
WAT	B	-0.58%
PFG	D	-0.58%
OTIS	C	-0.58%
BSX	B	-0.58%
DOV	A	-0.58%
FIS	C	-0.57%
AIG	B	-0.57%
PARA	C	-0.57%
TGT	F	-0.57%
WELL	A	-0.57%
KIM	A	-0.57%
DE	A	-0.56%
AFL	B	-0.56%
EQIX	A	-0.56%
DGX	A	-0.56%
FCX	D	-0.56%
SBUX	A	-0.55%
KEYS	A	-0.55%
DVA	B	-0.55%
BXP	D	-0.55%
EW	C	-0.55%
VRSK	A	-0.55%
HST	C	-0.55%
HIG	B	-0.55%
MOS	F	-0.55%
WY	D	-0.54%
CTSH	B	-0.54%
ACN	C	-0.54%
CARR	D	-0.54%
TSCO	D	-0.54%
K	A	-0.54%
EBAY	D	-0.54%
WDC	D	-0.54%
ICE	C	-0.53%
WBA	F	-0.53%
IBM	C	-0.53%
EXC	C	-0.53%
EIX	B	-0.53%
YUM	B	-0.53%
FRT	B	-0.52%
MDT	D	-0.52%
LIN	D	-0.52%
CBOE	B	-0.52%
VTR	C	-0.52%
MCO	B	-0.52%
NKE	D	-0.51%
AWK	D	-0.5%
BALL	D	-0.5%
DOC	D	-0.5%
ON	D	-0.5%
XYL	D	-0.5%
BBY	D	-0.49%
ES	D	-0.49%
HAS	D	-0.49%
A	D	-0.49%
JNPR	F	-0.49%
AKAM	D	-0.48%
ADM	D	-0.48%
MKC	D	-0.48%
ARE	D	-0.47%
DHI	D	-0.47%
DOW	F	-0.47%
PLD	D	-0.47%
KHC	F	-0.47%
LYB	F	-0.47%
CPB	D	-0.47%
SWK	D	-0.47%
IPG	D	-0.47%
HSY	F	-0.46%
GIS	D	-0.46%
MDLZ	F	-0.46%
NEM	D	-0.45%
BAX	D	-0.45%
NWSA	B	-0.45%
DHR	F	-0.45%
HUM	C	-0.44%
CNC	D	-0.43%
APTV	D	-0.43%
EL	F	-0.41%
ELV	F	-0.4%
REGN	F	-0.36%
MRNA	F	-0.27%
NWS	B	-0.15%