FDMO vs. TXS ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to Texas Capital Texas Equity Index ETF (TXS)

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.36

Average Daily Volume

33,158

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$34.85

Average Daily Volume

2,980

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	FDMO	TXS
30 Days	5.95%	11.32%
60 Days	7.78%	12.85%
90 Days	10.86%	15.08%
12 Months	42.88%	43.31%

18 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in TXS	Overlap
ANET	C	0.82%	0.07%	0.07%
ATI	D	0.14%	0.05%	0.05%
CAT	B	0.73%	1.09%	0.73%
CBRE	B	0.21%	2.56%	0.21%
DLR	A	0.24%	4.02%	0.24%
FIX	A	0.47%	0.63%	0.47%
KMB	C	0.28%	0.28%	0.28%
KMI	B	0.28%	1.89%	0.28%
NRG	C	0.24%	0.31%	0.24%
NTRA	B	0.87%	0.11%	0.11%
QTWO	A	0.78%	0.06%	0.06%
T	A	0.52%	1.31%	0.52%
THC	D	0.72%	4.2%	0.72%
TPL	B	0.24%	1.96%	0.24%
TRGP	B	0.27%	1.43%	0.27%
TSLA	B	2.03%	5.5%	2.03%
VST	B	0.31%	0.84%	0.31%
XOM	C	1.12%	3.28%	1.12%

FDMO Overweight 104 Positions Relative to TXS

Symbol	Grade	Weight
NVDA	C	6.97%
AAPL	B	6.8%
MSFT	D	6.21%
AMZN	C	3.76%
GOOGL	C	3.54%
META	D	2.39%
BRK.A	B	2.14%
AVGO	D	2.03%
JPM	B	1.88%
LLY	F	1.68%
PLTR	B	1.3%
APP	B	1.27%
BAC	A	1.21%
COIN	B	1.09%
HD	A	1.08%
ABBV	D	1.08%
ISRG	C	1.06%
GS	B	0.99%
BSX	C	0.95%
DHR	D	0.92%
PG	A	0.92%
COST	B	0.92%
AXP	A	0.9%
MSI	C	0.88%
NFLX	B	0.88%
PGR	A	0.87%
WMT	B	0.86%
FICO	B	0.86%
HOOD	B	0.83%
KKR	B	0.8%
HCA	F	0.78%
GDDY	B	0.78%
CVLT	B	0.74%
GKOS	B	0.74%
GE	D	0.74%
RVMD	B	0.73%
SYF	A	0.72%
BK	A	0.7%
RNA	D	0.7%
UBER	D	0.67%
CVX	B	0.67%
EVR	B	0.67%
HIG	B	0.67%
RTX	D	0.66%
BKNG	B	0.66%
FIS	D	0.65%
TJX	A	0.61%
KO	D	0.61%
TT	B	0.59%
JXN	B	0.59%
MPWR	F	0.56%
PM	B	0.55%
CTAS	B	0.54%
HWM	B	0.52%
CARR	C	0.51%
VRT	B	0.51%
LIN	D	0.51%
URI	B	0.5%
TDG	D	0.5%
GM	B	0.5%
RCL	B	0.48%
NEE	D	0.47%
EME	B	0.47%
TMUS	A	0.45%
MLI	C	0.44%
ZETA	D	0.43%
EBAY	C	0.42%
DY	D	0.42%
TRU	D	0.4%
SN	D	0.39%
LDOS	D	0.38%
CVNA	B	0.38%
MO	A	0.37%
DUK	C	0.35%
CL	D	0.33%
TTD	B	0.32%
LUMN	C	0.32%
WMB	B	0.3%
OKE	C	0.3%
SHW	A	0.29%
CEG	D	0.29%
PEG	A	0.28%
WELL	C	0.28%
AEP	D	0.28%
SPG	C	0.25%
FRPT	B	0.24%
PSA	C	0.24%
SFM	B	0.24%
ECL	D	0.23%
NEM	F	0.2%
DTM	B	0.2%
EXR	C	0.2%
IRM	C	0.19%
EQR	B	0.19%
FTI	A	0.19%
ESS	B	0.18%
SW	B	0.17%
JLL	B	0.16%
CRS	B	0.16%
PKG	B	0.16%
IFF	D	0.15%
SLG	B	0.15%
VNO	B	0.15%
LPX	B	0.15%

FDMO Underweight 179 Positions Relative to TXS

Symbol	Grade	Weight
CRWD	B	-4.06%
SCHW	A	-4.06%
MCK	C	-3.82%
WM	A	-3.35%
CCI	D	-2.93%
GME	C	-2.92%
LNG	B	-2.46%
ORCL	C	-2.37%
COP	D	-1.95%
SYY	C	-1.88%
DHI	D	-1.86%
SCI	A	-1.85%
PWR	A	-1.84%
WING	F	-1.64%
GPI	B	-1.58%
TYL	A	-1.31%
RUSHA	B	-1.23%
INVH	D	-1.23%
EOG	C	-1.14%
TXN	D	-1.13%
J	F	-0.96%
ASO	F	-0.95%
SLB	C	-0.92%
EAT	A	-0.91%
CPT	B	-0.81%
ACM	A	-0.78%
PLAY	D	-0.71%
LUV	B	-0.69%
ADUS	D	-0.62%
BKR	C	-0.61%
OXY	F	-0.51%
FLR	B	-0.48%
FANG	F	-0.47%
KBR	F	-0.42%
CPRT	A	-0.41%
SBH	B	-0.4%
USPH	C	-0.39%
HAL	C	-0.39%
ATO	A	-0.39%
CNP	A	-0.35%
AAL	B	-0.33%
PSX	C	-0.32%
GL	C	-0.31%
CRBG	B	-0.31%
CMA	A	-0.3%
CFR	B	-0.27%
CTRA	B	-0.27%
HHH	B	-0.27%
KEX	B	-0.26%
VLO	C	-0.26%
PB	B	-0.24%
MRO	B	-0.23%
STRL	B	-0.22%
DELL	C	-0.21%
COOP	B	-0.2%
IESC	B	-0.2%
TPG	B	-0.19%
PRIM	A	-0.16%
HPE	B	-0.16%
PR	C	-0.14%
FFIN	B	-0.14%
AGL	F	-0.14%
NSP	F	-0.14%
XPEL	C	-0.14%
LII	A	-0.13%
BLDR	C	-0.13%
GRBK	D	-0.12%
CHRD	F	-0.12%
RRC	B	-0.12%
IBOC	B	-0.12%
APA	F	-0.12%
OMCL	C	-0.11%
LUNR	B	-0.1%
MTDR	C	-0.1%
LGIH	C	-0.09%
WFRD	F	-0.09%
GSHD	B	-0.09%
KNTK	B	-0.09%
AAOI	B	-0.09%
VCTR	B	-0.09%
POWL	C	-0.08%
DNOW	B	-0.08%
USLM	B	-0.08%
NTST	D	-0.08%
STC	A	-0.07%
RICK	C	-0.07%
EE	B	-0.07%
MUR	F	-0.07%
TFIN	A	-0.07%
NXRT	B	-0.07%
FYBR	D	-0.07%
MGY	B	-0.07%
ACA	B	-0.07%
CSV	A	-0.07%
IBTX	B	-0.07%
DAR	C	-0.06%
BMBL	C	-0.06%
OIS	C	-0.06%
SABR	C	-0.06%
CSWI	A	-0.06%
PX	B	-0.06%
FFWM	C	-0.06%
MRC	B	-0.06%
SKWD	B	-0.06%
FLS	A	-0.06%
WTTR	B	-0.06%
GLDD	B	-0.06%
TH	C	-0.06%
CRGY	B	-0.06%
PRO	C	-0.06%
TTI	C	-0.06%
CRK	B	-0.06%
EXP	B	-0.06%
SAVA	F	-0.06%
XPRO	F	-0.06%
MTCH	F	-0.06%
UEC	B	-0.06%
DXPE	A	-0.06%
YETI	C	-0.05%
INN	C	-0.05%
HTH	B	-0.05%
PTEN	C	-0.05%
DINO	F	-0.05%
CECO	B	-0.05%
TALO	C	-0.05%
GDOT	D	-0.05%
NXST	C	-0.05%
BIGC	C	-0.05%
THR	B	-0.05%
HLX	C	-0.05%
GRNT	B	-0.05%
PUMP	C	-0.05%
SWI	B	-0.05%
ITGR	A	-0.05%
HESM	B	-0.05%
CHX	C	-0.05%
VTOL	B	-0.05%
EZPW	B	-0.05%
AZZ	B	-0.05%
WSR	A	-0.05%
SBSI	B	-0.05%
CNK	B	-0.05%
TASK	C	-0.05%
UPBD	B	-0.05%
ALG	C	-0.05%
CE	F	-0.05%
NX	C	-0.05%
WHD	A	-0.05%
OII	B	-0.05%
CMC	B	-0.05%
ALKT	A	-0.05%
VBTX	A	-0.05%
AROC	B	-0.05%
TRN	B	-0.05%
APLD	B	-0.05%
THRY	F	-0.04%
BRY	F	-0.04%
DIOD	D	-0.04%
CVI	F	-0.04%
TSHA	C	-0.04%
TDW	F	-0.04%
CSTL	D	-0.04%
VITL	F	-0.04%
HUN	F	-0.04%
WLK	D	-0.04%
SLAB	D	-0.04%
PARR	D	-0.04%
FOR	F	-0.04%
EGY	F	-0.04%
NR	B	-0.04%
NOV	C	-0.04%
AESI	B	-0.04%
LXRX	F	-0.03%
ETWO	F	-0.03%
SVRA	F	-0.03%
CRUS	F	-0.03%
AMN	F	-0.03%
APPS	F	-0.02%
NOVA	F	-0.01%