FBUF vs. TDVG ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to T. Rowe Price Dividend Growth ETF (TDVG)

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

$27.56

Average Daily Volume

5,170

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

TDVG

T. Rowe Price Dividend Growth ETF

TDVG Description

The investment seeks dividend income and long-term capital growth. The fund normally invests at least 80% of the fund's assets in stocks that have a strong track record of paying dividends or are expected to pay dividends over time (even if not currently paying dividends) (or futures that have similar economic characteristics). It primarily invests in exchange-traded securities that trade synchronously with the fund's shares, cash, and cash equivalents. The fund may also invest inADRs and common stocks listed on a foreign exchange that trade on such exchange synchronously with the fund's shares (i.e., during the U.S. listing exchange's trading hours).

Grade (RS Rating)

Last Trade

$41.67

Average Daily Volume

108,599

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	TDVG
30 Days	3.04%	3.04%
60 Days	4.57%	2.21%
90 Days	6.09%	3.26%
12 Months		23.47%

43 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in TDVG	Overlap
AAPL	B	7.34%	4.93%	4.93%
ABBV	D	0.91%	1.01%	0.91%
ADP	B	0.26%	0.58%	0.26%
AMAT	F	0.67%	0.99%	0.67%
AME	A	0.09%	0.18%	0.09%
AMT	D	0.21%	0.85%	0.21%
AON	A	0.12%	0.38%	0.12%
AXP	A	0.43%	1.26%	0.43%
BAC	A	1.18%	1.22%	1.18%
BDX	F	0.58%	1.03%	0.58%
CI	D	0.63%	0.55%	0.55%
CL	D	0.55%	1.01%	0.55%
COST	B	0.3%	0.55%	0.3%
CSX	B	0.49%	0.58%	0.49%
EOG	C	0.48%	0.62%	0.48%
GE	D	0.48%	2.07%	0.48%
HD	A	1.32%	1.37%	1.32%
HWM	B	0.38%	1.24%	0.38%
ITW	A	0.14%	0.37%	0.14%
JNJ	D	0.73%	0.48%	0.48%
JPM	B	1.93%	2.07%	1.93%
KLAC	F	0.61%	1.45%	0.61%
LLY	F	0.76%	1.81%	0.76%
MMC	A	0.53%	1.72%	0.53%
MSFT	D	5.66%	6.0%	5.66%
NEE	D	0.82%	0.65%	0.65%
NOC	D	0.6%	0.96%	0.6%
PEP	F	0.19%	0.7%	0.19%
PGR	A	0.67%	1.09%	0.67%
PM	B	0.94%	0.74%	0.74%
QCOM	F	0.85%	0.49%	0.49%
SCHW	A	0.79%	0.93%	0.79%
SPGI	C	0.21%	0.58%	0.21%
SYK	C	0.24%	1.04%	0.24%
TMO	F	0.38%	1.64%	0.38%
TMUS	A	0.28%	1.09%	0.28%
TT	B	0.68%	0.74%	0.68%
UNH	B	0.57%	1.9%	0.57%
UNP	C	0.75%	0.97%	0.75%
V	A	0.65%	2.14%	0.65%
WFC	A	0.28%	0.57%	0.28%
WMT	B	0.82%	1.39%	0.82%
XOM	C	1.56%	1.31%	1.31%

FBUF Overweight 112 Positions Relative to TDVG

Symbol	Grade	Weight
NVDA	C	7.37%
AMZN	C	3.84%
META	D	2.89%
BRK.A	B	2.2%
GOOGL	C	2.04%
GOOG	C	1.89%
AVGO	D	1.62%
MA	B	1.36%
NFLX	B	1.28%
TSLA	B	1.27%
CRM	B	1.16%
MRK	F	0.96%
ADBE	C	0.94%
CMCSA	C	0.84%
CSCO	A	0.8%
PG	A	0.8%
BMY	B	0.74%
GILD	B	0.74%
PYPL	A	0.72%
TJX	A	0.72%
C	A	0.72%
T	A	0.71%
LMT	D	0.71%
CTAS	B	0.65%
DIS	B	0.65%
ECL	D	0.63%
ABT	B	0.63%
SQ	B	0.6%
SEIC	A	0.54%
ZM	B	0.53%
CAT	B	0.53%
DBX	C	0.52%
ZBRA	A	0.52%
CVNA	B	0.52%
DVN	F	0.52%
MU	D	0.5%
NOW	B	0.5%
TXT	D	0.5%
CMG	B	0.47%
IGT	F	0.46%
CME	A	0.44%
SPG	C	0.44%
GRMN	A	0.44%
MSI	C	0.43%
EXEL	A	0.43%
WM	A	0.41%
PFE	D	0.41%
ALLE	D	0.38%
PCAR	B	0.37%
NUE	D	0.36%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
PPG	D	0.34%
INCY	C	0.34%
F	C	0.33%
LDOS	D	0.31%
SKYW	B	0.31%
CAH	B	0.31%
RTX	D	0.28%
MEDP	F	0.28%
TROW	A	0.28%
TRV	B	0.26%
MSCI	C	0.26%
AMGN	D	0.25%
UBER	D	0.24%
LRCX	F	0.24%
CVS	D	0.23%
RSG	A	0.23%
MGM	F	0.23%
LHX	C	0.21%
GAP	C	0.21%
BIIB	F	0.21%
FTNT	C	0.2%
MMM	D	0.19%
TPH	C	0.18%
SSNC	A	0.18%
CACI	D	0.17%
PSA	C	0.17%
LNW	D	0.16%
BBWI	C	0.16%
OXY	F	0.15%
IDXX	F	0.15%
VST	B	0.14%
CLX	C	0.14%
GL	C	0.13%
GEN	A	0.13%
KR	A	0.12%
BK	A	0.12%
INTU	C	0.12%
NSC	A	0.11%
DASH	A	0.11%
LPLA	B	0.11%
UNM	A	0.1%
ED	D	0.1%
TWLO	B	0.09%
NRG	C	0.09%
DOCU	A	0.09%
LYFT	C	0.08%
CINF	A	0.07%
PLTK	B	0.07%
CRUS	F	0.07%
QRVO	F	0.06%
NBIX	C	0.06%
ANET	C	0.06%
ORCL	C	0.04%
VEEV	B	0.04%
TNL	A	0.04%
UTHR	C	0.04%
TOL	A	0.02%
CVX	B	0.02%
PEGA	A	0.02%

FBUF Underweight 58 Positions Relative to TDVG

Symbol	Grade	Weight
CB	D	-2.06%
ROP	B	-1.4%
ACN	B	-1.34%
KO	D	-1.32%
LIN	D	-1.32%
ROST	C	-1.31%
HLT	A	-1.2%
AZN	F	-1.18%
APH	B	-1.14%
MCK	C	-1.13%
HON	B	-1.12%
DHR	D	-1.12%
WCN	A	-1.06%
BR	A	-1.04%
MCD	D	-1.02%
EQR	B	-1.02%
KVUE	A	-0.99%
ADI	D	-0.98%
MS	B	-0.96%
ELV	F	-0.9%
SHW	A	-0.89%
AEE	A	-0.87%
MDLZ	F	-0.85%
AVY	D	-0.81%
SLB	C	-0.8%
HIG	B	-0.77%
COP	D	-0.73%
CMS	C	-0.71%
ODFL	B	-0.68%
GEV	C	-0.67%
ZTS	D	-0.64%
A	D	-0.63%
TXN	D	-0.61%
ATO	A	-0.6%
GEHC	F	-0.59%
MCHP	F	-0.56%
YUM	B	-0.56%
EQT	B	-0.56%
GS	B	-0.54%
TGT	F	-0.51%
ROK	B	-0.5%
OTIS	C	-0.5%
SWK	D	-0.48%
DE	B	-0.47%
TSCO	C	-0.45%
EFX	D	-0.44%
WMB	B	-0.42%
NKE	F	-0.4%
REXR	F	-0.37%
CMI	A	-0.32%
DG	F	-0.3%
RPM	A	-0.29%
MAR	A	-0.28%
BALL	D	-0.28%
STZ	D	-0.26%
TTC	D	-0.25%
JBHT	C	-0.03%
LVS	C	-0.03%