FDFF vs. SPHQ ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to PowerShares S&P 500 High Quality Portfolio (SPHQ)

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

SPHQ

PowerShares S&P 500 High Quality Portfolio

SPHQ Description

The PowerShares S&P 500Â® High Quality Portfolio (Fund) is based on the S&P 500Â® High Quality Rankings Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide exposure to the constituents of the S&P 500 Index that are identified as stocks reflecting long-term growth and stability of a company's earnings and dividends. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$67.95

Average Daily Volume

864,489

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	SPHQ
30 Days	9.01%	0.94%
60 Days	14.00%	1.40%
90 Days	16.82%	3.27%
12 Months	43.70%	31.83%

4 Overlapping Holdings

Symbol	Grade	Weight in FDFF	Weight in SPHQ	Overlap
MA	B	5.06%	5.45%	5.06%
MKTX	D	1.16%	0.1%	0.1%
V	A	5.36%	5.29%	5.29%
VRSK	A	1.1%	0.45%	0.45%

FDFF Overweight 29 Positions Relative to SPHQ

Symbol	Grade	Weight
BLK	B	5.78%
APO	B	5.71%
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%
NU	C	1.09%
MSCI	C	1.06%
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 95 Positions Relative to SPHQ

Symbol	Grade	Weight
AVGO	D	-5.28%
AAPL	C	-4.97%
JNJ	C	-4.84%
MSFT	D	-4.5%
COST	A	-4.29%
NFLX	A	-4.24%
PG	C	-3.89%
ADBE	C	-2.87%
CSCO	B	-2.61%
PEP	F	-2.26%
QCOM	F	-2.2%
GE	D	-2.02%
ADP	A	-2.01%
CAT	B	-2.01%
INTU	B	-1.83%
AMAT	F	-1.68%
LMT	D	-1.65%
PGR	A	-1.63%
TJX	A	-1.54%
PANW	B	-1.24%
ITW	B	-1.16%
NKE	F	-1.08%
LRCX	F	-1.06%
KLAC	F	-1.05%
SHW	B	-1.01%
MDLZ	F	-0.9%
EMR	B	-0.88%
AMP	A	-0.86%
ADSK	A	-0.86%
CTAS	B	-0.76%
ZTS	D	-0.74%
MCO	B	-0.73%
PAYX	B	-0.66%
IT	C	-0.64%
GWW	B	-0.59%
FAST	B	-0.59%
MPC	D	-0.58%
CMI	A	-0.57%
KMB	C	-0.52%
ROST	D	-0.47%
KVUE	A	-0.46%
COR	B	-0.46%
MLM	C	-0.44%
VLO	C	-0.44%
MCHP	F	-0.43%
LEN	D	-0.42%
ACGL	C	-0.41%
ROK	C	-0.4%
IDXX	F	-0.4%
GEHC	D	-0.4%
MNST	C	-0.4%
LULU	C	-0.38%
SYY	D	-0.37%
A	D	-0.37%
EA	A	-0.37%
CTSH	B	-0.37%
VMC	B	-0.37%
CNC	D	-0.36%
EBAY	D	-0.34%
DD	C	-0.32%
NVR	D	-0.3%
DECK	A	-0.29%
BR	A	-0.27%
BALL	F	-0.27%
KEYS	A	-0.26%
ADM	D	-0.26%
K	A	-0.26%
HSY	F	-0.26%
VLTO	C	-0.26%
TROW	B	-0.26%
CDW	F	-0.25%
CLX	A	-0.24%
BLDR	D	-0.24%
CINF	A	-0.23%
LH	B	-0.23%
EXPD	C	-0.21%
ULTA	F	-0.21%
LYB	F	-0.21%
OMC	C	-0.2%
STE	D	-0.2%
BAX	F	-0.19%
POOL	C	-0.19%
JBL	C	-0.19%
HOLX	D	-0.17%
EG	C	-0.16%
FFIV	B	-0.15%
CHRW	B	-0.14%
SWKS	F	-0.14%
JKHY	D	-0.13%
AOS	F	-0.11%
APA	D	-0.1%
BWA	D	-0.1%
PAYC	B	-0.1%
RL	C	-0.09%
SOLV	D	-0.09%