FDCF vs. BWEB ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to Bitwise Web3 ETF (BWEB)

FDCF

Fidelity Disruptive Communications ETF

FDCF Description

The fund normally invests at least 80% of assets in securities of disruptive communications companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.16

Average Daily Volume

6,852

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BWEB

Bitwise Web3 ETF

BWEB Description

Bitwise Web3 ETF is an exchange traded fund launched and managed by Bitwise Investment Manager, LLC. The fund is co-managed by Vident Investment Advisory, LLC. It invests in public equity markets of global region. It invests in stocks of companies operating across cryptography and blockchain technology, web3 infrastructure companies, metaverse and immersive digital, web3 development and governance, web3 creator economy sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the Bitwise Web3 Equities Index, by using full replication. Bitwise Web3 ETF was formed on October 4, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.44

Average Daily Volume

461

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	BWEB
30 Days	3.72%	3.01%
60 Days	8.85%	3.42%
90 Days	13.83%	0.61%
12 Months	41.00%	31.71%

1 Overlapping Holdings

	Symbol	Grade	Weight in FDCF	Weight in BWEB	Overlap
	META	A	5.6%	8.26%	5.6%

FDCF Overweight 9 Positions Relative to BWEB

Symbol	Grade	Weight
SE	B	7.26%
NVDA	B	6.48%
GOOGL	A	5.65%
SNAP	B	5.17%
ANET	A	5.12%
AMT	B	5.03%
AMZN	A	4.97%
PDD	D	4.41%
TMUS	B	3.74%

FDCF Underweight 9 Positions Relative to BWEB

Symbol	Grade	Weight
COIN	C	-9.76%
EQIX	C	-7.53%
RBLX	B	-7.23%
SHOP	C	-6.86%
TTWO	C	-5.3%
EA	B	-4.69%
SQ	C	-4.04%
HOOD	B	-3.79%
MARA	C	-3.59%