FBUF vs. SNPV ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Xtrackers S&P ESG Value ETF (SNPV)

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

$27.14

Average Daily Volume

3,480

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

SNPV

Xtrackers S&P ESG Value ETF

SNPV Description

The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index. The underlying index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance ("ESG") performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P 500 Value Index. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.85

Average Daily Volume

1,033

Number of Holdings ^*

272

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	SNPV
30 Days	2.51%	0.71%
60 Days	5.65%	4.16%
90 Days	7.03%	6.46%
12 Months		25.70%

71 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in SNPV	Overlap
ABBV	F	0.93%	1.55%	0.93%
ABT	C	0.62%	1.39%	0.62%
ADP	A	0.26%	0.52%	0.26%
ALLE	D	0.15%	0.05%	0.05%
AME	A	0.09%	0.16%	0.09%
AMGN	F	0.26%	1.2%	0.26%
AMT	F	0.2%	0.38%	0.2%
AON	B	0.12%	0.27%	0.12%
AXP	B	0.43%	0.34%	0.34%
BAC	A	1.14%	2.1%	1.14%
BDX	F	0.59%	0.45%	0.45%
BIIB	F	0.22%	0.18%	0.18%
BK	B	0.12%	0.39%	0.12%
BMY	B	0.79%	0.77%	0.77%
C	B	0.71%	0.9%	0.71%
CAH	B	0.48%	0.2%	0.2%
CAT	B	0.53%	0.59%	0.53%
CI	D	0.65%	0.63%	0.63%
CL	F	0.52%	0.32%	0.32%
CMCSA	B	0.85%	1.19%	0.85%
CME	B	0.43%	0.35%	0.35%
CSCO	A	0.81%	1.63%	0.81%
CSX	B	0.59%	0.24%	0.24%
CTAS	B	0.67%	0.24%	0.24%
CVS	F	0.21%	0.5%	0.21%
CVX	A	0.02%	1.84%	0.02%
DIS	B	0.35%	1.25%	0.35%
DVN	F	0.51%	0.17%	0.17%
ECL	C	0.62%	0.22%	0.22%
ED	D	0.1%	0.24%	0.1%
ETN	B	0.16%	0.39%	0.16%
GE	D	0.49%	0.77%	0.49%
GILD	B	0.78%	0.85%	0.78%
GL	B	0.13%	0.07%	0.07%
HD	B	1.28%	1.73%	1.28%
INCY	B	0.35%	0.1%	0.1%
ITW	B	0.14%	0.29%	0.14%
JPM	A	1.87%	4.68%	1.87%
KR	A	0.12%	0.28%	0.12%
MA	B	1.36%	0.83%	0.83%
MGM	D	0.23%	0.02%	0.02%
MRK	F	0.76%	1.07%	0.76%
MSCI	B	0.26%	0.13%	0.13%
MSI	B	0.43%	0.23%	0.23%
MU	D	0.69%	0.87%	0.69%
NEE	D	0.79%	1.07%	0.79%
NSC	B	0.09%	0.42%	0.09%
OXY	F	0.14%	0.24%	0.14%
PCAR	B	0.39%	0.11%	0.11%
PEP	D	0.19%	1.0%	0.19%
PG	C	0.77%	1.63%	0.77%
PPG	F	0.33%	0.21%	0.21%
PSA	D	0.16%	0.2%	0.16%
PYPL	A	0.73%	0.58%	0.58%
QCOM	F	0.83%	0.64%	0.64%
RSG	B	0.23%	0.12%	0.12%
SCHW	B	0.74%	0.76%	0.74%
SPGI	C	0.38%	0.62%	0.38%
SYK	A	0.23%	0.31%	0.23%
T	A	0.68%	1.1%	0.68%
TMO	F	0.4%	0.91%	0.4%
TMUS	A	0.09%	0.78%	0.09%
TROW	A	0.28%	0.18%	0.18%
TRV	B	0.25%	0.4%	0.25%
TT	B	0.67%	0.19%	0.19%
UNH	B	0.59%	2.41%	0.59%
UNP	D	0.75%	0.56%	0.56%
V	A	0.63%	1.21%	0.63%
WM	A	0.42%	0.3%	0.3%
WMT	A	0.81%	2.53%	0.81%
WTW	A	0.11%	0.23%	0.11%

FBUF Overweight 84 Positions Relative to SNPV

Symbol	Grade	Weight
NVDA	A	7.69%
AAPL	C	7.13%
MSFT	C	5.68%
AMZN	A	3.92%
META	B	3.01%
BRK.A	B	2.14%
GOOGL	C	2.08%
GOOG	C	1.93%
AVGO	C	1.89%
XOM	B	1.54%
NFLX	A	1.24%
CRM	B	1.22%
TSLA	B	1.18%
ADBE	C	0.98%
PM	B	0.87%
LLY	F	0.85%
LMT	D	0.74%
AMAT	F	0.72%
JNJ	D	0.71%
TJX	A	0.71%
PGR	A	0.68%
KLAC	F	0.65%
NOC	D	0.65%
SQ	B	0.61%
ZM	B	0.59%
EXEL	B	0.55%
SEIC	A	0.55%
ZBRA	B	0.54%
DBX	B	0.54%
TXT	D	0.52%
CVNA	B	0.52%
MMC	D	0.52%
NOW	A	0.51%
IGT	F	0.49%
CMG	B	0.48%
GRMN	A	0.45%
SPG	A	0.43%
PFE	F	0.43%
HWM	B	0.42%
ANF	C	0.42%
SSNC	C	0.38%
LDOS	C	0.38%
NUE	D	0.37%
TDC	F	0.35%
MEDP	D	0.33%
F	C	0.32%
UBER	F	0.32%
SKYW	B	0.31%
COST	B	0.3%
EOG	A	0.29%
RTX	D	0.28%
LRCX	F	0.25%
VZ	D	0.23%
LHX	B	0.22%
CACI	C	0.21%
GAP	B	0.21%
MMM	C	0.19%
ALRM	C	0.19%
TPH	C	0.18%
LNW	F	0.17%
CRUS	F	0.16%
BBWI	C	0.16%
GEN	B	0.14%
VST	B	0.13%
CLX	A	0.13%
DASH	A	0.11%
LPLA	A	0.11%
DOCU	B	0.1%
IDXX	F	0.1%
LYFT	B	0.09%
NRG	C	0.09%
TWLO	B	0.09%
UNM	A	0.09%
ANET	C	0.07%
NBIX	C	0.07%
CINF	A	0.07%
PLTK	B	0.07%
QRVO	F	0.06%
UTHR	B	0.05%
ORCL	A	0.04%
TNL	A	0.04%
VEEV	B	0.04%
TOL	B	0.02%
PEGA	B	0.02%

FBUF Underweight 201 Positions Relative to SNPV

Symbol	Grade	Weight
GS	B	-1.28%
MS	A	-1.12%
DHR	F	-1.09%
LOW	B	-1.06%
KO	F	-1.05%
MCD	C	-0.83%
MDT	D	-0.79%
INTC	C	-0.78%
PLD	D	-0.74%
LIN	D	-0.74%
CB	C	-0.73%
ACN	B	-0.72%
UPS	C	-0.69%
ELV	F	-0.69%
ICE	C	-0.62%
PNC	B	-0.56%
WELL	B	-0.55%
USB	B	-0.53%
EMR	A	-0.5%
COF	B	-0.49%
TGT	C	-0.48%
APD	B	-0.48%
SLB	C	-0.43%
TFC	B	-0.43%
GM	B	-0.43%
BSX	A	-0.4%
FI	A	-0.4%
JCI	A	-0.39%
SRE	B	-0.39%
AFL	C	-0.38%
PSX	C	-0.37%
KMI	B	-0.36%
MDLZ	F	-0.36%
NEM	F	-0.36%
NKE	F	-0.36%
ALL	B	-0.35%
CMI	A	-0.34%
AIG	B	-0.34%
FIS	B	-0.33%
ADI	D	-0.33%
MET	C	-0.33%
DE	D	-0.32%
EQIX	B	-0.32%
SBUX	B	-0.31%
PRU	B	-0.31%
VLO	C	-0.31%
COR	B	-0.3%
BKR	B	-0.3%
SHW	A	-0.3%
CTVA	C	-0.29%
WMB	B	-0.29%
A	F	-0.29%
PEG	C	-0.29%
CBRE	B	-0.28%
EXC	C	-0.27%
SYY	D	-0.27%
MCO	C	-0.27%
HPQ	B	-0.26%
SPYV	A	-0.26%
MTB	A	-0.25%
EXR	D	-0.25%
GIS	F	-0.25%
BX	A	-0.25%
KDP	C	-0.25%
HUM	D	-0.24%
WAB	B	-0.24%
HIG	C	-0.24%
REGN	F	-0.24%
ZTS	D	-0.24%
FCX	F	-0.24%
DOW	F	-0.24%
DLR	C	-0.23%
CARR	C	-0.23%
NDAQ	B	-0.23%
AVB	B	-0.23%
CNC	F	-0.23%
AJG	A	-0.22%
ETR	B	-0.22%
EIX	C	-0.22%
ADSK	B	-0.22%
FITB	A	-0.22%
XYL	F	-0.21%
EBAY	C	-0.21%
GPN	B	-0.2%
HPE	B	-0.2%
RJF	A	-0.2%
KHC	F	-0.2%
STT	B	-0.2%
KEYS	C	-0.2%
PAYX	B	-0.2%
HAL	C	-0.19%
SW	B	-0.19%
VTR	C	-0.19%
DOV	A	-0.19%
SYF	B	-0.18%
EW	F	-0.18%
HBAN	A	-0.18%
EQR	C	-0.17%
IQV	F	-0.17%
OTIS	D	-0.17%
ADM	F	-0.17%
AMP	A	-0.17%
AWK	D	-0.17%
K	A	-0.16%
RF	A	-0.16%
MPC	D	-0.16%
LYB	F	-0.16%
EQT	B	-0.16%
OKE	A	-0.16%
WDC	D	-0.16%
IFF	F	-0.16%
WY	F	-0.16%
FSLR	F	-0.15%
ES	D	-0.15%
DFS	B	-0.14%
MTD	F	-0.14%
OMC	A	-0.14%
MKC	D	-0.14%
YUM	B	-0.14%
CFG	B	-0.14%
NTRS	A	-0.14%
IEX	B	-0.13%
DGX	B	-0.13%
PH	A	-0.13%
PFG	C	-0.13%
BALL	D	-0.13%
BAX	F	-0.13%
VOOV	A	-0.12%
ARE	F	-0.12%
KEY	B	-0.12%
KIM	A	-0.12%
IRM	D	-0.12%
MRNA	F	-0.12%
VRSK	A	-0.12%
TSCO	D	-0.12%
BBY	C	-0.12%
NTAP	D	-0.11%
DOC	C	-0.11%
TTWO	A	-0.11%
HSY	F	-0.11%
EL	F	-0.11%
ROK	B	-0.11%
TSN	B	-0.11%
DAL	A	-0.11%
ON	F	-0.11%
PWR	B	-0.1%
AMCR	D	-0.1%
NXPI	F	-0.1%
RVTY	C	-0.1%
SWK	F	-0.1%
JBHT	C	-0.1%
APTV	F	-0.1%
CHRW	A	-0.09%
GWW	B	-0.09%
JKHY	C	-0.09%
UDR	C	-0.09%
CAG	F	-0.09%
HUBB	C	-0.09%
STX	D	-0.09%
WAT	B	-0.09%
SBAC	D	-0.09%
BR	A	-0.08%
IPG	F	-0.08%
TPR	A	-0.08%
ALB	C	-0.08%
BXP	D	-0.08%
REG	A	-0.08%
SJM	F	-0.08%
TAP	B	-0.07%
AIZ	A	-0.07%
CTLT	D	-0.07%
MKTX	C	-0.07%
NWSA	B	-0.07%
CRL	C	-0.07%
HRL	F	-0.06%
IVZ	B	-0.06%
AKAM	F	-0.06%
CPB	F	-0.06%
FRT	B	-0.06%
HAS	D	-0.06%
FDS	A	-0.06%
IR	A	-0.06%
LVS	C	-0.05%
PARA	B	-0.05%
CBOE	D	-0.05%
FMC	F	-0.05%
CCL	B	-0.05%
MHK	D	-0.05%
MAS	D	-0.05%
BWA	B	-0.05%
HST	D	-0.04%
PNR	A	-0.04%
DAY	B	-0.04%
BEN	C	-0.04%
ULTA	C	-0.04%
WBA	D	-0.04%
NWS	B	-0.03%
LW	B	-0.03%
DVA	C	-0.03%
RL	B	-0.03%
CZR	F	-0.03%