FCOM vs. REW ETF Comparison

Comparison of Fidelity MSCI Telecommunication Services Index ETF (FCOM) to ProShares UltraShort Technology (REW)

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

$57.99

Average Daily Volume

78,574

Number of Holdings ^*

93

* may have additional holdings in another (foreign) market

REW

ProShares UltraShort Technology

REW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.26

Average Daily Volume

16,881

Number of Holdings ^*

88

* may have additional holdings in another (foreign) market

Performance

Period	FCOM	REW
30 Days	4.47%	-1.29%
60 Days	7.33%	-9.25%
90 Days	9.92%	-8.87%
12 Months	36.02%	-39.42%

7 Overlapping Holdings

	Symbol	Grade	Weight in FCOM	Weight in REW	Overlap
	GOOG	C	9.85%	5.24%	5.24%
	GOOGL	C	12.65%	5.25%	5.25%
	IAC	F	0.28%	0.3%	0.28%
	LUMN	C	0.65%	0.2%	0.2%
	META	D	21.65%	4.46%	4.46%
	SNAP	D	0.71%	0.22%	0.22%
	TTD	B	1.8%	0.17%	0.17%

FCOM Overweight 86 Positions Relative to REW

	Symbol	Grade	Weight
	NFLX	A	5.0%
	DIS	B	4.36%
	CMCSA	B	4.15%
	VZ	C	4.13%
	T	A	4.11%
	TMUS	B	3.35%
	EA	A	1.57%
	CHTR	C	1.49%
	TTWO	A	1.37%
	LYV	A	1.34%
	WBD	B	1.27%
	RBLX	C	1.25%
	OMC	C	1.03%
	FOXA	A	0.85%
	NWSA	A	0.85%
	PINS	F	0.84%
	LBRDK	C	0.81%
	IPG	D	0.77%
	ROKU	D	0.74%
	TKO	A	0.73%
	NYT	D	0.65%
	MTCH	D	0.63%
	FYBR	C	0.52%
	FOX	A	0.48%
	PARA	C	0.45%
	EDR	A	0.42%
	NXST	C	0.41%
	CNK	C	0.28%
	CCOI	B	0.28%
	MSGS	A	0.27%
	RDDT	A	0.26%
	IRDM	D	0.25%
	TDS	B	0.25%
	SATS	D	0.24%
	CARG	B	0.24%
	TGNA	B	0.24%
	ZI	D	0.2%
	ZD	B	0.2%
	YELP	C	0.18%
	MGNI	B	0.16%
	NPAB	F	0.16%
	SIRI	C	0.15%
	DJT	C	0.15%
	CABO	B	0.14%
	LBRDA	C	0.12%
	TRIP	F	0.12%
	GSAT	C	0.11%
	CARS	C	0.1%
	AMC	C	0.1%
	QNST	B	0.09%
	IMAX	B	0.09%
	VMEO	B	0.08%
	USM	B	0.08%
	MSGE	F	0.08%
	IDT	B	0.07%
	LGF.A	C	0.07%
	LILAK	D	0.07%
	STGW	A	0.06%
	GCI	D	0.06%
	SSTK	F	0.06%
	IAS	C	0.06%
	BMBL	C	0.06%
	TTGT	B	0.06%
	SHEN	F	0.05%
	PUBM	C	0.05%
	SCHL	F	0.05%
	ZIP	D	0.05%
	FUBO	D	0.04%
	EVER	D	0.04%
	IBTA	C	0.04%
	THRY	D	0.04%
	GOGO	C	0.04%
	ATUS	B	0.04%
	MCS	B	0.04%
	CNSL	C	0.03%
	BOC	C	0.03%
	ADV	D	0.03%
	ATEX	F	0.03%
	CCO	C	0.03%
	GTN	F	0.03%
	LGF.A	C	0.03%
	MAX	F	0.03%
	LILA	D	0.02%
	EB	C	0.02%
	AMCX	C	0.02%
	ANGI	F	0.01%

FCOM Underweight 81 Positions Relative to REW

	Symbol	Grade	Weight
	AAPL	C	-18.06%
	MSFT	D	-17.29%
	INTC	C	-3.85%
	CSCO	B	-3.09%
	ADBE	C	-2.51%
	CRM	B	-2.4%
	NVDA	B	-2.26%
	TXN	C	-1.83%
	AVGO	D	-1.82%
	IBM	C	-1.82%
	ORCL	A	-1.77%
	QCOM	F	-1.63%
	INTU	B	-1.09%
	MU	D	-0.95%
	NOW	A	-0.87%
	AMAT	F	-0.86%
	AMD	F	-0.84%
	LRCX	F	-0.66%
	ADI	D	-0.65%
	ADSK	A	-0.63%
	CTSH	B	-0.51%
	HPQ	B	-0.48%
	MSI	B	-0.45%
	WDAY	B	-0.44%
	KLAC	F	-0.42%
	EBAY	D	-0.41%
	MCHP	F	-0.39%
	PANW	B	-0.35%
	SNPS	B	-0.34%
	ANSS	B	-0.34%
	VRSN	C	-0.33%
	CDNS	B	-0.31%
	SWKS	F	-0.31%
	WDC	D	-0.3%
	VEEV	C	-0.29%
	HPE	B	-0.29%
	CDW	F	-0.29%
	MRVL	B	-0.28%
	FTNT	C	-0.25%
	AKAM	D	-0.23%
	PAYC	B	-0.22%
	TWLO	A	-0.22%
	SSNC	B	-0.21%
	STX	C	-0.21%
	OKTA	C	-0.21%
	NTAP	C	-0.21%
	GRMN	B	-0.21%
	IT	C	-0.21%
	RNG	C	-0.21%
	QRVO	F	-0.2%
	LDOS	C	-0.2%
	GDDY	A	-0.19%
	EPAM	B	-0.19%
	ANET	C	-0.18%
	TYL	B	-0.18%
	BAH	F	-0.17%
	FICO	B	-0.17%
	TER	F	-0.17%
	DOX	D	-0.15%
	ON	D	-0.15%
	DXC	B	-0.14%
	GWRE	A	-0.14%
	AZPN	A	-0.14%
	OLED	F	-0.13%
	DOCU	B	-0.13%
	DELL	B	-0.12%
	JNPR	D	-0.12%
	FFIV	B	-0.12%
	PTC	B	-0.12%
	HUBS	A	-0.11%
	DAY	B	-0.11%
	MPWR	F	-0.11%
	ENTG	D	-0.11%
	CIEN	C	-0.1%
	CACI	D	-0.1%
	XRX	F	-0.1%
	LITE	B	-0.09%
	SNX	D	-0.09%
	Z	A	-0.09%
	ETSY	D	-0.09%
	MKSI	C	-0.09%

FCOM: Top Represented Industries & Keywords

Industries: Telecom Services Internet Content & Information Media - Diversified Broadcasting - TV Entertainment Pay TV Software - Application Internet Content & Information Publishing Advertising Agencies Conglomerates Electronic Gaming & Multimedia Marketing Services Software - Infrastructure Advertising Agencies Auto & Truck Dealerships Broadcasting - Radio Communication Equipment Electronic Gaming & Multimedia Leisure

Keywords: S&P 500 Broadband Telecommunications Nasdaq 100 Television Internet Access Computing Voice Services Broadcasting Cable TV Digital Media Games Online Advertising Software Television Stations Cable Television Information And Communications Technology Mobile Devices Social Media Advertising Services

REW: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Communication Equipment Semiconductor Equipment & Materials Computer Systems Data Storage Business Services Scientific & Technical Instruments Specialty Retail Consumer Electronics Health Information Services Real Estate Services Semiconductor Memory Telecom Services

Keywords: S&P 500 Nasdaq 100 Computing Semiconductor Work From Home Cloud Computing Integrated Circuits Mobile Devices Software Software As A Service Cloud Infrastructure Smartphones Electronics Operating System Telecommunications Ethernet Dow Jones Component Cloud Applications Computer Network Computer Networking