FDFF vs. CLOU ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Global X Cloud Computing ETF (CLOU)

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance 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

$37.63

Average Daily Volume

2,324

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CLOU

Global X Cloud Computing ETF

CLOU Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Cloud Computing Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of cloud computing technology. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.97

Average Daily Volume

176,926

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	CLOU
30 Days	7.85%	10.35%
60 Days	13.79%	13.77%
90 Days	18.77%	17.41%
12 Months	43.70%	14.90%

0 Overlapping Holdings

	Symbol	Grade	Weight in FDFF	Weight in CLOU	Overlap

FDFF Overweight 33 Positions Relative to CLOU

Symbol	Grade	Weight
BLK	B	5.78%
APO	B	5.71%
V	A	5.36%
MA	B	5.06%
COF	B	5.03%
FLYW	B	4.39%
MSTR	B	3.84%
EFX	F	3.33%
ICE	D	2.9%
TOST	A	2.83%
SQ	A	2.07%
OWL	A	2.06%
DLO	C	2.0%
COIN	B	2.0%
FI	A	1.83%
TW	A	1.48%
CBOE	C	1.47%
NRDS	D	1.38%
ARES	A	1.34%
MKTX	D	1.16%
CASH	B	1.15%
VRSK	A	1.1%
NU	C	1.09%
MSCI	C	1.06%
BILL	A	1.03%
VIRT	A	0.99%
PFSI	D	0.96%
AMH	C	0.9%
FOUR	A	0.89%
ALLY	C	0.85%
MELI	C	0.81%
RPAY	D	0.68%
UWMC	D	0.59%

FDFF Underweight 35 Positions Relative to CLOU

Symbol	Grade	Weight
SHOP	B	-4.93%
QLYS	C	-4.59%
HUBS	A	-4.47%
TWLO	A	-4.23%
CRM	B	-4.14%
ZM	B	-4.09%
WDAY	C	-4.09%
ZS	C	-4.09%
WIX	A	-4.0%
SPSC	D	-4.0%
NOW	B	-3.97%
SNOW	C	-3.87%
PAYC	B	-3.87%
PCOR	C	-3.83%
WK	C	-3.83%
DBX	C	-3.82%
BOX	B	-3.81%
DLR	A	-3.59%
AKAM	F	-3.16%
FRSH	C	-2.97%
DOCN	D	-2.85%
AI	B	-2.77%
FIVN	C	-2.37%
AMZN	B	-1.98%
MSFT	D	-1.84%
GOOGL	B	-1.51%
VMEO	B	-0.85%
YEXT	B	-0.82%
HSTM	B	-0.8%
FSLY	F	-0.79%
VNET	C	-0.72%
PUBM	C	-0.54%
KC	A	-0.39%
BABA	D	-0.31%
IBM	C	-0.28%