FBUF vs. SATO ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Invesco Alerian Galaxy Crypto Economy ETF (SATO)
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
SATO

Invesco Alerian Galaxy Crypto Economy ETF

SATO Description Invesco Alerian Galaxy Crypto Economy ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund invests in public equity markets of global region. It invests directly and through other funds in stocks of companies operating across digital asset companies, which are companies that are materially engaged in cyrptocurrency, cryptocurrency mining, cryptocurrency buying, or enabling technologies sectors. The fund was formed on October 7, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$23.66

Average Daily Volume

5,582

Number of Holdings *

25

* may have additional holdings in another (foreign) market
Performance
Period FBUF SATO
30 Days 3.10% 39.26%
60 Days 4.70% 58.57%
90 Days 6.08% 50.02%
12 Months 172.07%
9 Overlapping Holdings
Symbol Grade Weight in FBUF Weight in SATO Overlap
GOOGL C 2.04% 0.65% 0.65%
JPM A 1.93% 0.68% 0.68%
MSFT F 5.66% 0.62% 0.62%
MU D 0.5% 0.57% 0.5%
NVDA C 7.37% 0.65% 0.65%
PYPL B 0.72% 0.65% 0.65%
SQ B 0.6% 0.72% 0.6%
TSLA B 1.27% 0.79% 0.79%
V A 0.65% 0.67% 0.65%
FBUF Overweight 146 Positions Relative to SATO
Symbol Grade Weight
AAPL C 7.34%
AMZN C 3.84%
META D 2.89%
BRK.A B 2.2%
GOOG C 1.89%
AVGO D 1.62%
XOM B 1.56%
MA C 1.36%
HD A 1.32%
NFLX A 1.28%
BAC A 1.18%
CRM B 1.16%
MRK F 0.96%
PM B 0.94%
ADBE C 0.94%
ABBV D 0.91%
QCOM F 0.85%
CMCSA B 0.84%
WMT A 0.82%
NEE D 0.82%
CSCO B 0.8%
PG A 0.8%
SCHW B 0.79%
LLY F 0.76%
UNP C 0.75%
BMY B 0.74%
GILD C 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%
AMAT F 0.67%
CTAS B 0.65%
DIS B 0.65%
ECL D 0.63%
CI F 0.63%
ABT B 0.63%
KLAC D 0.61%
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%
CSX B 0.49%
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%
PCAR B 0.37%
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%
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%
ADP B 0.26%
MSCI C 0.26%
AMGN D 0.25%
UBER D 0.24%
SYK C 0.24%
LRCX F 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%
BIIB F 0.21%
FTNT C 0.2%
PEP F 0.19%
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%
ITW B 0.14%
GL B 0.13%
GEN B 0.13%
KR B 0.12%
BK A 0.12%
INTU C 0.12%
AON A 0.12%
NSC B 0.11%
DASH A 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 16 Positions Relative to SATO
Symbol Grade Weight
MSTR C -4.11%
WULF C -4.07%
CIFR B -4.03%
COIN C -3.91%
CLSK C -3.72%
CAN C -3.62%
RIOT C -3.53%
BTBT C -3.41%
IREN C -3.24%
MARA C -3.14%
APLD A -2.29%
SOFI A -0.93%
HOOD B -0.76%
GS A -0.71%
TSM B -0.61%
AMD F -0.51%
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