FCOM vs. LTL ETF Comparison

Comparison of Fidelity MSCI Telecommunication Services Index ETF (FCOM) to ProShares Ultra Telecommunications ProShares (LTL)

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.05

Average Daily Volume

73,400

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LTL

ProShares Ultra Telecommunications ProShares

LTL Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select TelecommunicationsSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of U.S. stock market performance of fixed line (regional and long-distance carriers) and mobile telephone services (cellular, satellite and paging services). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.29

Average Daily Volume

1,189

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCOM	LTL
30 Days	3.02%	5.01%
60 Days	6.97%	14.74%
90 Days	4.73%	5.75%
12 Months	30.51%	59.10%

21 Overlapping Holdings

Symbol	Grade	Weight in FCOM	Weight in LTL	Overlap
CHTR	C	1.42%	2.73%	1.42%
CMCSA	F	4.03%	2.87%	2.87%
DIS	D	4.26%	2.87%	2.87%
EA	B	1.6%	2.88%	1.6%
FOX	B	0.39%	0.4%	0.39%
FOXA	B	0.71%	0.75%	0.71%
GOOG	A	9.7%	6.86%	6.86%
GOOGL	A	12.68%	8.17%	8.17%
IPG	F	0.95%	1.04%	0.95%
LYV	C	1.0%	1.23%	1.0%
META	B	24.03%	14.77%	14.77%
MTCH	F	0.71%	0.77%	0.71%
NFLX	B	4.52%	2.86%	2.86%
NWSA	B	0.9%	0.99%	0.9%
OMC	D	1.1%	1.65%	1.1%
PARA	D	0.47%	0.48%	0.47%
T	A	3.74%	2.98%	2.98%
TMUS	A	2.92%	2.83%	2.83%
TTWO	B	1.35%	2.36%	1.35%
VZ	A	4.43%	2.89%	2.89%
WBD	F	1.09%	1.55%	1.09%

FCOM Overweight 66 Positions Relative to LTL

Symbol	Grade	Weight
TTD	A	1.74%
PINS	B	1.39%
RBLX	B	1.26%
SNAP	B	1.22%
NYT	A	0.68%
ROKU	D	0.65%
LBRDK	C	0.54%
NXST	C	0.46%
FYBR	B	0.42%
EDR	A	0.42%
IAC	F	0.31%
ZI	F	0.29%
IRDM	F	0.25%
MSGS	B	0.25%
ZD	F	0.22%
CCOI	D	0.21%
YELP	F	0.21%
TGNA	D	0.21%
CNK	A	0.2%
CARG	B	0.19%
SATS	B	0.19%
TDS	B	0.18%
TRIP	F	0.16%
CABO	F	0.14%
MGNI	B	0.14%
LILAK	A	0.11%
CARS	B	0.11%
AMC	C	0.11%
LUMN	D	0.09%
LGF.A	C	0.09%
LBRDA	C	0.08%
USM	B	0.08%
SCHL	D	0.08%
MSGE	D	0.08%
SSTK	F	0.08%
BMBL	F	0.08%
IMAX	B	0.07%
TTGT	B	0.07%
QNST	C	0.07%
PUBM	C	0.07%
GSAT	D	0.07%
ZIP	D	0.06%
IAS	C	0.06%
SHEN	C	0.06%
VMEO	C	0.05%
STGW	C	0.05%
IDT	C	0.05%
THRY	F	0.05%
GOGO	D	0.05%
GTN	D	0.04%
ATUS	F	0.04%
MAX	F	0.04%
EVER	C	0.04%
LGF.A	C	0.04%
BOC	F	0.03%
LILA	A	0.03%
CNSL	B	0.03%
CCO	D	0.03%
ADV	D	0.03%
FUBO	F	0.03%
EB	F	0.03%
ATEX	B	0.03%
ATNI	D	0.02%
MCS	D	0.02%
AMCX	F	0.02%
ANGI	D	0.01%

FCOM Underweight 1 Positions Relative to LTL

	Symbol	Grade	Weight
	NWS	B	-0.31%