FDFF vs. FFTY ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Innovator IBD 50 Fund ETF (FFTY)

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

FFTY

Innovator IBD 50 Fund ETF

FFTY Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in companies included in the IBD® 50 Index. It is actively managed. Under normal circumstances, the fund will invest in a portfolio of U.S.-listed, exchange-traded equities. FFTY picks 50 leading growth companies that trade on US exchanges, potentially including ADRs. After screening out securities with extreme recent price movements, the universe is ranked by a composite of 11 different fundamental and technical metrics. The top 50 stocks are weighted in tiers, with more weight given to higher-ranking companies. Components of the index are reviewed on a weekly basis. Based on market-wide technical signals, FFTY may substitute half of its equity portfolio with Treasury bills. The index will remain half equity, half T-bills until a reversal signal occurs. Its worth noting that the funds high-turnover strategy could lead to poor tracking and/or taxable capital gains payouts.

Grade (RS Rating)

Last Trade

$30.96

Average Daily Volume

79,149

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	FFTY
30 Days	11.95%	14.45%
60 Days	15.45%	14.88%
90 Days	18.88%	17.01%
12 Months	46.23%	37.94%

4 Overlapping Holdings

Symbol	Grade	Weight in FDFF	Weight in FFTY	Overlap
FOUR	B	0.89%	0.99%	0.89%
MELI	D	0.81%	1.0%	0.81%
TOST	B	2.83%	0.48%	0.48%
TW	A	1.48%	0.99%	0.99%

FDFF Overweight 29 Positions Relative to FFTY

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%
SQ	B	2.07%
OWL	A	2.06%
DLO	C	2.0%
COIN	C	2.0%
FI	A	1.83%
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%
AMH	D	0.9%
ALLY	C	0.85%
RPAY	D	0.68%
UWMC	D	0.59%

FDFF Underweight 46 Positions Relative to FFTY

Symbol	Grade	Weight
HIMS	B	-3.77%
POWL	C	-3.6%
NVDA	C	-3.59%
VRT	B	-3.58%
STRL	B	-3.57%
FIX	A	-3.52%
PLTR	B	-3.47%
ATAT	C	-3.46%
DOCS	C	-3.28%
ARM	D	-3.22%
CLS	B	-3.21%
YOU	D	-3.09%
NTRA	B	-3.05%
BWIN	D	-3.0%
ANET	C	-3.0%
EME	C	-2.99%
HROW	D	-2.95%
DUOL	A	-2.92%
BGNE	D	-2.79%
ADMA	B	-2.77%
IOT	A	-2.07%
MNDY	C	-2.05%
CWAN	B	-2.03%
RCL	A	-2.01%
FTAI	B	-2.01%
RYAN	B	-1.99%
LNTH	D	-1.99%
IBKR	A	-1.99%
AXON	A	-1.99%
ONON	A	-1.92%
AFRM	B	-1.12%
TT	A	-1.0%
VITL	D	-0.99%
NOW	A	-0.99%
TVTX	B	-0.98%
HWM	A	-0.97%
NFLX	A	-0.96%
PACS	F	-0.51%
KVYO	C	-0.51%
FTNT	C	-0.51%
ALNY	D	-0.51%
AGX	B	-0.5%
DY	D	-0.49%
DECK	A	-0.49%
AMSC	B	-0.49%
ZETA	D	-0.46%