FDFF vs. DFAR ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Dimensional US Real Estate ETF (DFAR)

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

$38.36

Average Daily Volume

2,413

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFAR

Dimensional US Real Estate ETF

DFAR Description

Dimensional US Real Estate ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across real estate sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Dimensional US Real Estate ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.19

Average Daily Volume

124,327

Number of Holdings ^*

130

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	DFAR
30 Days	11.95%	-1.14%
60 Days	15.45%	-2.33%
90 Days	18.88%	1.78%
12 Months	46.23%	25.73%

1 Overlapping Holdings

	Symbol	Grade	Weight in FDFF	Weight in DFAR	Overlap
	AMH	D	0.9%	0.92%	0.9%

FDFF Overweight 32 Positions Relative to DFAR

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

FDFF Underweight 129 Positions Relative to DFAR

Symbol	Grade	Weight
PLD	D	-7.8%
AMT	D	-6.81%
EQIX	A	-6.39%
WELL	A	-4.9%
DLR	B	-4.5%
SPG	B	-4.39%
PSA	D	-3.96%
O	D	-3.67%
CCI	D	-3.37%
EXR	D	-2.6%
IRM	D	-2.52%
VICI	C	-2.46%
AVB	B	-2.43%
VTR	C	-1.96%
EQR	B	-1.94%
SBAC	D	-1.74%
INVH	D	-1.56%
ESS	B	-1.46%
MAA	B	-1.37%
KIM	A	-1.27%
ARE	D	-1.23%
SUI	D	-1.16%
DOC	D	-1.1%
UDR	B	-1.04%
GLPI	C	-1.01%
ELS	C	-0.96%
CPT	B	-0.95%
REG	B	-0.95%
WPC	D	-0.92%
HST	C	-0.91%
BXP	D	-0.88%
LAMR	D	-0.85%
CUBE	D	-0.83%
OHI	C	-0.76%
REXR	F	-0.71%
BRX	A	-0.66%
EGP	F	-0.63%
FRT	B	-0.62%
ADC	B	-0.59%
NNN	D	-0.58%
FR	C	-0.52%
VNO	B	-0.49%
STAG	F	-0.49%
RHP	B	-0.47%
EPRT	B	-0.45%
COLD	D	-0.44%
TRNO	F	-0.44%
KRG	B	-0.43%
SLG	B	-0.38%
CTRE	D	-0.37%
CUZ	B	-0.36%
IRT	A	-0.36%
PECO	A	-0.36%
SBRA	C	-0.32%
KRC	C	-0.32%
MAC	B	-0.32%
SKT	B	-0.31%
APLE	B	-0.27%
EPR	D	-0.26%
CDP	C	-0.26%
NHI	D	-0.26%
HIW	D	-0.25%
BNL	D	-0.24%
IIPR	D	-0.23%
NSA	D	-0.23%
AKR	B	-0.22%
PK	B	-0.22%
DEI	B	-0.22%
UE	C	-0.21%
FCPT	C	-0.2%
LXP	D	-0.2%
MPW	F	-0.19%
OUT	A	-0.18%
ROIC	A	-0.17%
IVT	B	-0.16%
SHO	C	-0.15%
DRH	B	-0.14%
LTC	B	-0.13%
ESRT	C	-0.12%
GTY	B	-0.12%
GNL	F	-0.11%
PEB	D	-0.11%
XHR	B	-0.11%
RLJ	C	-0.11%
VRE	B	-0.1%
AAT	B	-0.1%
UMH	C	-0.1%
UNIT	B	-0.1%
ELME	D	-0.1%
PDM	D	-0.09%
DEA	D	-0.09%
NTST	D	-0.09%
JBGS	D	-0.09%
NXRT	B	-0.08%
AIV	C	-0.08%
CSR	B	-0.08%
EQC	B	-0.07%
PGRE	F	-0.06%
BDN	C	-0.06%
WSR	A	-0.05%
INN	D	-0.05%
GOOD	B	-0.05%
PLYM	F	-0.05%
ALX	D	-0.04%
BFS	C	-0.04%
UHT	D	-0.04%
GMRE	F	-0.04%
DHC	F	-0.03%
SILA	C	-0.03%
CBL	A	-0.03%
CLDT	B	-0.03%
SVC	F	-0.03%
OLP	B	-0.03%
CTO	B	-0.03%
ILPT	D	-0.02%
BRT	B	-0.02%
CHCT	C	-0.02%
HPP	F	-0.02%
PSTL	D	-0.02%
BHR	B	-0.01%
CIO	D	-0.01%
ALEX	C	-0.01%
PINE	C	-0.01%
CMCT	F	-0.0%
SELF	C	-0.0%
CLPR	D	-0.0%
PKST	D	-0.0%
OPI	F	-0.0%
MDV	D	-0.0%