FDFF vs. RISN ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Inspire Tactical Balanced ESG ETF (RISN)

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

$37.70

Average Daily Volume

2,380

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RISN

Inspire Tactical Balanced ESG ETF

RISN Description

The investment seeks to provide capital appreciation with lower volatility than the U.S. large cap stock market over the long term. The fund, an actively managed ETF, uses a proprietary system of technical analysis to tactically allocate assets into U.S. large cap stocks when the strategy identifies an uptrend in the U.S. large cap stock market, and shifts into U.S. Treasury bonds via third-party ETFs, investment grade and high-yield corporate bonds, government agency bonds, and listed gold exchange-traded products and exchange-traded notes such as SPDR Gold Shares (GLD) when the strategy identifies a downtrend in the U.S. large cap stock market.

Grade (RS Rating)

Last Trade

$27.81

Average Daily Volume

8,079

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	RISN
30 Days	9.01%	3.18%
60 Days	14.00%	3.50%
90 Days	16.82%	3.96%
12 Months	43.70%	18.52%

2 Overlapping Holdings

	Symbol	Grade	Weight in FDFF	Weight in RISN	Overlap
	MKTX	D	1.16%	0.95%	0.95%
	MSCI	C	1.06%	1.04%	1.04%

FDFF Overweight 31 Positions Relative to RISN

Symbol	Grade	Weight
BLK	B	5.78%
APO	B	5.71%
V	A	5.36%
MA	B	5.06%
COF	C	5.03%
FLYW	B	4.39%
MSTR	B	3.84%
EFX	F	3.33%
ICE	C	2.9%
TOST	B	2.83%
SQ	A	2.07%
OWL	A	2.06%
DLO	C	2.0%
COIN	C	2.0%
FI	A	1.83%
TW	A	1.48%
CBOE	C	1.47%
NRDS	C	1.38%
ARES	A	1.34%
CASH	B	1.15%
VRSK	A	1.1%
NU	C	1.09%
BILL	A	1.03%
VIRT	A	0.99%
PFSI	C	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 73 Positions Relative to RISN

Symbol	Grade	Weight
USFR	A	-19.16%
NVR	D	-1.32%
EPAM	B	-1.3%
CIVB	B	-1.28%
AX	B	-1.23%
MKL	A	-1.23%
LAD	A	-1.23%
G	B	-1.22%
WST	C	-1.21%
AME	A	-1.2%
COLB	B	-1.17%
PFC	B	-1.17%
CFR	B	-1.16%
EME	A	-1.15%
DAR	C	-1.15%
ODFL	C	-1.15%
TXRH	B	-1.14%
SNA	A	-1.13%
CSX	C	-1.12%
EOG	A	-1.11%
PCAR	B	-1.11%
ACIW	B	-1.11%
NFBK	C	-1.11%
ALG	B	-1.11%
CPRT	B	-1.11%
JBHT	C	-1.11%
MLM	C	-1.1%
FAST	B	-1.1%
MVBF	C	-1.1%
MOH	F	-1.1%
NTES	D	-1.1%
LECO	C	-1.1%
BOTJ	B	-1.09%
NECB	C	-1.09%
OFLX	D	-1.09%
MNST	C	-1.09%
GGG	B	-1.08%
PBHC	B	-1.08%
IBN	C	-1.07%
BRO	B	-1.07%
PAG	B	-1.07%
NICE	D	-1.07%
ROL	B	-1.06%
MAA	B	-1.06%
MED	D	-1.06%
GNTX	C	-1.06%
COKE	C	-1.05%
UDR	B	-1.05%
LSTR	D	-1.05%
ROP	B	-1.05%
EXPD	C	-1.04%
POOL	C	-1.03%
ON	D	-1.01%
MIDD	C	-1.01%
RMD	C	-1.0%
PSA	C	-1.0%
LFUS	D	-1.0%
CSGP	D	-1.0%
EW	C	-1.0%
CACI	D	-0.99%
CNI	F	-0.99%
GIII	D	-0.98%
EGP	D	-0.98%
ASR	D	-0.98%
CHE	D	-0.97%
CSL	C	-0.97%
IDXX	F	-0.97%
KRC	B	-0.96%
TSM	B	-0.95%
FCNCA	A	-0.93%
ELV	F	-0.93%
SWKS	F	-0.89%
CRI	F	-0.83%